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Global 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.

Global construction equipment sales revenue in 2020 and 2026

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Source

Release date

March 2020

Region

Worldwide

Survey time period

2020

Supplementary notes

The 2026 value is a projection.
The values have been rounded.

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Statistics on "Construction equipment industry in the United States"

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