Delray Beach, FL, May 27, 2025 (GLOBE NEWSWIRE) — The construction equipment market is projected to grow from USD 148.02 billion in 2024 to USD 186.62 billion by 2030 at a CAGR of 3.9%, as per the recent study by MarketsandMarkets™. The construction equipment industry is expanding in the Asia Pacific due to growing urbanization, increased infrastructure development in Asia’s emerging economies, population expansion, and rising disposable income. Technological advancements in construction equipment, such as automation, telematics integration, and the adoption of AI and 5G connectivity, will increase productivity, safety, and fuel efficiency, propelling the demand for new and advanced construction equipment.
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487 – Tables
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List of Key Players in Construction Equipment Market:
- Komatsu (Japan)
- Doosan Enerbility (South Korea)
- Zoomlion Heavy Industry Science & Technology Co., Ltd. (China)
- Kobelco Construction Machinery Co., Ltd. (Japan)
- HD Hyundai Construction Equipment Co., Ltd. (South Korea)
- Kubota Corporation (Japan)
- YANMAR HOLDINGS CO., LTD. (Japan)
- Sumitomo Construction Machinery Co., Ltd. (Japan)
- Hitachi Construction Machinery Co., Ltd. (Japan)
- SANY Group (China)
Drivers, Opportunities and Challenges in Construction Equipment Market:
- Driver: Increasing Demand for Sustainable Construction Solutions
- Restraint: Regulations and International Trade Policies
- Opportunity: Rapid Digitalization of Services
- Challenge: Battery-related Issues in Electric Equipment
Key Findings of the Study:
- The diesel segment is expected to lead the construction equipment market by propulsion.
- Infrastructure is projected to be the fastest-growing segment of the construction equipment market by application.
- Asia is projected to be the largest market for construction equipment.
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Crawler excavator is estimated to account for the largest market in 2025.
Crawler excavators are estimated to have the largest market share in the global construction equipment market in terms of value. Crawler excavators are preferred for their ability to operate in diverse terrains and handle heavy loads, making them ideal for excavation, grading, and demolition tasks. Moreover, technological advancements, including GPS and telematics, have enhanced their productivity, further propelling their demand in the construction sector. The key players in the construction equipment market offering crawler excavators are Caterpillar (US), Komatsu (Japan), Hitachi Construction Machinery Co., Ltd. …