Construction Machinery Market Research Report 2033

Construction Machinery Market Research Report 2033

Segments - by Product Type (Earthmoving Equipment, Material Handling Equipment, Heavy Construction Vehicles, Concrete & Road Construction Equipment, Others), by Application (Residential, Commercial, Industrial, Infrastructure), by Power Output (Below 100 HP, 101–200 HP, Above 201 HP), by Propulsion Type (Diesel, Electric, Hybrid), by End-User (Construction & Mining, Oil & Gas, Transportation, Others)

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Author : Raksha Sharma
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Fact-checked by : V. Chandola
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Editor : Rucha Phatak

Upcoming | Report ID :CM-1735 | 4.7 Rating | 24 Reviews | 287 Pages | Format : Docx PDF

Report Description


Construction Machinery Market Outlook

According to our latest research, the global construction machinery market size reached USD 232.4 billion in 2024, supported by robust infrastructure development and increased urbanization worldwide. The market is experiencing a healthy compound annual growth rate (CAGR) of 6.1% and is projected to reach USD 393.7 billion by 2033. This expansion is fueled by rising investments in public infrastructure, smart city initiatives, and technological advancements in construction equipment. As per our latest findings, the construction machinery sector continues to be a pivotal pillar for economic development, driving productivity and efficiency across diverse end-user segments.

The primary growth factor propelling the construction machinery market is the escalating demand for advanced infrastructure in both developed and emerging economies. Governments worldwide are prioritizing large-scale public works, such as highways, bridges, and urban transit systems, to support population growth and economic activity. This surge in infrastructure projects necessitates the deployment of modern construction equipment capable of delivering high performance, reliability, and safety. Additionally, the integration of smart technologies, such as telematics, automation, and real-time monitoring, is further enhancing equipment efficiency and reducing operational costs, thereby attracting more investments into the market.

Another significant driver is the rapid urbanization and industrialization witnessed across Asia Pacific, Latin America, and parts of Africa. As urban populations expand, there is an increased need for residential and commercial buildings, which, in turn, boosts the demand for construction machinery. The migration of rural populations to urban centers also places pressure on governments and private developers to accelerate construction timelines, fueling the adoption of heavy-duty equipment. Furthermore, the growing trend toward sustainable construction practices is encouraging manufacturers to develop eco-friendly machinery, such as electric and hybrid propulsion systems, aligning with global environmental goals.

Technological advancements are playing a crucial role in shaping the future of the construction machinery market. The adoption of automation, artificial intelligence, and Internet of Things (IoT) in construction machinery is revolutionizing job site operations, improving productivity, and minimizing human error. These innovations enable real-time data collection and predictive maintenance, reducing downtime and enhancing equipment lifespan. The increasing availability of financing options and leasing models is also making it easier for smaller contractors and enterprises to access advanced machinery, further expanding the market base. The convergence of digital technologies with traditional construction processes is poised to create new opportunities for both manufacturers and end-users in the coming years.

Regionally, Asia Pacific continues to dominate the global construction machinery market, accounting for the largest share in 2024 due to massive infrastructure investments in China, India, and Southeast Asia. North America and Europe are also significant contributors, driven by renovation and modernization projects, as well as stringent emission regulations promoting the adoption of cleaner machinery. Meanwhile, the Middle East & Africa and Latin America are emerging as high-growth regions, propelled by urbanization, energy sector investments, and government initiatives to diversify their economies. This regional diversification is ensuring a balanced and sustained growth trajectory for the global construction machinery industry.

Global Construction Machinery Industry Outlook

Product Type Analysis

The product type segment of the construction machinery market is broadly categorized into earthmoving equipment, material handling equipment, heavy construction vehicles, concrete & road construction equipment, and others. Earthmoving equipment, which includes excavators, loaders, and bulldozers, holds the largest market share due to its indispensable role in foundational construction activities. These machines are essential for site preparation, excavation, and land grading, making them a staple across all types of construction projects. The continuous evolution of earthmoving equipment, with features like GPS integration and automated controls, is further elevating their demand across diverse geographies.

Material handling equipment, comprising cranes, forklifts, and conveyors, is witnessing robust growth, particularly in urban construction and infrastructure development. The demand for efficient and safe material transport on job sites is driving investments in advanced material handling solutions. Innovations such as remote monitoring, enhanced lifting capacities, and operator safety features are making these machines more attractive to contractors and project managers. Additionally, the rise of high-rise construction and modular building techniques is necessitating the use of specialized material handling equipment, further expanding this segment’s market share.

Heavy construction vehicles, including dump trucks, articulated haulers, and concrete mixers, play a vital role in transporting construction materials and waste. The increasing scale of infrastructure projects, such as highways and large commercial complexes, is boosting the demand for these vehicles. Manufacturers are focusing on fuel efficiency, emission reduction, and enhanced payload capacities to meet evolving regulatory standards and customer preferences. The integration of telematics and fleet management systems is also improving operational efficiency and reducing total cost of ownership for end-users.

