토목건설기계 시장 규모, 점유율, 성장 및 세계 업계 분석, 지역별 인사이트 및 예측(2026-2034년)

Growth Factors of earthmoving equipment Market

The global earthmoving equipment market size was valued at USD 75.51 billion in 2025 and is projected to grow from USD 80.95 billion in 2026 to USD 141.18 billion by 2034, registering a CAGR of 7.20% during the forecast period. Asia Pacific dominated the global market with a 38.38% share in 2025, supported by rapid infrastructure development, construction activities, mining investments, and urbanization.

Market Definition and Scope

Earthmoving equipment includes heavy machinery used for excavating, grading, lifting, hauling, and moving soil, rock, and other materials. Major equipment categories include excavators, loaders, dump trucks, motor graders, and dumpers. These machines are widely utilized across construction, mining, agriculture, forestry, quarrying, demolition, and infrastructure projects. Growing infrastructure investments and increasing demand for efficient machinery are strengthening the market outlook.

Market Dynamics

Drivers

Increasing infrastructure development across developed and emerging economies is a major market driver. Governments are investing in roads, bridges, highways, railways, tunnels, and other infrastructure, creating sustained demand for earthmoving machinery. In addition, manufacturers are introducing next-generation equipment, operational improvements, automation, and aftermarket services to address changing customer requirements.

Trends

The growing demand for excavators is a significant market trend. Excavators are extensively used in construction, mining, quarrying, demolition, and site preparation. Crawler excavators are particularly important because of their high load-bearing capability and suitability for difficult terrain. Rental services are also gaining traction as contractors and small and medium-sized businesses seek to reduce equipment ownership costs.

Restraints

Environmental concerns associated with construction machinery can restrict market growth. Earthmoving equipment can generate NOx, VOC, and carbon monoxide emissions, creating pressure on manufacturers to comply with increasingly stringent emission standards. Governments and regulatory agencies are therefore emphasizing cleaner technologies, improved fuel efficiency, emission monitoring, and environmentally responsible equipment operation.

Impact of Infrastructure Development

Rapid urbanization, population growth, industrialization, and globalization are increasing the requirement for large-scale infrastructure projects. Construction and mining companies require efficient machinery to complete projects faster and reduce labor and operating costs. This environment is encouraging equipment manufacturers to invest in connected technologies, automation, improved productivity, and advanced machine designs.

Segmentation Analysis

By Equipment Type, the market is segmented into excavators, loaders, dump trucks, and others, including motor graders and dumpers. Excavators are expected to experience strong growth because of their extensive applications across residential, commercial, industrial, mining, and infrastructure projects. Rental demand and the transition toward automated equipment are further supporting this segment.

By Industry, the market is divided into construction, mining, agriculture & forestry, and others, including oil & gas. The construction industry is projected to maintain the leading position because infrastructure development requires substantial deployment of excavators, loaders, dump trucks, and other machinery. Mining is also expected to register significant demand due to industrialization and increasing investments in mining activities.

Regional Insights

Asia Pacific held the leading position with a 38.38% market share in 2025, supported by construction and mining activities and infrastructure investments in countries such as China and India. The Asia Pacific earthmoving equipment market value was USD 26.81 billion in 2025.

North America is expected to maintain a substantial position due to the presence of major manufacturers and continued investment in construction and infrastructure. Technological development, strategic partnerships, acquisitions, and aftermarket services are strengthening regional opportunities.

Europe is anticipated to witness considerable growth, supported by machinery demand in Germany, Italy, and other countries. Government infrastructure initiatives and stringent environmental regulations are encouraging the adoption of efficient and technologically advanced equipment.

The Middle East & Africa and Latin America are expected to record steady growth as infrastructure development and construction activities expand.

Competitive Landscape

The earthmoving equipment market is characterized by the presence of established global manufacturers. Companies are focusing on product innovation, automation, connected technologies, strategic partnerships, acquisitions, rental services, and aftermarket support to strengthen their competitive positions and meet customer requirements across developed and emerging markets.

List of Key Earthmoving Equipment Companies

• AB Volvo
• Caterpillar Inc.
• Komatsu Ltd.
• Doosan Infracore Co. Ltd.
• Hitachi Construction Machinery Co. Ltd.
• J.C. Bamford Excavators Limited
• Liebherr Group
• CNH Industrial N.V.
• Hyundai Heavy Industries Co. Ltd.
• Terex Corporation
• SANY America

Recent Industry Developments

In July 2021, AB Volvo introduced the EC550E and EC530E excavators, expanding its presence in the 50-ton excavator category. In May 2021, Liebherr introduced the T 274 haul truck with a 305-ton capacity. In April 2021, Komatsu launched the PC5500-11 twin-engine excavator featuring productivity and durability enhancements. In March 2021, Doosan Infracore introduced a super-large 100-ton excavator incorporating updated technology and performance features.

Report Coverage

The earthmoving equipment market report covers market size, market value, growth drivers, restraints, industry trends, segmentation, regional analysis, competitive landscape, technological developments, and key industry developments. The analysis examines demand across equipment categories and end-use industries while highlighting infrastructure investment, construction activity, mining development, equipment rental, automation, and environmental regulations as important factors shaping market opportunities.

Earthmoving Equipment Market Size and Market Value by Year

• 2025 Market Size: USD 75.51 billion
• 2026 Market Size: USD 80.95 billion
• 2034 Forecast Market Size: USD 141.18 billion
• CAGR: 7.20% during 2026-2034
• Asia Pacific 2025 Market Value: USD 26.81 billion

Conclusion

The earthmoving equipment market is expected to expand steadily through 2034, driven by infrastructure development, construction and mining activities, urbanization, and rising demand for productive machinery. Excavators are expected to remain an important growth category, while equipment rental, automation, connected technologies, and aftermarket services are creating additional opportunities. Asia Pacific continues to represent the largest regional market, supported by major infrastructure investments in China and India. At the same time, environmental regulations are encouraging manufacturers to develop more fuel-efficient and lower-emission machines. Overall, technological advancement, infrastructure spending, and expanding construction and mining activities will remain central to the market's growth.

Unit Value (USD billion)

Segmentation By Equipment Type

• Excavators
  • Mini Excavator
  • Crawler Excavator
  • Wheeled Excavator
  • Others (Dragline, Long Reach, etc.)
• Loaders
  • Skid Steer
  • Backhoe
  • Wheeled
  • Crawler/ Track
  • Mini Loaders
• Dump Trucks
  • Articulated Trucks
  • Rigid Trucks
• Others (Dumpers, Motor Graders, etc.)

By Industry

• Mining
• Construction
• Agriculture & forestry
• Others (Oil & Gas, etc.)

By Region

• North America (U.S. and Canada)
• Europe (U.K., Germany, France, and the Rest of Europe)
• Asia Pacific (Japan, China, India, Southeast Asia, and the Rest of Asia Pacific)
• Middle East & Africa (South Africa, GCC and the Rest of Middle East & Africa)
• Latin America (Brazil, Mexico, and the Rest of Latin America)

Table of Content

1. Introduction

• 1.1. Definition, By Segment
• 1.2. Research Approach
• 1.3. Sources

2. Executive Summary

3. Market Dynamics

• 3.1. Drivers, Restraints and Opportunities
• 3.2. Emerging Trends

4. Key Insights

• 4.1. Macro and Micro Economic Indicators
• 4.2. Consolidated SWOT Analysis of Key Players
• 4.3. Porter's Five Forces Analysis

5. Global Earthmoving Equipment Market Analysis, Insights and Forecast, 2021-2034

• 5.1. Key Findings / Summary
• 5.2. Market Size Estimates and Forecasts
  • 5.2.1. By Equipment Type (Value)
    • 5.2.1.1. Excavators
      • 5.2.1.1.1. Mini Excavator
      • 5.2.1.1.2. Crawler Excavator
      • 5.2.1.1.3. Wheeled Excavator
      • 5.2.1.1.4. Others (Dragline, Long Reach, etc.)
    • 5.2.1.2. Loaders
      • 5.2.1.2.1. Skid Steer
      • 5.2.1.2.2. Backhoe
      • 5.2.1.2.3. Wheeled Excavator
      • 5.2.1.2.4. Crawler/ Track
      • 5.2.1.2.5. Mini Loaders
    • 5.2.1.3. Dump Trucks
      • 5.2.1.3.1. Articulated Trucks
      • 5.2.1.3.2. Rigid Trucks
    • 5.2.1.4. Others (Dumpers, Motor Graders, etc.)
  • 5.2.2. By Industry (Value)
    • 5.2.2.1. Mining
    • 5.2.2.2. Construction
    • 5.2.2.3. Agriculture & forestry
    • 5.2.2.4. Others (Oil & Gas, etc.)
  • 5.2.3. By Geography (Value)
    • 5.2.3.1. North America
    • 5.2.3.2. Europe
    • 5.2.3.3. Asia Pacific
    • 5.2.3.4. Middle East and Africa
    • 5.2.3.5. Latin America

