Australia Construction Machinery Market - Growth, Trends, COVID-19 Impact, and Forecast (2023 - 2028)

The Australian Construction Machinery Market is Segmented by Application Type (Material Handling, Earth Moving, and Transportation) and Machinery Type (Hydraulic Excavators, Wheel Loaders, Crawler Trucks, Dump Trucks, and Motor Graders). The report offers market size and forecasts for the Australian Construction Machinery Market in value (in USD million) for all the above segments.

Australia Construction Machinery Industry Overview

Australia Construction Machinery Market Summary
Study Period: 2018-2027
CAGR: 3.35 %

Major Players

Australia Construction Machinery Market Major Players

*Disclaimer: Major Players sorted in no particular order


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Australia Construction Machinery Market Analysis

Currently, the Australian construction machinery market is valued at USD 2,528.39 million, and it is expected to reach USD 3,081.11 million while registering a CAGR of 3.35% over the next five years.

The COVID-19 pandemic had a negative impact on the market because the government imposed lockdowns and restrictions, which paused economic and transportation activities in the country, affecting construction activities. However, as soon as the government allowed relaxations in lockdown norms, activity picked up, and demand returned to the market.

Long-term demand is expected to be driven by government spending on construction and infrastructure activities in the country, with a focus on boosting the country's economy.

For instance, the Australian Government allocated AUD 586.4 million (USD 396.7 million) in additional funding for a major upgrade of the Bruce Highway to widen a 13-kilometer stretch through Brisbane's outer northern suburbs in the October 2022-23 Budget.

Growing demand for cutting-edge technology and digitization in construction machinery is expected to propel the market even further. However, a rising preference for construction equipment rental, owing to high initial investment and maintenance costs, is expected to remain a major market restraint during the forecast period. Furthermore, the incorporation of autonomous equipment into the fleet and on-site deployment of durable machinery across multiple projects are expected to provide lucrative opportunities for market participants. For instance,

  • May, 2021: Kobelco Construction Machinery Australia (KCMA) launched the first in a line of extra heavy-duty excavators in its XD Series, the SK500XDLC-10. The SK500XD is built for great durability and engineered to operate in harsh conditions for a variety of applications in Australia.

New South Wales, Victoria, and Queensland are three notable states in Australia that are experiencing positive market trends in the construction sector. Key players are expected to invest across these regions in such an upbeat environment. The use of machinery is also expected to increase across a variety of state and private construction projects. All of these factors are expected to drive market growth during the forecast period.

Australia Construction Machinery Industry Segments

Construction machinery means machines or devices drawn as trailers that are designed and used for construction, tree trimming, and allied construction activities.

The Australian Construction Machinery Market is Segmented by Application Type (Material Handling, Earth Moving, and Transportation) and Machinery Type (Hydraulic Excavators, Wheel Loaders, Crawler Trucks, Dump Trucks, and Motor Graders). The report offers market size and forecasts for the Australian Construction Machinery Market in value (in USD million) for all the above segments.

By Application Type
Material Handling
Earth Moving
By Machinery Type
Hydraulic Excavators
Wheel Loaders
Crawler Trucks
Dump Trucks
Motor Graders

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Australia Construction Machinery Market Trends

This section covers the major market trends shaping the Australia Construction Machinery Market according to our research experts:

Rising Infrastructure Development and Construction Activities to Drive the Market

Infrastructure spending by the Australian government and private players in the country has increased significantly in recent years, driving demand for construction machinery and equipment. According to the Australian Bureau of Statistics, residential building construction activity in Australia has gradually increased.

Though the construction sector experienced a moderate slowdown as a result of the pandemic, the development of infrastructure across the country is expected to provide tremendous opportunities for construction machinery manufacturers to increase their revenues, as equipment plays an important role in these activities. Furthermore, the construction sector is seeing significant foreign direct investment (FDI). For instance, in 2021, Australia attracted AUD 17.6 billion (USD 11.9 billion) in foreign direct investment in the construction sector, with the highest FDI being registered in construction in 2019, with more than AUD 21.4 billion (USD 14.5 billion).

