Construction Equipment Market Size, Share & Trends Analysis Report By Product (Earth Moving Machinery, Material Handling Machinery, Concrete & Road Construction Machinery), By Equipment Type, By Propulsion Type, By Power Output, By Engine Capacity, By Reg
Description
Construction Equipment Market Summary
The global construction equipment market size was valued at USD 242.17 billion in 2025 and is projected to reach USD 471.25 billion by 2033, growing at a CAGR of 8.7% from 2026 to 2033. Rapid urbanization in developing countries, coupled with increasing government focus on upgrading the existing infrastructure, is expected to surge construction activities, which in turn is increasing demand for excavators, loaders, dump trucks, etc., for construction work.
Thus, increasing infrastructure development activities across the globe is anticipated to increase demand for earthmoving and material handling equipment, thereby driving the growth of the global construction equipment market.
Increasing government spending on upgrading the present infrastructure is responsible for increasing construction activities in developing countries. A country such as India is highly focused on enhancing the road infrastructure to facilitate the flawless transportation of resources. For instance, in June 2022, the Indian Minister of Road Transport and Highways announced the opening of 15 new national highway projects worth USD 1.7 billion in Patna and Hajipur in Bihar. For instance, in March 2023, the government of Singapore announced that it would commence the construction of new terminal 5 (T5) at Changi Airport in 2025. The T5 addition to the existing airport is focused on lowering the air passenger traffic at Changi Airport. This increasing road construction activity is increasing demand for material handling and road construction equipment, such as forklifts, pavers, dozers, etc., further supporting the growth of the global construction equipment market.
Technological integration with construction equipment is expected to favor market growth over the forecast period. OEMs have capitalized on this as an opportunity to launch new products and expand their customer base in the construction equipment market. For instance, in January 2023, John Deere announced the launch of farming and building equipment powered by batteries. The company states that when John Deere released new farming and building technologies, factors such as a growing population, dwindling amounts of arable land, and rising greenhouse gas emissions were all considered.
The high cost of product and contractor inclination towards adopting rental equipment are some significant factors expected to hamper the growth of the global construction equipment market. Contractors are inclined towards renting the construction equipment for the specified project's timeline, against being in charge of vehicle ownership. Construction equipment ownership ties up a significant amount of capital, impacting other business operations.
Global Construction Equipment Market Report Segmentation
The report forecasts revenue growth at global, regional, and at country level and provides an analysis on the latest trends in each of the sub-segments from 2021 to 2030. For this study, Grand View Research has segmented the global construction equipment market report on the basis of product, equipment type, propulsion type, power output, engine capacity, and region.
The global construction equipment market size was valued at USD 242.17 billion in 2025 and is projected to reach USD 471.25 billion by 2033, growing at a CAGR of 8.7% from 2026 to 2033. Rapid urbanization in developing countries, coupled with increasing government focus on upgrading the existing infrastructure, is expected to surge construction activities, which in turn is increasing demand for excavators, loaders, dump trucks, etc., for construction work.
Thus, increasing infrastructure development activities across the globe is anticipated to increase demand for earthmoving and material handling equipment, thereby driving the growth of the global construction equipment market.
Increasing government spending on upgrading the present infrastructure is responsible for increasing construction activities in developing countries. A country such as India is highly focused on enhancing the road infrastructure to facilitate the flawless transportation of resources. For instance, in June 2022, the Indian Minister of Road Transport and Highways announced the opening of 15 new national highway projects worth USD 1.7 billion in Patna and Hajipur in Bihar. For instance, in March 2023, the government of Singapore announced that it would commence the construction of new terminal 5 (T5) at Changi Airport in 2025. The T5 addition to the existing airport is focused on lowering the air passenger traffic at Changi Airport. This increasing road construction activity is increasing demand for material handling and road construction equipment, such as forklifts, pavers, dozers, etc., further supporting the growth of the global construction equipment market.
