Product Code: 978-1-68038-118-4
Construction Equipment Market Summary
The global construction equipment market size was valued at USD 242.17 billion in 2025 and is projected to reach USD 471.25 billion by 2033, growing at a CAGR of 8.7% from 2026 to 2033. Rapid urbanization in developing countries, coupled with increasing government focus on upgrading the existing infrastructure, is expected to surge construction activities, which in turn is increasing demand for excavators, loaders, dump trucks, etc., for construction work.
Thus, increasing infrastructure development activities across the globe is anticipated to increase demand for earthmoving and material handling equipment, thereby driving the growth of the global construction equipment market.
Increasing government spending on upgrading the present infrastructure is responsible for increasing construction activities in developing countries. A country such as India is highly focused on enhancing the road infrastructure to facilitate the flawless transportation of resources. For instance, in June 2022, the Indian Minister of Road Transport and Highways announced the opening of 15 new national highway projects worth USD 1.7 billion in Patna and Hajipur in Bihar. For instance, in March 2023, the government of Singapore announced that it would commence the construction of new terminal 5 (T5) at Changi Airport in 2025. The T5 addition to the existing airport is focused on lowering the air passenger traffic at Changi Airport. This increasing road construction activity is increasing demand for material handling and road construction equipment, such as forklifts, pavers, dozers, etc., further supporting the growth of the global construction equipment market.
Technological integration with construction equipment is expected to favor market growth over the forecast period. OEMs have capitalized on this as an opportunity to launch new products and expand their customer base in the construction equipment market. For instance, in January 2023, John Deere announced the launch of farming and building equipment powered by batteries. The company states that when John Deere released new farming and building technologies, factors such as a growing population, dwindling amounts of arable land, and rising greenhouse gas emissions were all considered.
The high cost of product and contractor inclination towards adopting rental equipment are some significant factors expected to hamper the growth of the global construction equipment market. Contractors are inclined towards renting the construction equipment for the specified project's timeline, against being in charge of vehicle ownership. Construction equipment ownership ties up a significant amount of capital, impacting other business operations.
Global Construction Equipment Market Report Segmentation
The report forecasts revenue growth at global, regional, and at country level and provides an analysis on the latest trends in each of the sub-segments from 2021 to 2030. For this study, Grand View Research has segmented the global construction equipment market report on the basis of product, equipment type, propulsion type, power output, engine capacity, and region.
- Product Outlook (Revenue, USD Million, 2021 - 2033)
- Earth Moving Machinery
- Excavators
- Wheel
- Crawler
- Loaders
- Backhoe Loaders
- Skid Steer Loaders
- Crawler/Track Loaders
- Wheeled Loaders
- Dump Trucks
- Moto Graders
- Dozers
- Wheel
- Crawler
- Material Handling Machinery
- Crawler Cranes
- Trailer Mounted Cranes
- Truck Mounted Cranes
- Forklift
- Concrete and Road Construction Machinery
- Concrete Mixer & Pavers
- Construction Pumps
- Others
- Equipment Type Outlook (Revenue, USD Million, 2021 - 2033)
- Heavy Construction Equipment
- Compact Construction Equipment
- Propulsion Type Outlook (Revenue, USD Million, 2021 - 2033)
- ICE
- Electric
- CNG/LNG
- Engine Capacity Outlook (Revenue, USD Million, 2021 - 2033)
- Up to 250 HP
- 250-500 HP
- More than 500 HP
- Power Output Outlook (Revenue, USD Million, 2021 - 2033)
- <100 HP
- 101-200 HP
- 201-400 HP
- >401 HP
- Region Outlook (Revenue, USD Million, 2021 - 2033)
- North America
- Europe
- UK
- Germany
- France
- Italy
- Spain
- Asia Pacific
- China
- India
- Japan
- Australia
- South Korea
- Latin America
- Middle East & Africa (MEA)
- Saudi Arabia
- U.A.E.
