This dossier presents graphs and tables about the global construction equipment industry. Providing a regional market segmentation, it also provides revenue figures of the major construction machinery manufacturers.
Table of Contents
Description: The construction industry grew to a spending value of close to 12 trillion U.S. dollars before the coronavirus pandemic, and is expected to grow by three percent per annum. This includes building projects in real estate – either residential or commercial – but also in infrastructure or industrial structures. Construction spending data includes cost of labor and materials, architectural and engineering work, and taxes.
Description: The global construction equipment market was estimated at 136.3 billion U.S. dollars in 2020. This market is expected to increase to around 234.6 billion U.S. dollars by 2030.
Description: China is expected to account for more than 20 percent of the global construction equipment market in 2022. That year, about 228,330 units are expected to be sold in China.
Description: Global construction machinery sales are expected to range between one and 1.1 million units in 2022. Globally, the sales volume is anticipated to witness moderate growth of one percent between 2021 and 2022.
Description: Global sales of construction equipment are expected to reach approximately 1.1 million units by 2023. The global construction equipment market is projected to remain flat between 2018 and 2023 with construction equipment sales predicted to hover around the one million unit mark.
Description: The global market for heavy construction equipment is expected to increase continuously in the upcoming years based on a 2020 forecast. By 2030, this market is expected to be worth over 273 billion U.S. dollars.
Description: This statistic shows the market size of the construction equipment and heavy equipment in North America between 2018 and 2026. In 2026, the North American construction equipment and heavy equipment market is expected to exceed 51 billion U.S. dollars.
Description: North American sales of construction equipment are expected to reach about 236,825 by 2022. North America is one of the largest target markets for construction equipment worldwide.
Description: This statistic represents gross output of construction machinery manufacturing in the United States between 2012 and 2019. In 2019, this subsector generated a gross output of some 33.2 billion U.S. dollars.
Description: This statistic shows the revenue of the industry “construction machinery manufacturing” in the U.S. from 2012 to 2017, with a forecast to 2024. It is projected that the revenue of construction machinery manufacturing in the U.S. will amount to approximately 33,9 billion U.S. Dollars by 2024.
Description: This statistic gives the market size of the construction equipment and heavy equipment in Europe between 2018 and 2026. In 2026, the European construction equipment and heavy equipment market is expected to exceed 40 billion U.S. dollars.
Description: This statistic displays the share of construction equipment sales in selected European countries from 2017 to 2021. In the last four years, Germany was the largest market for construction equipment, accounting for 23 percent of sales in 2021. The United Kingdom and France followed, with 13 percent and 12 percent, respectively.
Description: As the Asia-Pacific region is catching up with the other developed economic regions of the West, the entire economies in this region experiences a quick growth path. By 2026, the market for construction equipment and heavy equipment is forecasted to reach roughly 65 billion U.S. dollars based on a 2018 estimation.
Description: The Indian construction equipment market is composed of concrete mixing, road construction equipment, material handling, and earthmoving market segments. In 2020, the road construction equipment market segment made up roughly 12.1 percent of the construction equipment market in India. By 2025, the Indian construction equipment market is expected to exceed 4.7 billion U.S. dollars.
Description: This statistic illustrates the leading construction equipment manufacturers worldwide in 2020, based on market share. With a market share of 10.4 percent, Japan’s Komatsu was ranked second that year.
Description: Caterpillar was the world’s largest construction machinery manufacturers in 2020, based on construction equipment sales: Caterpillar sold equipment to the value of around 24.8 billion U.S. dollars.
Description: In the fiscal year of 2021, Caterpillar reported a revenue of approximately 51 billion U.S. dollars generated from global sales. About 22 billion U.S. dollars of the revenue was generated in North America. Caterpillar experienced a 22 percent increase in revenue relative to the previous year.
Description: In 2021, 43 percent of the external revenue was generated from Caterpillar`s construction industry segment, amounting to approximately 22.1 billion U.S. dollars. The energy and transportation segment was not far off, recording revenue of about 20.3 billion U.S. dollars in the same period.
Description: In the fiscal year ended March 31, 2022, the Japan-based multinational manufacturer of construction, mining, and military equipment generated around 2.8 trillion Japanese yen in revenue.
Description: In the fiscal year ended March 31, 2021, the heavy equipment manufacturer, Komatsu Limited, accumulated most of its revenue from sales in the Americas region which amounted to approximately 732 billion Japanese yen. Their second largest market was the Asia and Oceania region, which generated a revenue of about 369 billion Japanese yen.
Description: John Deere, the agricultural equipment company, generated about 44 billion U.S. dollars in net sales and revenue in 2021.
Description: The statistic shows John Deere’s net sales and revenue streams in the fiscal year of 2021, by segment. In the fiscal year ending October 31, 2021, the company generated over 11.3 billion U.S. dollars in revenue from its construction and forestry segment.
Source from Statista
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