Construction Equipment Market: By Concrete Equipment, by Product, By Material, By Application and Geography  

Construction Equipment Market Size, Share, Growth, Trends, and Global Industry Analysis: By Concrete Equipment (Transit, Concrete Pumps Asphalt Pavers, Crushers, Mixers, Batching Plants,), by Product (Compaction Equipment, Excavators, Loaders, Earthmoving & Road Building Equipment Backhoes and Others), By Material (Handling & Cranes, Engineered Systems, Bulk Material Handling Equipment, Industrial Trucks, Storage & Handling Equipment), By Application (Potential, Price Trends)and Region  

construction equipment market size was valued at US$ 162 billion in 2023, and is expected to grow to US$ 229 billion by 2030, growing at a significant CAGR of 6.1% from 2024 -2030. Construction equipment is a type of machinery designed used for the purpose of performing construction operations. Such equipment is also used for various functions like grading, drilling, hauling, paving, and excavating. Different industries come under markets like oil & gas, construction & infrastructure, and manufacturing. Even if, the construction sector is low presently and affecting the sales of construction equipment, the market is anticipated to recover during the estimated period soon. The construction industry is slowing, which is harming new construction equipment sales; nevertheless, the market is likely to improve throughout the forecast period. The rising emphasis on public-private partnerships is expected to be one of the causes driving the growth (PPP).

These collaborations are defined as a joint venture between the government and the private sector for the construction of public infrastructure. There are several manufacturers entering into offering rental services to encourage the demand for construction equipment. Consequently, it will enable manufacturers to provide rental as well as leasing services. For example, Hyundai Construction Equipment firm provides such leasing and rental services to customers and this will drive the market growth. In spite of the negative impact of COVID-19 on the construction industry, it stated setting to recover traction by 2021 because of the government initiatives for augmenting as well as stabilizing the financial circumstance caused by COVID-19. US Transportation Department made an announcement of doing investment through the infrastructure to rebuild America discretionary grant program. As a result, this investment is evaluated to increase the construction equipment use and drive their demand in the market.   

Construction Equipment Market Summary

Study Period

2024-2030

Base Year

2023

CAGR

6.1%

Largest Market

Asia-Pacific

Fastest Growing Market

North America

Construction Equipment Market Dynamics

Construction equipment is machinery made specifically to carry out construction projects. Mechanically, construction equipment is strong and long-lasting. Construction equipment reduces the reliance on human labor and saves a significant amount of time and effort. The root cause of the construction equipment market's rapid expansion is the growing number of end-use applications for the equipment. Growing infrastructure development and building activity, particularly in developing nations, would provide lucrative growth possibilities for the construction equipment industry. Construction equipment demand would continue to rise as a result of rising industrialization and massive investments in the construction sector to meet industrial and residential infrastructure needs. The high expenses of investing in construction equipment, on the other hand, will represent a significant obstacle to the market's growth pace. The market's development potential will be further limited as machine oil prices rise.

Construction Equipment Market Segmentation Analysis

Report Benchmarks

Details

Report Study Period

2024-2030

Market Size in 2023

US$ 162 billion

Market Size in 2030

US$ 229 billion

Market CAGR

6.1%

By Concrete

  • Transit
  • Concrete Pumps Asphalt Pavers
  • Crushers
  • Mixers
  • Batching Plants

By Product

  • Compaction Equipment,
  • Excavators,
  • Loaders,
  • Earthmoving & Road Building Equipment Backhoes
  • Others

By Material

  • Engineered Systems,
  • Bulk Material Handling Equipment,
  • Industrial Trucks,
  • Storage & Handling Equipment

Key Features of the Report

  • The construction equipment market report provides granular level information about the market size, regional market share, historic market (2019 to 2023), and forecast (2024 to 2030)
  • The report covers in-detail insights into the competitor's overview, company share analysis, key market developments, and key strategies
  • The report outlines drivers, restraints, unmet needs, and trends that are currently affecting the market
  • The report tracks recent innovations, key developments and startup details that are actively working in the market
  • The report provides a plethora of information about market entry strategies, regulatory framework, and reimbursement scenario
  • The report analyses the impact of the socio-political environment through PESTLE Analysis and competition through Porter's Five Force Analysis in addition to recent technology advancements and innovations in the market

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Frequently Asked Questions

The construction equipment market size was valued at US$ 162 billion in 2023 and is set to reach US$ 229 billion by 2030 at a CAGR of 6.1%.

Caterpillar, AB Volvo, Komatsu Ltd., CNH Industrial N.V., Liebherr-International Deutschland GmbH, Hitachi Construction Machinery Co., Ltd.

