Heavy Construction Equipment Market is predicted to reach USD 1,93,197.97 Million at a CAGR of 4.49% during the forecast period 2023-2032

Market Research Future (MRFR) has published on the “Global Heavy Construction Equipment Market”.

The global Heavy Construction Equipment Market is estimated to register a CAGR of 4.49% during the forecast period of 2023 to 2032.

MRFR recognizes the following companies as the key players in the global Heavy Construction Equipment Market— Volvo Group, Sany Heavy Industry Co., Ltd., Liebherr AG, JCB, CNH Industrial N.V, Caterpillar Inc, Xuzhou Construction Machinery Group Co., Ltd., Terex Corporation, Wacker Neuson SE, Hitachi Construction Machinery Co., Ltd., Deere & Company, Doosan Bobcat, Komatsu Ltd.

Global Heavy Construction Equipment Market Highlights

The global Heavy Construction Equipment Market is estimated to register a CAGR of 4.49% during the forecast period and is estimated to reach USD  1,93,197.97 Million by 2032.

The growth of infrastructure in the United States, China, and India is predicted to propel the global construction market to approximately USD 8 trillion by the end of 2030, according to the Institute of Civil Engineers. The demand for residential infrastructure is skyrocketing due to rising urbanization, especially in Asia and Latin America, which is boosting the market for construction equipment. New smart city development initiatives are receiving funding from governments in European nations.

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Segment Analysis

The global Heavy Construction Equipment Market has been segmented based on type, application, and end use industry.

Based on type, the market is segmented into earthmoving equipment, material handling, heavy vehicle, crushers, and others. Earthmoving Equipment dominated the market in the year 2022. Earthmoving machinery products is mostly met by developing nations like India, Malaysia, and Indonesia. To encourage economic growth, these nations have made investments in the construction of transportation infrastructure, which mostly makes use of earthmoving equipment.

Based on application, the global Heavy Construction Equipment Market has been segmented into excavation & demolition, material handling, heavy lifting, recycling & waste management, and tunneling. Excavation & demolition segment dominated the market in the year 2022. Excavation and demolition activities have emerged as major drivers, dominating the heavy construction equipment market.

Based on end use industry, the global Heavy Construction Equipment Market has been segmented into metal, mineral, coal, aggregate, infrastructure, real estate, oil & gas, mining, forestry & agriculture, and others. The real estate segment is expected to hold the largest market share in 2023. As urbanization and infrastructure boom across the globe, the demand for heavy machinery in the real estate industry has risen. Excavators, cranes, bulldozers, and concrete mixers have become essential equipment in the residential, commercial and industrial sectors.

Regional Analysis

The global Heavy Construction Equipment Market, based on region, has been divided into North America, Europe, Asia-Pacific, Middle East & Africa, and South America. North America consists of US, Canada, and Mexico. The Europe global Heavy Construction Equipment Market comprises of Germany, France, the UK, Italy, and the rest of Europe. The global Heavy Construction Equipment Market in Asia-Pacific has been segmented into China, India, Japan, Australia, South Korea, and the rest of Asia-Pacific. The Middle East & Africa global Heavy Construction Equipment Market consists of Saudi Arabia, South Africa, UAE, and Rest of Middle East & Africa. The global Heavy Construction Equipment Market in South America has been segmented into Brazil, Argentina, and Rest of South America.

The largest market share for the construction equipment market was maintained by the Asia-Pacific regional sector. This is due to a significant number of key players operating in the region, making it the primary contributor to the market share. In addition, the increasing investments in strong logistics infrastructure activities in this region will add up to the market demand.

Moreover, the North America market has been persistently growing over the forecast period. The heavy construction equipment market in North America is experiencing robust and dynamic growth, driven by a combination of infrastructure development, technological advancements and demand for high-performance and high-capacity equipment and motivates it -Continued emphasis on improving aging infrastructure through government policies for urban development has driven market growth New technologies such as telematics, automation play an important role in increasing productivity, period reduced labor costs, safety monitoring on construction sites and increased attention to sustainable practices and environmental regulations have embraced eco-friendly construction equipment has been acknowledged As key manufacturers continue to introduce advanced models and rentals the market gains traction, the heavy construction equipment market in North America is poised to continue to expand, and it creates opportunities for architects, contractors and value added.

