Report cover image

Global Heavy Construction Equipment Market Size Study, by Machinery Type (Earthmoving Equipment, Material Handling Equipment, Heavy Construction Vehicles), by Propulsion Type (Diesel, CNG/LNG/RNG, Electric), by Engine Capacity, by End Use Industry, and Re

Publisher Factview Research
Published Jun 27, 2025
Length 285 Pages
SKU # FAVR20179486

Description

The Global Heavy Construction Equipment Market, valued at approximately USD 209.4 billion in 2024, is anticipated to grow at a compound annual growth rate (CAGR) of 5.20% during the forecast period 2024 to 2034. Heavy construction equipment plays a pivotal role in infrastructure development, offering efficient solutions for earthmoving, material handling, and other critical construction tasks. With advancements in technology, these machines have evolved into multifunctional systems capable of operating in diverse environments, meeting the growing demands of urbanization, industrial expansion, and modernization projects.

The rising investments in infrastructure development, coupled with an increasing focus on renewable energy projects, are key drivers propelling the market. Governments worldwide are allocating significant budgets for transportation infrastructure, urban development, and smart city projects, thereby accelerating the demand for heavy construction equipment. Additionally, the growing adoption of advanced propulsion technologies, including electric and CNG-powered systems, reflects the industry's commitment to sustainability and reduced environmental impact.

As the market transitions, manufacturers are emphasizing innovations to enhance productivity and operator safety. Features such as telematics, autonomous operation, and real-time data monitoring are increasingly being integrated into equipment designs. Despite these advancements, challenges such as high initial investments and maintenance costs could potentially hinder market growth. Nonetheless, the expanding construction activities across emerging economies provide a robust growth trajectory, creating lucrative opportunities for key market players.

Regionally, North America continues to dominate the heavy construction equipment market, driven by robust industrialization, modernization initiatives, and stringent safety standards. Europe closely follows, supported by advanced technologies and a strong emphasis on sustainability. The Asia-Pacific region is poised to register the fastest growth, with increasing infrastructure projects in countries like China and India. Emerging economies in Latin America and the Middle East & Africa are also witnessing substantial market momentum due to ongoing development projects and industrial growth.

Major market players included in this report are:
  • Caterpillar Inc.
  • Komatsu Ltd.
  • Volvo Construction Equipment
  • Hitachi Construction Machinery Co., Ltd.
  • Liebherr Group
  • Terex Corporation
  • JCB
  • Hyundai Heavy Industries Co., Ltd.
  • Doosan Infracore Co., Ltd.
  • Sany Heavy Industry Co., Ltd.
  • CNH Industrial N.V.
  • Kubota Corporation
  • XCMG Group
  • John Deere
  • Zoomlion Heavy Industry Science & Technology Co., Ltd.
The detailed segments and sub-segment of the market are explained below:

By Machinery Type
  • Earthmoving Equipment
  • Material Handling Equipment
  • Heavy Construction Vehicles
By Propulsion Type
  • Diesel
  • CNG/LNG/RNG
  • Electric
By Engine Capacity
  • Low Capacity
  • Medium Capacity
  • High Capacity
By End Use Industry
  • Construction
  • Mining
  • Oil & Gas
  • Infrastructure
By Region:

North America
  • U.S.
  • Canada
Europe
  • UK
  • Germany
  • France
  • Spain
  • Italy
  • Rest of Europe
Asia-Pacific
  • China
  • India
  • Japan
  • Australia
  • South Korea
  • Rest of Asia-Pacific
Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
Middle East & Africa
  • Saudi Arabia
  • South Africa
  • Rest of Middle East & Africa
Years considered for the study are as follows:
  • Historical year – 2022
  • Base year – 2024
  • Forecast period – 2024 to 2034
Key Takeaways:
  • Market Estimates & Forecast for 10 years from 2022 to 2032.
  • Annualized revenues and regional-level analysis for each market segment.
  • Detailed analysis of geographical landscape with country-level analysis of major regions.
  • Competitive landscape with information on major players in the market.
  • Analysis of key business strategies and recommendations on future market approach.
  • Analysis of the competitive structure of the market.
  • Demand-side and supply-side analysis of the market.

