Construction Equipment Aftermarket

Global Construction Equipment Aftermarket Market to Reach US$31.3 Billion by 2030

The global market for Construction Equipment Aftermarket estimated at US$26.3 Billion in the year 2024, is expected to reach US$31.3 Billion by 2030, growing at a CAGR of 2.9% over the analysis period 2024-2030. Earthmoving & Roadbuilding Equipment, one of the segments analyzed in the report, is expected to record a 3.4% CAGR and reach US$16.5 Billion by the end of the analysis period. Growth in the Material Handling & Cranes segment is estimated at 2.5% CAGR over the analysis period.

The U.S. Market is Estimated at US$7.2 Billion While China is Forecast to Grow at 5.6% CAGR

The Construction Equipment Aftermarket market in the U.S. is estimated at US$7.2 Billion in the year 2024. China, the world`s second largest economy, is forecast to reach a projected market size of US$6.1 Billion by the year 2030 trailing a CAGR of 5.6% over the analysis period 2024-2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at a CAGR of 1.1% and 2.3% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 1.7% CAGR.

Construction Equipment Aftermarket – Key Trends & Drivers Summarized

Why Is the Aftermarket Sector Critical for Construction Equipment?

The construction equipment aftermarket has become a vital industry segment, providing essential parts, maintenance services, and support for heavy machinery. With rising equipment costs, construction firms are focusing on extending machine lifecycles through aftermarket solutions. From replacement components to specialized repair services, the aftermarket ecosystem is thriving as companies seek cost-effective alternatives to purchasing new equipment.

How Are Digital Platforms Enhancing Aftermarket Services?

The rise of e-commerce and digital platforms has transformed the construction equipment aftermarket. Online marketplaces now enable seamless procurement of spare parts, reducing downtime and improving supply chain efficiency. AI-driven predictive maintenance is also gaining traction, allowing companies to schedule repairs before machinery failures occur. Cloud-based asset management systems are further streamlining equipment tracking, ensuring timely maintenance and reducing operational disruptions.

What Role Do Sustainability and Remanufacturing Play?

Sustainability is a key focus in the construction equipment aftermarket, with manufacturers investing in remanufactured parts to reduce waste and carbon emissions. The growing preference for refurbished engines, hydraulic systems, and undercarriage components is making aftermarket solutions more attractive. Additionally, eco-friendly lubricants and biodegradable hydraulic fluids are being adopted to enhance machine performance while minimizing environmental impact.

What’s Driving Market Growth?

The growth in the construction equipment aftermarket is driven by several factors, including increasing demand for cost-efficient maintenance solutions, advancements in predictive maintenance technology, and the rise of digital spare parts procurement platforms. The expansion of infrastructure projects, coupled with the growing preference for rental equipment, is also fueling aftermarket demand. Additionally, regulatory mandates for equipment efficiency and emissions compliance are encouraging businesses to invest in advanced servicing and remanufacturing solutions.

SCOPE OF STUDY:

The report analyzes the Construction Equipment Aftermarket market in terms of units by the following Segments, and Geographic Regions/Countries:

Segments:
Equipment Type (Earthmoving and Roadbuilding Equipment, Material Handling and Cranes, Concrete Equipment); Distribution Channel (Offline Distribution Channel, Online Distribution Channel)

Geographic Regions/Countries:
World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; Spain; Russia; and Rest of Europe); Asia-Pacific (Australia; India; South Korea; and Rest of Asia-Pacific); Latin America (Argentina; Brazil; Mexico; and Rest of Latin America); Middle East (Iran; Israel; Saudi Arabia; United Arab Emirates; and Rest of Middle East); and Africa.

Select Competitors (Total 42 Featured) -

• Caterpillar Inc.
• CNH Industrial N.V.
• Doosan Infracore
• Hitachi Construction Machinery Co., Ltd.
• Hyundai Construction Equipment
• JCB Ltd.
• John Deere Construction & Forestry
• Kobelco Construction Machinery Co., Ltd.
• Komatsu Ltd.
• Kubota Corporation
• Liebherr Group
• Manitou Group
• Sany Group
• Sumitomo Construction Machinery Co., Ltd.
• Takeuchi Manufacturing Co., Ltd.
• Terex Corporation
• Volvo Construction Equipment
• Wacker Neuson SE
• XCMG Group
• Zoomlion Heavy Industry Science & Technology Co., Ltd.

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