How big is the Construction Machinery Market | Size & Demand 2025

Q: What is the current market size of the construction machinery market in USD?

The market size in 2024 is approximately USD 231.5 billion.

Q: Which sectors are driving the demand for construction machinery?

Infrastructure, mining, smart city development, and renewable energy projects are major demand drivers.

Q: What is the expected CAGR of the construction machinery market?

The market is projected to grow at a CAGR of 6.2% during this period.

Q: What are the key trends shaping the construction machinery market?

Trends include electric machinery, automation, equipment rentals, and IoT integration.

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.

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Code: MTA4955

Publication Date: Jul 2025

What is the Construction Machinery Market Size?

According to 6Wresearch internal database and industry insights, the Global Construction Machinery market was valued at USD 231.5 billion in 2024 and is anticipated to exceed USD 352.1 billion by 2031, registering a steady at a CAGR of 6.2% during the forecast period.

The construction machinery market is experiencing notable expansion due to rapid urbanization, increasing infrastructure development projects, and the surge in residential and commercial construction activities. Government initiatives promoting smart city projects and investments in renewable energy infrastructure are also key drivers. Technological advancements such as automation, telematics, and electric-powered machinery are reshaping operational efficiency and sustainability in the industry.

Major Growth Factors of the Construction Machinery Industry

Rising infrastructure investments
Increasing demand for automation
Growth in smart city projects
Expansion of mining activities
Surge in road and highway construction
Technological advancements in machinery
Increased public-private partnerships
Equipment rental trend

Construction Machinery Market Trends

The market is witnessing a shift toward electric and hybrid construction equipment to meet environmental regulations and lower operating costs. Smart technologies, such as GPS tracking and predictive maintenance systems, are becoming standard in new machines. The rental equipment market is also growing, driven by the high cost of ownership and short-term project requirements.

Emerging Developments in the Construction Machinery Industry

Innovations such as autonomous construction vehicles, 3D printing for building components, and AI-driven fleet management systems are gaining traction. OEMs are increasingly focusing on sustainable practices, including recyclable materials and lower carbon footprints. Integration with Building Information Modeling (BIM) and IoT-enabled diagnostics are further elevating machine performance and lifecycle management.