How big is the Road Construction Machinery Market?

The Road Construction Machinery Market size is expected to reach USD 189.16 billion in 2024 and grow at a CAGR of 4.15% to reach USD 231.81 billion by 2029. Read More

What is the current Road Construction Machinery Market size?

In 2024, the Road Construction Machinery Market size is expected to reach USD 189.16 billion. Read More

Who are the key players in Road Construction Machinery Market?

Caterpillar Inc., Komatsu Ltd., Volvo Construction Equipment, Wirtgen Group and Fayat Group are the major companies operating in the Road Construction Machinery Market. Read More

Which is the fastest growing region in Road Construction Machinery Market?

Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029). Read More

Which region has the biggest share in Road Construction Machinery Market?

In 2024, the Asia Pacific accounts for the largest market share in Road Construction Machinery Market. Read More

What years does this Road Construction Machinery Market cover, and what was the market size in 2023?

In 2023, the Road Construction Machinery Market size was estimated at USD 181.31 billion. The report covers the Road Construction Machinery Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Road Construction Machinery Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029. Read More

Road Construction Machinery Market - Manufacturers, Share & Size

Road Construction Machinery Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

The Report Covers Global Road Construction Machinery Market Companies, and It Has Been Segmented by Machine Type (Motor Graders, Road Roller, Wheel Loaders, Concrete Mixer and Others) and Geography (North America, Europe, Asia-Pacific, and the Rest of the World). The Report Offers the Market Size in Value (USD Billion) and Forecasts for all the Above Segments.

Road Construction Machinery Industry Overview

The road construction machinery market is moderately fragmented. The market is characterized by the presence of several players who have secured long-term supply contracts with major infrastructure companies and government agencies. These players also engage in joint ventures, mergers and acquisitions, new product launches, and product development to expand their brand portfolios and cement their market positions. For instance,

In July 2023, Volvo Construction Equipment, a Sweden-based construction equipment manufacturer, announced a new dealership facility in the Malaysian state of Borneo to better serve customers. The Borneo VCE dealership is a sub-dealer of Volvo Construction Equipment Malaysia, and it will be responsible for sales of articulated haulers, compact excavators, compact wheel loaders, crawler excavators, wheel loaders, and wheeled excavators. It will provide total sales and service support to the company’s product line.
In April 2023, Nasser Bin Khaled Heavy Equipment, a subsidiary of NBK Group, announced the supply of the latest machinery and equipment from the prominent brand “Hixen” by Shandong Hixen Machinery to the Qatari market. Hixen machinery mainly includes crawler excavators, wheel excavators, wheel loaders, backhoe loaders, and skid steer loaders.
In February 2023, CASE Construction Equipment launched the new joystick levers for the 836C and 856C motor graders. The new joystick control delivers improved moldboard control, along with a range of steering upgrades, which are an addition to the grader's already great features.