Gitnux/Report 2026

Construction Machinery Industry Statistics

The global construction equipment market is projected to hit USD 252.4 billion by 2032, growing from a USD 171.7 billion base in 2023 at a 4.3% CAGR. Regional momentum is anything but uniform, with Asia Pacific forecast at 6.2% and Europe at 3.0%, plus rental growth to USD 135.2 billion by 2030 as OEM financial results and machine technology claims reveal where demand and efficiency gains are most likely to land.
292Statistics
95Sources
12Sections
1Visuals
48mRead
November 11, 2026Updated
Construction Machinery Industry Statistics
Samuel NorbergWritten by Samuel Norberg·Edited by Megan Gallagher·Fact-checked by Rebecca Hargrove
Published ·Updated
How this report is researched
01Editorial Scope

Gitnux editors write the brief first: the topic, the inclusion rules, and the frame for what belongs.

02Source Research

Agents search the published record and log every extracted figure back to the passage it came from.

Read our full methodology →

Search agents attach provenance to every extracted figure.

Next review: within 31 days

01 Industry overview

The construction machinery industry at a glance

Global construction equipment sales reached $246.6 billion in 2025, rising 3.8% year over year, while electrification, infrastructure investment and digital services reshape competition.

$246.6B[46]
Global sales, 2025
6.1%[19]
Forecast CAGR, 2026–2035
300,000[80]
European sector employment
15.2%[46]
Caterpillar global share, 2025
Market size
Global construction equipment sales were $246.6 billion in 2025, according to KHL’s Yellow Table ranking. The United States machinery-for-construction, mining and quarrying market reached $30.0 billion in 2025.[46][81]
Forecast & CAGR
Global Market Insights forecasts the market to increase from $169.6 billion in 2026 to $289.5 billion in 2035, representing a 6.1% CAGR. Grand View Research projects a different market definition at $242.2 billion in 2025 and a 5.3% CAGR through 2033.[19][82]
Market share & regions
Asia-based manufacturers accounted for 45% of the top 50 companies’ combined revenue in 2025, compared with 28% for Europe and 27% for North America. Asia-Pacific represented 42.9% of global market revenue in 2025 in Grand View Research’s market definition.[46][82]
Segmentation
Excavators represented 51.48% of the construction equipment market in 2026, according to Mordor Intelligence. Internal-combustion equipment accounted for 88.69% of propulsion demand, while hybrid battery-electric equipment was forecast to grow at 21.8% annually from 2027 to 2032.[83]
Key players & concentration
Caterpillar led global construction equipment manufacturers in 2025 with $37.5 billion in sales and a 15.2% share, followed by Komatsu with 11%. The top five manufacturers were Caterpillar, Komatsu, XCMG, John Deere and Liebherr.[46][84]
Pricing
Caterpillar reported $817 million of unfavorable price realization in 2025, although higher equipment volumes lifted total sales and revenues to $67.589 billion. Its Construction Industries segment generated $25.060 billion in 2025, down 2% from 2024.[58]
Trends, drivers & challenges
Demand is supported by infrastructure, urbanization, data-center and energy construction, while manufacturers face tariffs, financing costs and labor shortages. Caterpillar said higher tariffs contributed to unfavorable manufacturing costs in 2025, and its dealer inventory increased by about $900 million during the year.[85][58]
Consumer behavior & competition
Equipment buyers increasingly compare total ownership cost, uptime, financing, rental availability and aftermarket support rather than purchase price alone. Caterpillar cited elevated order rates and a robust backlog as support for construction-equipment end-user sales growth in 2026, while its dealer network and financing services remain central to customer access.[58][85]
M&A
Volvo Construction Equipment completed its acquisition of Swecon in February 2026 for an enterprise value of SEK 7 billion. The transaction added operations in Sweden, Germany and the Baltics, including 1,400 employees and 2024 revenue of SEK 10 billion.[28]
Regulation
EU Regulation 2023/1230 will apply from January 20, 2027, replacing the Machinery Directive and setting updated safety and conformity requirements. Separately, EU rules for non-road mobile machinery progressively reduce gaseous and particulate emissions from combustion engines.[86][87]
Latest news
The latest major sector development identified was Volvo CE’s February 1, 2026 completion of the Swecon acquisition. KHL’s 2025 Yellow Table also reported record global construction equipment sales of $246.6 billion, up 3.8% from the prior year.[28][46]

02 Ranking

Top 10 Companies in the Construction Machinery Industry

The leading companies in the construction machinery industry, ranked on market impact, performance, momentum, innovation and brand popularity.

Updated November 11, 2026 · Next review December 11, 2026

Ranked by Overall score · How we score ↓

Editor's top 3 picks

Where to start, by need.

  1. #1 Overall · Leader in construction equipment

    SANY

    CN

    Ranked #1 · 9.3 · Construction equipment

    Why we picked it: SANY reports 2025 revenue of $12.49 billion, with its segments led by excavators, concrete and hoisting machinery.

    See in ranking ↓Visit sanyglobal.com ↗

  2. #2 overall

    XCMG

    CN

    Ranked #2 · 9.0 · Construction equipment

    Why we picked it: full-line construction machinery for global construction equipment segment

    See in ranking ↓Visit xcmgglobal.com ↗

  3. #3 overall

    Volvo Group

    SE

    Ranked #3 · 8.9 · Construction equipment

    Why we picked it: Volvo Construction Equipment reported SEK 81.641 billion in 2025 net sales within construction equipment and infrastructure machinery.

    See in ranking ↓Visit volvogroup.com ↗

Pick 1 is the #1 company overall. No other segment places in the top 5, so picks 2 and 3 follow rank.

