Saudi Arabia’s Infrastructure Projects Propel Construction Equipment Demand

The global construction equipment market is poised for significant growth in the coming years. With a projected compound annual growth rate (CAGR) of 6.3% from 2024 to 2034, the market is expected to reach a total value of USD 319.1 billion by 2034. In 2024, the market size is anticipated to stand at USD 188.42 billion, reflecting a robust upward trajectory fueled by continued urbanization, infrastructure development, and industrial expansion worldwide. 

This report presents a detailed analysis of the construction equipment market, segmenting it based on equipment types, applications, and regions. Additionally, we will delve into the market's key drivers, challenges, and future outlook, along with the competitive landscape and emerging trends that are expected to shape the industry over the next decade. 

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Market Overview 

The construction equipment industry is a crucial segment of the global economy, as it provides the essential machinery for infrastructure projects across various sectors, including residential, commercial, and industrial construction. The market comprises a diverse range of equipment designed for tasks such as earthmoving, material handling, concrete mixing, road building, civil engineering, and more. As the demand for construction equipment continues to rise, driven by the need for better infrastructure, the sector is set to experience consistent growth. 

Market Scope 

Report Attributes 

Market Size in 2024: USD 188.42 Billion 

Market Forecast in 2034: USD 319.1 Billion 

CAGR (2024-2034): 6.3% 

Base Year: 2023 

Historic Data: 2016-2022 

Forecast Period: 2024-2034 

Report USP: Production, consumption, company share, company heatmap, company production capacity, growth factors, and more. 

Segments Covered 

By Equipment Type 

By Application 

By Region 

Regional Scope 

North America 

Europe 

Asia-Pacific (APAC) 

South America 

Middle East and Africa (MEA) 

Country Scope 

North America: U.S., Canada 

Europe: U.K., Germany, France, Italy, Spain, Benelux, Nordic Countries, Russia 

Asia-Pacific: China, India, Japan, South Korea, Australia, Indonesia, Thailand 

South America: Mexico, Brazil, Argentina 

Middle East & Africa: Saudi Arabia, UAE, Egypt, South Africa, Nigeria 

Key Market Players: