Global Construction Equipment Market (2025-2031) | Size, Share, industry, Trend, Drivers, Growth, Revenue, Outlook

Name: Global Construction Equipment Market | Size & Trends 2031
Creator: 6Wresearch
License: https://www.6wresearch.com/privacy-policy
Keywords: Construction Equipment Market , Global Construction Equipment Market, Global Construction Equipment Market Size, Global Construction Equipment Market Share, Global Construction Equipment Market Trends

Market Forecast By Types(Cranes (Mobile Cranes, Crawler Cranes, Tower Cranes), Earthmoving Equipment(Loaders, Excavators, Motor Grader)), Aerial Work Equipment(Articulated Boom Lifts, Telescopic Boom Lifts, Scissor Lifts), Material Handling Equipment(Telescopic Handlers, Forklifts), Road Construction Equipment(Pavers, Road Rollers), Dump Trucks, Construction Tractor and Bulldozer), By Applications(Construction, Oil & Gas, Mining), By Regions(North America, Europe, Latin America, Asia Pacific, Middle East & Africa)and competitive landscape

Product Code: ETC001640	Publication Date: Dec 2023	Updated Date: Sep 2025	Product Type: Report
Publisher: 6Wresearch	No. of Pages: 70	No. of Figures: 35	No. of Tables: 5

Global Construction Equipment Market Size & Growth Rate

According to 6Wresearch internal database and industry insights, the Global Construction Equipment Market was accounted at USD 198.8 billion in 2024 and is projected to reach nearly USD 308.9 billion by 2031, exhibiting a compound annual growth rate (CAGR) of 6.7% during the forecast period (2025-2031).

Global Construction Equipment Market Highlights

Report Name	Global Construction Equipment Market
Forecast Period	2025-2031
CAGR	6.7%
Growing Sector	Energy Transition & Urban Development

Topics Covered in the Global Construction Equipment Market Report

The Global Construction Equipment Market report thoroughly covers the market by types, applications, and regions. The market report provides an unbiased and detailed analysis of ongoing market trends, opportunities/high growth areas, and market drivers, which would help stakeholders to devise and align their market strategies according to the current and future market dynamics.

Global Construction Equipment Market Synopsis

Global Construction Equipment Market is expected to witness significant growth in the upcoming years, backed by multi-trillion-dollar infrastructure pipelines, growth in urban population growth, need for housing, and the clean-energy transition. Apart from this, governments and private developers across North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa are investing in transportation networks, renewable energy, utilities, industrial parks, and social infrastructure, augmenting demand for advanced construction machinery.

Evaluation of Growth Drivers in the Global Construction Equipment Market

Below are some prominent drivers and their influence on market dynamics:

Driver	Primary Segments Affected	Why It Matters (Evidence)
Infrastructure & Energy Transition	All equipment types	Massive pipelines for roads, rail, ports, grid upgrades, and renewable projects raise multi-year equipment demand and installed base.
Urbanization & Housing	Earthmoving, Road, Aerial Work	Brownfield redevelopment and high-rise construction require excavation, lifting, and access solutions.
Industrial & Logistics Expansion	Material Handling, Earthmoving	Nearshoring, data centers, and e-commerce warehousing proliferates site prep and heavy lift needs, boosting market revenue in the long run.
Technology Integration (IoT, Telematics, Semi-Autonomy)	All types	Predictive maintenance and productivity gains reduce TCO and pull forward replacement cycles.
Rental	All types, esp. Aerial Work & Earthmoving	Project-based, capex-light procurement favors rentals; fleets refresh frequently and adopt low-emission equipment, influencing recurring market share growth for leading lessors.

Global Construction Equipment Market is expected to gain traction, registering a CAGR of 6.7% during 2025-2031. Due to significant aspects such as rapid urbanization, large-scale infrastructure, and energy projects, and rising public–private investments, the demand for modern construction equipment is set to rise. Furthermore, advancements in automation, machine control, telematics, and alternative powertrains (hybrid/electric/HVO-ready) are augmenting operational efficiency and lowering lifecycle costs, accelerating adoption among contractors and fleet owners.