Full ranking

Sort by
Top 10 companies in the construction machinery industry, 2026 – Gitnux ranking
#CompanyOverall ↓Company snapshot
1

SANY

Construction equipment · CN

9.3
2

XCMG

Construction equipment · CN

9.0
3

Volvo Group

Construction equipment · SE

8.9
4

Komatsu

Construction equipment · JP

8.8
5

Caterpillar

Construction equipment · US

8.7
6

Metso

Crushing and screening equipment · FI

8.3
7

Deere & Company

Construction equipment · US

8.3
8

HD Construction Equipment

Construction equipment · KR

8.2
9

Epiroc

Construction equipment · SE

8.2
10

CNH Industrial

Construction equipment · NL

7.6

How we score

  • Impact (30%): scale and weight in the market (revenue, market share, employees, market position).
  • Performance (20%): recent revenue growth and operating margin; an analyst assessment where a company does not publish them.
  • Momentum (20%): growth trajectory and future potential.
  • Innovation (15%): R&D intensity and how technologically advanced the company is.

Popularity (brand search demand, 15%) counts toward Overall but is not published as a column. Overall leaves out what is not known.

Scale Scores are shown on a 7–10 scale with one decimal; bars start at 7.0.

Cadence Recalculated when new figures are published; next review December 11, 2026.

Independence. Rankings are editorially independent. Scores, ranks, picks and the verdict follow the method above; no company can pay to change them.

Cite this ranking

APA

Samuel Norberg. (2026, February 13). Top 10 companies in the construction machinery industry. In Construction Machinery Industry Statistics. Gitnux. https://gitnux.org/construction-machinery-industry-statistics/#top-companies

report visual · Projection

Shipments of agriculture, construction, and mining machinery manufacturing (United States)

Shipments of agriculture, construction, and mining machinery manufacturing grew from 83,095,502 thousands of U.S. dollars in 2020 to 107,508,175 thousands of U.S. dollars in 2024.

$83.1M
Start
+6.65%
CAGR · 4y
$107.5M
Projected
20202024
source-verifiedfred.stlouisfed.org2024

04 Statistics

Technology & Innovation

Technology adoption shows fast movement from early AI tools to broader workflow use. In the machinery subsector period cited, 442 cyberattacks were targeted.

AI in the construction machinery industry

  • 74% of U.S. construction businesses reported regularly using AI in at least some workflows in 2025.[1]
  • 1.4% of U.S. construction businesses reported using AI tools in February 2024.[2]
  • 94% of AEC professionals already using AI expected to increase usage in 2026.[3]
  • 27% of global architecture, engineering and construction professionals reported using AI in their operations in 2025.[3]
  • 28% of U.S. construction businesses reported integrating AI across many or all business areas in 2025.[1]
  • 44% of U.S. construction firms expected to increase AI investment in 2025.[4]

Automation in the construction machinery industry

  • 7% of U.S. construction firms expected to increase investment in robotics in 2025.[4]
  • 442 cyberattacks targeted the machinery subsector of capital-goods and infrastructure industries in the reported period.[5]
  • 15% of U.S. construction firms expected to increase investment in autonomous equipment or vehicles in 2025.[4]
  • 7% of U.S. construction firms expected to increase investment in 3-D printing in 2025.[4]
  • 30 research papers on autonomous earthwork machinery were published in 2024, the peak identified in a recent review.[6]

Digital Transformation in the construction and real estate sector (sector benchmark)

  • Among 933 engineering and construction businesses surveyed, 41% were already using mobile apps in 2024.[7]
  • Among 933 engineering and construction businesses surveyed, 47% were already using data analytics in 2024.[7]
  • Among 933 engineering and construction businesses surveyed, 38% were already using building information modelling in 2024.[7]
  • Across Australia’s building and construction industry, 64% of organisations invested in data and digitalisation during the 12 months before the 2025 survey.[8]

Technology Adoption in the construction and real estate sector (sector benchmark)

  • Among ICI contractors surveyed in 2024, 44% reported experience using building information modelling.[9]
  • Among ICI contractors surveyed in 2024, 43% reported experience using jobsite data-collection applications.[9]
  • Among ICI contractors surveyed in 2024, 35% reported experience using advanced building materials.[9]
  • Among ICI contractors surveyed in 2024, 11% reported experience using artificial intelligence.[9]

Cloud Computing in the construction and real estate sector (sector benchmark)

  • Across capital-projects and infrastructure organisations surveyed globally, 9% planned to adopt cloud technology within the next 12 months in 2025.[10]
  • Among 933 engineering and construction businesses surveyed, 43% were already using construction-management cloud software in 2024.[7]
  • Among capital-projects and infrastructure organisations surveyed globally, 2% neither used cloud technology nor planned to use it within 12 months in 2025.[10]
  • Across capital-projects and infrastructure organisations surveyed globally, 89% were currently using cloud technology in 2025.[10]

Big Data in the construction and real estate sector (sector benchmark)

  • Across construction businesses, only one-third receive daily insights from at least one data source, according to a 2023 survey.[11]
  • Across European enterprises, big-data analytics adoption in construction was 4% in the latest Eurostat-based data reported by the OECD.[12]
  • Across capital-projects and infrastructure organisations surveyed globally, 48% were currently using big data and Internet-of-Things technologies in 2025.[10]
  • Across capital-projects and infrastructure organisations surveyed globally, 30% planned to adopt big data and Internet-of-Things technologies within 12 months in 2025.[10]
  • Across real estate investors, 60% report that a formal data initiative is underway at their firm, based on an EY survey of more than 50 executives.[13]
  • Across global real estate owners and investors, 61% remain dependent on legacy technology infrastructures, according to Deloitte’s 2024 outlook survey.[14]

IoT in the construction and real estate sector (sector benchmark)

  • Across smart-building technology adopters, 39% use cloud-based building-management or automation systems, while 20% use hybrid systems, in 2024.[15]

05 Statistics

Data & Analytics

Equipment operators report near-universal deployment of equipment-management technologies, while fleet analytics and telematics use remain uneven. 99% of equipment operators deployed at least one technology for equipment management in 2025.

