North America Construction Equipment Finance Market Size, Share & Industry Analysis Report By Financing (Loans/Term Loans, Finance Leases/Capital Leases, Operating Leases/Rental Financing, Vendor/Dealer Financing and Other Financing), By Equipment, By Industry, By Country and Growth Forecast, 2025 - 2032

The North America Construction Equipment Finance Market would witness market growth of 5.5% CAGR during the forecast period (2025-2032).

The US market dominated the North America Construction Equipment Finance Market by Country in 2024, and would continue to be a dominant market till 2032; thereby, achieving a market value of $25,326.2 million by 2032. The Canada market is experiencing a CAGR of 7.8% during (2025 - 2032). Additionally, The Mexico market would exhibit a CAGR of 6.5% during (2025 - 2032). The US and Canada led the North America Construction Equipment Finance Market by Country with a market share of 73.2% and 12.1% in 2024.

The North American market for financing construction equipment has changed from just lending money to offering full-service asset financing that includes managing the equipment's lifecycle. Investments in infrastructure, the building of data centers, and the digitalization of many industries are all driving growth. These things all create demand for heavy machinery without requiring a lot of money up front. OEM captive finance companies like Cat Financial are very important because they offer loans, leases, rentals, and protection plans that come with maintenance and service. The move toward modular, project-specific financing models and asset-management solutions shows that contractors need flexibility, efficiency, and the best possible total cost of ownership. Macroeconomic factors, such as higher interest rates and equipment prices, are also affecting creative financing methods and risk management based on the life cycle of a product.

There is a lot of competition in industry, including OEM captives, banks, and independent leasing companies. OEM-linked financiers have an advantage because they work with manufacturers and dealer networks to offer bundled solutions that include financing, servicing, and resale options. Independent lenders and banks compete on how flexible their prices are and how quickly they can underwrite loans. They often go after smaller contractors. Small and medium-sized businesses should focus on lifecycle value management, digital service integration, and expanding access. In general, competitive differentiation now relies less on interest rates and more on services that add value, protection of residual value, and making sure that equipment use and project needs are in line with each other.

Equipment Outlook

Based on Equipment, the market is segmented into Earthmoving Equipment, Material Handling Equipment, Compaction Equipment, Specialized Equipment and Other Equipment. Among various US Construction Equipment Finance Market by Equipment; The Earthmoving Equipment market achieved a market size of USD $7153.2 Million in 2024 and is expected to grow at a CAGR of 4.1 % during the forecast period. The Specialized Equipment market is predicted to experience a CAGR of 6.2% throughout the forecast period from (2025 - 2032).

Industry Outlook

Based on Industry, the market is segmented into Construction, Mining, Rental, Government and Other Industry. The Construction market segment dominated the Canada Construction Equipment Finance Market by Industry is expected to grow at a CAGR of 6.7 % during the forecast period thereby continuing its dominance until 2032. Also, The Government market is anticipated to grow as a CAGR of 8.4 % during the forecast period during (2025 - 2032).

Free Valuable Insights: The Construction Equipment Finance Market is Predicted to reach USD 144.91 Billion by 2032, at a CAGR of 6.1%

Country Outlook

The U.S. construction equipment finance market underpins one of the world’s largest construction industries, with annual spending of around US$2.2 trillion in 2024. Financing—through loans, leases, and hire-purchase—enables contractors to acquire costly machinery without full upfront payment, with about 85% of construction firms using financing. Growth is driven by large-scale infrastructure spending, rising equipment prices, and digitalisation of financing processes such as online applications and telematics-based risk assessment. Trends include a shift toward leasing and rental models for better cash flow and flexibility. Competition is strong among OEM captive finance arms, independent leasing firms, and banks, with OEMs holding an edge by bundling financing with equipment sales and maintenance services.

