Global Construction Equipment Finance Market Size, Share & Industry Analysis Report By Financing (Loans/Term Loans, Finance Leases/Capital Leases, Operating Leases/Rental Financing, Vendor/Dealer Financing and Other Financing), By Equipment, By Industry,

The Global Construction Equipment Finance Market size is expected to reach USD 144.91 billion by 2032, rising at a market growth of 6.1% CAGR during the forecast period.

Key Highlights:

• The Asia Pacific Construction Equipment Finance market dominated the Global Market in 2024, accounting for a 39.73% revenue share in 2024.
• The US Construction Equipment Finance market is expected to continue its dominance in North America region thereby reaching a market size of 25.32 billion by 2032.
• Among the various Financing type segments, the Loans/Term Loans dominated the Germany market contributing a revenue share of 33.24% in 2024.
• In terms of the Equipment segmentation, the Earthmoving Equipment segment is projected to dominate the United States market with the projected revenue share of 38.52% in 2032.
• Construction led the Germany Industry segments in 2024, capturing a 47.42% revenue share and is projected to continue its dominance during projected period.

The construction equipment finance market has developed into a sophisticated ecosystem of financing solutions that support equipment acquisition, operation, and lifecycle management. Construction equipment financing now includes hire-purchases, credit lines, and leases tailored to contractors’ cash-flow requirements. As equipment manufacturers (OEMs) like Caterpillar and others expanded worldwide, captive finance arms emerged, integrating equipment sales with maintenance and financial services. This model allows bundled protection, flexible payment options, and digital asset management while promoting stronger customer relationships. The construction equipment finance market’s growth has been accelerated by the surge in infrastructure projects across emerging economies, where financing has become an essential enabler for rental operators and contractors. Modern financing models now encompass telematics, allowing residual value guarantees, upgrade programs, and monitoring, transforming equipment finance into a lifecycle-based service.

The construction equipment finance market is predicted to expand, driven by elements including the increasing popularity of embedded and captive finance models as OEMs provide integrated, point-of-sale financing solutions to improve sales and customer loyalty. Further, contractors increasingly prefer flexible lease and rental-type arrangements with deferred or seasonal payments that align with project cycles, preserving cash flow and allowing fleet modernization. Data analytics and digitalization now underpin the industry, with finance providers using telematics to optimise residual value, assess risk, and design usage-based payment structures. Key market players like Caterpillar’s Cat Financial are adopting strategies that combine financing with digital asset management, expanding into emerging economies, and integrating data-driven risk models. OEM-captive finance units, specialist leasing companies, and banks are seeking advantage through regional finance solutions, digital innovation, and integrated service offerings.

COVID 19 Impact Analysis

The COVID-19 pandemic had a big effect on the global construction equipment finance market in 2020. The economy shrank by 3.2% and trade fell by 5.3%, which meant fewer equipment sales and delayed investments. Sales and profits for big companies like Caterpillar fell by 27% and 41%, respectively, which made it harder to get financing. Finance companies had fewer new loans, a lot of people putting off payments, and more people not paying back their loans. More than 90% of companies offered payment deferrals, and more than 75% expected more people to not pay back their loans. Supply chain problems, stopped projects, and a lack of workers made it even harder to deploy equipment and make payments. Overall, the sector had less demand, more credit risk, and less cash flow because of uncertainty around the world. Thus, the COVID-19 pandemic had a negative impact on the market.

Financing Outlook

Based on financing, the construction equipment finance market is characterized into loans/term loans, finance leases/capital leases, operating leases/rental financing, vendor/dealer financing, and others. The finance leases/capital leases segment attained 23% revenue share in the construction equipment finance market in 2024.  The finance-lease / capital-lease segment plays a key role for many companies when they wish to preserve cash flows yet still secure long-term access to equipment. OEM finance arms highlight that a “finance lease gives you long-term access to equipment with the option to purchase it when the lease ends”. This model is particularly aligned to organisations that prefer outright ownership eventually but wish to spread payments or gain tax or balance‐sheet benefits associated with leasing rather than a straight loan.

Equipment Outlook

On the basis of equipment, the construction equipment finance market is classified into earthmoving equipment, material handling equipment, compaction equipment, specialized equipment, and others. The material handling equipment segment recorded 24% revenue share in the construction equipment finance market in 2024.  Material handling equipment is another key category in equipment-finance portfolios. This covers forklifts, telehandlers, cranes, boom lifts and other equipment used for lifting, moving or transporting materials on site.

