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Global construction equipment market size 2020-2025

The global construction equipment market was estimated at almost 140 billion U.S. dollars in 2020. This market is expected to increase to around 175.5 billion U.S. dollars by 2025.

Size of the global construction equipment market

Caterpillar and Komatsu 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 2008-09 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 of 4.7 percent between 2020 and 2025. There is hope that the Chinese market will stabilize, and India is also expected to hold large potential for growth.

Global construction equipment market size between 2020 and 2025

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Release date

March 2021



Survey time period


Supplementary notes

* Projection.
The values have been rounded.
For the Statista estimate an exponential development of the values between 2020 and 2025 was assumed to estimate the annual values. The values for 2020 and 2025 were provided by the source.

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Statistics on "Construction equipment industry worldwide"

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