Global & United States Heavy Construction Equipment Market to 2031
Description
In October 2024, the US Department of Transportation's Federal Highway Administration announced an investment of US$ 62 billion to power several projects as a part of the nation's infrastructure development in 2025. These investments were made from the Biden-Harris Administration's Bipartisan Infrastructure Law for creating bridges, building roads, and tunnel projects across all 50 states. This is expected to boost demand for heavy construction equipment for public works such as roads, bridges, and transit systems. Further, rapid urbanization and population growth with the burgeoning need for housing, urban development, and commercial spaces are also major driving factors for the heavy construction equipment market. Population growth, especially in urban areas, necessitates new infrastructure and housing developments.
Technological advancements by the major market players are creating ample opportunity for the heavy construction equipment market growth. For instance, in January 2025, Caterpillar Inc. launched the next generation of Cat Telehandlers for retailers and rental customers. The model names include the Cat TH0842, TH0642, TH1055, and TH1255, which replaced the previous models of TL642, TL943, TL1055, and TL1255 machines, respectively[PL1]. Rising automation, telematics, and digitalization in construction equipment are also creating significant growth avenues in the market. Innovations in electric and hybrid equipment are also becoming more popular as sustainability becomes a higher priority in the construction industry.
The US is also seeing growth in energy-related construction projects. According to the Department of Energy Government Organization Report, more than US$ 65 billion worth of investments were made to clean energy transmission and improve electric grids in the US. Thus, the demand for raw materials and energy resources (such as oil, gas, and minerals) is driving the need for heavy equipment in mining operations. Further, businesses prefer to lease this set of equipment instead of buying them to reduce capital expenditure, which is emerging a a new growth trend. Thus, the flourishing construction equipment leasing and rental businesses drive the heavy construction equipment market growth in the US.
Technological advancements by the major market players are creating ample opportunity for the heavy construction equipment market growth. For instance, in January 2025, Caterpillar Inc. launched the next generation of Cat Telehandlers for retailers and rental customers. The model names include the Cat TH0842, TH0642, TH1055, and TH1255, which replaced the previous models of TL642, TL943, TL1055, and TL1255 machines, respectively[PL1]. Rising automation, telematics, and digitalization in construction equipment are also creating significant growth avenues in the market. Innovations in electric and hybrid equipment are also becoming more popular as sustainability becomes a higher priority in the construction industry.
The US is also seeing growth in energy-related construction projects. According to the Department of Energy Government Organization Report, more than US$ 65 billion worth of investments were made to clean energy transmission and improve electric grids in the US. Thus, the demand for raw materials and energy resources (such as oil, gas, and minerals) is driving the need for heavy equipment in mining operations. Further, businesses prefer to lease this set of equipment instead of buying them to reduce capital expenditure, which is emerging a a new growth trend. Thus, the flourishing construction equipment leasing and rental businesses drive the heavy construction equipment market growth in the US.
Table of Contents
100 Pages
- 1. Introduction
- 1.1 Report Guidance
- 1.2 Market Segmentation
- 2. Executive Summary
- 2.1 Key Insights
- 3. Research Methodology
- 3.1 Secondary Research
- 3.2 Primary Research
- 3.2.1 Data Triangulation and Validation:
- 4. United States Heavy Construction Equipment Market Landscape
- 4.1 Overview
- 4.2 Ecosystem Analysis
- 4.2.1 List of Vendors in the Value Chain
- 5. Heavy Construction Equipment Market Key Market Dynamics
- 5.1 Heavy Construction Equipment Market – Key Market Dynamics
- 5.2 Market Drivers
- 5.3 Market Restraints
- 5.4 Market Opportunities
- 5.5 Future Trends
- 5.6 Impact of Drivers and Restraints
- 6. United States Heavy Construction Equipment Market – Analysis
- 6.1 United States Heavy Construction Equipment Market Revenue (US$ Million), 2021–2031
- 6.2 United States Heavy Construction Equipment Market Revenue and Forecast Analysis
- 7. United States Heavy Construction Equipment Market Analysis – by Type
