European Construction Equipment Market Is Slated To Grow At Over 6% In The Forecast Period Ranging From 2022 To 2032

Industry Insights

Europe Construction Equipment Market Outlook (2022-2032)

The European construction equipment market is slated to grow at over 6% in the forecast period ranging from 2022 to 2032. As of 2021, the industry was valued at US$ 161 Billion, and is poised to register a Y-o-Y expansion rate of 5.6% in 2022 to reach US$ 170 Billion By 2032, the market is slated to reach US$ 304.43 Billion.

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Key Segments Covered in the Europe Construction Equipment Market Report

  • Europe Construction Equipment Market by Product

    • Earth Moving Construction Machinery
      • Excavator
      • Loader
      • Others
    • Construction Material Handling Machinery
      • Crawler Cranes
      • Trailer Mounted Cranes
      • Truck Mounted Cranes
    • Concrete and Road Construction Machinery
      • Concrete Mixer & Pavers
      • Construction Pumps
      • Others
  • Europe Construction Equipment Market by Country

    • Germany
    • France
    • U.K
    • Italy
    • Nordics
    • Rest of Europe

Competitive Landscape: Top Companies in Construction Equipment Market

The European construction equipment market is a consolidated market with key players such as Liebherr, Volvo Equipment and Wirtgen Group dominating the market. For instance:

  • In 2019, Volvo Construction Equipment announced in an official statement that it will start producing compact electric excavators and wheel loaders: EC 15 to EC 27 electric excavators and L20 to L28 electric wheel loaders
  • In 2020, Dutch company BAM infra built 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. The roller is currently deployed at Almere municipality and it is helping BAM infra to achieve its sustainability goals.

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