Consumer Insights
Uncover trends and behaviors shaping consumer choices today
Procurement Insights
Optimize your sourcing strategy with key market data
Industry Stats
Stay ahead with the latest trends and market analysis.
Explore Our Diverse Range Of Offerings
From detailed reports to experts services offered in 15+
Industry Domains
Add 2 More Reports For 20% off
Report Overview
The global construction machinery market was valued at USD 294.44 Billion in 2025. The market is expected to grow at a CAGR of 8.90% during the forecast period of 2026-2035 to reach a value of USD 690.68 Billion by 2035. Rapid infrastructure development and urban expansion across emerging and developed economies are significantly driving demand for advanced earthmoving and material-handling equipment.
Key Market Trends and Insights
- Electrification of equipment reduces emissions, boosts energy efficiency, and drives demand for hybrid and electric machinery.
- High-capacity cranes and heavy-duty excavators support large infrastructure projects, increasing equipment adoption and sales.
- Integration of telematics and smart machine control improves operational efficiency, attracting contractors to modern equipment fleets.
Market Size & Forecast
- Market Size in 2025: USD 294.44 Billion
- Projected Market Size in 2035: USD 690.68 Billion
- CAGR from 2026 to 2035: 8.90%
One of the major factors driving the construction machinery market growth is the development of advanced machine control systems and precision construction technologies. Contractors can enhance accuracy, minimize material wastage, and increase project productivity by implementing a range of technologies like GPS-based grading, automated excavation, and real-time equipment tracking.
Moreover, the rising need to optimize equipment lifecycle is one of the factors that is motivating contractors to choose machinery with features like predictive maintenance and advanced telematics. Such solutions not only result in less downtime but also lead to better asset utilization and a reduction in operating costs, thus creating a favorable environment for the demand for technologically advanced construction equipment in the global infrastructure and development projects.
Another major factor affecting the market for construction machinery is the rising expenditure by governments on highways, railroads, energy infrastructures, and urban development projects that demand construction equipment with high capacity and efficiency. Therefore, contractors are switching to state-of-the-art excavators, loaders, and compact equipment that can work productively even in challenging urban construction environments. Equipment manufacturers are continuously coming up with machines that enhance productivity, fuel efficiency, and ease of operation in congested infrastructure projects.
These changes are boosting demand in the construction machinery market as the equipment fleets are enlarged to accommodate large-scale construction operations. Mirroring this situation, firms are releasing machines that are fit for the changing demands of the projects. For example, in January 2025 at Bauma ConExpo India, L&T Construction & Mining Machinery and Komatsu unveiled the Komatsu PC35MR-3 mini hydraulic excavator for the first time to meet the increasing demand for compact, fuel-efficient machines that can easily be used in urban infrastructure and development projects. Such focused product launches show how manufacturers are linking their innovations to infrastructure development.
2025
Base Year
2019-2025
Historical Period
2026-2035
Forecast Period
Compound Annual Growth Rate
8.9%
Value in USD Billion
2026-2035
*this image is indicative*
Key Trends and Recent Developments
Electrification of Construction Equipment Supporting Sustainable Construction
Growing focus on sustainable construction and lowering emissions is motivating equipment manufacturers to design electric and environmentally friendly equipment. Contractors are slowly embracing battery-operated excavators and loaders to reduce fuel usage and keep up with evolving environmental norms. Such a transition is opening new opportunities in the construction machinery market as makers of equipment broaden electrified product listings. Demonstrating this pattern, in May 2024, Volvo Construction Equipment revealed a wider variety of electric machines, comprising electric excavators and wheel loaders intended for low-emission construction activities.
Continuous Product Innovation Enhancing Equipment Efficiency
Continuous innovations are being introduced by manufacturers to get higher output, safety, and efficiency on the job sites. Improvements in hydraulics, machine control systems, and operators' comfort are motivating contractors to replace their equipment fleets with more efficient ones and acquire new machines. These changes are leading to the replacement of equipment and the revival of the construction machinery market. For example, Komatsu, in February 2025, launched a 7.5-tonne wheeled excavator that is not only highly manoeuvrable but also offer high performance for urban construction projects.
