Europe Construction Equipment Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)

The Europe Construction Equipment Market is segmented by Machinery Type (Cranes, Telescopic Handling, Excavator, Loaders and Backhoe, Motor Grader and Others), Drive Type (IC Engine and Electric & Hybrid), and Country.

Europe Construction Equipment Market Snapshot

Europe Construction Equipment Market
Study Period: 2018 - 2026
Base Year: 2020
CAGR: >6 %

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Market Overview

The construction equipment market in Europe is expected to exhibit a growth rate of over 6% during the forecast period 2020-2025.

  • To fight major problems like traffic congestion, population explosion, high manufacturing costs and ageing transportation infrastructure, developing economies are now investing heavily in infrastructure development. Developed economies are focusing on improving their current infrastructure by investing in technologies such as earthquake proof buildings, hyperloop, etc. These factors are boosting the sales of construction machinery market across the globe.
  • The demand for machines that are cost-effective, along with regulatory pressures for lower emissions, is pressurizing construction-equipment manufacturers to opt for electric and hybrid vehicles over the traditional hydraulic and mechanical ones.
  • The construction industry is getting smarter. Digitalization, connectivity, and automation are driving the development forward, leaving a substantial impact on construction projects. Tech company Iotic, construction company BAM Nutall of UK and researchers from Cranfield University have developed an AI based twin technology system that gives live updates of the progress at construction site. This technology increases on site productivity and operational efficiency.

Scope of the Report

The Europe Construction Equipment Market covers the latest trends and technological development in the European construction equipment, demand of the machinery type, drive type, countries and market share of major construction equipment manufacturers in Europe.

Machinery Type
Cranes
Telescopic Handling
Excavator
Loaders and Backhoe
Motor Graders
Others
Drive Type
IC Engine
Electric & Hybrid
Geography
Germany
United Kingdom
France
Russia
Spain
Rest of Europe

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Key Market Trends

Electrification of Construction Equipment

Increase in construction activities across the globe has resulted in increased consumption of diesel. Although diesel has high energy content compared to gasoline but its combustion releases dangerous exhausts into the environment. Governments and pollution regulatory bodies across Europe has established norms and regulations that requires diesel engines to produce almost negligible NOx and SOx emissions. This has opened the doors for OEMs to switch to hybrid and complete electric vehicles in the future. Electric construction equipments are not only zero emission machines but also produces very less heat, noise and vibrations.

Electric construction equipments use fewer parts compared to diesel equipments and use of electricity brings down the total cost of operations both for rental company and customer.

Many key construction equipment manufacturers across the globe have launched their electric construction equipments.

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. 

Europe Construction Equipment Market

Infrastructure development on the rise

Construction industry contributes more than 9% to European Union's current GDP. Europe is witnessing a major growth in construction owing to the rapid development in transport infrastructure. Projects such as London Crossrail (worth more than EUR 17 billon) and Germany and Denmark's Fehmarn Belt Fixed Link which is 18 kilometers long world's longest immersed road and rail tunnel are driving the growth of market. Europe ranks top in the usage of wheeled excavators, when compared to the United States. As most of the work done in Europe takes place in urbanized areas, while in the United States, work projects included majorly clearing land and digging. In Europe, demand for construction equipment grew in almost every country after the economic slowdown during 2008-10. This can be credited to the factors such as residential construction activities in Germany and France and low interest rates and infrastructure development in South European nations. The big city plan will increase the size of Birmingham city of England by 25%. With an estimated cost of USD 17 billion, this plan aims at constructing 5000 new houses and revamping of New Street Station at an estimated cost of 600 million euros.

Europe Construction Equipment Market

Competitive Landscape

The European construction equipment market is a consolidated one with players such as Liebherr, Volvo Equipment etc. dominating the market.

In 2019, Volvo Construction Equipment announced in a 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 will be in production from mid 2020.

Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Assumptions

    2. 1.2 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Market Drivers

    2. 4.2 Market Restraints

    3. 4.3 Industry Attractiveness - Porter's Five Force Analysis

      1. 4.3.1 Threat of New Entrants

      2. 4.3.2 Bargaining Power of Buyers/Consumers

      3. 4.3.3 Bargaining Power of Suppliers

      4. 4.3.4 Threat of Substitute Products

      5. 4.3.5 Intensity of Competitive Rivalry

  5. 5. MARKET SEGMENTATION

    1. 5.1 Machinery Type

      1. 5.1.1 Cranes

      2. 5.1.2 Telescopic Handling

      3. 5.1.3 Excavator

      4. 5.1.4 Loaders and Backhoe

      5. 5.1.5 Motor Graders

      6. 5.1.6 Others

    2. 5.2 Drive Type

      1. 5.2.1 IC Engine

      2. 5.2.2 Electric & Hybrid

    3. 5.3 Geography

      1. 5.3.1 Germany

      2. 5.3.2 United Kingdom

      3. 5.3.3 France

      4. 5.3.4 Russia

      5. 5.3.5 Spain

      6. 5.3.6 Rest of Europe

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Vendor Market Share

    2. 6.2 Company Profiles

      1. 6.2.1 Liebherr Group

      2. 6.2.2 JCB Limited

      3. 6.2.3 Volvo CE

      4. 6.2.4 CNH Industrial NV

      5. 6.2.5 Wirtgen Group

      6. 6.2.6 Metso Oyj

      7. 6.2.7 Wirtgen Group

      8. 6.2.8 Atlas Copco Group

      9. 6.2.9 Manitou Group

      10. 6.2.10 Wacker Neuson SE

      11. 6.2.11 Fayat Group

      12. 6.2.12 Sandvik Group

      13. 6.2.13 Pon Equipment AB

    3. *List Not Exhaustive
  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

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Frequently Asked Questions

The Europe Construction Equipment Market market is studied from 2018 - 2026.

The Europe Construction Equipment Market is growing at a CAGR of >6% over the next 5 years.

Liebherr Group, Joseph Cyril Bamford Excavators Ltd., Volvo CE, CNH Industrial NV, Wirtgen Group are the major companies operating in Europe Construction Equipment Market.

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