Evaluation of Restraints in the Global Construction Equipment Market

Below are some major restraints and their influence on market dynamics:

Restraint	Primary Segments Affected	What This Means (Evidence)
Economic & Interest-Rate Volatility	All equipment types	Increasing cost of financing and capex caution delays fleet development and replacements.
Regulatory & Emissions Compliance	Diesel-powered equipment	Constriction Stage V/Tier 4F and regional decarbonization targets upsurges R&D pressuring pricing.
High Initial Investment	All equipment types	High initial investment remains a primary barrier for SMEs—channeling demand to the rental industry.
Skilled Operator Shortage	All equipment types	Limits utilization of advanced equipment; raises training and safety program requirements.
Supply Chain Disruptions	Components across types	Lead-time variability for engines, hydraulics, and electronics can hinder deliveries and backlog conversion.

Global Construction Equipment Market Challenges

There are significant hurdles faced by the Global Construction Equipment Industry. For instance, macroeconomic uncertainty, tightening emission norms, and skilled labor gaps can deter long-term market growth if not mitigated through financing, training, and technology. OEMs must balance decarbonization and cost competitiveness while ensuring parts availability and robust dealer service to defend share.

Global Construction Equipment Market Trends

There are several notable trends which are currently shaping the market dynamics:

Electrification & Hybridization: Rapid growth in battery-electric compact equipment and hybrid systems in mid-size classes reduces emissions and operating costs while meeting urban jobsite restrictions.
Automation & Machine Control: 2D/3D guidance, grade control, and semi-autonomous features improve productivity, reduce rework, and address operator shortages.
Telematics & Data-Driven Fleets: Connected machines enable predictive maintenance, remote diagnostics, and fuel optimization—improving uptime and total revenue potential per unit.
Sustainable Jobsite Practices: Low-noise equipment, alternative fuels (HVO), and recyclable materials align projects with ESG mandates and permit requirements.
Rental Market Maturation: Consolidation and professionalization of rental fleets accelerate technology refresh cycles and broaden access to specialized assets.
Modular & Offsite Construction: Growth in prefabrication broadens demand for lifting/precision handling and last-mile installation equipment.

Investment Opportunities in the Global Construction Equipment Industry

Potential investment opportunities in the Global Construction Equipment Market include:

Scaling Electric & Hybrid Portfolios – Developing battery platforms and hybrid drivetrains across compact and mid-range classes to meet emissions and urban access rules.
Digital Platforms & Fleet Analytics – Monetizing telematics data through subscription services.
Training, Simulation & Certification – High-fidelity simulators and standardized credentialing programs to close operator skill gaps and improve safety KPIs.
Green Infrastructure – Participation in transmission, wind/solar balance-of-plant, and EV-charging build-outs with specialized fleets.

Top 5 Leading Players in the Global Construction Equipment Market

Some leading players dominating the Global Construction Equipment Market Share include:

1. Caterpillar Inc.

Company Name	Caterpillar Inc.
Established Year	1925
Headquarters	Irving, Texas, United States
Official Website	Click Here

Global leader in earthmoving and power systems with extensive dealer support; strong focus on telematics, grade control, and lifecycle services to expand market share and revenue across construction, mining, and energy.

2. Komatsu Ltd.

Company Name	Komatsu Ltd.
Established Year	1921
Headquarters	Tokyo, Japan
Official Website	Click Here

Broad portfolio of excavators, bulldozers, and autonomous-ready systems; invests in electrification and digital solutions to drive industry productivity and total market growth.

3. Volvo Construction Equipment

Company Name	Volvo Construction Equipment
Established Year	1832
Headquarters	Gothenburg, Sweden
Official Website	Click Here

Pioneer in electric compact machines and fuel-efficient technologies; emphasizes safety, sustainability, and connected services to grow global size.

4. Hitachi Construction Machinery

Company Name	Hitachi Construction Machinery
Established Year	1970
Headquarters	Tokyo, Japan
Official Website	Click Here

Specialty in excavators and mining trucks with advanced hydraulics and IoT platforms; strong aftersales to maximize fleet uptime and customer revenue.

5. Liebherr Group

Company Name	Liebherr Group
Established Year	1949
Headquarters	Bulle, Switzerland (Construction Machinery Division)
Official Website	Click Here

Diverse portfolio—tower cranes, earthmoving, and mining equipment—backed by in-house component technologies, supporting premium positioning.