Growing government initiatives to further accelerate infrastructure development in-country is, in turn, boosting demand for construction machinery. For instance,

  • February 2022, the Australian government launched a new USD 300 million program to encourage mass timber construction across the property sector, to bring a new approach to achieving a net zero emissions economy.

Moreover, the total number of dwellings under construction reached a new high of 241,926 in June, up 0.7% from the previous high of 240,156 in March. This increase was driven by private sector new house construction, which has reached new highs since March 2021, with 102,908 new private houses under construction in June 2022.

Australia Construction Machinery Market: Foreign Direct Investments in Australian Construction Sector - Value in AUD billion, 2019-2021

Dump Trucks Expected to Witness Significant Growth during the Forecast Period

During the forecast period, dump trucks are expected to hold a significant market share in the Australian construction machinery market. The automation of dump trucks is a continuing trend in the Australian market, as concerns about safety and operating efficiency, particularly in the mining industry, take center stage.

On almost every construction site, dump trucks are required. They have limited functions but are essential for moving and dumping various types of materials used on construction sites. Dump trucks are available in a variety of sizes to meet a variety of capacity and load requirements. Manufacturers have begun to launch new products in response to rising demand in order to increase their market share. For instance,

  • In April 2022, Rio Tinto and Scania launched new trials of 40-tonne autonomous quarry dump trucks and quickly achieved driverless operation results in a simulated load and transport cycle environment.

Increasingly stringent emission standards have also increased the demand for electric dump trucks in the country. However, due to the increased demand for dump trucks, many companies now provide rental services. Because rental services eliminate the upfront investment and maintenance costs, the growth of rental firms is expected to have a negative impact on the growth of this segment.

Australia Construction Machinery Market: Industry revenue of Construction Machinery Manufacturing in Australia from 2016 to 2021

Australia Construction Machinery Market Competitor Analysis

The Australian construction machinery market is moderately consolidated, dominated by major companies, such as Komatsu, Caterpillar Inc., John Deere & Co., XCMG, and Hitachi. The major players in the market are focusing on improving their product portfolios to widen their customer base. Some other key players aim to expand their presence in the market through acquisitions, mergers, and collaborations with other companies. For instance,

  • In September 2021, Caterpillar Inc. announced the development of its new Cat M320 wheeled excavator aimed at optimizing performance and efficiency at the Jobsite with up to 9% more swing torque than the Cat M320F to improve efficiency.
  • In March 2021, Hitachi Construction Machinery Co. Ltd announced that the company invested in Australian startup Baraja Pty Ltd. Through its investment in Baraja, Hitachi Construction Machinery will use Baraja's Spectrum-Scan LiDAR technology to accelerate the pace of development for improvements to the autonomous haulage system (AHS) for dump trucks and autonomous operation of ultra-large hydraulic excavators.
  • In January 2021, Sumitomo Corporation and JGC Holdings Corporation, which operate the overseas engineering, procurement, and construction (EPC) business of the JGC Group, signed a Front EndEngineering and Design (FEED) contract for the hydrogen-related project planned by Sumitomo Corporation in Gladstone, Australia.

