Construction Machinery Manufacturers

The 574 Construction machinery manufactures in the US produce a wide range of products, but common types include backhoes, excavators, loaders, concrete mixers, dredging equipment, jack hammers, cranes, augers and drills, pile drivers, and paving machines, as well as attachments and replacement parts. Key customers include construction machinery dealers and rental firms, construction companies, farms, government, waste and recycling firms, and landscapers.

Competition from Used Equipment

Construction equipment manufacturers compete for sales against used equipment.

Dependence on Economy and Construction Activity

Construction machinery sales tend to shrink during economic downturns when building slows and during periods of high interest rates that make financing high-ticket items less favorable.

Sep 8, 2026 - Mega Projects Alter the Equipment Rental Landscape

• Mega projects are reshaping equipment rental demand as large data center, infrastructure, and other complex projects require a wide range of machines at different construction phases, according to Construction Equipment. The American Rental Association forecasts US construction and industrial equipment and general tool rental revenue will rise 3.4% to $83.5 billion in 2026, with faster growth expected in 2027 and 2028. Specialty categories such as portable power, trench safety, scaffolding, and HVAC equipment are growing faster than traditional rental fleets. United Rentals, Sunbelt, and Herc could spend about $9.5 billion combined on rental equipment. For construction machinery manufacturers, heavy fleet investment and growing rental demand could support equipment orders, particularly for machines used on large, multiyear projects, while increasing demand for telematics and connected fleet technology.
• The total value of nonresidential construction put in place rose 0.1% in July 2026 compared to the prior month, according to the US Census Bureau. Spending for most types of nonresidential structures was uneven in July. Office projects, which include data centers, saw the strongest growth with a 2.9% rise in July over June, followed by communication (+0.4%) and public safety (+0.1%). Educational and healthcare project spending declined by 0.4% and 0.5%, respectively, while amusement and recreation spending dropped by 0.3%. Commercial and lodging spending were flat, while manufacturing projects declined by 1%. The Associated General Contractors of America (AGC) said just three segments are propping up the construction sector: data centers, power projects, and highways. However, the AGC suggests these three areas are under pressure from labor shortages, political headwinds, and a lapse in highway funding.
• Construction Dive reports that construction robots are gaining traction as contractors seek ways to address labor shortages, improve productivity, and automate repetitive or equipment-intensive tasks. Investment is accelerating, with Bedrock Robotics, Gravis Robotics, and FieldAI raising nearly $1 billion combined, while contractor use of robotics rose 45% year over year in 2026, according to BuiltWorlds. Smaller robots are already handling tasks such as layout, drilling, painting, and drywall work, while newer systems are beginning to automate heavy equipment. For construction machinery manufacturers, growing adoption could increase demand for autonomous or robotics-ready equipment, sensors, controls, and software integration. However, broader deployment will depend on contractors' ability to manage jobsite data effectively and demonstrate that robotic systems can deliver reliable productivity gains.
• Backhoe loaders have lost market share as compact track loaders and mini excavators have gained favor, with many contractors able to buy both machines for about the price of one backhoe, according to Equipment World. Still, backhoes remain popular for roadwork, site development, drainage, municipal work, and other jobs where one machine can dig, load, lift, travel between sites at more than 20 mph, and reduce the need for extra equipment and operators. Across brands, common features include easier attachment changes, extendable arms, stronger hydraulics, improved cabs, better visibility, telematics, rear cameras, automatic transmissions, and fuel-saving systems. Attachments such as hammers, brooms, snowplows, compactors, forks, and buckets also help backhoes stay useful as contractors manage tight labor conditions and seek versatile machines.

Industry size & Structure

A typical construction machinery manufacturer operates out of a single location, employs 132 workers, and generates about $79 million annually.

• The construction machinery manufacturing industry consists of about 574 companies that employ 75,700 workers and generate $45.5 billion annually.
• Customer industries include construction machinery dealers and rental firms, construction firms, farms, landscaping companies, government, waste and recycling operations, and home improvement stores.
• The industry is highly concentrated with the eight largest companies representing 66% of industry revenue.
• Large companies include Caterpillar, Case, John Deere Construction, Doosan, Hitachi, Hyundai, Kubota, and Volvo Construction. Firms also produce equipment used in agriculture, forestry, mining, and drilling.