Concrete & road construction equipment, such as pavers, compactors, and batching plants, are essential for roadways, bridges, and urban infrastructure projects. The global emphasis on improving road connectivity and transportation infrastructure is driving substantial investments in this segment. Technological advancements, including automated paving systems and intelligent compaction, are enabling higher precision and productivity, leading to reduced project timelines. The “others” category, which includes tunneling machines and drilling rigs, is also gaining traction, particularly in specialized applications like mining and underground construction.

Report Scope

Attributes Details
Report Title Construction Machinery Market Research Report 2033
By Product Type Earthmoving Equipment, Material Handling Equipment, Heavy Construction Vehicles, Concrete & Road Construction Equipment, Others
By Application Residential, Commercial, Industrial, Infrastructure
By Power Output Below 100 HP, 101–200 HP, Above 201 HP
By Propulsion Type Diesel, Electric, Hybrid
By End-User Construction & Mining, Oil & Gas, Transportation, Others
Regions Covered North America, Europe, APAC, Latin America, MEA
Base Year 2024
Historic Data 2018-2023
Forecast Period 2025-2033
Number of Pages 287
Number of Tables & Figures 294
Customization Available Yes, the report can be customized as per your need.

Application Analysis

The application segment of the construction machinery market encompasses residential, commercial, industrial, and infrastructure sectors. The residential segment is experiencing steady growth, driven by increasing housing demand in urban and suburban areas. Population growth, rising disposable incomes, and supportive government policies for affordable housing are stimulating construction activity, thereby boosting the need for construction machinery. Modern equipment is enabling faster project completion and improved safety standards, making it a preferred choice for residential developers.

Commercial construction, which includes office complexes, shopping malls, and hospitality projects, represents a significant share of the market. The expansion of the service sector, coupled with the rise of mixed-use developments, is fueling demand for specialized construction machinery. Contractors are increasingly adopting advanced equipment to meet tight deadlines and adhere to stringent quality standards. The integration of digital project management tools with construction machinery is further enhancing coordination and efficiency on commercial job sites.

Industrial construction, encompassing manufacturing plants, warehouses, and logistics centers, is witnessing robust growth due to the global shift toward industrial automation and e-commerce. The need for large-scale, durable structures is driving investments in heavy-duty construction machinery with high load-bearing capacities. Equipment reliability, ease of maintenance, and adaptability to different site conditions are key considerations for industrial end-users. The adoption of modular and prefabricated construction techniques is also influencing equipment selection and utilization patterns in this segment.

The infrastructure segment, which includes roads, bridges, airports, and utilities, remains the largest and fastest-growing application area for construction machinery. Governments worldwide are prioritizing infrastructure upgrades to support economic growth and improve quality of life. Large-scale public works require a diverse range of machinery, from earthmoving and lifting equipment to concrete and road construction machines. The increasing focus on sustainability and resilience is prompting the adoption of innovative machinery with lower emissions and higher energy efficiency, setting new benchmarks for the industry.

Power Output Analysis

The power output segment of the construction machinery market is classified into below 100 HP, 101–200 HP, and above 201 HP categories. Machines with power output below 100 HP are predominantly used in small-scale residential and urban projects where maneuverability and versatility are crucial. These compact machines are favored by small and medium-sized contractors for their ease of operation, lower operating costs, and ability to work in confined spaces. The rising trend of urban redevelopment and landscaping is further driving demand for low-power construction machinery.

The 101–200 HP segment caters to medium-scale projects, including commercial buildings, mid-sized infrastructure developments, and industrial facilities. Equipment in this category strikes a balance between power, efficiency, and cost-effectiveness, making it suitable for a wide range of applications. Manufacturers are focusing on enhancing fuel efficiency, operator comfort, and multi-functionality to meet the evolving needs of this segment. The growing popularity of rental and leasing models is also making mid-power machinery more accessible to a broader customer base.

Machines with power output above 201 HP are essential for large-scale infrastructure and mining projects that require high productivity and durability. These heavy-duty machines are designed to handle the most demanding tasks, such as large-scale earthmoving, quarrying, and material transport. Technological advancements, including telematics, remote diagnostics, and automated controls, are enhancing the performance and reliability of high-power construction machinery. The increasing focus on project efficiency and safety is driving investments in advanced equipment with superior power and precision.

Across all power output categories, the trend toward electrification and hybrid propulsion is gaining momentum, driven by stricter emission regulations and growing environmental awareness. Manufacturers are investing in research and development to deliver machines that offer high performance with reduced environmental impact. The availability of government incentives and subsidies for eco-friendly machinery is further encouraging the adoption of electric and hybrid models, particularly in urban construction projects.

Propulsion Type Analysis

The propulsion type segment in the construction machinery market includes diesel, electric, and hybrid options. Diesel-powered machinery remains the dominant segment, owing to its superior power output, reliability, and widespread availability of fuel infrastructure. Diesel engines are preferred for heavy-duty applications and remote job sites where access to electric charging facilities is limited. However, increasing concerns regarding emissions and environmental sustainability are prompting manufacturers to develop cleaner and more efficient diesel engines that comply with stringent regulatory standards.

