Introduction
The used construction equipment market is gaining strong momentum as contractors and infrastructure developers increasingly seek economical alternatives to new machinery. Used equipment—including excavators, loaders, cranes, bulldozers, and road construction machines—offers dependable performance at a significantly lower upfront cost. According to insights from Stratview Research, the used construction equipment market was estimated at USD 98.3 billion in 2022 and is likely to grow at a CAGR of 5.3% during 2023–2028 to reach USD 134.4 billion by 2028. This steady growth is driven by rising infrastructure investments, budget-conscious project planning, and increasing acceptance of pre-owned machinery.
Applications
Used construction equipment is widely applied across residential, commercial, and industrial construction projects. It plays a key role in road and highway development, urban infrastructure, mining operations, and material handling activities. Small and mid-sized contractors, rental companies, and firms operating in emerging markets extensively rely on used equipment to execute projects efficiently while managing capital expenditure.
Key Drivers
- High cost of new construction equipment, encouraging contractors to adopt used machinery
- Rapid urbanization and infrastructure development, especially in emerging economies
- Growing acceptance of certified and refurbished used equipment, improving buyer confidence
- Expansion of rental and leasing models, supporting demand for pre-owned equipment
- Longer equipment lifecycles and improved durability, increasing resale value
Stratview Research highlights that these factors collectively strengthen the market’s long-term outlook.
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Future Opportunities
Future opportunities lie in the digital transformation of used equipment sales through online platforms and auctions. Improved refurbishment standards, certification programs, and integration of telematics for condition monitoring are expected to enhance transparency and pricing efficiency. Increasing infrastructure spending and smart city initiatives in developing regions will further create growth avenues.
Conclusion
The used construction equipment market is set for sustained expansion, driven by cost efficiency, infrastructure growth, and evolving resale ecosystems. As contractors continue to prioritize asset optimization and financial flexibility, used construction equipment will remain a vital contributor to global construction and infrastructure development.
