Global Construction Equipment Market Size & Outlook
The construction equipment industry worldwide is expected to reach a projected revenue of US$ 161,985.4 million by 2030. A compound annual growth rate of 3.9% is expected of the worldwide construction equipment industry from 2023 to 2030.
Revenue, 2022 (US$M)
$118,963.5
Forecast, 2030 (US$M)
$161,985.4
CAGR, 2023 - 2030
3.9%
Report Coverage
Worldwide
Global construction equipment market, 2016-2030 (US$M)
Related Markets
Global construction equipment market highlights
- The global construction equipment market generated a revenue of USD 118,963.5 million in 2022 and is expected to reach USD 161,985.4 million by 2030.
- The market is expected to grow at a CAGR (2023 - 2030) of 3.9% by 2030.
- In terms of segment, earth moving machinery accounted for a revenue of USD 74,961.7 million in 2022.
- Concrete and Road Construction Machinery is the most lucrative product segment registering the fastest growth during the forecast period.
- In terms of region, Asia Pacific was the largest revenue generating market in 2022.
- Country-wise, Mexico is expected to register the highest CAGR from 2023 to 2030.
Global data book summary
| Market revenue in 2022 | USD 118,963.5 million |
| Market revenue in 2030 | USD 161,985.4 million |
| Growth rate | 3.9% (CAGR from 2022 to 2030) |
| Largest segment | Earth moving machinery |
| Fastest growing segment | Concrete and Road Construction Machinery |
| Historical data covered | 2016 - 2021 |
| Base year for estimation | 2022 |
| Forecast period covered | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Earth Moving Machinery, Material Handling Machinery, Concrete and Road Construction Machinery |
Other key industry trends
- In terms of revenue, the North America accounted for 17.4% of the global construction equipment market in 2022.
- By country, the China is projected to lead the global market in terms of revenue in 2030.
- By country, Mexico is the fastest growing regional market and is projected to reach USD 2,613.2 million by 2030.
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Construction Equipment Market Scope
Construction equipment market segmentation & scope
Excavator
Loader
Others
Crawler Crane
Trailer Mounted Crane
Truck Mounted Crane
Concrete Mixer & Paver
Construction Pumps
Others
Construction Equipment Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Global construction equipment market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to construction equipment market will help companies and investors design strategic landscapes.
earth moving machinery was the largest segment with a revenue share of 63.01% in 2022. Horizon Databook has segmented the Global construction equipment market based on earth moving machinery, material handling machinery, concrete and road construction machinery covering the revenue growth of each sub-segment from 2016 to 2030.
- Global Construction Equipment Product Outlook (Revenue, USD Million, 2016-2030)
- Earth Moving Machinery
- Excavator
- Loader
- Others
- Material Handling Machinery
- Crawler Crane
- Trailer Mounted Crane
- Truck Mounted Crane
- Concrete and Road Construction Machinery
- Concrete Mixer & Paver
- Construction Pumps
- Others
- Earth Moving Machinery
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Target buyers of Global construction equipment market databook
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Our clientele includes a mix of construction equipment market companies, investment firms, advisory firms & academic institutions.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of global-level data and insights on the Global construction equipment market , including forecasts for subscribers. This global databook contains high-level insights into Global construction equipment market from 2016 to 2030, including revenue numbers, major trends, and company profiles.
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Global construction equipment market statistics, by regions, 2016-2030 (US$M)
Top 10 countries: Construction equipment market size, 2022 (USD Million)
Top 10 countries: Construction equipment market size, 2022 (USD Million)
Global construction equipment market, by region, 2022 (US$M)
Related regional statistics
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