Building and Road Construction Equipment Market Report 2026

The building and road construction equipment market size has grown strongly in recent years. It will grow from $218.94 billion in 2025 to $238.92 billion in 2026 at a compound annual growth rate (CAGR) of 9.1%. The growth in the historic period can be attributed to infrastructure development programs, urbanization growth, road network expansion, public construction spending, housing development projects.

The building and road construction equipment market size is expected to see strong growth in the next few years. It will grow to $338.45 billion in 2030 at a compound annual growth rate (CAGR) of 9.1%. The growth in the forecast period can be attributed to smart infrastructure investments, green construction initiatives, adoption of autonomous machinery, expansion of transport corridors, demand for sustainable construction practices. Major trends in the forecast period include adoption of autonomous construction equipment, growth of electric construction machinery, integration of telematics and fleet monitoring, expansion of rental equipment models, focus on fuel efficient heavy equipment.

The rise in construction activities is expected to drive the growth of the building and road construction equipment market in the coming years. Construction involves assembling various components to create structures at specific sites according to detailed designs and plans. Building and road construction equipment support construction projects by ensuring timely completion, improving work quality, reducing costs, enabling multiple tasks, enhancing safety, and fostering technological advancements. For example, in July 2024, the US Census Bureau, a US-based government agency, reported that the value of construction operations increased from $2.01 trillion in May 2023 to $2.14 trillion in May 2024. Therefore, the growth in construction activities is propelling the building and road construction equipment market.

Key companies in the building and road construction equipment market are developing advanced solutions, such as construction excavators and forklifts, to improve productivity and efficiency on job sites. Construction excavators and forklifts are heavy machinery used for earthmoving, material handling, and lifting tasks, with excavators primarily handling digging and demolition, while forklifts manage material transport and stacking. For instance, in October 2023, HD Hyundai Construction Equipment, a South Korea-based provider of high-quality machinery, launched a new lineup of products - including excavators, wheel loaders, and electric forklifts - at their factory in Chakan, Pune. The excavator range includes the SMART Plus Series with three models (8-ton, 14-ton, and 15-ton) for infrastructure applications and the 50-ton HX520L for heavy-duty mining. Additionally, two wheel loader models (3 tons and 5 tons) and electric forklifts (2.5 tons and 3 tons) were introduced to enhance material handling efficiency.

In June 2025, FAYAT Group S.A., a France-based manufacturing company, acquired Mecalac Group S.A. for an undisclosed amount. Through this acquisition, FAYAT aims to strengthen its Road Equipment Division by incorporating compact and innovative machinery suited for urban construction sites, thereby enhancing its offerings for urban infrastructure and construction projects worldwide. Mecalac Group S.A. is a France-based company specializing in the design, production, and distribution of compact construction equipment.

Major companies operating in the building and road construction equipment market are Volvo Group, Caterpillar Inc., Komatsu Ltd., Liebherr Group, Hitachi Construction Machinery Co. Ltd., J.C. Bamford Excavators Limited (JCB), Terex Corporation, Deere and Company, Sany Heavy Industry Co. Ltd., Wacker Neuson SE, CNH Industrial NV, Xuzhou Construction Machinery Group Co. Ltd. (XCMG), Zoomlion Heavy Industry Science and Technology Co. Ltd., Doosan Infracore Co. Ltd., Hyundai Heavy Industries Co. Ltd., Wirtgen Group, Kobelco Construction Machinery Co. Ltd., Bell Equipment Ltd., Case Construction Equipment, FAYAT Group, Gomaco Corporation Inc., HAMM AG, Kubota Corporation, LiuGong Machinery Corp. Ltd., Manitou Group, Putzmeister Holding GmbH, Sennebogen Maschinenfabrik GmbH, Tadano Ltd., Takeuchi Mfg. Co. Ltd.

Asia-Pacific was the largest region in the building and road construction equipment market in 2025. Western Europe was the second-largest region in the building and road construction equipment market. The regions covered in the building and road construction equipment market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the building and road construction equipment market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The building and road construction equipment market consists of sales of asphalt mixing plants, forklift trucks, crawler excavators, truck cranes, and others. Values in this market are factory gate values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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