Asia-Pacific Heavy Construction Equipment Market

As per Market Research Future Analysis, the Asia-Pacific Heavy Construction Equipment market was valued at USD 80064.80 Billion in 2024 and is projected to grow to USD 195855.97 Billion by 2035, with a CAGR of 8.47% from 2025 to 2035. The market has been significantly influenced by urbanization and industrial growth, leading to increased demand for construction equipment. The COVID-19 pandemic negatively impacted demand due to lockdowns and project delays, but recovery is anticipated as infrastructure needs rise, particularly in healthcare and logistics. The market is characterized by a shift towards rental machinery and the adoption of advanced earthmoving equipment, enhancing efficiency and safety in construction operations.

Caterpillar, Inc.; Tadano Ltd.; Doosan Group; Terex Corporation; Hitachi Construction Machinery; Sany Group; J.C. Bamford Excavators Limited; Liebherr; Komatsu Ltd.; John Deere; Kobelco Construction Machinery.

In October 2018, Hitachi Construction Machinery launched its ICT-operated semi-autonomous ZX210X-6 excavator that can complete the task nearly 50% quicker than other standard excavators.

In 2019, Volvo Construction Equipment announced that it would start producing compact electric excavators and wheel loaders in an official statement. EC 15 to EC 27 electric excavators and L20 to L28 electric wheel loaders will be produced from mid-2020.