List of Key Companies Profiled

• Caterpillar, Inc.
• Deere & Company
• Wells Fargo & Company
• Komatsu Ltd.
• CNH Industrial Capital (India) Private Limited (CNH Industrial N.V.)
• Liebherr-International AG
• First-Citizens Bank & Trust Company (First Citizens BancShares, Inc.)
• SANY Group
• Hitachi Construction Machinery Co., Ltd. (Hitachi, Ltd.)
• Volvo Construction Equipment AB (Volvo Group)

North America Construction Equipment Finance Market Report Segmentation

By Financing

• Loans/Term Loans
• Finance Leases/Capital Leases
• Operating Leases/Rental Financing
• Vendor/Dealer Financing
• Other Financing

By Equipment

• Earthmoving Equipment
• Material Handling Equipment
• Compaction Equipment
• Specialized Equipment
• Other Equipment

By Industry

• Construction
• Mining
• Rental
• Government
• Other Industry

By Country

• US
• Canada
• Mexico
• Rest of North America

Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 North America Construction Equipment Finance Market, by Financing
1.4.2 North America Construction Equipment Finance Market, by Equipment
1.4.3 North America Construction Equipment Finance Market, by Industry
1.4.4 North America Construction Equipment Finance Market, by Country
1.5 Methodology for the research

Chapter 2. Market at a Glance
2.1 Key Highlights

Chapter 3. Market Overview
3.1 Introduction
3.1.1 Overview
3.1.1.1 Market Composition and Scenario 
3.2 Key Factors Impacting the Market
3.2.1 Market Drivers
3.2.2 Market Restraints
3.2.3 Market Opportunities
3.2.4 Market Challenges

Chapter 4. Market Trends – North America Construction Equipment Finance Market
Chapter 5. State of Competition – North America Construction Equipment Finance Market
Chapter 6. Value Chain Analysis of Construction Equipment Finance Market
Chapter 7. Competition Analysis - Global
7.1 Market Share Analysis, 2024
7.2 Recent Strategies Deployed in Construction Equipment Finance Market
7.3 Porter Five Forces Analysis

Chapter 8. Product Life Cycle – Construction Equipment Finance Market
Chapter 9. Market Consolidation – Construction Equipment Finance Market
Chapter 10. Key Customer Criteria – Construction Equipment Finance Market
Chapter 11. North America Construction Equipment Finance Market by Financing
11.1 North America Loans/Term Loans Market by Region
11.2 North America Finance Leases/Capital Leases Market by Region
11.3 North America Operating Leases/Rental Financing Market by Region
11.4 North America Vendor/Dealer Financing Market by Region
11.5 North America Other Financing Market by Region

Chapter 12. North America Construction Equipment Finance Market by Equipment
12.1 North America Earthmoving Equipment Market by Country
12.2 North America Material Handling Equipment Market by Country
12.3 North America Compaction Equipment Market by Country
12.4 North America Specialized Equipment Market by Country
12.5 North America Other Equipment Market by Country

Chapter 13. North America Construction Equipment Finance Market by Industry
13.1 North America Construction Market by Country
13.2 North America Mining Market by Country
13.3 North America Rental Market by Country
13.4 North America Government Market by Country
13.5 North America Other Industry Market by Country

Chapter 14. North America Construction Equipment Finance Market by Country
14.1 US Construction Equipment Finance Market
14.1.1 US Construction Equipment Finance Market by Financing
14.1.2 US Construction Equipment Finance Market by Equipment
14.1.3 US Construction Equipment Finance Market by Industry
14.2 Canada Construction Equipment Finance Market
14.2.1 Canada Construction Equipment Finance Market by Financing
14.2.2 Canada Construction Equipment Finance Market by Equipment
14.2.3 Canada Construction Equipment Finance Market by Industry
14.3 Mexico Construction Equipment Finance Market
14.3.1 Mexico Construction Equipment Finance Market by Financing
14.3.2 Mexico Construction Equipment Finance Market by Equipment
14.3.3 Mexico Construction Equipment Finance Market by Industry
14.4 Rest of North America Construction Equipment Finance Market
14.4.1 Rest of North America Construction Equipment Finance Market by Financing
14.4.2 Rest of North America Construction Equipment Finance Market by Equipment
14.4.3 Rest of North America Construction Equipment Finance Market by Industry

