Construction Machinery Market Report 2026

The construction machinery market size has grown strongly in recent years. It will grow from $362.27 billion in 2025 to $388.22 billion in 2026 at a compound annual growth rate (CAGR) of 7.2%. The growth in the historic period can be attributed to expansion of infrastructure development projects, growth in urbanization activities, rising demand for earthmoving equipment, availability of advanced hydraulic systems, increased mechanization in construction.

The construction machinery market size is expected to see strong growth in the next few years. It will grow to $528.36 billion in 2030 at a compound annual growth rate (CAGR) of 8%. The growth in the forecast period can be attributed to increasing investments in smart infrastructure, rising adoption of electric construction machinery, expansion of mining and energy projects, growing focus on operational efficiency, increasing use of data-driven fleet management. Major trends in the forecast period include increasing adoption of autonomous construction equipment, rising demand for fuel-efficient machinery, growing integration of telematics systems, expansion of electrified construction equipment, enhanced focus on equipment safety.

Anticipated growth in construction spending is poised to drive the expansion of the construction machinery market in the foreseeable future. Construction spending, encompassing expenditures on labor, materials, and engineering work within a specified timeframe, serves as a key determinant of construction-related financial outlays. As construction investment rises, construction businesses witness heightened income prospects, subsequently fostering increased demand for construction services, equipment, and materials. Illustratively, data from the US Census Bureau, a government agency based in the United States, indicates that in August 2023, construction spending in the US was estimated at $1.98 trillion, marking a 0.5% increase from the revised July estimate of $1.97 trillion. This upswing in construction spending substantiates the driving force behind the growth of the construction machinery market.

Prominent companies in the construction machinery market are actively engaged in the development of innovative products, such as the introduction of mini excavators, to enhance customer services. A mini excavator is a compact construction machine designed for excavation and digging work in confined spaces. These versatile machines are adaptable to various tasks. In July 2023, Komatsu Europe International N.V., a Belgium-based heavyweight in construction machinery manufacturing, unveiled the PC33E-6, a mini excavator. Featuring a 35kWh lithium-ion battery with a long-life design and a highly efficient powerline, this innovation allows most customers to work continuously for a full shift before requiring recharging. The PC33E-6, equipped with a 17.4 kW motor and a short tail design, is well-suited for operations in tight spaces and urban environments. Its heavy-duty, protected electric components ensure durability and reliability for construction projects.

In April 2024, Epiroc AB, a Sweden-based productivity partner for the mining and infrastructure sectors, acquired STANLEY Infrastructure, LLC for an undisclosed sum. This acquisition aims to enhance Epiroc AB's presence in the attachments sector for infrastructure and construction, particularly in the United States. The strategic initiative intends to leverage STANLEY Infrastructure's innovative products and reputable brands to drive growth. STANLEY Infrastructure, LLC, is a manufacturer of construction machinery based in Sweden.

Major companies operating in the construction machinery market are Caterpillar Inc., Komatsu Ltd., Volvo AB, Zoomlion Heavy Industry Science and Technology Co., Ltd., Hitachi, Ltd., Deere & Company, Sany Heavy Industry Co., Ltd., Xuzhou Construction Machinery Group Co., Ltd., Liebherr Group, Action Construction Equipment, PT United Tractors Tbk, LiuGong Machinery Co. Ltd., Shantui Construction Machinery Co. Ltd., JCB, CIFA, Bell Equipment, Bobcat, ASV Holdings, Inc., Lovol Heavy Industry, Randon, Goscor Earthmoving Equipment, Mantrac Group, Kanu Equipment.

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

The construction machinery market consists of sales of construction machinery, including backhoes, bulldozers, construction and surface mining-type rock drill bits, construction-type tractors, off-highway trucks, pile-driving equipment, portable crushing, pulverizing and screening machinery, powered post hole diggers, road graders and surface mining machinery. 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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