Europe Construction Equipment Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

The Report Covers Europe Heavy Construction Equipment Market Share & Trends and it is Segmented by Machinery Type (Cranes, Telescopic Handling, Excavator, Loaders and Backhoe, Motor Grader, and Others), Drive Type (IC Engine and Electric & Hybrid), and by Country (Germany, United Kingdom, France, Russia, Spain, and Rest of Europe). The report offers market size and forecasts for Europe Construction Equipment in value (USD Billion) for all the above segments.

Europe Construction Equipment Market Size

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Europe Construction Equipment Market Summary
Study Period 2020 - 2029
Base Year For Estimation 2023
Forecast Data Period 2024 - 2029
Historical Data Period 2020 - 2022
CAGR > 6.00 %
Market Concentration High

Major Players

Europe Construction Equipment Market Major Players

*Disclaimer: Major Players sorted in no particular order


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Europe Construction Equipment Market Analysis

The Europe Construction Equipment Market was valued at USD 7 billion and is expected to reach USD 10 Billion over the next five years, registering a CAGR of over 6% during the forecast period.

The COVID-19 pandemic hurt the market. Construction activity had naturally come to a halt due to the global shutdown caused by lockdown and social distancing norms implemented worldwide. Although construction equipment was no longer in use, some of it was still useful in the mining sector, which faced European restrictions. This prevented the industry from bankruptcy, but the economic consequences were severe. However, the industry is expected to rebound with the increased demand for sustainable construction and mining following the pandemic and new product launches by the players. For instance,

  • September 2022: Mitsubishi Fuso Truck and Bus Corporation (MFTBC) has introduced t The Next Generation eCanter is now available in 42 different configurations. The PTO (power take-off) unit allows the eCanter to operate as a tow truck, tipper, or with rear cranes to support construction businesses. IAA Transportation's Next Generation eCanter.

Developing economies are investing heavily in infrastructure development to combat major issues such as traffic congestion, population growth, high manufacturing costs, and aging transportation infrastructure. Developed economies are investing in technologies such as earthquake-proof buildings, hyperloop, and so on to improve their current infrastructure. These factors are boosting the global construction machinery market's sales.

The demand for cost-effective machines, combined with regulatory pressures for lower emissions, is pressuring construction-equipment manufacturers to choose electric and hybrid vehicles over traditional hydraulic and mechanical vehicles. As a result, progress in the electrification of construction equipment is accelerating. For instance,

  • March 2022: Mack Trucks has expanded its medium-duty offering by announcing the Allison 3000 RDS transmission availability for Mack MD Series models. With a higher Gross Combination Weight Rating (GCWR), the Allison 3000RDS transmission provides greater versatility for customers in 4x2 refuse, tank, and dump applications, allowing customers to drive the Mack MD Series model and pull utility trailers with small excavators.

Europe Construction Equipment Market Trends

This section covers the major market trends shaping the Europe Construction Equipment Market according to our research experts:

Electrification of Construction Equipment

An increase in construction activities across the globe has resulted in increased diesel consumption. Although diesel has a higher energy density than gasoline, its combustion releases dangerous exhausts into the environment. Governments and pollution regulatory bodies across Europe have established regulations requiring diesel engines to produce almost negligible NOx and SOx emissions. For instance,

  • October 2022: According to the European Commission, the new Euro 7 standards will result in cleaner vehicles on the road and better air quality. It also helps the Commission meet the new stricter air quality standards proposed. The limits will be tightened for lorries and buses, while the lowest existing limitations for cars and vans will now apply regardless of the fuel used by the vehicle. The new rules also set emission limits for previously unregulated pollutants, such as nitrous oxide emissions from heavy-duty vehicles.

Electric construction equipment is a zero-emission machine and produces very little heat, noise, and vibrations. This has opened the doors for OEMs to switch to hybrid and pure electric vehicles in the future. The market for electric construction equipment is growing steadily, with nearly half of 2022 launches being electric and as many as 140 non-combustion machines introduced in the last 14 months. So far, in 2022, 860 devices have been updated, with approximately 75 being entirely new products. Thirty-six of them are powered by electricity.

Electric construction equipment uses fewer parts than diesel equipment, and the use of electricity brings down the total cost of operations for both the equipment provider and the customer. Key construction equipment manufacturers across the globe have launched their electric construction equipment to mitigate the use of conventional fuel vehicles, in line with their sustainability policies.

Europe Construction Equipment Market: Construction Equipment Sales in Europe - Volume Share (in %), by Country, 2021

Infrastructure Development on Rise

The 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 of transport infrastructure. Projects such as the London Crossrail (worth more than EUR 17 billion) 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 the 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, 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 New Street Station at an estimated cost of 600 million euros.

