Construction Equipment Engines Market Size & Share, By Type (Diesel Engines, Gasoline Engines), Application (Excavator, Loaders, Compactors, Dump Truck, Bulldozers), Regional Forecast, Industry Players, Growth Statistics Report 2024-2032

Market Outlook:

Construction Equipment Engines Market surpassed USD 25.76 Billion in 2023 and is expected to exceed USD 40.31 Billion by end of the year 2032, observing around 5.1% CAGR between 2024 and 2032.

• Base Year Value (2023): USD 25.76 Billion
• CAGR (2024-2032): 5.1%
• Forecast Year Value (2032): USD 40.31 Billion
• Historical Data Period: 2019-2023
• Largest Region: Asia Pacific
• Forecast Period: 2024-2032

Market Dynamics:

Growth Drivers & Opportunity:

A significant factor fueling growth in the Construction Equipment Engines Market is the increasing demand for construction activities worldwide, fueled by rapid urbanization and infrastructure development projects. This is boosting the sales of construction equipment engines as they are essential components in construction machinery.

Additionally, a major contributor to the growth of the market is the rising adoption of advanced engine technologies such as fuel-efficient engines, emission-compliant engines, and hybrid engines. These technologies help in reducing fuel consumption and emissions, thereby driving the demand for construction equipment engines.

The growing trend towards equipment rental and leasing is also expected to drive the growth of the Construction Equipment Engines Market. This trend allows construction companies to have access to latest and advanced equipment without the need for large capital investments, leading to increased demand for construction equipment engines.

Report Scope

Report Coverage	Details
Segments Covered	Type, Application
Regions Covered	• North America (United States, Canada, Mexico) • Europe (Germany, United Kingdom, France, Italy, Spain, Rest of Europe) • Asia Pacific (China, Japan, South Korea, Singapore, India, Australia, Rest of APAC) • Latin America (Argentina, Brazil, Rest of South America) • Middle East & Africa (GCC, South Africa, Rest of MEA)
Company Profiled	Bobcat Engines, Caterpillar, Cummins, DEUTZ, FTP Industrial, Honda, Isuzu, John Deere Kohler Power, Komatsu, Kubota, MAN, MTU Engines, Perkins Engines, Power Solutions International (PSI), Toyota Industries, Volvo Penta, Weichai, Yanmar, Yucha

Industry Restraints:

One key constraint in the Construction Equipment Engines Market is the high initial cost associated with advanced engine technologies. The adoption of fuel-efficient engines, emission-compliant engines, and hybrid engines often comes with a higher price tag, which can limit the affordability for small and medium-sized construction companies.

Another major restraint for the market is the impact of the COVID-19 pandemic, which has disrupted construction activities worldwide. The slowdown in construction projects and supply chain disruptions have affected the demand for construction equipment engines, leading to a temporary setback in market growth.

Regional Forecast:

In North America, the construction equipment engines market is experiencing steady growth due to increasing infrastructure projects and construction activities in the region. The United States and Canada are leading countries driving the market growth with a high demand for construction equipment engines in various sectors such as residential, commercial, and industrial construction.

In Asia Pacific, countries like China, Japan, and South Korea are witnessing significant growth in the construction equipment engines market. The rapid urbanization, industrialization, and government initiatives for infrastructure development are driving the market growth in these countries. China is the largest market for construction equipment engines in the region due to its massive construction projects and infrastructure developments.

In Europe, the United Kingdom, Germany, and France are key countries driving the construction equipment engines market. The market in Europe is primarily driven by the increasing demand for sustainable and energy-efficient engines in construction equipment. The stringent regulations on emissions and focus on reducing carbon footprint are further boosting the market growth in the region.

Segmentation Analysis:

In terms of segmentation, the global Construction Equipment Engines market is analyzed on the basis of Type, Application.

Construction Equipment Engines Market:

Diesel Engines:

The diesel engines segment in the construction equipment engines market is expected to witness significant growth due to the high power output, fuel efficiency, and durability offered by these engines. Diesel engines are commonly used in heavy construction equipment such as excavators, loaders, and bulldozers. The increasing demand for diesel engines in the construction industry is driven by the need for high torque and low-speed power delivery.

Gasoline Engines:

The gasoline engines segment in the construction equipment engines market is also anticipated to grow, fueled by the rising demand for compact construction equipment such as compact loaders and compact excavators. Gasoline engines are preferred for their lower upfront costs and quieter operation compared to diesel engines. However, gasoline engines are generally not as powerful or fuel-efficient as diesel engines, which limits their use in larger and heavier construction equipment.

Excavator:

The excavator segment is one of the key applications of construction equipment engines, both diesel and gasoline. Excavators are commonly used in earthmoving and digging operations, making them essential for various construction projects. The demand for excavators is driven by infrastructure development and urban construction projects worldwide, pushing the growth of the construction equipment engines market.

Loaders:

Loaders, another important application of construction equipment engines, are used for moving materials such as soil, gravel, and debris on construction sites. Diesel engines are typically preferred in loaders for their high torque and efficiency in handling heavy loads. Gasoline engines are also used in smaller loaders for their compact size and lower emissions. The increasing construction activities globally are expected to boost the demand for loaders and, subsequently, construction equipment engines.

Compactors:

Compactors play a crucial role in construction projects by compacting soil, gravel, or asphalt to create a solid foundation. The demand for compactors is driven by road construction, residential development, and infrastructure projects. Both diesel and gasoline engines are used in compactors, depending on the size and application requirements. The compactors segment is projected to witness steady growth in the construction equipment engines market.

Dump Truck:

Dump trucks are essential for transporting materials such as sand, gravel, and construction debris on construction sites. Diesel engines are commonly used in dump trucks for their power and efficiency in hauling heavy loads over long distances. Gasoline engines are also used in smaller dump trucks for lighter-duty applications. The growing construction activities and increasing demand for efficient material transportation are expected to drive the dump truck segment in the construction equipment engines market.

Bulldozers:

Bulldozers are robust construction equipment used for pushing and moving heavy materials, debris, or earth on construction sites. Diesel engines are the preferred choice for bulldozers due to their high power output, torque, and durability. Gasoline engines are rarely used in bulldozers due to their limited power capacity for heavy-duty applications. The growing infrastructure development projects and the need for land clearing and site preparation are likely to propel the bulldozers segment in the construction equipment engines market.

Competitive Landscape:

The competitive landscape of the Construction Equipment Engines Market is characterized by a mix of established global players and emerging companies. Market leaders focus on innovation, technological advancements, and sustainability initiatives to meet the evolving demands of the construction industry. Companies are increasingly investing in research and development to enhance engine efficiency, reduce emissions, and improve performance. Strategic partnerships and mergers are also prevalent as firms aim to expand their market presence and product offerings. Additionally, the rise of electric and hybrid engines is reshaping the competitive dynamics, prompting traditional manufacturers to adapt their strategies to incorporate greener technologies and cater to changing regulatory standards.

Top Market Players

- Caterpillar Inc.

- Komatsu Ltd.

- Volvo Construction Equipment

- Hitachi Construction Machinery Co., Ltd.

- JCB

- Doosan Infracore

- Kubota Corporation

- Liebherr Group

- Perkins Engines Company Limited

- Yanmar Holdings Co., Ltd.