The global heavy construction equipment market has delivered a USD 13.5 billion increase in revenues over the last year — a clear sign that infrastructure-investment momentum remains strong across the globe. According to recent market research, the industry grew from roughly USD 204 billion in 2024 to around USD 217.5 billion in 2025.
Industry analysts attribute the rise to a combination of factors: robust government spending on roads, rail, ports and utilities; rapid urbanization in developing economies; and an uptick in equipment replacement cycles in mature markets. Advanced technologies such as telematics, automation and electrified drivetrains are adding premium value to new machinery.
Despite the overall growth, market watchers caution about regional imbalances and headwinds. China’s equipment sales have softened due to slowing property and infrastructure growth, while tariff pressures and supply-chain constraints are limiting upside in North America and Europe.
Looking ahead, the market is expected to grow at a compound annual growth rate (CAGR) of around 5–6% over the next several years, reaching over USD 280 billion by 2029-2030. Emerging segments like electric machinery, rental models and mining-equipment demand offer the greatest long-term upside.
