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Europe Construction Equipment Market
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Europe Construction Equipment Market

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Europe Construction Equipment Market - By Equipment (Earthmoving Equipment (Loaders, Excavators, Backhoe, Loaders, Compactors, Others), Material Handling Equipment (Cranes, Industrial Trucks, Road Rollers, Others), Heavy Construction Equipment (Concrete Pumps, Crushers, Transit Mixers, Asphalt Pavers, Batching Plants, Others); By Application (Commercial, Residential, Infrastructure); By Propulsion Type (Diesel, CNG/LNG/RNG); By Power Output (<100 HP, 101–200 HP, 201–400 HP, >400 HP); By Country (Germany, UK, Italy, France, Spain, Netherlands, Rest of Europe), Trend Analysis, Competitive Landscape & Forecast, 2019–2029

  • Published Date: February 2023
  • Report ID: BWC23142
  • Available Format: PDF
  • Page: 250

Report Overview

Massive infrastructure redevelopment projects in disaster-hit Türkiye and war-ravaged Ukraine, increasing investments in infrastructure development, and increasing adoption of technology advancement are expected to boost the growth of Europe Construction Equipment Market during the forecast period between 2023 and 2029.

Europe Construction Equipment Market - Industry Trends & Forecast Report, 2029

Europe construction equipment market size was estimated at USD 169.81 billion in 2022. During the forecast period between 2023 and 2029, Europe construction equipment market size is projected to grow at a CAGR of 6.16% reaching a value of USD 256.51 billion by 2029. Ukraine, where its infrastructure has been heavily damaged by Russia’s war in the country, and Türkiye, which was devastated by earthquakes, are expected to invest heavily in the redevelopment of their infrastructure in the coming years. It will spur the high demand for construction equipment. The development of automation in construction and the changing technology landscape both have significant impact on the current trends in Europe's construction sector. To speed up the processes, increase dependability, and boost efficiency, the majority of European nations are gradually integrating technology advancements and automated technology and equipment in the construction industry.

Europe Construction Equipment Market

Europe Construction Equipment Market - Overview

Construction equipment is specialized machinery that is used to carry out construction tasks. These tools are employed for a variety of tasks, including drilling, hauling, excavation, paving, and grading. The Europe market includes a variety of industries, including manufacturing, oil & gas, and building & infrastructure. The main focus of new equipment design is on changes that will boost the machines' speed, efficiency, and accuracy when carrying out a certain task. With sound attenuation and emission management, these modifications also seek to enhance operator safety and comfort while safeguarding the environment.

Growth Drivers

Electrification of Construction Equipment

Diesel usage has surged as a result of an increase in construction activity around Europe. Although having a higher energy content than gasoline, diesel combustion nevertheless emits hazardous exhausts into the atmosphere. Governments and pollution control organizations in Europe have created standards and laws requiring diesel engines to emit nearly little NOx and SOx. This has made it easier for Manufacturers to transition to fully electric and hybrid vehicles in the future. Electric construction tools produce relatively little heat, noise, and vibration in addition to having zero emissions. When compared to diesel-powered counterparts, electric construction equipment requires fewer parts, and using electricity lowers overall operating costs for both the rental firm and the client. Several major global firms have introduced electric construction equipment.

Increasing Investments by Key Companies in Equipment R&D

Europe's construction equipment manufacturers, suppliers, and rental service providers are expected to benefit greatly in the coming years. Leading companies, such as Thyssenkrupp AG, ZF, Wirtgen, Schwing Stetter, and Liebherr have been investing heavily in research and development to develop advanced, more reliable heavy-duty machinery in anticipation of future demand. For example, Thyssenkrupp AG invested more than USD 384.9 million in new research and development programs in 2019. Other players' efforts have resulted in the development of several new technologically innovative construction machinery equipment.

Restraints

Environmental Concerns

Heavy machinery is the main contributor to ozone emissions, which worsens the condition of the air. The emissions from this equipment, which include carbon monoxide (CO), nitrogen oxides (NOx), and volatile organic compounds (VOC), harm the environment and create an imbalance between rural and urban areas. Another large source of ozone emissions is mining machinery running at the mining sites. To reduce the consequences of global warming, some European nations are actively working to enhance the regulations governing exhaust emissions from construction equipment.

