Construction Machinery Market Size and Share Outlook - Forecast Trends and Growth Analysis Report (2025-2034)

The global construction machinery market is projected to grow at a CAGR of 4.10% during the forecast period of 2025-2034.

Rapid urbanisation and rising investment in building projects have led to an increased demand for construction equipment, thus, aiding the growth of the global construction machinery industry. With the growing construction expenditure across Asian and Middle Eastern regions in the past few years, the industry is receiving a further boost.

Global Construction Machinery Market Segmentation

The global construction machinery industry is divided based on segments like machinery type and drive type.

Based on its machinery type, the industry is segmented into:

• Crane
• Telescopic Handlers
• Excavator
• Loader and Backhoe
• Motor Grader
• Others

Based on its drive type, the industry is divided into;

• Hydraulic
• Electric and Hybrid

Looks into the regional construction machinery markets like:

• North America
• Europe
• Asia-Pacific
• Latin America
• Middle East and Africa

Global Construction Machinery Market Analysis

The rising population and fast urbanisation has resulted in the increased demand for multi-family homes, condominiums, hospitals, hotels, and offices, thus, aiding the construction machinery market growth. With the rising property prices, skyscrapers have become a latest trend due to their capacity to provide more cost-effective floor room, further propelling the industry forward. The Asia-Pacific region is one of the largest markets for the product, offering several opportunities to the industry for its growth in the future. The rapidly growing infrastructure activities coupled with the rising investment by the governments to develop infrastructure are the significant factors contributing to the growth of construction machinery market globally.

Competitive Landscape

The report presents a detailed analysis of the following key players in the global construction machinery market, looking into their capacity, market shares, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:

• CNH Industrial N.V
• Deere & Company
• Manitou Group
• Zoomlion Heavy Industry Science & Technology Co., Ltd.
• Hitachi Construction Machinery Co., Ltd.
• J.C. Bamford Excavators Limited
• Caterpillar Inc. [CAT (NYSE)]
• Others

The report gives an in-depth insight into the industry by providing a SWOT analysis as well as an analysis of Porter’s Five Forces model.