- South Africa
Table of Contents
Chapter 1. Methodology and Scope
- 1.1. Market Segmentation and Scope
- 1.2. Research Methodology
- 1.2.1. Information Procurement
- 1.3. Information or Data Analysis
- 1.4. Methodology
- 1.5. Research Scope and Assumptions
- 1.6. Market Formulation & Validation
- 1.7. Country Based Segment Share Calculation
- 1.8. List of Data Sources
Chapter 2. Executive Summary
- 2.1. Market Outlook
- 2.2. Segment Outlook
- 2.3. Competitive Insights
Chapter 3. Construction Equipment Market Variables, Trends, & Scope
- 3.1. Market Lineage Outlook
- 3.2. Market Dynamics
- 3.2.1. Market Driver Analysis
- 3.2.2. Market Restraint Analysis
- 3.2.3. Industry Challenge
- 3.3. Construction Equipment Market Analysis Tools
- 3.3.1. Industry Analysis - Porter's
- 3.3.1.1. Bargaining power of the suppliers
- 3.3.1.2. Bargaining power of the buyers
- 3.3.1.3. Threats of substitution
- 3.3.1.4. Threats from new entrants
- 3.3.1.5. Competitive rivalry
- 3.3.2. PESTEL Analysis
- 3.3.2.1. Political landscape
- 3.3.2.2. Economic landscape
- 3.3.2.3. Social landscape
- 3.3.2.4. Technological landscape
- 3.3.2.5. Environmental landscape
- 3.3.2.6. Legal landscape
Chapter 4. Construction Equipment Market: Product Estimates & Trend Analysis
- 4.1. Segment Dashboard
- 4.2. Construction Equipment Market: Product Movement Analysis, 2025 & 2033 (USD Million)
- 4.3. Earth Moving Machinery
- 4.3.1. Earth Moving Machinery Market Estimates and Forecast, 2021 - 2033 (USD Million)
- 4.3.2. Excavators
- 4.3.2.1. Excavators Market Estimates and Forecast, 2021 - 2033 (USD Million)
- 4.3.2.2. Wheel
- 4.3.2.2.1. Wheel Excavator Market Estimates and Forecast, 2021 - 2033 (USD Million)
- 4.3.2.3. Crawler
- 4.3.2.3.1. Crawler Market Estimates and Forecast, 2021 - 2033 (USD Million)
- 4.3.3. Loaders
- 4.3.3.1. Loaders Market Estimates and Forecast, 2021 - 2033 (USD Million)
- 4.3.3.2. Backhoe Loaders
- 4.3.3.2.1. Backhoe Loaders Market Estimates and Forecast, 2021 - 2033 (USD Million)
- 4.3.3.3. Skid Steer Loaders
- 4.3.3.3.1. Skid Steer Loaders Market Estimates and Forecast, 2021 - 2033 (USD Million)
- 4.3.3.4. Crawler/Truck Loaders
- 4.3.3.4.1. Crawler/Truck Loaders Market Estimates and Forecast, 2021 - 2033 (USD Million)
- 4.3.3.5. Wheeled
- 4.3.3.5.1. Wheeled Loaders Market Estimates and Forecast, 2021 - 2033 (USD Million)
- 4.3.4. Dump Trucks
- 4.3.4.1. Dump Trucks Market Estimates and Forecast, 2021 - 2033 (USD Million)
- 4.3.5. Moto Graders
- 4.3.5.1. Moto Graders Market Estimates and Forecast, 2021 - 2033 (USD Million)
- 4.3.6. Dozers
- 4.3.6.1. Dozers Market Estimates and Forecast, 2021 - 2033 (USD Million)
- 4.3.6.2. Wheel
- 4.3.6.2.1. Wheel Dozers Market Estimates and Forecast, 2021 - 2033 (USD Million)
- 4.3.6.3. Crawler
- 4.3.6.3.1. Crawler Dozers Market Estimates and Forecast, 2021 - 2033 (USD Million)
- 4.4. Material Handling Machinery
- 4.4.1. Material Handling Machinery Market Estimates and Forecast, 2021 - 2033 (USD Million)
- 4.4.2. Crawler Cranes
- 4.4.2.1. Crawler Cranes Market Estimates and Forecast, 2021 - 2033 (USD Million)
- 4.4.3. Trailer Mounted Cranes
