Construction Equipment Market Research Reports & Industry Analysis

The construction sector in South Korea was valued at approximately US$166 billion in 2023 but experienced a decline of 6.7% compared to 2022, according to the Construction and Economy Research Institute of Korea (CERIK) and the Construction Association of Korea (CAK). The industry’s development inve ...

Portugal, situated in Southern Europe, has a well-established and expanding construction sector that plays a crucial role in its economic growth. The heavy construction equipment market in Portugal is influenced by multiple factors, including government infrastructure investments, rising real estate ...

The heavy construction equipment market in New Zealand is experiencing robust growth, propelled by government infrastructure initiatives, urbanization, and industrial development. Despite its relatively small population and geographic challenges, the country presents a distinctive market for heavy c ...

The heavy construction equipment market in the Czech Republic is demonstrating strong growth, fueled by continuous investments in infrastructure and construction projects. Positioned as a key manufacturing hub in Central Europe with a solid economic base, the country maintains steady demand for adva ...

The growth of Thailand’s heavy construction equipment market is driven by ongoing infrastructure investments, rapid urbanization, and the expansion of its industrial sector. The Thai government is a key driver of demand through its ambitious infrastructure development plans. Major projects include h ...

Switzerland, renowned for its stable economy, political security, and exceptional infrastructure, maintains a well-established and robust market for heavy construction equipment. This market is driven by continuous infrastructure upgrades, urban development, industrial growth, and rapid adoption of ...

Nigeria’s heavy construction equipment market is witnessing significant growth, propelled by the country’s ongoing infrastructure development, economic diversification efforts, and rising population. With a focus on modernizing infrastructure to meet the needs of its expanding population and reducin ...

The heavy construction equipment market in Indonesia is being driven primarily by rising infrastructure projects and increased government funding. In September 2024, the Millennium Challenge Corporation (MCC) and the Indonesian government announced a joint investment of US$649 million to support the ...

The heavy construction equipment market in Finland is poised for growth in the coming years, driven by increasing residential and commercial construction activities. A notable example is the completion of Helsinki Airport in 2023, one of the country’s largest development projects, which involved an ...

Colombia’s heavy construction equipment market is growing steadily, fueled by strategic government initiatives, expanding infrastructure, a thriving mining and energy sector, and rapid urbanization. The country’s economic progress, advantageous geographic location, and rich natural resources have cr ...

The BENELUX Heavy Construction Equipment market was worth US$ 3.70 billion in 2024 and is projected to reach US$ 6.20 billion by 2031; it is expected to register a CAGR of 7.70% from 2025 to 2031. Executive Summary and BENELUX Heavy Construction Equipment Market Analysis: The growth of the heavy con ...

The Heavy Construction Equipment Market size is expected to reach US$ 12.40 billion by 2031 from US$ 8.70 billion in 2024. The market is estimated to record a CAGR of 5.10% from 2024 to 2031. Executive Summary and Eastern Europe Heavy Construction Equipment Market Analysis: The heavy construction eq ...

The heavy construction equipment market in Turkey is experiencing strong growth, fueled by ongoing infrastructure development, economic expansion, and rapid urbanization. Turkey’s strategic position as a bridge between Europe and Asia, combined with its economic and political ambitions, is creating ...

The heavy construction equipment market in Singapore is largely propelled by several key factors tied to the nation’s infrastructure development, urbanization, and technological progress. These elements significantly boost the demand for construction machinery, including excavators, cranes, loaders, ...

Romania, situated in Eastern Europe, has a rapidly growing and dynamic construction sector that plays a vital role in its economic development. The country’s heavy construction equipment market is primarily driven by infrastructure development, urbanization, real estate projects, and a growing focus ...

As the leading economy in Central and Eastern Europe, Poland plays a central role in driving the region’s construction industry. The demand for heavy construction equipment in the country is fueled by a combination of large-scale infrastructure developments, dynamic residential and commercial real e ...

The construction equipment market in Malaysia is influenced by several factors, including rising demand for infrastructure, urbanization, industrial growth, and sustained government investment in development projects. Under the 12th Malaysia Plan (2021–2025), the government has launched numerous lar ...

The heavy construction equipment market in Denmark is witnessing steady growth driven by rising construction activities across the country. Equipment such as excavators, cranes, crawler cranes, and bulldozers are extensively utilized in various infrastructure development projects. Infrastructure dev ...

The heavy construction equipment market in the Philippines is witnessing robust growth, driven by large-scale infrastructure projects, rapid urbanization, and expanding industrial activity. A major catalyst for this growth is the government’s “Build, Build, Build” program, launched in 2016, which ai ...

Kuwait's heavy construction equipment market is rapidly expanding, driven by extensive infrastructure projects, economic diversification initiatives, and urban development. Demand for heavy machinery is fueled by both public investments and private sector activities as Kuwait works to modernize its ...

India’s infrastructure and construction industry has undergone remarkable growth and transformation in recent years, driven by the country’s rapid economic progress. The construction sector includes both real estate and urban development. The real estate segment covers offices, residential buildings ...

The construction equipment market in Greece plays a crucial role in supporting the country’s expanding infrastructure and real estate sectors. After a lengthy period of stagnation during the 2008–2015 economic crisis, the market has rebounded, driven by a surge in infrastructure projects, residentia ...

Australia’s construction sector is a vital part of the national economy, contributing significantly to employment, infrastructure development, and overall economic growth. The sector is broad, covering residential, commercial, industrial, and civil infrastructure projects. According to the Internati ...

The Middle-East & Africa Heavy Construction Equipment Market size is expected to reach US$ 22.00 million by 2031 from US$ 15.90 million in 2024. The market is estimated to record a CAGR of 4.90% from 2025 to 2031. Executive Summary and Middle-East & Africa Heavy Construction Equipment Market Analysi ...

The Africa Heavy Construction Equipment market was worth US$ 4.30 billion in 2024 and is projected to reach US$ 6.00 billion by 2031; it is expected to register a CAGR of 4.90% from 2025 to 2031. Executive Summary and Africa Heavy Construction Equipment Market Analysis: The heavy construction equipm ...