Redevelopment & Recovery Projects in Türkiye and Ukraine

Major companies in Europe construction equipment market are expected to gain from significant opportunities provided by the massive infrastructure projects in earthquake-hit Türkiye and war-ravaged Ukraine. In Türkiye, analysts estimated that the urban redevelopment across the country post the earthquake would provide huge opportunities for the construction and related industries in total investment of more than USD 250 billion. On February 06, 2023, a 7.8-magnitude of earthquake hit Türkiye and Syria, killing tens of thousands of people and severely damaging infrastructure in cities and villages across its fault line. The President of Türkiye announced that the government would engage in a comprehensive construction program to rebuild cities with safety and sustainability.

In Ukraine, Russia’s war in the country has been continuing for more than a year now. Consequently, infrastructure across Ukraine has been severely damaged. In September 2022, Ukraine government, the European Commission, and the World Bank, along with their partners estimated the cost of Ukraine’s reconstruction and recovery would be about USD 350 billion. As the war continues, the cost is anticipated to escalate.

Massive redevelopment and recovery projects in Türkiye and Ukraine are expected to provide lucrative growth opportunities for construction and supplementary industries. It, in turn, is projected to aid the growth of Europe construction equipment market during the forecast period between 2023 and 2029 and beyond.       

Europe Construction Equipment Market

Segmental Coverage

Europe Construction Equipment Market - By Equipment

Europe construction equipment market is divided into Earthmoving Equipment (Loaders, Excavators, Backhoe, Loaders, Compactors, and Others), Material Handling Equipment (Cranes, Industrial Trucks, Road Rollers, and Others), and Heavy Construction Equipment (Concrete Pumps, Crushers, Transit Mixers, Asphalt Pavers, Batching Plants, and Others). The earthmoving machinery sector dominated the market in 2022. The excavator’s sub-segment is expected to grow at a moderate CAGR during the forecast period due to an increase in infrastructure projects around Europe and the widespread use of traditional heavy-duty excavators by builders and contractors for building dams and highways. The material handling equipment category is expected to grow at a significant CAGR during the forecast period. It is attributed to an increase in non-residential construction demand for crawler cranes, particularly in the manufacturing, industrial, and commercial building sectors. During the forecast period, all of these factors are expected drive the growth of Europe construction equipment market.

Europe Construction Equipment Market - By Application

Based on application, Europe construction equipment market is divided into Commercial, Residential, and Infrastructure segments. Due to growing commercialization and foreign direct investments (FDI) for several international manufacturing facilities in developing countries, the commercial application segment is predicted to have steady expansion shortly. Commercial infrastructure growth in both matured and developing nations is probably going to gain a sizable market share in Europe.

Europe Construction Equipment Market Size

Europe Construction Equipment Market - By Propulsion Type

Based on propulsion type, Europe construction equipment market is divided into Diesel and CNG/LNG/RNG segments. When compared to diesel, fuels like CNG, LNG, and RNG help reduce pollution, increasing demand for construction machinery.

Europe Construction Equipment Market - By Power Output

Based on power output, Europe construction equipment market is divided into <100 HP, 101–200 HP, 201–400 HP, and >400 HP. Among them, the 201–400 HP segment is expected to experience rapid growth. The market for 201–400 HP Construction equipment is growing swiftly and at the highest CAGR during the forecast period as a result of the excessive demand for infrastructure development across European countries.

Europe Construction Equipment Market - By Country

Geographically, the Europe construction equipment market is divided into Germany, UK, Italy, France, Spain, the Netherlands, and Rest of Europe. Germany dominates the market. The region is home to major economies with high levels of household spending and mature infrastructure sectors. Also, the UK construction equipment market is expected to grow steadily due to increased renovation activity in the region's residential infrastructure. The market is expected to grow significantly due to rising demand for consumer-oriented construction as well as rising demand from the industrial and manufacturing sectors.

Competitive Landscape

Competition in Europe construction equipment market is intense. Major companies in the market include Caterpillar, CNH Industrial N.V., Doosan Corporation, Escorts Limited, Hitachi Construction Machinery Co., Ltd., Hyundai Construction Equipment Co., Ltd., J C Bamford Excavators Ltd., and Deere & Company. The key strategies used by these market leaders are new product launches, mergers & acquisitions, and alliances. To grow their market share, these companies are also focusing on investing in innovations, collaborations, and expansions.

Recent Developments

  • In September 2022 - Mitsubishi Fuso Truck and Bus Corporation (MFTBC) introduced The Next Generation eCanter is now available in 42 different configurations. The PTO (power take-off) unit allows the eCanter to operate as a tow truck, tipper, or with rear cranes to support construction businesses.