Technological integration with construction equipment is expected to favor market growth over the forecast period. OEMs have capitalized on this as an opportunity to launch new products and expand their customer base in the construction equipment market. For instance, in January 2023, John Deere announced the launch of farming and building equipment powered by batteries. The company states that when John Deere released new farming and building technologies, factors such as a growing population, dwindling amounts of arable land, and rising greenhouse gas emissions were all considered.
The high cost of product and contractor inclination towards adopting rental equipment are some significant factors expected to hamper the growth of the global construction equipment market. Contractors are inclined towards renting the construction equipment for the specified project's timeline, against being in charge of vehicle ownership. Construction equipment ownership ties up a significant amount of capital, impacting other business operations.
Global Construction Equipment Market Report Segmentation
The report forecasts revenue growth at global, regional, and at country level and provides an analysis on the latest trends in each of the sub-segments from 2021 to 2030. For this study, Grand View Research has segmented the global construction equipment market report on the basis of product, equipment type, propulsion type, power output, engine capacity, and region.
- Product Outlook (Revenue, USD Million, 2021 - 2033)
- Earth Moving Machinery
- Excavators
- Wheel
- Crawler
- Loaders
- Backhoe Loaders
- Skid Steer Loaders
- Crawler/Track Loaders
- Wheeled Loaders
- Dump Trucks
- Moto Graders
- Dozers
- Wheel
- Crawler
- Material Handling Machinery
- Crawler Cranes
- Trailer Mounted Cranes
- Truck Mounted Cranes
- Forklift
- Concrete and Road Construction Machinery
- Concrete Mixer & Pavers
- Construction Pumps
- Others
- Equipment Type Outlook (Revenue, USD Million, 2021 - 2033)
- Heavy Construction Equipment
- Compact Construction Equipment
- Propulsion Type Outlook (Revenue, USD Million, 2021 - 2033)
- ICE
- Electric
- CNG/LNG
- Engine Capacity Outlook (Revenue, USD Million, 2021 - 2033)
- Up to 250 HP
- 250-500 HP
- More than 500 HP
- Power Output Outlook (Revenue, USD Million, 2021 - 2033)
- <100 HP
- 101-200 HP
- 201-400 HP
- >401 HP
- Region Outlook (Revenue, USD Million, 2021 - 2033)
- North America
- U.S.
- Canada
- Mexico
- Europe
- UK
- Germany
- France
- Italy
- Spain
- Asia Pacific
- China
- India
- Japan
- Australia
- South Korea
- Latin America
- Brazil
- Argentina
- Middle East & Africa (MEA)
- Saudi Arabia
- U.A.E.
- South Africa
Table of Contents
120 Pages
- Chapter 1. Methodology and Scope
- 1.1. Market Segmentation & Scope
- 1.2. Market Definition
- 1.3. Information Procurement
- 1.3.1. Purchased Database
- 1.3.2. GVR’s Internal Database
- 1.3.3. Secondary Types & Third-Party Perspectives
- 1.3.4. Primary Research
- 1.4. Information Analysis
- 1.4.1. Data Analysis Models
- 1.5. Market Type & Data Visualization
