Published: March 2022 | Report Code: 12274 | Available Format: PDF | Pages: 476
Europe Construction equipment and material handling machinery market size was $48,411.6 million in 2021, and it is expected to advance at a CAGR of 5.1% during 2021–2030. Some of the major factors driving the industry include the increasing labor cost in the construction sector, rising demand for modular and offsite buildings, surging investments in infrastructure, and rapid development of smart cities. So, it is expected that the construction equipment industry outlook will grow in Europe during the forecast period.
The effects of COVID-19 were wide and varied on the market in the pandemic time. This was due to the shortage of workforce, disruption of supply chains of materials and machinery, legal disputes regarding late payment, and delay and rescheduling of projects, across the world.
In the European construction & material handling machinery market, earthmoving machinery held around 45% market share in 2021. Growing infrastructure projects, such as railways, dams, highways, bridges, and roads, in developing countries, are propelling the demand for earthmoving equipment, such as excavators and loaders.
The demand for construction and material handling equipment from rental companies is expected to observe a higher CAGR of 5.0% during the forecast period. This is because customers have a better understanding of the advantages of using rental equipment. They can save money by using rental services and have access to modern and technologically advanced equipment. It also provides flexibility and implies less capital expenditure. A key trend in the construction & material handling machinery market is that OEMs rent out construction equipment or invest in rental companies. For instance, excavators and wheel loaders of Hitachi Construction Machinery are now available for rent in Europe via its dealer network, under the Hitachi Premium Rental initiative.
Report Attribute | Details |
Historical Years |
2017–2021 |
Forecast Years |
2022-2030 |
Market Size in 2021 |
$48,411.6 Million (Estimated) |
Revenue Forecast in 2030 |
$75,436.3 Million |
Growth Rate |
5.1% CAGR |
Report Scope |
Market Trends, Drivers, and Restraints; Revenue Estimation and Forecast; Segmentation Analysis; Impact of COVID-19; Business Model of OEMs; Aftermarket Industry; Companies’ Strategic Developments; Market Share Analysis of Key Players; Company Profiling |
Segments Covered |
By Type; By End Use; By Costumer; By Propulsion Type; By Country |
Countries Covered |
Germany; U.K.; France; Italy; Spain; Russia; Netherlands; Poland; Switzerland; Belgium and Luxembourg |
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The residential housing sector held over 40% market share in 2021. The demand for affordable housing in Europe is continuously rising and governing bodies are increasingly implementing measures to address the citizen’s needs. The reduction of the VAT rate for the purchase or construction of a new dwelling is commonly implemented in European Union member states. For instance, as per the U.K. government’s First Homes Scheme, first-time buyers will be able to purchase a new-build home in their community at a discount of 30% on the market price.
The demand for electric construction equipment is growing at a higher pace in the European construction & material handling machinery market. For instance, the French Ministry of Ecological and Inclusive Transition stated that the construction industry accounts for around 44% of the energy consumption in France and about 25% of the country’s CO2 emissions.
The European construction & material handling machinery market report offers comprehensive market segmentation analysis along with market estimation for the period 2017–2030.
Based on Type
Based on End Use
Based on Customer
Based on Propulsion Type
Geographical Analysis
In 2030, the value of the European construction & material handling machinery market will be $75,436.3 million.
Earthmoving equipment is the largest category under the type segment of the European construction & material handling machinery industry.
The major European construction & material handling machinery market drivers are the advancements in technologies of equipment, surge in infrastructure investments, and rapid development of smart cities.
Germany is the largest and the fastest-growing construction & material handling machinery market in Europe.
Most European construction & material handling machinery market players are adopting mergers and acquisitions strategies to sustain their business growth.
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