Earthmoving Market Report 2026

The earthmoving market size has grown marginally in recent years. It will grow from $95.82 billion in 2025 to $97.53 billion in 2026 at a compound annual growth rate (CAGR) of 1.8%. The growth in the historic period can be attributed to expansion of construction and mining activities, growth in road and infrastructure development, rising demand for heavy equipment, availability of diesel-powered machinery, increasing urbanization.

The earthmoving market size is expected to see steady growth in the next few years. It will grow to $117.01 billion in 2030 at a compound annual growth rate (CAGR) of 4.7%. The growth in the forecast period can be attributed to increasing investments in smart construction equipment, rising demand for low-emission earthmoving machinery, expansion of mega infrastructure projects, growing adoption of automation technologies, increased focus on operational efficiency. Major trends in the forecast period include increasing adoption of autonomous earthmoving equipment, rising demand for fuel-efficient machinery, growing integration of telematics and gps systems, expansion of large-scale infrastructure projects, enhanced focus on emission reduction.

The growing urban population, creating higher demand for improved infrastructure, is expected to drive the earthmoving market over the forecast period. The rise in urban population fuels the need for advanced and better infrastructure. For example, in January 2024, the World Bank, a US-based international financial institution, reported that India is undergoing rapid urbanization, with projections indicating that by 2.03 trillion people, or 40 percent of the population, will live in towns and cities. Therefore, the increasing urban population and the resulting demand for enhanced infrastructure are propelling the growth of the earthmoving market.

Leading companies in the earthmoving market are developing innovative products, such as the scan operating symbol function, to enhance operational efficiency, improve user experience, and simplify machine maintenance for operators, especially those managing large fleets or who are less experienced. The scan operating symbol feature assists users in recognizing and interpreting unfamiliar symbols on equipment panels through a scanning app. For example, in March 2024, Liebherr, a Germany-based manufacturing firm, introduced the 'MyAssistant for Earthmoving' app designed for machine operators, offering vital information on operation and maintenance. Key features include access to the complete Liebherr operator's manual, the ability to order spare parts with user authorization, and the 'Scan Operating Symbol' function for identifying unknown controls. This app is available for free on both the Apple App Store and Google Play Store.

In August 2023, McCann Industries Inc., a construction equipment manufacturer based in the United States, successfully acquired Channahon Tractor LLC for an undisclosed sum. The newly formed branch of McCann Industries will specialize in offering sales and rental services for Kobelco and Takeuchi equipment, along with a range of used machinery. Furthermore, the facility will continue to prioritize the provision of parts and servicing for heavy equipment. Channahon Tractor LLC, the acquired entity, is a U.S.-based manufacturer specializing in heavy equipment.

Major companies operating in the earthmoving market are Hyundai Heavy Industries, Caterpillar, Deere & Company, Volvo Group, Komatsu, CNH Industrial, Kubota, Liebherr-International, Sany Heavy Industry, Hitachi Construction Machinery, Doosan Bobcat, Zoomlion Heavy Industry Science and Technology, J.C. Bamford (JCB), Terex, LiuGong, Wacker Construction Equipment, Shantui Construction Machinery, Doosan Infracore, SANY America.

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

The earthmoving machinery market consists of sales of backhoe loaders, bulldozers, skid-steer loaders, trenchers. 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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