The market for power cranes, excavation loaders, dozers, construction tractors, off-highway trucks and trailers, mixers, pavers, and backhoes in the US is forecasted to gradually decline in sales from $16.897 billion in 2024 to $16.195 billion by 2028. Compared to 2023, which had slightly higher sales, the construction equipment market is showing a slight decreasing trend, with a year-on-year reduction in value: 2025 by approximately -1.07%, 2026 by -1.06%, 2027 by -1.05%, and 2028 by -1.03%. Over the five-year forecast period, the compound annual growth rate (CAGR) indicates an annual decrease of 1.06%.
Future trends to watch for include technological advancements in machinery automation, the shift toward eco-friendly and sustainable equipment, and the potential impact of government infrastructure projects that may influence demand. Monitoring the economic factors and construction industry policies will be crucial for predicting further market developments.
