Market Size (2018)
2018
$124.80M
Vertical: PCMBase Year: 202112 Sections
Market Size (2018)
2018
$124.80M
Projected (2030)
2030
$175.48M
CAGR (2018–2030)
2.9%
2.9%Key Players
102+
This report covers Heavy Construction Equipment Market with forecasts from 2018 to 2030. 102 key companies are profiled.
The Heavy Construction Equipment Market market is projected to grow at a CAGR of 2.9% from 2018 to 2030.
Historical performance and future projections (2020–2030, USD Billion)
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View Subscription PlansMarket Size (USD Mn)
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View Subscription PlansAnalysis of Heavy Construction Equipment Market from 2018 to 2030. Covers North America, Europe, Asia Pacific, South America, Middle East and Africa.
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View Subscription PlansThis report applies a rigorous multi-stage research process combining primary interviews, secondary data sources, and bottom-up market modelling to ensure accuracy and completeness across all segments and geographies.
Base Year
2021
Historical Period
2018 – 2021
Forecast Period
2021 – 2030
Primary Interviews
150+
Historical data (2018–2021) and forecast period (2021–2030)
Our research process spans primary interviews with industry stakeholders combined with comprehensive secondary data analysis, validated through triangulation across multiple independent sources.
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View Subscription PlansMarket estimates by geography (2030)
InsightAsia Pacific leads with $75.75M by 2030.
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View Subscription Plans| REGION | 2018 | 2021 | 2030 | CAGR | SHARE |
|---|---|---|---|---|---|
| North America | $29.83M | $31.11M | $38.80M | 2.2% | 22% |
| Europe | $24.44M | $26.31M | $33.90M | 2.8% | 19% |
| Asia Pacific | $49.45M | $55.99M | $75.75M | 3.6% | 43% |
| South America | $8.94M | $9.23M | $11.39M | 2.0% | 6% |
| Middle East and Africa | $12.16M | $12.61M | $15.64M | 2.1% | 9% |
| Total | $124.82M | $135.25M | $175.48M | 2.9% | 100% |
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View Subscription PlansTotal Market Size
$175.47M
| APPLICATION | REVENUE ($B) | GROWTH RATE | MARKET PENETRATION |
|---|---|---|---|
| Excavation & Demolition | $54.55M | 2.9% | 82% |
| By Application_Material Handling | $36.13M | 2.9% | 67% |
| Recycling & Waste Management | $35.15M | 2.9% | 53% |
| Heavy Lifting | $28.68M | 2.9% | 61% |
| Tunneling | $20.96M | 2.9% | 60% |
* Revenue projections based on 2025 estimates. Growth rates represent CAGR 2024–2030. Market penetration indicates current adoption rate within addressable market segments.
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Analytical insights on Heavy Construction Equipment Market covering market dynamics, competitive landscape, and strategic outlook.
The Heavy Construction Equipment Market market is projected to reach $175.48M by 2030, growing at 2.9% CAGR. The Excavation & Demolition segment holds the largest share.
The Heavy Construction Equipment Market market encompasses 5 key regions and 5 market segments, with the study period spanning 2018 to 2030. The market demonstrates a 2.9% compound annual growth rate, reflecting strong underlying demand fundamentals.
Among the identified segments, Excavation & Demolition leads with $54.55M by 2030, followed by By Application_Material Handling at $36.13M. These segments collectively account for the largest share of total market revenue.
This report profiles 102 key companies operating in the Heavy Construction Equipment Market market, covering market positioning, product portfolios, and recent developments.
Leading players include Volvo Group , Sany Heavy Industry Co., Ltd, Liebherr AG , JCB, CNH Industrial N.V , and 97 others.
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Profiles of 102 companies operating in the Heavy Construction Equipment Market market, including revenue, employee count, and market positioning where available.
Showing 102 of 102 companies
Doosan Bobcat
Company Headquarters: South Korea Founded: 1958 Workforce: 1,001-5,000 Company Working: Doosan Bobcat manufactures construction equipment. The Company offers loaders, excavators, compressors, drill modules, generators, and other equipment. Doosan Bobcat also manufactures construction machinery. Doosan Bobcat is conducts business globally.