Growing Manufacturing Investments Strengthening Equipment Supply
Growing construction activities are prompting machinery manufacturers to scale up production and develop regional production networks. Various firms are not only setting up new plants but also refurbishing older ones to make supply chains more resilient to cater to the increasing demand for machinery. Such moves are beneficial in ensuring a quicker supply of equipment and a robust global distribution system, which in turn facilitates the growth of the construction machinery market. For instance, in June 2025, Volvo Construction Equipment revealed that it is considering an investment of approximately SEK 2.5 billion for the expansion of crawler excavator production in its major global locations.
Integration of Smart and Connected Technologies in Equipment
Construction equipment are being equipped with digital technologies to streamline operations and better manage the fleet. Through telematics, machine automation, and intelligent control systems, contractors are able to keep a tab on performance, fuel optimization, and overall improved productivity at the jobsite. With construction companies now seeking more operational visibility, manufacturers are releasing connected machinery that comes with high-end digital features, thereby fueling the overall construction machinery market penetration. In May 2024, Volvo Construction Equipment introduced the latest excavator models with a focus on superior electro-hydraulic systems and enhanced digital solutions for productivity improvement.
Development of Electric Compact Machinery for Urban Projects
Urban development construction projects widely increase the need for compact equipment that runs effectively in cramped spaces and complies with environmental standards. Manufacturers have realized this trend in the construction machinery market and are introducing electric mini excavators and other kinds of compact machinery with low noise and zero-emission features. This equipment, which is handy for residential construction and other kinds of close-up work, will pave the way for the extensive use of such types of construction machinery in urban development projects. For instance, in April 2024, Komatsu announced the launch of PC20E, PC26E, and PC33E electric mini excavators that are capable of operating in zero-emission construction environments.
Read more about this report - REQUEST FREE SAMPLE COPY IN PDF
Global Construction Machinery Industry Segmentation
The EMR’s report titled “Global Construction Machinery Market Report and Forecast 2026-2035” offers a detailed analysis of the market based on the following segments:
Market Breakup by Machinery Type
- Crane
- Telescopic Handlers
- Excavator
- Loader and Backhoe
- Motor Grader
- Others
Key Insight: The construction machinery market scope comprises cranes, telescopic handlers, excavators, loaders, backhoes, and motor graders, along with various specialized machinery required for infrastructure and other industrial projects. Excavators and loaders are primarily used for earthmoving operations, whereas cranes and telescopic handlers have become necessities for lifting & material handling at large construction sites. Prominent players like Caterpillar Inc. and Liebherr Group are actively broadening their equipment offerings. To keep up with the innovation trend, in December 2025, TIL Limited launched 3 new material handling machines at EXCON 2025, thereby supporting the lifting and handling equipment segment.
Market Breakup by Drive Type
- Hydraulic
- Electric and Hybrid
Key Insight: By drive type, the construction machinery industry splits into hydraulic systems and electric and hybrid equipment. Despite the growth of electric and hybrid equipment, hydraulic machinery remains the major shareholder, as it delivers a high-power output and has proven reliability in heavy-duty excavation aand material handling roles. At the same time, manufacturers face increasing responsibility to reduce emissions and improve energy efficiency, driving the adoption of electric and hybrid machines. Companies like Komatsu and Volvo Construction Equipment are at the forefront of electrification technologies. In March 2026, HD Hyundai Electric launched advanced equipment components for electric machines.
