The global construction equipment market is projected to grow from USD 149.78 billion in 2024 to USD 194.78 billion by 2030, registering a compound annual growth rate (CAGR) of 3.8%, according to a MarketsAndMarket analysis.

This expansion is driven by continuous infrastructure investments in the residential, non-residential, and commercial sectors, particularly in Asian countries.

Additionally, the trend towards the electrification of construction equipment in Europe and North America significantly contributes to market growth.

Earthmoving Equipment Segment

Earthmoving equipment dominates the market, accounting for over 65% of the market share in 2024.

This segment includes excavators (tracked and wheeled), loaders (backhoe and skid-steer), and motor graders.

Among these, excavators are the most widely used, with their demand continuing to grow due to their versatility and efficiency in various construction applications.

The Electrification Trend

A notable trend in the industry is the adoption of electric construction equipment powered by LFP (lithium iron phosphate) battery technology.

These batteries offer longer lifespans, require minimal maintenance, and are lighter.

Leading manufacturers such as Caterpillar (USA), XCMG (China), and Sany Group (China) are integrating LFP technology into their equipment.

For instance, Komatsu (Japan) offers electric excavators powered by LFP batteries, while Caterpillar produces electric wheel loaders using the same technology.

Automation and Robotics in Construction

Automation and the use of robots in construction are increasing, taking over repetitive and hazardous tasks such as masonry, material handling, and demolition.

The global construction robotics market is expected to grow at a CAGR of 19% between 2024 and 2033.

Over 70% of construction equipment manufacturers will offer robotic solutions for earthmoving, excavation, and grading.

The use of mobile robots for material transport and logistics on construction sites is expected to grow by 40% starting from 2023.

The Use of Drones in Site Monitoring

Drones are becoming essential tools for monitoring equipment and managing construction machinery.

In 2022, drones were used in 55% of construction projects, with higher adoption among large contractors (67%) compared to smaller ones (9%).

The construction drone market is projected to be valued at approximately USD 4.8 billion in 2024, reaching USD 6.2 billion by 2030.

Concrete Pumps and Equipment Segment

The demand for concrete pumps and associated equipment is expected to rise through 2025, driven by large-scale infrastructure projects and urban development.

This segment accounted for over 57% of the market share in 2017, indicating a strong demand for such equipment.

The Construction Market in Romania

In Romania, forecasts indicate a 3.5% decline in construction work volume in 2024.

By construction type, a 16.9% decline is expected in the building sector (including a 26.6% decrease in residential buildings and a 9.3% drop in non-residential buildings), while a 9.1% increase is anticipated in engineering constructions, including public infrastructure projects.

In 2025, the decline in building construction is expected to continue, with an average decrease of 1.7%.

However, the residential segment may see a 3.7% increase after two consecutive years of contraction by 15%-20%.

Conclusion

Between 2025 and 2030, the construction equipment market will be influenced by factors such as equipment electrification, automation, and the use of robotics, as well as continuous infrastructure investments, particularly in developing regions.

While certain local markets, such as Romania, may experience fluctuations, the global trend indicates sustained growth in the adoption of advanced technologies and the demand for efficient and sustainable construction equipment.

(Photo: AI Generator)