Heavy Construction Equipment Market Report 2026

The heavy construction equipment market size has grown strongly in recent years. It will grow from $215.46 billion in 2025 to $229.82 billion in 2026 at a compound annual growth rate (CAGR) of 6.7%. The growth in the historic period can be attributed to expansion of infrastructure projects, growth of mining activities, urban development, demand for high-capacity machinery, mechanization of construction operations.

The heavy construction equipment market size is expected to see strong growth in the next few years. It will grow to $295.73 billion in 2030 at a compound annual growth rate (CAGR) of 6.5%. The growth in the forecast period can be attributed to smart construction site adoption, demand for autonomous equipment, investments in infrastructure modernization, emission reduction regulations, growth in large-scale construction. Major trends in the forecast period include adoption of advanced earthmoving machinery, rising demand for automation in construction equipment, growth of infrastructure development projects, integration of telematics in heavy equipment, shift toward fuel-efficient machinery.

The growing construction industry is expected to drive the expansion of the heavy construction equipment market in the coming years. The construction industry encompasses the commercial manufacturing and trade sector involved in developing, maintaining, and repairing infrastructure. Increasing construction projects, such as roads, bridges, airports, and other infrastructures, require a wide variety of heavy equipment to complete tasks efficiently. For example, in July 2024, the US Census Bureau reported that the value of construction operations increased from $2.01 trillion in May 2023 to $2.14 trillion in May 2024. Thus, the expanding construction industry is fueling growth in the heavy construction equipment market.

Key players in the heavy construction equipment market are focusing on developing innovative solutions, including electric and hydrogen-powered excavators and machinery, to address rising demand for lower emissions, sustainable operations, and stricter environmental compliance. These zero-emission machines replace traditional diesel engines with battery-electric or hydrogen-fuel systems, allowing standard digging, loading, and excavation tasks while eliminating local exhaust emissions at construction sites. For instance, in April 2025, Hitachi Construction Machinery, a Japan-based heavy construction and mining equipment manufacturer, unveiled its expanded zero-emission lineup at Bauma 2025. The range features nine models, including the ZX17U-EB mini excavator with a swappable battery and rapid charger, developed in collaboration with Dimaag AI, a US-based provider of advanced electrification and EV solutions for off-road and heavy-duty machinery, supporting low-emission urban construction work. Other debut models include the ZE150W electric wheeled excavator and the ZE300 hydrogen-powered medium excavator, demonstrating both battery-electric and hydrogen technologies for various operational needs. These machines are designed to perform typical construction tasks with zero on-site emissions and a reduced environmental footprint compared to conventional diesel equipment.

In July 2024, Komatsu Limited, a manufacturing company based in Japan, acquired Ghh Group GmbH for an undisclosed amount. This acquisition is intended to strengthen Komatsu Limited's market position, enhance its technological capabilities, and broaden its product offerings. Ghh Group GmbH is a company in the machine industry located in Germany.

Major companies operating in the heavy construction equipment market are The Volvo Group, Caterpillar Inc., CNH Industrial NV, Deere & Company, Doosan Corporation, Hitachi Construction Machinery Co. Ltd., J C Bamford Excavators Limited, Komatsu Limited, Liebherr Group, Sany Group, XCMG Group, Terex Corporation, Zoomlion Heavy Industry Science and Technology Co. Ltd., Sandvik AB, Kobelco Construction Machinery, Wirtgen Group, Manitowoc Company Inc., LiuGong Machinery Corporation, Tadano Ltd., Kato Works Co. Ltd., BOMAG GmbH, Takeuchi Mfg. Co. Ltd., Kubota Corporation, Bobcat Company, Case Construction Equipment.

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

The heavy construction equipment market consists of sales of excavators, loaders, dozers, and motor graders. 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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