Australia Construction Machinery Market Size (2024 - 2029)

The Australia construction equipment market is poised for growth, driven by rapid urbanization and a governmental emphasis on infrastructure upgrades. This focus is expected to boost construction activities, leading to a heightened demand for various machinery such as excavators, loaders, and cranes. The government's increased spending on infrastructure and clean energy projects further supports this expansion, as it fosters construction activities across the country. Consequently, the market size is anticipated to grow as key players invest in response to the positive market environment, increasing the use of construction equipment in both public and private projects.

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Market Size of Australia Construction Machinery Industry

Australia Construction Machinery Market Summary
Study Period 2020-2029
Base Year For Estimation 2023
Market Size (2024) USD 2.79 Billion
Market Size (2029) USD 3.29 Billion
CAGR (2024 - 2029) 3.35 %
Market Concentration Medium

Major Players

Australia Construction Machinery Market Major Players

*Disclaimer: Major Players sorted in no particular order

Australia Construction Machinery Market Analysis

The Australia Construction Machinery Market size is estimated at USD 2.79 billion in 2024, and is expected to reach USD 3.29 billion by 2029, growing at a CAGR of 3.35% during the forecast period (2024-2029).

Australia's rapid urbanization and development, coupled with increasing government focus on upgrading the existing infrastructure, is expected to surge construction activities, increasing demand for excavators, loaders, Cranes, dump trucks, etc., for construction work. Thus, increasing infrastructure development activities across the country is anticipated to increase demand for earthmoving and material handling equipment, thereby driving the growth of the construction equipment market. Moreover, increasing government spending on upgrading the present infrastructure is responsible for increasing construction activities in the country.

Australia’s government, in 2022, announced the funding of USD 16.7 billion to clean energy, promoting the net zero commitment by 2050. The Powering Australia plan focuses on developing projects that reduce emissions by boosting renewable energy. In 2022, Australia approved USD 34 million worth of grants for developing six important projects to boost the development of the critical mineral resource industry.

This increasing construction activity is growing the demand for the construction equipment market. Key players in the market are expected to invest across Australia in such an upbeat environment. The use of machinery is also expected to increase across a variety of Australian states and private construction projects. These factors are expected to drive market growth during the forecast period.

Australia Construction Machinery Industry Segmentation

Construction equipment is used for the execution, completion, erection, operation, or maintenance of any construction project or work. Construction equipment is also used in earthmoving works when constructing roads, bridges, and dams. Some construction equipment, like excavators and wheel loaders, is also used in mining. ​​

The scope of the Australian construction equipment market is segmented by application type and machinery type. By application type, the market is segmented into material handling, earth moving, and transportation. and by machinery type, the market is segmented into hydraulic excavators, wheel loaders, crawler trucks, dump trucks, and motor graders.

The report offers the market size in value (USD) and forecasts for all the above segments.

By Application Type
Material Handling
Earth Moving
Transportation
By Machinery Type
Hydraulic Excavators
Wheel Loaders
Crawler Trucks
Dump Trucks
Motor Graders
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Australia Construction Machinery Market Size Summary

The Australian construction equipment market is poised for growth, driven by rapid urbanization and significant government investment in infrastructure development. The government's focus on upgrading existing infrastructure and promoting clean energy projects is expected to boost construction activities, thereby increasing the demand for various construction machinery such as excavators, loaders, cranes, and dump trucks. This surge in construction activities is further supported by the government's financial commitments to renewable energy and critical mineral resource projects, which are anticipated to enhance the market's expansion during the forecast period. The market is characterized by a moderate level of consolidation, with major players like Komatsu Ltd, Caterpillar Inc., and Hitachi Construction Machinery Co. Ltd. leading the charge in expanding their product portfolios and market presence through strategic collaborations and product launches.

The demand for construction equipment in Australia is also fueled by the need to address urban housing shortages, traffic congestion, and aging infrastructure. The market is witnessing a trend towards automation and electrification, particularly in the dump truck segment, driven by safety and efficiency concerns. Companies are increasingly offering rental and leasing services to meet the rising demand, especially in the mining sector. The introduction of advanced machinery and technologies, such as autonomous dump trucks and electric excavators, reflects the industry's commitment to innovation and sustainability. As the market continues to evolve, key players are expected to invest significantly in new projects and technologies, further propelling the growth of the construction equipment market in Australia.

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Australia Construction Machinery Market Size - Table of Contents

  1. 1. MARKET DYNAMICS

    1. 1.1 Market Drivers

      1. 1.1.1 Rising Infrastructure Development and Construction Activities to Drive the Market

    2. 1.2 Market Restraints

      1. 1.2.1 Regulations and Internal Trade Policies May Hinder the Market Growth

    3. 1.3 Industry Attractiveness - Porter's Five Forces Analysis

      1. 1.3.1 Bargaining Power of Suppliers

      2. 1.3.2 Bargaining Power of Buyers/Consumers

      3. 1.3.3 Threat of New Entrants

      4. 1.3.4 Threat of Substitute Products

      5. 1.3.5 Intensity of Competitive Rivalry

  2. 2. MARKET SEGMENTATION (Market Size in USD)

    1. 2.1 By Application Type

      1. 2.1.1 Material Handling

      2. 2.1.2 Earth Moving

      3. 2.1.3 Transportation

    2. 2.2 By Machinery Type

      1. 2.2.1 Hydraulic Excavators

      2. 2.2.2 Wheel Loaders

      3. 2.2.3 Crawler Trucks

      4. 2.2.4 Dump Trucks

      5. 2.2.5 Motor Graders

Australia Construction Machinery Market Size FAQs

The Australia Construction Machinery Market size is expected to reach USD 2.79 billion in 2024 and grow at a CAGR of 3.35% to reach USD 3.29 billion by 2029.

In 2024, the Australia Construction Machinery Market size is expected to reach USD 2.79 billion.

Australia Construction Machinery Market Report Snapshots

Australia Construction Equipment Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)