Sales of construction equipment - North America 2018-2027

North American sales of construction equipment reached about 320,00 units in 2022. North America is one of the largest target markets for construction equipment worldwide.

North America overtaking China

The regional structure of the global construction equipment market experienced some major changes in the last years. Sluggish growth in the Chinese construction market coupled with continued idle production in the mining sector and the challenges posed by the COVID-19 pandemic put China’s industrial equipment sales growth to a halt. In 2022, China lost its leading position in the global construction equipment market and was overtaken by North America. It is expected that North America will remain the largest market at least until 2027.

Caterpillar as the leading U.S. manufacturer

The largest construction equipment manufacturer was Caterpillar of the United States. After a slump in sales in the aftermath of the global financial crisis in 2009, Caterpillar successfully fought its way back to the top of the construction equipment market. In 2022, Caterpillar was ranked first with construction equipment sales of some 37.6 billion U.S. dollars. In the same fiscal year, Caterpillar reported a total global revenue of around 59.4 billion U.S. dollars.