Construction Equipment Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032
Growth Factors of Construction Equipment Market
The global construction equipment market size was valued at USD 142.39 billion in 2022 and is projected to grow from USD 151.60 billion in 2023 to USD 237.66 billion by 2030, exhibiting a CAGR of 6.6% during the forecast period 2023 to 2030.
The COVID-19 pandemic significantly disrupted the global economy, with the construction industry bearing a heavy brunt. In Europe alone, about 60% of the equipment industry faced extensive impact due to pandemic-related closures. Construction activities faced partial or complete shutdowns, leading to significant setbacks in project timelines and overall market growth.
The construction equipment market is growing because people worldwide want better, more efficient machines for building. New equipment saves money on labor and operations and tracks progress using technology like ICT and IoT. Companies are introducing advanced machines that meet customer needs and address environmental issues.
A superb trend in the construction gadget market is the rise of apartment offerings, in particular in unexpectedly developing economies like China and India. According to CERA, there's a growing call for for condo offerings in those regions. Regional and nearby gamers are seizing this opportunity, expanding their presence and producing significant revenues. Major production firms are focusing on sectors like infrastructure, oil and gasoline, utilities, and commercial/residential construction for elevated profitability.
Comprehensive Analysis of Construction Equipment Market
Segmentation in the construction equipment market share runs the market beacuse it allows the companies to target precise customers with tailored offerings and solutions. The construction equipment market is divided by equipment type into earthmoving equipment, material handling equipment and cranes, concrete equipment, road building equipment, civil engineering equipment, crushing and screening equipment, and other equipment. It is also segmented by application into residential, commercial, and industrial uses.
Asia Pacific leads the development device market because of online retail and rental services are at the rise, whilst governments are investing heavily in infrastructure development and capital projects. China's consciousness of public infrastructure, renewable energy, and home construction fuels demand for construction machinery, contributing extensively to the vicinity's dominance.
Key players impact market size by investing in innovative systems, forming partnerships, and expanding product offerings. Through strategic acquisitions and collaborations, they enhance operations, scale sales, and broaden customer reach. Key players in the construction equipment market include Caterpillar Inc. (U.S.), Komatsu Ltd. (Japan), Doosan Infracore Co. Ltd. (South Korea), J.C. Bamford Excavators Ltd. (U.K.), Liebherr Group (Switzerland), CNH Industrial N.V. (U.K.), Hyundai Construction Equipment Co., Ltd. (South Korea), SANY Group (China), AB Volvo (Sweden).
In March 2023, Clairemont Equipment Company partnered with Komatsu to expand its attain in Los Angeles, improving their geographical presence and strengthening their role inside the market.
Segementation Table
Global Construction Equipment Market Scope
Study Period 2019-2030
Base Year 2022
Estimated Year 2023
Forecast Period 2023-2030
Historical Period 2019-2021
Growth Rate CAGR of 6.6% from 2023 to 2030
Unit Value (USD billion)
Segmentation By Equipment Type, Application, and Region
By Equipment Type Earthmoving Equipment
Material Handling Equipment & Cranes
Concrete Equipment
Road Building Equipment
Civil Engineering Equipment
Crushing and Screening Equipment
Other Equipment (Trailers)
By Application Residential
Commercial
Industrial
By Region North America (By Equipment Type, Application, and Country)
- U.S. (By Application)
- Canada (By Application)
Europe (By Equipment Type, Application, and Country)
- U.K. (By Application)
- Germany (By Application)
- France (By Application)
- Italy (By Application)
- Spain (By Application)
- Rest of Europe
Asia Pacific (By Equipment Type, Application, and Country)
- China (By Application)
- Japan (By Application)
- India (By Application)
- Southeast Asia (By Application)
- Rest of Asia Pacific
Latin America (By Equipment Type, Application, and Country)
- Brazil (By Application)
- Mexico (By Application)
- Rest of Latin America
Middle East & Africa (By Equipment Type, Application, and Country)
- G.C.C. (By Application)
- South Africa (By Application)
- Rest of Middle East & Africa
Please Note: It will take 5-6 business days to complete the report upon order confirmation.
- 1. Introduction
- 1.1. Definition, By Segment
- 1.2. Research Methodology/Approach
- 1.3. Data Sources
- 2. Executive Summary
- 3. Market Dynamics
- 3.1. Macro and Micro Economic Indicators
- 3.2. Drivers, Restraints, Opportunities and Trends
- 3.3. Impact of COVID-19
- 4. Competition Landscape
- 4.1. Business Strategies Adopted by Key Players
- 4.2. Consolidated SWOT Analysis of Key Players
- 4.3. Global Construction Equipment Market Key Players Market Share Insights and Analysis, 2022
- 5. Global Construction Equipment Market Size Estimates and Forecasts (Quantitative Data), By Segments, 2019-2030
- 5.1. Key Findings
- 5.2. By Equipment Type (USD)
- 5.2.1. Earthmoving Equipment
- 5.2.2. Material Handling Equipment & Cranes
- 5.2.3. Concrete Equipment
- 5.2.4. Road Building Equipment
- 5.2.5. Civil Engineering Equipment
- 5.2.6. Crushing and Screening Equipment
- 5.2.7. Other Equipment (Trailers, etc.)
