The global construction equipment market is set for steady growth through 2031, with earthmoving machinery accounting for over 59% of total market share, according to the 2026 report by Mordor Intelligence. The dominance of earthmoving equipment underscores its critical role in infrastructure development, mining, urban construction, and large-scale civil engineering projects.
Earthmoving machinery—including excavators, loaders, bulldozers, and backhoe loaders—continues to see strong demand due to widespread investment in highways, railways, housing, and industrial corridors. Emerging economies, in particular, are driving volume growth as governments prioritise infrastructure expansion and urbanisation.
The report highlights that technological advancements are reshaping the segment. Equipment manufacturers are increasingly integrating telematics, automation, and AI-enabled features to improve productivity, safety, and fuel efficiency. Sustainability is also influencing purchasing decisions, with rising demand for low-emission, hybrid, and electric machines.
Beyond earthmoving, the market outlook remains positive for material handling and road construction equipment, supported by logistics growth and transportation infrastructure upgrades. Rental services are also gaining momentum, offering cost-efficient access to modern machinery.
Mordor Intelligence expects infrastructure-led capital expenditure, coupled with innovation and sustainability trends, to sustain long-term growth in the construction equipment market—cementing earthmoving machinery’s leadership position through 2031.
