The growth of construction machinery manufacturing in most populated cities are increasing and market competitions are also high. The dataset is one of the historical sales of construction machinery manufacturing company in 2021 which has recorded in 6 different branches for 12 months data. Data visualistion and predictive data analytics methods are easy to apply with this dataset.

A crane is a type of machine, generally equipped with a hoist rope, wire ropes or chains, and sheaves, that can be used both to lift and lower materials and to move them horizontally. It is mainly used for lifting heavy objects and transporting them to other places. The device uses one or more simple machines to create mechanical advantage and thus move loads beyond the normal capability of a human. Cranes are commonly employed in transportation for the loading and unloading of freight, in construction for the movement of materials, and in manufacturing for the assembling of heavy equipment.

Excavators are heavy construction equipment consisting of a boom, dipper (or stick), bucket and cab on a rotating platform known as the "house".[1] The house sits atop an undercarriage with tracks or wheels. They are a natural progression from the steam shovels and often mistakenly called power shovels.[citation needed] All movement and functions of a hydraulic excavator are accomplished through the use of hydraulic fluid, with hydraulic cylinders and hydraulic motors.[2] Due to the linear actuation of hydraulic cylinders, their mode of operation is fundamentally different from cable-operated excavators which use winches and steel ropes to accomplish the movements.

China is expected to account for more than ** percent of the global construction equipment market in 2027. That year, about ******* units are expected to be sold in China. Globally, some *** million units of construction equipment are forecast to be sold in 2027. Global construction equipment market size forecast China, North America, and Europe were the largest markets for construction equipment in 2022. While these markets will likely have to face challenges, India is expected to emerge as a growth driver in the coming years. In emerging markets such as India, increasingly affluent consumers are predicted to drive demand for larger residential structures and developments in infrastructure, while some experts also see bullish trends in industrial countries, where construction activity is expected to increase to fix aging infrastructure. Construction equipment definition The term construction equipment refers to machinery designed for executing construction tasks. Crawler dozers, crawler excavators, aerial work platforms and wheel loaders rank among the most important product categories in this industry. The leading manufacturers of construction equipment include Caterpillar of the United States, Sweden’s Volvo, Komatsu and Hitachi of Japan, as well as Switzerland’s Liebherr. XCMG and SANY are among China’s leading manufacturers of heavy machinery.

The global market for heavy construction equipment is expected to increase continuously in the upcoming years based on a 2020 forecast. By 2030, this market is expected to be worth over *** billion U.S. dollars.

China Construction Machinery: Total Asset data was reported at 537.616 RMB bn in Oct 2015. This records a decrease from the previous number of 539.824 RMB bn for Sep 2015. China Construction Machinery: Total Asset data is updated monthly, averaging 436.815 RMB bn from Dec 2003 (Median) to Oct 2015, with 97 observations. The data reached an all-time high of 562.044 RMB bn in May 2014 and a record low of 50.382 RMB bn in Dec 2003. China Construction Machinery: Total Asset data remains active status in CEIC and is reported by National Bureau of Statistics. The data is categorized under China Premium Database’s Industrial Sector – Table CN.BHX: Mining, Metallurgy, Construction Special Equipment: Construction Machinery.

The Construction Equipment Market Report is Segmented by Equipment Type (Earthmoving, and More), Propulsion Type (Internal Combustion (Diesel & CNG/LNG), and More), Equipment Size/Weight (Heavy (Above 11 Tons), and More), Power Output (Up To 250 HP, and More), Application (Infrastructure, and More), Sales Channel (New Equipment, and More), and Geography. The Market Forecasts are Provided in Terms of Value (USD) and Volume (Units).

The Sweden Construction Equipment Market report segments the industry into By Equipment Type (Earthmoving Equipment, Road Construction Equipment, Material Handling Equipment, Other Construction Equipment) and By Drive Type (Hydraulic, Electric/Hybrid). We provide five years of historical data along with five-year market forecasts.

The heavy construction equipment market size attained a value of USD 203.62 Billion in 2024. The market is expected to grow at a CAGR of 6.20% during the forecast period of 2025-2034. By 2034, the market is expected to reach USD 371.59 Billion.

The heavy construction equipment market revenue is surging with rapid digitalization and higher adoption of data analytics. As companies embrace data-driven decision-making, the demand for smart and connected heavy machinery rises while encouraging manufacturers to integrate digital solutions into their equipment offerings. For instance, in June 2025, Desi Machines launched a digital platform for simplifying discovery, comparison, purchase, financing, and insurance of construction, earthmoving, mining, and heavy engineering equipment in India. This digital transformation is reshaping the industry’s competitive landscape and accelerating overall market growth.

Integration of GPS, IoT, and telematics is transforming fleet management and predictive maintenance. Equipment with real-time monitoring reduces downtime while optimizing utilization and operational efficiency. In January 2025, CASE launched myCASE Construction, a telematics app offering real-time machine tracking, fuel efficiency monitoring, and remote diagnostics to optimize fleet performance and reduce downtime. These smart systems also enable remote diagnostics, improving serviceability and lowering total cost of ownership.

Market Size statistics on the Construction Machinery Manufacturing industry in the US

Smart Construction Equipment Market size is estimated to reach over USD 46.45 Billion by 2032 from a value of USD 18.95 Billion in 2024 and is projected to grow by USD 20.86 Billion in 2025, growing at a CAGR of 11.9% from 2025 to 2032.

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Heavy Construction Equipment Market Size 2025-2029

The heavy construction equipment market size is forecast to increase by USD 49.7 billion at a CAGR of 4.6% between 2024 and 2029.

The market is experiencing significant growth, driven by increased investment in infrastructure projects worldwide. This trend is expected to continue, creating lucrative opportunities for market participants. Fuel alternatives, including diesel engines and hydraulic systems, are essential components of heavy construction machinery. The secondhand machine market is also expanding, providing an affordable alternative for companies seeking to acquire equipment without the high upfront costs of new machinery.
Strategic partnerships, innovation, and operational efficiency are essential for success in the market. However, challenges persist in the form of intense competition, increasing raw material prices, and regulatory compliance, which may impact profitability. Companies must navigate these challenges effectively to capitalize on the market's potential and maintain a competitive edge. Manufacturing processes incorporate advanced engineering and quality control measures, while supply chain efficiency is enhanced through fleet management and raw materials sourcing strategies. Technological advances, including the adoption of battery technology, telematics, and automation, are driving innovation and improving efficiency, safety, and sustainability in the industry.

What will be the Size of the Heavy Construction Equipment Market during the forecast period?

Explore in-depth regional segment analysis with market size data - historical 2019-2023 and forecasts 2025-2029 - in the full report.
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In the market, product lifecycle management plays a crucial role in ensuring optimal performance and longevity of machinery. Dealers maintain a robust network to provide site preparation services, monitoring systems, parts distribution, and project management solutions. Equipment financing options facilitate the acquisition of new machinery, while used equipment market participation offers cost-effective alternatives. Control valves, hydraulic pumps, and braking system components are essential components undergoing rigorous compliance testing to meet industry standards. Safety systems and operator interface design are increasingly prioritized for worksite logistics and demolition techniques.
Customer service, spare parts supply, and technical support are integral to maintaining a competitive edge. Certification bodies and training programs ensure adherence to safety and standards compliance, while field testing and compliance testing are critical aspects of the product development cycle. The integration of monitoring systems and technical support enhances overall equipment performance and reliability. Another key driver is the growing trend of construction equipment rentals, which offers flexibility and cost savings for businesses.

How is this Heavy Construction Equipment Industry segmented?

The heavy construction equipment industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD billion' for the period 2025-2029, as well as historical data from 2019-2023 for the following segments.

Type

  Earthmoving equipment
  Material handling equipment
  Heavy construction vehicles
  Others


Application

  Excavation and demolition
  Heavy lifting
  Material handling
  Tunneling
  Others


Propulsion

  ICE
  Electric


Geography

  North America

    US
    Canada


  Europe

    France
    Germany
    UK


  APAC

    China
    India
    Japan
    South Korea


  South America

    Brazil


  Rest of World (ROW)

By Type Insights

The earthmoving equipment segment is estimated to witness significant growth during the forecast period. The market encompasses machinery utilized for carrying, digging, spreading, or moving earth and materials. Key equipment in this sector includes excavators, loaders, dozers, and motor graders. Operating costs are a significant consideration for businesses in this industry, making aftermarket parts essential for maintaining equipment and maximizing return on investment. Software solutions and IoT sensors enhance machine performance and efficiency, while electric motors and remote control capabilities offer environmental benefits and increased safety. Infrastructure projects, driven by both public and private investment, provide opportunities for growth. Rapid urbanization, particularly in developing countries like China and India, is increasing the demand for heavy construction equipment due to the emergence of megacities.

Safety regulations and rental services ensure accessibility to various businesses. Transmission systems, lifting capacity, GPS guidance, and emission standards are crucial performance metrics. Specialized tools, such as

Global construction machinery sales are forecast to reach nearly **** million units in 2025. The number of construction equipment units sold fell in 2022 and 2023, and it is expected to still have fallen in 2024.

The GCC Construction Machinery Market Report is Segmented by Machinery Type (Cranes, Excavators, Loaders and Backhoes, and More), Propulsion Type (Internal Combustion Engine and Electric/Hybrid), Application Type (Concrete Construction Equipment, Road Construction Equipment, and More), End-User (Infrastructure, Commercial, and More), and Country. The Market Forecasts are Provided in Terms of Value (USD) and Volume (Units).

The global market size of Construction Equipment & Heavy Equipment is $XX million in 2018 with XX CAGR from 2014 to 2018, and it is expected to reach $XX million by the end of 2024 with a CAGR of XX% from 2019 to 2024.
Global Construction Equipment & Heavy Equipment Market Report 2019 - Market Size, Share, Price, Trend and Forecast is a professional and in-depth study on the current state of the global Construction Equipment & Heavy Equipment industry. The key insights of the report:
1.The report provides key statistics on the market status of the Construction Equipment & Heavy Equipment manufacturers and is a valuable source of guidance and direction for companies and individuals interested in the industry.
2.The report provides a basic overview of the industry including its definition, applications and manufacturing technology.
3.The report presents the company profile, product specifications, capacity, production value, and 2013-2018 market shares for key vendors.
4.The total market is further divided by company, by country, and by application/type for the competitive landscape analysis.
5.The report estimates 2019-2024 market development trends of Construction Equipment & Heavy Equipment industry.
6.Analysis of upstream raw materials, downstream demand, and current market dynamics is also carried out
7.The report makes some important proposals for a new project of Construction Equipment & Heavy Equipment Industry before evaluating its feasibility.
There are 4 key segments covered in this report: competitor segment, product type segment, end use/application segment and geography segment.
For competitor segment, the report includes global key players of Construction Equipment & Heavy Equipment as well as some small players.
The information for each competitor includes:
* Company Profile
* Main Business Information
* SWOT Analysis
* Sales, Revenue, Price and Gross Margin
* Market Share

For product type segment, this report listed main product type of Construction Equipment & Heavy Equipment market
* Product Type I
* Product Type II
* Product Type III

For end use/application segment, this report focuses on the status and outlook for key applications. End users sre also listed.
* Application I
* Application II
* Application III

For geography segment, regional supply, application-wise and type-wise demand, major players, price is presented from 2013 to 2023. This report covers following regions:
* North America
* South America
* Asia & Pacific
* Europe
* MEA (Middle East and Africa)
The key countries in each region are taken into consideration as well, such as United States, China, Japan, India, Korea, ASEAN, Germany, France, UK, Italy, Spain, CIS, and Brazil etc.

Reasons to Purchase this Report:
* Analyzing the outlook of the market with the recent trends and SWOT analysis
* Market dynamics scenario, along with growth opportunities of the market in the years to come
* Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and non-economic aspects
* Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market.
* Market value (USD Million) and volume (Units Million) data for each segment and sub-segment
* Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past five years
* Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
* 1-year analyst support, along with the data support in excel format.
We also can offer customized report to fulfill special requirements of our clients. Regional and Countries report can be provided as well.

China Construction Machinery: Sales Revenue: Year to Date data was reported at 324.753 RMB bn in Oct 2015. This records an increase from the previous number of 292.372 RMB bn for Sep 2015. China Construction Machinery: Sales Revenue: Year to Date data is updated monthly, averaging 154.874 RMB bn from Dec 2003 (Median) to Oct 2015, with 97 observations. The data reached an all-time high of 502.005 RMB bn in Dec 2011 and a record low of 8.492 RMB bn in Feb 2006. China Construction Machinery: Sales Revenue: Year to Date data remains active status in CEIC and is reported by National Bureau of Statistics. The data is categorized under China Premium Database’s Industrial Sector – Table CN.BHX: Mining, Metallurgy, Construction Special Equipment: Construction Machinery.

According to Cognitive Market Research, the global Construction Equipment market size is USD XX million in 2024 and will expand at a compound annual growth rate (CAGR) of XX % from 2025 to 2033. • North America held the major market of more than XX% of the global revenue with a market size of USD XX million in 2024 and will grow at a compound annual growth rate (CAGR) of XX % from 2025 to 2033. • Europe accounted for a share of over XX% of the global market size of USD XX million. • Asia Pacific held the market of around XX% of the global revenue with a market size of USD XX million in 2024 and will grow at a compound annual growth rate (CAGR) of XX % from 2025 to 2033. • Latin America market of more than XX% of the global revenue with a market size of USD XX million in 2024 and will grow at a compound annual growth rate (CAGR) of XX from 2025 to 2033. • Middle East and Africa held the major market of around XX% of the global revenue with a market size of USD XX million in 2024 and will grow at a compound annual growth rate (CAGR) of XX % from 2025 to 2033. Market Dynamics

Key Drivers

Building a Greener Futureis a Trends in Sustainable Construction Practices and thus driving this market 

The growing demand for sustainable and green construction practices significantly boosting the construction equipment market particularly in areas like electric heavy equipment and sustainable material handling. For instance, Companies like Caterpillar and Volvo have been developing electric excavators, loaders and compactors, which are designed to run on clean energy.

These machines produce zero emissions on-site, reduce noise pollution and lower operating costs over time, as electricity is cheaper than diesel fuel. While the initial investment may be higher, and there are still some challenges to overcome, the long-term savings and environmental benefits are undeniable. In 2025, the construction industry could see a more widespread adoption of fully electric machinery, with more charging infrastructure on construction sites and improved battery life that allows for longer work hours without interruption. The electrification of heavy machinery could change the industry more than any other sustainable effort in construction with global electric construction equipment market to grow xx% to XX billion in 2032

Also, sustainability in construction isn’t just about the machinery but how the energy is managed on the site for this Smart Energy Management system comes into play and become active part in construction projects in 2025. these systems incorporate IOT devices, sensors and data analytics to track energy consumption across the job site also providing insights that where efficiencies can be made.

Source- https://www.conexpoconagg.com/news/3-sustainable-construction-equipment-trends-for-20

Rapid Urbanization creating market oppurtunities in construction equipment market

Rapid urbanization directly creates market opportunities in the construction equipment industry because it fuels a surge in infrastructure, commercial, and residential construction projects. This increased demand for construction equipment is a direct result of the population shifts and economic growth associated with urbanization . A recent and compelling example of rapid urbanization driving a surge in construction equipment demand is the ongoing transformation of India's infrastructure sector. Between 2022 and 2024, the Indian construction equipment market experienced significant growth, with sales surpassing XX units in FY 2023–24, a substantial increase from the previous year. This surge is primarily attributed to the government's substantial investments in infrastructure development, including the National Infrastructure Pipeline (NIP), which has allocated over XX crore for projects such as highways, bridges, and urban transit systems. The rapid urbanization of cities like Pune, Bengaluru, and Hyderabad has further intensified the demand for construction equipment. These urban centers are undergoing extensive development to accommodate growing populations and economic activities. For instance, the expansion of the National Highways network, which increased by 59% from 91,287 km in 2013–14 to 144,634 km by November 2022, has necess...

Graph and download economic data for Producer Price Index by Commodity: Machinery and Equipment: Parts for Construction Machinery and Equipment, Sold Separately (WPU112K) from Dec 1999 to Sep 2025 about parts, machinery, equipment, construction, commodities, PPI, inflation, price index, indexes, price, and USA.

Graph and download economic data for Producer Price Index by Industry: Construction Machinery Manufacturing: Parts for Construction Machinery and Equipment, Sold Separately (PCU3331203331209) from Dec 1999 to Sep 2025 about parts, machinery, equipment, construction, manufacturing, PPI, industry, inflation, price index, indexes, price, and USA.

View monthly updates and historical trends for US Construction Machinery Manufacturing New Orders. from United States. Source: Census Bureau. Track econom…

Snapshot img

Construction Equipment Market Size 2025-2029

The construction equipment market size is valued to increase USD 34 billion, at a CAGR of 4.3% from 2024 to 2029. Rising number of new construction equipment launches will drive the construction equipment market.

Major Market Trends & Insights

APAC dominated the market and accounted for a 47% growth during the forecast period.
By Product - Owned equipment segment was valued at USD 81.60 billion in 2023
By Application - Residential segment accounted for the largest market revenue share in 2023

Market Size & Forecast

Market Opportunities: USD 43.03 billion
Market Future Opportunities: USD 34.00 billion
CAGR from 2024 to 2029 : 4.3%

Market Summary

The market encompasses a dynamic and ever-evolving landscape of core technologies and applications, service types, and product categories. With the rise of advanced technologies such as automation, IoT, and AI, construction equipment is becoming increasingly sophisticated, enhancing productivity and efficiency. The adoption of electric construction equipment is on the rise, driven by growing environmental concerns and the need for sustainable solutions. However, high initial costs and maintenance expenses remain significant challenges. According to recent reports, electric construction equipment is expected to account for over 15% of the market share by 2027.
Despite these challenges, the market continues to unfold with new opportunities, including the increasing demand for rental services and the growing popularity of modular construction. Regions such as Asia Pacific and Europe are witnessing significant growth, driven by increasing infrastructure development and urbanization.

What will be the Size of the Construction Equipment Market during the forecast period?

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How is the Construction Equipment Market Segmented?

The construction equipment industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD billion' for the period 2025-2029, as well as historical data from 2019-2023 for the following segments.

Product

  Owned equipment
  Rented equipment
  Leased equipment


Application

  Residential
  Infrastructure
  Commercial


Type

  Earthmoving equipment
  Material handling equipment
  Road construction equipment
  Concrete equipment
  Others


Geography

  North America

    US
    Canada


  Europe

    France
    Germany
    UK


  APAC

    China
    India
    Japan
    South Korea


  South America

    Brazil


  Rest of World (ROW)

By Product Insights

The owned equipment segment is estimated to witness significant growth during the forecast period.

The market encompasses a vast array of machinery and vehicles, with the owned equipment segment being a significant contributor. This segment includes excavators, loaders, skid steers, and other small machinery, as well as trucks, trailers, and specialized construction vehicles. Owned equipment is typically purchased outright by construction companies, contractors, or end-users, leading to extensive usage and maintenance. Key components of owned construction equipment include material handling systems, heavy-duty engines, power transmission, construction software, hydraulic systems, telematics integration, digital dashboards, ground pressure control, and off-road mobility.

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The Owned equipment segment was valued at USD 81.60 billion in 2019 and showed a gradual increase during the forecast period.

Emphasis on operator safety, noise reduction, remote diagnostics, and load capacity is increasing, with advancements in engine performance, machine durability, GPS integration, automation features, structural integrity, data acquisition, vibration dampening, component lifespan, precision control, wear resistance, thermal management, maintenance scheduling, electrification systems, and excavator technology.

Crane mechanisms and safety protocols are also essential, with control algorithms optimizing lifting capacity and fuel efficiency while sensor networks ensure continuous performance monitoring.

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Regional Analysis

APAC is estimated to contribute 47% to the growth of the global market during the forecast period. Technavio's analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.

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The market in Asia-Pacific (APAC) is experiencing significant growth, driven by expanding construction activities in emerging countries like India, Afghanistan, and Bangladesh. This region is expected to maintain a steady growth trajectory during the forecast period, fueling the demand for new infrastructure projects to accommodate the incre

Graph and download economic data for Manufacturers' Value of Shipments: Construction Machinery Manufacturing (A33CVS) from Jan 1992 to Aug 2025 about shipments, machinery, durable goods, construction, goods, manufacturing, industry, and USA.