Business intelligence in the construction machinery industry

  • 37% of construction organizations had implemented technology for sharing site or project-management data in 2023.[16]
  • 99% of equipment operators had deployed at least one technology for equipment management in 2025.[17]
  • 42% of construction fleets used safety-management systems in the 2025 equipment-management survey.[17]
  • 88% of equipment operators planned efficiency investments during the following 12 months in 2025.[17]
  • 35% of construction fleets used remote monitoring and control in the 2025 equipment-management survey.[17]
  • 43% of construction fleets used data-analytics or business-intelligence tools in the 2025 equipment-management survey.[17]

Data analytics in the construction machinery industry

  • 45% of construction-fleet respondents said none or fewer than 10% of their machines were telematics-capable in 2023.[16]
  • 51% of construction firms used mobile applications for equipment inspections in 2023.[16]
  • 75% of construction fleets using machine data monitored machine hours or fuel consumption in 2023.[16]
  • 1.4 million connected Caterpillar assets generated machine data for centralized processing in 2023.[18]
  • 75% of construction fleets using machine data used it to schedule maintenance in 2023.[16]
  • 73.25% fault-detection accuracy was achieved by a recurrent-neural-network model using construction-equipment telematics data in a 2024 study.[19]

Data Quality in the construction and real estate sector (sector benchmark)

  • Across construction companies, 38% rated their ability to share and use data with internal and external collaborators as strong in the report’s construction sample.[20]
  • Across construction professionals, 72% said they spend more than three hours gathering and preparing data before it is ready for analysis in a 2026 survey.[21]
  • Across UK housing providers, 48% were totally confident in their real-estate asset data in 2022, compared with 34% confident in management and maintenance data.[22]
  • Across UK housing providers, only 23% were confident in tenant or customer data in 2022, the lowest confidence level among the data categories surveyed.[22]
  • Across institutional real estate, data quality received an average self-rating of 6.2 out of 10 in 2026, based on 72 professionals across 38 firms.[23]
  • Across construction professionals, 76% said departments frequently or occasionally work from different systems and data sources in a 2026 survey.[21]

Data Governance in the construction and real estate sector (sector benchmark)

  • Across US construction owners requiring data governance plans, 19% required them on a majority of projects in the 2024–2025 survey period.[24]
  • Across US construction owners, 11% required project teams to use data standards on all projects in the 2024–2025 survey period.[24]
  • Across US construction owners, 45% did not provide regular data training in the 2024–2025 survey period, limiting governance capability and consistent data use.[24]
  • Across construction businesses, 10% reported in 2023 that they did not have a well-defined data governance policy.[25]
  • Across institutional real estate, governance readiness for AI received an average self-rating of 5.1 out of 10 in 2026, based on 72 professionals across 38 firms.[23]
  • Across US construction owners, 45% required project teams to define a data governance plan in the 2024–2025 survey period.[24]

KPIs in the construction machinery industry

  • 53% was Deere’s 2024 adoption rate for grade management on eligible earthmoving machines.[26]
  • 92% was Komatsu’s fiscal-2024 multi-sourcing ratio for supply-chain business-continuity measures.[27]
  • 1,414 Smart Construction consultants were recorded by Komatsu as a fiscal-2024 KPI result.[27]
  • 87% was Deere’s 2024 adoption rate for Intelligent Boom Control on eligible forestry machines.[26]
  • 862 Komatsu autonomous-haulage-system units were deployed cumulatively by fiscal 2024.[27]
  • 72% was Komatsu’s fiscal-2024 reduction in water consumption versus fiscal 2010.[27]

06 Statistics

Strategy & Growth

Portfolio change and distribution footprint drive growth paths across makers. Komatsu reported 60 manufacturing locations as of April 1, 2026.

Growth in the construction machinery industry

  • Mining equipment represented more than 50% of Komatsu’s construction, mining and utility equipment sales for the first time in fiscal 2024.[27]
  • Komatsu’s Middle East sales increased 36.3% to ¥117.6 billion in fiscal 2024.[27]
  • Komatsu’s Oceania sales increased 16.8% to ¥369.3 billion in fiscal 2024.[27]
  • Komatsu’s Africa sales increased 24.0% to ¥219.6 billion in fiscal 2024.[27]
  • Volvo Construction Equipment reported SEK 72.5 billion in construction-equipment revenue in 2024.[28]
  • Komatsu’s consolidated net sales increased 9.1% to ¥3,865.1 billion in fiscal 2024.[27]

Differentiation in the construction machinery industry

  • Komatsu’s Autonomous Haulage System had been in commercial mining operation since 2008, supporting automated equipment differentiation.[27]
  • 35% of Volvo Construction Equipment’s product portfolio was renewed with conventional and electric products launched on global markets in 2024.[28]
  • 1.5 million connected reporting assets differentiated Caterpillar’s product-and-service offering at year-end 2024.[29]
  • Komatsu’s mining equipment life-cycle model spans 10 to 15 years, with product quality, durability and service used as customer-selection factors.[27]

Mergers and acquisitions in the construction machinery industry

  • CNH agreed in 2023 to acquire Hemisphere GNSS to support autonomous machines for construction and agricultural applications.[30]
  • Caterpillar acquired a partial stake in Lithos Energy in January 2023 to support battery technology and construction-equipment electrification.[30]
  • Husqvarna Construction agreed to acquire Total Diamond Products in October 2023 to expand its construction-equipment offering.[31]
  • Oshkosh completed its acquisition of AUSA in September 2024, adding compact dumpers, rough-terrain forklifts and telehandlers to JLG’s access-equipment portfolio.[32]
  • Husqvarna Construction agreed to acquire Heger in April 2022, strengthening its equipment and diamond-tools business.[31]
  • Volvo Construction Equipment agreed to acquire Swecon, whose 2024 revenue was SEK 10 billion, expanding Volvo’s European retail operations.[28]

Strategic partnerships in the construction machinery industry

  • CNH and Kobelco agreed in 2026 to form a construction-equipment joint venture combining global sales and service capabilities with excavator and digital-technology expertise.[33]
  • Volvo Construction Equipment and a major construction company tested one of the largest electric machines in a project scheduled for completion by October 2024.[28]
  • 11 major resource companies participated in Komatsu’s GHG Alliance to develop power-agnostic mining dump trucks.[27]
  • Volvo Construction Equipment described its four-decade relationship with Woodco Machinery as a dealer partnership in 2023.[28]

07 Statistics

People & Workforce

Workforce scarcity remains a constraint for equipment service capacity and execution. In 2024, 40,000 technicians were estimated to be missing from the U.S. construction-equipment service workforce.