Electric propulsion is rapidly gaining traction, especially in urban and environmentally sensitive areas. Electric construction machinery offers significant advantages, such as zero emissions, reduced noise levels, and lower operating costs. The adoption of electric equipment is being accelerated by government policies promoting green construction practices and investments in charging infrastructure. Leading manufacturers are introducing a range of electric excavators, loaders, and cranes to cater to the growing demand for sustainable construction solutions.

Hybrid propulsion systems, which combine diesel and electric power, are emerging as a viable solution for balancing performance and environmental impact. Hybrid machinery offers enhanced fuel efficiency, reduced emissions, and the flexibility to operate in diverse site conditions. The integration of advanced energy management systems and regenerative braking technologies is further improving the operational efficiency of hybrid construction equipment. As the industry transitions toward sustainable practices, hybrid models are expected to gain a larger market share, particularly in regions with stringent emission regulations.

The shift toward alternative propulsion types is also driving innovation in battery technology, energy storage, and charging solutions. Manufacturers are collaborating with technology providers to develop high-capacity batteries, fast-charging systems, and intelligent energy management platforms. These advancements are enabling longer operating hours, faster turnaround times, and improved overall productivity for electric and hybrid construction machinery. The ongoing evolution of propulsion technologies is set to redefine the competitive landscape of the construction machinery market.

End-User Analysis

The end-user segment of the construction machinery market comprises construction & mining, oil & gas, transportation, and others. The construction & mining sector is the largest end-user, driven by the continuous demand for new infrastructure, urban development, and mineral extraction. Construction machinery is indispensable for site preparation, excavation, material handling, and transportation in both construction and mining operations. The adoption of advanced equipment is enhancing productivity, safety, and sustainability, making it a critical component of modern construction and mining projects.

The oil & gas sector is another significant end-user, requiring specialized construction machinery for exploration, drilling, pipeline installation, and facility construction. The complexity and scale of oil & gas projects necessitate the use of high-performance equipment capable of operating in challenging environments. The sector’s focus on safety, efficiency, and environmental compliance is driving investments in technologically advanced machinery with features such as remote monitoring, automated controls, and emission reduction systems.

Transportation infrastructure, including roads, railways, airports, and ports, represents a major growth area for construction machinery. Governments and private developers are investing heavily in transportation projects to improve connectivity and support economic growth. The need for rapid project completion, high-quality construction, and long-term durability is fueling demand for state-of-the-art construction equipment. Innovations such as intelligent compaction, automated paving, and real-time quality monitoring are transforming the way transportation infrastructure is built and maintained.

The “others” category includes applications in power generation, water management, and specialized construction activities. These sectors require customized machinery tailored to specific project requirements, such as tunneling, dam construction, and renewable energy installations. The increasing focus on sustainable development and climate resilience is driving the adoption of eco-friendly and energy-efficient construction machinery in these niche applications. The diversification of end-user segments is contributing to the overall resilience and growth of the construction machinery market.

Opportunities & Threats

The construction machinery market is poised for significant opportunities, particularly with the increasing adoption of digital technologies and automation. The integration of IoT, artificial intelligence, and telematics into construction equipment is enabling real-time monitoring, predictive maintenance, and data-driven decision-making. These advancements are improving equipment uptime, reducing operational costs, and enhancing job site safety. The growing trend of smart construction and Building Information Modeling (BIM) is creating new avenues for equipment manufacturers to offer value-added solutions and services. As the construction industry embraces digital transformation, companies that invest in innovation and technology integration are likely to gain a competitive edge.

Another major opportunity lies in the transition toward sustainable and eco-friendly construction practices. The rising demand for electric and hybrid construction machinery, coupled with government incentives for green equipment, is opening up new growth prospects for manufacturers. The development of energy-efficient machines with lower emissions and reduced noise levels is aligning with global environmental goals and regulatory requirements. Additionally, the expansion of rental and leasing models is making advanced equipment more accessible to small and medium-sized contractors, broadening the market base and driving overall growth. The convergence of sustainability and digitalization is set to redefine the future of the construction machinery market.

Despite these opportunities, the market faces several restraining factors, including high initial investment costs and fluctuating raw material prices. The capital-intensive nature of construction machinery can be a barrier for small and medium-sized enterprises, limiting their ability to adopt advanced equipment. Economic uncertainties, such as inflation and currency fluctuations, can also impact project budgets and equipment procurement decisions. Furthermore, the complexity of regulatory compliance, particularly regarding emissions and safety standards, can pose challenges for manufacturers and end-users. Addressing these restraining factors will require collaborative efforts from industry stakeholders, policymakers, and technology providers.

