Used Construction Equipment Market to Reach USD 134.4 Billion by 2028, Says Stratview Research

The global used construction equipment market, which includes resale machinery such as earthmoving, material handling, cranes, and concrete equipment used in construction and material handling operations, was valued at USD 98.3 billion in 2022 and is projected to reach USD 134.4 billion by 2028, growing at a CAGR of 5.3% during 2023-2028. The primary growth driver is the rising preference for cost-efficient machinery among contractors, as used equipment significantly reduces capital expenditure while still supporting large-scale infrastructure and construction activities, thereby improving project affordability and operational flexibility.

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Market Statistics
• Market size: USD 98.3 billion (2022)
• Forecast value: USD 134.4 billion (2028)
• CAGR: 5.3% (2023-2028)
• Forecast period: 2023-2028
• Base year: 2022
• Total number of segments: 2
• Tables & figures: 100+
• Country-Level Market Assessment: 20

MARKET SEGMENTATION

By Product Type
Earthmoving & Road Building Equipment (Backhoes, Excavators, Loaders, and Compaction Equipment), Material Handling & Cranes (Storage & Handling Equipment, Engineered Systems, Industrial Trucks, and Bulk Material Handling Equipment), Concrete Equipment (Concrete Pumps, Crushers, Transit Mixers, Asphalt Pavers, and Batching Plants)

By Region
North America (Country Analysis: the USA, Canada, and Mexico), Europe (Country Analysis: Germany, France, the UK, Russia, Spain, and Rest of Europe), Asia-Pacific (Country Analysis: China, Japan, India, South Korea, and Rest of Asia-Pacific), Rest of the World (Sub-Region Analysis: Latin America, the Middle East, and Others)

SEGMENT ANALYSIS

By Product Type, earthmoving & road building equipment is the dominant segment and is expected to remain the largest contributor due to extensive use in infrastructure expansion projects, road network development, and urban construction activities. High availability of used excavators, loaders, and compaction machines further strengthens demand as contractors prefer cost-saving alternatives for high-utilization operations. This sustained demand ensures equipment turnover remains high, reinforcing market liquidity and accessibility for buyers, which strengthens resale channel expansion strategies for equipment suppliers and dealers.

Material handling & cranes continue to support steady demand, driven by industrial logistics, warehousing expansion, and large-scale construction handling needs, while concrete equipment benefits from ongoing urban infrastructure and housing development projects requiring specialized machinery. The strong preference for earthmoving equipment highlights the importance of inventory depth for dealers focusing on high-turnover machinery categories.

By Region, Europe is the dominant market for used construction equipment, supported by cost optimization strategies adopted by construction firms facing economic uncertainty and rising operational costs. Contractors increasingly prefer used machinery to manage capital efficiency while still participating in infrastructure and renovation projects across major economies such as Germany, France, Spain, and the UK. This trend strengthens equipment circulation and increases dependency on secondary equipment markets, encouraging auction-based and dealer-driven distribution models.

MARKET DRIVERS
• Rising global infrastructure development projects increasing demand for cost-effective construction machinery across roads, bridges, and urban expansion programs
• Increasing government focus on road network expansion and public infrastructure upgrades driving demand for earthmoving and road building equipment
• Growing preference among contractors to reduce capital expenditure by purchasing used equipment instead of new high-cost machinery
• Expansion of rental and auction-based equipment ecosystems improving accessibility and liquidity in the secondary equipment market
• Rising commercial and residential construction refurbishment activities increasing replacement and redeployment of construction machinery

COMPETITIVE LANDSCAPE

Top Companies in the Market
Machinery Trader
Equippo AG
Ais Construction Equipment Service Corporation
Shriram Automall India Limited (SAMIL)
Infra Bazaar
Ritchie Bros. Auctioneers
Komatsu Ltd.
Volvo Construction Equipment (Volvo CE)
Caterpillar, Inc.

FAQs
1. What construction machinery categories are most commonly bought in the used equipment market by contractors?
Earthmoving and road building equipment dominate the used construction equipment market due to their widespread use in infrastructure and road development projects, making them the most traded category globally.

2. Why are infrastructure contractors shifting toward used construction equipment instead of new machines?
Contractors prefer used machinery mainly to reduce capital expenditure while still accessing high-performance equipment required for large-scale construction projects.

3. Which region is driving the highest demand for used construction equipment in global trade channels?
Europe leads the market due to economic uncertainty and cost-control strategies adopted by construction companies across major economies.

4. How does road construction activity impact demand for used construction equipment?
Expansion of road networks increases the need for earthmoving and compaction equipment, boosting resale demand as contractors seek cost-efficient machinery solutions.

5. What business opportunities exist for equipment dealers in the used construction machinery market?
Dealers benefit from high equipment turnover and strong demand for affordable machinery, enabling growth through auction platforms, resale networks, and rental integration models.

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