Market Breakup by Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
Key Insight: Regionally, the construction machinery market landscape covers North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa, all of which are being boosted by infrastructure development and industrial expansion. Asia Pacific is at the forefront due to the rapid urbanization and large-scale construction projects. On the other hand, North America and Europe are focusing on technological innovation and upgrading their equipment. At the same time, the investments in infrastructure in Latin America, the Middle East, and Africa are creating the demand for equipment. In June 2023, Mammoet sent three of the world's largest cranes for significant construction projects in India, which is an illustration of the strong equipment demand in the Asia Pacific.
Read more about this report - REQUEST FREE SAMPLE COPY IN PDF
Global Construction Machinery Market Share
By machinery type, cranes observe consistently rising demand due to their high-capacity lifting
The demand for cranes with higher lifting capacity is picking up pace in the construction machinery market with the rapid expansion of global infrastructure development and the popularity of wind energy projects. An increasing number of contractors are seeking cranes that can handle large industrial components and perform in complex heavy-lifting projects. Manufacturers are reacting by releasing a new generation of crawler cranes, which have enhanced lifting capacity, safety features, and better transport efficiency. For example, in April 2025, Tadano Ltd. presented the CC 78.1250-1 lattice boom crawler crane, with a lifting capacity of approximately 1,250 tons, specifically targeted to the most demanding infrastructure and wind power sectors.
On the other hand, the excavators contribute significantly to the construction machinery market value, mainly because of increasing urban construction and infrastructure projects. Despite the introduction of new machinery and methods, excavators continue to be indispensable in earthmoving, excavation, and other activities for site preparation. This is why the leading manufacturers are not only increasing their offerings but are also focusing on machines that are more functional, fuel-efficient, and produce less carbon emissions that is harmful to the environment. For instance, in October 2023, HD Hyundai Construction Equipment introduced new excavators and forklifts in India with an aim to strengthen its equipment lineup for construction as well as industrial applications.
By drive type, electric and hybrid equipment witnesses significantly higher adoption attributed to the rising electrification trends
The increasing concern about sustainability and reducing emissions is driving the construction machinery market towards electric and hybrid equipment. To reduce fuel consumption, noise levels, and environmental impact, especially in urban construction areas, construction firms are turning to battery-operated machines. Manufacturers are increasing their electric equipment lines to accommodate low-emission construction work. For example, in December 2025, Develon introduced a fresh series of electric excavators that, apart from meeting high performance levels, also help in emission reduction and energy efficiency improvement.
Meanwhile, the hydraulic construction equipment accounts for a considerable share of the construction machinery market, attributed to their ability to deliver high power output coupled with their durability and reliability in even the most demanding operations. Such systems are widely used in earthmoving and material-handling projects, highlighting their critical role across construction sites. In addition to this, one of the primary goals of manufacturers is to make hydraulic systems fuel-efficient in order to increase total equipment performance. To highlight this trend, in July 2025, Tata Hitachi Construction Machinery unveiled the SHINRAI Prime CEV 5 hydraulic backhoe loader, a machine whose core features are focused on reliability and enhanced operational efficiency within the market.
Purchase the Regional Overview for USD 1099
If you choose to purchase the full report at a later stage, the amount already paid will be adjusted, and you will only need to pay the remaining balance.
Purchase the Regional Overview for USD 1099
If you choose to purchase the full report at a later stage, the amount already paid will be adjusted, and you will only need to pay the remaining balance.
Purchase the Regional Overview for USD 1099
If you choose to purchase the full report at a later stage, the amount already paid will be adjusted, and you will only need to pay the remaining balance.
Purchase the Regional Overview for USD 1099
If you choose to purchase the full report at a later stage, the amount already paid will be adjusted, and you will only need to pay the remaining balance.
Global Construction Machinery Market Regional Analysis
By region, Asia Pacific leads the market growth, driven by rapid infrastructure development
The Asia Pacific dominates the construction machinery market, driven by large-scale infrastructure developments and urbanization. Governments are making huge investments in transportation, energy, and industrial infrastructure projects, which, in turn, is leading to demand for sophisticated machinery. Besides that, manufacturers are broadening their operations in the region and taking part in major projects that will strengthen their position in the market, For instance, in October 2024, XCMG Group reported its involvement in several infrastructure projects worldwide and its increasing equipment deployment in the Asia Pacific region.
