H2 2026 Global Construction Machinery Outlook: Electrification and Rental as Twin Engines

According to the latest industry research, the global construction machinery market is expected to reach USD 138 billion in 2026, up 6.2% year over year.

Electrification is gaining momentum — penetration of small electric excavators and loaders has surpassed 20% in European municipal works — while the rental market continues to consolidate, with major rental fleets favoring machines with high reliability and low total cost of ownership.

ZhengPro will complete the electrification of its mainstream models by 2027 and launch customized service packages for rental customers.