Regional Outlook

Region-wise, the Construction Equipment Finance Market is analyzed across North America, Europe, Asia Pacific, and LAMEA.  The Asia Pacific segment gained 40% revenue share in the construction equipment finance market in 2024. The construction equipment finance market is predicted to have prominent growth in North America and Europe. In North America, demand is increasing mainly by replacement cycles, vendor/captive financing, and fleet modernization, producing steady mid-single-digit market growth and making loans or term-loans the biggest financing segment. Further, in Europe, the accelerating replacement spending remains the main element where fleets must comply with emission and safety rules. This transition to rental and more flexible finance structures is supporting specialist lessors and OEM captive finance arms, leading to market expansion.

In the Asia Pacific and LAMEA regions, the construction equipment finance market is anticipated to grow at a substantial rate. The expansion is driven by urbanization, infrastructure investment, and fleet expansion in earthmoving and mining. Strong OEM activities, increasing vendor finance programs, and enhanced penetration of formal leasing make APAC the primary growth engine for captive finance providers. Moreover, the LAMEA market is expanding, driven by infrastructure, oil & gas government pipeline projects. In these regions, high demand for flexible terms, longer tenor solutions, and used equipment financing are allowing financiers to expand.

Recent Strategies Deployed in the Market

• Oct-2025: Caterpillar, Inc. announced the acquisition of RPMGlobal enhances its digital and fleet management capabilities across mining and construction sectors. This integration strengthens asset utilization, lifecycle management, and financing potential for heavy machinery, positioning Caterpillar to offer more comprehensive equipment finance solutions within the global construction equipment finance market.
• Oct-2025: First-Citizens Bank & Trust Company announced the acquisition of 138 BMO branches to expand its U.S. presence adding significant commercial and industrial loan assets. This acquisition strengthens its lending portfolio, including potential growth in equipment and construction financing, thereby enhancing its position in the broader commercial and equipment finance sector.
• Aug-2025: Caterpillar, Inc. teamed up with Hunt Energy Company, L.P. to supply power solutions for data centers to expand its infrastructure equipment portfolio. By leveraging advanced energy systems and heavy machinery financing, the collaboration supports construction and infrastructure development, reflecting the increasing intersection between equipment finance, power projects, and industrial construction markets.
• Jun-2025: Volvo Construction Equipment AB announced the acquisition of Swecon and divestment of SDLG will not disrupt its financing operations. The company ensured uninterrupted dealer and customer financing services, reaffirming its commitment to financial stability and continuous support within the global construction equipment finance market.
• Nov-2022: Hitachi Construction Machinery Co., Ltd. teamed up with ITOCHU Corporation and Tokyo Century Corporation to form the ZAXIS Financial Services Americas, LLC. This will provide finance solutions for construction equipment sales in North America, enabling competitive financing menus, rapid approvals and advancing the value‐chain business of the equipment manufacturer.
• Oct-2022: Volvo Construction Equipment AB unveiled an all-inclusive lease program for its electric compact models in North America. The initiative combines leasing, maintenance, repairs, and charger financing into one payment, promoting simplified financing solutions and supporting the transition to sustainable electric machinery in the construction equipment finance market.

List of Key Companies Profiled

• Caterpillar, Inc.
• Deere & Company
• Wells Fargo & Company
• Komatsu Ltd.
• CNH Industrial Capital (India) Private Limited (CNH Industrial N.V.)
• Liebherr-International AG
• First-Citizens Bank & Trust Company (First Citizens BancShares, Inc.)
• SANY Group
• Hitachi Construction Machinery Co., Ltd. (Hitachi, Ltd.)
• Volvo Construction Equipment AB (Volvo Group)

Global Construction Equipment Finance Market Report Segmentation

By Financing

• Loans/Term Loans
• Finance Leases/Capital Leases
• Operating Leases/Rental Financing
• Vendor/Dealer Financing
• Other Financing

By Equipment

• Earthmoving Equipment
• Material Handling Equipment
• Compaction Equipment
• Specialized Equipment
• Other Equipment

By Industry

• Construction
• Mining
• Rental
• Government
• Other Industry

By Geography

• North America
• US
• Canada
• Mexico
• Rest of North America
• Europe
• Germany
• UK
• France
• Russia
• Spain
• Italy
• Rest of Europe
• Asia Pacific
• China
• Japan
• India
• South Korea
• Singapore
• Malaysia
• Rest of Asia Pacific
• LAMEA
• Brazil
• Argentina
• UAE
• Saudi Arabia
• South Africa
• Nigeria
• Rest of LAMEA

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