Canada Construction Equipment Market Size & Outlook
The construction equipment market in Canada is expected to reach a projected revenue of US$ 11,091.7 million by 2033. A compound annual growth rate of 6.84% is expected of Canada construction equipment market from 2026 to 2033.
Revenue, 2025 (US$M)
$6,556.2
Estimate, 2026 (US$M)
$6,980.1
Forecast, 2033 (US$M)
$11,091.7
CAGR, 2026 - 2033
6.8%
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Canada construction equipment market highlights
- The Canada construction equipment market generated a revenue of USD 6,556.2 million in 2025 and is expected to reach USD 11,091.7 million by 2033.
- The Canada market is expected to grow at a CAGR of 6.84% from 2026 to 2033.
- In terms of segment, material handling machinery was the largest revenue generating product in 2025.
- Material Handling Machinery is the most lucrative product segment registering the fastest growth during the forecast period.
Construction equipment market data book summary
| Market revenue in 2025 | USD 6,556.2 million |
| Market revenue in 2033 | USD 11,091.7 million |
| Growth rate | 6.84% (CAGR from 2026 to 2033) |
| Largest segment | Material handling machinery |
| Fastest growing segment | Material Handling Machinery |
| Historical data | 2021 - 2024 |
| Base year | 2025 |
| Forecast period | 2026 - 2033 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Earth Moving Machinery, Material Handling Machinery, Concrete and Road Construction Machinery |
| Key market players worldwide | Caterpillar Inc, CNH Industrial NV, Deere & Co, Doosan Heavy Industries & Construction, Kubota Corp, Hitachi Ltd, Hyundai Motor Co, Komatsu Ltd, Liebherr Group, Manitou BF SA, Sany Heavy Equipment International Holdings Co Ltd, Terex Corp, Volvo AB ADR, Wacker Neuson SE, Zoomlion Heavy Industry Science and Technology Co Ltd ADR, JCB, XCMG, XCMG Group |
Other key industry trends
- In terms of revenue, Canada accounted for 2.7% of the construction equipment market in 2025.
- Country-wise, China is expected to lead the global market in terms of revenue in 2033.
- In North America, U.S. construction equipment market is projected to lead the regional market in terms of revenue in 2033.
- U.S. is the fastest growing regional market in North America and is projected to reach USD 60,749.5 million by 2033.
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Publish Date: Jul 30, 2026
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Construction Equipment Market Scope
Construction Equipment Market segmentation & scope
Construction Equipment Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Hitachi Ltd | View profile | 322,525 | 6-6, Marunouchi 1-chome, Chiyoda-ku, Tokyo, Japan, 100-8280 | www.hitachi.com |
| Caterpillar Inc | View profile | 121,173 | 5205 N. O'Connor Boulevard, Suite 100, Irving, TX, United States, 75039 | www.caterpillar.com |
| Komatsu Ltd | View profile | 70,608 | 3-6 Akasaka 2-chome, Minato-ku, Tokyo, Japan, 107-8414 | www.komatsu.jp |
| Deere & Co | View profile | 83,000 | One John Deere Place, Moline, IL, United States, 61265 | www.deere.com |
| CNH Industrial NV | View profile | 40,496 | Cranes Farm Road, Basildon, Essex, London, United Kingdom, SS14 3AD | www.cnhindustrial.com |
| Volvo AB ADR | View profile | 104,905 | Gropegardsgatan 2, Gothenburg, Sweden, 417 15 | www.volvogroup.com |
| Liebherr Group | View profile | 10001+ | Biberach An Der Riß, Baden-Wurttemberg, Germany, Europe | www.liebherr.com |
| Terex Corp | View profile | 10,200 | 45 Glover Avenue, 4th Floor, Norwalk, CT, United States, 06850 | www.terex.com |
| Hyundai Motor Co | View profile | 73,502 | 12, Heolleung-ro, Seocho-Gu, Seoul, Korea, Republic of | www.hyundai.com |
| Doosan Heavy Industries & Construction | View profile | 5001-10000 | Changwon, Kyongsang-namdo, South Korea, Asia | www.doosanheavy.com/ |
Canada 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 Outlook will help companies and investors design strategic landscapes.
Material Handling Machinery was the largest segment with a revenue share of 43.37% in 2025.
Horizon Databook has segmented the Canada 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.
- Canada Construction Equipment Market Product Outlook (Revenue, USD Million , 2021-2033)
- Earth Moving Machinery
- Material Handling Machinery
- Concrete and Road Construction Machinery
- Canada Construction Equipment Market Equipment Type Outlook (Revenue, USD Million , 2021-2033)
- Heavy Construction Equipment
- Compact Construction Equipment
- Canada Construction Equipment Market Propulsion Type Outlook (Revenue, USD Million , 2021-2033)
- ICE
- Electric
- CNG/LNG
- Canada Construction Equipment Market Power Output Outlook (Revenue, USD Million , 2021-2033)
- <100 HP
- 101-200 HP
- 201-400 HP
- >401 HP
- Canada Construction Equipment Market Engine Capacity Outlook (Revenue, USD Million , 2021-2033)
- Up to 250 HP
- 250-500 HP
- More than 500 HP
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Horizon Databook provides a detailed overview of country-level data and insights on the Canada Construction Equipment Market Outlook, including forecasts for subscribers. This country databook contains high-level insights into Canada Construction Equipment Market Outlook from 2021 to 2033, including revenue numbers, major trends, and company profiles.
Canada Construction Equipment Market, 2021-2033 (US$M)
Canada construction equipment market statistics, by product, 2021-2033 (US$M)
