North America 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 Ind

The North America Construction Equipment Finance Market would witness market growth of 5.5% CAGR during the forecast period (2025-2032).

The US market dominated the North America Construction Equipment Finance Market by Country in 2024, and would continue to be a dominant market till 2032; thereby, achieving a market value of $25,326.2 million by 2032. The Canada market is experiencing a CAGR of 7.8% during (2025 - 2032). Additionally, The Mexico market would exhibit a CAGR of 6.5% during (2025 - 2032). The US and Canada led the North America Construction Equipment Finance Market by Country with a market share of 73.2% and 12.1% in 2024.

The North American market for financing construction equipment has changed from just lending money to offering full-service asset financing that includes managing the equipment's lifecycle. Investments in infrastructure, the building of data centers, and the digitalization of many industries are all driving growth. These things all create demand for heavy machinery without requiring a lot of money up front. OEM captive finance companies like Cat Financial are very important because they offer loans, leases, rentals, and protection plans that come with maintenance and service. The move toward modular, project-specific financing models and asset-management solutions shows that contractors need flexibility, efficiency, and the best possible total cost of ownership. Macroeconomic factors, such as higher interest rates and equipment prices, are also affecting creative financing methods and risk management based on the life cycle of a product.

There is a lot of competition in industry, including OEM captives, banks, and independent leasing companies. OEM-linked financiers have an advantage because they work with manufacturers and dealer networks to offer bundled solutions that include financing, servicing, and resale options. Independent lenders and banks compete on how flexible their prices are and how quickly they can underwrite loans. They often go after smaller contractors. Small and medium-sized businesses should focus on lifecycle value management, digital service integration, and expanding access. In general, competitive differentiation now relies less on interest rates and more on services that add value, protection of residual value, and making sure that equipment use and project needs are in line with each other.

Equipment Outlook

Based on Equipment, the market is segmented into Earthmoving Equipment, Material Handling Equipment, Compaction Equipment, Specialized Equipment and Other Equipment. Among various US Construction Equipment Finance Market by Equipment; The Earthmoving Equipment market achieved a market size of USD $7153.2 Million in 2024 and is expected to grow at a CAGR of 4.1 % during the forecast period. The Specialized Equipment market is predicted to experience a CAGR of 6.2% throughout the forecast period from (2025 - 2032).

Industry Outlook

Based on Industry, the market is segmented into Construction, Mining, Rental, Government and Other Industry. The Construction market segment dominated the Canada Construction Equipment Finance Market by Industry is expected to grow at a CAGR of 6.7 % during the forecast period thereby continuing its dominance until 2032. Also, The Government market is anticipated to grow as a CAGR of 8.4 % during the forecast period during (2025 - 2032).

Country Outlook

The U.S. construction equipment finance market underpins one of the world’s largest construction industries, with annual spending of around US$2.2 trillion in 2024. Financing—through loans, leases, and hire-purchase—enables contractors to acquire costly machinery without full upfront payment, with about 85% of construction firms using financing. Growth is driven by large-scale infrastructure spending, rising equipment prices, and digitalisation of financing processes such as online applications and telematics-based risk assessment. Trends include a shift toward leasing and rental models for better cash flow and flexibility. Competition is strong among OEM captive finance arms, independent leasing firms, and banks, with OEMs holding an edge by bundling financing with equipment sales and maintenance services.

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)

North America 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 Country

• US
• Canada
• Mexico
• Rest of North America

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