North America is the fastest-growing region for the market

1. Executive Summary
2. Global Construction Equipment Market Introduction 
2.1.Global Construction Equipment Market  - Taxonomy
2.2.Global Construction Equipment Market  - Definitions
2.2.1.Concrete
2.2.2.Product
2.2.3.Material
2.2.4.Application
2.2.5.Region
3. Global Construction Equipment Market Dynamics
3.1. Drivers
3.2. Restraints
3.3. Opportunities/Unmet Needs of the Market
3.4. Trends
3.5. Product Landscape
3.6. New Product Launches
3.7. Impact of COVID 19 on Market
4. Global Construction Equipment Market Analysis, 2019 - 2023 and Forecast 2024 - 2030
4.1.  Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
4.2.  Year-Over-Year (Y-o-Y) Growth Analysis (%) 
4.3.  Market Opportunity Analysis 
5. Global Construction Equipment Market  By Concrete, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million)
5.1.  Equipment 
5.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
5.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
5.1.3. Market Opportunity Analysis 
5.2. Transit,
5.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
5.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
5.2.3. Market Opportunity Analysis 
5.3. Concrete Pumps
5.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
5.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
5.3.3. Market Opportunity Analysis 
5.4. Concrete Pumps
5.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
5.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
5.4.3. Market Opportunity Analysis 
5.5. Asphalt Pavers
5.5.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
5.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
5.5.3. Market Opportunity Analysis 
5.6. Crushers
5.6.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
5.6.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
5.6.3. Market Opportunity Analysis 
5.7. Mixers
5.7.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
5.7.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
5.7.3. Market Opportunity Analysis 
5.8. Batching Plants,
5.8.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
5.8.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
5.8.3. Market Opportunity Analysis 
6.Global Construction Equipment Market  By Product, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million)
6.1. Pulp & Paper
6.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
6.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
6.1.3. Market Opportunity Analysis 
6.2. Textile
6.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
6.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
6.2.3. Market Opportunity Analysis 
6.3. Mining
6.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
6.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
6.3.3. Market Opportunity Analysis 
6.4. Film & Foil Processing
6.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
6.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
6.4.3. Market Opportunity Analysis 
7.Global Construction Equipment Market  By Material, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million)
7.1. Handling & Cranes
7.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
7.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
7.1.3. Market Opportunity Analysis 
7.2. Engineered Systems
7.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
7.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
7.2.3. Market Opportunity Analysis 
7.3. Bulk Material Handling Equipment
7.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
7.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
7.3.3. Market Opportunity Analysis 
7.4. Industrial Trucks
7.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
7.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
7.4.3. Market Opportunity Analysis 
7.5. Storage & Handling Equipment
7.5.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
7.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
7.5.3. Market Opportunity Analysis 
8.Global Construction Equipment Market  By Application, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million)
8.1. Potential
8.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
8.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
8.1.3. Market Opportunity Analysis 
8.2. Price Trends
8.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
8.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
8.2.3. Market Opportunity Analysis 
9.Global Construction Equipment Market  By Region, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million)
9.1. North America
9.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
9.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
9.1.3. Market Opportunity Analysis 
9.2. Europe
9.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
9.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
9.2.3. Market Opportunity Analysis 
9.3. Asia Pacific (APAC)
9.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
9.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
9.3.3. Market Opportunity Analysis 
9.4. Middle East and Africa (MEA)
9.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
9.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
9.4.3. Market Opportunity Analysis 
9.5. Latin America
9.5.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
9.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
9.5.3. Market Opportunity Analysis 
10.North America Construction Equipment Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million)
10.1. Concrete Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
10.1.1. Equipment 
10.1.2.Transit,
10.1.3.Concrete Pumps
10.1.4.Concrete Pumps
10.1.5.Asphalt Pavers
10.1.6.Crushers
10.1.7.Mixers