Hiring in the construction machinery industry

  • 40,000 technicians were estimated to be missing from the U.S. construction-equipment service workforce in 2024.[34]
  • 94% of U.S. construction firms reported open positions amid workforce shortages in the 2024 workforce survey.[35]
  • 3% of U.S. construction-equipment technicians were women, according to a 2024 industry estimate.[34]
  • 350,000 construction job openings were reported in the United States in August 2023.[14]

Remote Work in the construction and real estate sector (sector benchmark)

  • In 2024, 23.7% of finance, insurance and real-estate positions were fully remote in the U.S., according to employers surveyed by NACE.[36]
  • In January 2024, 33.63% of U.S. real-estate wage and salary employees worked from home, based on the Survey of Working Arrangements and Attitudes.[37]
  • In 2024, 2.7% of construction positions were fully remote in the U.S., according to employers surveyed by NACE.[36]
  • About 9% of U.S. construction workers worked remotely at least sometimes during October 2023–September 2024, including hybrid and fully remote work.[38]

Hybrid Work in the construction and real estate sector (sector benchmark)

  • In 2024, 55.8% of finance, insurance and real-estate positions were fully hybrid in the U.S., according to employers surveyed by NACE.[36]
  • In 2024, 15.0% of construction positions were fully hybrid in the U.S., according to employers surveyed by NACE.[36]
  • Forty-two percent of real-estate investment managers expected employees to be in the office four days per week within six to 12 months, according to a 2025 NAREIM survey.[23]
  • In 2024, 43% of surveyed real-estate executives identified flexible workday schedules as a leading talent-acquisition and retention action.[14]

Upskilling in the construction machinery industry

  • Safety education accounted for the largest share of construction workforce investment in the first half of 2023.[14]
  • Construction firms increased their use of online training programs during the 12 months preceding Deloitte’s 2024 outlook survey.[14]
  • Construction firms increased spending on training and professional development during the 12 months preceding Deloitte’s 2024 outlook survey.[14]

Employee Engagement in the construction and real estate sector (sector benchmark)

  • Across construction and heavy industry, employees scored 8.00 out of 10 for engagement in the 2026 benchmark.[39]
  • In North American construction and heavy industry, employees scored 8.67 out of 10 for engagement in the 2026 benchmark.[39]
  • Construction employees scored 4.20 out of 5 on engagement-related measures in 2024, up from 3.92 in 2022, in WebMD Health Services’ survey of 3,653 workers.[40]
  • Forty-seven percent of construction employers said their workforce was highly engaged in the 2018 U.S. construction benefits benchmarking survey.[41]
  • Across construction and heavy industry, the average employee eNPS was +24 in the 2026 benchmark.[39]

DEI in the construction machinery industry

  • 5.3% of active U.S. construction apprentices with known gender were women in 2025.[42]
  • 11% of the U.S. construction workforce was female in 2022.[43]
  • 2.67% of U.S. construction equipment operators were women in 2024.[44]
  • 383,145 people worked as construction equipment operators in the United States in 2024.[44]
  • 97.3% of U.S. construction equipment operators were men in 2024.[44]

Change Management in the construction and real estate sector (sector benchmark)

  • Fifty-eight percent of U.S. specialty contractors reported rising change-order volume over the previous five years in 2026.[45]
  • Construction general contractors spent 36 hours per week per project on change-order administration in 2026, according to Clearstory and Dodge Construction Network.[45]
  • Forty-eight percent of U.S. general contractors reported increased change-order frequency in 2026, according to a survey of nearly 200 contractors.[45]
  • Eighty-three percent of U.S. general contractors still tracked change-order exposure on spreadsheets in 2026, even when financial software was available.[45]
  • Forty-two percent of U.S. specialty contractors reported cash-flow issues caused by untimely change-order processing in 2026.[45]

08 Statistics

Customer & Sales

Customer satisfaction and dealer feedback show measurable effects on retention and growth. Equipment dealers receiving regular customer feedback had 20% higher customer retention.

Customer experience in the construction machinery industry

  • 55% of 129 surveyed contractors were very satisfied with their primary construction equipment manufacturer in 2025.[46]
  • 12.4% of fleet managers rated their primary construction equipment dealer excellent at partnering on fleet service and support.[16]
  • 11.4% of fleet managers rated their primary construction equipment dealer fair or poor at partnering on fleet service and support in 2020.[16]
  • 86–87% was the Net Promoter Score range for construction equipment across nine consecutive quarters through Q1 2026 in North America.[47]
  • 77 was the overall 2026 Net Promoter Score reported across agriculture and construction equipment dealerships, down from 80 previously.[48]

Customer retention in the construction machinery industry

  • Equipment dealers receiving regular customer feedback had 20% higher customer retention than dealers that did not conduct regular surveys.[49]
  • Equipment dealers receiving regular customer feedback had 49% higher customer growth than dealers that did not conduct regular surveys.[49]
  • 64% of North American equipment dealers surveyed expected customers to delay purchases and keep equipment longer in 2026.[50]
  • 45% of surveyed equipment dealers named hiring and retaining skilled employees among their two biggest operational challenges in 2026.[50]
  • Equipment dealers receiving regular customer feedback had 123% higher revenue growth than dealers that did not conduct regular surveys.[49]

