Construction Machinery Global Market Report 2026

Construction machinery encompasses heavy-duty machines specifically designed for executing construction tasks. These machines are utilized in various construction projects, aiding in material loading and unloading, transportation of tools and materials to and from construction sites, processing raw materials, handling and transporting materials, vegetation clearance, and multiple other applications.

Primary construction machinery products include earthmoving equipment, material handling machines, building and road construction tools, and autonomous construction equipment. Earthmoving equipment involves machinery used for excavating and moving substantial volumes of soil. Its applications range from excavation and mining to lifting, material handling, transportation, and other diverse uses. End-users of such machinery span across industries such as Oil & Gas, Construction & Infrastructure, Manufacturing, Mining, and various other sectors.

Note that the outlook for this market is being affected by rapid changes in trade relations and tariffs globally. The report will be updated prior to delivery to reflect the latest status, including revised forecasts and quantified impact analysis. The report's Recommendations and Conclusions sections will be updated to give strategies for entities dealing with the fast-moving international environment.

Tariffs are influencing the construction machinery market by increasing prices of imported engines, hydraulic components, steel structures, and electronic control systems. Construction and infrastructure projects in North America and Europe are most affected due to dependence on imported heavy equipment, while Asia-Pacific faces export competitiveness challenges. These tariffs have raised equipment acquisition and maintenance costs, impacting project timelines and budgets. However, they are also accelerating local assembly, regional sourcing strategies, and domestic manufacturing investments to strengthen supply chain resilience.

The construction machinery market research report is one of a series of new reports from The Business Research Company that provides construction machinery market statistics, including the construction machinery industry global market size, regional shares, competitors with a construction machinery market share, detailed construction machinery market segments, market trends and opportunities, and any further data you may need to thrive in the construction machinery industry. This construction machinery market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

The construction machinery market size has grown strongly in recent years. It will grow from $362.27 billion in 2025 to $388.22 billion in 2026 at a compound annual growth rate (CAGR) of 7.2%. The growth in the historic period can be attributed to expansion of infrastructure development projects, growth in urbanization activities, rising demand for earthmoving equipment, availability of advanced hydraulic systems, increased mechanization in construction.

The construction machinery market size is expected to see strong growth in the next few years. It will grow to $528.36 billion in 2030 at a compound annual growth rate (CAGR) of 8.0%. The growth in the forecast period can be attributed to increasing investments in smart infrastructure, rising adoption of electric construction machinery, expansion of mining and energy projects, growing focus on operational efficiency, increasing use of data-driven fleet management. Major trends in the forecast period include increasing adoption of autonomous construction equipment, rising demand for fuel-efficient machinery, growing integration of telematics systems, expansion of electrified construction equipment, enhanced focus on equipment safety.

Anticipated growth in construction spending is poised to drive the expansion of the construction machinery market in the foreseeable future. Construction spending, encompassing expenditures on labor, materials, and engineering work within a specified timeframe, serves as a key determinant of construction-related financial outlays. As construction investment rises, construction businesses witness heightened income prospects, subsequently fostering increased demand for construction services, equipment, and materials. Illustratively, data from the US Census Bureau, a government agency based in the United States, indicates that in August 2023, construction spending in the US was estimated at $1,983.5 billion, marking a 0.5% increase from the revised July estimate of $1,973.7 billion. This upswing in construction spending substantiates the driving force behind the growth of the construction machinery market.

Prominent companies in the construction machinery market are actively engaged in the development of innovative products, such as the introduction of mini excavators, to enhance customer services. A mini excavator is a compact construction machine designed for excavation and digging work in confined spaces. These versatile machines are adaptable to various tasks. In July 2023, Komatsu Europe International N.V., a Belgium-based heavyweight in construction machinery manufacturing, unveiled the PC33E-6, a mini excavator. Featuring a 35kWh lithium-ion battery with a long-life design and a highly efficient powerline, this innovation allows most customers to work continuously for a full shift before requiring recharging. The PC33E-6, equipped with a 17.4 kW motor and a short tail design, is well-suited for operations in tight spaces and urban environments. Its heavy-duty, protected electric components ensure durability and reliability for construction projects.

In April 2024, Epiroc AB, a Sweden-based productivity partner for the mining and infrastructure sectors, acquired STANLEY Infrastructure, LLC for an undisclosed sum. This acquisition aims to enhance Epiroc AB's presence in the attachments sector for infrastructure and construction, particularly in the United States. The strategic initiative intends to leverage STANLEY Infrastructure's innovative products and reputable brands to drive growth. STANLEY Infrastructure, LLC, is a manufacturer of construction machinery based in Sweden.