- 1.6. Data Validation & Publishing
- Chapter 2. Executive Summary
- 2.1. Market Insights
- 2.2. Segmental Outlook
- 2.3. Competitive Outlook
- Chapter 3. Recycled Polyethylene Terephthalate Market Variables, Trends & Scope
- 3.1. Market Lineage Outlook
- 3.1.1. Parent Market Outlook
- 3.2. Penetration & Growth Prospect Mapping
- 3.3. Industry Value Chain Analysis
- 3.3.1. Profit Margin Analysis of Key Value Chain Participants
- 3.3.2. Raw Material Trends
- 3.3.3. Raw Material Price Analysis
- 3.4. Technology Overview
- 3.4.1. Commercial Production Technology
- 3.4.2. Roadmap of Technology Advancement, 2021 to 2030
- 3.5. Sustainability Trends
- 3.5.1. Recycling and Circular Economy
- 3.6. Average Price Trend Analysis, 2021 to 2030 (USD/kg)
- 3.6.1. Key Factors Influencing Pricing
- 3.6.2. Supply Demand Gap Analysis
- 3.7. Regulatory Framework
- 3.7.1. Policies and Incentive Plans
- 3.7.2. Standards and Compliances
- 3.7.3. Regulatory Impact Analysis
- 3.8. Market Dynamics
- 3.8.1. Market Driver Analysis
- 3.8.2. Market Restraint Analysis
- 3.8.3. Industry Challenges
- 3.9. Porter’s Five Forces Analysis
- 3.9.1. Supplier Power
- 3.9.2. Buyer Power
- 3.9.3. Substitution Threat
- 3.9.4. Threat from New Entrants
- 3.9.5. Competitive Rivalry
- 3.10. PESTEL Analysis
- 3.10.1. Political Landscape
- 3.10.2. Economic Landscape
- 3.10.3. Social Landscape
- 3.10.4. Technological Landscape
- 3.10.5. Environmental Landscape
- 3.10.6. Legal Landscape
- Chapter 4. Recycled Polyethylene Terephthalate Market: Product Outlook Estimates & Forecasts
- 4.1. Clear
- 4.1.1. Market estimates and forecast, 2021 - 2033 (USD Million) (Kilotons)
- 4.2. Colored
- 4.2.1. Market estimates and forecast, 2021 - 2033 (USD Million) (Kilotons)
- Chapter 5. Recycled Polyethylene Terephthalate Market: End Use Outlook Estimates & Forecasts
- 5.1. Recycled Polyethylene Terephthalate Market: End Use Movement Analysis, 2025 & 2033
- 5.1.1. Fiber
- 5.1.1.1. Market estimates and forecast, 2021 - 2033 (USD Million) (Kilotons)
- 5.1.2. Sheet and Film
- 5.1.2.1. Market estimates and forecast, 2021 - 2033 (USD Million) (Kilotons)
- 5.1.3. Strapping
- 5.1.3.1. Market estimates and forecast, 2021 - 2033 (USD Million) (Kilotons)
- 5.1.4. Food & Beverage Containers and Bottles
- 5.1.4.1. Market estimates and forecast, 2021 - 2033 (USD Million) (Kilotons)
- 5.1.5. Non-Food Containers and Bottles
- 5.1.5.1. Market estimates and forecast, 2021 - 2033 (USD Million) (Kilotons)
- 5.1.6. Others
- 5.1.6.1. Market estimates and forecast, 2021 - 2033 (USD Million) (Kilotons)
- Chapter 6. Recycled Polyethylene Terephthalate Market Regional Outlook Estimates & Forecasts
- 6.1. Regional Snapshot
- 6.2. Recycled Polyethylene Terephthalate Market: Regional Movement Analysis, 2025 & 2033
- 6.3. North America
- 6.3.1. Market estimates and forecast, 2021 - 2033 (USD Million) (Kilotons)
- 6.3.2. Market estimates and forecast, by end use, 2021 - 2033 (USD Million) (Kilotons)
- 6.3.3. Market estimates and forecast, by product, 2021 - 2033 (USD Million) (Kilotons)
- 6.3.4. U.S.