Wacker Neuson SE
Company Headquarters: Munich, Germany Founded: 1848 Workforce: ~6,329 Company Working: Wacker Neuson SE Wacker Neuson SE (Wacker Neuson) manufactures and supplies construction equipment. It markets and manufactures light construction equipment and compact construction machines. The company’s product portfolio includes vibrators, converters, trowels, vibratory plates, rollers, pumps, generators, hydronic heaters, excavators, dumpers, skid steer loaders, wheel loaders, air dehumidifiers, and various used equipment. Wacker Neuson also provides rental services, spare parts, financing solutions and repair and maintenance services. Its products and services find application in various fields such as construction, civil engineering, municipal bodies, landscaping, gardening, agriculture, energy, rail transport and recycling sectors. The company markets its products under brands such as Wacker Neuson, Kramer and Weidemann. It operates through affiliates and sales and service stations across Europe, the Americas and Asia-Pacific.
Terex Corporation
Company Headquarters: Connecticut, United States Founded: 1970 Workforce: ~ 8,600 Company Working: Terex Corporation (Terex) is a manufacturer of lifting and material processing products. Its portfolio of products includes aerial work platforms, cranes, concrete products, material handlers, industrial cranes, backhoe and dumpers, port solutions, aerial devices, digger derricks and auger tools. The company’s key brands include Terex, Genie, Fuchs, Powerscreen, Canica, Cedarapids, CBI, EvoQuip, Simplicity, Terex Ecotec, Terex Finlay, Franna, Terex MPS, Terex Jaques, Terex Washing Systems, Terex Conveying Systems, Terex Advance, Terex Bid-Well, and ProStacktm. Terex serves wide range of industries including infrastructure, construction, maintenance, manufacturing, transportation, shipping, energy, utilities, quarrying and mining. In addition, through Terex Financial Services, it offers financial products and services to assist in the acquisition of equipment.
CNH Industrial N.V
Company Headquarters: London, United Kingdom Founded: 2012 Workforce: ~ 71,895 Company Working: CNH Industrial N.V (CNH) is a capital goods company. It designs, produces, markets, sells and finances commercial vehicles, buses and specialty vehicles and axles for these vehicles; and engines for marine and power generation applications. Its offerings include Case IH, New Holland Agriculture and Steyr branded tractors and agricultural machinery; Case and New Holland Construction branded earth moving equipment; Iveco branded commercial vehicles; and Iveco and Heuliez branded buses and coaches; besides quarry and construction vehicles; defence and civil protection vehicles, firefighting vehicles; and engines and transmissions. CNH serves customers in Europe, the Middle East, Africa, North America, Asia Pacific and Latin America. It has manufacturing, distribution and other facilities worldwide.
JCB
Company Headquarters: Rocester, United Kingdom Founded: 1945 Workforce: more than 10,000 Company Working: JCB (J.C. Bamford Excavators Limited) JCB is one of the largest privately owned engineering and manufacturing companies in the UK and the among the World's top five manufacturer of construction machinery. The company offers machines, attachments, light, generators, large, agriculture, and industrial equipment, as well as utility vehicles. J.C. Bamford Excavators serves clients worldwide with a presence and manufacturing facilities on 4 continents and produce over 300 different products.
Liebherr AG
Company Headquarters: Bulle, Switzerland Founded: 1949 Workforce: ~ 49,611 Company Working: Liebherr AG (Liebherr) designs, manufactures and supplies construction machinery globally. Liebherr’s portfolio of products includes tower cranes, wheeled loaders, truck cranes, hydraulic rope excavators, hydraulic excavators, pipe-laying machines, dumper trucks, crawler tractors and loaders, concrete mixing plants and truck mixer models. The company also provides services such as supply of spare parts and components, logistics, rental, and hospitality services. Liebherr operates production plants in Austria, Brazil, Bulgaria, China, France, Germany, the UK, India, Ireland, Mexico, the Russian Federation, Spain, Switzerland, Thailand, and the US. The company has hotels across Ireland, Austria, and Germany.
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Heavy Construction Equipment Market