Global Construction Equipment Market In Europe 2024-2028
The construction equipment market in europe is forecasted to grow by USD 6.7 bn during 2023-2028, accelerating at a CAGR of 3.22% during the forecast period. The report on the construction equipment market in europe provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by increasing government infrastructure investments, increasing urbanization, and growing demand for sustainable construction.
Technavio's construction equipment market in europe is segmented as below:
By Application
- Commercial
- Residential
- Infrastructure
By Product
- Earthmoving equipment
- Material handling equipment
- Concrete equipment
- Road construction equipment
- Others
By Geographical Landscape
This study identifies the increasing demand for electric construction equipment as one of the prime reasons driving the construction equipment market in europe growth during the next few years. Also, digitization and automation in construction equipment and construction equipment rental and leasing will lead to sizable demand in the market.
The report on the construction equipment market in europe covers the following areas:
- Construction equipment market in europe sizing
- Construction equipment market in europe forecast
- Construction equipment market in europe industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading construction equipment market in europe vendors that include AB Volvo, Atlas Copco AB, Caterpillar Inc., CNH Industrial NV, Deere and Co., Doosan Corp., Hitachi Ltd., J C Bamford Excavators Ltd., Kawasaki Heavy Industries Ltd., Kobe Steel Ltd., Komatsu Ltd., Kubota Corp., Liebherr International Deutschland GmbH, Sany Group, Schaeffler AG, Sunward Intelligent Equipment Group, Terex Corp., Xuzhou Construction Machinery Group Co. Ltd., Yanmar Holdings Co. Ltd., and ZEPPELIN GmbH. Also, the construction equipment market in europe analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.