Europe Construction Equipment Market (2024-2030) | Outlook, Industry, Trends, Size, Analysis, Share, Companies, Growth, Revenue, Forecast & Value

Topics Covered in Europe Construction Equipment Market Report

The Europe construction equipment market report thoroughly covers the market by types, applications and countries. Europe construction equipment market outlook report provides an unbiased and detailed analysis of the ongoing Europe construction equipment market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.

Europe Construction Equipment Market Synopsis

Europe construction equipment market has registered a steady growth due to economic slowdown in the past few years while the increase in demand for residential infrastructure and the growing population of refugees in Europe are considered to enhance the growth of the construction equipment market in Europe. Increasing job opportunities and low-interest rates are the key factors increasing the demand for construction equipment that have encouraged the growth of the construction equipment market in the region.

According to 6Wresearch, Europe Construction Equipment Market size is projected to rise at a CAGR of 3.10% during 2024-2030. Europe is aiming to expand the construction equipment market by accepting the opportunity of huge investments in the market from the Asia Pacific and North America in the upcoming year. Growing traffic congestion coupled with a surging population in the region is driving the development of the market. Additionally, Europe is expected to face challenges in the construction equipment market owing to a lack of trained workers which is projected to affect the growth of the market. In types, the earthmoving segment is anticipated to dominate the construction equipment market share in Europe on account of increasing demand and sales of crawler excavators.

Europe construction equipment market is estimated to register sound revenues in the upcoming six years on the back of the potential growth of rising renewable energy projects which tends to demand low-emission fuel equipment such as backhoe loaders tends to emit less smoke is leading to less environmental degradation and would foster the deployment for construction equipment in the coming years for construction equipment in the market. Further, the geographical spread of industries like the oil & gas and mining industry requires adequate infrastructure to perform essential activities such as extracting petroleum and minerals which is expected to boost the growth of the European construction equipment market in the coming years.

Europe Construction Equipment Industry: Leading Companies

The construction equipment market in Europe is led by several key players. Some of the leading companies include Caterpillar, Terex, Volvo Construction Equipment, Komatsu, and JCB. These companies develop and manufacture equipment such as excavators, bulldozers, wheel loaders, and backhoes. They also continue to innovate and develop new technologies to produce more efficient and sustainable equipment. For example, Caterpillar has introduced a hybrid excavator that has reduced fuel consumption by 25%. These new technologies ensure that the construction equipment industry remains competitive in the global market.

Construction Equipment Market in Europe: Government Regulations

The European Union introduced new regulations for construction equipment manufacturers to improve the sustainability and safety of their products. The new regulations require manufacturers to design equipment that produces fewer emissions and reduces noise pollution. The regulations also require manufacturers to include safety features such as cameras, sound alarms, and seat belts. These regulations are meant to improve the sustainability of the construction equipment industry and protect construction workers from accidents.

Government investment in infrastructure is another key factor shaping the growth of the construction equipment market in Europe. Governments across the region are investing heavily in modernizing their infrastructure, including transportation systems, energy networks, and communication infrastructure. This increased spending has created a strong demand for construction equipment, leading to growth in the industry. For example, in 2021, the German government announced plans to invest €40bn in infrastructure improvements over the next three years.

Market Segmentation by Countries

According to Mahender, Senior Research Analyst, 6Wresearch, the United Kingdom has accounted for a major number of construction projects which are providing steadiness in the market. Apart from France the countries in central Europe have recovered the loss held due to the economic crisis and are back on track with growth.

Market Segmentation by Application

Based on the application, the construction application segment is expected to hold the largest share in Europe construction equipment market owing to the growing demand for infrastructure activities in the commercial and residential sectors.

Key Attractiveness of the Report

• COVID-19 Impact on the Market.
• 10 Years Market Numbers.
• Historical Data Starting from 2020 to 2023.
• Base Year: 2023
• Forecast Data until 2030.
• Key Performance Indicators Impacting the Market.
• Major Upcoming Developments and Projects.

