The Business Research Company’s report on the Construction Equipment Aftermarket Market provides insights into the global market size, growth rate, regional distribution, competitive landscape, key segments, emerging trends, and strategic opportunities.
How have key drivers contributed to the rapid growth of the construction equipment aftermarket market?
The growing construction activities are expected to propel the growth of the construction equipment aftermarket going forward. Construction activities refer to the various tasks and operations involved in constructing, renovating, or building structures, such as buildings, infrastructure, and facilities. The growing construction activities provide demand for construction equipment aftermarket products like machinery parts and equipment maintenance and repairs for excavators and bulldozers. For instance, in November 2023, according to the Office for National Statistics, a UK-based Statistics Authority, In 2022, the value of new construction work in Great Britain reached a record high of $179.53 billion, marking a 15.8% increase from the previous year. This growth was fueled by an increase of $18.32 billion in private sector projects and $5.085 billion in public sector initiatives. Additionally, new construction orders rose by 11.4% to $109.13 billion, primarily driven by gains in private infrastructure, private commercial projects, and various public non-housing sectors. Therefore, the growing construction activities are driving the growth of the construction equipment aftermarket.
Access Your Free Sample of the Global Construction Equipment Aftermarket Market Report – Get Insights Now!
Construction Equipment Aftermarket Market Report 2025, Size & Outlook Sample
How has the construction equipment aftermarket market size evolved, and what are the latest forecasts for its expansion?
The construction equipment aftermarket market size has grown strongly in recent years. It will grow from $26.87 billion in 2024 to $28.75 billion in 2025 at a compound annual growth rate (CAGR) of 7.0%. The growth in the historic period can be attributed to equipment aging and maintenance needs, construction industry growth, stringent emission standards, cost savings through aftermarket parts, customization, and performance enhancement
The construction equipment aftermarket market size is expected to see strong growth in the next few years. It will grow to $37.85 billion in 2029 at a compound annual growth rate (CAGR) of 7.1%. The growth in the forecast period can be attributed to the rising equipment rental market, focus on sustainability and fuel efficiency, adoption of predictive maintenance, increasing equipment complexity, regulatory compliance, and safety. Major trends in the forecast period include 3d printing for aftermarket parts, remote monitoring and diagnostics, e-commerce platforms for aftermarket sales, circular economy practices, augmented reality (AR) for maintenance training.
Gain Exclusive Market Insights—Customize Your Research Report Today For Fast Delivery!
Construction Equipment Aftermarket Market Report 2025, Size & Outlook Customise
Which major companies dominate the construction equipment aftermarket market?
Major companies operating in the construction equipment aftermarket market include Caterpillar Inc., Komatsu Ltd., CNH Industrial N.V., Atlas Copco Group, Liebherr Group, XCMG Group, John Deere Construction & Forestry, Volvo Construction Equipment Corp., Yanmar Co. Ltd., Hitachi Construction Machinery Co Ltd., JLG Industries Inc., Zoomlion Heavy Industry Science and Technology Co Ltd., Sany Heavy Industry Co Ltd., SANY Group Co. Ltd., Terex Corporation, Guangxi Liugong Machinery Co. Ltd., Xuzhou Construction Machinery Group Co Ltd, Manitou Group, Palfinger AG, The Manitowoc Company Inc., Takeuchi Mfg. Co. Ltd., Tadano Ltd., Ammann Group, Bell Equipment Ltd., Hidromek Inc., Kobelco Construction Machinery Co Ltd., Doosan Infracore Co. Ltd., XGMA Machinery Co. Ltd., BOMAG GmbH, Hyundai Construction Equipment Co. Ltd., LiuGong Machinery Corp.
What trends will shape the future of the construction design software market?
Major companies operating in the construction equipment afterMarket are focusing on developing innovative solutions such as up-tower crane technology. Up-tower crane technology generally refers to advanced and specialized crane systems designed for use in the construction and maintenance of wind turbines. For instance, in August 2023, LiftWerx, a Canada-based company offering lifting equipment announced the launch of ‘GenHook’ crane system technology. Up-tower crane technology was utilized to install a gearbox in a wind turbine. It is entirely electric and boasts a carbon footprint that is 75% smaller than conventional cranes, primarily attributed to the decreased necessity for trucks in its mobilization.
Which region dominates the construction equipment aftermarket market, and what factors contribute to its leadership?
Asia-Pacific was the largest region in the construction equipment aftermarket in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the construction equipment aftermarket report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Order Your Report Now For Swift Delivery
Construction Equipment Aftermarket Market Report 2025, Size & Outlook
How is the construction equipment aftermarket market segmented, and which segment holds the largest share?
The construction equipment after market market covered in this report is segmented –
1) By Equipment Type: Earthmoving And Road Building Equipment, Material Handling And Cranes, Concrete Equipment
2) By Application: Infrastructure, Residential, Commercial
3) By Sales Channel: Online, Offline
Subsegments:
1) By Earthmoving And Road Building Equipment: Excavators, Bulldozers, Backhoe Loaders, Graders, Skid Steer Loaders
2) By Material Handling And Cranes: Forklifts, Telehandlers, Tower Cranes, Mobile Cranes, Reach Stackers
3) By Concrete Equipment: Concrete Mixers, Concrete Pumps, Concrete Batching Plants, Concrete Finishing Equipment
Purchase The Exclusive Report Now To Unlock Valuable Market Insights:
Construction Equipment Aftermarket Market Report 2025, Size & Outlook
How is the construction equipment aftermarket market defined?
Construction equipment aftermarket refers to the parts, accessories, and services of construction equipment sold after the initial sale. They help equipment owners and operators maximize the value of their investments and the productivity of their construction operations.
About The Business Research Company:
With over 15000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Armed with 1,500,000 datasets, the optimistic contribution of in-depth secondary research, and unique insights from industry leaders, you can get the information you need to stay ahead.
Our flagship product, the Global Market Model, is a premier market intelligence platform delivering comprehensive and updated forecasts to support informed decision-making.
Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: info@tbrc.info
Follow Us On:
LinkedIn: The Business Research Company | LinkedIn
