Size of the global construction equipment market from 2014 to 2017 (in billion U.S. dollars)

Global construction equipment market - outlook through 2017 This statistic represents the projected size of the global construction equipment market between 2014 and 2017. In 2017, it is expected that this market will be sized at around 192 billion U.S. dollars.
Size of the global construction equipment market

Caterpillar, Komatsu and Hitachi are among the world’s leading manufacturers of construction equipment, which includes excavators, wheel loaders, pavers and concrete mixers. Construction machinery manufacturers sell their equipment to customers in the private as well as the public segment, the latter one being highly dependent on investment efforts undertaken by political decision makers. During the 2008 financial crisis, many politicians delayed the continued renewal of their countries’ infrastructure, resulting in a stark decline in market volume particularly in mature economies such as Japan.

The global market for construction equipment is expected to grow at a compound annual growth rate (CAGR) of 6.2 percent from around 161 billion U.S. dollars in 2014 to about 192 billion U.S. dollars in 2017. While manufacturers are hoping for stabilization in the Chinese market, India is expected to hold the largest potential for growth: India’s construction machinery market reached 6.5 billion U.S. dollars in 2014.
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Market size in billion U.S. dollars
2014161
2015171
2016181
2017192
Market size in billion U.S. dollars
2014161
2015171
2016181
2017192
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Description Source More information
This statistic represents the projected size of the global construction equipment market between 2014 and 2017. In 2017, it is expected that this market will be sized at around 192 billion U.S. dollars.
Size of the global construction equipment market

Caterpillar, Komatsu and Hitachi are among the world’s leading manufacturers of construction equipment, which includes excavators, wheel loaders, pavers and concrete mixers. Construction machinery manufacturers sell their equipment to customers in the private as well as the public segment, the latter one being highly dependent on investment efforts undertaken by political decision makers. During the 2008 financial crisis, many politicians delayed the continued renewal of their countries’ infrastructure, resulting in a stark decline in market volume particularly in mature economies such as Japan.

The global market for construction equipment is expected to grow at a compound annual growth rate (CAGR) of 6.2 percent from around 161 billion U.S. dollars in 2014 to about 192 billion U.S. dollars in 2017. While manufacturers are hoping for stabilization in the Chinese market, India is expected to hold the largest potential for growth: India’s construction machinery market reached 6.5 billion U.S. dollars in 2014.
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Release date
June 2016
Region
Worldwide
Survey time period
2014 and 2015
Supplementary notes
The 2015 value is an estimate: the figures for 2016 and 2017 are projections.

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