- 4.4.3.1. Trailer Mounted Cranes Market Estimates and Forecast, 2021 - 2033 (USD Million)
- 4.4.4. Truck Mounted Cranes
- 4.4.4.1. Truck Mounted Cranes Market Estimates and Forecast, 2021 - 2033 (USD Million)
- 4.4.5. Forklift
- 4.4.5.1. Forklift Market Estimates and Forecast, 2021 - 2033 (USD Million)
- 4.5. Concrete and Road Construction Machinery
- 4.5.1. Concrete and Road Construction Machinery Market Estimates and Forecast, 2021 - 2033 (USD Million)
- 4.5.2. Concrete Mixer & Pavers
- 4.5.2.1. Concrete Mixer & Pavers Market Estimates and Forecast, 2021 - 2033 (USD Million)
- 4.5.3. Construction Pumps
- 4.5.3.1. Construction Pumps Market Estimates and Forecast, 2021 - 2033 (USD Million)
- 4.5.4. Others
- 4.5.4.1. Others Market Estimates and Forecast, 2021 - 2033 (USD Million)
Chapter 5. Construction Equipment Market: Propulsion Estimates & Trend Analysis
- 5.1. Segment Dashboard
- 5.2. Construction Equipment Market: Propulsion Movement Analysis, 2025 & 2033 (USD Million)
- 5.3. ICE
- 5.3.1. ICE Market Estimates and Forecast, 2021 - 2033 (USD Million)
- 5.4. Electric
- 5.4.1. Electric Market Estimates and Forecast, 2021 - 2033 (USD Million)
- 5.5. CNG/LNG
- 5.5.1. CNG/LNG Market Estimates and Forecast, 2021 - 2033 (USD Million)
Chapter 6. Construction Equipment Market: Equipment Type Estimates & Trend Analysis
- 6.1. Segment Dashboard
- 6.2. Construction Equipment Market: Equipment Type Movement Analysis, 2025 & 2033 (USD Million)
- 6.3. Heavy Construction Equipment
- 6.3.1. Heavy Construction Equipment Market Estimates and Forecast, 2021 - 2033 (USD Million)
- 6.4. Compact Construction Equipment
- 6.4.1. Compact Construction Equipment Market Estimates and Forecast, 2021 - 2033 (USD Million)
Chapter 7. Construction Equipment Market: Power Output Estimates & Trend Analysis
- 7.1. Segment Dashboard
- 7.2. Construction Equipment Market: Power Output Movement Analysis, 2025 & 2033 (USD Million)
- 7.3. <100 HP
- 7.3.1. <100 HP Market Estimates and Forecast, 2021 - 2033 (USD Million)
- 7.4. 101-200 HP
- 7.4.1. 101-200 HP Market Estimates and Forecast, 2021 - 2033 (USD Million)
- 7.5. 201-400 HP
- 7.5.1. 201-400 HP Market Estimates and Forecast, 2021 - 2033 (USD Million)
- 7.6. >401 HP
- 7.6.1. >401 HP Market Estimates and Forecast, 2021 - 2033 (USD Million)
Chapter 8. Construction Equipment Market: Engine Capacity Estimates & Trend Analysis
- 8.1. Segment Dashboard
- 8.2. Construction Equipment Market: Engine Capacity Movement Analysis, 2025 & 2033 (USD Million)
- 8.3. Up to 250 HP
- 8.3.1. Up to 250 HP Market Estimates and Forecast, 2021 - 2033 (USD Million)
- 8.4. 250-500 HP
- 8.4.1. 250-500 HP Market Estimates and Forecast, 2021 - 2033 (USD Million)
- 8.5. More than 500 HP
- 8.5.1. More than 500 HP Market Estimates and Forecast, 2021 - 2033 (USD Million)
Chapter 9. Construction Equipment Market: Regional Estimates & Trend Analysis
- 9.1. Construction Equipment Market Share, By Region, 2025 & 2033 (USD Million)
- 9.2. North America
- 9.2.1. North America Construction Equipment Market Estimates and Forecasts, 2021 - 2033 (USD Million)
- 9.2.2. U.S.