Regional Outlook

Asia Pacific remains the dominant region in the global construction machinery market, accounting for approximately 47% of the total market value in 2024, or about USD 109.2 billion. The region’s leadership is underpinned by massive infrastructure investments in China, India, and Southeast Asia, driven by rapid urbanization, population growth, and government initiatives such as China’s Belt and Road Initiative and India’s Smart Cities Mission. The proliferation of large-scale construction projects, coupled with the adoption of advanced machinery, is fueling robust market growth in Asia Pacific. The region is expected to maintain a strong CAGR of 7.2% through 2033, outpacing other global markets.

North America represents the second-largest market, with a value of USD 54.1 billion in 2024, driven by ongoing investments in infrastructure modernization, residential construction, and energy projects. The United States is the primary contributor, supported by federal infrastructure funding and the need to replace aging equipment fleets. The region is witnessing a growing shift toward electric and hybrid machinery, in line with stringent emission regulations and sustainability goals. Canada and Mexico are also making significant investments in transportation and energy infrastructure, contributing to the overall regional market growth.

Europe holds a substantial share of the construction machinery market, valued at USD 42.8 billion in 2024, characterized by a strong focus on sustainability, innovation, and regulatory compliance. The European Union’s Green Deal and infrastructure stimulus packages are driving demand for eco-friendly and technologically advanced equipment. Western European countries, such as Germany, France, and the United Kingdom, are leading the adoption of digital construction solutions and smart machinery. Meanwhile, the Middle East & Africa and Latin America are emerging as high-growth regions, with market values of USD 16.2 billion and USD 10.1 billion respectively in 2024. These regions are benefiting from urbanization, energy sector investments, and government efforts to diversify their economies, presenting new opportunities for construction machinery manufacturers.

Construction Machinery Market Statistics

Competitor Outlook

The competitive landscape of the construction machinery market is characterized by the presence of several global and regional players, each vying for market share through innovation, product differentiation, and strategic partnerships. Leading companies are investing heavily in research and development to introduce advanced machinery with enhanced performance, fuel efficiency, and digital capabilities. The integration of telematics, automation, and IoT technologies is becoming a key differentiator, enabling manufacturers to offer value-added services such as predictive maintenance, remote diagnostics, and fleet management solutions. The shift toward sustainable construction practices is also prompting companies to expand their portfolios with electric and hybrid equipment, catering to evolving customer preferences and regulatory requirements.

Mergers, acquisitions, and strategic alliances are common strategies adopted by key players to strengthen their market position and expand their global footprint. Companies are focusing on expanding their distribution networks, enhancing after-sales support, and offering flexible financing options to attract a broader customer base. The increasing popularity of equipment rental and leasing models is also influencing competitive dynamics, with manufacturers collaborating with rental companies to provide tailored solutions for diverse end-user segments. The emphasis on customer-centricity, reliability, and total cost of ownership is shaping the competitive strategies of market leaders.

The entry of new players, particularly from emerging markets, is intensifying competition and driving innovation in product design, manufacturing processes, and service delivery. Regional manufacturers are leveraging their understanding of local market needs to offer customized solutions at competitive prices. At the same time, established global players are leveraging their brand reputation, technological expertise, and extensive service networks to maintain their leadership positions. The competitive landscape is expected to remain dynamic, with continuous innovation and strategic collaborations shaping the future of the construction machinery market.

Some of the major companies operating in the global construction machinery market include Caterpillar Inc., Komatsu Ltd., Volvo Construction Equipment, Hitachi Construction Machinery Co., Ltd., Liebherr Group, JCB Ltd., SANY Group, Deere & Company, CNH Industrial N.V., and Doosan Infracore. Caterpillar Inc. is recognized for its comprehensive portfolio of earthmoving, material handling, and heavy construction equipment, as well as its focus on digital integration and sustainability. Komatsu Ltd. is renowned for its advanced automation and telematics solutions, while Volvo Construction Equipment is a leader in electric and hybrid machinery. Hitachi Construction Machinery and Liebherr Group are known for their innovation in mining and specialized construction equipment, while JCB and SANY Group are expanding their presence in emerging markets through product diversification and strategic partnerships. Deere & Company, CNH Industrial, and Doosan Infracore are also making significant investments in technology and sustainability, positioning themselves for long-term growth in the evolving construction machinery market.

Key Players

  • Caterpillar Inc.
  • Komatsu Ltd.
  • Volvo Construction Equipment
  • Hitachi Construction Machinery Co., Ltd.
  • Liebherr Group
  • Xuzhou Construction Machinery Group (XCMG)
  • Sany Group
  • Zoomlion Heavy Industry Science & Technology Co., Ltd.
  • Doosan Infracore
  • JCB (J.C. Bamford Excavators Limited)
  • Hyundai Construction Equipment Co., Ltd.
  • Terex Corporation
  • CNH Industrial N.V.
  • Kubota Corporation
  • Wirtgen Group
  • Manitou Group
  • Takeuchi Manufacturing Co., Ltd.
  • Atlas Copco AB
  • Sumitomo Construction Machinery Co., Ltd.
  • Shantui Construction Machinery Co., Ltd.
Construction Machinery Market Overview