Key Highlights of the Report:

• Europe Construction Equipment Market Outlook
• Market Size of Europe Construction Equipment Market, 2023
• Forecast of Europe Construction Equipment Market, 2030
• Historical Data and Forecast of Europe Construction Equipment Market Revenues & Volume for the Period 2020 - 2030
• Europe Construction Equipment Market Trend Evolution
• Europe Construction Equipment Market Drivers and Challenges
• Europe Construction Equipment Price Trends
• Europe Construction Equipment Porter's Five Forces
• Europe Construction Equipment Industry Life Cycle
• Historical Data and Forecast of Europe Construction Equipment Market Revenues and volume by Type for the Period 2020 - 2030
• Historical Data and Forecast of Europe Construction Equipment Market Revenues and Volume by Cranes for the Period 2020 - 2030
• Historical Data and Forecast of Europe Construction Equipment Market Revenues and volume by Construction Tractor and Bulldozer for the Period 2020 - 2030
• Historical Data and Forecast of Europe Construction Equipment Market Revenues and volume by Earthmoving Equipment for the Period 2020 - 2030
• Historical Data and Forecast of Europe Construction Equipment Market Revenues and volume by Aerial Work Equipment for the Period 2020 - 2030
• Historical Data and Forecast of Europe Construction Equipment Market Revenues and volume by Material Handling Equipment for the Period 2020 - 2030
• Historical Data and Forecast of Europe Construction Equipment Market Revenues and volume by Dump Trucks for the Period 2020 - 2030
• Historical Data and Forecast of Europe Construction Equipment Market Revenues and volume by Road Construction Equipment for the Period 2020 - 2030
• Historical Data and Forecast of Europe Construction Equipment Market Revenues and volume by Application for the Period 2020 - 2030
• Historical Data and Forecast of Europe Construction Equipment Market Revenues and volume by Construction for the Period 2020 - 2030
• Historical Data and Forecast of Europe Construction Equipment Market Revenues and volume by Oil and Gas for the Period 2020 - 2030
• Historical Data and Forecast of Europe Construction Equipment Market Revenues and volume by Mining for the Period 2020 - 2030
• Historical Data and Forecast of Europe Construction Equipment Market Revenues and volume by key countries for the Period 2020 - 2030
• Historical Data and Forecast of Europe Construction Equipment Market Revenues and volume by Germany for the Period 2020 - 2030
• Historical Data and Forecast of Europe Construction Equipment Market Revenues and volume by France for the Period 2020 - 2030
• Historical Data and Forecast of Europe Construction Equipment Market Revenues and volume by Italy for the Period 2020 - 2030
• Historical Data and Forecast of Europe Construction Equipment Market Revenues and volume by United Kingdom for the Period 2020 - 2030
• Historical Data and Forecast of Europe Construction Equipment Market Revenues and volume by Rest of Europe for the Period 2020 - 2030
• Europe Construction Equipment Import Export Trade Statistics
• Market Opportunity Assessment By Type
• Market Opportunity Assessment By Application
• Market Opportunity Assessment By Countries
• Europe Construction Equipment Top Companies Market Share
• Europe Construction Equipment Competitive Benchmarking By Technical and Operational Parameters
• Europe Construction Equipment Company Profiles
• Europe Construction Equipment Key Strategic Recommendation

Market Scope and Segmentation

The report provides a detailed analysis of the following market segments:

By Types:

• Mobile Cranes
• Construction Tractor and Bulldozer
• Earthmoving Equipment
• Aerial Work Equipment
• Material Handling Equipment
• Dump Trucks
• Road Construction Equipment

By Applications:

• Construction
• Oil & Gas
• Mining

By Countries:

• Germany
• France
• Italy
• United Kingdom
• Rest of Europe

Europe Construction Equipment Market (2024-2030): FAQ