- 5.3. By Application (USD)
- 5.3.1. Residential
- 5.3.2. Commercial
- 5.3.3. Industrial
- 5.4. By Region (USD)
- 5.4.1. North America
- 5.4.2. Europe
- 5.4.3. Asia Pacific
- 5.4.4. Latin America
- 5.4.5. Middle East and Africa
- 6. North America Construction Equipment Market Size Estimates and Forecasts (Quantitative Data), By Segments, 2019-2030
- 6.1. Key Findings
- 6.2. By Equipment Type (USD)
- 6.2.1. Earthmoving Equipment
- 6.2.2. Material Handling Equipment & Cranes
- 6.2.3. Concrete Equipment
- 6.2.4. Road Building Equipment
- 6.2.5. Civil Engineering Equipment
- 6.2.6. Crushing and Screening Equipment
- 6.2.7. Other Equipment (Trailers, etc.)
- 6.3. By Application (USD)
- 6.3.1. Residential
- 6.3.2. Commercial
- 6.3.3. Industrial
- 6.4. By Country (USD)
- 6.4.1. U.S.
- 6.4.1.1. By Application
- 6.4.1.1.1. Residential
- 6.4.1.1.2. Commercial
- 6.4.1.1.3. Industrial
- 6.4.2. Canada
- 6.4.2.1. By Application
- 6.4.2.1.1. Residential
- 6.4.2.1.2. Commercial
- 6.4.2.1.3. Industrial
- 7. Europe Construction Equipment Market Size Estimates and Forecasts (Quantitative Data), By Segments, 2019-2030
- 7.1. Key Findings
- 7.2. By Equipment Type (USD)
- 7.2.1. Earthmoving Equipment
- 7.2.2. Material Handling Equipment & Cranes
- 7.2.3. Concrete Equipment
- 7.2.4. Road Building Equipment
- 7.2.5. Civil Engineering Equipment
- 7.2.6. Crushing and Screening Equipment
- 7.2.7. Other Equipment (Trailers, etc.)
- 7.3. By Application (USD)
- 7.3.1. Residential
- 7.3.2. Commercial
- 7.3.3. Industrial
- 7.4. By Country (USD)
- 7.4.1. United Kingdom
- 7.4.1.1. By Application
- 7.4.1.1.1. Residential
- 7.4.1.1.2. Commercial
- 7.4.1.1.3. Industrial
- 7.4.2. Germany
- 7.4.2.1. By Application
- 7.4.2.1.1. Residential
- 7.4.2.1.2. Commercial
- 7.4.2.1.3. Industrial
- 7.4.3. France
- 7.4.3.1. By Application
- 7.4.3.1.1. Residential
- 7.4.3.1.2. Commercial
- 7.4.3.1.3. Industrial
- 7.4.4. Italy
- 7.4.4.1. By Application
- 7.4.4.1.1. Residential
- 7.4.4.1.2. Commercial
- 7.4.4.1.3. Industrial
- 7.4.5. Spain
- 7.4.5.1. By Application
- 7.4.5.1.1. Residential
- 7.4.5.1.2. Commercial
- 7.4.5.1.3. Industrial
- 7.4.6. Rest of Europe
- 8. Asia Pacific Construction Equipment Market Size Estimates and Forecasts (Quantitative Data), By Segments, 2019-2030
- 8.1. Key Findings
- 8.2. By Equipment Type (USD)
- 8.2.1. Earthmoving Equipment
- 8.2.2. Material Handling Equipment & Cranes
- 8.2.3. Concrete Equipment
- 8.2.4. Road Building Equipment
- 8.2.5. Civil Engineering Equipment
- 8.2.6. Crushing and Screening Equipment
- 8.2.7. Other Equipment (Trailers, etc.)
- 8.3. By Application (USD)
- 8.3.1. Residential
- 8.3.2. Commercial
- 8.3.3. Industrial
- 8.4. By Country (USD)
- 8.4.1. China
- 8.4.1.1. By Application
- 8.4.1.1.1. Residential
- 8.4.1.1.2. Commercial
- 8.4.1.1.3. Industrial
- 8.4.2. India
- 8.4.2.1. By Application
- 8.4.2.1.1. Residential
- 8.4.2.1.2. Commercial
- 8.4.2.1.3. Industrial
- 8.4.3. Japan
- 8.4.3.1. By Application
- 8.4.3.1.1. Residential
- 8.4.3.1.2. Commercial
- 8.4.3.1.3. Industrial
- 8.4.4. Southeast Asia
- 8.4.4.1. By Application
- 8.4.4.1.1. Residential
- 8.4.4.1.2. Commercial
- 8.4.4.1.3. Industrial
- 8.4.5. Rest of Asia Pacific
- 9. Middle East & Africa Construction Equipment Market Size Estimates and Forecasts (Quantitative Data), By Segments, 2019-2030
- 9.1. Key Findings
- 9.2. By Equipment Type (USD)
- 9.2.1. Earthmoving Equipment
- 9.2.2. Material Handling Equipment & Cranes
- 9.2.3. Concrete Equipment
- 9.2.4. Road Building Equipment
- 9.2.5. Civil Engineering Equipment
- 9.2.6. Crushing and Screening Equipment
- 9.2.7. Other Equipment (Trailers, etc.)