Also, the construction industry is getting smarter. Digitalization, connectivity, and automation are driving development forward, leaving a substantial impact on construction projects. Tech companies like Iotic, construction company BAM Nutall of the UK and researchers from Cranfield University have developed an AI-based twin technology system that gives live updates of the progress at the construction site. This technology increases on-site productivity and operational efficiency while leaving behind, a minimal carbon footprint, and a considerably lower environmental impact.

Europe Construction Equipment Market: Europe Construction Equipment Market- Revenue Share (in %), by Country, 2021

Europe Construction Equipment Industry Overview

The European construction equipment market is consolidated, with players such as Liebherr, Volvo Equipment, etc., dominating the market. New products to improve the operational efficiency of the entire industry, which are being developed with partnerships with other companies, have been on the rise lately.

  • August 2022: At Bauma 2022, XCMG displayed its largest exhibition, including a new fully electric all-terrain crane, excavator, and loader. The most recent products are expected to provide competitive advantages in large-capacity batteries, fast charging, and zero emissions.

Europe Construction Equipment Market Leaders

  1. Liebherr Group

  2. Volvo CE

  3. CNH Industrial NV

  4. JCB

  5. Wirtgen Group

*Disclaimer: Major Players sorted in no particular order

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Europe Construction Equipment Market News

  • June 2022: Hitachi Construction Machinery Tierra Co., Ltd., a subsidiary of Hitachi Construction Machinery Co., Ltd., will begin accepting orders for the ZX55U-6EB battery-powered mini excavator (5-tonne class) in Europe.
  • January 2022: Volvo offers five electric models. It has recently launched three excavators and two loaders. These are available in the United States and Europe, and 300 machines have already been delivered.
  • June 2021: Liebherr announced the transfer of its rental business of tower cranes for construction in Ile-de-France to Hexagone Services S.A.S. The company expects to strengthen its rental business further and expand its market position.

Europe Construction Equipment Market Report - Table of Contents


    1. 1.1 Study Assumptions

    2. 1.2 Scope of the Study




    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 (Market Size in USD Billion)

    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 Country

      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


    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 Metso Oyj

      6. 6.2.6 Wirtgen Group

      7. 6.2.7 Atlas Copco Group

      8. 6.2.8 Manitou Group

      9. 6.2.9 Wacker Neuson SE

      10. 6.2.10 Fayat Group

      11. 6.2.11 Sandvik Group

      12. 6.2.12 Pon Equipment AB


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Europe Construction Equipment Industry Segmentation

Heavy-duty vehicles specially designed for construction tasks, most commonly earthwork operations, are called construction equipment.

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 by Country (Germany, United Kingdom, France, Russia, Spain, and Rest of Europe).

Machinery Type
Telescopic Handling
Loaders and Backhoe
Motor Graders
Drive Type
IC Engine
Electric & Hybrid
United Kingdom
Rest of Europe
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Europe Construction Equipment Market Research FAQs

The Europe Construction Equipment Market is projected to register a CAGR of greater than 6% during the forecast period (2024-2029)

Liebherr Group, Volvo CE, CNH Industrial NV, JCB and Wirtgen Group are the major companies operating in the Europe Construction Equipment Market.

The report covers the Europe Construction Equipment Market historical market size for years: 2020, 2021, 2022 and 2023. The report also forecasts the Europe Construction Equipment Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.

The key considerations for companies looking to enter the Europe Construction Equipment Rental Market are a) Understanding local regulations b) Competition analysis c) Establishing strong distribution networks

Europe Construction Equipment Industry Report

The Europe Construction Equipment Market is on the rise, fueled by the demand for sustainable construction and the green transition. With a surge in earthmoving equipment needs due to infrastructural development and urban projects, the market is embracing electric and hybrid machinery to reduce carbon emissions. Digitalization, Artificial Intelligence (AI), and Internet of Things (IoT) are revolutionizing construction sites, improving efficiency and safety, despite regulatory challenges. Construction equipment manufacturers and construction tools companies are pivotal, driving innovation and sustainability. The offline channel dominates, but online sales are gaining traction, reflecting changing purchasing habits. With a focus on innovation and digital transformation, the market offers growth opportunities for manufacturers and suppliers. Statistics from Mordor Intelligence™ highlight the market's expansion, forecasting continued growth. For detailed insights, download a free report PDF sample on the Europe Construction Equipment market analysis, including market share, size, and revenue growth rate.

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Europe Construction Equipment Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)