Base Year
Historical Year
Forecast Year
The Australia construction machinery market size reached USD 2.87 billion in 2023. The market is expected to grow at a CAGR of 3.8% between 2024 and 2032, reaching almost USD 4.04 billion by 2032.
The construction machinery market in Australia is expected to witness significant growth, driven by the nation's rapid urbanisation and infrastructure development initiatives. The government's focus on upgrading existing infrastructure, coupled with substantial investments, is fuelling demand for earthmoving and material handling machinery such as excavators, loaders, cranes, and dump trucks.
In 2022, the Australian government committed USD 16.7 billion to clean energy projects as part of its pledge to achieve net-zero emissions by 2050. This initiative, known as the Powering Australia plan, aims to boost renewable energy and reduce emissions. Additionally, grants totalling USD 34 million were allocated to critical mineral resource projects, further stimulating construction activity and aiding the Australia construction machinery market development.
Key players in the construction equipment market are anticipated to make significant investments across Australia, capitalising on the favourable environment. Machinery utilisation is expected to surge across various states and private construction projects, driving market growth in the forecast period.
Australia's infrastructure spending, both by the government and private entities, has witnessed a substantial increase in recent years. Factors such as growing demand for housing in urban areas, infrastructure development projects, and the modernisation of buildings for enhanced energy efficiency contribute to this growth trajectory.
The country's heavy investment in infrastructure aims to address pressing issues like traffic congestion, population growth, and ageing transportation systems. Developed economies are also embracing advanced technologies, such as earthquake-proof buildings and hyperloops, to enhance infrastructure capabilities.
According to Infrastructure Australia, there are currently 5,500 construction projects valued at USD 647 billion from 2021-2022 to 2025-26. Additionally, the pipeline for major public infrastructure projects in Australia stands at USD 237 billion over the next five years, with an additional USD 410 billion allocated to privately funded projects.
Australia Construction Machinery Market Report and Forecast 2024-2032 offers a detailed analysis of the market based on the following segments:
Market Breakup by Machinery Type
Market Breakup by Product Type
Market Breakup by Drive Type
Market Breakup by Application
Market Breakup by End-Use
Market Breakup by Region
Major companies consistently allocate resources towards research and development in order to enhance their range of products, with an emphasis on advanced and environmentally sustainable machinery.
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
|
| Breakup by Machinery Type |
|
| Breakup by Product Type |
|
| Breakup by Drive Type |
|
| Breakup by Application |
|
| Breakup by End Use |
|
| Breakup by Region |
|
| Market Dynamics |
|
| Competitive Landscape |
|
| Companies Covered |
|
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
Get in touch with us for a customized solution tailored to your unique requirements and save upto 35%!
The market is estimated to be valued at USD 2.87 billion in 2023.
The market is projected to grow at a CAGR of 3.8% between 2024 and 2032.
The construction machinery market is expected to reach USD 4.04 billion in 2032.
The market is categorised according to its product type, which includes building and road construction equipment, earthmoving, autonomous construction equipment, and material handling.
The key market players are CFC Holdings Pty Ltd., Sumitomo Construction Machinery Co., Ltd., Caterpillar Inc., Komatsu Australia Pty Ltd., Liebherr-International Deutschland GmbH, Volvo AB, Wacker Neuson SE, SANY Australia, Hitachi Construction Machinery Australia Pty Ltd., and Others.
The market is driven by factors that include increasing government initiatives, private investments, and technological advancements, among others.
The market is categorised according to its end-use, which includes construction and infrastructure, mining, oil and gas, manufacturing and others.
In 2022, the construction market in Australia had a robust size of approximately USD 167.2 billion.
The lion's share of Australia's housing construction revenue, exceeding 80%, is derived from three key states: Victoria (34%), New South Wales (28%), and Queensland (19%). These eastern states represent the focal points of the country's population concentration.
Purchase Full Report
Datasheet
Single User License
One User
Five User License
Five Users
Corporate License
Unlimited Users
How To Order
Our step-by-step guide will help you select, purchase, and access your reports swiftly, ensuring you get the information that drives your decisions, right when you need it.
Select License Type
Choose the right license for your needs and access rights.
Click on ‘Buy Now’
Add the report to your cart with one click and proceed to register.
Select Mode of Payment
Choose a payment option for a secure checkout. You will be redirected accordingly.
Gain insights to stay ahead and seize opportunities.
Get insights & trends for a competitive edge.
Track prices with detailed trend reports.
Analyse trade data for supply chain insights.
Leverage cost reports for smart savings
Enhance supply chain with partnerships.
Connect For More Information
Our expert team of analysts will offer full support and resolve any queries regarding the report, before and after the purchase.
Our expert team of analysts will offer full support and resolve any queries regarding the report, before and after the purchase.
We employ meticulous research methods, blending advanced analytics and expert insights to deliver accurate, actionable industry intelligence, staying ahead of competitors.
Our skilled analysts offer unparalleled competitive advantage with detailed insights on current and emerging markets, ensuring your strategic edge.
We offer an in-depth yet simplified presentation of industry insights and analysis to meet your specific requirements effectively.
Australia
63 Fiona Drive, Tamworth, NSW
+61-448-061-727
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City,1226.
+63-287-899-028, +63-967-048-3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84-865-399-124
United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Australia
63 Fiona Drive, Tamworth, NSW
+61-448-061-727
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.
+63-287-899-028, +63-967-048-3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84-865-399-124
Share