Report cover image

Construction Equipment Market by Product Type, End-Users, and Geography (North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa): Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2025 - 2032

Published Jul 29, 2025
Length 198 Pages
SKU # PERR20265807

Description

Persistence Market Research has recently released a comprehensive report on the worldwide market for construction equipment. The report offers a thorough assessment of crucial market dynamics, including drivers, trends, opportunities, and challenges, providing detailed insights into the market structure. This research publication presents exclusive data and statistics outlining the anticipated growth trajectory of the global construction equipment market from 2025 to 2032.

Key Insights:
  • Construction Equipment Market Size (2025E): USD 142.7 Billion
  • Projected Market Value (2032F): USD 232.2 Billion
  • Global Market Growth Rate (CAGR 2025 to 2032): 7.2%
Construction Equipment Market – Report Scope:

Construction equipment is integral to modern infrastructure development and includes machinery used for tasks such as excavation, grading, lifting, demolition, and material handling. This equipment encompasses a variety of machines including excavators, backhoe loaders, bulldozers, cranes, and road rollers. The construction equipment market caters to residential, commercial, industrial, and infrastructure sectors, with demand driven by urban expansion, increased infrastructure spending, and advancements in automation and telematics technologies.

Market Growth Drivers:

The global construction equipment market is fueled by robust infrastructure development initiatives across both emerging and developed economies. Governments are investing heavily in transportation, energy, and urban development projects, creating consistent demand for advanced construction machinery. In addition, the rise of smart city projects and the need for sustainable construction solutions are encouraging the adoption of electric and hybrid equipment. Technological innovations, including GPS tracking, real-time diagnostics, and autonomous operations, are further enhancing efficiency and safety, thereby accelerating market growth.

Market Restraints:

Despite favorable growth prospects, the market faces certain restraints such as high capital investments and fluctuating raw material prices. The substantial upfront cost of construction machinery limits accessibility for small and mid-sized enterprises. Additionally, economic instability, stringent emission norms, and regulatory delays in infrastructure projects can hinder market performance. Maintenance costs, operational complexity, and limited availability of skilled operators also pose challenges to sustained growth.

Market Opportunities:

The construction equipment market offers significant opportunities through technological integration, rental solutions, and expansion into untapped regions. The rising adoption of equipment rental services allows cost-effective access to modern machinery, particularly for short-term projects. Integration of digital technologies such as telematics, predictive maintenance, and Building Information Modeling (BIM) is reshaping operations and creating efficiency gains. Moreover, the increasing focus on electric and hybrid machinery, along with growing infrastructure development in Asia Pacific, Latin America, and Africa, presents ample growth potential for market participants.

Key Questions Answered in the Report:
  • What are the primary factors driving the growth of the construction equipment market globally?
  • Which equipment types and applications are fueling demand across various construction sectors?
  • How are technological innovations reshaping the competitive landscape of the construction equipment market?
  • Who are the key players influencing market development, and what strategic approaches are they adopting?
  • What are the emerging trends and long-term outlook for the global construction equipment industry?
Competitive Intelligence and Business Strategy:

These companies are investing heavily in electric and hybrid machinery, smart telematics systems, and modular designs to cater to evolving customer preferences and regulatory standards. Strategic alliances with technology providers and infrastructure developers are facilitating product diversification and global market penetration. In addition, many players are expanding their footprint in emerging markets through joint ventures, localized manufacturing, and digital platforms, reinforcing their market presence and service capabilities.

Key Companies Profiled:
  • Bobcat Company
  • CNH Industrial
  • Caterpillar Inc.
  • Deere & Company
  • Hitachi Construction Machinery
  • Hyundai Construction Equipment
  • JCB
  • Kobelco Construction Machinery
  • Komatsu Ltd.
  • Kubota Corporation
  • Liebherr Group
  • SANY Group
  • Sumitomo Construction Machinery
  • Volvo Construction Equipment
  • XCMG
Construction Equipment Market Research Segmentation:

The construction equipment market encompasses a broad spectrum of machinery, applications, and end-user industries, addressing infrastructure and industrial development needs worldwide.

By Equipment Type
  • Earthmoving Equipment
  • Excavators
  • Mini Excavators
  • Wheeled Excavators
  • Crawler Excavators
  • Loaders
  • Backhoe Loaders
  • Crawler & Tracked Loaders
  • Skid-steer Loaders
  • Wheeled Loaders
  • Dump Trucks
  • Rigid Dump Trucks
  • Articulated Dump Trucks
  • Motor Graders
  • Dozers
  • Trenchers
  • Material Handling Equipment
  • Cranes
  • Forklifts
  • Telescopic Handlers
  • Concrete and Road Construction Equipment
  • Concrete Mixer
  • Concrete Pump
  • Pavers
  • Road Reclaimers & Milling Machines
  • Other Construction Equipment
By Propulsion Type
  • Diesel
  • Upto 100 Hp
  • 101 to 400 Hp
  • Above 400 Hp
  • Electric
  • Hybrid
  • CNG/LNG
By End-use
  • Residential Construction
  • Commercial & Industrial Construction
  • Infrastructure
  • Misc.
By Region
  • North America
  • Europe
  • East Asia
  • South Asia and Oceania
  • Latin America
  • Middle East and Africa


Please Note: It will take 5 business days to complete the report upon order confirmation.

Table of Contents

198 Pages
1. Executive Summary
1.1. Global Construction Equipment Market Snapshot 2024 and 2032
1.2. Market Opportunity Assessment, 2025-2032, US$ Bn
1.3. Key Market Trends
1.4. Industry Developments and Key Market Events
1.5. Demand Side and Supply-Side Analysis
1.6. PMR Analysis and Recommendations
2. Market Overview
2.1. Market Scope and Definitions
2.2. Value Chain Analysis
2.3. Macro-Economic Factors
2.3.1. Global GDP Outlook
2.3.2. Global Construction Spending by Region
2.3.3. Global Construction Output by Sector
2.3.4. Urbanization and Population Growth Trends
2.3.5. Global Construction Equipment Sales by Region
2.3.6. Public vs Private Sector Investment in Construction
2.4. Forecast Factors – Relevance and Impact
2.5. COVID-19 Impact Assessment
2.6. PESTLE Analysis
2.7. Porter's Five Forces Analysis
2.8. Geopolitical Tensions: Market Impact
2.9. Regulatory and Technology Landscape
3. Market Dynamics
3.1. Drivers
3.2. Restraints
3.3. Opportunities
3.4. Trends
4. Price Trend Analysis, 2019-2032
4.1. Region-wise Price Analysis
4.2. Price by Segments
4.3. Price Impact Factors
5. Global Construction Equipment Market Outlook:
5.1. Key Highlights
5.2. Global Construction Equipment Market Outlook: Equipment Type
5.2.1. Introduction/Key Findings
5.2.2. Historical Market Size (US$ Bn) and Volume (Units) Analysis by Equipment Type, 2019-2024
5.2.3. Current Market Size (US$ Bn) and Volume (Units) Analysis and Forecast, by Equipment Type, 2025-2032
5.2.3.1. Earthmoving Equipment
5.2.3.1.1. Excavators
5.2.3.1.1.1. Mini Excavators
5.2.3.1.1.2. Wheeled Excavators
5.2.3.1.1.3. Crawler Excavators
5.2.3.1.2. Loaders
5.2.3.1.2.1. Backhoe Loaders
5.2.3.1.2.2. Crawler & Tracked Loaders
5.2.3.1.2.3. Skid-steer Loaders
5.2.3.1.2.4. Wheeled Loaders
5.2.3.1.3. Dump Trucks
5.2.3.1.3.1. Rigid Dump Trucks
5.2.3.1.3.2. Articulated Dump Trucks
5.2.3.1.4. Motor Graders
5.2.3.1.5. Dozers
5.2.3.1.6. Trenchers
5.2.3.2. Material Handling Equipment
5.2.3.2.1. Cranes
5.2.3.2.2. Forklifts
5.2.3.2.3. Telescopic Handlers
5.2.3.3. Concrete and Road Construction Equipment
5.2.3.3.1. Concrete Mixer
5.2.3.3.2. Concrete Pump
5.2.3.3.3. Pavers
5.2.3.3.4. Road Reclaimers & Milling Machines
5.2.3.4. Other Construction Equipment
5.2.4. Market Attractiveness Analysis: Equipment Type
5.3. Global Construction Equipment Market Outlook: Propulsion Type
5.3.1. Introduction/Key Findings
5.3.2. Historical Market Size (US$ Bn) and Volume (Units) Analysis by Propulsion Type, 2019-2024
5.3.3. Current Market Size (US$ Bn) and Volume (Units) Analysis and Forecast, by Propulsion Type, 2025-2032
5.3.3.1. Diesel
5.3.3.1.1. Upto 100 Hp
5.3.3.1.2. 101 to 400 Hp
5.3.3.1.3. Above 400 Hp
5.3.3.2. Electric
5.3.3.3. Hybrid
5.3.3.4. CNG/LNG
5.3.4. Market Attractiveness Analysis: Propulsion Type
5.4. Global Construction Equipment Market Outlook: End Use
5.4.1. Introduction/Key Findings
5.4.2. Historical Market Size (US$ Bn) and Volume (Units) Analysis by End Use, 2019-2024
5.4.3. Current Market Size (US$ Bn) and Volume (Units) Analysis and Forecast, by End Use, 2025-2032
5.4.3.1. Residential Construction
5.4.3.2. Commercial & Industrial Construction
5.4.3.3. Infrastructure
5.4.3.4. Misc.
5.4.4. Market Attractiveness Analysis: End Use
6. Global Construction Equipment Market Outlook: Region
6.1. Key Highlights
6.2. Historical Market Size (US$ Bn) and Volume (Units) Analysis by Region, 2019-2024
6.3. Current Market Size (US$ Bn) and Volume (Units) Analysis and Forecast, by Region, 2025-2032
6.3.1. North America
6.3.2. Europe
6.3.3. East Asia
6.3.4. South Asia & Oceania
6.3.5. Latin America
6.3.6. Middle East & Africa
6.4. Market Attractiveness Analysis: Region
7. North America Construction Equipment Market Outlook:
7.1. Key Highlights
7.2. Pricing Analysis
7.3. North America Market Size (US$ Bn) and Volume (Units) Analysis and Forecast, by Country, 2025-2032
7.3.1. U.S.
7.3.2. Canada
7.4. North America Market Size (US$ Bn) and Volume (Units) Analysis and Forecast, by Equipment Type, 2025-2032
7.4.1. Earthmoving Equipment
7.4.1.1. Excavators
7.4.1.1.1. Mini Excavators
7.4.1.1.2. Wheeled Excavators
7.4.1.1.3. Crawler Excavators
7.4.1.2. Loaders
7.4.1.2.1. Backhoe Loaders
7.4.1.2.2. Crawler & Tracked Loaders
7.4.1.2.3. Skid-steer Loaders
7.4.1.2.4. Wheeled Loaders
7.4.1.3. Dump Trucks
7.4.1.3.1. Rigid Dump Trucks
7.4.1.3.2. Articulated Dump Trucks
7.4.1.4. Motor Graders
7.4.1.5. Dozers
7.4.1.6. Trenchers
7.4.2. Material Handling Equipment
7.4.2.1. Cranes
7.4.2.2. Forklifts
7.4.2.3. Telescopic Handlers
7.4.3. Concrete and Road Construction Equipment
7.4.3.1. Concrete Mixer
7.4.3.2. Concrete Pump
7.4.3.3. Pavers
7.4.3.4. Road Reclaimers & Milling Machines
7.4.4. Other Construction Equipment
7.5. North America Market Size (US$ Bn) and Volume (Units) Analysis and Forecast, by Propulsion Type, 2025-2032
7.5.1. Diesel
7.5.1.1. Upto 100 Hp
7.5.1.2. 101 to 400 Hp
7.5.1.3. Above 400 Hp
7.5.2. Electric
7.5.3. Hybrid
7.5.4. CNG/LNG
7.6. North America Market Size (US$ Bn) and Volume (Units) Analysis and Forecast, by End Use, 2025-2032
7.6.1. Residential Construction
7.6.2. Commercial & Industrial Construction
7.6.3. Infrastructure
7.6.4. Misc.
8. Europe Construction Equipment Market Outlook:
8.1. Key Highlights
8.2. Pricing Analysis
8.3. Europe Market Size (US$ Bn) and Volume (Units) Analysis and Forecast, by Country, 2025-2032
8.3.1. Germany
8.3.2. Italy
8.3.3. France
8.3.4. U.K.
8.3.5. Spain
8.3.6. Russia
8.3.7. Rest of Europe
8.4. Europe Market Size (US$ Bn) and Volume (Units) Analysis and Forecast, by Equipment Type, 2025-2032
8.4.1. Earthmoving Equipment
8.4.1.1. Excavators
8.4.1.1.1. Mini Excavators
8.4.1.1.2. Wheeled Excavators
8.4.1.1.3. Crawler Excavators
8.4.1.2. Loaders
8.4.1.2.1. Backhoe Loaders
8.4.1.2.2. Crawler & Tracked Loaders
8.4.1.2.3. Skid-steer Loaders
8.4.1.2.4. Wheeled Loaders
8.4.1.3. Dump Trucks
8.4.1.3.1. Rigid Dump Trucks
8.4.1.3.2. Articulated Dump Trucks
8.4.1.4. Motor Graders
8.4.1.5. Dozers
8.4.1.6. Trenchers
8.4.2. Material Handling Equipment
8.4.2.1. Cranes
8.4.2.2. Forklifts
8.4.2.3. Telescopic Handlers
8.4.3. Concrete and Road Construction Equipment
8.4.3.1. Concrete Mixer
8.4.3.2. Concrete Pump
8.4.3.3. Pavers
8.4.3.4. Road Reclaimers & Milling Machines
8.4.4. Other Construction Equipment
8.5. Europe Market Size (US$ Bn) and Volume (Units) Analysis and Forecast, by Propulsion Type, 2025-2032
8.5.1. Diesel
8.5.1.1. Upto 100 Hp
8.5.1.2. 101 to 400 Hp
8.5.1.3. Above 400 Hp
8.5.2. Electric
8.5.3. Hybrid
8.5.4. CNG/LNG
8.6. Europe Market Size (US$ Bn) and Volume (Units) Analysis and Forecast, by End Use, 2025-2032
8.6.1. Residential Construction
8.6.2. Commercial & Industrial Construction
8.6.3. Infrastructure
8.6.4. Misc.
9. East Asia Construction Equipment Market Outlook:
9.1. Key Highlights
9.2. Pricing Analysis
9.3. East Asia Market Size (US$ Bn) and Volume (Units) Analysis and Forecast, by Country, 2025-2032
9.3.1. China
9.3.2. Japan
9.3.3. South Korea
9.4. East Asia Market Size (US$ Bn) and Volume (Units) Analysis and Forecast, by Equipment Type, 2025-2032
9.4.1. Earthmoving Equipment
9.4.1.1. Excavators
9.4.1.1.1. Mini Excavators
9.4.1.1.2. Wheeled Excavators
9.4.1.1.3. Crawler Excavators
9.4.1.2. Loaders
9.4.1.2.1. Backhoe Loaders
9.4.1.2.2. Crawler & Tracked Loaders
9.4.1.2.3. Skid-steer Loaders
9.4.1.2.4. Wheeled Loaders
9.4.1.3. Dump Trucks
9.4.1.3.1. Rigid Dump Trucks
9.4.1.3.2. Articulated Dump Trucks
9.4.1.4. Motor Graders
9.4.1.5. Dozers
9.4.1.6. Trenchers
9.4.2. Material Handling Equipment
9.4.2.1. Cranes
9.4.2.2. Forklifts
9.4.2.3. Telescopic Handlers
9.4.3. Concrete and Road Construction Equipment
9.4.3.1. Concrete Mixer
9.4.3.2. Concrete Pump
9.4.3.3. Pavers
9.4.3.4. Road Reclaimers & Milling Machines
9.4.4. Other Construction Equipment
9.5. East Asia Market Size (US$ Bn) and Volume (Units) Analysis and Forecast, by Propulsion Type, 2025-2032
9.5.1. Diesel
9.5.1.1. Upto 100 Hp
9.5.1.2. 101 to 400 Hp
9.5.1.3. Above 400 Hp
9.5.2. Electric
9.5.3. Hybrid
9.5.4. CNG/LNG
9.6. East Asia Market Size (US$ Bn) and Volume (Units) Analysis and Forecast, by End Use, 2025-2032
9.6.1. Residential Construction
9.6.2. Commercial & Industrial Construction
9.6.3. Infrastructure
9.6.4. Misc.
10. South Asia & Oceania Construction Equipment Market Outlook:
10.1. Key Highlights
10.2. Pricing Analysis
10.3. South Asia & Oceania Market Size (US$ Bn) and Volume (Units) Analysis and Forecast, by Country, 2025-2032
10.3.1. India
10.3.2. Southeast Asia
10.3.3. ANZ
10.3.4. Rest of SAO
10.4. South Asia & Oceania Market Size (US$ Bn) and Volume (Units) Analysis and Forecast, by Equipment Type, 2025-2032
10.4.1. Earthmoving Equipment
10.4.1.1. Excavators
10.4.1.1.1. Mini Excavators
10.4.1.1.2. Wheeled Excavators
10.4.1.1.3. Crawler Excavators
10.4.1.2. Loaders
10.4.1.2.1. Backhoe Loaders
10.4.1.2.2. Crawler & Tracked Loaders
10.4.1.2.3. Skid-steer Loaders
10.4.1.2.4. Wheeled Loaders
10.4.1.3. Dump Trucks
10.4.1.3.1. Rigid Dump Trucks
10.4.1.3.2. Articulated Dump Trucks
10.4.1.4. Motor Graders
10.4.1.5. Dozers
10.4.1.6. Trenchers
10.4.2. Material Handling Equipment
10.4.2.1. Cranes
10.4.2.2. Forklifts
10.4.2.3. Telescopic Handlers
10.4.3. Concrete and Road Construction Equipment
10.4.3.1. Concrete Mixer
10.4.3.2. Concrete Pump
10.4.3.3. Pavers
10.4.3.4. Road Reclaimers & Milling Machines
10.4.4. Other Construction Equipment
10.5. South Asia & Oceania Market Size (US$ Bn) and Volume (Units) Analysis and Forecast, by Propulsion Type, 2025-2032
10.5.1. Diesel
10.5.1.1. Upto 100 Hp
10.5.1.2. 101 to 400 Hp
10.5.1.3. Above 400 Hp
10.5.2. Electric
10.5.3. Hybrid
10.5.4. CNG/LNG
10.6. South Asia & Oceania Market Size (US$ Bn) and Volume (Units) Analysis and Forecast, by End Use, 2025-2032
10.6.1. Residential Construction
10.6.2. Commercial & Industrial Construction
10.6.3. Infrastructure
10.6.4. Misc.
11. Latin America Construction Equipment Market Outlook:
11.1. Key Highlights
11.2. Pricing Analysis
11.3. Latin America Market Size (US$ Bn) and Volume (Units) Analysis and Forecast, by Country, 2025-2032
11.3.1. Brazil
11.3.2. Mexico
11.3.3. Rest of LATAM
11.4. Latin America Market Size (US$ Bn) and Volume (Units) Analysis and Forecast, by Equipment Type, 2025-2032
11.4.1. Earthmoving Equipment
11.4.1.1. Excavators
11.4.1.1.1. Mini Excavators
11.4.1.1.2. Wheeled Excavators
11.4.1.1.3. Crawler Excavators
11.4.1.2. Loaders
11.4.1.2.1. Backhoe Loaders
11.4.1.2.2. Crawler & Tracked Loaders
11.4.1.2.3. Skid-steer Loaders
11.4.1.2.4. Wheeled Loaders
11.4.1.3. Dump Trucks
11.4.1.3.1. Rigid Dump Trucks
11.4.1.3.2. Articulated Dump Trucks
11.4.1.4. Motor Graders
11.4.1.5. Dozers
11.4.1.6. Trenchers
11.4.2. Material Handling Equipment
11.4.2.1. Cranes
11.4.2.2. Forklifts
11.4.2.3. Telescopic Handlers
11.4.3. Concrete and Road Construction Equipment
11.4.3.1. Concrete Mixer
11.4.3.2. Concrete Pump
11.4.3.3. Pavers
11.4.3.4. Road Reclaimers & Milling Machines
11.4.4. Other Construction Equipment
11.5. Latin America Market Size (US$ Bn) and Volume (Units) Analysis and Forecast, by Propulsion Type, 2025-2032
11.5.1. Diesel
11.5.1.1. Upto 100 Hp
11.5.1.2. 101 to 400 Hp
11.5.1.3. Above 400 Hp
11.5.2. Electric
11.5.3. Hybrid
11.5.4. CNG/LNG
11.6. Latin America Market Size (US$ Bn) and Volume (Units) Analysis and Forecast, by End Use, 2025-2032
11.6.1. Residential Construction
11.6.2. Commercial & Industrial Construction
11.6.3. Infrastructure
11.6.4. Misc.
12. Middle East & Africa Construction Equipment Market Outlook:
12.1. Key Highlights
12.2. Pricing Analysis
12.3. Middle East & Africa Market Size (US$ Bn) and Volume (Units) Analysis and Forecast, by Country, 2025-2032
12.3.1. GCC Countries
12.3.2. South Africa
12.3.3. Northern Africa
12.3.4. Rest of MEA
12.4. Middle East & Africa Market Size (US$ Bn) and Volume (Units) Analysis and Forecast, by Equipment Type, 2025-2032
12.4.1. Earthmoving Equipment
12.4.1.1. Excavators
12.4.1.1.1. Mini Excavators
12.4.1.1.2. Wheeled Excavators
12.4.1.1.3. Crawler Excavators
12.4.1.2. Loaders
12.4.1.2.1. Backhoe Loaders
12.4.1.2.2. Crawler & Tracked Loaders
12.4.1.2.3. Skid-steer Loaders
12.4.1.2.4. Wheeled Loaders
12.4.1.3. Dump Trucks
12.4.1.3.1. Rigid Dump Trucks
12.4.1.3.2. Articulated Dump Trucks
12.4.1.4. Motor Graders
12.4.1.5. Dozers
12.4.1.6. Trenchers
12.4.2. Material Handling Equipment
12.4.2.1. Cranes
12.4.2.2. Forklifts
12.4.2.3. Telescopic Handlers
12.4.3. Concrete and Road Construction Equipment
12.4.3.1. Concrete Mixer
12.4.3.2. Concrete Pump
12.4.3.3. Pavers
12.4.3.4. Road Reclaimers & Milling Machines
12.4.4. Other Construction Equipment
12.5. Middle East & Africa Market Size (US$ Bn) and Volume (Units) Analysis and Forecast, by Propulsion Type, 2025-2032
12.5.1. Diesel
12.5.1.1. Upto 100 Hp
12.5.1.2. 101 to 400 Hp
12.5.1.3. Above 400 Hp
12.5.2. Electric
12.5.3. Hybrid
12.5.4. CNG/LNG
12.6. Middle East & Africa Market Size (US$ Bn) and Volume (Units) Analysis and Forecast, by End Use, 2025-2032
12.6.1. Residential Construction
12.6.2. Commercial & Industrial Construction
12.6.3. Infrastructure
12.6.4. Misc.
13. Competition Landscape
13.1. Market Share Analysis, 2024
13.2. Market Structure
13.2.1. Competition Intensity Mapping
13.2.2. Competition Dashboard
13.3. Company Profiles
13.3.1. Bobcat Company
13.3.1.1. Company Overview
13.3.1.2. Product Portfolio/Offerings
13.3.1.3. Key Financials
13.3.1.4. SWOT Analysis
13.3.1.5. Company Strategy and Key Developments
13.3.2. CNH Industrial
13.3.3. Caterpillar Inc.
13.3.4. Deere & Company
13.3.5. Hitachi Construction Machinery
13.3.6. Hyundai Construction Equipment
13.3.7. JCB
13.3.8. Kobelco Construction Machinery
13.3.9. Komatsu Ltd.
13.3.10. Kubota Corporation
13.3.11. Liebherr Group
13.3.12. SANY Group
13.3.13. Sumitomo Construction Machinery
13.3.14. Volvo Construction Equipment
13.3.15. XCMG
14. Appendix
14.1. Research Methodology
14.2. Research Assumptions
14.3. Acronyms and Abbreviations
How Do Licenses Work?
Head shot

Questions or Comments?

Our team has the ability to search within reports to verify it suits your needs. We can also help maximize your budget by finding sections of reports you can purchase.