Gitnux/Report 2026

Construction Equipment Industry Statistics

Electric and hybrid construction equipment are set to reach USD 25 billion by 2030—explore market stats, adoption signals, and forecasts.
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July 12, 2026Updated
Construction Equipment Industry Statistics
Marie LarsenWritten by Marie Larsen·Edited by Megan Gallagher·Fact-checked by Rebecca Hargrove
Published ·Updated
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Construction equipment demand is shaped by where projects expand and which machines dominate job sites—from excavators and wheel loaders to cranes and bulldozers. Explore regional shares and revenue patterns across 2023, including Asia-Pacific, North America, and Europe. You’ll also see how autonomy, electrification, telematics, and 3D-printed parts are changing operations through 2030.

Key Takeaways

  • Excavators comprised 35% of global construction equipment sales in 2023
  • Wheel loaders accounted for 22% of earthmoving equipment market in 2023
  • Cranes represented 18% of lifting equipment segment value USD 35 billion in 2023
  • The global construction equipment market size was valued at USD 195.79 billion in 2023 and is projected to grow at a CAGR of 4.8% from 2024 to 2030
  • In 2022, the North American construction equipment market generated revenue of approximately USD 45.2 billion
  • Asia-Pacific region accounted for 45% of the global construction equipment market share in 2023, valued at over USD 88 billion
  • North America accounted for 25% of global construction equipment demand in 2023
  • Asia-Pacific dominated with 47% market share in construction equipment sales in 2023
  • Europe represented 20% of worldwide construction equipment production in 2022
  • In 2023, Caterpillar Inc. sold 192,000 units of construction machines worldwide
  • Komatsu Ltd. produced 58,000 excavators globally in fiscal 2023
  • Volvo CE delivered 45,200 machines in 2023 across all segments
  • The adoption of autonomous construction equipment is projected to grow at 15.2% CAGR to 2030
  • Electric and hybrid construction equipment market expected to reach USD 25 billion by 2030
  • Telematics in construction equipment penetration to hit 65% by 2028 globally

In 2023, the market hit USD 195.79 billion with growing demand across regions and rapid adoption of electric, autonomous and telematics technology.

Related reading

01 · Category

Equipment Types27 stats

01
Excavators comprised 35% of global construction equipment sales in 2023
02
Wheel loaders accounted for 22% of earthmoving equipment market in 2023
03
Cranes represented 18% of lifting equipment segment value USD 35 billion in 2023
04
Bulldozers made up 12% of dozing equipment sales with 150,000 units globally in 2023
05
Dump trucks held 25% share in hauling equipment at USD 28 billion in 2023
06
Backhoe loaders were 15% of compact equipment market USD 12.5 billion in 2023
07
Motor graders comprised 8% of road construction equipment sales 50,000 units in 2023
08
Telehandlers accounted for 20% of material handling in construction USD 13 billion in 2023
09
Asphalt pavers represented 14% of paving equipment market USD 4.2 billion in 2023
10
Skid steer loaders held 28% of compact track loader segment in 2023
11
Tower cranes were 40% of high-rise construction cranes used globally in 2023
12
Compact excavators made up 45% of mini equipment sales 500,000 units in 2023
13
Rough terrain cranes accounted for 22% of mobile crane sales in 2023
14
Trenchers comprised 10% of underground equipment market USD 1.8 billion in 2023
15
Forklifts in construction held 30% of material handling USD 20 billion in 2023
16
Drilling rigs for construction were 16% of foundation equipment sales in 2023
17
Rollers and compactors 18% of compaction equipment USD 6.5 billion in 2023
18
Scissor lifts represented 35% of aerial work platforms in construction 2023
19
Pipeline equipment held 9% niche market USD 3.1 billion in 2023
20
Mining dump trucks crossover to construction 12% share USD 15 billion in 2023
21
Hydraulic hammers attachments 25% of demolition equipment sales in 2023
22
Concrete pumps 22% of concrete machinery USD 14 billion in 2023
23
Milling machines for roads 11% of milling segment 8,000 units in 2023
24
Boom lifts 28% of telescopic handlers in construction 2023
25
Teleskid steers emerging 5% of compact equipment in 2023
26
Piling rigs 13% of foundation equipment USD 5.2 billion in 2023
27
Electric scissor lifts 18% growth in access equipment 2023
Interpretation

Equipment Types Interpretation

In 2023, equipment types were dominated by a few categories with excavators leading at 35% of global sales while wheel loaders and dump trucks followed at 22% and 25%, showing that earthmoving and hauling machines drive most of the market momentum in the Equipment Types landscape.

