Global Construction Trucks Market to Hit $66 Billion by 2029, Growing at 5.6% CAGR

By Amit Jangra | Published Date : September 03, 2025

The global construction trucks market is projected to reach $66 billion by 2029, driven by urban growth, infrastructure demand and adoption of electric trucks.

The construction truck industry is seeing some big changes. It’s growing fast — and by 2029, experts say the global market could hit $66 billion. That’s a big jump from today, with the market growing at about 5.6% each year.

So what’s driving this boom? A mix of new tech, more building projects and a shift toward greener machines — like electric trucks — is helping push things forward.

What Are Construction Trucks, Really?

Table of Contents

1. What Are Construction Trucks, Really?

2. Quick Look: Where We Are Now

3. The Bigger Picture: 2025 to 2029

4. Spotlight on Electric Trucks

5. A Look at New Technology

6. Final Words

Also Read: New Electric Truck Subsidy Scheme Launched in India

You’ve probably seen them on the road — dump trucks, cement mixers, crane trucks and so on. These are the workhorses of every building site. Without them, it’d take way longer (and a lot more people) to get big construction jobs done.

Now, these trucks are getting smarter. Some have GPS, live tracking and even features that help them drive on their own. Others are switching from diesel to battery power. This shift is making them cleaner and quieter — a win for both the planet and construction companies.

Quick Look: Where We Are Now

Right now, the construction trucks market is worth around $50.2 billion (2024). And it's not slowing down. By 2025, it’s expected to reach $53.17 billion, growing at a 5.9% CAGR.

Why the rise? A few reasons:

• Cities are growing, especially in places like Asia and Africa.
• Governments are spending more on roads, bridges and public works.
• New homes, malls and office buildings are popping up all over.
• And there’s more focus on faster, safer and smarter building.

The Bigger Picture: 2025 to 2029

From 2025 to 2029, the market will keep rising — ending at $66 billion. The annual growth rate will be around 5.6%. That’s solid and steady.

• Some trends helping this growth include:
• Better roads and transport in remote towns
• More demand for eco-friendly and electric trucks
• Smart construction that uses real-time data
• Stronger, longer-lasting truck materials
• Higher spending in rural and disaster-prone areas

Spotlight on Electric Trucks

It’s no surprise that electric construction trucks are becoming more popular. Companies want to reduce fuel costs and meet new emission laws. Plus, these trucks are quieter and cheaper to maintain.

You might be surprised, but some big truck manufacturers are already rolling out electric dump trucks and hybrid versions. What felt like a future idea just a few years ago is starting to show up on real job sites.

A Look at New Technology

Construction trucks aren’t what they used to be. Today’s models might include:

• Self-driving tools for safety
• GPS tracking for real-time monitoring
• Hybrid engines to save fuel
• Stronger materials for better durability

All of this helps companies finish projects faster and spend less money in the long run.

Final Words

The construction trucks market is on a steady climb. From $50.2B in 2024 to $66B in 2029, the numbers say it all. Whether it’s a diesel dumper or a brand-new electric truck, these machines are powering the world’s growth.

Read More: 8000 Electric Buses to Hit Delhi Roads by 2026

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Frequently Asked Questions on Trucks

1. What is the projected size of the global construction trucks market by 2029?

Ans: By 2029, the global construction trucks market is expected to reach $66 billion, growing at a compound annual growth rate (CAGR) of 5.6% from 2024.

2. What factors are driving the growth of the construction truck market?

Ans: Key drivers include urbanization, increased infrastructure spending, rise in residential and commercial construction and the growing use of electric and hybrid construction trucks.

3. Are electric construction trucks becoming popular?

Ans: Yes, electric and hybrid construction trucks are gaining popularity due to lower emissions, reduced fuel costs and compliance with global environmental regulations.

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