Chapter 15. Company Profiles
15.1 Caterpillar, Inc.
15.1.1 Company Overview
15.1.2 Financial Analysis
15.1.3 Segmental and Regional Analysis
15.1.4 Research & Development Expense
15.1.5 Recent strategies and developments:
15.1.5.1 Partnerships, Collaborations, and Agreements:
15.1.5.2 Acquisition and Mergers:
15.1.6 SWOT Analysis
15.2 Deere & Company
15.2.1 Company Overview
15.2.2 Financial Analysis
15.2.3 Segmental and Regional Analysis
15.2.4 Research & Development Expenses
15.2.5 SWOT Analysis
15.3 Wells Fargo & Company
15.3.1 Company Overview
15.3.2 Financial Analysis
15.4 Komatsu Ltd.
15.4.1 Company Overview
15.4.2 Financial Analysis
15.4.3 Segmental and Regional Analysis
15.4.4 Research & Development Expenses
15.4.5 SWOT Analysis
15.5 CNH Industrial Capital (India) Private Limited (CNH Industrial N.V.)
15.5.1 Company Overview
15.5.2 Financial Analysis
15.5.3 Regional & Segmental Analysis
15.5.4 Research & Development Expenses
15.6 Liebherr-International AG
15.6.1 Company Overview
15.6.2 Financial Analysis
15.6.3 Research & Development Expenses
15.6.4 SWOT Analysis
15.7 First-Citizens Bank & Trust Company (First Citizens BancShares, Inc.)
15.7.1 Company Overview
15.7.2 Financial Analysis
15.7.3 Segmental Analysis
15.7.4 Recent strategies and developments:
15.7.4.1 Acquisition and Mergers:
15.8 SANY Group
15.8.1 Company Overview
15.8.2 SWOT Analysis
15.9 Hitachi Construction Machinery Co., Ltd. (Hitachi, Ltd.)
15.9.1 Company Overview
15.9.2 Financial Analysis
15.9.3 Segmental and Regional Analysis
15.9.4 Recent strategies and developments:
15.9.4.1 Partnerships, Collaborations, and Agreements:
15.9.5 SWOT Analysis
15.10. Volvo Construction Equipment AB (Volvo Group)
15.10.1 Company Overview
15.10.2 Financial Analysis
15.10.3 Segmental and Regional Analysis
15.10.4 Research & Development Expense
15.10.5 Recent strategies and developments:
15.10.5.1 Product Launches and Product Expansions:
15.10.5.2 Acquisition and Mergers:

