Skip navigation
Reports & Analysis Custom Research Research Subscriptions
Sign In / Create Account Cart
Sign In / Create Account Cart
  • Reports & Analysis
  • Custom Research
  • Research Subscriptions

Resources

  • Analyst Buzz
  • Press Releases
  • Blog
  • Resources & Downloads

The Freedonia Group

  • Contact
  • About
  • Our Staff
  • Help Center
  • Career Opportunities
Freedonia Market Research Press Releases Tech Innovation to Fuel Global Construction Machinery Market Gains Through 2025

Tech Innovation to Fuel Global Construction Machinery Market Gains Through 2025

by Corinne Gangloff

January 25, 2022

Cleveland OH, January 25, 2022 – Technology innovation will fuel global construction machinery market gains through 2025, finds a new Freedonia Group analysis. Despite a modest increase in unit sales, global demand for construction machinery is forecast to grow 4.1% per year to $250 billion in 2025, boosted by the introduction of newly developed, state-of-the-art equipment, which will cost considerably more than predecessors.

Other key factors supporting market growth include:

  • rising construction activity and infrastructure spending
  • advances in worldwide mining and forestry activity and energy production, supported by a recovery in commodity prices from 2020 lows
  • increasing replacement sales, after many operators delayed machinery purchases in 2020 due to the COVID-19 pandemic
  • rising sales of replacement parts and attachments as the amount of equipment in use around world increases

R&D Focused on Improving Performance, Operability, & Sustainability

Industry leaders are currently developing the next generation of construction equipment – ranging from alternative fuel trucks and semi-autonomous excavators – which will be considerably more productive, efficient, and environmentally friendly. New models will feature a variety of innovative technologies, such as advanced sensors, electric engines, and sophisticated data collection capabilities. For example:

  • Caterpillar offers excavators with technology that calculates real-time payload estimates without swinging to help prevent over- and under-loading trucks.
  • Komatsu offers dozers that are equipped with capabilities that enable automatic tilt steering control and automatic spreading of fill material.

The incorporation of such technologies into new models will spur both new and replacement equipment sales and drive up average construction equipment prices.

Want to Learn More?

Global Construction Machinery, now available from The Freedonia Group, provides historical data for 2010, 2015, and 2020, and forecasts for 2025 and 2030 for global construction machinery demand by product type, total production, and net exports on a country-by-country basis in millions of current US dollars, including inflation. Also provided at the world level is construction machinery demand by product type in thousands of units.

Products:

  • excavators, including crawler-mounted, wheeled, hydraulic, and cable-types
  • loaders (wheel, skid steer, crawler, and backhoes)
  • cranes (e.g., truck-based and tower cranes, rough terrain and all-terrain, telescopic, crawler) and draglines
  • dozers (angledozers, bulldozers, wheel dozers, and crawler dozers) and off-highway trucks (also known as haulers; include one-piece, or rigid frame haulers, or two or more sections, or articulated haulers)
  • mixers, pavers, and related equipment
  • graders, rollers, and related equipment (including scrapers and embankment and landfill compacters)
  • separately sold replacement parts and attachments (auger drives, blades, buckets, couplers, drills, grabs, hammers, shovels, etc.)

Have unique research needs?

Freedonia Custom Research listens intently to your needs and objectives. Then we work diligently to define and deliver a service to meet them.
Learn About Our Custom Research Services

Subscribe to Our Blog

Stay up to date with the latest information about new market research and news in areas relevant to your business from our analysts and team members.

Freedonia Focus Blog Subscription

Provide the following details to subscribe.

The Freedonia Group needs the contact information you provide to us to contact you about our products and services. You may unsubscribe from these communications at any time. For information on how to unsubscribe, as well as our privacy practices and commitment to protecting your privacy, please review our Privacy Policy.
  • Contact
  • About
  • Help Center
  • Career Opportunities
  • Press Contact
  • User Agreement
  • Privacy Policy
  • Site Map

Additional Resources

  • Market Size Resources
  • Lawn & Garden Market Research
  • Roofing Market Research
  • Pet Products Market Research
  • Countertops Market Research
  • Power Tools Market Research
  • Publishing for the PreK-12 Market Research
  • Insulation Market Resaerch
  • Cabinets Market Research
  • Flooring Market Research
  • Pet Supplements Market Research
  • Agricultural Equipment Market Research
  • Open Access Publishing Market Research
  • Silicones Market Research
  • For Legal Inquiries, contact Cohen & Cohen
Copyright © 2025 The Freedonia Group, Inc. All rights reserved.