Segments

The Construction Machinery market has been segmented on the basis of

Product Type

  • Earthmoving Equipment
  • Material Handling Equipment
  • Heavy Construction Vehicles
  • Concrete & Road Construction Equipment
  • Others

Application

  • Residential
  • Commercial
  • Industrial
  • Infrastructure

Power Output

  • Below 100 HP
  • 101–200 HP
  • Above 201 HP

Propulsion Type

  • Diesel
  • Electric
  • Hybrid

End-User

  • Construction & Mining
  • Oil & Gas
  • Transportation
  • Others

Competitive Landscape

Key players competing in the construction machinery market include Caterpillar Inc., Komatsu Ltd., CNH Industrial NV, Liebherr-International Deutschland GmbH, and Kobelco Construction Machinery Co. Ltd. The construction machinery market is characterized by the presence of many international and regional players, which has led to a highly competitive market environment.

  • In January, 2021 - Caterpillar has introduced three new large excavators and two Ultra High Definition (UHD) demolition machines for the market in Europe, Asia and Africa. The large Cat 352, 374 and 395 are the three excavators, which weigh 50 tons, 72tons and 94tons respectively.

Construction Machinery Market Key Players

Table Of Content

Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Construction Machinery Market Overview
   4.1 Introduction
      4.1.1 Market Taxonomy
      4.1.2 Market Definition
      4.1.3 Macro-Economic Factors Impacting the Market Growth
   4.2 Construction Machinery Market Dynamics
      4.2.1 Market Drivers
      4.2.2 Market Restraints
      4.2.3 Market Opportunity
   4.3 Construction Machinery Market - Supply Chain Analysis
      4.3.1 List of Key Suppliers
      4.3.2 List of Key Distributors
      4.3.3 List of Key Consumers
   4.4 Key Forces Shaping the Construction Machinery Market
      4.4.1 Bargaining Power of Suppliers
      4.4.2 Bargaining Power of Buyers
      4.4.3 Threat of Substitution
      4.4.4 Threat of New Entrants
      4.4.5 Competitive Rivalry
   4.5 Global Construction Machinery Market Size & Forecast, 2023-2032
      4.5.1 Construction Machinery Market Size and Y-o-Y Growth
      4.5.2 Construction Machinery Market Absolute $ Opportunity

Chapter 5 Global Construction Machinery Market Analysis and Forecast By Product Type
   5.1 Introduction
      5.1.1 Key Market Trends & Growth Opportunities By Product Type
      5.1.2 Basis Point Share (BPS) Analysis By Product Type
      5.1.3 Absolute $ Opportunity Assessment By Product Type
   5.2 Construction Machinery Market Size Forecast By Product Type
      5.2.1 Earthmoving Equipment
      5.2.2 Material Handling Equipment
      5.2.3 Heavy Construction Vehicles
      5.2.4 Concrete & Road Construction Equipment
      5.2.5 Others
   5.3 Market Attractiveness Analysis By Product Type

Chapter 6 Global Construction Machinery Market Analysis and Forecast By Application
   6.1 Introduction
      6.1.1 Key Market Trends & Growth Opportunities By Application
      6.1.2 Basis Point Share (BPS) Analysis By Application
      6.1.3 Absolute $ Opportunity Assessment By Application
   6.2 Construction Machinery Market Size Forecast By Application
      6.2.1 Residential
      6.2.2 Commercial
      6.2.3 Industrial
      6.2.4 Infrastructure
   6.3 Market Attractiveness Analysis By Application

Chapter 7 Global Construction Machinery Market Analysis and Forecast By Power Output
   7.1 Introduction
      7.1.1 Key Market Trends & Growth Opportunities By Power Output
      7.1.2 Basis Point Share (BPS) Analysis By Power Output
      7.1.3 Absolute $ Opportunity Assessment By Power Output
   7.2 Construction Machinery Market Size Forecast By Power Output
      7.2.1 Below 100 HP
      7.2.2 101–200 HP
      7.2.3 Above 201 HP
   7.3 Market Attractiveness Analysis By Power Output

Chapter 8 Global Construction Machinery Market Analysis and Forecast By Propulsion Type
   8.1 Introduction
      8.1.1 Key Market Trends & Growth Opportunities By Propulsion Type
      8.1.2 Basis Point Share (BPS) Analysis By Propulsion Type
      8.1.3 Absolute $ Opportunity Assessment By Propulsion Type
   8.2 Construction Machinery Market Size Forecast By Propulsion Type
      8.2.1 Diesel
      8.2.2 Electric
      8.2.3 Hybrid
   8.3 Market Attractiveness Analysis By Propulsion Type

Chapter 9 Global Construction Machinery Market Analysis and Forecast By End-User
   9.1 Introduction
      9.1.1 Key Market Trends & Growth Opportunities By End-User
      9.1.2 Basis Point Share (BPS) Analysis By End-User
      9.1.3 Absolute $ Opportunity Assessment By End-User
   9.2 Construction Machinery Market Size Forecast By End-User
      9.2.1 Construction & Mining
      9.2.2 Oil & Gas
      9.2.3 Transportation
      9.2.4 Others
   9.3 Market Attractiveness Analysis By End-User