6. North America Earthmoving Equipment Market Analysis, Insights and Forecast, 2021-2034

• 6.1. Key Findings / Summary
  • 6.1.1. By Equipment Type (Value)
    • 6.1.1.1. Excavators
      • 6.1.1.1.1. Mini Excavator
      • 6.1.1.1.2. Crawler Excavator
      • 6.1.1.1.3. Wheeled Excavator
      • 6.1.1.1.4. Others (Dragline, Long Reach, etc.)
    • 6.1.1.2. Loaders
      • 6.1.1.2.1. Skid Steer
      • 6.1.1.2.2. Backhoe
      • 6.1.1.2.3. Wheeled Excavator
      • 6.1.1.2.4. Crawler/ Track
      • 6.1.1.2.5. Mini Loaders
    • 6.1.1.3. Dump Trucks
      • 6.1.1.3.1. Articulated Trucks
      • 6.1.1.3.2. Rigid Trucks
    • 6.1.1.4. Others (Dumpers, Motor Graders, etc.)
  • 6.1.2. By Industry (Value)
    • 6.1.2.1. Mining
    • 6.1.2.2. Construction
    • 6.1.2.3. Agriculture & forestry
    • 6.1.2.4. Others (Oil & Gas, etc.)
  • 6.1.3. By Country (Value)
    • 6.1.3.1. United States
    • 6.1.3.2. Canada

7. Europe Earthmoving Equipment Market Analysis, Insights and Forecast, 2021-2034

• 7.1. Key Findings / Summary
  • 7.1.1. By Equipment Type (Value)
    • 7.1.1.1. Excavators
      • 7.1.1.1.1. Mini Excavator
      • 7.1.1.1.2. Crawler Excavator
      • 7.1.1.1.3. Wheeled Excavator
      • 7.1.1.1.4. Others (Dragline, Long Reach, etc.)
    • 7.1.1.2. Loaders
      • 7.1.1.2.1. Skid Steer
      • 7.1.1.2.2. Backhoe
      • 7.1.1.2.3. Wheeled Excavator
      • 7.1.1.2.4. Crawler/ Track
      • 7.1.1.2.5. Mini Loaders
    • 7.1.1.3. Dump Trucks
      • 7.1.1.3.1. Articulated Trucks
      • 7.1.1.3.2. Rigid Trucks
    • 7.1.1.4. Others (Dumpers, Motor Graders, etc.)
  • 7.1.2. By Industry (Value)
    • 7.1.2.1. Mining
    • 7.1.2.2. Construction
    • 7.1.2.3. Agriculture & forestry
    • 7.1.2.4. Others (Oil & Gas, etc.)
  • 7.1.3. By Country (Value)
    • 7.1.3.1. Germany
    • 7.1.3.2. France
    • 7.1.3.3. UK
    • 7.1.3.4. Rest of Europe

8. Asia Pacific Earthmoving Equipment Market Analysis, Insights and Forecast, 2021-2034

• 8.1. Key Findings / Summary
  • 8.1.1. By Equipment Type (Value)
    • 8.1.1.1. Excavators
      • 8.1.1.1.1. Mini Excavator
      • 8.1.1.1.2. Crawler Excavator
      • 8.1.1.1.3. Wheeled Excavator
      • 8.1.1.1.4. Others (Dragline, Long Reach, etc.)
    • 8.1.1.2. Loaders
      • 8.1.1.2.1. Skid Steer
      • 8.1.1.2.2. Backhoe
      • 8.1.1.2.3. Wheeled Excavator
      • 8.1.1.2.4. Crawler/ Track
      • 8.1.1.2.5. Mini Loaders
    • 8.1.1.3. Dump Trucks
      • 8.1.1.3.1. Articulated Trucks
      • 8.1.1.3.2. Rigid Trucks
    • 8.1.1.4. Others (Dumpers, Motor Graders, etc.)
  • 8.1.2. By Industry (Value)
    • 8.1.2.1. Mining
    • 8.1.2.2. Construction
    • 8.1.2.3. Agriculture & forestry
    • 8.1.2.4. Others (Oil & Gas, etc.)
  • 8.1.3. By Country (Value)
    • 8.1.3.1. China
    • 8.1.3.2. Japan
    • 8.1.3.3. India
    • 8.1.3.4. South East Asia
    • 8.1.3.5. Rest of APAC