Table of Contents

285 Pages
Chapter 1. Global Heavy Construction Equipment Market Executive Summary
1.1. Global Heavy Construction Equipment Market Size & Forecast (2024-2034)
1.2. Regional Summary
1.3. Segmental Summary
1.3.1. By Machinery Type
1.3.2. By Propulsion Type
1.3.3. By Engine Capacity
1.3.4. By End Use Industry
1.4. Key Trends
1.5. Recession Impact
1.6. Investment Analysis
1.7. Investment Rationale
1.8. Analyst Recommendation & Conclusion
Chapter 2. Global Heavy Construction Equipment Market Definition and Research Assumptions
2.1. Research Objective
2.2. Market Definition
2.3. Research Assumptions
2.3.1. Inclusion & Exclusion
2.3.2. Limitations
2.3.3. Supply Side Analysis
2.3.3.1. Availability
2.3.3.2. Infrastructure
2.3.3.3. Regulatory Environment
2.3.3.4. Market Competition
2.3.3.5. Economic Viability (Consumer’s Perspective)
2.3.4. Demand Side Analysis
2.3.4.1. Regulatory Frameworks
2.3.4.2. Technological Advancements
2.3.4.3. Environmental Considerations
2.3.4.4. Consumer Awareness & Acceptance
2.4. Estimation Methodology
2.5. Years Considered for the Study
2.6. Currency Conversion Rates
Chapter 3. Global Heavy Construction Equipment Market Dynamics
3.1. Market Drivers
3.1.1. Increasing Investments in Infrastructure Development
3.1.2. Adoption of Advanced Propulsion Technologies
3.1.3. Technological Innovations Enhancing Equipment Productivity and Safety
3.2. Market Challenges
3.2.1. High Initial Investments and Maintenance Costs
3.2.2. Competition from Alternative Materials and Technologies
3.3. Market Opportunities
3.3.1. Growth in Emerging Economies
3.3.2. Innovation in Sustainable and Eco-Friendly Equipment
3.3.3. Expansion of Smart City Projects and Urban Development Initiatives
Chapter 4. Global Heavy Construction Equipment Market Industry Analysis
4.1. Porter’s 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.1.6. Futuristic Approach to Porter’s 5 Force Model
4.1.7. Porter’s 5 Force Impact Analysis
4.2. PESTEL Analysis
4.2.1. Political
4.2.2. Economical
4.2.3. Social
4.2.4. Technological
4.2.5. Environmental
4.2.6. Legal
4.3. Top Investment Opportunities
4.4. Top Winning Strategies
4.5. Disruptive Trends
4.6. Industry Expert Perspective
4.7. Analyst Recommendation & Conclusion
Chapter 5. Global Heavy Construction Equipment Market Size & Forecasts by Machinery Type 2024-2034
5.1. Segment Dashboard
5.2. Global Heavy Construction Equipment Market: Machinery Type Revenue Trend Analysis, 2022 & 2032 (USD Million/Billion)
5.2.1. Earthmoving Equipment
5.2.2. Material Handling Equipment
5.2.3. Heavy Construction Vehicles
Chapter 6. Global Heavy Construction Equipment Market Size & Forecasts by Propulsion Type 2024-2034
6.1. Segment Dashboard
6.2. Global Heavy Construction Equipment Market: Propulsion Type Revenue Trend Analysis, 2022 & 2032 (USD Million/Billion)
6.2.1. Diesel
6.2.2. CNG/LNG/RNG
6.2.3. Electric
Chapter 7. Global Heavy Construction Equipment Market Size & Forecasts by Engine Capacity 2024-2034
7.1. Segment Dashboard
7.2. Global Heavy Construction Equipment Market: Engine Capacity Revenue Trend Analysis, 2022 & 2032 (USD Million/Billion)
7.2.1. Low Capacity
7.2.2. Medium Capacity
7.2.3. High Capacity
Chapter 8. Global Heavy Construction Equipment Market Size & Forecasts by End Use Industry 2024-2034
8.1. Segment Dashboard
8.2. Global Heavy Construction Equipment Market: End Use Industry Revenue Trend Analysis, 2022 & 2032 (USD Million/Billion)
8.2.1. Construction
8.2.2. Mining
8.2.3. Oil & Gas
8.2.4. Infrastructure
Chapter 9. Global Heavy Construction Equipment Market Size & Forecasts by Region 2024-2034
9.1. North America Heavy Construction Equipment Market
9.1.1. U.S. Heavy Construction Equipment Market
9.1.1.1. Machinery Type Breakdown Size & Forecasts, 2024-2034
9.1.1.2. Propulsion Type Breakdown Size & Forecasts, 2024-2034
9.1.1.3. Engine Capacity Breakdown Size & Forecasts, 2024-2034
9.1.1.4. End Use Industry Breakdown Size & Forecasts, 2024-2034
9.1.2. Canada Heavy Construction Equipment Market
9.2. Europe Heavy Construction Equipment Market
9.2.1. UK Heavy Construction Equipment Market
9.2.2. Germany Heavy Construction Equipment Market
9.2.3. France Heavy Construction Equipment Market
9.2.4. Spain Heavy Construction Equipment Market
9.2.5. Italy Heavy Construction Equipment Market
9.2.6. Rest of Europe Heavy Construction Equipment Market
9.3. Asia-Pacific Heavy Construction Equipment Market
9.3.1. China Heavy Construction Equipment Market
9.3.2. India Heavy Construction Equipment Market
9.3.3. Japan Heavy Construction Equipment Market
9.3.4. Australia Heavy Construction Equipment Market
9.3.5. South Korea Heavy Construction Equipment Market
9.3.6. Rest of Asia-Pacific Heavy Construction Equipment Market
9.4. Latin America Heavy Construction Equipment Market
9.4.1. Brazil Heavy Construction Equipment Market
9.4.2. Mexico Heavy Construction Equipment Market
9.4.3. Rest of Latin America Heavy Construction Equipment Market
9.5. Middle East & Africa Heavy Construction Equipment Market
9.5.1. Saudi Arabia Heavy Construction Equipment Market
9.5.2. South Africa Heavy Construction Equipment Market
9.5.3. Rest of Middle East & Africa Heavy Construction Equipment Market
Chapter 10. Competitive Intelligence
10.1. Key Company SWOT Analysis
10.1.1. Caterpillar Inc.
10.1.2. Komatsu Ltd.
10.1.3. Volvo Construction Equipment
10.2. Top Market Strategies
10.3. Company Profiles
10.3.1. Caterpillar Inc.
10.3.1.1. Key Information
10.3.1.2. Overview
10.3.1.3. Financial (Subject to Data Availability)
10.3.1.4. Product Summary
10.3.1.5. Market Strategies
10.3.2. Komatsu Ltd.
10.3.3. Volvo Construction Equipment
10.3.4. Hitachi Construction Machinery Co., Ltd.
10.3.5. Liebherr Group
10.3.6. Terex Corporation
10.3.7. JCB
10.3.8. Hyundai Heavy Industries Co., Ltd.
10.3.9. Doosan Infracore Co., Ltd.
10.3.10. Sany Heavy Industry Co., Ltd.
Chapter 11. Research Process
11.1. Research Process
11.1.1. Data Mining
11.1.2. Analysis
11.1.3. Market Estimation
11.1.4. Validation
11.1.5. Publishing
11.2. Research Attributes

Pricing

Currency Rates
How Do Licenses Work?

How Do Licenses Work?

The primary function of a report license is to define how many people within a company are authorized to use the purchased report. This is separate to how a report might be delivered. Unless specifically identified otherwise, the purchase option is Single User. Below is a helpful description of that license, along with a sampling of others most commonly offered.

  • This license allows only one user to have access to and to use/read the report. It is not one user at a time or one user group; it is an individual who will be reading and utilizing the report.

  • This license allows for the entire purchasing company to read and use the report. This is the license level that would allow for a report to be placed on an internal company shared drive for access by all employees of that direct company. This license does not extend to parent or sister company use.

  • This license is designed to allow an entire department within a company full access to a report. The departmental license is a great option for companies that have more than one location and the department is spread out all over the country/world

  • This license is for companies that have one location where they want the report to be accessible by all employees within that physical location.

  • This is the most flexible of the licensing options. Some publishers will allow you to get a license for a preset number of people (typically 5). These licenses are ideal for small work groups.

License options are at the discretion of each publisher. As such, not all licenses indicated above are available for every product. If you are uncertain of the best license for your needs or would like a license that is not proactively available, please contact us and we will be happy to assist.

Head shot

Questions or Comments?

Our team has the ability to search within reports to verify it suits your needs. We can also help maximize your budget by finding sections of reports you can purchase.
Chat Now
Contact Us