North America Construction Equipment Market to Grow with a CAGR of 3.34% through 2030
Increasing construction
activities, demand for advanced equipment technologies, and a shift toward
rental services are the factors driving the market in the forecast period
2026-2030.
According to TechSci Research report, “North America Construction
Equipment Market – Industry Size, Share, Trends, Opportunity, and Forecast,
2020-2030F”, The North America Construction
Equipment Market was valued at USD 22.11 billion in 2024 and is expected to
reach USD 26.92 billion by 2030 with a CAGR of 3.34% during the forecast period.
Infrastructure development and urban construction continue fueling the
need for advanced construction equipment across a range of industries.
Government spending on highways, bridges, and energy facilities sustains demand
for machinery capable of handling complex tasks. Contractors are modernizing
fleets to enhance operational efficiency and adhere to evolving environmental
standards. The shift toward electric and hybrid machines reflects a broader
push for sustainability and reduced operating costs. Integration of smart
technologies and machine control systems has become vital, delivering precision
and improved management of resources during large-scale construction
activities.
Technological progress plays a significant role in shaping equipment
trends, with contractors using data analytics and connected systems to optimize
machinery performance. Flexibility in equipment design allows operators to
adapt to multiple functions, from digging foundations to lifting materials.
Compact machines gain popularity for urban worksites where space constraints
demand smaller footprints without sacrificing power. Interest in electric and
hybrid solutions grows as companies aim to reduce emissions while maintaining
productivity. The rental sector thrives, providing contractors access to modern
machinery without high initial costs, supporting diverse project timelines and
budget strategies.
Manufacturers navigate challenges tied to inconsistent raw material
costs, impacting overall production expenses and pricing strategies. Shortages
of skilled workers create obstacles in manufacturing and on-site operations,
prompting investment in training programs and automated solutions. Elevated
machinery costs influence contractor purchasing decisions as they assess value
against operational savings and compliance with emissions laws. Stricter
regulatory landscapes add complexity and costs for manufacturers, demanding
innovative engineering solutions. Despite obstacles, the construction equipment
market maintains a positive trajectory, driven by sustainability goals,
modernization, and the necessity for reliable machinery across all types of
construction projects.
Browse over North America Construction Equipment Market data Figures
spread through XX Pages and an in-depth TOC on "North America Construction Equipment Market"
North
America Construction Equipment Market is Segmented By Type, Power Output,
Application and By Country.
Construction
equipment serves a broad spectrum of applications, reflecting the diverse
demands of modern infrastructure and development projects. In material
handling, machines assist with transporting and organizing heavy loads,
ensuring efficient site operations and safe movement of resources. Excavation
and demolition tasks rely on equipment capable of digging, breaking structures,
and preparing sites for new developments. These machines must deliver both
power and precision to manage challenging soil conditions or dismantle existing
structures with minimal environmental disruption. Recycling and waste
management applications call for specialized machinery designed to handle
debris sorting, compacting, and transferring recyclable materials or waste to designated
facilities. Equipment plays a crucial role in supporting sustainability
initiatives by improving efficiency in waste processing and reducing landfill
burdens. Tunneling projects depend on machines engineered for confined spaces
and rugged geological conditions, delivering consistent performance to carve
out pathways for transport systems, utilities, or water management. Other
applications encompass a variety of specialized tasks such as landscaping, road
maintenance, and snow removal, requiring adaptable equipment solutions.
Manufacturers focus on building versatile, durable machinery that can
transition seamlessly between applications, offering contractors the
flexibility to address different project needs while managing operational costs
and adhering to environmental standards.
Mexico
stands out for its rapid growth in the construction equipment market during
2024, driven by infrastructure expansion and urban development initiatives.
Large-scale public projects focusing on roads, transportation hubs, and
renewable energy facilities contribute to rising demand for machinery capable
of handling complex operations across varied terrains. Construction companies
increasingly require advanced machines equipped with technology that enhances
precision, safety, and operational efficiency. Sustainability goals influence
purchasing decisions, as contractors look for low-emission and energy-efficient
models to meet regulatory requirements and reduce environmental impact.
Mexico’s economic environment supports construction investment, with significant
funding directed toward modernizing cities and improving connectivity.
Contractors seek machines offering reliability, durability, and cost
efficiency, balancing project budgets with the need for high-performance
equipment. A growing emphasis on residential and commercial developments
creates further demand for compact machines capable of working in urban spaces
with tight operating conditions. Digital solutions integrated into construction
equipment appeal to Mexican contractors aiming to optimize fleet management,
reduce downtime, and manage resources effectively. Despite facing challenges
like fluctuating input costs and workforce training needs, Mexico’s market
momentum is sustained by active infrastructure spending and technological
advancements in equipment offerings, positioning it as the region with the
fastest market growth in 2024.
Major Market
Players Operating in North America Construction Equipment Market Are:
- Caterpillar Inc.
- CNH Industrial N.V. (Case
Construction, New Holland)
- Deere & Company (John Deere)
- Doosan Infracore North America
- Hitachi Construction Machinery
Co., Ltd.
- JCB North America
- Komatsu Ltd.
- Liebherr Group
- Terex Corporation
- Volvo Construction Equipment
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“The North
America construction equipment market is experiencing steady growth fueled by
infrastructure investment, sustainability regulations, and technological
innovation. Contractors demand machinery capable of delivering efficiency,
safety, and versatility across diverse applications, from material handling to
tunneling. Rental services expand as businesses seek flexible solutions for
fluctuating workloads without large capital commitments. Challenges persist in
the form of raw material cost volatility, skilled labor shortages, and rising
regulatory demands. Mexico emerges as a significant growth hotspot, driven by
infrastructure initiatives and urban development. Despite obstacles,
modernization trends and sustainability goals keep the market poised for
progress through 2030.” said Mr. Karan Chechi, Research Director with TechSci
Research, a research based global management consulting firm.
The report
titled “North America Construction Equipment Market – Industry Size, Share,
Trends, Opportunity, and Forecast By Type (Loader, Forklift, Excavator, Dozers,
Others), By Power Output (<100hp, 101-200hp, 201-400hp, >400hp), By
Application (Material Handling, Excavation & Demolition, Recycling &
Waste Management, Tunnelling, Others), By Country, By Competition, By
Competition, 2020-2030F”, assesses the market's future growth potential and
provides data on market size, trends, and forecasts. It aims to offer
comprehensive market insights, helping decision-makers make informed investment
choices. The report also highlights emerging trends, key drivers, challenges,
and opportunities in the North America Construction Equipment Market.
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