Chapter 10 Global Construction Machinery Market Analysis and Forecast by Region
   10.1 Introduction
      10.1.1 Key Market Trends & Growth Opportunities By Region
      10.1.2 Basis Point Share (BPS) Analysis By Region
      10.1.3 Absolute $ Opportunity Assessment By Region
   10.2 Construction Machinery Market Size Forecast By Region
      10.2.1 North America
      10.2.2 Europe
      10.2.3 Asia Pacific
      10.2.4 Latin America
      10.2.5 Middle East & Africa (MEA)
   10.3 Market Attractiveness Analysis By Region

Chapter 11 Coronavirus Disease (COVID-19) Impact 
   11.1 Introduction 
   11.2 Current & Future Impact Analysis 
   11.3 Economic Impact Analysis 
   11.4 Government Policies 
   11.5 Investment Scenario

Chapter 12 North America Construction Machinery Analysis and Forecast
   12.1 Introduction
   12.2 North America Construction Machinery Market Size Forecast by Country
      12.2.1 U.S.
      12.2.2 Canada
   12.3 Basis Point Share (BPS) Analysis by Country
   12.4 Absolute $ Opportunity Assessment by Country
   12.5 Market Attractiveness Analysis by Country
   12.6 North America Construction Machinery Market Size Forecast By Product Type
      12.6.1 Earthmoving Equipment
      12.6.2 Material Handling Equipment
      12.6.3 Heavy Construction Vehicles
      12.6.4 Concrete & Road Construction Equipment
      12.6.5 Others
   12.7 Basis Point Share (BPS) Analysis By Product Type 
   12.8 Absolute $ Opportunity Assessment By Product Type 
   12.9 Market Attractiveness Analysis By Product Type
   12.10 North America Construction Machinery Market Size Forecast By Application
      12.10.1 Residential
      12.10.2 Commercial
      12.10.3 Industrial
      12.10.4 Infrastructure
   12.11 Basis Point Share (BPS) Analysis By Application 
   12.12 Absolute $ Opportunity Assessment By Application 
   12.13 Market Attractiveness Analysis By Application
   12.14 North America Construction Machinery Market Size Forecast By Power Output
      12.14.1 Below 100 HP
      12.14.2 101–200 HP
      12.14.3 Above 201 HP
   12.15 Basis Point Share (BPS) Analysis By Power Output 
   12.16 Absolute $ Opportunity Assessment By Power Output 
   12.17 Market Attractiveness Analysis By Power Output
   12.18 North America Construction Machinery Market Size Forecast By Propulsion Type
      12.18.1 Diesel
      12.18.2 Electric
      12.18.3 Hybrid
   12.19 Basis Point Share (BPS) Analysis By Propulsion Type 
   12.20 Absolute $ Opportunity Assessment By Propulsion Type 
   12.21 Market Attractiveness Analysis By Propulsion Type
   12.22 North America Construction Machinery Market Size Forecast By End-User
      12.22.1 Construction & Mining
      12.22.2 Oil & Gas
      12.22.3 Transportation
      12.22.4 Others
   12.23 Basis Point Share (BPS) Analysis By End-User 
   12.24 Absolute $ Opportunity Assessment By End-User 
   12.25 Market Attractiveness Analysis By End-User

Chapter 13 Europe Construction Machinery Analysis and Forecast
   13.1 Introduction
   13.2 Europe Construction Machinery Market Size Forecast by Country
      13.2.1 Germany
      13.2.2 France
      13.2.3 Italy
      13.2.4 U.K.
      13.2.5 Spain
      13.2.6 Russia
      13.2.7 Rest of Europe
   13.3 Basis Point Share (BPS) Analysis by Country
   13.4 Absolute $ Opportunity Assessment by Country
   13.5 Market Attractiveness Analysis by Country
   13.6 Europe Construction Machinery Market Size Forecast By Product Type
      13.6.1 Earthmoving Equipment
      13.6.2 Material Handling Equipment
      13.6.3 Heavy Construction Vehicles
      13.6.4 Concrete & Road Construction Equipment
      13.6.5 Others
   13.7 Basis Point Share (BPS) Analysis By Product Type 
   13.8 Absolute $ Opportunity Assessment By Product Type 
   13.9 Market Attractiveness Analysis By Product Type
   13.10 Europe Construction Machinery Market Size Forecast By Application
      13.10.1 Residential
      13.10.2 Commercial
      13.10.3 Industrial
      13.10.4 Infrastructure
   13.11 Basis Point Share (BPS) Analysis By Application 
   13.12 Absolute $ Opportunity Assessment By Application 
   13.13 Market Attractiveness Analysis By Application
   13.14 Europe Construction Machinery Market Size Forecast By Power Output
      13.14.1 Below 100 HP
      13.14.2 101–200 HP
      13.14.3 Above 201 HP
   13.15 Basis Point Share (BPS) Analysis By Power Output 
   13.16 Absolute $ Opportunity Assessment By Power Output 
   13.17 Market Attractiveness Analysis By Power Output
   13.18 Europe Construction Machinery Market Size Forecast By Propulsion Type
      13.18.1 Diesel
      13.18.2 Electric
      13.18.3 Hybrid
   13.19 Basis Point Share (BPS) Analysis By Propulsion Type 
   13.20 Absolute $ Opportunity Assessment By Propulsion Type 
   13.21 Market Attractiveness Analysis By Propulsion Type
   13.22 Europe Construction Machinery Market Size Forecast By End-User
      13.22.1 Construction & Mining
      13.22.2 Oil & Gas
      13.22.3 Transportation
      13.22.4 Others
   13.23 Basis Point Share (BPS) Analysis By End-User 
   13.24 Absolute $ Opportunity Assessment By End-User 
   13.25 Market Attractiveness Analysis By End-User