Major companies operating in the construction machinery market are Caterpillar Inc., Komatsu Ltd., Volvo AB, Zoomlion Heavy Industry Science and Technology Co., Ltd., Hitachi, Ltd., Deere & Company, Sany Heavy Industry Co., Ltd., Xuzhou Construction Machinery Group Co., Ltd., Liebherr Group, Action Construction Equipment, PT United Tractors Tbk, LiuGong Machinery Co. Ltd., Shantui Construction Machinery Co. Ltd., JCB, CIFA, Bell Equipment, Bobcat, ASV Holdings, Inc., Lovol Heavy Industry, Randon, Goscor Earthmoving Equipment, Mantrac Group, Kanu Equipment

Asia-Pacific was the largest region in the construction machinery market in 2025. Western Europe was the second-largest region in the global construction machinery market share. The regions covered in the construction machinery market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

The countries covered in the construction machinery market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The construction machinery market consists of sales of construction machinery, including backhoes, bulldozers, construction and surface mining-type rock drill bits, construction-type tractors, off-highway trucks, pile-driving equipment, portable crushing, pulverizing and screening machinery, powered post hole diggers, road graders and surface mining machinery. Values in this market are factory gate values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

Construction Machinery Market Global Report 2026 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.

This report focuses construction machinery market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.

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Where is the largest and fastest growing market for construction machinery ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward, including technological disruption, regulatory shifts, and changing consumer preferences? The construction machinery market global report from the Business Research Company answers all these questions and many more.

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, total addressable market (TAM), market attractiveness score (MAS), competitive landscape, market shares, company scoring matrix, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.

• The market characteristics section of the report defines and explains the market. This section also examines key products and services offered in the market, evaluates brand-level differentiation, compares product features, and highlights major innovation and product development trends.
• The supply chain analysis section provides an overview of the entire value chain, including key raw materials, resources, and supplier analysis. It also provides a list competitor at each level of the supply chain.
• The updated trends and strategies section analyses the shape of the market as it evolves and highlights emerging technology trends such as digital transformation, automation, sustainability initiatives, and AI-driven innovation. It suggests how companies can leverage these advancements to strengthen their market position and achieve competitive differentiation.
• The regulatory and investment landscape section provides an overview of the key regulatory frameworks, regularity bodies, associations, and government policies influencing the market. It also examines major investment flows, incentives, and funding trends shaping industry growth and innovation.
• The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
• The forecasts are made after considering the major factors currently impacting the market. These include the technological advancements such as AI and automation, Russia-Ukraine war, trade tariffs (government-imposed import/export duties), elevated inflation and interest rates.
• The total addressable market (TAM) analysis section defines and estimates the market potential compares it with the current market size, and provides strategic insights and growth opportunities based on this evaluation.
• The market attractiveness scoring section evaluates the market based on a quantitative scoring framework that considers growth potential, competitive dynamics, strategic fit, and risk profile. It also provides interpretive insights and strategic implications for decision-makers.
• Market segmentations break down the market into sub markets.
• The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth.
• Expanded geographical coverage includes Taiwan and Southeast Asia, reflecting recent supply chain realignments and manufacturing shifts in the region. This section analyzes how these markets are becoming increasingly important hubs in the global value chain.
• The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
• The company scoring matrix section evaluates and ranks leading companies based on a multi-parameter framework that includes market share or revenues, product innovation, and brand recognition.

Scope

• Markets Covered:1) By Product: Earthmoving; Material Handling; Building And Road Construction Equipment
• 2) By Application: Excavation And Mining; Lifting And Material Handling; Earth Moving; Other Applications
• 3) By End User: Oil And Gas; Construction And Infrastructure; Mining; Other End Users
• Subsegments:
• 1) By Earthmoving Equipment: Excavators; Bulldozers; Backhoe Loaders; Skid Steer Loaders; Graders; Trenchers
• 2) By Material Handling Equipment: Cranes; Telehandlers
• 3) By Building And Road Construction Equipment: Concrete Mixers; Pavers; Compactors; Asphalt Mixing Plants; Road Rollers
• Companies Mentioned: Caterpillar Inc.; Komatsu Ltd.; Volvo AB; Zoomlion Heavy Industry Science and Technology Co., Ltd.; Hitachi, Ltd.; Deere & Company; Sany Heavy Industry Co., Ltd.; Xuzhou Construction Machinery Group Co., Ltd.; Liebherr Group; Action Construction Equipment; PT United Tractors Tbk; LiuGong Machinery Co. Ltd.; Shantui Construction Machinery Co. Ltd.; JCB; CIFA; Bell Equipment; Bobcat; ASV Holdings, Inc.; Lovol Heavy Industry; Randon; Goscor Earthmoving Equipment; Mantrac Group; Kanu Equipment
• Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Taiwan; Russia; South Korea; UK; USA; Canada; Italy; Spain.
• Regions: Asia-Pacific; South East Asia; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
• Time Series: Five years historic and ten years forecast.
• Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,
• Data Segmentations: country and regional historic and forecast data, market share of competitors, market segments.
• Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
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