- 6.3.4.1. Market estimates and forecast, 2021 - 2033 (USD Million) (Kilotons)
- 6.3.4.2. Market estimates and forecast, by end use, 2021 - 2033 (USD Million) (Kilotons)
- 6.3.4.3. Market estimates and forecast, by product, 2021 - 2033 (USD Million) (Kilotons)
- 6.3.5. Canada
- 6.3.5.1. Market estimates and forecast, 2021 - 2033 (USD Million) (Kilotons)
- 6.3.5.2. Market estimates and forecast, by end use, 2021 - 2033 (USD Million) (Kilotons)
- 6.3.5.3. Market estimates and forecast, by product, 2021 - 2033 (USD Million) (Kilotons)
- 6.3.6. Mexico
- 6.3.6.1. Market estimates and forecast, 2021 - 2033 (USD Million) (Kilotons)
- 6.3.6.2. Market estimates and forecast, by end use, 2021 - 2033 (USD Million) (Kilotons)
- 6.3.6.3. Market estimates and forecast, by product, 2021 - 2033 (USD Million) (Kilotons)
- 6.4. Europe
- 6.4.1. Market estimates and forecast, 2021 - 2033 (USD Million) (Kilotons)
- 6.4.2. Market estimates and forecast, by end use, 2021 - 2033 (USD Million) (Kilotons)
- 6.4.3. Market estimates and forecast, by product, 2021 - 2033 (USD Million) (Kilotons)
- 6.4.4. UK
- 6.4.4.1. Market estimates and forecast, 2021 - 2033 (USD Million) (Kilotons)
- 6.4.4.2. Market estimates and forecast, by end use, 2021 - 2033 (USD Million) (Kilotons)
- 6.4.4.3. Market estimates and forecast, by product, 2021 - 2033 (USD Million) (Kilotons)
- 6.4.5. Germany
- 6.4.5.1. Market estimates and forecast, 2021 - 2033 (USD Million) (Kilotons)
- 6.4.5.2. Market estimates and forecast, by end use, 2021 - 2033 (USD Million) (Kilotons)
- 6.4.5.3. Market estimates and forecast, by product, 2021 - 2033 (USD Million) (Kilotons)
- 6.4.6. France
- 6.4.6.1. Market estimates and forecast, 2021 - 2033 (USD Million) (Kilotons)
- 6.4.6.2. Market estimates and forecast, by end use, 2021 - 2033 (USD Million) (Kilotons)
- 6.4.6.3. Market estimates and forecast, by product, 2021 - 2033 (USD Million) (Kilotons)
- 6.4.7. Italy
- 6.4.7.1. Market estimates and forecast, 2021 - 2033 (USD Million) (Kilotons)
- 6.4.7.2. Market estimates and forecast, by end use, 2021 - 2033 (USD Million) (Kilotons)
- 6.4.7.3. Market estimates and forecast, by product, 2021 - 2033 (USD Million) (Kilotons)
- 6.4.8. Spain
- 6.4.8.1. Market estimates and forecast, 2021 - 2033 (USD Million) (Kilotons)
- 6.4.8.2. Market estimates and forecast, by end use, 2021 - 2033 (USD Million) (Kilotons)
- 6.4.8.3. Market estimates and forecast, by product, 2021 - 2033 (USD Million) (Kilotons)
- 6.4.9. Sweden
- 6.4.9.1. Market estimates and forecast, 2021 - 2033 (USD Million) (Kilotons)
- 6.4.9.2. Market estimates and forecast, by end use, 2021 - 2033 (USD Million) (Kilotons)
- 6.4.9.3. Market estimates and forecast, by product, 2021 - 2033 (USD Million) (Kilotons)
- 6.4.10. Poland
- 6.4.10.1. Market estimates and forecast, 2021 - 2033 (USD Million) (Kilotons)
- 6.4.10.2. Market estimates and forecast, by end use, 2021 - 2033 (USD Million) (Kilotons)
- 6.4.10.3. Market estimates and forecast, by product, 2021 - 2033 (USD Million) (Kilotons)
- 6.5. Asia Pacific
- 6.5.1. Market estimates and forecast, 2021 - 2033 (USD Million) (Kilotons)
- 6.5.2. Market estimates and forecast, by end use, 2021 - 2033 (USD Million) (Kilotons)
