CAGR Value :
The global construction equipment and heavy equipment market was valued at USD 151.72 billion in 2025 and is projected to reach USD 199.86 billion by 2032, exhibiting a CAGR of 4.1% during the forecast period.
Report Studies :
The market is experiencing steady growth driven by increasing infrastructure development, urbanization, and industrialization globally. Key factors contributing to this growth include rising investments in construction and infrastructure projects, particularly in emerging economies. Additionally, technological advancements in equipment, such as the integration of IoT and automation, are enhancing efficiency and productivity on construction sites. The market also benefits from government initiatives and investments in public infrastructure, such as roads, bridges, and railways. However, challenges such as high equipment costs and environmental regulations may pose constraints. Leading manufacturers like Caterpillar, Komatsu, and Volvo Construction Equipment are focusing on product innovation and sustainability to meet evolving customer demands and regulatory requirements.
By Types :
Earthmoving Equipment
Material Handling Equipment
Heavy Construction Vehicles
Others
By Applications :
Construction
Oil and Gas
Manufacturing
Others
Key Industry Players
• Caterpillar Inc.
• Liebherr
• Volvo Construction Equipment
• Komatsu Ltd.
• Hitachi Construction Machinery Co., Ltd.
• Hyundai Doosan Infracore
• J C Bamford Excavators Ltd (JCB)
• CNH Industrial N.V.
• John Deere
• Sany Group
• XCMG Group
• Terex Corporation
• Kubota Corporation
• Manitou Group
• Kobe Steel, Ltd. (Kobelco Construction Machinery)