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Building And Road Construction Equipment Market Size Forecast: How Large Could The Market Become By 2030?
The building and road construction equipment market has demonstrated substantial growth in recent years. It is anticipated to expand from $218.94 billion in 2025 to $238.92 billion in 2026, achieving a compound annual growth rate (CAGR) of 9.1%. This historical expansion can be attributed to factors such as infrastructure development programs, increasing urbanization, the expansion of road networks, public construction spending, and housing development projects.
The building and road construction equipment market size is projected to experience robust expansion in the coming years, anticipated to reach $338.45 billion by 2030, exhibiting a compound annual growth rate (CAGR) of 9.1%. This anticipated growth is driven by factors such as intelligent infrastructure funding, eco-friendly building projects, the embrace of self-operating machinery, the development of transportation routes, and the demand for environmentally sound construction methods. Key developments expected during this period involve the integration of autonomous construction gear, an increase in electric construction machinery, the incorporation of telematics and fleet tracking systems, the proliferation of equipment rental models, and an emphasis on energy-efficient heavy machinery.
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Building And Road Construction Equipment Market Industry Drivers: What Is Driving Revenue Growth?
Elevated construction endeavors are projected to fuel the expansion of the building and road construction equipment market moving forward. Construction encompasses the process of assembling various elements to form a structure at a specific site, following a detailed design and plan. Building and road construction equipment offers advantages to these activities by ensuring timely project completion, enhancing brand recognition, delivering quality work, reducing costs, enabling diverse tasks, ensuring safety, and fostering technological advancements. For example, in July 2024, data from the US Census Bureau, a US-based government agency, indicated that the value of construction operations grew from $2.01 trillion in May 2023 to $2.14 trillion in May 2024. Therefore, the rise in construction activities is stimulating the growth of the building and road construction equipment market.
Building And Road Construction Equipment Market Segmentation And Category Breakdown
The building and road construction equipment market covered in this report is segmented –
1) By Product Type: Motor Graders, Road Roller, Wheel Loaders, Concrete Mixer, Bulldozers, Other Product Types
2) By Equipment Category: Earthmoving Equipment, Heavy Construction Vehicles
3) By Application: Building Construction, Road Construction
Subsegments:
1) By Motor Graders: Crawler Graders, Wheeled Graders
2) By Road Roller: Single Drum Rollers, Double Drum Rollers, Pneumatic Rollers
3) By Wheel Loaders: Small Wheel Loaders, Medium Wheel Loaders, Large Wheel Loaders
4) By Concrete Mixer: Drum Mixers, Pan Mixers, Twin-Shaft Mixers, Volumetric Mixers
5) By Bulldozers: Crawler Bulldozers, Wheel Bulldozers
6) By Other Product Types: Backhoe Loaders, Excavators, Skid Steer Loaders, Dump Trucks, Asphalt Pavers
#Building And Road Construction Equipment Market Growth Trends: What Is Influencing The Future Outlook?
Leading companies in the building and road construction equipment market are concentrating on developing innovative solutions, such as construction excavators and forklifts, to enhance productivity and efficiency on job sites. Construction excavators and forklifts represent heavy machinery employed for earthmoving, material handling, and lifting tasks at construction locations, with excavators focusing on digging and demolition, while forklifts manage the transportation and stacking of materials. For instance, in October 2023, HD Hyundai Construction Equipment, a South Korea-based provider of highest-quality equipment, unveiled a new product lineup, including excavators, wheel loaders, and electric forklifts, at their factory in Chakan, Pune. The excavator range encompasses the SMART Plus Series with three models (8-ton, 14-ton, and 15-ton) for infrastructure uses and the 50-ton HX520L for heavy-duty mining. Additionally, two wheel loader models (3 tons and 5 tons) and electric forklifts (2.5 tons and 3.0 tons) were introduced to improve material handling efficiency.
Building And Road Construction Equipment Market Competitive Analysis Of Major Industry Participants
Major companies operating in the building and road construction equipment market are Volvo Group, Caterpillar Inc., Komatsu Ltd., Liebherr Group, Hitachi Construction Machinery Co. Ltd., J.C. Bamford Excavators Limited (JCB), Terex Corporation, Deere and Company, Sany Heavy Industry Co. Ltd., Wacker Neuson SE, CNH Industrial NV, Xuzhou Construction Machinery Group Co. Ltd. (XCMG), Zoomlion Heavy Industry Science and Technology Co. Ltd., Doosan Infracore Co. Ltd., Hyundai Heavy Industries Co. Ltd., Wirtgen Group, Kobelco Construction Machinery Co. Ltd., Bell Equipment Ltd., Case Construction Equipment, FAYAT Group, Gomaco Corporation Inc., HAMM AG, Kubota Corporation, LiuGong Machinery Corp. Ltd., Manitou Group, Putzmeister Holding GmbH, Sennebogen Maschinenfabrik GmbH, Tadano Ltd., Takeuchi Mfg. Co. Ltd.
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Building And Road Construction Equipment Market Geographic Landscape: Which Region Dominates Industry Growth?
Asia-Pacific was the largest region in the building and road construction equipment market in 2025. Western Europe was the second-largest region in the building and road construction equipment market. The regions covered in the building and road construction equipment market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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Wasay has over a decade of experience in market research, data modelling, and analytics, with prior experience at GlobalData and Decision Tree Consulting Services. At The Business Research Company , he leads research operations across syndicated studies, customized consulting engagements, and the Global Market Model platform. His professional experience includes supporting organizations such as Boston Consulting Group, KPMG, and Ernst & Young. Wasay holds a degree in Electronics and Communications Engineering, postgraduate management qualifications from International Management Institute Belgium and Indian School of Business and Entrepreneurship, and completed the Integrated Program in Business Analytics from Indian Institute of Management Indore.