세계의 건설중장비 시장 예측(-2032년) : 기계별, 추진력별, 출력별, 엔진 용량별, 용도별, 최종 사용자별, 지역별 분석

According to Stratistics MRC, the Global Heavy Construction Equipment Market is accounted for $234.90 billion in 2025 and is expected to reach $382.17 billion by 2032 growing at a CAGR of 7.2% during the forecast period. A broad variety of large machines and vehicles intended for construction activities like material handling, lifting, demolition, and earthmoving are referred to as heavy construction equipment. These devices-which include loaders, cranes, backhoes, excavators, and bulldozers-are essential to the construction of buildings, bridges, tunnels, and other infrastructure. Heavy construction equipment is designed for maximum durability and efficiency, which enhances job site productivity and safety.

According to the United Nations Department of Economic and Social Affairs, nearly 68% of the world's population is projected to live in urban areas by 2050.

Market Dynamics:

Driver:

Global development of infrastructure

One of the main factors driving the market for heavy construction equipment is the worldwide drive to upgrade public infrastructure. To increase connectivity, promote economic growth, and raise living standards, emerging economies like Brazil, China, India, and portions of Africa are spending billions on infrastructure projects. Major infrastructure modernization and renovation projects are also being carried out in developed regions, such as North America and Europe. Additionally, these programs create a steady demand for a variety of heavy machinery, including loaders, cranes, excavators, bulldozers, and pavers.

Restraint:

Expensive initial outlay and ongoing maintenance

The large initial outlay of funds needed to buy equipment is one of the biggest obstacles to entry in the heavy construction equipment market. Particularly for small and medium-sized businesses (SMEs), expensive equipment such as excavators, bulldozers, and cranes can cost hundreds of thousands of dollars. Operational budgets may be further strained by continuing maintenance, repairs, insurance, and storage costs in addition to the initial cost. Furthermore, these budgetary limitations frequently compel contractors to postpone equipment upgrades or depend on rental or used equipment, which slows the expansion of new equipment sales.

Opportunity:

Growing interest in intelligent and self-driving devices

The adoption of automation and smart technologies in the construction sector presents a massive growth opportunity. Conventional heavy machinery is becoming intelligent machines owing to cutting-edge features like GPS tracking, telematics, AI-based control systems, autonomous operation, and real-time diagnostics. Moreover, these intelligent devices increase overall productivity, minimize human error, cut fuel consumption, and improve operational accuracy. The need for smart and semi-autonomous construction equipment is predicted to grow significantly as Construction Company's work to improve productivity and lessen their reliance on labor, creating new markets for tech-integrated machinery.

Threat:

Rapid innovation pressure and technological disruption

Although technological progress offers advantages, it also poses a risk to manufacturers who cannot keep up. Customer expectations are changing as electric, self-driving, and AI-enabled construction equipment becomes more prevalent. Businesses that do not quickly adapt run the risk of going out of style. In addition to raising operating costs and requiring skilled talent, the pressure to constantly innovate and invest in R&D may not be equally available to all players. Additionally, a brand's reputation and market relevance may suffer if it adopts technology later than its competitors.

Covid-19 Impact:

Due to supply chain disruptions, labour shortages, and extensive project delays, the COVID-19 pandemic had a major detrimental effect on the heavy construction equipment market. Major economies experienced a sharp decline in equipment demand as a result of lockdowns and social distancing measures that stopped construction and infrastructure projects. Production delays were brought on by operational shutdowns at manufacturing facilities and shortages of components, especially for imported parts. Furthermore, the procurement of machinery was further suppressed by the financial strain that construction firms experienced due to the uncertainty surrounding public and private investments in infrastructure projects.

The earthmoving equipment segment is expected to be the largest during the forecast period

The earthmoving equipment segment is expected to account for the largest market share during the forecast period. This segment includes tools used mainly for digging, earthmoving, grading, and material handling on building sites, such as excavators, bulldozers, backhoe loaders, and skid-steer loaders. Moreover, the need for earthmoving equipment is fueled by its importance in both minor construction projects and major infrastructure projects. Their dominance in the heavy construction equipment sector, particularly in areas experiencing rapid urbanization and development, is a result of their versatility and ability to perform a wide range of tasks, which make them indispensable in the construction industry.

The recycling & waste management segment is expected to have the highest CAGR during the forecast period

Over the forecast period, the recycling & waste management segment is predicted to witness the highest growth rate. Global emphasis on environmentally friendly building methods and stricter environmental laws are driving this expansion. Compactors and conveyors are examples of heavy-duty machinery that is being used more and more to manage construction waste and make material recycling easier. Additionally, the demand for specialized equipment in this sector is increasing as governments and industries work to lessen their impact on the environment. As a result, recycling and waste management are seeing rapid growth within the heavy construction equipment industry.