- 9.3. By Application (USD)
- 9.3.1. Residential
- 9.3.2. Commercial
- 9.3.3. Industrial
- 9.4. By Country (USD)
- 9.4.1. South Africa
- 9.4.1.1. By Application
- 9.4.1.1.1. Residential
- 9.4.1.1.2. Commercial
- 9.4.1.1.3. Industrial
- 9.4.2. GCC
- 9.4.2.1. By Application
- 9.4.2.1.1. Residential
- 9.4.2.1.2. Commercial
- 9.4.2.1.3. Industrial
- 9.4.3. Rest of Middle East & Africa
- 10. Latin America Construction Equipment Market Size Estimates and Forecasts (Quantitative Data), By Segments, 2019-2030
- 10.1. Key Findings
- 10.2. By Equipment Type (USD)
- 10.2.1. Earthmoving Equipment
- 10.2.2. Material Handling Equipment & Cranes
- 10.2.3. Concrete Equipment
- 10.2.4. Road Building Equipment
- 10.2.5. Civil Engineering Equipment
- 10.2.6. Crushing and Screening Equipment
- 10.2.7. Other Equipment (Trailers, etc.)
- 10.3. By Application (USD)
- 10.3.1. Residential
- 10.3.2. Commercial
- 10.3.3. Industrial
- 10.4. By Country (USD)
- 10.4.1. Brazil
- 10.4.1.1. By Application
- 10.4.1.1.1. Residential
- 10.4.1.1.2. Commercial
- 10.4.1.1.3. Industrial
- 10.4.2. Mexico
- 10.4.2.1. By Application
- 10.4.2.1.1. Residential
- 10.4.2.1.2. Commercial
- 10.4.2.1.3. Industrial
- 10.4.3. Rest of Latin America
- 11. Company Profiles for Top 10 Players (Based on data availability in public domain and/or on paid databases)
- 11.1. AB Volvo
- 11.1.1. Overview
- 11.1.2. Offerings/Business Segments
- 11.1.3. Employee Size
- 11.1.4. Key Financials
- 11.1.5. Recent Developments
- 11.2. Caterpillar Inc.
- 11.2.1. Overview
- 11.2.2. Offerings/Business Segments
- 11.2.3. Employee Size
- 11.2.4. Key Financials
- 11.2.5. Recent Developments
- 11.3. Komatsu Ltd.
- 11.3.1. Overview
- 11.3.2. Offerings/Business Segments
- 11.3.3. Employee Size
- 11.3.4. Key Financials
- 11.3.5. Recent Developments
- 11.4. Doosan Corporation
- 11.4.1. Overview
- 11.4.2. Offerings/Business Segments
- 11.4.3. Employee Size
- 11.4.4. Key Financials
- 11.4.5. Recent Developments
- 11.5. Hitachi Construction Machinery Co., Ltd.
- 11.5.1. Overview
- 11.5.2. Offerings/Business Segments
- 11.5.3. Employee Size
- 11.5.4. Key Financials
- 11.5.5. Recent Developments
- 11.6. J.C. Bamford Excavators Limited
- 11.6.1. Overview
- 11.6.2. Offerings/Business Segments
- 11.6.3. Employee Size
- 11.6.4. Key Financials
- 11.6.5. Recent Developments
- 11.7. Liebherr Group
- 11.7.1. Overview
- 11.7.2. Offerings/Business Segments
- 11.7.3. Employee Size
- 11.7.4. Key Financials
- 11.7.5. Recent Developments
- 11.8. CNH Industrial N.V.
- 11.8.1. Overview
- 11.8.2. Offerings/Business Segments
- 11.8.3. Employee Size
- 11.8.4. Key Financials
- 11.8.5. Recent Developments
- 11.9. Hyundai Construction Equipment Co., Ltd.
- 11.9.1. Overview
- 11.9.2. Offerings/Business Segments
- 11.9.3. Employee Size
- 11.9.4. Key Financials
- 11.9.5. Recent Developments
- 11.10. SANY GROUP
- 11.10.1. Overview
- 11.10.2. Offerings/Business Segments
- 11.10.3. Employee Size
- 11.10.4. Key Financials
- 11.10.5. Recent Developments
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