Europe Construction Equipment Market 2022

Europe Construction Equipment Market 2022

Gain an unparalleled competitive advantage in your domain by understanding how to utilize the report and positively impacting your operations and revenue. Include additional segments and countries to customize the report as per your requirement. Receive periodic updates about new market research in areas relevant to your business. Because of these factors, a period of strong growth – during which operators replace outdated machines and invest in new models – is frequently followed by a significant moderation. The construction sector is a critical component of every economy and among the first to develop. Caterpillar offers excavators with technology that calculates real-time payload estimates without swinging to help prevent over- and under-loading trucks.

  • The research study provides the latest information on the market drivers, challenges, and opportunities in the global construction equipment market.
  • Volvo Construction equipment was the second largest player in Germany used construction equipment market in 2021.
  • The emissions generated from this equipment such as nitrogen oxides , volatile organic compounds , and carbon monoxide adversely affect the environment causing environmental imbalance across rural and urban areas.
  • The company’s crawler excavators & wheel loaders were popular in Germany’s used construction equipment market segment in 2021.

A. The end users of heavy construction equipment includes infrastructure, mining, oil & gas, manufacturing and others. A. The heavy construction equipment market is projected to reach $2,73,547.2 million by 2030. Auction companies are upgrading online channels to attract customers, and energy efficiency requirements in the housing industry are some significant trends driving Germany’s used construction equipment market. The key players in Germany used construction equipment market are Caterpillar, Volvo Construction Equipment, Liebherr, Komatsu, JCB, Hitachi Construction Machinery, SANY, XCMG, & Hyundai Construction Equipment. The companies such as Ritchie Bros & Equippo are upgrading their online full-service marketplace for used construction equipment in Europe.

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This factor is estimated to restrain the heavy construction equipment market share during the forecast period. The addition of country-level markets gave the regional and global market, and the addition of country-level value gave the regional and global electric construction equipment market, which was validated by primary respondents. This resulted in the country-level volume of the electric construction equipment market. The ASP by each equipment type for each country was derived from secondary research and validated with primary sources. The ASP of electric construction equipment for different equipment types on the country level was multiplied with the volume figures to derive the country-level market in terms of value . The bottom-up approach was used to estimate and validate the size of the global market and various other dependent sub-markets of the overall electric construction equipment market.

Q5 What Are The Strategies Opted By The Leading Players In This Market?

These emission norms in the country are expected to hamper the demand for diesel-based large used construction equipment. The country’s construction industry is expected to thrive in 2022 due to ongoing construction and renovation projects. However, the manufacturing industry’s growth is expected to be hampered due to reduced raw material supply and declining industrial production output.