Region with largest share:

During the forecast period, the Asia Pacific region is expected to hold the largest market share. The main causes of this dominance are the strong industrial growth, large infrastructure investments, and fast urbanization in nations like China, India, and Japan. Advanced construction equipment is in high demand due to major infrastructure projects like India's Smart Cities Mission and China's Belt and Road Initiative. Furthermore, Asia Pacific is now a major hub for heavy construction equipment owing to these developments, and growth is anticipated to continue in the years to come.

Region with highest CAGR:

Over the forecast period, the Middle East and Africa region is anticipated to exhibit the highest CAGR. Large-scale infrastructure projects like smart cities, highways, airports, and commercial developments-particularly in nations like the United Arab Emirates, Saudi Arabia, and Qatar-are the main drivers of this growth. The need for contemporary and effective construction equipment has increased as a result of government initiatives like Saudi Vision 2030 and Expo 2020 Dubai. Moreover, the region's growing demand for heavy construction equipment is also being influenced by the oil and gas industry's continuous growth as well as rising tourism and urban development expenditures.

Key players in the market

Some of the key players in Heavy Construction Equipment Market include Hitachi Construction Machinery Co., Ltd., Caterpillar Inc., Liebherr AG, Kobelco Construction Machinery Co., Ltd., AB Volvo, CNH Industrial N.V, Komatsu Ltd., Deere & Company., Sany Heavy Industry Co., Ltd., Tadano Ltd, Wacker Neuson SE, Kubota Corporation, Hyundai Construction Equipment, Terex Corporation and Mitsubishi Heavy Industries, Ltd.

Key Developments:

In February 2025, Caterpillar and Vale have signed a new, five-year global framework agreement, to strengthen the collaboration between the two companies. Among the objectives are increased focus on productivity and innovation, including carbon reduction initiatives. Vale also intends to test a battery electric haul truck and the Cat(C) Dynamic Energy Transfer System (DET) under development by Caterpillar.

In September 2024, Liebherr and Fortescue have signed a $2.8 billion USD deal to deliver 475 zero emissions mining machines. The partnership is the single largest equipment deal in the Liebherr Group's 75-year history and Fortescue's single largest ever contract. It includes about 360 autonomous battery-electric trucks, 55 electric excavators and 60 battery-powered dozers.

In September 2024, Hitachi Construction Machinery Co., Ltd. and Marubeni Corporation reached an agreement in August to establish ZAMine Service Brasil Limitada, a sales and services company for mining machinery in Federative Republic of Brazil ("Brazil"). Both companies plan to invest 50% to create a special purpose corporation, which will invest 100% in the sales and services company.

Machineries Covered:

• Earthmoving Equipment
• Material Handling Equipment
• Heavy Construction Equipment
• Other Machineries

Propulsions Covered:

• Internal Combustion Engine (ICE)
• Electric

Power Outputs Covered:

• <100HP
• 101-200 HP
• 201 - 400 HP
• >400 HP

Engine Capacities Covered:

• <5L
• 5-10L
• >10L

Applications Covered:

• Excavation & Demolition
• Heavy Lifting
• Material Handling
• Tunneling
• Transportation
• Recycling & Waste Management

End Users Covered:

• Building & Construction
• Infrastructure
• Mining
• Other End Users

Regions Covered:

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • Italy
  • France
  • Spain
  • Rest of Europe
• Asia Pacific
  • Japan
  • China
  • India
  • Australia
  • New Zealand
  • South Korea
  • Rest of Asia Pacific
• South America
  • Argentina
  • Brazil
  • Chile
  • Rest of South America
• Middle East & Africa
  • Saudi Arabia
  • UAE
  • Qatar
  • South Africa
  • Rest of Middle East & Africa

What our report offers:

• Market share assessments for the regional and country-level segments
• Strategic recommendations for the new entrants
• Covers Market data for the years 2024, 2025, 2026, 2028, and 2032
• Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
• Strategic recommendations in key business segments based on the market estimations
• Competitive landscaping mapping the key common trends
• Company profiling with detailed strategies, financials, and recent developments
• Supply chain trends mapping the latest technological advancements

Free Customization Offerings:

All the customers of this report will be entitled to receive one of the following free customization options:

