Construction Equipment Finance Market Analysis

Financing Type (Loans, Leases, Mortgage)

The loan segment is projected to account for around 55.3% construction equipment finance market share by 2037. The heavy participation of large lenders such as banks and capital investors is the key driver in this segment. The supportive tendency and growing interest in regional or international infrastructural development projects have encouraged these financial forums to invest. For instance, in February 2024, Japan International Cooperation Agency signed an ODA loan agreement of USD 1.5 billion with the Government of India in Delhi for developmental projects in India. Further, IoT integration has created unified platforms for these financial options, increasing accessibility.

Industry Vertical (Construction, Mining, Government & Public, Rental)

Based on industry vertical, the construction segment is projected to hold a significant share of the construction equipment finance market by the end of 2037. Demand in this segment is inflated by the rapid growth in the global construction industry. The increasing number of construction projects creates a need for specialized and heavy equipment. This further encourages many economic firms to finance these requirements. For instance, in June 2022, SBI Africa partnered with Komatsu Europe to offer a real asset finance scheme in the Africa region. According to the agreement, both parties aim to put their efforts into leveraging the marketplace for exporting and selling new Komatsu construction equipment in this region.

Our in-depth analysis of the global market includes the following segments