Construction equipment market was valued at $211.2 billion in 2024 and is projected to reach $361.6 billion by 2035, growing at a CAGR of 5.1% during the forecast period (2025-2035). Market growth is primarily supported by rising investments in infrastructure development, urban expansion, and large-scale construction projects across both developed and emerging economies. Increasing demand for earthmoving, material handling, and road construction equipment is reinforcing steady volume growth across residential, commercial, and industrial construction activities.
Browse the full report description of “Construction Equipment Market Size, Share & Trends Analysis Report By Machinery Type (Earth Moving Equipment (Cranes, Loader & Backhoe, Telescopic Handlers, Excavators, Motor Graders, and Others (Trencher)), Material Handling Equipment (Hoists, Conveyors, Forklifts, and Others (Industrial Trucks)), and Other Construction Equipment (Concrete Mixers, Road Rollers, Stone Crushers, Dumpers, Tippers & Trailers, and Others (Slurry Seal Machines)), and by Industry (Construction & Infrastructure, Manufacturing, Mining, and Others (Oil & Gas)), Forecast Period (2026-2035)” at https://www.omrglobal.com/industry-reports/construction-equipment-market
Ongoing modernization of construction fleets is further strengthening market momentum. Contractors are increasingly adopting advanced equipment to improve productivity, reduce operating costs, and enhance on-site efficiency. Technological advancements such as telematics, automation, and digitally enabled fleet management systems are gaining traction, enabling better equipment utilization and lifecycle management. In addition, expanding public infrastructure programs and private sector investments are sustaining long-term demand for high-capacity and specialized construction machinery.
Earthmoving equipment continues to account for the largest share of the market, supported by sustained demand from mining, excavation, and large infrastructure projects. Meanwhile, material handling and concrete equipment segments are benefiting from growth in urban construction and commercial development. Collectively, these factors are reinforcing a stable and positive outlook for the global construction equipment market.
Rising Construction Activity and Project Pipeline Supporting Construction Equipment Market Growth
According to the Construction Equipment Association (CEA), in January 2025, Sustained expansion in construction activity, as reflected by the UK PMI remaining above the expansion threshold, is supporting steady utilization of construction machinery across projects. A strong pipeline of large-scale developments, with the top 100 projects scheduled for 2025 generating £34 billion in work, is expected to translate into higher demand for earthmoving, material handling, and specialized equipment. Furthermore, the projected 2.5% increase in construction output in 2025 reinforces the need for fleet expansion and equipment replacement, while expectations of modest single-digit growth in equipment sales indicate a gradual market recovery and strengthening procurement activity across key construction segments.
Innovation Leaders Transforming the Construction Equipment Market
The key players in the construction equipment market include Caterpillar Inc., CNH Industrial NV, Komatsu Ltd., Liebherr Group, and Volvo Group, among others. These companies are driving innovation in ignition system technologies through the development of high-efficiency electronic and coil-on-plug designs, improved thermal and voltage performance, and enhanced durability, supporting evolving engine efficiency and emission compliance requirements across global automotive markets.
Market Coverage
Key questions addressed by the report.
Global Construction Equipment Market Report Segment
By Type
By Industry
Global Construction Equipment Market Report Segment by Region
North America
Europe
Asia-Pacific
Rest of the World
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