Top Companies and Competitive Dynamics in the Building and Road Construction Equipment Market

The construction sector is rapidly evolving, with significant advancements in equipment designed for building and road projects. As infrastructure demands increase globally, the market for construction machinery is set to experience substantial growth. Here's an in-depth look at the size, key players, trends, and segmentation within the building and road construction equipment market.

Projected Market Growth and Size of the Building and Road Construction Equipment Market
The building and road construction equipment market is anticipated to expand strongly over the coming years. By 2030, the market value is expected to reach $338.45 billion, growing at an impressive compound annual growth rate (CAGR) of 9.1%. This surge is driven by substantial investments in smart infrastructure, an emphasis on green construction methods, the rising use of autonomous machinery, expansion of transport networks, and a growing focus on sustainable construction practices. Key trends projected to influence the market include the adoption of autonomous construction equipment, the rise of electric-powered machinery, increased integration of telematics and fleet monitoring systems, growth in rental equipment models, and an ongoing push for fuel-efficient heavy equipment.

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Key Factors Fueling Growth in the Building and Road Construction Equipment Market
One major driver behind the market's expansion is the increasing adoption of smart infrastructure projects worldwide. Governments and private sectors are investing heavily in intelligent, connected infrastructure solutions that require advanced construction machinery. This shift toward smarter cities and transport corridors creates strong demand for innovative equipment tailored to these projects.
Additionally, the market benefits from a growing commitment to eco-friendly construction. Green construction initiatives encourage the use of electric and fuel-efficient machinery that reduces carbon emissions and environmental impact. This trend is reshaping equipment development and procurement decisions across the industry.

Leading Companies Steering the Building and Road Construction Equipment Market
Several prominent players dominate this market, including Volvo Group, Caterpillar Inc., Komatsu Ltd., Liebherr Group, Hitachi Construction Machinery Co. Ltd., and J.C. Bamford Excavators Limited (JCB). Others such as ere*x 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., and Wirtgen Group also hold significant market shares. Additional key companies include 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., and Takeuchi Mfg. Co. Ltd.

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Strategic Moves in the Market Highlighted by FAYAT Group's Acquisition
In June 2025, France-based manufacturer FAYAT Group S.A. acquired Mecalac Group S.A., a company known for its compact and innovative construction equipment. This strategic acquisition aims to strengthen FAYAT's Road Equipment Division by adding compact machinery designed specifically for urban construction sites. As a result, FAYAT enhances its capabilities to better serve urban infrastructure and construction projects worldwide. Mecalac Group specializes in designing, producing, and distributing compact construction equipment, making it a valuable addition to FAYAT's portfolio.

Emerging Trends Shaping the Building and Road Construction Equipment Market
Market leaders are focusing on developing cutting-edge machinery such as excavators and forklifts to boost efficiency and productivity on construction sites. Excavators are primarily used for digging and demolition tasks, while forklifts handle material movement and stacking operations.
For example, in October 2023, South Korean company HD Hyundai Construction Equipment launched a new product line at their Pune factory. This lineup includes the SMART Plus Series excavators with models weighing 8 tons, 14 tons, and 15 tons for infrastructure projects, along with a heavy-duty 50-ton HX520L excavator for mining applications. Additional introductions include wheel loaders with 3-ton and 5-ton capacities and electric forklifts rated at 2.5 and 3 tons, all aimed at enhancing material handling efficiency.

Comprehensive Segmentation of the Building and Road Construction Equipment Market
The market is segmented based on product type, equipment category, and application area.
By Product Type, the market includes Motor Graders, Road Rollers, Wheel Loaders, Concrete Mixers, Bulldozers, and other equipment types.
In terms of Equipment Category, the focus is on Earthmoving Equipment and Heavy Construction Vehicles.
Applications are divided into Building Construction and Road Construction sectors.

Detailed subsegments include:
- Motor Graders: Crawler Graders and Wheeled Graders
- Road Rollers: Single Drum Rollers, Double Drum Rollers, and Pneumatic Rollers
- Wheel Loaders: Small, Medium, and Large Wheel Loaders
- Concrete Mixers: Drum Mixers, Pan Mixers, Twin-Shaft Mixers, and Volumetric Mixers
- Bulldozers: Crawler Bulldozers and Wheel Bulldozers
- Other Product Types: Backhoe Loaders, Excavators, Skid Steer Loaders, Dump Trucks, Asphalt Pavers

These classifications provide a holistic overview of the building and road construction equipment landscape, aiding stakeholders in understanding market dynamics and opportunities.

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This release was published on openPR.