10.1.8.Batching Plants,
10.2.  Product Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
10.2.1.Pulp & Paper
10.2.2.Textile
10.2.3.Mining
10.2.4.Film & Foil Processing
10.3.  Material Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
10.3.1.Handling & Cranes
10.3.2.Engineered Systems
10.3.3.Bulk Material Handling Equipment
10.3.4.Industrial Trucks
10.3.5.Storage & Handling Equipment
10.4.  Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
10.4.1.Potential
10.4.2.Price Trends
10.5.  Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
10.5.1.United States of America (USA)
10.5.2.Canada
11.Europe Construction Equipment Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million)
11.1. Concrete Analysis  and Forecast  by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
11.1.1. Equipment 
11.1.2.Transit,
11.1.3.Concrete Pumps
11.1.4.Concrete Pumps
11.1.5.Asphalt Pavers
11.1.6.Crushers
11.1.7.Mixers
11.1.8.Batching Plants,
11.2.  Product Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
11.2.1.Pulp & Paper
11.2.2.Textile
11.2.3.Mining
11.2.4.Film & Foil Processing
11.3.  Material Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
11.3.1.Handling & Cranes
11.3.2.Engineered Systems
11.3.3.Bulk Material Handling Equipment
11.3.4.Industrial Trucks
11.3.5.Storage & Handling Equipment
11.4.  Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
11.4.1.Potential
11.4.2.Price Trends
11.5.  Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
11.5.1.Germany
11.5.2.France
11.5.3.Italy
11.5.4.United Kingdom (UK)
11.5.5.Spain
12.Asia Pacific (APAC) Construction Equipment Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million)
12.1. Concrete Analysis  and Forecast  by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
12.1.1. Equipment 
12.1.2.Transit,
12.1.3.Concrete Pumps
12.1.4.Concrete Pumps
12.1.5.Asphalt Pavers
12.1.6.Crushers
12.1.7.Mixers
12.1.8.Batching Plants,
12.2.  Product Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
12.2.1.Pulp & Paper
12.2.2.Textile
12.2.3.Mining
12.2.4.Film & Foil Processing
12.3.  Material Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
12.3.1.Handling & Cranes
12.3.2.Engineered Systems
12.3.3.Bulk Material Handling Equipment
12.3.4.Industrial Trucks
12.3.5.Storage & Handling Equipment
12.4.  Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
12.4.1.Potential
12.4.2.Price Trends
12.5.  Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
12.5.1.China
12.5.2.India
12.5.3.Australia and New Zealand (ANZ)
12.5.4.Japan
12.5.5.Rest of APAC
13.Middle East and Africa (MEA) Construction Equipment Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million)
13.1. Concrete Analysis  and Forecast  by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
13.1.1. Equipment 
13.1.2.Transit,
13.1.3.Concrete Pumps
13.1.4.Concrete Pumps
13.1.5.Asphalt Pavers
13.1.6.Crushers
13.1.7.Mixers
13.1.8.Batching Plants,
13.2.  Product Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
13.2.1.Pulp & Paper
13.2.2.Textile
13.2.3.Mining
13.2.4.Film & Foil Processing
13.3.  Material Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
13.3.1.Handling & Cranes
13.3.2.Engineered Systems
13.3.3.Bulk Material Handling Equipment
13.3.4.Industrial Trucks
13.3.5.Storage & Handling Equipment
13.4.  Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
13.4.1.Potential
13.4.2.Price Trends
13.5.  Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
13.5.1.GCC Countries
13.5.2.South Africa
13.5.3.Rest of MEA
14.Latin America Construction Equipment Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million)
14.1. Concrete Analysis  and Forecast  by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
14.1.1. Equipment 
14.1.2.Transit,
14.1.3.Concrete Pumps
14.1.4.Concrete Pumps
14.1.5.Asphalt Pavers
14.1.6.Crushers
14.1.7.Mixers
14.1.8.Batching Plants,
14.2.  Product Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
14.2.1.Pulp & Paper
14.2.2.Textile
14.2.3.Mining
14.2.4.Film & Foil Processing
14.3.  Material Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
14.3.1.Handling & Cranes
14.3.2.Engineered Systems
14.3.3.Bulk Material Handling Equipment
14.3.4.Industrial Trucks
14.3.5.Storage & Handling Equipment
14.4.  Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
14.4.1.Potential
14.4.2.Price Trends
14.5.  Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
14.5.1.Brazil
14.5.2.Mexico
14.5.3.Rest of LA
15. Competition Landscape
15.1.  Market Player Profiles (Introduction, Brand/Product Sales, Financial Analysis, Product Offerings, Key Developments, Collaborations, M & A, Strategies, and SWOT Analysis) 
15.2.1.Caterpillar
15.2.2.AB Volvo
15.2.3.Komatsu Ltd.
15.2.4.CNH Industrial N.V.
15.2.5.Liebherr-International Deutschland GmbH
15.2.6.Hitachi Construction Machinery Co., Ltd.
15.2.7.Deere & Company
15.2.8.Zoomlion Heavy Industry Science&Technology Co., Ltd.
15.2.9.Sandvik AB
15.2.10.WIRTGEN GROUP
15.2.11.Ammann Group
15.2.12.The Manitowoc Company, Inc.
15.2.13.ASTEC INDUSTRIES, INC
15.2.14.Doosan Corporation
15.2.15.XCMG Group
15.2.16.Hyundai Heavy Industries Co., Ltd
15.2.17.SANY Group
16. Research Methodology 
17. Appendix and Abbreviations 

Key Market Players

  • Caterpillar
  • AB Volvo
  • Komatsu Ltd.
  • CNH Industrial N.V.
  • Liebherr-International Deutschland GmbH
  • Hitachi Construction Machinery Co., Ltd.
  • Terex Corporation
  • Deere & Company
  • Zoomlion Heavy Industry Science&Technology Co., Ltd.
  • Sandvik AB
  • WIRTGEN GROUP
  • Ammann Group
  • The Manitowoc Company, Inc.
  • ASTEC INDUSTRIES, INC
  • Doosan Corporation
  • XCMG Group
  • Hyundai Heavy Industries Co., Ltd
  • SANY Group

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