Construction Equipment - Statistics & Facts

By 2020, the global construction equipment market is estimated to be sized at around 90 billion U.S. dollars. In 2019, the North American market was estimated to be the second biggest market for construction equipment worldwide. Illinois-based Caterpillar is one of the world’s largest construction machinery makers. The manufacturer of engines and machines such as skid steer loaders, off-highway trucks, and wheel excavators generated around 55 billion U.S. dollars in global revenue in 2018. Along with crawler dozers, crawler excavators, and aerial work platforms, wheel loaders ranked among the most important product categories.

The industry is heavily dependent on the global economy. Demand for products is often a result of new construction projects. Investments from public and private sectors into urbanization and infrastructure projects will drive the construction equipment market growth. Important regions for this industry are North America, Western Europe and East Asia. These regions are home to some prominent construction equipment manufacturers who must compete in a highly competitive field. Emerging economies such as India and China are market hotspots due to their government-led infrastructure investments.

Advancements in construction equipment brought rapid urbanization and major infrastructure to reach all over the world. In turn, the high demand for construction equipment has led to a high level of capacity and capability from machinery. The technology continues to make significant progress in efficiency and productivity. Manufacturers must invest heavily into research and development in order to keep up with their rivals. The industry began shifting towards high tech products that utilize connectivity, remote use, autonomous vehicles and electromobility.

Interesting statistics

In the following 3 chapters, you will quickly find the 20 most important statistics relating to "Construction Equipment".

Construction equipment industry in the U.S.

Dossier on the topic

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Important key figures

The most important key figures provide you with a compact summary of the topic of "Construction Equipment" and take you straight to the corresponding statistics.

Importance in the nation's economy

U.S. construction equipment market

Global equipment market

Interesting Statista reports

Statista Industry Report - NAICS Code 333
Statista Toplist
Statista Industry Report - NAICS Code 23

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