Government Regulations Introduced in the Global Construction Equipment Market

Governments are introducing regulations to support sustainable construction and lower environmental impacts. Some of the examples include the EU Stage V emission standards guiding engine compliance and particulate limits; United States Infrastructure Investment and Jobs Act (IIJA) catalyzing highway/bridge modernization with Buy-America provisions; China’s 14th Five-Year Plan prioritizing urban renewal and green infrastructure; India’s Bharatmala & Gati Shakti programs expanding highways and logistics; Saudi Vision 2030 funding giga-projects across urban development; and Africa’s PIDA (Programme for Infrastructure Development in Africa) enabling regional transport and energy corridors. These frameworks shape equipment specifications, fueling technologies, and procurement preferences.

Future Insights of the Global Construction Equipment Market

The outlook remains positive on the back of sustained infrastructure outlays, industrial policy (semiconductor fabs, battery plants, data centers), and the energy transition. Sustainability mandates will push OEMs toward electric/hybrid portfolios and circular services (rebuilds, reman parts). Rental’s rising *****, coupled with digital fleet optimization, is expected to enhance utilization and project economics—propelling Global Construction Equipment Market Growth, industry revenue, and vendor share through 2031.

Market Segmentation Analysis

By Types — Earthmoving Equipment to Dominate the Market

According to Vasudha, Senior Research Analyst, 6Wresearch, Earthmoving Equipment—including Loaders, Excavators, and Motor Graders—is expected to dominate the global market due to its foundational role across virtually all project phases: site clearing, trenching, grading, and bulk material movement.

By Applications — Construction to Dominate the Market

The Construction segment is set to lead global market share driven by massive public and private investment in transport infrastructure, utilities, residential/commercial real estate, and industrial facilities.

By Regions — Asia Pacific to Dominate the Market

Asia Pacific is projected to hold the largest market share owing to urbanization, housing demand, manufacturing expansion, and sustained government programs across China, India, Southeast Asia, and developed markets like Japan and South Korea.

Key Attractiveness of the Report

10 Years Market Numbers.
Historical Data Starting from 2021 to 2024.
Base Year: 2024
Forecast Data until 2031.
Key Performance Indicators Impacting the Market.
Major Upcoming Developments and Projects.

Key Highlights of the Report:

Global Construction Equipment Market Outlook
Market Size of Global Construction Equipment Market, 2024
Forecast of Global Construction Equipment Market, 2031
Historical Data and Forecast of Global Construction Equipment Market Revenues & Volume for the Period 2021-2031
Global Construction Equipment Market Trend Evolution
Global Construction Equipment Market Drivers and Challenges
Construction Equipment Price Trends
Construction Equipment Porter's Five Forces
Construction Equipment Industry Life Cycle
Historical Data and Forecast of Global Construction Equipment Market Revenues and Volume by Type for the Period 2021 – 2031
Historical Data and Forecast of Global Construction Equipment Market Revenues and Volume by Cranes for the Period 2021-2031
Historical Data and Forecast of Global Construction Equipment Market Revenues and Volume by Construction Tractor and Bulldozer for the Period 2021-2031
Historical Data and Forecast of Global Construction Equipment Market Revenues and Volume by Earthmoving Equipment for the Period 2021-2031
Historical Data and Forecast of Global Construction Equipment Market Revenues and Volume by Aerial Work Equipment for the Period 2021-2031
Historical Data and Forecast of Global Construction Equipment Market Revenues and Volume by Material Handling Equipment for the Period 2021-2031
Historical Data and Forecast of Global Construction Equipment Market Revenues and Volume by Dump Trucks for the Period 2021-2031
Historical Data and Forecast of Global Construction Equipment Market Revenues and Volume by Road Construction Equipment for the Period 2021-2031
Historical Data and Forecast of Global Construction Equipment Market Revenues and Volume by Application for the Period 2021-2031
Historical Data and Forecast of Global Construction Equipment Market Revenues and Volume by Construction for the Period 2021-2031
Historical Data and Forecast of Global Construction Equipment Market Revenues and Volume by Oil and Gas for the Period 2021-2031
Historical Data and Forecast of Global Construction Equipment Market Revenues and Volume by Mining for the Period 2021-2031
Historical Data and Forecast of Global Construction Equipment Market Revenues and Volume by Regions for the Period 2021-2031
Historical Data and Forecast of Global Construction Equipment Market Revenues and Volume by North America for the Period 2021-2031
Historical Data and Forecast of Global Construction Equipment Market Revenues and Volume by Europe for the Period 2021-2031
Historical Data and Forecast of Global Construction Equipment Market Revenues and Volume by Latin America for the Period 2020 – 2030
Historical Data and Forecast of Global Construction Equipment Market Revenues and Volume by Asia Pacific for the Period 2021-2031
Historical Data and Forecast of Global Construction Equipment Market Revenues and Volume by Middle East & Africa for the Period 2021-2031
Construction Equipment Import Export Trade Statistics
Market Opportunity Assessment By Type
Market Opportunity Assessment By Application
Market Opportunity Assessment By Regions
Construction Equipment Top Companies Market Share
Construction Equipment Competitive Benchmarking By Technical and Operational Parameters
Construction Equipment Company Profiles
Construction Equipment Key Strategic Recommendation