• Company Profiling
  • Comprehensive profiling of additional market players (up to 3)
  • SWOT Analysis of key players (up to 3)
• Regional Segmentation
  • Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
  • Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances

Table of Contents

1 Executive Summary

2 Preface

• 2.1 Abstract
• 2.2 Stake Holders
• 2.3 Research Scope
• 2.4 Research Methodology
  • 2.4.1 Data Mining
  • 2.4.2 Data Analysis
  • 2.4.3 Data Validation
  • 2.4.4 Research Approach
• 2.5 Research Sources
  • 2.5.1 Primary Research Sources
  • 2.5.2 Secondary Research Sources
  • 2.5.3 Assumptions

3 Market Trend Analysis

• 3.1 Introduction
• 3.2 Drivers
• 3.3 Restraints
• 3.4 Opportunities
• 3.5 Threats
• 3.6 Application Analysis
• 3.7 End User Analysis
• 3.8 Emerging Markets
• 3.9 Impact of Covid-19

4 Porters Five Force Analysis

• 4.1 Bargaining power of suppliers
• 4.2 Bargaining power of buyers
• 4.3 Threat of substitutes
• 4.4 Threat of new entrants
• 4.5 Competitive rivalry

5 Global Heavy Construction Equipment Market, By Machinery

• 5.1 Introduction
• 5.2 Earthmoving Equipment
• 5.3 Material Handling Equipment
• 5.4 Heavy Construction Equipment
• 5.5 Other Machineries

6 Global Heavy Construction Equipment Market, By Propulsion

• 6.1 Introduction
• 6.2 Internal Combustion Engine (ICE)
• 6.3 Electric

7 Global Heavy Construction Equipment Market, By Power Output

• 7.1 Introduction
• 7.2 <100HP
• 7.3 101-200 HP
• 7.4 201 - 400 HP
• 7.5 >400 HP

8 Global Heavy Construction Equipment Market, By Engine Capacity

• 8.1 Introduction
• 8.2 <5L
• 8.3 5-10L
• 8.4 >10L

9 Global Heavy Construction Equipment Market, By Application

• 9.1 Introduction
• 9.2 Excavation & Demolition
• 9.3 Heavy Lifting
• 9.4 Material Handling
• 9.5 Tunneling
• 9.6 Transportation
• 9.7 Recycling & Waste Management

10 Global Heavy Construction Equipment Market, By End User

• 10.1 Introduction
• 10.2 Building & Construction
• 10.3 Infrastructure
• 10.4 Mining
• 10.5 Other End Users

11 Global Heavy Construction Equipment Market, By Geography

• 11.1 Introduction
• 11.2 North America
  • 11.2.1 US
  • 11.2.2 Canada
  • 11.2.3 Mexico
• 11.3 Europe
  • 11.3.1 Germany
  • 11.3.2 UK
  • 11.3.3 Italy
  • 11.3.4 France
  • 11.3.5 Spain
  • 11.3.6 Rest of Europe
• 11.4 Asia Pacific
  • 11.4.1 Japan
  • 11.4.2 China
  • 11.4.3 India
  • 11.4.4 Australia
  • 11.4.5 New Zealand
  • 11.4.6 South Korea
  • 11.4.7 Rest of Asia Pacific
• 11.5 South America
  • 11.5.1 Argentina
  • 11.5.2 Brazil
  • 11.5.3 Chile
  • 11.5.4 Rest of South America
• 11.6 Middle East & Africa
  • 11.6.1 Saudi Arabia
  • 11.6.2 UAE
  • 11.6.3 Qatar
  • 11.6.4 South Africa
  • 11.6.5 Rest of Middle East & Africa

12 Key Developments

• 12.1 Agreements, Partnerships, Collaborations and Joint Ventures
• 12.2 Acquisitions & Mergers
• 12.3 New Product Launch
• 12.4 Expansions
• 12.5 Other Key Strategies

13 Company Profiling

• 13.1 Hitachi Construction Machinery Co., Ltd.
• 13.2 Caterpillar Inc.
• 13.3 Liebherr AG
• 13.4 Kobelco Construction Machinery Co., Ltd.
• 13.5 AB Volvo
• 13.6 CNH Industrial N.V
• 13.7 Komatsu Ltd.
• 13.8 Deere & Company.
• 13.9 Sany Heavy Industry Co., Ltd.
• 13.10 Tadano Ltd
• 13.11 Wacker Neuson SE
• 13.12 Kubota Corporation
• 13.13 Hyundai Construction Equipment
• 13.14 Terex Corporation
• 13.15 Mitsubishi Heavy Industries, Ltd