How big is the Construction Equipment Market | Segments & Opportunities 2025

Q: What is the current size and forecast of the construction equipment market?

The market was valued at USD 192.6 billion in 2024 and is projected to reach USD 285.7 billion by 2031 at a CAGR of 5.8%.

Q: Which types of equipment are in high demand?

Excavators, loaders, cranes, and road construction equipment lead global demand.

Q: What’s driving the growth of this market?

Urbanization, smart cities, automation, and rising infrastructure investments.

Q: What are key challenges in the industry?

High capital costs, emissions regulations, and skilled operator shortages.

Q: How does 6W market outlook report help businesses in making decisions?

6W monitors the market across 60+ countries Globally, publishing an annual market outlook report that analyses trends, key drivers, Size, Volume, Revenue, opportunities, and market segments. This report offers comprehensive insights, helping businesses understand market dynamics and make informed decisions.

Q: Do you also provide customisation in the market study?

Yes, we provide customisation as per your requirements. To learn more, feel free to contact us on sales@6wresearch.com

Code: MTA4953

Publication Date: Jul 2025

How big is the Construction Equipment Market?

According to 6Wresearch internal database and industry insights, the Global construction equipment market was valued at approximately USD 192.6 billion in 2024 and is projected to reach USD 285.7 billion by 2031, growing at a CAGR of 5.8% during the forecast period.

This growth is fueled by rapid urbanization, infrastructure development, and adoption of advanced machinery to improve productivity and reduce labor dependency.

Key Growth Drivers of the Construction Equipment Market

Expanding infrastructure projects across transport, energy, and urban housing
Adoption of automation, GPS, and telematics in heavy machinery
Growth in residential and commercial real estate development
Government stimulus and public-private investments in smart city projects
Rise in leasing and rental services making equipment more accessible

Construction Equipment Market Trends

The market for construction equipment is shifting toward electric and hybrid-powered construction machines with the purpose of cutting emissions and fuel efficiency. Predictive maintenance and job site monitoring are being augmented by smart construction tools which have IoT and fleet management systems. Smaller machines are making their way into urban construction and self-driving and autonomous machines are under trial on major infrastructure works. Producers are also installing cabin ergonomics and quiet machinery to meet the regulations, concerning safety and environment.

Emerging Developments in the Construction Equipment Market

Emerging developments include integration of AI and computer vision in earthmoving and road-laying machinery for precision tasks. Hydrogen-powered equipment and battery-swappable systems are in early commercial stages. 3D printing on-site construction is enabling real-time building component production. OEMs are creating digital twins for equipment maintenance and performance optimization. Sustainability goals are pushing development of equipment with recyclable components and lower lifecycle emissions.