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 – By Country, Competition, Opportunities 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.
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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 of TechSci Research, a research based global management consulting
firm.
“North America Construction Equipment Market 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, Competition, Opportunities and Forecast, 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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