Australia Construction Machinery Market Top Players

  1. Caterpillar

  2. Komatsu Ltd

  3. John Deere & Co.

  4. XCMG Construction Machinery Co Ltd

  5. Hitachi Construction Machinery Co Ltd

*Disclaimer: Major Players sorted in no particular order

Australia Construction Machinery Market Concentration

Australia Construction Machinery Market Recent Developments

  • Sept 2022: At this year's Bauma, Doosan unveiled its new 44-articulated dump truck (ADT). The DA45-7 ADT 44 is designed to compete with rigid dump trucks (RDTs) in the 40-tonne class.
  • Jun 2022: ARX Construction and Mining Equipment chose EXCON 2022 to debut motor graders G3200 and G1000, as well as the Blast Hole Drill Rig D3300. Indonesia, Chile, South Africa, and Australia will be among the countries to which the company will export.
  • Sept 2021: CASE Construction Equipment was set to enhance its product offering as CNH Industrial NV announced the execution of an agreement to immediately purchase 90% of the capital stock of Sampierana SpA. It specializes in the manufacturing and commercialization of earthmoving machines, undercarriages, and spare parts. It announced its plans to obtain 100% control of the company over four years following the closing of the transaction.
  • Aug 2021: Hyundai Heavy Industries Holdings (HHIH) completed its acquisition of quarrying and construction equipment manufacturer Doosan Infracore. The acquisition made Doosan Infracore one of the subsidiaries of the newly created Hyundai Genuine (HG) group alongside Hyundai Construction Equipment (HCE) as two independent construction equipment companies under HHIH.
  • Aug 2021: Komatsu announced its first fully electric remote-controlled mini excavator powered by a lithium-ion battery as its next-generation concept machine into the future.

Australia Construction Machinery Market Report - Table of Contents


    1. 1.1 Study Assumptions

    2. 1.2 Scope of the Study




    1. 4.1 Market Drivers

    2. 4.2 Market Restraints

    3. 4.3 Industry Attractiveness - Porter's Five Forces Analysis

      1. 4.3.1 Bargaining Power of Buyers/Consumers

      2. 4.3.2 Bargaining Power of Suppliers

      3. 4.3.3 Threat of New Entrants

      4. 4.3.4 Threat of Substitute Products

      5. 4.3.5 Intensity of Competitive Rivalry

  5. 5. MARKET SEGMENTATION (Market Size in USD Million)

    1. 5.1 By Application Type

      1. 5.1.1 Material Handling

      2. 5.1.2 Earth Moving

      3. 5.1.3 Transportation

    2. 5.2 By Machinery Type

      1. 5.2.1 Hydraulic Excavators

      2. 5.2.2 Wheel Loaders

      3. 5.2.3 Crawler Trucks

      4. 5.2.4 Dump Trucks

      5. 5.2.5 Motor Graders


    1. 6.1 Vendor Market Share

    2. 6.2 Company Profiles

      1. 6.2.1 Yanmar Construction Equipment Co. Ltd

      2. 6.2.2 Caterpillar Inc.

      3. 6.2.3 CNH Australia

      4. 6.2.4 Doosan Infracore Ltd

      5. 6.2.5 Hitachi Construction Machinery Co. Ltd

      6. 6.2.6 JCB Construction Equipment Australia

      7. 6.2.7 John Deere & Co.

      8. 6.2.8 Kobelco Construction Machinery Co. Ltd

      9. 6.2.9 Komatsu Ltd

      10. 6.2.10 Liebherr International

      11. 6.2.11 Manitou BF SA

      12. 6.2.12 Volvo Construction Equipment

      13. 6.2.13 Wacker Neuson

      14. 6.2.14 Sumitomo Corporation

      15. 6.2.15 XCMG Group

      16. 6.2.16 Sany Group

      17. 6.2.17 Shandong Lin gong Construction Machinery


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Australia Construction Machinery Market Research FAQs

The Australia Construction Machinery Market market is studied from 2018 - 2027.

The Australia Construction Machinery Market is growing at a CAGR of 3.35% over the next 5 years.

The Australia Construction Machinery Market is valued at 2528 Million USD in 2018.

The Australia Construction Machinery Market is valued at 3081 Million USD in 2027.

Caterpillar, Komatsu Ltd, John Deere & Co., XCMG Construction Machinery Co Ltd , Hitachi Construction Machinery Co Ltd are the major companies operating in Australia Construction Machinery Market.

Australia Construction Machinery Industry Report

Statistics for the 2023 Australia Construction Machinery market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Australia Construction Machinery analysis includes a market forecast outlook to 2028 and historical overview. Get a sample of this industry analysis as a free report PDF download.

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