TABLE 1 North America Construction Equipment Finance Market, 2021 - 2024, USD Million
TABLE 2 North America Construction Equipment Finance Market, 2025 - 2032, USD Million
TABLE 3 Key Customer Criteria – Construction Equipment Finance Market
TABLE 4 North America Construction Equipment Finance Market by Financing, 2021 - 2024, USD Million
TABLE 5 North America Construction Equipment Finance Market by Financing, 2025 - 2032, USD Million
TABLE 6 North America Loans/Term Loans Market by Region, 2021 - 2024, USD Million
TABLE 7 North America Loans/Term Loans Market by Region, 2025 - 2032, USD Million
TABLE 8 North America Finance Leases/Capital Leases Market by Region, 2021 - 2024, USD Million
TABLE 9 North America Finance Leases/Capital Leases Market by Region, 2025 - 2032, USD Million
TABLE 10 North America Operating Leases/Rental Financing Market by Region, 2021 - 2024, USD Million
TABLE 11 North America Operating Leases/Rental Financing Market by Region, 2025 - 2032, USD Million
TABLE 12 North America Vendor/Dealer Financing Market by Region, 2021 - 2024, USD Million
TABLE 13 North America Vendor/Dealer Financing Market by Region, 2025 - 2032, USD Million
TABLE 14 North America Other Financing Market by Region, 2021 - 2024, USD Million
TABLE 15 North America Other Financing Market by Region, 2025 - 2032, USD Million
TABLE 16 North America Construction Equipment Finance Market by Equipment, 2021 - 2024, USD Million
TABLE 17 North America Construction Equipment Finance Market by Equipment, 2025 - 2032, USD Million
TABLE 18 North America Earthmoving Equipment Market by Country, 2021 - 2024, USD Million
TABLE 19 North America Earthmoving Equipment Market by Country, 2025 - 2032, USD Million
TABLE 20 North America Material Handling Equipment Market by Country, 2021 - 2024, USD Million
TABLE 21 North America Material Handling Equipment Market by Country, 2025 - 2032, USD Million
TABLE 22 North America Compaction Equipment Market by Country, 2021 - 2024, USD Million
TABLE 23 North America Compaction Equipment Market by Country, 2025 - 2032, USD Million
TABLE 24 North America Specialized Equipment Market by Country, 2021 - 2024, USD Million
TABLE 25 North America Specialized Equipment Market by Country, 2025 - 2032, USD Million
TABLE 26 North America Other Equipment Market by Country, 2021 - 2024, USD Million
TABLE 27 North America Other Equipment Market by Country, 2025 - 2032, USD Million
TABLE 28 North America Construction Equipment Finance Market by Industry, 2021 - 2024, USD Million
TABLE 29 North America Construction Equipment Finance Market by Industry, 2025 - 2032, USD Million
TABLE 30 North America Construction Market by Country, 2021 - 2024, USD Million
TABLE 31 North America Construction Market by Country, 2025 - 2032, USD Million
TABLE 32 North America Mining Market by Country, 2021 - 2024, USD Million
TABLE 33 North America Mining Market by Country, 2025 - 2032, USD Million
TABLE 34 North America Rental Market by Country, 2021 - 2024, USD Million
TABLE 35 North America Rental Market by Country, 2025 - 2032, USD Million
TABLE 36 North America Government Market by Country, 2021 - 2024, USD Million
TABLE 37 North America Government Market by Country, 2025 - 2032, USD Million
TABLE 38 North America Other Industry Market by Country, 2021 - 2024, USD Million
TABLE 39 North America Other Industry Market by Country, 2025 - 2032, USD Million
TABLE 40 North America Construction Equipment Finance Market by Country, 2021 - 2024, USD Million
TABLE 41 North America Construction Equipment Finance Market by Country, 2025 - 2032, USD Million
TABLE 42 US Construction Equipment Finance Market, 2021 - 2024, USD Million
TABLE 43 US Construction Equipment Finance Market, 2025 - 2032, USD Million
TABLE 44 US Construction Equipment Finance Market by Financing, 2021 - 2024, USD Million
TABLE 45 US Construction Equipment Finance Market by Financing, 2025 - 2032, USD Million
TABLE 46 US Construction Equipment Finance Market by Equipment, 2021 - 2024, USD Million
TABLE 47 US Construction Equipment Finance Market by Equipment, 2025 - 2032, USD Million
TABLE 48 US Construction Equipment Finance Market by Industry, 2021 - 2024, USD Million
TABLE 49 US Construction Equipment Finance Market by Industry, 2025 - 2032, USD Million
TABLE 50 Canada Construction Equipment Finance Market, 2021 - 2024, USD Million
TABLE 51 Canada Construction Equipment Finance Market, 2025 - 2032, USD Million
TABLE 52 Canada Construction Equipment Finance Market by Financing, 2021 - 2024, USD Million
TABLE 53 Canada Construction Equipment Finance Market by Financing, 2025 - 2032, USD Million
TABLE 54 Canada Construction Equipment Finance Market by Equipment, 2021 - 2024, USD Million
TABLE 55 Canada Construction Equipment Finance Market by Equipment, 2025 - 2032, USD Million
TABLE 56 Canada Construction Equipment Finance Market by Industry, 2021 - 2024, USD Million
TABLE 57 Canada Construction Equipment Finance Market by Industry, 2025 - 2032, USD Million
TABLE 58 Mexico Construction Equipment Finance Market, 2021 - 2024, USD Million
TABLE 59 Mexico Construction Equipment Finance Market, 2025 - 2032, USD Million
TABLE 60 Mexico Construction Equipment Finance Market by Financing, 2021 - 2024, USD Million
TABLE 61 Mexico Construction Equipment Finance Market by Financing, 2025 - 2032, USD Million
TABLE 62 Mexico Construction Equipment Finance Market by Equipment, 2021 - 2024, USD Million
TABLE 63 Mexico Construction Equipment Finance Market by Equipment, 2025 - 2032, USD Million
TABLE 64 Mexico Construction Equipment Finance Market by Industry, 2021 - 2024, USD Million
TABLE 65 Mexico Construction Equipment Finance Market by Industry, 2025 - 2032, USD Million
TABLE 66 Rest of North America Construction Equipment Finance Market, 2021 - 2024, USD Million
TABLE 67 Rest of North America Construction Equipment Finance Market, 2025 - 2032, USD Million
TABLE 68 Rest of North America Construction Equipment Finance Market by Financing, 2021 - 2024, USD Million
TABLE 69 Rest of North America Construction Equipment Finance Market by Financing, 2025 - 2032, USD Million
TABLE 70 Rest of North America Construction Equipment Finance Market by Equipment, 2021 - 2024, USD Million
TABLE 71 Rest of North America Construction Equipment Finance Market by Equipment, 2025 - 2032, USD Million
TABLE 72 Rest of North America Construction Equipment Finance Market by Industry, 2021 - 2024, USD Million
TABLE 73 Rest of North America Construction Equipment Finance Market by Industry, 2025 - 2032, USD Million
TABLE 74 key information – Caterpillar, Inc.
TABLE 75 Key Information – Deere & Company
TABLE 76 Key Information – Wells Fargo & Company
TABLE 77 Key Information – Komatsu Ltd.
TABLE 78 Key Information – CNH Industrial Capital (India) Private Limited
TABLE 79 Key Information – Liebherr—international ag
TABLE 80 Key Information – First-Citizens Bank & Trust Company
TABLE 81 Key Information – SANY Group
TABLE 82 Key Information – Hitachi construction machinery co., ltd.
TABLE 83 Key Information – Volvo Construction Equipment AB