  • In March 2022 - Mack Trucks expanded its medium-duty offering by announcing the Allison 3000 RDS transmission availability for Mack MD Series models. With a higher Gross Combination Weight Rating (GCWR), the Allison 3000RDS transmission provides greater versatility for customers in 4x2 refuse, tank, and dump applications, allowing customers to drive the Mack MD Series model and pull utility trailers with small excavators.

Scope of the Report

Attributes

Details

Years Considered

Historical Data – 2019–2022

Base Year – 2022

Estimated Year – 2023

Forecast Period – 2023–2029

Facts Covered

Revenue in USD Billion

Market Coverage

Germany, UK, Italy, France, Spain, Netherlands, Rest of Europe

Product/ Service Segmentation

Equipment, Application, Propulsion Type, Power Output, Country

Key Players

Caterpillar, CNH Industrial N.V., Doosan Corporation, Escorts Limited, Hitachi Construction Machinery Co., Ltd., Hyundai Construction Equipment Co., Ltd., J C Bamford Excavators Ltd., Deere & Company

 

By Equipment

  • Earthmoving Equipment

  1. Loaders

  2. Excavators

  3. Backhoe

  4. Loaders

  5. Compactors

  6. Others

  • Material Handling Equipment

  1. Cranes

  2. Industrial Trucks

  3. Road Rollers

  4. Others

  • Heavy Construction Equipment

  1. Concrete Pumps

  2. Crushers

  3. Transit Mixers

  4. Asphalt Pavers

  5. Batching Plants

  6. Others

By Application

  • Commercial

  • Residential

  • Infrastructure

By Propulsion Type

  • Diesel

  • CNG/LNG/RNG

By Power Output

  • <100 HP

  • 101–200 HP

  • 201–400 HP

  • >400 HP

By Country

  • Germany

  • UK

  • Italy

  • France

  • Spain

  • Netherlands

  • Rest of Europe

  1. Research Framework
    1. Research Objective
    2. Product Overview
    3. Market Segmentation
  2. Executive Summary
  3. Europe Construction Equipment Market Insights
    1. Industry Value Chain Analysis
    2. DROC Analysis
      1. Growth Drivers
        1. Increasing Investments in Infrastructural Development
        2. Growing equipment Rentals
      2. Restraints
        1. High Ownership and Maintenance Cost
      3. Opportunities
        1. Advancement in Technology
      4. Challenges
    3. Technological Advancement/Recent Developments
    4. Regulatory Framework
    5. Porter’s Five Forces Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of New Entrants
      4. Threat of Substitutes
      5. Intensity of Rivalry
  4. Europe Construction Equipment Market Overview
    1. Market Equipment & Forecast, 2019–2029
      1. By Value (USD Million)
    2. Market Share & Forecast
      1. By Equipment
        1. Earthmoving Equipment
          1. Loaders
          2. Excavators
          3. Backhoe
          4. Loaders
          5. Compactors
          6. Others
        2. Material Handling Equipment
          1. Cranes
          2. Industrial Trucks
          3. Road Rollers
          4. Others
        3. Heavy Construction Equipment
          1. Concrete Pumps
          2. Crushers
          3. Transit Mixers
          4. Asphalt Pavers
          5. Batching Plants
          6. Others
      2. By Application
        1. Commercial
        2. Residential
        3. Infrastructure
      3. By Propulsion Type
        1. Diesel
        2. CNG/LNG/RNG
      4. By Power Output
        1. <100 HP
        2. 101–200 HP
        3. 201–400 HP
        4. >400 HP
      5. By Country
        1. Germany
        2. UK
        3. Italy
        4. France
        5. Spain
        6. Netherlands
        7. Rest of Europe
  5. Germany Construction Equipment Market
    1. Market Equipment & Forecast, 2019–2029
      1. By Value (USD Million)
    2. Market Share & Forecast
      1. By Equipment
      2. By Application
      3. By Propulsion Type
      4. By Power Output
  6. UK Construction Equipment Market
    1. Market Equipment & Forecast, 2019–2029
      1. By Value (USD Million)
    2. Market Share & Forecast
      1. By Equipment
      2. By Application
      3. By Propulsion Type
      4. By Power Output
  7. Italy Construction Equipment Market
    1. Market Equipment & Forecast, 2019–2029
      1. By Value (USD Million)
    2. Market Share & Forecast
      1. By Equipment
      2. By Application
      3. By Propulsion Type
      4. By Power Output
  8. France Construction Equipment Market
    1. Market Equipment & Forecast, 2019–2029
      1. By Value (USD Million)
    2. Market Share & Forecast
      1. By Equipment
      2. By Application
      3. By Propulsion Type
      4. By Power Output
  9. Spain Construction Equipment Market
    1. Market Equipment & Forecast, 2019–2029
      1. By Value (USD Million)
    2. Market Share & Forecast
      1. By Equipment
      2. By Application
      3. By Propulsion Type
      4. By Power Output
  10. Netherlands Construction Equipment Market
    1. Market Equipment & Forecast, 2019–2029
      1. By Value (USD Million)
    2. Market Share & Forecast
      1. By Equipment
      2. By Application
      3. By Propulsion Type
      4. By Power Output
  11. Rest of Europe Construction Equipment Market
    1. Market Equipment & Forecast, 2019–2029
      1. By Value (USD Million)
    2. Market Share & Forecast
      1. By Equipment
      2. By Application
      3. By Propulsion Type
      4. By Power Output
  12. Competitive Landscape
    1. List of Key Players and Their Offerings
    2. Europe Construction Equipment Company Market Share Analysis, 2022
    3. Competitive Benchmarking, By Operating Parameters
    4. Key Strategic Developments (Mergers, Acquisitions, Partnerships, etc.)
  13. Impact of Covid-19 on Europe Construction Equipment Market
  14. Company Profile (Company Overview, Financial Matrix, Competitive Landscape, Key Personnel, Key Competitors, Contact Address, Strategic Outlook, SWOT Analysis)
    1. Caterpillar
    2. CNH Industrial N.V.
    3. Doosan Corporation
    4. Escorts Limited
    5. Hitachi Construction Machinery Co., Ltd.
    6. Hyundai Construction Equipment Co., Ltd.
    7. J C Bamford Excavators Ltd.,
    8. Deere & Company.
    9. Other Prominent Players
  15. Key Strategic Recommendations
  16. Research Methodology
    1.    Qualitative Research
      1.  Primary & Secondary Research
    2.    Quantitative Research
    3.    Market Breakdown & Data Triangulation
      1.  Secondary Research
      2.  Primary Research
    4.    Breakdown of Primary Research Respondents, By Region
    5.    Assumptions & Limitations

