Construction Equipment Industry Outlook 2025 to 2033 – Global Insights
The global Construction Equipment Market is valued at $147.3 billion in 2024 and is expected to reach $253.8 billion by 2033, growing at a robust CAGR of 6.1%. This growth is fueled by the rising demand for smart construction technologies, automation in machinery, and the global infrastructure expansion. Major regions including North America, Europe, and Asia-Pacific are witnessing significant investments in urbanization and large-scale construction projects, ranging from highways to smart cities.