Global Forecast: Construction Equipment Market 2025 to 2033
The global Construction Equipment Market is anticipated to surge from $147.3 billion in 2024 to $253.8 billion by 2033, registering a CAGR of 6.1% over the forecast period. Market expansion is being catalyzed by the rising integration of smart construction technologies, increased automation in heavy machinery, and the sustained momentum of global infrastructure development. Strategic investments across North America, Europe, and Asia-Pacific—particularly in urban infrastructure, smart cities, and transportation networks—are reshaping the construction landscape and fueling robust equipment demand.