Market Covered

The report offers a comprehensive study of the subsequent market segments:

By Types

Cranes
- Mobile Cranes
- Crawler Cranes
- Tower Cranes
Earthmoving Equipment
- Loaders
- Excavators
- Motor Grader
Aerial Work Equipment
- Articulated Boom Lifts
- Telescopic Boom Lifts
- Scissor Lifts
Material Handling Equipment
- Telescopic Handlers
- Forklifts
Road Construction Equipment
- Pavers
- Road Rollers
Dump Trucks
Construction Tractor
Bulldozer

By Applications

Construction
Oil & Gas
Mining

By Regions

North America
Europe
Latin America
Asia Pacific
Middle East & Africa

Construction Equipment Market (2025-2031): FAQs

What is the growth outlook for the Global Construction Equipment Market?

What is the Global Construction Equipment Market size?

Which application segment leads the Global Construction Equipment Market?

Which region holds the largest share of the Global Construction Equipment Market?

What are the major opportunities for investors and equipment providers?

How does 6Wresearch market report help businesses in making strategic decisions?

Do you also provide customisation in the market study?

1 Executive Summary

2 Introduction

2.1 Key Highlights of the Report

2.2 Report Description

2.3 Market Scope & Segmentation

2.4 Research Methodology

2.5 Assumptions

3 Global Construction Equipment Market Overview

3.1 Macro Economic Indicators

3.2 Global Construction Equipment Market Revenues & Volume, 2021&2031F

3.3 Global Construction Equipment Market - Industry Life Cycle

3.4 Global Construction Equipment Market - Porter's Five Forces

3.5 Global Construction Equipment Market Revenues & Volume Share, By Type, 2021&2031F

3.6 Global Construction Equipment Market Revenues & Volume Share, By Application, 2021&2031F

3.7 Global Construction Equipment Market Revenues & Volume Share, By Regions, 2021&2031F

4 Global Construction Equipment Market Dynamics

4.1 Impact Analysis

4.2 Market Drivers

4.3 Market Restraints

5 Global Construction Equipment Market Trends

6. Global Construction Equipment Market, By Type

6.1 Global Construction Equipment Market Revenues & Volume, By Cranes 2021- 2031F

6.2 Global Construction Equipment Market Revenues & Volume, By Construction Tractor and Bulldozer, 2021- 2031F

6.3 Global Construction Equipment Market Revenues & Volume, By Earthmoving Equipment, 2021- 2031F

6.4 Global Construction Equipment Market Revenues & Volume, By Aerial Work Equipment, 2021- 2031F

6.5 Global Construction Equipment Market Revenues & Volume, By Material Handling Equipment, 2021- 2031F

6.6 Global Construction Equipment Market Revenues & Volume, By Dump Trucks, 2021- 2031F

6.7 Global Construction Equipment Market Revenues & Volume, By Road Construction Equipment, 2021- 2031F

7 Global Construction Equipment Market, By Application

7.1 Global Construction Equipment Market Revenues & Volume, By Construction, 2021- 2031F

7.2 Global Construction Equipment Market Revenues & Volume, By Oil and Gas, 2021- 2031F

7.3 Global Construction Equipment Market Revenues & Volume, By Mining, 2021- 2031F

8 Global Construction Equipment Market, By Regions

8.1 Global Construction Equipment Market Revenues & Volume, By North America, 2021- 2031F

8.2 Global Construction Equipment Market Revenues & Volume, By Europe, 2021- 2031F

8.3 Global Construction Equipment Market Revenues & Volume, By Latin America, 2021- 2031F

8.4 Global Construction Equipment Market Revenues & Volume, By Asia Pacific, 2021- 2031F

8.5 Global Construction Equipment Market Revenues & Volume, By Middle East & Africa, 2021- 2031F

9 Global Construction Equipment Market Import-Export Trade Statistics

10 Global Construction Equipment Market Key Performance Indicators

11 Global Construction Equipment Market - Opportunity Assessment

11.1 Global Construction Equipment Market Opportunity Assessment, By Type, 2031

11.2 Global Construction Equipment Market Opportunity Assessment, By Application, 2031

11.3 Global Construction Equipment Market Opportunity Assessment, By Countries, 2031

12 Global Construction Equipment Market - Competitive Landscape

12.1 Global Construction Equipment Market Revenue Share, By Companies, 2024