Technological advancement and equipment upgrading are majorly impacting the European construction equipment market. The manufacturers, in an effort to meet the ever-changing demand for efficient and technologically advanced machinery, especially in infrastructure and industrial projects, are continuously expanding their product offerings. These business endeavors support the expansion of the construction machinery sector in this area. For instance, in January 2026, HD Hyundai Construction Equipment revealed the intention to further increase its product offerings in Europe as part of the company's plan to enhance its presence in the regional market.
Competitive Landscape
Some of the major construction machinery market players are focusing on product innovations and coming up with advanced technologies like electrification, automation, and intelligent machine control to make the equipment perform better and also be more sustainable. To attract customers who are interested in compact and energy-efficient types of machinery for urban and complicated construction environments, companies are expanding their range of products.
Besides manufacturing capacity, regional expansion, and supply chain optimization to meet the rising global demand for construction are some of the strategies that the construction machinery companies are investing in strategically. Strengthening distribution networks is helping companies to provide equipment availability and reduce equipment delivery times. Moreover, companies are forming joint ventures, acquisitions, and technology collaborations to strengthen innovation capabilities and expand their presence in fast-growing infrastructure markets.
CNH Industrial N.V.
CNH Industrial N.V. is one of the leading global producers of construction and agricultural equipment. The company's machinery portfolio is diverse, and they also have superior engineering skills. The company was established in 2013, and its head office is located in Amsterdam, the Netherlands.
Deere and Company
Deere and Company is a company that designs state-of-the-art machines as well as technology solutions for the construction, agriculture, and forestry sectors. The company was established in 1837 and is headquartered in Moline, Illinois, United States of America. They pay considerable attention to precise technology and equipment systems that can operate intelligently.
Manitou Group
Manitou Group is a leading manufacturer of material handling, lifting, and earthmoving equipment, primarily serving construction and industrial applications. The company was established in 1957 and is headquartered in Ancenis, France. In addition to its France-based headquarters, the company supplies telehandlers, forklifts, and access platforms to markets worldwide.
Zoomlion Heavy Industry Science and Technology Co., Ltd.
Zoomlion Heavy Industry Science & Technology Co. Ltd. is a leading manufacturer of a wide variety of construction equipment, including cranes, concrete machinery, and earthmoving equipment. The company was established in 1992, and, with its strong global manufacturing and research and development capabilities, it is headquartered in Changsha, China.
*Please note that this is only a partial list; the complete list of key players is available in the full report. Additionally, the list of key players can be customized to better suit your needs.*
Other key players in the market include Hitachi Construction Machinery Co., Ltd., J.C Bamford Excavators, and Caterpillar Inc., among others.
Key Highlights of the Global Construction Machinery Market Report
- Historical performance and accurate forecasts through 2035.
- Updates on product launches, technology enhancements, and new equipment trends.
- Thorough profiling of the competitive landscape, including leading domestic and global construction machinery players.
- Geographical analysis uncovering new infrastructure markets and opportunities for expansion.
- Investment-oriented perspective combined with market statistics, strategic moves, and technological progress.
Why Choose Expert Market Research?
- Reliable information based on comprehensive primary and secondary research.
- Workable figures intended to help strategic business decision-making.
- Analysis at regional and product-specific levels that gives a thorough understanding of the industry.
Call to Action
Explore the latest trends shaping the global construction machinery market 2026-2035 with our in-depth report. Gain strategic insights, future forecasts, and key market developments that can help you stay competitive. Download a free sample report or contact our team for customized consultation on global construction machinery market trends 2026.
Pricing Plans
Upto 15% Off
USD
-
$2499 $2249
-
$3999 $3599
-
$4999 $4249
-
$5999 $5099
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
Looking for specific insights?