- 6.5.3. Market estimates and forecast, by product, 2021 - 2033 (USD Million) (Kilotons)
- 6.5.4. China
- 6.5.4.1. Market estimates and forecast, 2021 - 2033 (USD Million) (Kilotons)
- 6.5.4.2. Market estimates and forecast, by end use, 2021 - 2033 (USD Million) (Kilotons)
- 6.5.4.3. Market estimates and forecast, by product, 2021 - 2033 (USD Million) (Kilotons)
- 6.5.5. India
- 6.5.5.1. Market estimates and forecast, 2021 - 2033 (USD Million) (Kilotons)
- 6.5.5.2. Market estimates and forecast, by end use, 2021 - 2033 (USD Million) (Kilotons)
- 6.5.5.3. Market estimates and forecast, by product, 2021 - 2033 (USD Million) (Kilotons)
- 6.5.6. Japan
- 6.5.6.1. Market estimates and forecast, 2021 - 2033 (USD Million) (Kilotons)
- 6.5.6.2. Market estimates and forecast, by end use, 2021 - 2033 (USD Million) (Kilotons)
- 6.5.6.3. Market estimates and forecast, by product, 2021 - 2033 (USD Million) (Kilotons)
- 6.5.7. South Korea
- 6.5.7.1. Market estimates and forecast, 2021 - 2033 (USD Million) (Kilotons)
- 6.5.7.2. Market estimates and forecast, by end use, 2021 - 2033 (USD Million) (Kilotons)
- 6.5.7.3. Market estimates and forecast, by product, 2021 - 2033 (USD Million) (Kilotons)
- 6.5.8. Australia
- 6.5.8.1. Market estimates and forecast, 2021 - 2033 (USD Million) (Kilotons)
- 6.5.8.2. Market estimates and forecast, by end use, 2021 - 2033 (USD Million) (Kilotons)
- 6.5.8.3. Market estimates and forecast, by product, 2021 - 2033 (USD Million) (Kilotons)
- 6.5.9. Malaysia
- 6.5.9.1. Market estimates and forecast, 2021 - 2033 (USD Million) (Kilotons)
- 6.5.9.2. Market estimates and forecast, by end use, 2021 - 2033 (USD Million) (Kilotons)
- 6.5.9.3. Market estimates and forecast, by product, 2021 - 2033 (USD Million) (Kilotons)
- 6.5.10. Singapore
- 6.5.10.1. Market estimates and forecast, 2021 - 2033 (USD Million) (Kilotons)
- 6.5.10.2. Market estimates and forecast, by end use, 2021 - 2033 (USD Million) (Kilotons)
- 6.5.10.3. Market estimates and forecast, by product, 2021 - 2033 (USD Million) (Kilotons)
- 6.5.11. Thailand
- 6.5.11.1. Market estimates and forecast, 2021 - 2033 (USD Million) (Kilotons)
- 6.5.11.2. Market estimates and forecast, by end use, 2021 - 2033 (USD Million) (Kilotons)
- 6.5.11.3. Market estimates and forecast, by product, 2021 - 2033 (USD Million) (Kilotons)
- 6.5.12. Vietnam
- 6.5.12.1. Market estimates and forecast, 2021 - 2033 (USD Million) (Kilotons)
- 6.5.12.2. Market estimates and forecast, by end use, 2021 - 2033 (USD Million) (Kilotons)
- 6.5.12.3. Market estimates and forecast, by product, 2021 - 2033 (USD Million) (Kilotons)
- 6.6. Latin America
- 6.6.1. Market estimates and forecast, 2021 - 2033 (USD Million) (Kilotons)
- 6.6.2. Market estimates and forecast, by end use, 2021 - 2033 (USD Million) (Kilotons)
- 6.6.3. Market estimates and forecast, by product, 2021 - 2033 (USD Million) (Kilotons)
- 6.6.4. Brazil
- 6.6.4.1. Market estimates and forecast, 2021 - 2033 (USD Million) (Kilotons)
- 6.6.4.2. Market estimates and forecast, by end use, 2021 - 2033 (USD Million) (Kilotons)
- 6.6.4.3. Market estimates and forecast, by product, 2021 - 2033 (USD Million) (Kilotons)
- 6.6.5. Argentina
