Key Construction Equipment Market Players:
- Company Overview
- Business Strategy
- Key Product Offerings
- Financial Performance
- Key Performance Indicators
- Risk Analysis
- Recent Development
- Regional Presence
- SWOT Analysis
The market is highly competitive, with global leaders competing on the grounds of electrification, automation, and digitalization to take the lead. A significant development occurred in April 2025, when Caterpillar partnered with Luminar, which incorporated dual Iris LiDAR sensors into Cat Command autonomous hauling trucks. The step boosts safety, productivity, and efficiency in quarry and aggregate production. The sector also sees increased investment in battery technology, as in Caterpillar's December 2024 investment in Lithos Energy for high-performance battery packs. With increasing regulatory pressures and customer demands, competition will rise, fueling additional innovation in sustainability, automation, and digital building solutions.
Here are some leading companies in the construction equipment market:
|
Company Name |
Country of Origin |
Market Share (%) |
|
Caterpillar Inc. |
USA |
16.0 |
|
Komatsu Ltd. |
Japan |
10.5 |
|
Deere & Company (John Deere) |
USA |
5.5 |
|
Volvo Construction Equipment |
Sweden |
4 |
|
Hitachi Construction Machinery |
Japan |
3.5 |
|
Liebherr Group |
Germany |
xx |
|
Doosan Infracore |
South Korea |
xx |
|
JCB |
United Kingdom |
xx |
|
Kubota Corporation |
Japan |
xx |
|
CNH Industrial N.V. |
Netherlands/USA |
xx |
|
Wirtgen Group |
Germany |
xx |
|
Mahindra Construction Equipment |
India |
xx |
Below are the areas covered for each company in the construction equipment market:
