Sales of construction equipment - worldwide by region 2018 & 2023

Global sales of construction equipment are expected to reach approximately 1.1 million units by 2023. The global construction equipment market is projected to remain flat between 2018 and 2023 with construction equipment sales predicted to hover around the one million unit mark.

Construction equipment sales worldwide

China is the largest market worldwide. In Asia’s largest economy, demand for construction equipment is expected to reach 250,430 units by 2023. This figure represents a 16 percent decline over 2018. In the wake of the financial crisis of 2008-09, the Chinese construction equipment market had experienced growth across all segments within the sector. There is hope that China's construction industry will also drive demand growth amid the coronavirus pandemic.

Caterpillar is the largest construction machinery manufacturer globally. In 2018, the company generated over 23 billion U.S. dollars in revenue from construction equipment sales, followed by Japan’s Komatsu at about 22 billion U.S. dollars.

Construction equipment unit sales worldwide in 2018 and 2023, by country or region

Exclusive Premium statistic

You need a Single Account for unlimited access.

  • Full access to 1m statistics

  • Incl. source references

  • Available to download in PNG, PDF, XLS format

Single Account

$39 $59 per month *
in the first 12 months
33% discount until March 31st
*Duration: 12 months, billed annually, single license

Access to this and all other statistics on 80,000 topics from

$468 / Year
$708 / Year

Show detailed source information?
Register for free
Already a member?
Log in
Source

Release date

April 2019

Region

Worldwide

Survey time period

2018

Supplementary notes

The 2023 figures are projections.

Statista Accounts: Access All Statistics. Starting from $468 / Year
Basic Account
Get to know the platform

You only have access to basic statistics.
This statistic is not included in your account.

Single Account
The ideal entry-level account for individual users
  • Instant access to 1m statistics
  • Download in XLS, PDF & PNG format
  • Detailed references
$59 $39 / Month *
in the first 12 months
Corporate Account
Full access

Corporate solution including all features.

* Prices do not include sales tax.

Statistics on "Construction equipment industry in the United States"

Statista Accounts: Access All Statistics. Starting from $468 / Year
Learn more about how Statista can support your business.