Dublin — The global construction equipment aftermarket continues to strengthen, with new opportunities emerging in digital services, sustainable parts, and predictive maintenance. According to the latest Construction Equipment Aftermarket – Global Strategic Business Report released by ResearchAndMarkets.com, the market was valued at US$26.3 billion in 2024 and is forecast to reach US$31.3 billion by 2030, growing at a steady CAGR of 2.9%.
The aftermarket has become an essential part of the construction industry, providing critical replacement parts, repair services, and maintenance solutions that extend the lifecycle of heavy machinery. With new equipment prices climbing, many construction firms are relying more heavily on aftermarket solutions to keep fleets running efficiently without major capital expenditures.
The report highlights several factors propelling aftermarket expansion. Cost-efficient maintenance remains a top priority for contractors, while advancements in AI-driven predictive maintenance are helping companies reduce downtime and avoid costly failures. At the same time, the increasing adoption of digital spare parts procurement platforms is reshaping how businesses source components, making the process faster and more transparent.
The demand for rental equipment is another major driver. As infrastructure development accelerates worldwide, contractors are opting for rentals to control costs and improve flexibility—boosting aftermarket demand for servicing and parts. Additionally, regulatory requirements on emissions compliance are pushing companies to upgrade and maintain their machinery through specialized servicing and remanufactured solutions.
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Digital platforms are revolutionizing aftermarket services. Online marketplaces allow construction companies to source spare parts quickly and efficiently, minimizing operational delays. Meanwhile, AI-powered predictive maintenance enables contractors to anticipate mechanical issues before they become critical, ensuring repairs are scheduled proactively. Cloud-based asset management systems further enhance fleet tracking and help companies streamline preventive maintenance.
Sustainability is emerging as a major priority in the aftermarket. Manufacturers are increasingly focusing on remanufactured components—such as refurbished engines, hydraulic systems, and undercarriage parts—that reduce waste and extend the usability of equipment. The adoption of eco-friendly lubricants and biodegradable hydraulic fluids is also gaining traction, as businesses balance performance with environmental responsibility.
As the report notes, the U.S. and China are key regions driving aftermarket growth, thanks to rapid infrastructure development, stringent regulatory requirements, and a growing shift toward digital procurement and service models.
Overall, the construction equipment aftermarket is no longer just a support function—it has evolved into a strategic industry segment critical for cost savings, sustainability, and operational efficiency.
Originally reported by Research and Markets in Yahoo Finance.
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