02 · Category

Market Size And Growth30 stats

01
The global construction equipment market size was valued at USD 195.79 billion in 2023 and is projected to grow at a CAGR of 4.8% from 2024 to 2030
02
In 2022, the North American construction equipment market generated revenue of approximately USD 45.2 billion
03
Asia-Pacific region accounted for 45% of the global construction equipment market share in 2023, valued at over USD 88 billion
04
The European construction equipment market reached EUR 28.5 billion in sales value in 2022
05
U.S. construction equipment market size stood at USD 38.4 billion in 2023, growing at 5.2% CAGR through 2030
06
Global rental market for construction equipment was valued at USD 112.6 billion in 2023
07
China's construction equipment market was worth CNY 450 billion in 2022, representing 38% of global demand
08
The market for electric construction equipment reached USD 5.2 billion in 2023
09
India's construction equipment industry grew to INR 85,000 crore in FY2023
10
Middle East construction equipment market valued at USD 12.3 billion in 2022
11
Latin America construction equipment market size was USD 18.7 billion in 2023
12
Australia's construction equipment sales totaled AUD 12.5 billion in 2022
13
South Korea's market for construction machinery hit KRW 25 trillion in 2023
14
Global used construction equipment market valued at USD 78.4 billion in 2023
15
Japan construction equipment market revenue was JPY 2.1 trillion in FY2022
16
Africa construction equipment market grew to USD 6.8 billion in 2023
17
Russia construction equipment market size reached RUB 350 billion in 2022
18
Southeast Asia market for construction equipment was USD 22.4 billion in 2023
19
UK construction equipment market valued at GBP 4.2 billion in 2022
20
Brazil's market stood at BRL 45 billion for construction machinery in 2023
21
Germany construction equipment sales hit EUR 7.8 billion in 2022
22
Global mini excavator market within construction equipment was USD 28.5 billion in 2023
23
Turkey construction equipment market revenue USD 3.2 billion in 2022
24
Saudi Arabia market size for construction equipment USD 8.9 billion in 2023
25
Canada construction equipment industry valued at CAD 15.6 billion in 2022
26
Global road construction equipment market USD 142.3 billion in 2023
27
Indonesia construction machinery market IDR 120 trillion in 2023
28
France equipment market EUR 5.1 billion in 2022
29
Mexico construction equipment sales USD 4.7 billion in 2023
30
Global material handling equipment market in construction USD 65.2 billion in 2023
Interpretation

Market Size And Growth Interpretation

With the global construction equipment market valued at USD 195.79 billion in 2023 and expected to expand at a 4.8% CAGR, the market size and growth picture is clearly moving toward steady, scalable demand led by Asia-Pacific at 45% share and over USD 88 billion in 2023.

03 · Category

Regional Distribution25 stats

01
North America accounted for 25% of global construction equipment demand in 2023
02
Asia-Pacific dominated with 47% market share in construction equipment sales in 2023
03
Europe represented 20% of worldwide construction equipment production in 2022
04
China held 40% of global excavator market share in 2023
05
U.S. market share in North America construction equipment was 65% in 2023
06
India contributed 8% to Asia-Pacific construction equipment growth in 2023
07
Middle East & Africa region grew at 6.2% CAGR from 2018-2023 in equipment market
08
Latin America accounted for 7% of global market in 2023, led by Brazil at 4%
09
Japan represented 12% of Asia-Pacific equipment exports in 2022
10
Germany held 28% of European construction equipment market in 2022
11
South Korea's share in global construction machinery exports was 5.5% in 2023
12
Australia comprised 3% of Oceania-Pacific market but grew 7% YoY in 2023
13
Russia accounted for 2.5% of global production despite sanctions in 2022
14
Saudi Arabia led GCC countries with 45% regional market share in 2023
15
UK held 15% of Western Europe equipment sales in 2022
16
Brazil's share in Latin America was 55% of equipment sales in 2023
17
Indonesia grew fastest in Southeast Asia at 9% CAGR 2020-2023
18
France represented 18% of EU construction equipment market in 2022
19
Canada held 25% of North American market outside U.S. in 2023
20
Turkey's market share in Europe-MENA was 4.2% in 2023
21
Africa sub-Saharan region grew 5.8% in equipment demand 2022-2023
22
Mexico accounted for 30% of Latin America imports in 2023
23
Southeast Asia held 15% of APAC market share in 2023
24
Italy contributed 12% to Southern Europe equipment sales in 2022
25
UAE represented 25% of Middle East equipment spending in 2023
Interpretation

Regional Distribution Interpretation

For the Regional Distribution of construction equipment, Asia-Pacific is clearly the center of gravity with 47% of 2023 sales, while China alone commands 40% of the global excavator market, even as North America still takes 25% of demand and the U.S. holds 65% of that regional share in 2023.

More related reading

04 · Category

Sales And Production30 stats

01
In 2023, Caterpillar Inc. sold 192,000 units of construction machines worldwide
02
Komatsu Ltd. produced 58,000 excavators globally in fiscal 2023
03
Volvo CE delivered 45,200 machines in 2023 across all segments
04
Global excavator sales reached 1.2 million units in 2023
05
Wheel loader production worldwide totaled 320,000 units in 2022
06
U.S. construction equipment sales hit 258,000 units in 2023
07
China manufactured 450,000 bulldozers and graders in 2023
08
John Deere construction equipment sales revenue USD 12.5 billion in FY2023
09
Europe saw 210,000 units of earthmoving equipment sold in 2022
10
Hitachi Construction Machinery sold 72,000 units in FY2023
11
Global backhoe loader sales 145,000 units in 2023
12
Sany Heavy Industry produced 300,000 construction machines in 2023
13
Japan exported 15,000 construction equipment units in 2022
14
India sold 95,000 construction equipment units in FY2023
15
XCMG Group output reached 200,000 units in 2023
16
Brazil construction equipment sales 55,000 units in 2023
17
Liebherr produced 120,000 machines globally in 2022
18
Global crane sales 130,000 units in 2023
19
Korea exported 8,500 construction machines in 2023
20
Doosan Infracore sales 42,000 units in 2023
21
Australia new equipment sales 28,000 units in 2022
22
LiuGong Machinery produced 85,000 units in 2023
23
Middle East equipment imports 25,000 units in 2023
24
Global dump truck sales 95,000 units in 2023
25
Kubota construction equipment sales 55,000 units FY2023
26
Russia equipment production 18,000 units in 2022
27
Southeast Asia sales 65,000 units in 2023
28
Terex Corporation sold 22,000 machines in 2023
29
UK equipment registrations 24,500 units in 2022
30
Zoomlion produced 150,000 units in 2023
Interpretation

Sales And Production Interpretation

In 2023, strong sales and output across key machine types stood out as global excavator sales hit 1.2 million units while Caterpillar sold 192,000 construction machines worldwide and Volvo CE delivered 45,200 machines, showing that production capacity is translating directly into market demand.
report visual · Key figures

2023 Equipment Sales Shares: How the Biggest Segments Stack Up

Top categories account for a large share of construction equipment sales in 2023, led by excavators and cranes.

35%
Excavators comprised 35% of global construction equipment sales in 2023
22%
Wheel loaders accounted for 22% of earthmoving equipment market in 2023
40%
Tower cranes were 40% of high-rise construction cranes used globally in 2023
18%
Cranes represented 18% of lifting equipment segment value USD 35 billion in 2023
25%
Dump trucks held 25% share in hauling equipment at USD 28 billion in 2023
Reference

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APA
Marie Larsen. (2026, February 13). Construction Equipment Industry Statistics. Gitnux. https://gitnux.org/construction-equipment-industry-statistics
MLA
Marie Larsen. "Construction Equipment Industry Statistics." Gitnux, 13 Feb 2026, https://gitnux.org/construction-equipment-industry-statistics.
Chicago
Marie Larsen. 2026. "Construction Equipment Industry Statistics." Gitnux. https://gitnux.org/construction-equipment-industry-statistics.

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