- 7.1 United States Heavy Construction Equipment Market – Revenue and Forecast, 2021–2031 (US$ Million) – by Type
- 8. United States Heavy Construction Equipment Market Analysis – by Power Output
- 8.1 United States Heavy Construction Equipment Market – Revenue and Forecast, 2021–2031 (US$ Million) – by Power Output
- 9. United States Heavy Construction Equipment Market Analysis – by Propulsion Type
- 9.1 United States Heavy Construction Equipment Market – Revenue and Forecast, 2021–2031 (US$ Million) – by Propulsion Type
- 10. United States Heavy Construction Equipment Market Analysis – by End-use Industry
- 10.1 United States Heavy Construction Equipment Market – Revenue and Forecast, 2021–2031 (US$ Million) – by End-use Industry
- 11. Competitive Landscape
- 11.1 Heat Map Analysis by Key Players
- 11.1 Company Positioning and Concentration
- 12. Industry Landscape
- 12.1 Overview
- 12.2 Market Initiative
- 12.2 Partnerships and Collaborations
- 12.2 Other Developments
- 13. Company Profiles
- 13.1 AB Volvo
- 13.1. 1 Key Facts
- 13.1. 2 Business Description
- 13.1. 3 Products and Services
- 13.1. 4 Financial Overview
- 13.1. 5 SWOT Analysis
- 13.1. 6 Key Developments
- 13.2 Caterpillar Inc
- 13.2. 1 Key Facts
- 13.2. 2 Business Description
- 13.2. 3 Products and Services
- 13.2. 4 Financial Overview
- 13.2. 5 SWOT Analysis
- 13.2. 6 Key Developments
- 13.3 Komatsu Ltd
- 13.3. 1 Key Facts
- 13.3. 2 Business Description
- 13.3. 3 Products and Services
- 13.3. 4 Financial Overview
- 13.3. 5 SWOT Analysis
- 13.3. 6 Key Developments
- 13.4 Hitachi Construction Machinery Co Ltd
- 13.4. 1 Key Facts
- 13.4. 2 Business Description
- 13.4. 3 Products and Services
- 13.4. 4 Financial Overview
- 13.4. 5 SWOT Analysis
- 13.4. 6 Key Developments
- 13.5 Liebherr-International AG
- 13.5. 1 Key Facts
- 13.5. 2 Business Description
- 13.5. 3 Products and Services
- 13.5. 4 Financial Overview
- 13.5. 5 SWOT Analysis
- 13.5. 6 Key Developments
- 13.6 Terex Corp
- 13.6. 1 Key Facts
- 13.6. 2 Business Description
- 13.6. 3 Products and Services
- 13.6. 4 Financial Overview
- 13.6. 5 SWOT Analysis
- 13.6. 6 Key Developments
- 13.7 Doosan Corp
- 13.7. 1 Key Facts
- 13.7. 2 Business Description
- 13.7. 3 Products and Services
- 13.7. 4 Financial Overview
- 13.7. 5 SWOT Analysis
- 13.7. 6 Key Developments
- 13.8 Deere & Co
- 13.8. 1 Key Facts
- 13.8. 2 Business Description
- 13.8. 3 Products and Services
- 13.8. 4 Financial Overview
- 13.8. 5 SWOT Analysis
- 13.8. 6 Key Developments
- 13.9 Sany Heavy Industry Co Ltd
- 13.9. 1 Key Facts
- 13.9. 2 Business Description
- 13.9. 3 Products and Services
- 13.9. 4 Financial Overview
- 13.9. 5 SWOT Analysis
- 13.9. 6 Key Developments
- 13.10 J C Bamford Excavators Ltd
- 13.10. 1 Key Facts
- 13.10. 2 Business Description
- 13.10. 3 Products and Services
- 13.10. 4 Financial Overview
- 13.10. 5 SWOT Analysis
- 13.10. 6 Key Developments
- 13.11 Hyundai Engineering & Construction Co Ltd
- 13.11. 1 Key Facts
- 13.11. 2 Business Description
- 13.11. 3 Products and Services
- 13.11. 4 Financial Overview
- 13.11. 5 SWOT Analysis
- 13.11. 6 Key Developments
- 14. Appendix
- 14.1 About Business Market Insights
- 14.2 List of Abbreviations
- TABLE OF TABLES
- Table 1. United States Heavy Construction Equipment Market Segmentation
- Table 2. List of Vendors
- Table 3. United States Heavy Construction Equipment Market – Revenue, 2021–2024 (US$ Million)
- Table 4. United States Heavy Construction Equipment Market – Revenue Forecast, 2025–2031 (US$ Million)
- Table 5. United States Heavy Construction Equipment Market – Revenue, 2021–2024 (US$ Million) – by Type
- Table 6. United States Heavy Construction Equipment Market – Revenue Forecast, 2025–2031 (US$ Million) – by Type
- Table 7. United States Heavy Construction Equipment Market – Revenue, 2021–2024 (US$ Million) – by Power Output
- Table 8. United States Heavy Construction Equipment Market – Revenue Forecast, 2025–2031 (US$ Million) – by Power Output
- Table 9. United States Heavy Construction Equipment Market – Revenue, 2021–2024 (US$ Million) – by Propulsion Type
- Table 10. United States Heavy Construction Equipment Market – Revenue Forecast, 2025–2031 (US$ Million) – by Propulsion Type
- Table 11. United States Heavy Construction Equipment Market – Revenue, 2021–2024 (US$ Million) – by End-use Industry
- Table 12. United States Heavy Construction Equipment Market – Revenue Forecast, 2025–2031 (US$ Million) – by End-use Industry
- Table 13. List of Abbreviations
- TABLE OF FIGURES
- Figure 1. Impact Analysis of Drivers and Restraints
- Figure 2. United States Heavy Construction Equipment Market Revenue, (US$ Million), 2021–2031
- Figure 3. Heat Map Analysis by Key Players
- Figure 4. Company Positioning and Concentration
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