COVID Impact On Europe Construction Equipment Market 2020-2025

In Europe, Germany accounted for the largest construction equipment market share in Europe during 2019 and is expected to be the fastest- growing market during the next five years.

In 2020, Dutch company BAM infra built the 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.

With demand for cost effective and environment friendly machines for lower emissions, the traditional construction equipment manufacturers are now opting for hybrid and electric vehicles and technologies rather than the more traditional mechanical and hydraulic ones as they not only produce zero emission but also produce very less heat, noise and vibration.

Tier-5 compliant engines are expected to have the largest market share of construction equipment by emission regulation in 2025.

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There is huge potential for Electric and hybrid equipment manufacturers to take over the market from traditional mechanical and hydraulic ones.

Focus should be on developing new machines and technology to curb emissions as well as heat and noise pollution.

Companies should focus more on penetrating in the fast-growing segments, while maintaining their positions in the slow-growing segments.

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COMPANIES PROFILED
Liebherr Group
JCB Limited
Volvo CE
CNH Industrial NV
Wirtgen Group
Metso Oyj
Atlas Copco Group
Manitou Group
Wacker Neuson SE
Fayat Group
Sandvik Group
Pon Equipment AB

THIS EUROPE CONSTRUCTION EQUIPMENT MARKET REPORT WILL ANSWER FOLLOWING QUESTIONS
1. Europe Construction Equipment Market size and Forecast, by region, by application
2. Average B-2-B price for Europe Construction Equipment Market, by region, per user
3. Technology trends and related opportunity for new Europe Construction Equipment Market tech suppliers
4. Market share of leading vendors, by region,
5. Coronavirus impact on Europe Construction Equipment Market earnings

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Company Name: Mobility Foresights
Contact Person: Kunal Roy
Email: sales@mobilityforesights.com
Phone: +1-315-675-4056
Address: P3&P4, HAL 3rd Stage
City: Bangalore
State: Karnataka

Company Name: Mobility Foresights
Contact Person: Kunal Roy
Email: sales@mobilityforesights.com
Phone: +1-315-675-4056
Address: P3&P4, HAL 3rd Stage
City: Bangalore
State: Karnataka

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This release was published on openPR.