Europe Construction Equipment Market

Europe Construction Equipment Market by Product (Earth Moving Machinery, Construction Material Handling Machinery, Concrete and Rail Construction Machinery), by Country - European Market Insights 2022 to 2032

Analysis of Europe Construction Equipment market covering 30 + countries including analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more

Europe Construction Equipment Market Outlook (2022 to 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.

Report Attributes Details
Europe Construction Equipment Market Size (2021A) US$ 161 Billion
Estimated Market Value (2022E) US$ 170 Billion
Forecasted Market Value (2032F) US$ 304.43 Billion
Europe Market Growth Rate (2022 to 2032) 6% CAGR
Germany Market Share (2021) 36%
Germany Growth Rate (2022 to 2032) 6.3% CAGR
Key Companies Profiled Liebherr Group; Joseph Cyril Bamford Excavators Ltd.; Volvo CE; CNH Industrial NV; Wirtgen Group

The construction industry contributes over 9% to EU current GDP. The transportation infrastructure sector is witnessing a boom in Europe construction industry. A slew of stalled projects and pristine apartments mushrooming in the European cities were factors causing a spurt in demand for construction equipment.

Don't Need a Global Report?

save 40%! on Country & Region specific reports

Europe Construction Equipment Historical Analysis (2015 to 2021) vs Growth Forecast (2022 to 2032)

According to market research and competitive intelligence provider Fact.MR, the demand for construction equipment expanded at a 5.8% CAGR between 2015 and 2021. This slump in outlook is largely attributed to an overall slowdown in the construction industry, partly due to the COVID-19 pandemic.

In 2020, construction activity was negatively impacted by the COVID-19 outbreak. As a result of the rapid spread of COVID-19 infections, construction activity worldwide was stalled indefinitely. Supply chain disruptions and temporary downing of shutters of dealer stores caused new purchases to be halted for Original Equipment Manufacturers (OEMs). In 2021, however a resumption of construction activity for halted and new projects caused a massive spurt in demand for construction equipment in 2021.

Furthermore, housing rates were further slashed, which led to an escalation in demand for residences, thereby driving up equipment demand. In addition, as business revert to normalcy, European construction players are resuming operations in full swing, paving way for equipment manufacturers to invest in the region. From 2022 to 2032, the market is expected to flourish 1.8x.

Prominent Drivers Influencing the Construction Equipment Market across Europe

Increase in Infrastructure Investments post the COVID-19 Pandemic

Construction is among the significantly impacted industries due to the COVID-19 pandemic. Sales of construction equipment have fallen globally. Factors impacting construction equipment manufacturers include investments in infrastructure, residential, commercial, and industrial construction, mine and well construction, and institutional spending.

Countries such as the U.K and Germany are among the significantly affected countries. However, there is significant demand for projects such as hospitals and other medical facilities, laboratories, and shipping and logistics infrastructure. In addition, some countries have begun moderately reopening activities across sectors, including the construction industry.

Incorporation of Electric and Autonomous Construction Equipment to attract Major Investments

Electrification is shaping the construction equipment market and offering significant opportunities and design possibilities. Electrification has been increasing in most market segments such as cars, buses, etc., including construction equipment. This has been made possible as advanced technologies are increasingly mature and affordable as they are also increasing regulations on emissions that have changed the future of the construction equipment industry.

Several cities around the world have announced bans on the use of diesel within city limits, impacting the operation of construction equipment in these cities. Also, stricter emission regulations are being implemented for heavy machinery and equipment on the global, regional, and local levels in European countries.

The emission and noise-pollution standards implemented by these regulations can be easily overcome with the use of electric construction equipment. This offers opportunities for construction manufacturers for the introduction of electric variants of existing/new products in the market.