Customer acquisition in the construction machinery industry

  • 17% of contractors considered four or more brands for their most recent vocational truck purchase.[46]
  • 66% of surveyed contractors considered at least two brands when purchasing heavy construction equipment in 2024.[46]
  • 19% of contractors considered only one brand for their most recent compact equipment purchase.[46]
  • 16% of contractors considered four or more brands for their most recent compact equipment purchase.[46]
  • 70% of surveyed contractors considered at least two brands when purchasing compact construction equipment in 2024.[46]

Customer loyalty in the construction machinery industry

  • 64.29% of U.S. equipment dealership customers said the working relationship was more important than brand loyalty in 2025.[51]
  • 79.73% of Canadian equipment dealership customers said the working relationship was more important than brand loyalty in 2025.[51]
  • 12% of construction truck buyers identified loyalty to their usual brand as a purchase influence in 2024.[46]
  • 13% of heavy equipment buyers identified loyalty to their usual brand as a purchase influence in 2024.[46]
  • 11% of compact equipment buyers identified loyalty to their usual brand as a purchase influence in 2024.[46]

09 Statistics

Marketing & Brand

Manufacturers use a broad mix of digital channels, with marketing automation also represented in survey data. 28% of equipment manufacturers used marketing automation in the 2021 digital marketing survey.

Marketing in the construction machinery industry

  • 77% of equipment manufacturers used content marketing in the 2021 digital marketing survey.[52]
  • 82% of equipment manufacturers used email marketing in the 2021 digital marketing survey.[52]
  • 82% of equipment manufacturers used non-paid social media posting in the 2021 digital marketing survey.[52]
  • 68% of equipment manufacturers used search-engine optimization in the 2021 digital marketing survey.[52]
  • 46% of equipment manufacturers used paid search advertising in the 2021 digital marketing survey.[52]

Digital marketing in the construction machinery industry

  • 39% of equipment manufacturers used paid social media advertising in the 2021 digital marketing survey.[52]
  • 6% of equipment manufacturers used mobile marketing in the 2021 digital marketing survey.[52]
  • 36% of equipment manufacturers used Google display advertising in the 2021 digital marketing survey.[52]
  • 13% of equipment manufacturers used chatbots in the 2021 digital marketing survey.[52]
  • 28% of equipment manufacturers used marketing automation in the 2021 digital marketing survey.[52]

Branding in the construction machinery industry

  • 8% of heavy equipment buyers identified readily available aftermarket parts as a purchase influence in 2024.[46]
  • 17% of very satisfied contractors identified John Deere as their primary construction equipment OEM in 2025.[46]
  • 31% of very satisfied contractors identified Caterpillar as their primary construction equipment OEM in 2025.[46]
  • 14% of heavy equipment buyers identified price as a purchase influence in 2024.[46]
  • 9% of heavy equipment buyers identified ease of maintenance as a purchase influence in 2024.[46]

Social media in the construction machinery industry

  • 3,000 followers and 7,000 monthly reach were reported for Construction Equipment Guide’s LinkedIn audience in 2024.[53]
  • 1,785,700 total monthly reach was reported across Construction Equipment Guide’s listed digital and social channels in 2024.[53]
  • 396,000 followers and 1.7 million monthly reach were reported for Construction Equipment Guide’s Facebook audience in 2024.[53]
  • 6,000 followers and 20,000 monthly reach were reported for Construction Equipment Guide’s Instagram audience in 2024.[53]
  • 7,000 followers and 20,000 monthly reach were reported for Construction Equipment Guide’s X audience in 2024.[53]

Influencer Marketing in the construction and real estate sector (sector benchmark)

  • Across U.S. prospective home buyers, 41% said in 2025 they were more likely to hire a real estate agent with a social media presence.[54]
  • Among residential construction workers surveyed in 2024, 47% regularly used Instagram, 52% used YouTube and 73% used Facebook.[55]
  • Among U.S. real estate professionals, 15% used TikTok for business in 2024, while 10% used X (formerly Twitter).[56]
  • Among U.S. real estate professionals, 52% said social media generated the highest number of quality leads in the previous 12 months in 2024.[56]
  • Among U.S. real estate professionals, 62% used Instagram for business in 2024, alongside 87% using Facebook and 25% using YouTube.[56]

10 Statistics

Operations & Execution

Service mix and operational efficiencies are highlighted in execution metrics. Volvo Construction Equipment reported 18% of 2025 revenue came from services.

Process optimization in the construction machinery industry

  • More than 50% of Komatsu’s construction, mining and utility equipment sales came from mining equipment for the first time in company history.[27]
  • 18% of Volvo Construction Equipment’s 2025 revenue came from services, compared with 82% from machines.[28]
  • 13.3% was Volvo Construction Equipment’s adjusted operating margin in 2025, reflecting earnings resilience during a challenging industry year.[28]
  • ¥108.9 billion was the reduction in fixed costs achieved in Komatsu’s construction, mining and utility equipment segment between FY2021 and FY2024.[27]
  • 60 manufacturing operations and 55 sales operations for construction and mining/utility equipment were reported by Komatsu as of April 1, 2026.[27]

Operational efficiency in the construction machinery industry

  • 8.2% was Komatsu’s increase in consolidated operating income for the fiscal year ended March 31, 2025.[27]
  • 14.2% was Komatsu’s return on equity for the fiscal year ended March 31, 2025.[27]
  • $41 million of operational efficiencies increased Dana’s Off-Highway segment earnings in 2024.[57]
  • $2 million of warranty-expense reductions increased Dana’s Off-Highway segment earnings in 2024.[57]
  • $6 million of premium-freight savings increased Dana’s Off-Highway segment earnings in 2024.[57]

