Demand for European Construction Equipment Is Slated To Grow At Over 6% by 2032 | Fact.MR Analysis

Posted on 2023-01-08 by Fact.MR in Industrial // 0 Comments

The European construction equipment market is slated to grow at over 6% in the forecast period ranging from 2022 to 2032. As of 2021, the industry was valued at US$ 161 Billion, and is poised to register a Y-o-Y expansion rate of 5.6% in 2022 to reach US$ 170 Billion By 2032, the market is slated to reach US$ 304.43 Billion.

The construction industry contributes over 9% to EU current GDP. The transportation infrastructure sector is witnessing a boom in Europe construction industry. A slew of stalled projects and pristine apartments mushrooming in the European cities were factors causing a spurt in demand for construction equipment.

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Competitive Landscape: Top Companies in Construction Equipment Market

The European construction equipment market is a consolidated market with key players such as Liebherr, Volvo Equipment and Wirtgen Group dominating the market. For instance:

In 2019, Volvo Construction Equipment announced in an official statement that it will start producing compact electric excavators and wheel loaders: EC 15 to EC 27 electric excavators and L20 to L28 electric wheel loaders
In 2020, Dutch company BAM infra built world’s first electric road roller that is capable of saving more than 70 liters of fuel per day and cutting 236 kilograms of carbon dioxide per day. The roller is currently deployed at Almere municipality and it is helping BAM infra to achieve its sustainability goals.

Key Companies Profiled:

Liebherr Group
Joseph Cyril Bamford Excavators Ltd.
Volvo CE
CNH Industrial NV
Wirtgen Group

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Key Segments Covered in the Europe Construction Equipment Market Report

Europe Construction Equipment Market by Product
- Earth Moving Construction Machinery
  - Excavator
  - Loader
  - Others
- Construction Material Handling Machinery
  - Crawler Cranes
  - Trailer Mounted Cranes
  - Truck Mounted Cranes
- Concrete and Road Construction Machinery
  - Concrete Mixer & Pavers
  - Construction Pumps
  - Others
Europe Construction Equipment Market by Country
- Germany
- France
- U.K
- Italy
- BENELUX
- Nordics
- Rest of Europe

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Questionnaire answered in the Europe Construction Equipment Market report include:

How the market for Europe Construction Equipment has grown?
What is the present and future outlook of the global Europe Construction Equipment on the basis of region?
What are the challenges and opportunities for the Europe Construction Equipment?
Why the consumption of Europe Construction Equipment highest in region?
In which year segment is expected to overtake segment?

What makes Fact.MR report stand out from others?

Fact.MR follows a six-point mechanism known as E.V.O.L.V.E. (Evaluate. Visualize. Overcome. Leverage. Verify. Eradicate.). The report is specially created to assess the COVID-19 impact on the Europe Construction Equipment market. This mechanism focuses on almost all the factors in a definite manner to provide the best research report for the market stakeholders.
Evaluate: A Fact.MR report evaluates every small aspect that can prove to be a growth generator for the Europe Construction Equipment market, thus, making it different and special from other reports.
Visualize: The authors involved in the research activities visualized the post-COVID-19 era so that the key stakeholders of market get an overview and helps them take certain steps to ensure continuous growth during the forecast period.
Overcome: The report scrutinizes on points that can prove to be an Achilles heel to the Europe Construction Equipment market and assists to create strategies to overcome the obstacles that may hinder the growth of the Europe Construction Equipment market.
Leverage: The Europe Construction Equipment market can leverage certain aspects that can prove beneficial for the increase in growth rate. Fact.MR covers all the points on which the key stakeholders can leverage upon.
Verify: Research is done systematically to assure validation of all the aspects covered in the report. All the points are rechecked and verified thoroughly to avoid flaws and fake information.
Eradicate: Last but not the least, this aspect helps the key stakeholder eradicate all the obstacles that come between the growth rate and the Europe Construction Equipment market.

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