U.S. construction equipment market to grow at 3.96% CAGR through 2031

ResearchAndMarkets.com··Read original
2▲5 ▼0Impact / 5
Summary · why it matters

The U.S. construction equipment market is projected to grow at a compound annual growth rate of 3.96% from 2025 to 2031, reaching an estimated 476,905 units by 2031. Earthmoving equipment accounted for about 54% of the market in 2025, with compact earthmoving equipment leading the segment. The road construction segment is expected to expand at a 3.46% CAGR, supported by government infrastructure spending including the Bipartisan Infrastructure Law's nearly $973 billion investment. Key vendors include Caterpillar, Komatsu, Deere & Company, Volvo CE, Liebherr, and Hitachi Construction Machinery, while trends such as electrification and automation are shaping the industry.

Impact on assets 5

Climate Adaptation & Water▲
Deere & Company
DE
▲ PositiveDemandrelevance

Market growth driven by infrastructure spending and construction activity increases demand for Deere's equipment.

Kubota Corporation
6326
▲ PositiveDemandrelevance

Market growth driven by infrastructure spending and construction activity increases demand for Kubota's equipment.

Robotics & Physical AI▲
Komatsu Ltd.
6301
▲ PositiveDemandrelevance

Market growth driven by infrastructure spending and construction activity increases demand for Komatsu's equipment.

Energy Transition & Power Demand▲
Caterpillar Inc
CAT
▲ PositiveDemandrelevance

Market growth driven by infrastructure spending and construction activity increases demand for Caterpillar's equipment.

Off-coverage companies 1

Liebherr-International AGi
Private± Mixedrelevance