*Financial information in case of non-listed companies can be provided as per availability.

**The segmentation and the companies are subject to modifications based on in-depth secondary research for the final deliverable

          

 

List of Figures

 

Figure 1       Europe Construction Equipment Segmentation       

Figure 2       Europe Construction Equipment Market Value Chain Analysis     

Figure 3       Company Market Share Analysis, 2022

Figure 4       Europe Construction Equipment Market Size, By Value (USD Million), 2019–2029         

Figure 5       Europe Construction Equipment Market Size, By Value (USD Million), 2019–2029         

Figure 6       Europe Construction Equipment Market Share, By Equipment, By Value, 2019–2029 

Figure 7       Europe Construction Equipment Market Share, By Application, By Value, 2019–2029 

Figure 8       Europe Construction Equipment Market Share, By Propulsion Type, By Value, 2019–2029 

Figure 9       Europe Construction Equipment Market Share, By Power Output, By Value, 2019–2029 

Figure 10     Europe Construction Equipment Market Share, By Country, By Value, 2019–2029         

Figure 11     Germany Construction Equipment Market Size, By Value (USD Million), 2019–2029 

Figure 12     Germany Construction Equipment Market Share, By Equipment, By Value, 2019–2029 

Figure 13     Germany Construction Equipment Market Share, By Application, By Value, 2019–2029 

Figure 14     Germany Construction Equipment Market Share, By Propulsion Type, By Value, 2019–2029 

Figure 15     Germany Construction Equipment Market Share, By Power Output, By Value, 2019–2029 

Figure 16     UK Construction Equipment Market Size, By Value (USD Million), 2019–2029

Figure 17     UK Construction Equipment Market Share, By Equipment, By Value, 2019–2029         

Figure 18     UK Construction Equipment Market Share, By Application, By Value, 2019–2029         

Figure 19     UK Construction Equipment Market Share, By Propulsion Type, By Value, 2019–2029 

Figure 20     UK Construction Equipment Market Share, By Power Output, By Value, 2019–2029         

Figure 21     Italy Construction Equipment Market Size, By Value (USD Million), 2019–2029         

