11:38 ETConstruction Equipment Market Shows Strategic Gains Amid Labor Inflation, Electrification, and Infrastructure Deadlines | Strategic Market Research

prnewswire
2026.05.08 15:40
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The Construction Equipment Market is projected to grow from USD 188 billion in 2023 to USD 316 billion by 2030, driven by labor inflation and the Infrastructure Investment and Jobs Act expiration in 2026. Automated machinery can recover USD 112,000 annually in labor costs, while electrified fleets offer an 8.7-9.2% EBITDA uplift. The adoption of electric and hybrid equipment is increasing, capturing 28% of the market. Contractors are investing in machinery to meet infrastructure deadlines and reduce operational costs amid rising energy prices and skilled labor shortages.