Scale Your Aftermarket Business in Construction & Mining
The construction and mining equipment industry has faced several challenges over the past half-decade. A growing labor shortage, increasingly stringent environmental regulations, and barriers in technological adoption are all contributing to a stifled revenue growth.
The aftermarket segment, however, tells a completely different story. We take a look at the latest trends, challenges and novel strategies to help you take full advantage of this growing market.
The State of Aftermarket in Construction & Mining
The aftermarket segment has generally outperformed new machinery sales in recent years. This robust growth can be attributed to aging equipment fleets, a shift towards sustainability, and new technological upgrades requiring specialized spare parts.
(Source: The Business Research Company)
The promising growth, higher profit margins and consistent revenue streams have made the aftermarket services more desirable for construction and mining companies, and this trend continues to grow in 2025 and years to come.
Aftermarket services offer more stable revenue streams and higher profit margins, making them a focal point for companies aiming to mitigate the cyclical nature of new equipment sales.
According to a report by Business Research Company, the market size for construction equipment aftermarket grew from $26.87 billion in 2024 to $28.75 billion in 2025.
This upward trend is expected to continue, with projections reaching $37.85 billion by 2029 making aftermarket especially lucrative for construction equipment manufacturers .
According to a McKinsey report, the average earnings-before-interest-and-taxes (EBIT) margin for aftermarket services was 25% compared to the 10% for new equipment.
The aftermarket revenue streams are more stable and yield better profit margins, allowing manufacturers to even offset losses incurred in new machinery sales.
A strong aftermarket strategy opens up opportunities for building better customer relationships and improving customer retention.
Leading construction and mining machinery manufacturers have introduced bundled aftermarket services to give their customers a long-term benefit.
What is Fuelling the Strategic Shift Toward Aftermarket?
Focus Towards Sustainable & Eco-friendly Machinery
The global push toward net-zero emissions is accelerating demand for electric and hybrid equipment. Additionally, construction and mining companies are also facing Environment, Social and Governance (ESG) pressures from investors.
Autonomous & Remote-Operated Equipment
Autonomy is no longer a niche innovation, but a necessity to remain competitive. Autonomous haul trucks, drilling systems, and AI-guided excavators are reducing labor costs, addressing the talent gap, and improving safety in high-risk environments.
Circular Economy & Remanufacturing
With raw material costs soaring, OEMs are prioritizing circular economy and remanufacturing practices. Remanufacturing used components (e.g., engines, hydraulic systems) extends equipment lifecycles and taps into cost-conscious markets.
AI and Data-Driven Aftermarket Services
The aftermarket is no longer a reactive support function, but a proactive growth engine powered by AI, data-driven market intelligence and Internet of Things (IoT). With new equipment sales facing volatility in most markets, machine manufacturers in construction and mining are prioritizing parts, aftermarket services, and upgrades to stabilize revenue.
Let's find out! Our whitepaper discusses the critical role of having the right pricing strategy to unlock the full potential of your aftermarket segment.
In addition to that, it offers actionable steps to help construction and mining machine manufacturers turn their aftermarket services into a growing and consistent revenue stream, even in economic uncertainty.
These Companies Already Rely on MARKT-PILOT Solutions
MARKT-PILOT is a leading provider of software for market-based spare parts pricing in machine manufacturing. The solutions enable OEMs to conduct precise market price research, automated price recommendations and optimized strategies. Customers benefit from increased sales, margins and customer satisfaction in their parts business.
Headquartered in Stuttgart and with offices in Chicago, Milan and Stockholm, MARKT-PILOT supports around 200 machine manufacturers worldwide. The company employs more than 150 people and received Series A funding of EUR 40 million in 2024. MARKT-PILOT's technology is based on many years of industry experience and offers comprehensive market transparency for spare parts.