The global Construction And Mining Equipment Market Study analyzes and forecasts the market size across 6 regions and 24 countries for diverse segments -By Type (Loaders, Dozers, Excavators, Crushing, Pulverizing & Screening Equipment, Others), By Application (Infrastructure, Mineral Mining, Residential Building, Metal Mining, Others).
The construction and mining equipment market is witnessing steady growth, driven by ongoing infrastructure development, urbanization, and the increasing demand for raw materials across the globe. The market includes heavy machinery such as excavators, loaders, bulldozers, and mining trucks, essential for large-scale construction projects and mining operations. The rise in government investments in infrastructure projects, including roads, bridges, and railways, particularly in emerging economies, is a significant driver of the market. Similarly, the growing demand for minerals and metals, driven by industries like electronics, energy, and manufacturing, is boosting the mining equipment segment. Technological advancements, such as automation, electrification, and the integration of advanced monitoring systems, are transforming the efficiency and safety of construction and mining operations, further stimulating market growth. Additionally, the push for sustainability and reducing carbon footprints has led to the development of eco-friendly and energy-efficient machinery, aligning with the global trend toward greener industrial solutions. With increasing infrastructure needs and continuous mining activities, the construction and mining equipment market is expected to see robust growth in the coming years.
The market report analyses the leading companies in the industry including AB Volvo, Atlas Copco AB, Caterpillar Inc., CNH Industrial NV, Deere and Co., Doosan Corp., Hitachi Construction Machinery Co. Ltd., J C Bamford Excavators Ltd., Kawasaki Heavy Industries Ltd., Kobe Steel Ltd., Komatsu Ltd., Kubota Corp., Liebherr International AG, Sany Group, Schaeffler AG, Sunward Europe Heavy Industry NV, Terex Corp., Xuzhou Construction Machinery Group Co. Ltd., Yanmar Holdings Co. Ltd., and ZEPPELIN GmbH, and others.
The Construction and Mining Equipment Market is witnessing a prominent trend towards the rising adoption of automation and electrification technologies. Companies are increasingly incorporating autonomous machinery, such as self-driving trucks and automated drilling equipment, to improve operational efficiency, reduce human intervention, and enhance safety in hazardous environments. Additionally, the move towards electrification of construction and mining machinery is driven by the growing emphasis on reducing carbon emissions and complying with stricter environmental regulations. This trend reflects the industry's shift towards sustainability and smart technology integration to meet evolving demands.
Infrastructure development and increased mining activities are significant drivers for the Construction and Mining Equipment Market. Large-scale urbanization projects, including transportation networks, housing developments, and industrial facilities, are creating sustained demand for construction machinery. Similarly, the growing demand for natural resources such as minerals, metals, and fossil fuels is fueling mining activities globally. This demand has led to an increased need for high-capacity, durable, and efficient equipment that can support large-scale projects, particularly in emerging economies with expanding infrastructure needs and resource extraction operations.
A key opportunity for the Construction and Mining Equipment Market lies in advancements in sustainable equipment and expansion into emerging markets. Manufacturers have the potential to develop eco-friendly machinery that operates with lower fuel consumption, reduced emissions, and higher energy efficiency. This includes electric or hybrid machines that can meet environmental standards while delivering high performance. Furthermore, expanding into emerging markets, where infrastructure development and mining investments are on the rise, presents a major growth avenue. By addressing the specific needs of these regions, companies can capitalize on new business opportunities and gain a competitive edge.
In the Construction and Mining Market, Excavators represent the largest segment, driven by their versatility and essential role in various construction and mining operations. Excavators are crucial for earthmoving tasks, including digging, lifting, and hauling materials, making them indispensable in both construction sites and mining fields. The rise in infrastructure development globally, fueled by urbanization and government initiatives aimed at enhancing transportation and public facilities, significantly increases the demand for excavators. Additionally, advancements in excavator technology, such as the integration of automation and telematics, have improved operational efficiency and reduced operational costs, further solidifying their dominance in the market. Excavators' capability to work in diverse environments—ranging from large-scale mining operations to smaller construction projects—ensures a steady demand, positioning this type of equipment as the largest segment in the construction and mining sector.
The Infrastructure application segment in the Construction and Mining Market is the fastest growing, largely driven by the escalating global investments in infrastructure development. Governments worldwide are prioritizing infrastructure projects such as roads, bridges, railways, and airports to bolster economic growth and enhance connectivity. This push is particularly pronounced in developing nations, where urbanization is rapidly progressing, necessitating substantial investments in infrastructure to support increasing population densities and economic activities. The rise of public-private partnerships (PPPs) and initiatives aimed at upgrading existing infrastructure further amplify this growth. Additionally, the growing emphasis on sustainable and resilient infrastructure, coupled with technological advancements in construction equipment and methods, is leading to increased demand for specialized construction and mining equipment tailored for infrastructure projects. As a result, the infrastructure application segment is experiencing rapid expansion, positioning it as the fastest growing segment within the overall construction and mining market.