12.2 Global Construction Equipment Market Competitive Benchmarking, By Operating and Technical Parameters

13 Company Profiles

14 Recommendations

15 Disclaimer

Asia Construction Equipment Market

Asia Pacific (APAC) Construction Equipment Market

Europe Construction Equipment Market

Middle East Construction Equipment Market

Uruguay Construction Equipment Market

Uzbekistan Construction Equipment Market

Vanuatu Construction Equipment Market

Yemen Construction Equipment Market

Zambia Construction Equipment Market

2022 Jul 06 : Report

Product Code: ETC001640	Publication Date: Jul 2022	Product Type: Report
Publisher: 6Wresearch	No. of Pages: 300	No. of Figures: 90	No. of Tables: 30

Global construction equipment market report comprehensively covers the market by types, applications, and regions including North America, Latin America, Asia Pacific, Europe, and the Middle East & Africa, and by key countries. The Global construction equipment market outlook report provides an unbiased and detailed analysis of the ongoing Global construction equipment market trends, opportunities/high growth areas, and market drivers which would help the stakeholders device and align their market strategies according to the current and future market dynamics.

The report contains the following regional geographical coverage:

Europe Construction Equipment Market	Latin America Construction Equipment Market
Middle East Construction Equipment Market	Asia Pacific Construction Equipment Market
North America Construction Equipment Market	Africa Construction Equipment Market

Global Construction Equipment Market is experiencing substantial growth on account of growing infrastructure and the expansion of the construction industry over the past few years is one of the major reasons driving the demand for the construction equipment market globally. Another factor responsible for the growth in the construction equipment market is the increasing stringency of emission norms. Thus, the requirement for construction equipment has developed on account of technological advancement and modernization including railways and military operations.

According to 6wresearch, Global Construction Equipment Market is expected to register growth during 2020-2026. All over the world governments are investing majorly in the development of infrastructure and facilities such as smart cities, metros, and airports. Increasing residential and industrial projects coupled with increasing initiatives taken by the government to develop the infrastructure is adding to the Construction Equipment Market Share. However, the outbreak of coronavirus has declined the growth of the market-leading to disruption in the supply chain.

The global construction equipment market is projected to register sound revenues in the upcoming six years backed by the rising adoption of construction equipment for construction projects such as the south-north water transport project in china and Al Maktoum international airport in Dubai where equipment is vital to ensure smooth work during construction. Moreover, the rapid growth of the mining industry in developed and developing countries globally is estimated to generate high sales revenues for the construction equipment market globally backed by a rise in the demand for extraction of minerals from the depth which is obtained through the use of construction equipment and would spur the profound growth of Global construction equipment market in the coming years.

The global construction equipment market is projected to witness substantial growth during the forecast period 2020-26F backed by rising construction activities in multiple sectors like residential and industrial in the developed and developing countries. Globally, In Asia pacific region, India and China have been playing a vital role in construction equipment demand backed by the majority of the population occupied with agricultural activities where massive use of construction equipment like tractors is leading to the use of tiling, and planting fields and ensure efficient farming is expected to support the rise in significant demand for construction equipment and would instigate the use of global construction equipment market in the upcoming six years.