Get in touch with us for a customized solution tailored to your unique requirements and save upto 35%!
Key Questions Answered in the Report
The market is projected to grow at a CAGR of 8.90% between 2026 and 2035.
Key strategies driving the market include product innovation, electrification of equipment, strategic partnerships, manufacturing expansions, and adoption of smart construction technologies.
Rapid developments in the infrastructure sector is a key trend propelling the growth of the market.
The major regions in the market are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
The leading machinery types in the global construction machinery market are crane, telescope handlers, excavator, loader and backhoe, and motor grader, among others.
The drive types in the market are hydraulic, electric, and hybrid.
The key players in the market include CNH Industrial N.V, Deere and Company, Manitou Group, Zoomlion Heavy Industry Science and Technology Co., Ltd., Hitachi Construction Machinery Co., Ltd., J.C Bamford Excavators, and Caterpillar Inc., among others.
In 2025, the global construction machinery market reached an approximate value of USD 294.44 Billion.
The major challenges that the global construction machinery market players face includes high equipment costs, supply chain disruptions, and raw material price volatility.
Report Summary
Explore our key highlights of the report and gain a concise overview of key findings, trends, and actionable insights that will empower your strategic decisions.
| REPORT FEATURES | DETAILS |
| Base Year | 2025 |
| Historical Period | 2019-2025 |
| Forecast Period | 2026-2035 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
|
| Breakup by Machinery Type |
|
| Breakup by Drive Type |
|
| Breakup by Region |
|
| Market Dynamics |
|
| Competitive Landscape |
|
| Companies Covered |
|
Datasheet
One User
USD 2,499
USD 2,249
tax inclusive*
- Selected Segments
- Printing Restrictions
- Excel Spreadsheet Delivered via Email
- Full Report
- Periodic Updates
- Post Sales Analysts Support
- Unlimited Prints
Single User License
One User
USD 3,999
USD 3,599
tax inclusive*
- All Segments
- Printing Restrictions
- PDF Delivered via Email
- Custom Report Layout
- Post Sales Analysts Support
- Periodic Updates
- Unlimited Prints
Five User License
Five User
USD 4,999
USD 4,249
tax inclusive*
- All Segments
- Five Prints Available
- PDF Delivered via Email
- Limited Free Customization
- Post Sales Analyst Support
- Custom Report Layout
- Periodic Updates
- Unlimited Prints
Corporate License
Unlimited Users
USD 5,999
USD 5,099
tax inclusive*
- All Segments
- Unlimited Prints Available
- PDF & Excel Delivery via Email
- Limited Free Customization
- Post Sales Analysts Support
- Discount On Next Update
- Custom Report Layout
*Please note that the prices mentioned below are starting prices for each bundle type. Kindly contact our team for further details.*
Bundle Type
Flash Bundle
20% OFF
Number of Reports: 3
Small Business Bundle
25% OFF
Number of Reports: 5
Growth Bundle
30% OFF
Number of Reports: 8
Enterprise Bundle
35% OFF
Number of Reports: 10
Overview
- Life Time Access
- Analyst Support Related to Report
- PDF Version of the Report
- Complimentary Excel Data Set
- Free Analyst Hours
- Complimentary Free 1 Month Subscription to Trade Data Base
- Complimentary One Month Subscription to Price Database (Chemicals only)
- Complimentary PPT Version of the Report
- Complimentary License Upgrade
- Complimentary Power BI Dashboards
- Life Time Access
- Analyst Support Related to Report
- PDF Version of the Report
- Complimentary Excel Data Set
- Free Analyst Hours - 50 Hours
- Complimentary Free 1 Month Subscription to Trade Data Base
- Complimentary One Month Subscription to Price Database (Chemicals only)
- Complimentary PPT Version of the Report
- Complimentary License Upgrade
- Complimentary Power BI Dashboards