Figure 22     Italy Construction Equipment Market Share, By Equipment, By Value, 2019–2029         

Figure 23     Italy Construction Equipment Market Share, By Application, By Value, 2019–2029         

Figure 24     Italy Construction Equipment Market Share, By Propulsion Type, By Value, 2019–2029 

Figure 25     Italy Construction Equipment Market Share, By Power Output, By Value, 2019–2029 

Figure 26     France Construction Equipment Market Size, By Value (USD Million), 2019–2029         

Figure 27     France Construction Equipment Market Share, By Equipment, By Value, 2019–2029 

Figure 28     France Construction Equipment Market Share, By Application, By Value, 2019–2029 

Figure 29     France Construction Equipment Market Share, By Propulsion Type, By Value, 2019–2029 

Figure 30     France Construction Equipment Market Share, By Power Output, By Value, 2019–2029 

Figure 31     Spain Construction Equipment Market Size, By Value (USD Million), 2019–2029         

Figure 32     Spain Construction Equipment Market Share, By Equipment, By Value, 2019–2029         

Figure 33     Spain Construction Equipment Market Share, By Application, By Value, 2019–2029 

Figure 34     Spain Construction Equipment Market Share, By Flow Rate, By Value, 2019–2029         

Figure 35     Spain Construction Equipment Market Share, By Power Output, By Value, 2019–2029 

Figure 36     Netherlands Construction Equipment Market Size, By Value (USD Million), 2019–2029 

Figure 37     Netherlands Construction Equipment Market Share, By Equipment, By Value, 2019–2029 

Figure 38     Netherlands Construction Equipment Market Share, By Application, By Value, 2019–2029 

Figure 39     Netherlands Construction Equipment Market Share, By Propulsion Type, By Value, 2019–2029 

Figure 40     Netherlands Construction Equipment Market Share, By Power Output, By Value, 2019–2029 

Figure 41     Rest of Europe Construction Equipment Market Size, By Value (USD Million), 2019–2029 

Figure 42     Rest of Europe Construction Equipment Market Share, By Equipment, By Value, 2019–2029 

Figure 43     Rest of Europe Construction Equipment Market Share, By Application, By Value, 2019–2029 

Figure 44     Rest of Europe Construction Equipment Market Share, By Propulsion Type, By Value, 2019–2029

Figure 45     Rest of Europe Construction Equipment Market Share, By Power Output, By Value, 2019–2029 

 

 

List of Tables

 

Table 1        Europe Construction Equipment Market Size, By Value (USD Million), 2019–2029

Table 2        Europe Construction Equipment Market Size, By Equipment, By Value, 2019–2029

Table 3        Europe Construction Equipment Market Size, By Application, By Value, 2019–2029

Table 4        Europe Construction Equipment Market Size, By Propulsion Type, By Value, 2019–2029

Table 5        Europe Construction Equipment Market Size, By Power Output, By Value, 2019–2029

Table 6        Europe Construction Equipment Market Size, By Country, By Value, 2019–2029

Table 7        Germany Construction Equipment Market Size, By Value (USD Million), 2019–2029

Table 8        Germany Construction Equipment Market Size, By Equipment, By Value, 2019–2029

Table 9        Germany Construction Equipment Market Size, By Application, By Value, 2019–2029

Table 10      Germany Construction Equipment Market Size, By Propulsion Type, By Value, 2019–2029

Table 11      Germany Construction Equipment Market Size, By Power Output, By Value, 2019–2029

Table 12      UK Construction Equipment Market Size, By Value (USD Million), 2019–2029

Table 13      UK Construction Equipment Market Size, By Equipment,  By Value, 2019–2029

Table 14      UK Construction Equipment Market Size, By Application, By Value, 2019–2029

Table 15      UK Construction Equipment Market Size, By Propulsion Type, By Value, 2019–2029

Table 16      UK Construction Equipment Market Size, By Power Output, By Value, 2019–2029

Table 17      Italy Construction Equipment Market Size, By Value (USD Million), 2019–2029

Table 18      Italy Construction Equipment Market Size, By Equipment,  By Value, 2019–2029

Table 19      Italy Construction Equipment Market Size, By Application, By Value, 2019–2029

Table 20      Italy Construction Equipment Market Size, By Propulsion Type, By Value, 2019–2029

Table 21      Italy Construction Equipment Market Size, By Power Output, By Value, 2019–2029