By Type
Loaders
Dozers
Excavators
Crushing
Pulverizing & Screening Equipment
Others
By Application
Infrastructure
Mineral Mining
Residential Building
Metal Mining
Others
Countries Analyzed
North America (US, Canada, Mexico)
Europe (Germany, UK, France, Spain, Italy, Russia, Rest of Europe)
Asia Pacific (China, India, Japan, South Korea, Australia, South East Asia, Rest of Asia)
South America (Brazil, Argentina, Rest of South America)
Middle East and Africa (Saudi Arabia, UAE, Rest of Middle East, South Africa, Egypt, Rest of Africa)
AB Volvo
Atlas Copco AB
Caterpillar Inc.
CNH Industrial NV
Deere and Co.
Doosan Corp.
Hitachi Construction Machinery Co. Ltd.
J C Bamford Excavators Ltd.
Kawasaki Heavy Industries Ltd.
Kobe Steel Ltd.
Komatsu Ltd.
Kubota Corp.
Liebherr International AG
Sany Group
Schaeffler AG
Sunward Europe Heavy Industry NV
Terex Corp.
Xuzhou Construction Machinery Group Co. Ltd.
Yanmar Holdings Co. Ltd.
ZEPPELIN GmbH
*- List Not Exhaustive
TABLE OF CONTENTS
1 Introduction to 2024 Construction And Mining Equipment Market
1.1 Market Overview
1.2 Quick Facts
1.3 Scope/Objective of the Study
1.4 Market Definition
1.5 Countries and Regions Covered
1.6 Units, Currency, and Conversions
1.7 Industry Value Chain
2 Research Methodology
2.1 Market Size Estimation
2.2 Sources and Research Methodology
2.3 Data Triangulation
2.4 Assumptions and Limitations
3 Executive Summary
3.1 Global Construction And Mining Equipment Market Size Outlook, $ Million, 2021 to 2032
3.2 Construction And Mining Equipment Market Outlook by Type, $ Million, 2021 to 2032
3.3 Construction And Mining Equipment Market Outlook by Product, $ Million, 2021 to 2032
3.4 Construction And Mining Equipment Market Outlook by Application, $ Million, 2021 to 2032
3.5 Construction And Mining Equipment Market Outlook by Key Countries, $ Million, 2021 to 2032
4 Market Dynamics
4.1 Key Driving Forces of Construction And Mining Equipment Industry
4.2 Key Market Trends in Construction And Mining Equipment Industry
4.3 Potential Opportunities in Construction And Mining Equipment Industry
4.4 Key Challenges in Construction And Mining Equipment Industry
5 Market Factor Analysis
5.1 Value Chain Analysis
5.2 Competitive Landscape
5.2.1 Global Construction And Mining Equipment Market Share by Company (%), 2023
5.2.2 Product Offerings by Company
5.3 Porter’s Five Forces Analysis
5.4 Pricing Analysis and Outlook
6 Growth Outlook Across Scenarios
6.1 Growth Analysis-Case Scenario Definitions
6.2 Low Growth Scenario Forecasts
6.3 Reference Growth Scenario Forecasts
6.4 High Growth Scenario Forecasts
7 Global Construction And Mining Equipment Market Outlook by Segments
7.1 Construction And Mining Equipment Market Outlook by Segments, $ Million, 2021- 2032
By Type
Loaders
Dozers
Excavators
Crushing
Pulverizing & Screening Equipment
Others
By Application
Infrastructure
Mineral Mining
Residential Building
Metal Mining
Others
8 North America Construction And Mining Equipment Market Analysis and Outlook To 2032
8.1 Introduction to North America Construction And Mining Equipment Markets in 2024
8.2 North America Construction And Mining Equipment Market Size Outlook by Country, 2021-2032
8.2.1 United States
8.2.2 Canada
8.2.3 Mexico
8.3 North America Construction And Mining Equipment Market size Outlook by Segments, 2021-2032
By Type
Loaders
Dozers
Excavators
Crushing
Pulverizing & Screening Equipment
Others
By Application
Infrastructure
Mineral Mining
Residential Building
Metal Mining
Others
9 Europe Construction And Mining Equipment Market Analysis and Outlook To 2032
9.1 Introduction to Europe Construction And Mining Equipment Markets in 2024
9.2 Europe Construction And Mining Equipment Market Size Outlook by Country, 2021-2032
9.2.1 Germany
9.2.2 France
9.2.3 Spain
9.2.4 United Kingdom
9.2.4 Italy
9.2.5 Russia
9.2.6 Norway
9.2.7 Rest of Europe
