Construction Equipment Market Size | Trends & Insights 2025

Q: What is the Construction Equipment Market size?

The market was valued at USD 151.6 billion in 2024 and is projected to reach USD 271.3 billion by 2031, at a CAGR of 6.7%.

Q: Which region leads the market?

Asia-Pacific dominates the market due to large-scale urbanization, infrastructure projects, and industrial expansion.

Q: Which equipment segments dominate?

Earthmoving and material handling equipment remain the most in demand, particularly in roads, mining, and housing projects.

Q: What are key industry challenges?

High equipment costs, shortage of skilled operators, regulatory compliance, and fluctuating raw material prices remain key barriers.

Q: How does 6W market outlook report help businesses in making decisions?

6W monitors the market across 60+ countries Globally, publishing an annual market outlook report that analyses trends, key drivers, Size, Volume, Revenue, opportunities, and market segments. This report offers comprehensive insights, helping businesses understand market dynamics and make informed decisions.

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Construction Equipment Market Size | Key Segments, Growth & Outlook 2025

Code: MTA4353

Publication Date: Jun 2025

What is the Construction Equipment Market Size?

According to 绿帽社 internal database and industry insights, the Global construction equipment market was valued at approximately USD 151.6 billion in 2024 and is projected to reach USD 271.3 billion by 2031, exhibiting a CAGR of 6.7%.

The Growth is driven by rising urbanization, infrastructure expansion, industrial construction, and technology adoption such as automation and green propulsion.

Key Growth Drivers in the Construction Equipment Market

Rapid urbanization and rising global infrastructure investments
Surge in residential, commercial, and industrial construction projects
Technological innovation: electrification, automation, and digital solutions
Sustainability regulations promoting energy-efficient and low-emission machinery
Expansion of smart city and renewable energy construction initiatives

Construction Equipment Market Trends

The construction equipment market is shifting toward electrified machinery, including hybrid and battery-operated models, propelled by sustainability regulations, reduced fuel dependency, and lifecycle cost efficiency. Use of smart excavators, autonomous vehicles powered by lidar, and robotic retrofits, that are much safer and precise on-site, are becoming more popular. Predictive maintenance with advanced telematics, AI, high-performance tracking using IoT-connected equipment, and organizational performance tracking are achieving high equipment uptime and low downtime, and the fleet management with data.

Furthermore, manufacturers are also spending on modular design to allow rapid equipment customization and retrofitting. The region of Asia-Pacific still leads the market with an emphasis on rapid urbanization, megaprojects, smart city projects, and with the fact that many economies prefer rental rather than purchase in a price-sensitive economy. Increasing cross-border equipment leasing, digital asset tracking, and demand for low-emission construction zones are further influencing the market’s evolution.