9. Middle East and Africa Earthmoving Equipment Market Analysis, Insights and Forecast, 2021-2034

• 9.1. Key Findings / Summary
  • 9.1.1. By Equipment Type (Value)
    • 9.1.1.1. Excavators
      • 9.1.1.1.1. Mini Excavator
      • 9.1.1.1.2. Crawler Excavator
      • 9.1.1.1.3. Wheeled Excavator
      • 9.1.1.1.4. Others (Dragline, Long Reach, etc.)
    • 9.1.1.2. Loaders
      • 9.1.1.2.1. Skid Steer
      • 9.1.1.2.2. Backhoe
      • 9.1.1.2.3. Wheeled Excavator
      • 9.1.1.2.4. Crawler/ Track
      • 9.1.1.2.5. Mini Loaders
    • 9.1.1.3. Dump Trucks
      • 9.1.1.3.1. Articulated Trucks
      • 9.1.1.3.2. Rigid Trucks
    • 9.1.1.4. Others (Dumpers, Motor Graders, etc.)
  • 9.1.2. By Industry (Value)
    • 9.1.2.1. Mining
    • 9.1.2.2. Construction
    • 9.1.2.3. Agriculture & forestry
    • 9.1.2.4. Others (Oil & Gas, etc.)
  • 9.1.3. By Country (Value)
    • 9.1.3.1. GCC
    • 9.1.3.2. South Africa
    • 9.1.3.3. Rest of MEA

10. Latin America Earthmoving Equipment Market Analysis, Insights and Forecast, 2021-2034

• 10.1. Key Findings / Summary
  • 10.1.1. By Equipment Type (Value)
    • 10.1.1.1. Excavators
      • 10.1.1.1.1. Mini Excavator
      • 10.1.1.1.2. Crawler Excavator
      • 10.1.1.1.3. Wheeled Excavator
      • 10.1.1.1.4. Others (Dragline, Long Reach, etc.)
    • 10.1.1.2. Loaders
      • 10.1.1.2.1. Skid Steer
      • 10.1.1.2.2. Backhoe
      • 10.1.1.2.3. Wheeled Excavator
      • 10.1.1.2.4. Crawler/ Track
      • 10.1.1.2.5. Mini Loaders
    • 10.1.1.3. Dump Trucks
      • 10.1.1.3.1. Articulated Trucks
      • 10.1.1.3.2. Rigid Trucks
    • 10.1.1.4. Others (Dumpers, Motor Graders, etc.)
  • 10.1.2. By Industry (Value)
    • 10.1.2.1. Mining
    • 10.1.2.2. Construction
    • 10.1.2.3. Agriculture & forestry
    • 10.1.2.4. Others (Oil & Gas, etc.)
  • 10.1.3. By Country (Value)
    • 10.1.3.1. Brazil
    • 10.1.3.2. Mexico
    • 10.1.3.3. Rest of LATAM

11. Competition Matrix

• 11.1. Business Strategies Adopted by Leading Players

12. Global Earthmoving Equipment Market Revenue Share Analysis, By Key Manufacturer, 2018

13. Company Profile

• 13.1. AB Volvo
  • 13.1.1. Overview
  • 13.1.2. Product Portfolio
  • 13.1.3. Financials
  • 13.1.4. Recent Developments
• 13.2. Caterpillar Inc.
  • 13.2.1. Overview
  • 13.2.2. Product Portfolio
  • 13.2.3. Financials
  • 13.2.4. Recent Developments
• 13.3. Komatsu Ltd
  • 13.3.1. Overview
  • 13.3.2. Product Portfolio
  • 13.3.3. Financials
  • 13.3.4. Recent Developments
• 13.4. Doosan Infracore Co. Ltd
  • 13.4.1. Overview
  • 13.4.2. Product Portfolio
  • 13.4.3. Financials
  • 13.4.4. Recent Developments
• 13.5. Hitachi Construction Machinery Co. Ltd
  • 13.5.1. Overview
  • 13.5.2. Product Portfolio
  • 13.5.3. Financials
  • 13.5.4. Recent Developments
• 13.6. J.C. Bamford Excavators Limited
  • 13.6.1. Overview
  • 13.6.2. Product Portfolio
  • 13.6.3. Financials
  • 13.6.4. Recent Developments
• 13.7. Liebherr Group
  • 13.7.1. Overview
  • 13.7.2. Product Portfolio
  • 13.7.3. Financials
  • 13.7.4. Recent Developments
• 13.8. CNH Industrial N.V
  • 13.8.1. Overview
  • 13.8.2. Product Portfolio
  • 13.8.3. Financials
  • 13.8.4. Recent Developments
• 13.9. Hyundai Heavy Industries Co. Ltd
  • 13.9.1. Overview
  • 13.9.2. Product Portfolio
  • 13.9.3. Financials
  • 13.9.4. Recent Developments
• 13.10. Terex Corporation
  • 13.10.1. Overview
  • 13.10.2. Product Portfolio
  • 13.10.3. Financials
  • 13.10.4. Recent Developments
• 13.11. SANY America
  • 13.11.1. Overview
  • 13.11.2. Product Portfolio
  • 13.11.3. Financials
  • 13.11.4. Recent Developments