The global construction equipment market size continues to surge, driven by escalating infrastructure investments, urban development, and advances in machine digitization. According to MarketsandMarkets, the market is expected to grow from USD 148.02 billion in 2024 to USD 186.62 billion by 2030, at a CAGR of 3.9%.
Against this backdrop, construction machinery market share is increasingly concentrated among leading OEMs and regional champions, who are leveraging scale, innovation, and strategic partnerships to capture larger slices of the value chain.
Global heavyweights such as Caterpillar, Komatsu, Deere, Hitachi, and Volvo CE continue to dominate in mature markets, translating their brand reputation and extensive service networks into strong construction machinery market share globally.
At the same time, Chinese manufacturers including SANY, XCMG, and Zoomlion are aggressively expanding their footprints, especially in Asia and emerging markets, thus chipping away at traditional incumbents’ share.
A key differentiator is specialization. The crawler excavator segment is expected to command the largest share within the construction equipment space, owing to its versatility across sectors—from civil works to mining.
Meanwhile, equipment with > 10 L engine capacity is projected to register rapid growth, allowing manufacturers that supply heavy-duty machinery to capture more share in high-barrier segments.
Regional dynamics play a major role in shaping construction machinery market share. Asia Pacific is projected to remain the largest region by share, thanks to deepening infrastructure activity in China, India, and Southeast Asia.
North America and Europe, while more mature, offer opportunities for premium and electric/hybrid machinery segments, enabling players with advanced products to gradually increase their share in those regions.
Electrification is also emerging as a strategic lever for share gains. The electric construction equipment market is projected to reach USD 6.07 billion by 2032, with a rapid CAGR of 13.8% from 2025 onward.
OEMs who pioneer efficient electric machines and hybrid systems could seize additional share from legacy diesel-centric players.
Further, the shift toward connected, automated, and telematics-enabled machinery is reshaping competitive dynamics. Players embedding value-added digital services are more likely to retain market share by creating stickiness and differentiation.
Conclusion
As the construction equipment market size expands, construction machinery market share is becoming more contestable. Established global OEMs must defend their dominance by innovating in electric propulsion, digital services, and regionally aligned product strategies.