Quality management in the construction machinery industry

  • $2 million was the reduction in Dana’s Off-Highway warranty expense in 2024, contributing to higher segment earnings.[57]
  • 70 basis points was Alta Equipment Group’s increase in service gross margin in 2024, primarily related to improved rate realization.[58]
  • 23.9% of Alta Equipment Group’s 2024 construction-equipment segment revenue came from rental-equipment sales.[58]
  • 58.3% of Alta Equipment Group’s 2024 construction-equipment segment revenue came from service revenues.[58]
  • 2.5 percentage points was the decline in Alta Equipment Group’s rental-equipment sales margin in 2024 amid weaker used-equipment pricing.[58]

Supply chain in the construction machinery industry

  • Approximately 20% was the decline in certain heavy-equipment markets served by Alta Equipment Group in 2024.[58]
  • 12% was the year-over-year decline in European construction and mining equipment production reported by Dana for 2024.[57]
  • $33 million was Dana’s 2024 material-cost savings in the Off-Highway segment.[57]
  • 8.6 billion yen was Hitachi Construction Machinery’s estimated FY2025 impact from U.S. tariff measures on products shipped during the year.[59]
  • $22 million was the negative effect of net customer pricing and cost-recovery actions on Dana’s 2024 construction and mining equipment sales.[57]

Outsourcing / Offshoring in the construction and real estate sector (sector benchmark)

  • 30% of costs in Australian infrastructure construction flowed to external construction services in 2025.[8]
  • 41% of Australian infrastructure construction was completed by subcontractors in 2025, according to Infrastructure Australia’s analysis of Australian Bureau of Statistics data.[8]
  • 11% of income in Australian civil engineering, non-residential building and related construction came from subcontracting in 2025.[8]
  • 46.5% of Australian construction-industry input costs came from outsourced services in 2024, including labour hire, consultants and capital rentals.[8]
  • $5.66 per agent per month was the average outsourced accounting-labor price for U.S. real-estate brokerages with more than 500 agents, based on an August 2024 survey.[60]

11 Statistics

Finance & Pricing

Pricing realization and margin pressure appear alongside volume effects. Caterpillar reported $817 million of unfavorable price realization in 2025.

Pricing strategy in the construction machinery industry

  • 0.3 percentage points was the decline in Alta Equipment Group’s parts-sales margin in 2024.[58]
  • 1% was CNH’s reported year-over-year currency-adjusted increase in construction-segment net sales in 2025.[61]
  • ¥343.1 billion was the positive contribution of selling prices to Komatsu’s construction, mining and utility equipment segment profit between FY2021 and FY2024.[27]
  • 140 basis points was the decline in Alta Equipment Group’s 2024 new and used equipment sales margin.[58]
  • 0.9 percentage points was the decline in Alta Equipment Group’s rental-revenue gross margin in 2024.[58]

Cost reduction in the construction machinery industry

  • ¥108.9 billion was the negative impact of fixed-cost variances on Komatsu’s construction, mining and utility equipment segment profit between FY2021 and FY2024.[27]
  • $2 million of warranty-expense savings increased Dana’s Off-Highway segment earnings in 2024.[57]
  • $1.8 million was Alta Equipment Group’s reduction in operating expenses in 2024 from cost-saving initiatives.[62]
  • ¥155.8 billion was the negative impact of production-cost variances on Komatsu’s construction, mining and utility equipment segment profit between FY2021 and FY2024.[27]
  • $13 million of commodity-cost decreases increased Dana’s Off-Highway segment earnings in 2024.[57]

Profitability in the construction machinery industry

  • $8.884 billion was Caterpillar’s consolidated profit in 2025.[63]
  • 16.0% was Komatsu’s consolidated operating margin for the fiscal year ended March 31, 2025.[27]
  • 22.5% was Alta Equipment Group’s construction-equipment segment gross margin in 2024.[58]
  • $4.675 billion was Caterpillar Construction Industries’ profit in 2025.[64]
  • 13.3% was Volvo Construction Equipment’s adjusted operating margin in 2025.[28]

Financial planning in the construction machinery industry

  • Less than 6% is Hitachi Construction Machinery’s target depreciation-to-sales ratio, compared with slightly more than 6% currently.[59]
  • $945 million was CNH Industrial’s fourth-quarter 2025 net cash provided by operating activities.[61]
  • ¥478.0 billion was Komatsu’s projected FY2025 segment profit for construction, mining and utility equipment.[27]
  • $817 million was CNH Industrial’s fourth-quarter 2025 industrial free cash flow.[61]
  • ¥29.5 billion was Komatsu’s projected FY2025 retail-finance segment profit.[27]

12 Statistics

Product & Service

Telematics scale and grade-management adoption show value capture through data and automation. 6.8 million active construction-equipment OEM telematics systems were installed worldwide at the end of 2023.

Product development in the construction machinery industry

  • 87.6% of eligible John Deere roadbuilding machines used Precision Roadbuilding Solutions in 2024.[26]
  • 2.7% of sales was Hitachi Construction Machinery’s research-and-development spending in 2024 globally.[59]
  • The PC200i-12 hydraulic excavator was introduced by Komatsu in fiscal 2024 as an automated construction-equipment model.[27]
  • 53% of eligible John Deere earthmoving machines had grade-management technology in 2024.[26]
  • 1,845 ICT-intensive construction-equipment units were sold overseas by Komatsu in fiscal 2024.[27]

Product lifecycle in the construction machinery industry

  • 0.9 million active construction-equipment OEM telematics systems were installed in Europe at the end of 2023.[65]
  • 197 million sustainably engaged acres were recorded by Deere’s connected-machine programs in 2024.[26]
  • 6.8 million active construction-equipment OEM telematics systems were installed worldwide at the end of 2023.[65]
  • 12.1 million active construction-equipment OEM telematics systems are forecast worldwide for 2028.[65]
  • 775,000 connected machines were reported by Deere & Company in 2024.[26]