Chapter 14 Asia Pacific Construction Machinery Analysis and Forecast
   14.1 Introduction
   14.2 Asia Pacific Construction Machinery Market Size Forecast by Country
      14.2.1 China
      14.2.2 Japan
      14.2.3 South Korea
      14.2.4 India
      14.2.5 Australia
      14.2.6 South East Asia (SEA)
      14.2.7 Rest of Asia Pacific (APAC)
   14.3 Basis Point Share (BPS) Analysis by Country
   14.4 Absolute $ Opportunity Assessment by Country
   14.5 Market Attractiveness Analysis by Country
   14.6 Asia Pacific Construction Machinery Market Size Forecast By Product Type
      14.6.1 Earthmoving Equipment
      14.6.2 Material Handling Equipment
      14.6.3 Heavy Construction Vehicles
      14.6.4 Concrete & Road Construction Equipment
      14.6.5 Others
   14.7 Basis Point Share (BPS) Analysis By Product Type 
   14.8 Absolute $ Opportunity Assessment By Product Type 
   14.9 Market Attractiveness Analysis By Product Type
   14.10 Asia Pacific Construction Machinery Market Size Forecast By Application
      14.10.1 Residential
      14.10.2 Commercial
      14.10.3 Industrial
      14.10.4 Infrastructure
   14.11 Basis Point Share (BPS) Analysis By Application 
   14.12 Absolute $ Opportunity Assessment By Application 
   14.13 Market Attractiveness Analysis By Application
   14.14 Asia Pacific Construction Machinery Market Size Forecast By Power Output
      14.14.1 Below 100 HP
      14.14.2 101–200 HP
      14.14.3 Above 201 HP
   14.15 Basis Point Share (BPS) Analysis By Power Output 
   14.16 Absolute $ Opportunity Assessment By Power Output 
   14.17 Market Attractiveness Analysis By Power Output
   14.18 Asia Pacific Construction Machinery Market Size Forecast By Propulsion Type
      14.18.1 Diesel
      14.18.2 Electric
      14.18.3 Hybrid
   14.19 Basis Point Share (BPS) Analysis By Propulsion Type 
   14.20 Absolute $ Opportunity Assessment By Propulsion Type 
   14.21 Market Attractiveness Analysis By Propulsion Type
   14.22 Asia Pacific Construction Machinery Market Size Forecast By End-User
      14.22.1 Construction & Mining
      14.22.2 Oil & Gas
      14.22.3 Transportation
      14.22.4 Others
   14.23 Basis Point Share (BPS) Analysis By End-User 
   14.24 Absolute $ Opportunity Assessment By End-User 
   14.25 Market Attractiveness Analysis By End-User

