Global Construction Equipment Market Size & Outlook
Global construction equipment market, 2021-2033 (US$M)
Related Markets
Global construction equipment market highlights
- The global construction equipment market generated a revenue of USD 242,172.0 million in 2025 and is expected to reach USD 471,248.0 million by 2033.
- The market is expected to grow at a CAGR (2026 - 2033) of 8.7% by 2033.
- In terms of segment, material handling machinery accounted for a revenue of USD 106,689.3 million in 2025.
- Material Handling Machinery is the most lucrative product segment registering the fastest growth during the forecast period.
- In terms of region, Asia Pacific was the largest revenue generating market in 2025.
- Country-wise, China is expected to register the highest CAGR from 2026 to 2033.
Global data book summary
| Market revenue in 2025 | USD 242,172.0 million |
| Market revenue in 2033 | USD 471,248.0 million |
| Growth rate | 8.7% (CAGR from 2026 to 2033) |
| Largest segment | Material handling machinery |
| Fastest growing segment | Material Handling Machinery |
| Historical data covered | 2021 - 2024 |
| Base year for estimation | 2025 |
| Forecast period covered | 2026 - 2033 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Earth Moving Machinery, Material Handling Machinery, Concrete and Road Construction Machinery |
Other key industry trends
- In terms of revenue, the North America accounted for 18.1% of the global construction equipment market in 2025.
- By country, the China is projected to lead the global market in terms of revenue in 2033.
- By country, China is the fastest growing regional market and is projected to reach USD 139,337.5 million by 2033.
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Construction Equipment Market Scope
Construction Equipment Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| XCMG Group | View profile | 10001+ | Xuzhou, Jiangsu, China, Asia | http://xcmg.com/ |
| XCMG | View profile | 11-50 | Santiago, Region Metropolitana, Chile, South America | https://xcmg.cl |
| JCB | View profile | 10001+ | Rocester, Hampshire, United Kingdom, Europe | https://www.jcb.com |
| Wacker Neuson SE | View profile | 6301 | Preussenstrasse 41, Munich, Germany, 80809 | https://www.wackerneusongroup.com |
| Sany Heavy Equipment International Holdings Co Ltd | View profile | 9324 | No. 25, 16 Kaifa Road, Economic and Technological Development Area, Liaoning Province, Shenyang, China, People's Republic of, 110000 | http://www.sanyhe.com |
| Kubota Corp | View profile | 65532 | 2-47, Shikitsuhigashi 1-Chome, Naniwa-ku, Osaka, Japan, 556-8601 | http://www.kubota.co.jp |
| Zoomlion Heavy Industry Science and Technology Co Ltd ADR | View profile | 30563 | No. 361, Yinpen South Road, Hunan Province, Changsha, China, People's Republic of, 410013 | https://en.zoomlion.com |
| Manitou BF SA | View profile | 5464 | 430, rue de l'Aubiniere, Ancenis, France, 44158 | http://www.manitou-group.com |
| Doosan Heavy Industries & Construction | View profile | 5001-10000 | Changwon, Kyongsang-namdo, South Korea, Asia | http://www.doosanheavy.com/ |
| Hyundai Motor Co | View profile | 73502 | 12, Heolleung-ro, Seocho-Gu, Seoul, Korea, Republic of | https://www.hyundai.com |
| Terex Corp | View profile | 10200 | 45 Glover Avenue, 4th Floor, Norwalk, CT, United States, 06850 | https://www.terex.com |
| Liebherr Group | View profile | 10001+ | Biberach An Der Riß, Baden-Wurttemberg, Germany, Europe | http://www.liebherr.com |
| Volvo AB ADR | View profile | 104905 | Gropegardsgatan 2, Gothenburg, Sweden, 417 15 | https://www.volvogroup.com |
| CNH Industrial NV | View profile | 40496 | Cranes Farm Road, Basildon, Essex, London, United Kingdom, SS14 3AD | https://www.cnhindustrial.com |
| Deere & Co | View profile | 83000 | One John Deere Place, Moline, IL, United States, 61265 | https://www.deere.com |
| Komatsu Ltd | View profile | 70608 | 3-6 Akasaka 2-chome, Minato-ku, Tokyo, Japan, 107-8414 | https://www.komatsu.jp |
| Caterpillar Inc | View profile | 121173 | 5205 N. O'Connor Boulevard, Suite 100, Irving, TX, United States, 75039 | https://www.caterpillar.com |
| Hitachi Ltd | View profile | 322525 | 6-6, Marunouchi 1-chome, Chiyoda-ku, Tokyo, Japan, 100-8280 | http://www.hitachi.com |
Global construction equipment market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to construction equipment market will help companies and investors design strategic landscapes.
Material handling machinery was the largest segment with a revenue share of 44.06% in 2025. Horizon Databook has segmented the Global construction equipment market based on earth moving machinery, material handling machinery, concrete and road construction machinery covering the revenue growth of each sub-segment from 2021 to 2033.
- Global Construction Equipment 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
- Excavators
- Material Handling Machinery
- Crawler Cranes
- Trailer Mounted Cranes
- Truck Mounted Cranes
- Forklift
- Concrete and Road Construction Machinery
- Concrete Mixer & Pavers
- Construction Pumps
- Others
- Earth Moving Machinery
- Global Construction Equipment Equipment Type Outlook (Revenue, USD Million, 2021-2033)
- Heavy Construction Equipment
- Compact Construction Equipment
- Global Construction Equipment Propulsion Type Outlook (Revenue, USD Million, 2021-2033)
- ICE
- Electric
- CNG/LNG
- Global Construction Equipment Power Output Outlook (Revenue, USD Million, 2021-2033)
- <100 HP
- 101-200 HP
- 201-400 HP
- >401 HP
- Global Construction Equipment Engine Capacity Outlook (Revenue, USD Million, 2021-2033)
- Up to 250 HP
- 250-500 HP
- More than 500 HP
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Target buyers of Global construction equipment market databook
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Our clientele includes a mix of construction equipment market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of global-level data and insights on the Global construction equipment market , including forecasts for subscribers. This global databook contains high-level insights into Global construction equipment market from 2021 to 2033, including revenue numbers, major trends, and company profiles.
Partial client list
Global construction equipment market size, by regions, 2021-2033 (US$M)
Top 10 countries: Construction equipment market size, 2022 (US$M)
Global construction equipment market share, by product, 2022 & 2030 (%, US$M)
Construction equipment market: Opportunity assessment by country
Global construction equipment market, by region, 2025 (US$M)
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