Agriculture, Construction, and Mining Machinery Market Report 2026

The agriculture, construction, and mining machinery market size has grown strongly in recent years. It will grow from $834.18 billion in 2025 to $886.03 billion in 2026 at a compound annual growth rate (CAGR) of 6.2%. The growth in the historic period can be attributed to expansion of infrastructure development projects, growth in commercial agriculture activities, increasing mining and resource extraction operations, rising adoption of mechanized construction methods, improved availability of heavy machinery financing.

The agriculture, construction, and mining machinery market size is expected to see strong growth in the next few years. It will grow to $1.16 trillion in 2030 at a compound annual growth rate (CAGR) of 7.1%. The growth in the forecast period can be attributed to increasing investments in autonomous machinery solutions, rising focus on low-emission heavy equipment, expansion of smart construction and mining sites, growing demand for high-efficiency machinery, increasing adoption of digital fleet management systems. Major trends in the forecast period include increasing adoption of multi-sector heavy machinery platforms, rising demand for high-capacity equipment across industries, growing integration of autonomous operation systems, expansion of electrified and hybrid machinery, enhanced focus on operator safety and productivity.

Growth in the construction industry is expected to drive expansion of the agriculture, construction, and mining machinery market going forward. The construction industry encompasses the sector of manufacturing and trade involved in building, repairing, renovating, and maintaining infrastructure. Expansion in construction exerts a multiplier effect on the agriculture, construction, and mining machinery market by increasing demand for heavy equipment, accelerating technological progress, encouraging application-specific customization, prompting replacement and modernization cycles, supporting large-scale infrastructure projects, and delivering secondary benefits to adjacent sectors such as mining and quarrying. For example, in August 2024, Eurostat reported that construction production in the euro area rose by 1% in June 2024 compared with June 2023. Therefore, growth in the construction industry has supported the expansion of the agriculture, construction, and mining machinery market.

Leading firms in the agriculture, construction, and mining machinery market are prioritizing innovation, particularly the development of electric and hybrid equipment, to maintain competitive positions. Electric and hybrid machinery - vehicles and equipment powered by electric or hybrid systems instead of conventional internal combustion engines - are gaining traction across these industries. For instance, in July 2023, Sany UK introduced the SY19E electric mini excavator, a compact, versatile machine suited for urban construction, landscaping, and indoor work. The SY19E is battery-powered, emits no exhaust, and uses a lithium iron phosphate (cobalt-free) battery to enable faster, safer, and more efficient charging, making it an environmentally preferable alternative to diesel-powered excavators.

In January 2025, Yanmar Holdings Co., Ltd., a Japan-based agricultural machinery company, acquired CLAAS India Private Limited for an undisclosed amount. Through this acquisition, Yanmar seeks to broaden its agricultural implements and sprayer portfolio in India by incorporating CLAAS India’s product range, including combine harvesters and attachments, and by strengthening local manufacturing and distribution capabilities. CLAAS India Private Limited is an India-based manufacturer of agricultural machinery.

Major companies operating in the agriculture, construction, and mining machinery market are Caterpillar Inc., Deere & Company, Zoomlion Heavy Industry Science and Technology Co. Ltd., Volvo AB, Komatsu Ltd., Case New Holland, CNH Industrial NV, Kubota Corp., Mahindra & Mahindra Limited, Liebherr Group, Atlas Copco AB, AGCO Corporation, Massey Ferguson Limited, Alamo Group Incorporated, Sany Group, Astec Industries Inc., Berco S.p.A., Poclain S.A., Bennington Company, Bomag GmbH, Seppi, SampoRlei SpA.

Asia-Pacific was the largest region in the agriculture, construction, and mining machinery market in 2025. Western Europe was the second largest region in the agriculture, construction, and mining machinery market. The regions covered in the agriculture, construction, and mining machinery market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the agriculture, construction, and mining machinery market report are China, India, Japan, Australia, Indonesia, South Korea, Bangladesh, Thailand, Vietnam, Malaysia, Singapore, Philippines, Hong Kong, Taiwan, New Zealand, UK, Germany, France, Italy, Spain, Austria, Belgium, Denmark, Finland, Ireland, Netherlands, Norway, Portugal, Sweden, Switzerland, Russia, Czech Republic, Poland, Romania, Ukraine, USA, Canada, Mexico, Brazil, Chile, Argentina, Colombia, Peru, Saudi Arabia, Israel, Iran, Turkey, UAE, Egypt, Nigeria, South Africa.

The agriculture, construction, and mining machinery market consist of sales of machinery including farm machinery and equipment, power mowing equipment, and other powered home lawn and garden equipment, construction machinery, surface mining machinery, logging equipment, and oil and gas field and underground mining machinery and equipment. 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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