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

The Report Covers the Australian Construction Machinery Market Share and 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) for all the Above Segments.

Australia Construction Machinery Market Size

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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

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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 Market Trends

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. The growing demand for housing in urban areas, increased infrastructure development activities, and increased modernization and renovation of buildings to increase their energy efficiency are all factors contributing to the growth of the construction equipment market in Australia.

The country is investing heavily in infrastructure development to combat major issues such as traffic congestion, population growth, high manufacturing costs, and aging transportation infrastructure. Developed economies are investing in technologies such as earthquake-proof buildings, hyperloop, and so on to improve their current infrastructure. These factors are boosting the market’s growth.

For instance, according to the Australian Government, there are currently 5,500 construction projects listed in Infrastructure Australia’s Market Capacity Intelligence System, representing a combined value of USD 647 billion from 2021-2022 to 2025-26. The five-year pipeline of major public infrastructure projects in Australia is valued at USD 237 billion, an increase of USD 15 billion over 2021, and USD 410 billion for other infrastructure projects are allocated to privately funded projects, such as residential and non-residential building activity, over the next five years.

Owing to this-mentioned government spending across the region, the demand for construction equipment is likely to grow during the forecast period.

Australia Construction Machinery Market: Change in five-year spending on major public infrastructure in Australia in 2022, in Australian Dollar Billion

Dump Trucks Expected to Witness Significant Growth during the Forecast Period.

During the forecast period, the dump truck equipment segment is expected to hold a significant market share in the Australian construction equipment 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. Several truck manufacturers have begun to launch new products in response to rising demand in order to increase their market share. For instance,

In October 2023, Epiroc, a Sweden-based construction and mining equipment manufacturer, won a large order for underground mining trucks in Australia from global mining contractor Byrnecut. The equipment order is valued at about USD 11.77 million and was booked in the third quarter of 2023.

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 Australia. However, due to the increased demand for mining and dump trucks, many companies now provide rental and leasing services. Owing to these factors above, the Australian construction equipment market is expected to increase over the forecast period.

Australia Construction Machinery Market: Gross value added (GVA) by the construction industry in Australia from 2013 to 2022 (in million Australian dollars)

Australia Construction Machinery Industry Overview

The Australian construction equipment market is moderately consolidated, dominated by major companies, such as Komatsu Ltd, Caterpillar Inc., John Deere & Co., XCMG Group, and Hitachi Construction Machinery Co. Ltd. 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 2023, Shandong Lingong Construction Machinery Co. Ltd, a China-based construction equipment manufacturer, announced a new H-Series wheel loader range to the Australian market.

In June 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.

In September 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.

Australia Construction Machinery Market Leaders

  1. Hitachi Construction Machinery Co Ltd

  2. XCMG Group

  3. Komatsu Ltd

  4. Caterpillar Inc.

  5. John Deere & Co.

*Disclaimer: Major Players sorted in no particular order

Australia Construction Machinery Market Concentration
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Australia Construction Machinery Market News

  • October 2023: Isuzu Australia Limited (IAL) has recently disclosed that the initial release of its advanced truck range in Australia will consist of the new medium-duty F Series models equipped with four-cylinder engines. The unveiling of the F-Series and its forthcoming model launch was announced at the 2023 Japan Mobility Show, where IAL actively participated. This event served as a platform for both commemorating the impending introduction of innovative models in the Australian market and gaining valuable insights into the latest technological advancements and industry updates.
  • July 2023: Komatsu Ltd. announced the launch of the PC200LCE-11 and 210LCE-11 models of its 20-ton class electric excavators as rental machines in the Japanese and European markets in October 2023 and The company also plans to progressively introduce these electric models in Asia and North America, and Australia. It is equipped with lithium-ion batteries and has a 20-ton capacity.

Australia Construction Machinery Market Report - Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Assumptions

    2. 1.2 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Market Drivers

      1. 4.1.1 Rising Infrastructure Development and Construction Activities to Drive the Market

    2. 4.2 Market Restraints

      1. 4.2.1 Regulations and Internal Trade Policies May Hinder the Market Growth

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

      1. 4.3.1 Bargaining Power of Suppliers

      2. 4.3.2 Bargaining Power of Buyers/Consumers

      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)

    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

  6. 6. COMPETITIVE LANDSCAPE

    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

    3. *List Not Exhaustive
  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

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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 Research 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.

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

In 2023, the Australia Construction Machinery Market size was estimated at USD 2.70 billion. The report covers the Australia Construction Machinery Market historical market size for years: 2020, 2021, 2022 and 2023. The report also forecasts the Australia Construction Machinery Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.

Future trends in the Australia Construction Machinery Market are a) Increased adoption of electric and hybrid machinery b) Advancements in automation and telematics c) Focus on sustainability and eco-friendly practices

Australia Construction Machinery Industry Report

The construction equipment market in Australia is experiencing robust growth, fueled by substantial government and private investments in infrastructure and renewable energy projects. This market, detailed in Mordor Intelligence™ Industry Reports, includes segments such as earthmoving, road construction, and material handling equipment, serving sectors like construction, mining, and manufacturing. Key trends include the adoption of hybrid and electric models to lower carbon emissions and the integration of smart technologies to boost performance. The push for advanced technologies is enhancing efficiency and productivity in various projects, further driving demand. With ongoing investments in transport infrastructure, the need for road construction equipment continues to surge. The Australia Construction Equipment market analysis offers insights into market share, size, revenue growth rate, and a forecast outlook. For a comprehensive understanding, access a free report PDF download at Mordor Intelligence™. This overview ensures that stakeholders are well-informed about the expanding opportunities within the construction equipment sector in Australia.

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