Construction Trucks Market Report 2026

The construction trucks market size has grown strongly in recent years. It will grow from $53.17 billion in 2025 to $56.22 billion in 2026 at a compound annual growth rate (CAGR) of 5.7%. The growth in the historic period can be attributed to infrastructure development, mining sector expansion, diesel truck dominance, demand for bulk material transport, fleet modernization.

The construction trucks market size is expected to see strong growth in the next few years. It will grow to $69.53 billion in 2030 at a compound annual growth rate (CAGR) of 5.5%. The growth in the forecast period can be attributed to electrification of heavy vehicles, smart fleet solutions, emission regulations, demand for high-payload trucks, construction megaprojects. Major trends in the forecast period include shift toward high-capacity dump trucks, adoption of telematics and fleet management, growing demand for hybrid trucks, expansion of infrastructure projects, focus on fuel efficiency.

The expansion of renewable energy projects is expected to drive the growth of the construction trucks market, driven by increasing infrastructure development needs. Renewable energy projects involve generating power from sources such as solar, wind, hydro, and geothermal energy, aiming to reduce carbon emissions and promote sustainable energy practices. These projects are rapidly expanding as governments worldwide implement supportive policies and financial incentives to accelerate the shift away from fossil fuels and achieve climate targets. Construction trucks play a critical role in these projects by transporting materials, equipment, and components required to build clean energy facilities such as wind and solar farms. For example, in December 2024, the Solar Energy Industries Association, a US-based national trade association, reported that the US solar market added 8.6 GWdc of capacity in the third quarter of 2024 - a 21% increase from the same period in 2023. Solar energy accounted for 64% of all new electricity-generating capacity and generated enough power annually for over 37 million homes. Consequently, the growth of renewable energy projects is contributing to the expansion of the construction truck market.

Key companies in the construction trucks market are introducing innovative solutions such as next-generation heavy-duty construction trucks to meet the rising demand for infrastructure development by providing efficient and powerful transport options for construction and mining operations. These trucks are engineered to move heavy materials and equipment across work sites, designed to endure harsh environments and challenging terrain. For instance, in July 2025, BharatBenz, an India-based heavy vehicle manufacturer, launched a new line of heavy-duty trucks tailored for construction and mining purposes. The lineup includes new models from the HX and Torqshift series, such as the 2828C HX and 3532C HX, featuring configurations of 280 hp with 1,100 Nm torque and 320 hp with 1,250 Nm torque. Developed through rigorous field testing in demanding mining environments, this launch aims to help large contractors upgrade aging fleets in response to the growing demand for construction and mining equipment in India.

In July 2024, Komatsu Limited, a Japan-based manufacturer of construction, mining, forestry, and military heavy equipment, acquired GHH Group GmbH for an undisclosed sum. Through this acquisition, Komatsu seeks to broaden and enhance its offerings in underground mining equipment, boost its global production and service capabilities, and expand customer reach into new markets. GHH Group GmbH is a Germany-based producer of mining and tunneling equipment, including articulated dump trucks used in mining and construction sectors.

Major companies operating in the construction trucks market report include Hyundai Motor Company, Caterpillar Inc., Daimler Truck AG, Volvo Group, Tata Motors, Komatsu Ltd., ISUZU China, Scania AB, Iveco Group, XCMG Group, MAN Truck & Bus, Doosan Group, SANY Group, Hitachi Construction Machinery Co. Ltd., China National Heavy Duty Truck Group, Ashok Leyland, Terex Corporation, UD Trucks Corp., Bell Equipment, CS Trucks, Liebherr Group, Hubei Manten Automobile Co. Ltd.

Asia-Pacific was the largest region in the construction trucks market in 2025. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the construction trucks market report include Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the construction trucks market report include Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The construction trucks market consists of sales of concrete pump trucks, mobile crane trucks, asphalt distributor trucks, bridge inspection trucks, and aerial work platform trucks. 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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