Construction Equipment Industry 2026-2031: Value to go up from USD 205.38 Billion to USD 283.22 Billion Amid Mega Infrastructure Projects | Mordor Intelligence

Mordor Intelligence has published a new report on the Construction Equipment Market, offering a comprehensive analysis of trends, growth drivers, and future projections.

The global Construction Equipment Market is projected to grow from USD 205.38 billion in 2026 to USD 283.22 billion by 2031, reflecting a steady 6.64% CAGR.

Unlock detailed segmentation, trends, and competitor analysis-click to learn more - https://www.mordorintelligence.com/industry-reports/construction-equipment-market?utm_source=openpr

This growth is fueled by rising government investments in infrastructure, including roads, rail, and power transmission projects, alongside the expansion of semiconductor fabrication facilities.

The demand spans earthmoving, material handling, and concrete machinery, with Asia Pacific leading in market size and the Middle East and Africa showing the fastest growth trajectory. Increasing adoption of rental fleets and the push for electrified and hybrid equipment in North America and Europe are further reinforcing market momentum.

Construction Equipment Industry Dynamics

Mega-Infrastructure Projects Driving Equipment Demand

The Construction Equipment Market Trends are heavily influenced by large-scale infrastructure projects in Asia, with a pipeline exceeding USD 3.7 trillion. High-capacity excavators, bulldozers, and concrete pumps are in strong demand to support bridges, metro lines, and port expansions. Countries like Saudi Arabia and the UAE have significantly increased project awards, driving market growth and higher-ticket machinery sales.

Rental-First Procurement Boosting Utilization

A notable shift toward rental-based procurement among Tier-2 and mid-sized contractors is enhancing fleet utilization. Connected rental fleets achieve utilization rates above 85%, far exceeding owned equipment. This trend encourages predictive maintenance, improves residual values, and supports cost-effective access to modern machinery, strengthening the Construction Equipment Market Size.

Electrification and Hybrid Adoption

Electrification is gaining traction as hybrid and battery-electric equipment adoption rises, particularly in Europe and North America. Stage V and EPA Phase 3 regulations are accelerating fleet renewal, pushing contractors toward low-emission compact loaders and mid-range excavators. While internal combustion machines remain dominant, hybrids are expected to expand rapidly, reflecting a clear shift in market trends.

For a more tailored understanding, view the localized Japanese edition alongside the global market breakdown - https://www.mordorintelligence.com/ja/industry-reports/construction-equipment-market?utm_source=openpr

Segment Analysis: Construction Equipment Market Size by Type and Application

By Equipment Type

Excavator
Loader
Mobile Cranes
Motor Graders
Bulldozers
Road Rollers
Dump Trucks
Others

By Propulsion Type

Internal Combustion
Hybrid Battery Electric
Hydrogen Fuel-Cell

By Equipment Size

Heavy (Above 11 tons)
Medium (6-11 tons)
Compact/Mini (Less than 6 tons)

By Power Output

Up to 250 HP
250-500 HP
Above 500 HP

By Application

Infrastructure
Residential and Commercial Construction
Mining and Quarrying
Oil & Gas / Pipelines
Industrial and Manufacturing
Others

By Geography

North America: United States, Canada, Rest of North America
South America: Brazil, Argentina, Rest of South America
Europe: Germany, United Kingdom, France, Italy, Spain, Sweden, Rest of Europe
Asia-Pacific: China, India, Japan, South Korea, Indonesia, Rest of Asia-Pacific
Middle East & Africa: Saudi Arabia, United Arab Emirates, Turkey, South Africa, Nigeria, Egypt, Rest of Middle East & Africa

Explore more insights on Construction Equipment competitive landscape: https://www.mordorintelligence.com/industry-reports/construction-equipment-market/companies?utm_source=openpr

Construction Equipment Industry Leaders

Caterpillar Inc. - Global leader in heavy and mid-range construction equipment.

Komatsu Ltd. - Expanding in underground and compact equipment markets.
Volvo Construction Equipment - Strong presence in Europe and electrified machinery.

Deere & Company - Known for mid-range and agricultural construction solutions.

Hitachi Construction Machinery Co., Ltd. - Specializes in excavators and advanced hydraulic systems.

Conclusion

The Construction Equipment Market Forecast remains strong, supported by growing global infrastructure investments, the adoption of hybrid and electric machinery, and the rise of rental-based procurement models. Asia Pacific is set to lead in market share due to large-scale projects, while the Middle East and Africa are expected to register the fastest growth.

Overall, the Construction Equipment Market Size is projected to grow steadily, reflecting consistent demand across infrastructure, mining, and commercial construction. The industry is increasingly focusing on connected, efficient, and low-emission machinery, with OEMs leveraging digital services, flexible fleet options, and optimized powertrains to strengthen market position and profitability.

For more insights on Construction Equipment Market, please visit the Mordor Intelligence Page: https://www.mordorintelligence.com/industry-reports/construction-equipment-market?utm_source=openpr

Industry Related Reports:

Australian Construction Machinery Market

The Australian construction machinery market is projected to grow from USD 3.61 billion in 2026 to USD 4.5 billion by 2031, registering a CAGR of 4.52%. Growth is driven by rising infrastructure projects, urban development, and investments in advanced construction equipment technologies.

https://www.mordorintelligence.com/industry-reports/australia-construction-machinery-market?utm_source=openpr

Sweden Construction Equipment Market

The Sweden construction equipment market is expected to expand from USD 1.52 billion in 2025 to USD 2.03 billion by 2030, at a CAGR of 6.05%. Key growth factors include government-led infrastructure development, sustainable construction initiatives, and modernization of heavy machinery fleets.

https://www.mordorintelligence.com/industry-reports/sweden-construction-equipment-market?utm_source=openpr

Used Construction Equipment Market

The global used construction equipment market is estimated at USD 132.67 billion in 2026, projected to reach USD 174.28 billion by 2031, growing at a CAGR of 5.63%. Demand is fueled by cost-conscious construction firms, rising refurbishment technologies, and an increasing shift toward sustainable machinery usage.

https://www.mordorintelligence.com/industry-reports/used-construction-equipment-market?utm_source=openpr

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This release was published on openPR.