- Life Time Access
- Analyst Support Related to Report
- PDF Version of the Report
- Complimentary Excel Data Set
- Free Analyst Hours - 80 Hours
- Complimentary Free 1 Month Subscription to Trade Data Base
- Complimentary One Month Subscription to Price Database (Chemicals only)
- Complimentary PPT Version of the Report
- Complimentary License Upgrade
- Complimentary Power BI Dashboards
- Life Time Access
- Analyst Support Related to Report
- PDF Version of the Report
- Complimentary Excel Data Set
- Free Analyst Hours - 100 Hours
- Complimentary Free 1 Month Subscription to Trade Data Base
- Complimentary One Month Subscription to Price Database (Chemicals only)
- Complimentary PPT Version of the Report
- Complimentary License Upgrade
- Complimentary Power BI Dashboards
*Please note that the prices mentioned below are starting prices for each bundle type. Kindly contact our team for further details.*
Flash Bundle
Number of Reports: 3
20%
tax inclusive*
- 3 Reports Included
- Life Time Acess
- Analyst Support Related to Report
- PDF Version of the Report
- Free 1 Month Subscription to Trade Data Base
- 1 Month Subscription to Price Database (Chemicals only)
- Complimentary Excel Data Set
- PPT Version of the Report
- Power BI Dashboards
- License Upgrade
- Free Analyst Hours
Small Business Bundle
Number of Reports: 5
25%
tax inclusive*
- 5 Reports Included
- Life Time Acess
- Analyst Support Related to Report
- PDF Version of the Report
- Complimentary Excel Data Set
- Free Analyst Hours - 50 Hours
- Free 1 Month Subscription to Trade Data Base
- 1 Month Subscription to Price Database (Chemicals only)
- Complimentary Excel Data Set
- PPT Version of the Report
- Power BI Dashboards
- License Upgrade
Growth Bundle
Number of Reports: 8
30%
tax inclusive*
- 8 Reports Included
- Life Time Acess
- Analyst Support Related to Report
- PDF Version of the Report
- Complimentary Excel Data Set
- Free Analyst Hours - 50 Hours
- Free 1 Month Subscription to Trade Data Base
- 1 Month Subscription to Price Database (Chemicals only)
- License Upgrade
- Free Analyst Hours - 80 Hours
- Power BI Dashboards
Enterprise Bundle
Number of Reports: 10
35%
tax inclusive*
- 10 Reports Included
- Life Time Acess
- Analyst Support Related to Report
- PDF Version of the Report
- Complimentary Excel Data Set
- Free Analyst Hours - 50 Hours
- Free 1 Month Subscription to Trade Data Base
- 1 Month Subscription to Price Database (Chemicals only)
- License Upgrade
- Power BI Dashboards
- Free Analyst Hours - 100 Hours
How To Order
Select License Type
Choose the right license for your needs and access rights.
Click on ‘Buy Now’
Add the report to your cart with one click and proceed to register.
Select Mode of Payment
Choose a payment option for a secure checkout. You will be redirected accordingly.
Strategic Solutions for Informed Decision-Making
Gain insights to stay ahead and seize opportunities.
Get insights & trends for a competitive edge.
Track prices with detailed trend reports.
Analyse trade data for supply chain insights.
Leverage cost reports for smart savings
Enhance supply chain with partnerships.
Connect For More Information
Our expert team of analysts will offer full support and resolve any queries regarding the report, before and after the purchase.
Our expert team of analysts will offer full support and resolve any queries regarding the report, before and after the purchase.
We employ meticulous research methods, blending advanced analytics and expert insights to deliver accurate, actionable industry intelligence, staying ahead of competitors.
Our skilled analysts offer unparalleled competitive advantage with detailed insights on current and emerging markets, ensuring your strategic edge.
We offer an in-depth yet simplified presentation of industry insights and analysis to meet your specific requirements effectively.
Share