As per analysis by Expert Market Research the heavy construction equipment market reached a valuation of approximately USD 203.62 billion in 2024. This size reflects a broad range of machinery used for large-scale construction and infrastructure projects across the globe, including earth movers, cranes, and excavators. The market is witnessing significant expansion due to rapid urbanization, increasing industrial activity, and government initiatives focused on infrastructure development. In particular, developing regions like Asia-Pacific and Latin America are contributing to the growth, driven by extensive urbanization and industrialization efforts. The market is anticipated to grow at a CAGR of 6.20% from 2025 to 2034, reaching USD 371.59 billion by 2034.