The global construction equipment market is anticipated to register sound revenues in the upcoming six years on the back of the rising infrastructure development in developed and developing countries. Additionally, on the basis of the region, the Latin America construction equipment market is likely to shape the market landscape and increase in the need to adopt construction equipment, especially in the mining industry. Mexico is poised to hold the largest share in the mining industry as it is attributed as the top gold and copper exporter and is leading to bring in lucrative opportunities for the to be investors and industrialists and is expected to instigate the use of construction equipment at mining some to ensure efficient work and is estimated to shape the market landscape of Latin America construction equipment market and as a result, is expected to boost the growth of the Latin America construction market in the coming years.

Market Analysis by Region

The Asia Pacific is expected to be the largest revenue-generating market during the coming years due to the upgrading socio-economic circumstances of countries in evolving economies. Moreover, the Middle East region is anticipated to hold a leading share in the construction equipment market and grow in the coming years on account of enhancing infrastructure expenditure in this region.

Market Analysis by application

Based on applications, the construction segment is dominating the market as the number of infrastructural projects is increasing and also due to leasing and renting of construction equipment in urban and urbanizing countries. Additionally, the earthmoving segment is expected to dominate the construction equipment market during the forecast period due to its high productivity, less operating cost, and safety assurance

Key Highlights of the Report:

Global Construction Equipment Market Overview.
Global Construction Equipment Market Outlook.
Historical Data of Global Construction Equipment Market Revenues & Volume for the Period 2016-2019.
Global Construction Equipment Market Size and Global Construction Equipment Market Forecast until 2026
Historical Data of Global Construction Equipment Market Revenues and Volume, By applications, for the Period 2016-2019
Market Size & Forecast of Global Construction Equipment Market Revenues and Volume, By applications, until 2026
Historical Data of Global Construction Equipment Market Revenues and Volume, By types, for the Period 2016-2019
Market Size & Forecast of Global Construction Equipment Market Revenues and Volume, By types, until 2026
Historical Data of North America Construction Equipment Market Revenues and Volume, for the Period 2016-2019
Market Size & Forecast of North America Construction Equipment Market Revenues and Volume, until 2026
Historical Data of Europe Construction Equipment Market Revenues and Volume, for the Period 2016-2019
Market Size & Forecast of Europe Construction Equipment Market Revenues and Volume, until 2026
Historical Data of Latin America Construction Equipment Market Revenues and Volume, for the Period 2016-2019
Market Size & Forecast of Latin America Construction Equipment Market Revenues and Volume, until 2026
Historical Data of Asia Pacific Construction Equipment Market Revenues and Volume, for the Period 2016-2019
Market Size & Forecast of Asia Pacific Construction Equipment Market Revenues and Volume, until 2026
Historical Data of the Middle East & Africa Construction Equipment Market Revenues and Volume, for the Period 2016-2019
Market Size & Forecast of the Middle East & Africa Construction Equipment Market Revenues and Volume, until 2026
Market Drivers and Restraints
Global Construction Equipment Market Trends and Industry Life Cycle
Porter's Five Force Analysis
Market Opportunity Assessment
Global Construction Equipment Market Share, By Players
Global Construction Equipment Market Overview on Competitive Benchmarking
Company Profiles
Key Strategic Recommendations

Markets Covered

The Global Construction Equipment Market report provides a detailed analysis of the following market segments:

By Types:
- Cranes
  - Mobile Cranes
  - Crawler Cranes
  - Tower Cranes
- Earthmoving Equipment
  - Loaders
  - Excavators
  - Motor Grader
- Aerial Work Equipment
  - Articulated Boom Lifts
  - Telescopic Boom Lifts
  - Scissor Lifts
- Material Handling Equipment
  - Telescopic Handlers
  - Forklifts
- Road Construction Equipment
  - Pavers
  - Road Rollers
- Dump Trucks
- Construction Tractor and Bulldozer
By Applications:
- Construction
- Oil & Gas
- Mining
- Others (Municipality, Road Construction)
By Regions:
- North America
- Europe
- Latin America
- Asia Pacific
- Middle East & Africa