Industry Reports Services Press Release
  •   Blogs
  • Contact us About us

    Europe Construction Equipment Market Size, By Product (Earthmoving & Road Building Equipment [Backhoes, Excavators, Loaders, Compaction Equipment, Others], Material Handling & Cranes [Storage & Handling Equipment, Engineered Systems, Industrial Trucks, Bulk Material Handling Equipment], Concrete Equipment [Concrete Pumps, Crushers, Transit Mixers, Asphalt Pavers, Batching Plants]) Industry Analysis Report, Regional Outlook (UK, Germany, France, Italy, Russia), Growth Potential, Competitive Market Share & Forecast, 2020 – 2026
    Published Date: October 2020   |   Report ID: GR1445   |   Delivery: PDF  Request Free Sample

    Europe Construction Equipment Market Share was around USD 34 billion in 2019 and is expected to grow at a CAGR of 3.5% from 2020 to 2026.

    Europe Construction Equipment Market

    Get more details on this report - Request Free Sample PDF

    The European market is driven by the changing technology landscape and the amplifying trend of automation in the construction industry. The region is expected to witness a growing demand for electric and autonomous construction equipment due to the shifting focus toward technologically advanced machines in the construction industry. Companies are introducing improved construction machinery in the market to reduce diesel engine exhaust emissions in compliance with stringent EU emission regulations. For instance, in February 2020, Volvo CE launched its new compact electric excavator and wheel loader, ECR25 across its key markets in Europe including France, Germany, the UK, and the Netherlands.

    Strong investments in the R&D sector by key manufacturers of construction equipment, such as Liebherr, Schwing Stetter, Putzmeister, Wirtgen, ZF, and Thyssenkrupp AG, are supporting industry growth in Europe. For instance, in 2019, Thyssenkrupp AG spent approximately USD 384.9 million on research & innovation programs. The rising R&D initiatives have led to the launch of several new technologically advanced construction equipment models in the market, further contributing to the growth of construction equipment market size until 2026.

    The rapidly spreading COVID-19 health crisis has affected the global economy on a large-scale. Stringent lockdowns announced by several countries across the globe have resulted in a temporary suspension of construction activities. The pandemic has also led to financial insecurities among consumers in Europe owing to which the demand for new residential properties is sharply declining. Construction contractors and companies operating in the infrastructure development sector are postponing the purchases of new construction equipment, thereby hampering industry growth in 2020.

    The material handling & cranes segment is anticipated to witness a rapid growth rate in the European construction equipment market owing to an attractive economic landscape and significant demand for goods movement. Furthermore, the need for a safe working environment in industrial facilities in European countries will fuel the demand for cranes and other material handling equipment. The increasing adoption of bulk-material handling equipment for fast completion of large construction projects is augmenting equipment demand in Europe.

    Companies operating in the industry include Liebherr Group, AB Volvo, J.C. Bamford Excavators Limited, Deere & Co., Palfinger AG, Wacker Neuson, Komatsu Ltd., and Caterpillar, Inc. These players are focusing on strategic partnerships with other industry players to enhance their market share. For instance, in July 2020, The Liebherr Components, a division of Liebherr Group, announced a strategic partnership with Reycom to develop next-generation industrial and connected IoT solutions for construction equipment.

    Frequently Asked Question(FAQ) :

    What is the anticipated growth for the Europe Construction Equipment Market share during the forecast period?
    The industry share of Europe Construction Equipment is projected to witness more than 3.5% growth rate during 2020 to 2026.
    Which factor to drive the Europe Construction Equipment Market?
    Changing technology landscape and the amplifying trend of automation in the construction industry to drive the market.
    Which are the prominent players in the market?
    Companies operating in the Europe construction equipment market include Liebherr Group, AB Volvo, J.C. Bamford Excavators Limited, Deere & Co., Palfinger AG, Wacker Neuson, Komatsu Ltd., and Caterpillar, Inc.

    Get this research report on Europe Construction Equipment Market customized according to your business requirements.

    report-purchase - logo Buy Now

    Why Choose us?

    • on-time delivery On-Time Delivery

      We commit to on-time delivery of reports to keep you ahead.

    • assured quality Assured Quility

      With a wide network of industry experts and trained in-house analysts, we assure best service quality.

    • Custom Research Service

      We offer research services to meet specific client requirements and provide them with actionable insights on target markets.

    • payment security Payment Security

      Our safe payment gateway gives you full control of your personal data, at all times.

    Connect with our sales team


     [email protected]