In Europe, the promotion of large-scale projects centered on the construction of dams, highways, railroads, and other infrastructure is re-establishing the importance of heavy construction machinery. In addition, the market growth is positively impacted by the region's massive investments in infrastructure development projects and the constantly expanding construction industry. Additionally, when smart city projects multiply, the market value grows rapidly. In addition, over the past few years, the region's mining and oil & gas industries have significantly increased demand. Additionally, regional consolidation affects market growth, particularly in Western European nations where Germany is emerging as a global center for construction equipment innovation. Rising road development activity also boosts sales of heavy construction equipment.  Due to substantial advancements in construction technology and the booming construction sector, the UK maintains a sizeable portion of the market for heavy construction equipment in Europe. A variety of high-performance construction machinery is available on the market. In addition, the number of power projects and the significant increase in dam and canal construction operations are key drivers of regional market expansion. Additionally, the rising urbanization and industrialization brought on by the country's stable GDP have a favorable impact on market expansion. Throughout the duration of the assessment, it is anticipated that the UK's market for heavy construction equipment will continue to dominate the local market.  Another major competitor in the market for heavy construction equipment in Europe is Germany. The growing demand for building services in metropolitan areas is what accounts for the market share. The tendency of new residential and commercial construction also stimulates market expansion in the nation. The market is expanding as a result of rising demand for this equipment from commercial, residential, and infrastructure development projects. The need for heavy construction equipment is also increased by the growing amount of infrastructure repairs. Construction values in the public and private sectors are rising steadily, driving market expansion.

In South America, the expansion of the Latin American construction equipment market is being greatly aided by rising investments in the building of infrastructure, such as roads, bridges, and railroads. Governmental institutions in countries like Brazil and Peru have all upped their investments recently to boost their economies. The public infrastructure will be improved and expanded, according to them. As a result, the market for construction equipment in Latin America is expected to rise. In a similar vein, it is anticipated that increasing mechanization in the construction sector will create lucrative prospects for equipment makers by lowering labor costs and requirements, increasing productivity, and minimizing the possibility of errors. The increasing investments in the housing, transportation, renewable energy, and telecommunications sectors, which are predicted to create sizable opportunities for Brazilian construction equipment manufacturers during the forecast period, are a major contributor to the growth prospects of Brazil's construction industry. In addition to these, the market for construction equipment in Brazil is anticipated to experience significant expansion in the commercial construction sector, improvement in retail and tourism activities, and increased private and public investment in the modernization of the nation's transportation sector.

In the MEA region, significant market growth is anticipated as a result of growing government investments in infrastructure development and large infrastructure projects throughout the Middle East and Africa, including those in Saudi Arabia, Kuwait, Oman, the United Arab Emirates, and Egypt. The expanding construction industry, particularly in emerging nations, is one of the key reasons fueling the market's expansion due to the abundance of growth prospects in the infrastructure, residential, and non-residential sectors. Increasing investments in building roads, highways, smart cities, metros, bridges, and motorways as a result of urbanization and population growth. The rise in the construction of multi-family homes (with the growing trend of nuclear families).

Key Findings of the Study

• The global Heavy Construction Equipment Market is expected to reach USD 1,93,197.97 Million by 2032, at a CAGR of 4.49% during the forecast period.


• The Asia-Pacific Heavy Construction Equipment Market in Asia Pacific is growing rapidly and is expected to reach 84,549.22 million by 2032. Asia-Pacific Heavy Construction Equipment industry with the growth of population and the rising per capita disposal income is anticipated to drive the Asia-Pacific Heavy Construction Equipment market in this region during the forecast period.


• Based on typey, earthmoving equipment segment attributed to holding the largest market in 2022.


• Volvo Group, Sany Heavy Industry Co., Ltd., Liebherr AG, JCB, CNH Industrial N.V, Caterpillar Inc, Xuzhou Construction Machinery Group Co., Ltd., Terex Corporation, Wacker Neuson SE, Hitachi Construction Machinery Co., Ltd., Deere & Company, Doosan Bobcat, Komatsu Ltd. are key market player.