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Construction Equipment Market to Reach USD 286.51 Billion by 2030

According to the "Construction Equipment Market" report by MarketsandMarkets, the global market is projected to grow from USD 202.30 billion in 2025 to USD 286.51 billion by 2030, at a CAGR of 5.0% during the forecast period (2025–2030).

Key Growth Drivers

One of the primary drivers expected to boost the construction equipment market is the increasing use of heavy equipment in the mining and construction sectors.

Advanced technology and automation have made construction operations safer, more productive, and more efficient. Notable technological innovations include:

360-degree camera systems to alert operators to nearby people or objects;
Grade control systems for excavators;
Transparent buckets;
On-board weighing systems for wheel loaders.

Top Market Players

Prominent industry players include:

Caterpillar (USA)
Liebherr AG (Germany)
Terex Corporation (USA)
Volvo Group (Sweden)
Komatsu (Japan)
Hitachi Construction Machinery Co., Ltd. (Japan)
SANY Heavy Industry Co., Ltd. (China)
HD Hyundai (South Korea)
XCMG Group (China)
CNH Industrial N.V. (UK)
J C Bamford Excavators Ltd (JCB) (UK)

Earthmoving Equipment Leads the Way

The earthmoving equipment segment is expected to witness significant growth in terms of market value. This segment represents the largest share of heavy construction machinery globally, used extensively in operations such as excavation and material loading.

These machines, which include motor graders, loaders (backhoe, skid steer), and excavators (tracked and wheeled), rely mainly on hydraulic drives to perform essential construction and mining tasks such as cutting, leveling, and rock or soil removal.

Asia-Pacific: The Largest Market Region

The Asia-Pacific region remains the largest market for construction equipment globally in terms of value. The dominance is driven by: