The North American construction equipment market was estimated at almost **** billion U.S. dollars in 2021. The market is expected to grow by a compound annual growth rate of about *** percent between 2022 and 2027, reaching the size of some **** billion U.S. dollars in 2027.

North America Construction Equipment Market size was USD 60500.48 million in 2024 and will expand at a compound annual growth rate (CAGR) of 3.2% from 2024 to 2031.

The North American Construction Equipment Report is Segmented by Equipment Type (Earthmoving, and More), Propulsion Type (Internal Combustion, and More), Capacity (Heavy, and More), Power Output (Up To 250 HP, and More), Application (Infrastructure, and More), Sales Channel (New Equipment, and More), and by Country. The Market Forecasts are Provided in Terms of Value (USD) and Volume (Units).

The size of the North America Heavy Construction Equipment Market was valued at USD 52.096 Million in 2023 and is projected to reach USD 70.42 Million by 2032, with an expected CAGR of 4.4% during the forecast period. Recent developments include: October 2019: Volvo introduced its first emission-free and simple to maintain wheel loaders for a variety of applications, including pallet handling and material loading, grading, and sweeping, for German tree farming.. Notable trends are: Infrastructure development is driving the market growth.

This statistic shows the market size of the construction equipment and heavy equipment in North America between 2018 and 2026. In 2026, the North American construction equipment and heavy equipment market is expected to exceed ** billion U.S. dollars.

The North America Construction Equipment Rental Market Report is Segmented by Rental Channel (Offline and Online), Machinery Type (Cranes, Excavators, Loaders, Motor Graders, and More), Drive Type (Hydraulic / IC Engine, Hybrid, and More), Application (Building Construction and More), Service Type (Short-Term Rental and More), and Country. The Market Forecasts are Provided in Terms of Value (USD) and Volume (Units).

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The North America compact construction equipment market was valued at 2,31.7 T thousand units in 2022 and is expected to reach 317.9 thousand units by 2029, growing at a CAGR of 4.62%.

This statistic illustrates the North American construction equipment market in 2011, broken down by product category. In 2011, graders reached a market share of around ***** percent. Graders are road construction machines with a long blade used to create a flat surface.

The North America Construction Equipment Market is expected to reach USD 53.01 billion by 2029, with North America leading the global construction equipment rental market.

The North America construction equipment rental market was estimated at USD 42.64 billion in 2022 and is expected to reach USD 58.49 billion by 2029, growing at a CAGR of 4.62%.

The North America Heavy Construction Equipment market report offers a thorough competitive analysis, mapping key players’ strategies, market share, and business models. It provides insights into competitor dynamics, helping companies align their strategies with the current market landscape and future trends.

North America Construction Machinery Market size is USD 60103.32 Million in 2024 and will expand at a compound annual growth rate (CAGR) of 2.40% from 2024 to 2031.

The North American heavy construction equipment market was valued at approximately USD 60.5 billion in 2024.It is projected to reach around USD 90 billion by 2034.

The North America Material Handling Construction Equipment market exceeded USD 8.5 Billion in 2023, driven by technological advancements and increasing demand for efficiency in log

North American sales of construction equipment reached about ******* units in 2023. North America is one of the largest target markets for construction equipment worldwide. North America overtaking China The regional structure of the global construction equipment market experienced some major changes in the last years. Sluggish growth in the Chinese construction market coupled with continued idle production in the mining sector and the challenges posed by the COVID-19 pandemic put China’s industrial equipment sales growth to a halt. In 2022, China lost its leading position in the global construction equipment market and was overtaken by North America. It is expected that North America will remain the largest market at least until 2028. Caterpillar as the leading U.S. manufacturer The largest construction equipment manufacturer was Caterpillar of the United States. After a slump in sales in the aftermath of the global financial crisis in 2009, Caterpillar successfully fought its way back to the top of the construction equipment market. In 2023, Caterpillar was ranked first with construction equipment sales of some **** billion U.S. dollars. In the same fiscal year, Caterpillar reported a total global revenue of around **** billion U.S. dollars.

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Used Construction Machinery Market Size 2023-2027

The used construction machinery market size is forecast to increase by USD 27.33 billion at a CAGR of 5.3% between 2022 and 2027.

The market is experiencing significant growth due to several key factors. One of the primary drivers is the expanding secondhand machine market, as construction companies increasingly turn to cost-effective solutions for acquiring equipment. Another trend influencing market growth is the rising popularity of used construction equipment rentals. This allows businesses to access high-quality machinery without the substantial upfront costs of purchasing new equipment. However, stringent regulations regarding the safety and maintenance of used machinery pose challenges for market growth. Adhering to these regulations can be costly, and failure to do so can result in penalties and reputational damage. Despite these challenges, the market is expected to continue expanding, driven by the cost savings and operational flexibility offered by used equipment.

What will be the Size of the Used Construction Machinery Market During the Forecast Period?

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The market in the United States is experiencing significant growth, driven by increased construction activities in the residential and commercial sectors, as well as infrastructure projects in the civil engineering sector. Urbanization and technological innovation are key factors fueling this demand, with online platforms providing easy access to a wide range of used heavy machinery, including excavators, loaders, cranes, motor graders, and more. Contractors in the real estate industry and OEMs are turning to these platforms to source cost-effective solutions for their projects. Europe's construction industry, particularly in the infrastructure sector, is also contributing to the market's growth, with projects such as railway tunnels, port extensions, and underwater tunnels requiring large quantities of used machinery.
The Olympic Games and other major events are further driving demand for cranes and other heavy machinery services from providers like Atlas Crane Service. Overall, the market is expected to continue its robust growth trajectory in the coming years.

How is this Used Construction Machinery Industry segmented and which is the largest segment?

The used construction machinery industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD billion' for the period 2023-2027, as well as historical data from 2017-2021 for the following segments.

Product

  Crane
  Excavator
  Material handling equipment
  Others


Application

  Commercial
  Residential
  Infrastructure


Geography

  APAC

    China
    India
    Japan


  North America

    US


  Europe

    Germany


  South America



  Middle East and Africa

By Product Insights

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

The market, specifically the crane segment, is experiencing consistent growth due to the increasing demand for cranes in construction and industrial applications. Cranes are essential for the construction of industrial plants in the chemical, energy, and power distribution sectors. In the construction industry, the increasing trend of building high-rise residential and commercial structures is driving the demand for used cranes. The Asia Pacific region and Nordic countries, such as Sweden and Finland, are expected to significantly contribute to the growth of the segment during the forecast period. The use of telematics in construction machinery is also gaining popularity, providing real-time data and improving efficiency and productivity.

Earthmoving equipment and loaders are other key components of the market, with their demand primarily driven by the residential and commercial construction sectors.

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The Crane segment accounted for USD 43.42 billion in 2017 and showed a gradual increase during the forecast period.

Regional Insights

APAC is estimated to contribute 56% 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 APAC is experiencing steady growth due to increasing construction activities in emerging economies such as India and China. The demand for used machinery is being driven by the need to provide residential and commercial spaces for expanding urban populations and infrastructure projects. In India, for instance, the Odisha Economic Corridor Project received a USD8.58 billion investment in 2020, leading to the development of indust

The Used Construction Equipment Market Report is Segmented by Product Type (Crane, Telescopic Handler, and More), Drive Type (Internal Combustion Engine, and More), End-Use Industry (Construction and Infrastructure, Mining and Quarrying, and More), Sales Channel (Dealer/Broker, Auction, and More), and Geography (North America, South America, and More). The Market Forecasts are Provided in Terms of Value (USD) and Volume (Units).

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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

The North America Earth Moving market exceeded USD 17.2 Billion in 2023, driven by robust growth in construction and infrastructure projects as a key driver.