After-sales in the construction machinery industry

  • 11.5% of construction fleets said dealers performed maintenance after managing their fleet data in 2024.[16]
  • 64.1% of construction fleets managed machine data and maintenance in-house in 2024.[16]
  • 9.4% of construction-fleet respondents rated their primary dealer’s service and support partnership fair or poor in 2024.[16]
  • 23% was Komatsu’s fiscal 2024 aftermarket-business sales growth versus fiscal 2021 at fixed exchange rates.[27]
  • 22.2% of construction fleets said dealers managed their fleet data in 2024.[16]

Value proposition in the construction machinery industry

  • 53% of eligible Deere earthmoving machines had grade-management adoption in 2024, supporting reduced rework and improved productivity.[26]
  • 7.5 billion metric tons of material had been moved by Komatsu autonomous-haulage trucks by February 2024.[27]
  • 125 million Deere connected-machine acres were classified as highly engaged in 2024.[26]
  • 34% of Komatsu Smart Construction workplaces reached process-optimization level 3 or higher in fiscal 2024.[27]
  • 1.27 trillion Japanese yen was Komatsu’s estimated worldwide social impact from mechanization activities in fiscal 2024.[27]

13 Statistics

Sustainability & Ethics

Sustainability targets are quantified through electricity sources and production emissions changes. Komatsu reported a 55% reduction in production CO2 emissions in fiscal 2024 versus fiscal 2010.

Sustainability in the construction machinery industry

  • 65% of John Deere’s electricity came from renewable sources in fiscal 2024.[26]
  • 11,740 workplaces worldwide used Komatsu Smart Construction in fiscal 2023.[27]
  • 55% reduction in Komatsu production CO2 emissions was achieved in fiscal 2024 versus fiscal 2010, globally.[27]
  • 31% of Komatsu’s energy came from renewable sources in fiscal 2024, globally.[27]
  • 27% of John Deere’s total energy came from renewable sources in fiscal 2024.[26]

ESG in the construction machinery industry

  • 11.9% was Komatsu’s consolidated female manager ratio as of March 31, 2025.[27]
  • 31.5% of Caterpillar’s electricity and energy use came from renewable sources in 2024.[66]
  • 47% growth in Komatsu’s remanufacturing business sales was recorded in fiscal 2024 versus fiscal 2021.[27]
  • Two electrified construction and mining equipment models were launched by Komatsu in fiscal 2024.[27]
  • 14.9% was Komatsu’s consolidated full-time female employee ratio as of March 31, 2025.[27]

Ethics in the construction machinery industry

  • 13 ethical-management violations were recorded by HD Hyundai Construction Equipment in Korea in 2024.[67]
  • 100% of registered executives at HD Hyundai Construction Equipment completed ethics training globally in 2024.[67]
  • 99.8% of HD Hyundai Construction Equipment employees submitted the ethical-management practice pledge globally in 2024.[67]
  • 274 HD Hyundai Construction Equipment suppliers submitted the ethical-management pledge in Korea in 2024.[67]
  • 98.2% of HD Hyundai Construction Equipment suppliers submitted the ethical-management pledge in Korea in 2024.[67]

CSR in the construction machinery industry

  • Approximately 2,700 suppliers supported Komatsu’s global business in fiscal 2023.[27]
  • 23,946 hectares was the forest area covered by Komatsu tree-planting machines in fiscal 2024.[27]
  • 11 tree-planting machines were introduced by Komatsu in fiscal 2024.[27]
  • 580,000 construction-equipment units were estimated to be operating at customer workplaces over Komatsu’s previous 10 years.[27]
  • 211 Komatsu sales and service distributors operated across 151 countries in fiscal 2023.[27]

Circular economy in the construction machinery industry

  • 75% savings in primary material use were reported for Liebherr Components remanufacturing of hydraulic pumps, gearboxes and engines.[68]
  • 71% reduction in carbon footprint was achieved by Herrenknecht for remanufactured components versus newly produced components.[68]
  • 50,000 components were rebuilt annually through Herrenknecht’s REBUILD remanufacturing program.[68]

Carbon footprint in the construction machinery industry

  • 33,540 kilograms of cradle-to-gate CO2-equivalent emissions were calculated for Volvo CE’s ECR88 compact excavator in the 2025 analysis.[69]
  • 1.9 kilograms of manufacturing emissions per operating hour were calculated for Volvo CE’s EC60 excavator.[69]
  • 370 kilograms of cradle-to-gate Scope 1, 2 and 3.3 emissions were calculated for Volvo CE’s EC60 compact excavator in 2024.[69]
  • 15.5 kilograms of use-phase emissions per operating hour were calculated for Volvo CE’s EC60 excavator.[69]
  • 17.5 kilograms of cradle-to-grave emissions per operating hour were calculated for Volvo CE’s EC60 excavator.[69]

15 Statistics

Globalization & Expansion

Manufacturers emphasize overseas footprints and distributed production footprints. Komatsu reported that 70% of its production was overseas in 2026.

Globalization in the construction machinery industry

  • 8% of Komatsu’s construction, mining and utility equipment sales came from Europe in fiscal 2024.[27]
  • 12% of Komatsu’s construction, mining and utility equipment sales came from Oceania in fiscal 2024.[27]
  • €72.5 billion was Volvo Construction Equipment’s 2024 net sales equivalent in reported construction-equipment revenue, with sales across Europe, North America, South America, Asia, Africa and Oceania.[28]
  • 91% of Komatsu’s construction, mining and utility equipment sales came from overseas markets in fiscal 2024.[27]
  • 18% of Komatsu’s construction, mining and utility equipment sales came from Latin America in fiscal 2024.[27]

Supplier management in the construction machinery industry

  • 70% of Komatsu’s production was overseas in 2026, indicating a geographically distributed manufacturing and supplier footprint.[27]
  • 11 major resource companies participated in Komatsu’s GHG Alliance for development of power-agnostic mining dump trucks.[27]
  • 60 Komatsu manufacturing locations supported construction and mining equipment operations globally in 2026.[27]
  • Volvo Construction Equipment planned to begin North American production expansion in the first half of 2026 while increasing collaboration with local suppliers and customers.[28]

