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Infrastructure Development's Impact On Building And Road Construction Equipment Market: A Key Driver Powering Building And Road Construction Equipment Market Growth In 2025
Building And Road Construction Equipment
What Is the Current Building And Road Construction Equipment Market Size and Its Estimated Growth Rate?
The building & road construction equipment market has expanded quickly, from $203.1 billion in 2024 to $225.01 billion in 2025, reflecting a CAGR of 10.8%. Contributing elements include economic progress, infrastructure expansion, urban growth, and modernization needs.
The building & road construction equipment market is projected to grow rapidly, reaching $329.86 billion in 2029 at a CAGR of 10.0%. The growth is driven by infrastructure investment, smart construction, sustainable practices, urbanization, and the expansion of rental markets. Key trends include technological innovations, autonomous and remote-controlled equipment, digital twin technology, and customized equipment.
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How Are Emerging Segments Shaping the Building And Road Construction Equipment Market Landscape?
The building and road construction equipment market covered in this report is segmented -
1) By Product Type: Motor Graders, Road Roller, Wheel Loaders, Concrete Mixer, Bulldozers, Other Product Types
2) By Equipment Category: Earthmoving Equipment, Material-Handling Equipment, Heavy Construction Vehicles, Other Equipment Categories
3) By Application: Building Construction, Road Construction
Subsegments:
1) By Motor Graders: Crawler Graders, Wheeled Graders
2) By Road Roller: Single Drum Rollers, Double Drum Rollers, Pneumatic Rollers
3) By Wheel Loaders: Small Wheel Loaders, Medium Wheel Loaders, Large Wheel Loaders
4) By Concrete Mixer: Drum Mixers, Pan Mixers, Twin-Shaft Mixers, Volumetric Mixers
5) By Bulldozers: Crawler Bulldozers, Wheel Bulldozers
6) By Other Product Types: Backhoe Loaders, Excavators, Skid Steer Loaders, Dump Trucks, Asphalt Pavers
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Which Growth Factors Are Influencing Building And Road Construction Equipment Market Expansion?
Infrastructure development in both emerging and developed countries is driving the growth of the building and road construction equipment market. Governments and the private sector are focused on expanding infrastructure to support GDP growth, address the needs of growing populations, meet urbanization demands, and improve connectivity through highways and expressways. For example, India invested $22.4 billion in road construction, with 14% coming from private investments. Additionally, the World Bank reported that private sector infrastructure investments in low- and middle-income countries reached $76.2 billion in 2022, a 49% increase from the previous year. These infrastructure projects require advanced construction equipment, fueling the building and road construction equipment market.
Who Are the Dominant Players Across Different Building And Road Construction Equipment Market Segments?
Major companies operating in the building and road construction equipment market include Volvo Group, Caterpillar Inc., Komatsu Ltd., Liebherr Group, Hitachi Construction Machinery Co. Ltd., J.C. Bamford Excavators Limited, ere*x Corporation, Atlas Copco Group, Deere and Company, Sany Heavy Industry Co. Ltd., Wacker Neuson SE, CNH Industrial NV, Xuzhou Construction Machinery Group Co. Ltd., Zoomlion Heavy Industry Science and Technology Co. Ltd., Doosan Infracore Co. Ltd., Hyundai Heavy Industries Co. Ltd., Wirtgen Group, Kobelco Construction Machinery Co. Ltd., Manitowoc Company Inc., Bell Equipment Ltd., Astec Industries Inc., BopparderMaschinenbau-Gesellschaft mbH, Case Construction Equipment, FAYAT Group, Gomaco Corporation Inc., HAMM AG, JLG Industries Inc., Konecranes Oyj, Kubota Corporation, LiuGong Machinery Corp. Ltd., Manitou Group, Palfinger AG, Putzmeister Holding GmbH, SennebogenMaschinenfabrik GmbH, Tadano Ltd., Takeuchi Mfg. Co. Ltd.
What Are the Latest Developing Trends in the Building And Road Construction Equipment Market?
Key players in the building and road construction equipment market are prioritizing innovation, particularly through the development of construction excavators and forklifts to improve productivity and efficiency at construction sites. Excavators are designed for tasks like digging and demolition, while forklifts are used for material handling. In October 2023, HD Hyundai Construction Equipment, based in South Korea, introduced new products, including excavators, wheel loaders, and electric forklifts at their factory in Chakan, Pune. These excavators, such as the SMART Plus Series (8-ton, 14-ton, and 15-ton models), and the 50-ton HX520L for heavy-duty mining, alongside new forklift models, aim to enhance material handling efficiency.
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Which Geographic Regions Are Expected to Dominate the Building And Road Construction Equipment Market in the Coming Years?
Asia-Pacific was the largest region in the building and road construction equipment market in 2023. Western Europe was the second-largest region in the building and road construction equipment market. The regions covered in the building and road construction equipment market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Building And Road Construction Equipment Market?
2. What is the CAGR expected in the Building And Road Construction Equipment Market?
3. What Are the Key Innovations Transforming the Building And Road Construction Equipment Industry?
4. Which Region Is Leading the Building And Road Construction Equipment Market?
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