Demolition Equipment Market Size, Share, and Industry Analysis, By Equipment Type (Excavators, Bulldozers, Crushers, Shears, Hammers, Wrecking Balls, and Others), By Application (Construction and Demolition, Infrastructure, and Recycling), By Equipment Weight (20-50 Tons, 51-100 Tons, and More than 100 Tons), By End User (Construction & Demolition Companies, Government & Municipalities, and Industrial Facilities), and Regional Forecast till 2032

The global demolition equipment market is witnessing significant growth, owing to factors such as growing urbanization, investment in infrastructure buildings, and rising renovation activities across the globe, which in turn creates the demand for excavators, hammers, and shears, bolster the growth of the demolition equipment market.

• For instance, according to the World Bank Group, urbanization in India is projected to grow by 11% in 2036 as compared to 2011.

Demolition Equipment Market Driver

Rapid Urbanization and Technological Advancements in Demolition Equipment to Trigger Market Growth

Rapid urbanization across the globe and sustainable technological advancements in demolition equipment, which, in turn, creates the demand for hammers and crushers for sustainable construction development, drive the market growth. Moreover, major key players bring technological advancements such as remote-controlled equipment, hydraulic attachment, environment-friendly equipment, and high-performance tools, which drive the growth of the market.

• For instance, in July 2024, Komatsu Ltd introduced a new PC490HRD-11 demolition excavator for the construction sector. This machine can reach a height of 104 feet. It has a cabin that rotates at a 45-degree angle and is able to perform demolition tasks efficiently. It is assembled with a hammer for demolition activity.

Demolition Equipment Market Restraint

Fluctuation in Raw Material Prices to Impede the Market Growth 

Metal, alloy, aluminum, and steel are some of the materials used for manufacturing demolition equipment. The cost required for this material is quite flexible in nature and changes day by day. Moreover, manufacturers and stakeholders need to navigate these challenges through strategic planning, cost management, and adapting to market conditions to mitigate the impact of raw material price volatility.

Demolition Equipment Market Opportunity

Government Investment in New Construction and Renovation Activities Supports Market Growth

Government investments in infrastructure development and urban renewal projects drive demand for demolition equipment. Moreover, aging infrastructure such as bridges, roads, and utilities need to be upgraded and replaced, which surge in demand for demolition excavators and hammers to drive the growth of the demolition equipment market.

• For instance, according to the European Commission Report, around 35 million building units must be renovated in Europe by the year 2030. Such instances create lucrative opportunities for the growth of the market.

Segmentation

Key Insights

The report covers the following key insights:

• Micro Macro Economic Indicators


• Drivers, Restraints, Trends, and Opportunities


• Business Strategies Adopted by the Key Players


• Consolidated SWOT Analysis of Key Players

Analysis by Equipment Type

By equipment type, the market is divided into excavators, bulldozers, crushers, shears, hammers, wrecking balls, and others.

Excavators are projected to grow significantly during the forecast period, owing to their wide use in demolition projects for handling, processing, and breaking materials. Additionally, it can work with various attachments such as crushers, hammers, and shears.

• For instance, in March 2023, Sany Group launched a new two-demolition crawler excavator to the market. The company introduced SY215C-XD and SY390H_XD tracked excavators, which are used for demolition and waste management applications. It has an advanced hydraulic system and heavy-duty attachments.

Analysis by Application

By application, the market is divided into construction and demolition, infrastructure, and recycling.

The construction & demolition sector dominates the market owing to rising investment in large-scale infrastructure projects, and growing demand for renovation projects across the globe drives the need for demolition equipment, which fuels the market growth.

• For instance, in July 2024, according to the State Council of China, the Chinese government planned to invest around USD 364.58 billion to renovate 66,000 projects in the urban sector.

Analysis by Equipment Weight

Based on equipment weight, the market is categorized into 20-50 Tons, 51-100 Tons, and more than 100 Tons.

20-50 Tons of demolition equipment is projected to dominate the market, owing to this type of equipment has features such as versatility, application in small as well as mid-scale construction projects, energy efficiency, and lower maintenance cost as compared to larger machines, which boost the adoption of these equipment to drive the market growth. In addition, major key players engaged in offering equipment with 20 to 50 tons of capacity contribute positively to market growth.

• For instance, in August 2024, Caterpillar Inc. launched a new series of rotary cutters RC20 for demolition projects. RC20 rotary cutter can work with 20 to 34 tons of excavators. It is basically used to demolish concrete structures, even if it is used in underwater structures. It has been found to be applicable in residential, commercial, and industrial spaces.

Analysis by End User

By end user, the market is classified into construction & demolition companies, government & municipalities, and industrial facilities.

Construction & demolition companies are anticipated to dominate the market owing to increasing urbanization and rising investment in renovation activities across residential buildings, roads, and bridges, which fuels the demand for demolition equipment and drives the market growth.

• For instance, according to Inside Construction, in 2023, the Clean Energy Finance Corporation invested around USD 75 million to open a new construction and demolition recycling facility. Such an investment in the construction of new construction and the development of recycling facilities fuels market growth.  

Regional Analysis

To gain extensive insights into the market, Request for Customization

In terms of geography, the global market is segmented into North America, Europe, Asia Pacific, South America, and the Middle East & Africa.

Asia Pacific registered the highest market share due to factors such as rapid urbanization across China and Japan, among others, and government investment for infrastructure projects across the Asia Pacific region. Moreover, rising investment in new construction and renovation infrastructure, which enhances the demand for demolition equipment, bolsters the growth of the market.

• For instance, according to the KPMG source, the Asia Pacific requires around USD 26,000 billion in investment for construction development for the years 2016 to 2030.

North America is projected to come second in the global market, owing to infrastructure development, technological advancement, and stringent government regulations to ensure safety among equipment, which fuels the growth of the market.

Key Players Covered

The global demolition equipment market is highly consolidated, with the top 10 players holding significant shares in the market.

The report includes the profiles of the following key players:

• Caterpillar Inc (U.S.)


• Hitachi Ltd (Japan)


• Kobelco (Japan)


• Komatsu Ltd (Japan)


• Volvo Construction Equipment (Sweden)


• Liebherr International AG (Switzerland)


• Doosan Corporation (South Korea)


• Hyundai Construction Equipment Co. Ltd (South Korea)


• Sandvik AB (Sweden)


• JCB (U.S.)

Key Industry Developments

• In June 2024, Volvo Construction Equipment, a subsidiary of AB Volvo, launched a new EC300E straight boom demolition excavator for the construction sector. It is able to work with a height of 33 feet. It has a breaking capacity of 30 tons.  


• In May 2022, Kobelco introduced a new SK550DLC-11 demolition excavator. It can operate at a weight of 64 tons. It has a working height of 82 feet. It is able to work under a heavy atmosphere, and attachments can be changed in 30 minutes.