- 9.2.2.1. U.S. Construction Equipment Market Estimates and Forecasts, 2021 - 2033 (USD Million)
- 9.2.3. Canada
- 9.2.3.1. Canada Construction Equipment Market Estimates and Forecasts, 2021 - 2033 (USD Million)
- 9.2.4. Mexico
- 9.2.4.1. Mexico Construction Equipment Market Estimates and Forecasts, 2021 - 2033 (USD Million)
- 9.3. Europe
- 9.3.1. Europe Construction Equipment Market Estimates and Forecasts, 2021 - 2033 (USD Million)
- 9.3.2. UK
- 9.3.2.1. UK Construction Equipment Market Estimates and Forecasts, 2021 - 2033 (USD Million)
- 9.3.3. Germany
- 9.3.3.1. Germany Construction Equipment Market Estimates and Forecasts, 2021 - 2033 (USD Million)
- 9.3.4. France
- 9.3.4.1. France Construction Equipment Market Estimates and Forecasts, 2021 - 2033 (USD Million)
- 9.3.5. Italy
- 9.3.5.1. Italy Construction Equipment Market Estimates and Forecasts, 2021 - 2033 (USD Million)
- 9.3.6. Spain
- 9.3.6.1. Spain Construction Equipment Market Estimates and Forecasts, 2021 - 2033 (USD Million)
- 9.4. Asia Pacific
- 9.4.1. Asia Pacific Construction Equipment Market Estimates and Forecasts, 2021 - 2033 (USD Million)
- 9.4.2. China
- 9.4.2.1. China Construction Equipment Market Estimates and Forecasts, 2021 - 2033 (USD Million)
- 9.4.3. Japan
- 9.4.3.1. Japan Construction Equipment Market Estimates and Forecasts, 2021 - 2033 (USD Million)
- 9.4.4. India
- 9.4.4.1. India Construction Equipment Market Estimates and Forecasts, 2021 - 2033 (USD Million)
- 9.4.5. South Korea
- 9.4.5.1. South Korea Construction Equipment Market Estimates and Forecasts, 2021 - 2033 (USD Million)
- 9.4.6. Australia
- 9.4.6.1. Australia Construction Equipment Market Estimates and Forecasts, 2021 - 2033 (USD Million)
- 9.5. Latin America
- 9.5.1. Latin America Construction Equipment Market Estimates and Forecasts, 2021 - 2033 (USD Million)
- 9.5.2. Brazil
- 9.5.2.1. Brazil Construction Equipment Market Estimates and Forecasts, 2021 - 2033 (USD Million)
- 9.5.3. Argentina
- 9.5.3.1. Argentina Construction Equipment Market Estimates and Forecasts, 2021 - 2033 (USD Million)
- 9.6. Middle East and Africa
- 9.6.1. Middle East and Africa Construction Equipment Market Estimates and Forecasts, 2021 - 2033 (USD Million)
- 9.6.2. UAE
- 9.6.2.1. UAE Construction Equipment Market Estimates and Forecasts, 2021 - 2033 (USD Million)
- 9.6.3. KSA
- 9.6.3.1. KSA Construction Equipment Market Estimates and Forecasts, 2021 - 2033 (USD Million)
- 9.6.4. South Africa
- 9.6.4.1. South Africa Construction Equipment Market Estimates and Forecasts, 2021 - 2033 (USD Million)
Chapter 10. Competitive Landscape
- 10.1. Company Categorization
- 10.2. Company Market Positioning
- 10.3. Company Heat Map Analysis
- 10.4. Company Profiles/Listing
- 10.4.1. Caterpillar, Inc.
- 10.4.1.1. Company Overview
- 10.4.1.2. Financial Performance
- 10.4.1.3. Product Benchmarking
- 10.4.1.4. Recent Developments
- 10.4.2. CNH Industrial America LLC
- 10.4.2.1. Company Overview
- 10.4.2.2. Financial Performance
- 10.4.2.3. Product Benchmarking
- 10.4.2.4. Recent Developments
- 10.4.3. Deere & Company
- 10.4.3.1. Company Overview
- 10.4.3.2. Financial Performance
- 10.4.3.3. Product Benchmarking
- 10.4.3.4. Recent Developments
- 10.4.4. Doosan Corporation
- 10.4.4.1. Company Overview
- 10.4.4.2. Financial Performance
- 10.4.4.3. Product Benchmarking
- 10.4.4.4. Recent Developments
- 10.4.5. Escorts Limited
- 10.4.5.1. Company Overview
- 10.4.5.2. Financial Performance
- 10.4.5.3. Product Benchmarking
- 10.4.5.4. Recent Developments
- 10.4.6. Hitachi Construction Machinery Co., Ltd.
- 10.4.6.1. Company Overview
- 10.4.6.2. Financial Performance
- 10.4.6.3. Product Benchmarking
- 10.4.6.4. Recent Developments
- 10.4.7. Hyundai Construction Equipment Co., Ltd.
- 10.4.7.1. Company Overview
- 10.4.7.2. Financial Performance
- 10.4.7.3. Product Benchmarking
- 10.4.7.4. Recent Developments
- 10.4.8. J C Bamford Excavators Ltd.
- 10.4.8.1. Company Overview
- 10.4.8.2. Financial Performance
- 10.4.8.3. Product Benchmarking
- 10.4.8.4. Recent Developments
- 10.4.9. Komatsu Ltd.
- 10.4.9.1. Company Overview
- 10.4.9.2. Financial Performance
- 10.4.9.3. Product Benchmarking
- 10.4.9.4. Recent Developments
- 10.4.10. KUBOTA Corporation
- 10.4.10.1. Company Overview
- 10.4.10.2. Financial Performance
- 10.4.10.3. Product Benchmarking
- 10.4.10.4. Recent Developments