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Construction Trucks Market Share

Report ID: GMI9476
Published Date: May 2024
Report Format: PDF

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Construction Trucks Market Share

Caterpillar and Komatsu hold significant revenue share over 29% in construction trucks industry through their established reputation, extensive product offerings, and global presence. Caterpillar, a market leader known for its durable and high-performance equipment, offers a comprehensive range of construction trucks, including articulated trucks, rigid dump trucks, and off-highway trucks, catering to various construction applications.

Similarly, Komatsu, renowned for its innovative technology and reliable machinery, provides a wide array of construction trucks, such as rigid dump trucks and haul trucks, designed for efficiency and productivity. Both companies leverage their vast dealer networks, aftermarket support, and customer service to meet the diverse needs of construction projects worldwide. Additionally, their focus on research and development, coupled with strategic partnerships and acquisitions, reinforces their market dominance and positions them as preferred choices for contractors, developers, and fleet operators in the construction trucks segment.

Construction Trucks Market Companies

Major players operating in the construction trucks industry are:

Caterpillar Inc.
Komatsu Ltd.
Hitachi Construction Machinery Co., Ltd.
Liebherr Group
Volvo Group
Terex Corporation
XCMG Group
SANY Group
Doosan Corporation
Hyundai Construction Equipment

Authors: Preeti Wadhwani, Aishvarya Ambekar

Frequently Asked Questions (FAQ) :

The market size of construction trucks was reached USD 49.9 billion in 2023 and will grow at over 4% CAGR between 2024 and 2032, due to the ongoing infrastructure development across the globe.

The diesel propulsion segment in the construction trucks market held over 83% share in 2023 and will witness strong growth by 2032, owing to its high-power output, making it ideal for heavy-duty construction applications.

Asia Pacific construction trucks market held a share of over 45% in 2023 and will expand rapidly through 2032, owing to rapid urbanization and infrastructure projects.

Caterpillar Inc., Komatsu Ltd, Hitachi Construction Machinery Co., Ltd., Liebherr Group, Volvo Group, Terex Corporation, XCMG Group, SANY Group, Doosan Corporation, and Hyundai Construction Equipment among others.