9.3 Europe Construction And Mining Equipment Market Size Outlook by Segments, 2021-2032
By Type
Loaders
Dozers
Excavators
Crushing
Pulverizing & Screening Equipment
Others
By Application
Infrastructure
Mineral Mining
Residential Building
Metal Mining
Others
10 Asia Pacific Construction And Mining Equipment Market Analysis and Outlook To 2032
10.1 Introduction to Asia Pacific Construction And Mining Equipment Markets in 2024
10.2 Asia Pacific Construction And Mining Equipment Market Size Outlook by Country, 2021-2032
10.2.1 China
10.2.2 India
10.2.3 Japan
10.2.4 South Korea
10.2.5 Indonesia
10.2.6 Malaysia
10.2.7 Australia
10.2.8 Rest of Asia Pacific
10.3 Asia Pacific Construction And Mining Equipment Market size Outlook by Segments, 2021-2032
By Type
Loaders
Dozers
Excavators
Crushing
Pulverizing & Screening Equipment
Others
By Application
Infrastructure
Mineral Mining
Residential Building
Metal Mining
Others
11 South America Construction And Mining Equipment Market Analysis and Outlook To 2032
11.1 Introduction to South America Construction And Mining Equipment Markets in 2024
11.2 South America Construction And Mining Equipment Market Size Outlook by Country, 2021-2032
11.2.1 Brazil
11.2.2 Argentina
11.2.3 Rest of South America
11.3 South America Construction And Mining Equipment Market size Outlook by Segments, 2021-2032
By Type
Loaders
Dozers
Excavators
Crushing
Pulverizing & Screening Equipment
Others
By Application
Infrastructure
Mineral Mining
Residential Building
Metal Mining
Others
12 Middle East and Africa Construction And Mining Equipment Market Analysis and Outlook To 2032
12.1 Introduction to Middle East and Africa Construction And Mining Equipment Markets in 2024
12.2 Middle East and Africa Construction And Mining Equipment Market Size Outlook by Country, 2021-2032
12.2.1 Saudi Arabia
12.2.2 UAE
12.2.3 Oman
12.2.4 Rest of Middle East
12.2.5 Egypt
12.2.6 Nigeria
12.2.7 South Africa
12.2.8 Rest of Africa
12.3 Middle East and Africa Construction And Mining Equipment Market size Outlook by Segments, 2021-2032
By Type
Loaders
Dozers
Excavators
Crushing
Pulverizing & Screening Equipment
Others
By Application
Infrastructure
Mineral Mining
Residential Building
Metal Mining
Others
13 Company Profiles
13.1 Company Snapshot
13.2 SWOT Profiles
13.3 Products and Services
13.4 Recent Developments
13.5 Financial Profile
AB Volvo
Atlas Copco AB
Caterpillar Inc.
CNH Industrial NV
Deere and Co.
Doosan Corp.
Hitachi Construction Machinery Co. Ltd.
J C Bamford Excavators Ltd.
Kawasaki Heavy Industries Ltd.
Kobe Steel Ltd.
Komatsu Ltd.
Kubota Corp.
Liebherr International AG
Sany Group
Schaeffler AG
Sunward Europe Heavy Industry NV
Terex Corp.
Xuzhou Construction Machinery Group Co. Ltd.
Yanmar Holdings Co. Ltd.
ZEPPELIN GmbH
14 Appendix
14.1 Customization Offerings
14.2 Subscription Services
14.3 Related Reports
14.4 Publisher Expertise
By Type
Loaders
Dozers
Excavators
Crushing
Pulverizing & Screening Equipment
Others
By Application
Infrastructure
Mineral Mining
Residential Building
Metal Mining
Others
Global Construction And Mining Equipment Market Size is valued at $148.4 Billion in 2024 and is forecast to register a growth rate (CAGR) of 5.6% to reach $229.5 Billion by 2032.
Emerging Markets across Asia Pacific, Europe, and Americas present robust growth prospects.
AB Volvo, Atlas Copco AB, Caterpillar Inc., CNH Industrial NV, Deere and Co., Doosan Corp., Hitachi Construction Machinery Co. Ltd., J C Bamford Excavators Ltd., Kawasaki Heavy Industries Ltd., Kobe Steel Ltd., Komatsu Ltd., Kubota Corp., Liebherr International AG, Sany Group, Schaeffler AG, Sunward Europe Heavy Industry NV, Terex Corp., Xuzhou Construction Machinery Group Co. Ltd., Yanmar Holdings Co. Ltd., and ZEPPELIN GmbH
Base Year- 2023; Estimated Year- 2024; Historic Period- 2018-2023; Forecast period- 2024 to 2032; Currency: Revenue (USD); Volume