List of Figures
FIG 1 Methodology for the research
FIG 2 North America Construction Equipment Finance Market, 2021 - 2032, USD Million
FIG 3 Key Factors Impacting North America Construction Equipment Finance Market
FIG 4 Value Chain Analysis of Construction Equipment Finance Market
FIG 5 Market Share Analysis, 2024
FIG 6 Porter’s Five Forces Analysis – Construction Equipment Finance Market
FIG 7 Product Life Cycle – Construction Equipment Finance Market
FIG 8 Market Consolidation – Construction Equipment Finance Market
FIG 9 Key Customer Criteria – Construction Equipment Finance Market
FIG 10 North America Construction Equipment Finance Market Share by Financing, 2024
FIG 11 North America Construction Equipment Finance Market Share by Financing, 2032
FIG 12 North America Construction Equipment Finance Market by Financing, 2021 - 2032, USD Million
FIG 13 North America Construction Equipment Finance Market Share by Equipment, 2024
FIG 14 North America Construction Equipment Finance Market Share by Equipment, 2032
FIG 15 North America Construction Equipment Finance Market by Equipment, 2021 - 2032, USD Million
FIG 16 North America Construction Equipment Finance Market Share by Industry, 2024
FIG 17 North America Construction Equipment Finance Market Share by Industry, 2032
FIG 18 North America Construction Equipment Finance Market by Industry, 2021 - 2032, USD Million
FIG 19 North America Construction Equipment Finance Market Share by Country, 2024
FIG 20 North America Construction Equipment Finance Market Share by Country, 2032
FIG 21 North America Construction Equipment Finance Market by Country, 2021 - 2032, USD Million
FIG 22 Recent strategies and developments: Caterpillar, Inc.
FIG 23 SWOT Analysis: Caterpillar, Inc.
FIG 24 SWOT Analysis: Deere & Company
FIG 25 SWOT Analysis: Komatsu Ltd.
FIG 26 SWOT Analysis: Liebherr-International AG
FIG 27 SWOT Analysis: SANY Group
FIG 28 SWOT Analysis: HITACHI CONSTRUCTION MACHINERY CO., LTD.
FIG 29 Recent strategies and developments: Volvo Construction Equipment AB