Table 22      France Construction Equipment Market Size, By Value (USD Million), 2019–2029

Table 23      France Construction Equipment Market Size, By Equipment,  By Value, 2019–2029

Table 24      France Construction Equipment Market Size, By Application, By Value, 2019–2029

Table 25      France Construction Equipment Market Size, By Propulsion Type, By Value, 2019–2029

Table 26      France Construction Equipment Market Size, By Power Output, By Value, 2019–2029

Table 27      Spain Construction Equipment Market Size, By Value (USD Million), 2019–2029

Table 28      Spain Construction Equipment Market Size, By Equipment,  By Value, 2019–2029

Table 29      Spain Construction Equipment Market Size, By Application, By Value, 2019–2029

Table 30      Spain Construction Equipment Market Size, By Flow Rate,  By Value, 2019–2029

Table 31      Spain Construction Equipment Market Size, By Power Output,  By Value, 2019–2029

Table 32      Netherlands Construction Equipment Market Size, By Value (USD Million), 2019–2029

Table 33      Netherlands Construction Equipment Market Size, By Equipment,  By Value, 2019–2029

Table 34      Netherlands Construction Equipment Market Size, By Application, By Value, 2019–2029

Table 35      Netherlands Construction Equipment Market Size, By Propulsion Type, By Value, 2019–2029

Table 36      Netherlands Construction Equipment Market Size, By Power Output, By Value, 2019–2029

Table 37      Rest of Europe Construction Equipment Market Size, By Value (USD Million), 2019–2029

Table 38      Rest of Europe Construction Equipment Market Size, By Equipment,  By Value, 2019–2029

Table 39      Rest of Europe Construction Equipment Market Size, By Application, By Value, 2019–2029

Table 40      Rest of Europe Construction Equipment Market Size, By Propulsion Type, By Value, 2019–2029

Table 41      Rest of Europe Construction Equipment Market Size, By Power Output, By Value, 2019–2029

Table 42      Caterpillar Company Overview

Table 43      Caterpillar Financial Overview

Table 44      CNH Industrial N.V. Company Overview

Table 45      CNH Industrial N.V. Financial Overview

Table 46      Doosan Corporation Company Overview

Table 47      Doosan Corporation Financial Overview

Table 48      Escorts Limited Company Overview

Table 49      Escorts Limited Financial Overview

Table 50      Hitachi Construction Machinery Co., Ltd. Company Overview

Table 51      Hitachi Construction Machinery Co., Ltd. Financial Overview

Table 52      Hyundai Construction Equipment Co., Ltd. Company Overview

Table 53      Hyundai Construction Equipment Co., Ltd. Financial Overview

Table 54      J C Bamford Excavators Ltd., Deere & Company. Company Overview

Table 55      J C Bamford Excavators Ltd., Deere & Company. Financial Overview

Market Segmentation

By Equipment

  • Earthmoving Equipment

  1. Loaders

  2. Excavators

  3. Backhoe

  4. Loaders

  5. Compactors

  6. Others

  • Material Handling Equipment

  1. Cranes

  2. Industrial Trucks

  3. Road Rollers

  4. Others

  • Heavy Construction Equipment

  1. Concrete Pumps

  2. Crushers

  3. Transit Mixers

  4. Asphalt Pavers

  5. Batching Plants

  6. Others

By Application

  • Commercial

  • Residential

  • Infrastructure

By Propulsion Type

  • Diesel

  • CNG/LNG/RNG

By Power Output

  • <100 HP

  • 101–200 HP

  • 201–400 HP

  • >400 HP

By Country

  • Germany

  • UK

  • Italy

  • France

  • Spain

  • Netherlands

  • Rest of Europe

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Frequently Asked Questions (FAQs):

Ans: Europe Construction Equipment Market size was estimated at USD 169.81 billion in 2022.
Ans: Major factors driving the growth of the Europe Construction Equipment Market include increasing investments in infrastructure development, increasing equipment rentals, and technological advancements.
Ans: The earthmoving equipment segment accounts for the highest market share in the Europe Construction Equipment Market by equipment.
Ans: The industrial segment dominates the Europe Construction Equipment Market by application.
Ans: Key players in Europe Construction Equipment Market include Caterpillar, CNH Industrial N.V., Doosan Corporation, Escorts Limited, Hitachi Construction Machinery Co., Ltd., Hyundai Construction Equipment Co., Ltd., J C Bamford Excavators Ltd., and Deere & Company.