E. Mazareanu
Research expert covering aviation, aircraft , rail and train manufacturing and the logistics industry
Get in touch with us nowGlobal construction equipment market - outlook through 2026
The global construction equipment market was estimated at almost 113 billion U.S. dollars in 2020. This market is expected to increase to around 132.6 billion U.S. dollars by 2026.
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 2.3 percent between 2020 and 2026. There is hope that the Chinese market will stabilize, and India is also expected to hold large potential for growth.
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 2.3 percent between 2020 and 2026. There is hope that the Chinese market will stabilize, and India is also expected to hold large potential for growth.
