Sales of construction equipment - worldwide by region 2022 & 2027

Global sales of construction equipment reached approximately 1.2 million units in 2022. The global construction equipment market is projected to contract slightly between 2022 and 2027 with construction equipment sales predicted to hover around 1.1 million unit mark.

Construction equipment sales worldwide

Until 2021, China was the largest construction equipment market worldwide. In 2022, however, North America overtook China with some 320,000 unit sales compared to 235,000 units sold in China that year. While it is projected that sales in North America will decrease in the following years and amount to some 285,000 unit sales in 2027, North America should remain the leading market. China will see its domestic construction equipment market growing but unit sales are expected to only reach 270,000 in 2027.

Largest construction equipment manufacturer

Caterpillar is the largest construction machinery manufacturer globally. In 2022, the company generated over 37 billion U.S. dollars in revenue from construction equipment sales, followed by Japan’s Komatsu at about 22 billion U.S. dollars.