- 6.6.5.1. Market estimates and forecast, 2021 - 2033 (USD Million) (Kilotons)
- 6.6.5.2. Market estimates and forecast, by end use, 2021 - 2033 (USD Million) (Kilotons)
- 6.6.5.3. Market estimates and forecast, by product, 2021 - 2033 (USD Million) (Kilotons)
- 6.7. Middle East & Africa
- 6.7.1. Market estimates and forecast, 2021 - 2033 (USD Million) (Kilotons)
- 6.7.2. Market estimates and forecast, by end use, 2021 - 2033 (USD Million) (Kilotons)
- 6.7.3. Market estimates and forecast, by product, 2021 - 2033 (USD Million) (Kilotons)
- 6.7.4. Saudi Arabia
- 6.7.4.1. Market estimates and forecast, 2021 - 2033 (USD Million) (Kilotons)
- 6.7.4.2. Market estimates and forecast, by end use, 2021 - 2033 (USD Million) (Kilotons)
- 6.7.4.3. Market estimates and forecast, by product, 2021 - 2033 (USD Million) (Kilotons)
- 6.7.5. South Africa
- 6.7.5.1. Market estimates and forecast, 2021 - 2033 (USD Million) (Kilotons)
- 6.7.5.2. Market estimates and forecast, by end use, 2021 - 2033 (USD Million) (Kilotons)
- 6.7.5.3. Market estimates and forecast, by product, 2021 - 2033 (USD Million) (Kilotons)
- 6.7.6. UAE
- 6.7.6.1. Market estimates and forecast, 2021 - 2033 (USD Million) (Kilotons)
- 6.7.6.2. Market estimates and forecast, by end use, 2021 - 2033 (USD Million) (Kilotons)
- 6.7.6.3. Market estimates and forecast, by product, 2021 - 2033 (USD Million) (Kilotons)
- Chapter 7. Competitive Landscape
- 7.1. Recent Developments & Impact Analysis, By Key Market Participants
- 7.2. Vendor Landscape
- 7.2.1. Company categorization
- 7.2.2. List of Key Distributors and channel Partners
- 7.2.3. List of Potential Customers/End-users
- 7.3. Competitive Dynamics
- 7.3.1. Company Market Share Analysis & Market Positioning
- 7.3.2. Competitive Benchmarking
- 7.3.3. Strategy Mapping
- 7.3.4. Heat Map Analysis
- 7.4. Company Profiles/Listing
- 7.4.1. Placon
- 7.4.1.1. Participant’s overview
- 7.4.1.2. Financial performance
- 7.4.1.3. Product benchmarking
- 7.4.2. Clear Path Recycling LLC
- 7.4.2.1. Participant’s overview
- 7.4.2.2. Financial performance
- 7.4.2.3. Product benchmarking
- 7.4.3. Verdeco Recycling, Inc.
- 7.4.3.1. Participant’s overview
- 7.4.3.2. Financial performance
- 7.4.3.3. Product benchmarking
- 7.4.4. Indorama Ventures Public Ltd.
- 7.4.4.1. Participant’s overview
- 7.4.4.2. Financial performance
- 7.4.4.3. Product benchmarking
- 7.4.5. Zhejiang Anshun Pettechs Fibre Co., Ltd.
- 7.4.5.1. Participant’s overview
- 7.4.5.2. Financial performance
- 7.4.5.3. Product benchmarking
- 7.4.6. PolyQuest
- 7.4.6.1. Participant’s overview
- 7.4.6.2. Financial performance
- 7.4.6.3. Product benchmarking
- 7.4.7. Evergreen Plastics, Inc.
- 7.4.7.1. Participant’s overview
- 7.4.7.2. Financial performance
- 7.4.7.3. Product benchmarking
- 7.4.8. Phoenix Technologies
- 7.4.8.1. Participant’s overview
- 7.4.8.2. Financial performance
- 7.4.8.3. Product benchmarking
- 7.4.9. Libolon
- 7.4.9.1. Participant’s overview
- 7.4.9.2. Financial performance
- 7.4.9.3. Product benchmarking
- 7.4.10. Biffa
- 7.4.10.1. Participant’s overview
- 7.4.10.2. Financial performance
- 7.4.10.3. Product benchmarking
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