Chapter 15 Latin America Construction Machinery Analysis and Forecast
   15.1 Introduction
   15.2 Latin America Construction Machinery Market Size Forecast by Country
      15.2.1 Brazil
      15.2.2 Mexico
      15.2.3 Rest of Latin America (LATAM)
   15.3 Basis Point Share (BPS) Analysis by Country
   15.4 Absolute $ Opportunity Assessment by Country
   15.5 Market Attractiveness Analysis by Country
   15.6 Latin America Construction Machinery Market Size Forecast By Product Type
      15.6.1 Earthmoving Equipment
      15.6.2 Material Handling Equipment
      15.6.3 Heavy Construction Vehicles
      15.6.4 Concrete & Road Construction Equipment
      15.6.5 Others
   15.7 Basis Point Share (BPS) Analysis By Product Type 
   15.8 Absolute $ Opportunity Assessment By Product Type 
   15.9 Market Attractiveness Analysis By Product Type
   15.10 Latin America Construction Machinery Market Size Forecast By Application
      15.10.1 Residential
      15.10.2 Commercial
      15.10.3 Industrial
      15.10.4 Infrastructure
   15.11 Basis Point Share (BPS) Analysis By Application 
   15.12 Absolute $ Opportunity Assessment By Application 
   15.13 Market Attractiveness Analysis By Application
   15.14 Latin America Construction Machinery Market Size Forecast By Power Output
      15.14.1 Below 100 HP
      15.14.2 101–200 HP
      15.14.3 Above 201 HP
   15.15 Basis Point Share (BPS) Analysis By Power Output 
   15.16 Absolute $ Opportunity Assessment By Power Output 
   15.17 Market Attractiveness Analysis By Power Output
   15.18 Latin America Construction Machinery Market Size Forecast By Propulsion Type
      15.18.1 Diesel
      15.18.2 Electric
      15.18.3 Hybrid
   15.19 Basis Point Share (BPS) Analysis By Propulsion Type 
   15.20 Absolute $ Opportunity Assessment By Propulsion Type 
   15.21 Market Attractiveness Analysis By Propulsion Type
   15.22 Latin America Construction Machinery Market Size Forecast By End-User
      15.22.1 Construction & Mining
      15.22.2 Oil & Gas
      15.22.3 Transportation
      15.22.4 Others
   15.23 Basis Point Share (BPS) Analysis By End-User 
   15.24 Absolute $ Opportunity Assessment By End-User 
   15.25 Market Attractiveness Analysis By End-User

Chapter 16 Middle East & Africa (MEA) Construction Machinery Analysis and Forecast
   16.1 Introduction
   16.2 Middle East & Africa (MEA) Construction Machinery Market Size Forecast by Country
      16.2.1 Saudi Arabia
      16.2.2 South Africa
      16.2.3 UAE
      16.2.4 Rest of Middle East & Africa (MEA)
   16.3 Basis Point Share (BPS) Analysis by Country
   16.4 Absolute $ Opportunity Assessment by Country
   16.5 Market Attractiveness Analysis by Country
   16.6 Middle East & Africa (MEA) Construction Machinery Market Size Forecast By Product Type
      16.6.1 Earthmoving Equipment
      16.6.2 Material Handling Equipment
      16.6.3 Heavy Construction Vehicles
      16.6.4 Concrete & Road Construction Equipment
      16.6.5 Others
   16.7 Basis Point Share (BPS) Analysis By Product Type 
   16.8 Absolute $ Opportunity Assessment By Product Type 
   16.9 Market Attractiveness Analysis By Product Type
   16.10 Middle East & Africa (MEA) Construction Machinery Market Size Forecast By Application
      16.10.1 Residential
      16.10.2 Commercial
      16.10.3 Industrial
      16.10.4 Infrastructure
   16.11 Basis Point Share (BPS) Analysis By Application 
   16.12 Absolute $ Opportunity Assessment By Application 
   16.13 Market Attractiveness Analysis By Application
   16.14 Middle East & Africa (MEA) Construction Machinery Market Size Forecast By Power Output
      16.14.1 Below 100 HP
      16.14.2 101–200 HP
      16.14.3 Above 201 HP
   16.15 Basis Point Share (BPS) Analysis By Power Output 
   16.16 Absolute $ Opportunity Assessment By Power Output 
   16.17 Market Attractiveness Analysis By Power Output
   16.18 Middle East & Africa (MEA) Construction Machinery Market Size Forecast By Propulsion Type
      16.18.1 Diesel
      16.18.2 Electric
      16.18.3 Hybrid
   16.19 Basis Point Share (BPS) Analysis By Propulsion Type 
   16.20 Absolute $ Opportunity Assessment By Propulsion Type 
   16.21 Market Attractiveness Analysis By Propulsion Type
   16.22 Middle East & Africa (MEA) Construction Machinery Market Size Forecast By End-User
      16.22.1 Construction & Mining
      16.22.2 Oil & Gas
      16.22.3 Transportation
      16.22.4 Others
   16.23 Basis Point Share (BPS) Analysis By End-User 
   16.24 Absolute $ Opportunity Assessment By End-User 
   16.25 Market Attractiveness Analysis By End-User

Chapter 17 Competition Landscape 
   17.1 Construction Machinery Market: Competitive Dashboard
   17.2 Global Construction Machinery Market: Market Share Analysis, 2023
   17.3 Company Profiles (Details – Overview, Financials, Developments, Strategy) 
      17.3.1 Caterpillar Inc.
Komatsu Ltd.
Volvo Construction Equipment
Hitachi Construction Machinery Co., Ltd.
Liebherr Group
Xuzhou Construction Machinery Group (XCMG)
Sany Group
Zoomlion Heavy Industry Science & Technology Co., Ltd.
Doosan Infracore
JCB (J.C. Bamford Excavators Limited)
Hyundai Construction Equipment Co., Ltd.
Terex Corporation
CNH Industrial N.V.
Kubota Corporation
Wirtgen Group
Manitou Group
Takeuchi Manufacturing Co., Ltd.
Atlas Copco AB
Sumitomo Construction Machinery Co., Ltd.
Shantui Construction Machinery Co., Ltd.

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