Europe Construction Equipment Market To Reach US$ 170 Billion By 2032

The European construction equipment market is expected to grow at a rate of more than 6% between 2022 and 2032. As of 2021, the industry was valued at US$ 161 billion, with a 5.6% year-on-year growth rate expected in 2022 to reach US$ 170 billion. The market is expected to reach US$ 304.43 billion by 2032.

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Competitive Landscape

The European construction equipment market is highly consolidated, with dominant players such as Liebherr, Volvo Equipment, and Wirtgen Group. As an example:

• Volvo Construction Equipment announced in an official statement in 2019 that it will begin producing compact electric excavators and wheel loaders ranging from EC 15 to EC 27 and L20 to L28.
• In 2020, the Dutch company BAM infra will build the world's first electric road roller, capable of saving more than 70 litres of fuel per day and reducing 236 kilogrammes of CO2 per day. The roller is currently deployed in Almere municipality, assisting BAM infra in meeting its sustainability targets.

Key Segments Covered in the Europe Construction Equipment Market Report

• Europe Construction Equipment Market by Product
o Earth Moving Construction Machinery
 Excavator
 Loader
 Others
o Construction Material Handling Machinery
 Crawler Cranes
 Trailer Mounted Cranes
 Truck Mounted Cranes

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•
o Concrete and Road Construction Machinery
 Concrete Mixer & Pavers
 Construction Pumps
 Others

• Europe Construction Equipment Market by Country
o Germany
o France
o U.K
o Italy
o BENELUX
o Nordics
o Rest of Europe

How is Germany expected to contribute to the growth of the European construction equipment market?

According to Fact.MR, Germany is expected to emerge as a key player in the European construction equipment market, with a 36% market share by 2021. Germany is expected to record a value CAGR of 6.3% between 2022 and 2032, according to the report. A revitalised construction industry is likely to be the driving force behind growth.

In 2019, Germany's construction industry generated approximately €430 billion in output; approximately 2 million people worked in the construction industry and building completion work. Furthermore, additional sales of € 151 billion are expected in 2022, representing a 5.5% increase over 2021.

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Region-wise Insights

Which U.S. regions have the highest demand for electronic health record solutions?
The West Europe Construction Equipment Market dominates the United States electronic health records market, accounting for 26.7% of the total, and is expected to grow at a 4.9% CAGR through 2032.
The South-West United States electronic health records market comes in second, with a 24.3% share. The segment is expected to grow at a 4.5% annual rate during the assessment period.
Growth in both of these regional markets is attributed to factors such as the healthcare sector's augmented digitalization process, as well as favourable government policies and regulatory scenarios, such as the Cures Act, which are assisting regional market demand growth for digital medical information systems.

Global Europe Construction Equipment Market report readers are expected to be able to know the following details:

• Which kind of opportunities will emerge in the market over the forecast period? Where will these emerge and how will players strive to tap into them?
• Which trends and drivers will be most significant over the forecast period and which factors will limit global Europe Construction Equipment Market growth?
• Which products and end-users will lay claim to a huge share of the market revenue over the forecast period?
• Which regions will emerge as lucrative markets?
• Which government policies will help players grow steadily and where will research and development play a key role?

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This analytical research study imparts an all-inclusive assessment on the market, while propounding historical intelligence, actionable insights, and industry-validated & statistically-upheld market forecast.

Critical insights enclosed in the report:

• In-depth assessment of the leading market players in the Europe Construction Equipment Market
• The regional analysis of the different market segments and sub-segments
• Recent mergers, acquisitions, collaborations, partnerships, and R&D activities.
• SWOT analysis of the prominent players in the Europe Construction Equipment Market
• Y-o-Y revenue growth of the Europe Construction Equipment Market during the forecast period

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