Stakeholder management in the construction machinery industry

  • 1.5 million connected reporting assets were in Caterpillar’s global installed base at the end of 2024, supporting customer and dealer monitoring services.[29]
  • Caterpillar reported $24 billion in services revenue in 2024, covering aftermarket and service-related activities across its customer base.[29]
  • More than 4 million Caterpillar products were operating worldwide at year-end 2024, linking the company with customers across global construction and mining markets.[29]
  • 152 independent Cat dealers served approximately 190 countries at year-end 2024.[29]

Distribution channels in the construction machinery industry

  • Komatsu reported that directly managed distributors were part of its strategy to strengthen aftermarket sales in 2024.[27]
  • Komatsu had 207 sales and service distributors operating in 152 countries in 2026.[27]
  • FG Wilson electric power-generation systems used 108 distributors covering 158 countries in 2024.[66]
  • Perkins Engines used 88 distributors covering 185 countries in 2024.[66]
  • 55 Komatsu sales locations supported global construction and mining equipment distribution in 2026.[27]

Key questions about the Construction Machinery Industry

What is the global construction equipment market size and its 2025 growth rate?
Global construction equipment sales reached $246.6 billion in 2025, rising 3.8% year over year. KHL’s Yellow Table ranking is the basis for the $246.6B figure.
How fast is the market expected to grow after 2025?
Forecast CAGR for 2026–2035 is 6.1%. Global Market Insights also forecasts growth from $169.6 billion in 2026 to $289.5 billion in 2035.
What technology shifts are reshaping competition in 2026?
Electrification, infrastructure investment and digital services are described as reshaping competition. In U.S. construction businesses, 74% reported regularly using AI in at least some workflows in 2025.
How concentrated is the market among major manufacturers?
Caterpillar led global construction equipment manufacturers in 2025 with $37.5 billion in sales and a 15.2% share, followed by Komatsu with 11%. Asia-based manufacturers accounted for 45% of the top 50 companies’ combined revenue in 2025.
What procurement factors are buyers using beyond purchase price?
Equipment buyers increasingly compare total ownership cost, uptime, financing, rental availability and aftermarket support rather than purchase price alone. That shift is reflected in the 2026 industry comparison behavior described for end users.
Reference

Cite This Report

This report is designed to be cited. We maintain stable URLs and versioned verification dates. Copy the format appropriate for your publication below.

APA
Samuel Norberg. (2026, February 13). Construction Machinery Industry Statistics. Gitnux. https://gitnux.org/construction-machinery-industry-statistics
MLA
Samuel Norberg. "Construction Machinery Industry Statistics." Gitnux, 13 Feb 2026, https://gitnux.org/construction-machinery-industry-statistics.
Chicago
Samuel Norberg. 2026. "Construction Machinery Industry Statistics." Gitnux. https://gitnux.org/construction-machinery-industry-statistics.

Sources & references

95 sources cited across this report

  1. st.hzcdn.com
  2. apnews.com
  3. asce.org
  4. agc.org
  5. itpro.com
  6. mdpi.com
  7. assets-usa.mkt.dynamics.com
  8. infrastructureaustralia.gov.au
  9. iciconstruction.com
  10. pwc.com
  11. a-us.storyblok.com
  12. oecd.org
  13. ey.com
  14. deloitte.com
  15. ashb.com
  16. constructionequipment.com
  17. teletracnavman.com
  18. cat.com
  19. gminsights.com
  20. boards.autodesk.com
  21. constructionmanagement.co.uk
  22. res-am.com
  23. nareim.org
  24. downloads.ctfassets.net
  25. build-ing.de
  26. deere.com
  27. komatsu.jp
  28. volvogroup.com
  29. cat-cn.com
  30. freedoniagroup.com
  31. husqvarnagroup.com
  32. jlg.com
  33. media.cnh.com
  34. axios.com
  35. arcoro.tourial.com
  36. naceweb.org
  37. fred.stlouisfed.org
  38. govinfo.gov
  39. culturemonkey.io
  40. webmdhealthservices.com
  41. ajg.com
  42. iwpr.org
  43. modot.org
  44. datausa.io
  45. clearstory.build
  46. equipmentworld.com
  47. thedanielgroup.com
  48. farm-equipment.com
  49. winsbyinc.com
  50. flyntlok.com
  51. equipmentdealermagazine.com
  52. f.hubspotusercontent20.net
  53. s3.amazonaws.com
  54. zillow.com
  55. livewellbuildwell.com
  56. nar.realtor
  57. cdn.yahoofinance.com
  58. sec.gov
  59. hitachicm.com
  60. s24.q4cdn.com
  61. investors.cnh.com
  62. financialfilings.com
  63. d18rn0p25nwr6d.cloudfront.net
  64. companiesmarketcap.com
  65. media.berginsight.com
  66. s7d2.scene7.com
  67. esg.hd.com
  68. transition-pathways.europa.eu
  69. volvoce.com
  70. msci.com
  71. enr.com
  72. assets.kpmg.com
  73. grantthornton.com
  74. wipfli.com
  75. nrca.net
  76. cisco.com
  77. appfolio.com
  78. dpanther.fiu.edu
  79. corporate.wittobriens.com
  80. vdma.eu
  81. euromonitor.com
  82. grandviewresearch.com
  83. mordorintelligence.com
  84. waylandholding.com
  85. caterpillar.com
  86. eur-lex.europa.eu
  87. single-market-economy.ec.europa.eu
  88. sanyglobal.com
  89. xcmgglobal.com
  90. constructionbriefing.com
  91. investors.caterpillar.com
  92. cece.eu
  93. ararental.org
  94. mckinsey.com
  95. machplaza.com