More Insights, Lesser Cost (-50% off)

Insights on import/export production,
pricing analysis, and more – Only @ Fact.MR

Key Challenges Impacting Construction Equipment Uptake across Europe

Lack of Harmonized Emission Regulations may Limit Uptake of Certain Equipment

The Global Technical Regulation (GTR) aims at providing a worldwide harmonized method to determine the levels of emissions of gaseous compounds, particulate matter, particle number, CO2 emissions, fuel consumption, electric energy consumption, and electric range from light-duty vehicles. Regulatory authorities have been under pressure from engine and equipment manufacturers to harmonize worldwide emission standards in order to streamline engine development and emission type approval/certification for different markets.

Likewise, the California Air Resources Board (CARB) has harmonized the California GHG standards with the EPA Federal standards so that a manufacturer may elect to demonstrate compliance with the requirements in California by demonstrating compliance with the 2017 through 2025 My National greenhouse gas program, i.e., complying with the federal regulations will be deemed to be in compliance with the California regulations.

The European Commission has proposed the world’s toughest emission standards for non-road mobile machinery (NRMM), such as inland waterway vessels, construction equipment, railroad engines and off-road recreational vehicles. The Stage V standards adopted by the EU Parliament in July 2016 and published in the Official Journal of the EU as Regulation (EU) 2016/1628 in September 2016 have increased restrictions on non-road engines and equipment and implemented stricter limits on emissions of particulate matter (PM). These changes, along with the newly proposed particle number (PN) limits, are expected to lead manufacturers to equip non-road engines of between 19 kW and 560 kW with diesel particulate filters. The Stage V emission standards were phased in as early as 2018 for the approval of new engine types and in 2019 for all sales.

The rules are expected to replace an existing, multi-layered legal framework in Europe with one overarching regulation. Therefore, it is difficult for construction equipment manufacturers to entirely meet the latest emission regulations for different countries around the world. It becomes a challenge for them in terms of engine technologies, design, and associated costs.

Country-wise Insights

How is Germany expected to contribute to Market Growth of Construction Equipment in Europe?

According to Fact.MR, Germany is expected to emerge as an important player in the European construction equipment market, accumulating a market share of 36% as of 2021. During the 2022 to 2032 period of assessment, the report expects Germany to document a value CAGR worth 6.3%. A resurgent construction industry is likely to be the determining factor spearheading growth.

In 2019, Germany’s construction industry generated an output of roughly €430 Billion; approximately 2 million people had a job in the construction industry proper and in building completion work. Furthermore, as of 2022, additional sales of € 151 Billion are anticipated, reflecting a 5.5% increase compared to 2021.

With the country gradually emerging from the recessionary downswing induced by the COVID-19 pandemic, a slew of infrastructure projects are in the pipeline. Out of all planned projected, the following five are identified as the most lucrative: Krampnitz Housing Development (US$ 1,831 Million), Ostendstraße 1-14 Commercial Buildings (US$ 1,293 Million), the B 247 Highway: Mühlhausen to Bad Langensalza (US$ 618 Million), the Messeeingang Sparda Bank Tower Mixed-Use Complex (US$ 200 Million) and the Elements Mixed-Use Development project (US$ 186 Million). Such projects will provide immense growth opportunities for key construction equipment players across the country.

Know thy Competitors

Competitive landscape highlights only certain players
Complete list available upon request

Category-wise Insights

By Product, which Construction Equipment Category is expected to Dominate?

As of 2022, the earthmoving machinery segment is poised to account for over 59% of total market revenue. As infrastructure projects proliferate worldwide, manufacturers and contractors are adopting conventional heavy-duty excavators to build dams and roads, leading to moderate growth of the excavators sub-segment during the forecast period.

Increase in construction work has resulted in increased consumption of diesel. Compared to gasoline, diesel is more economical, but is unsafe for the environment. Policy makers across Europe have put in place regulations that requires diesel engines to produce almost negligible NOx and SOx emissions. This has forced Original Equipment Manufacturers (OEMs) to switch to hybrid and complete electric vehicles in the future. Electric construction equipment are not only zero emission machines but also produce very less heat, noise and vibrations.

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.

Key Segments Covered in the Europe Construction Equipment Market Report

  • 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
  • By Country

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

Table of Content

  • 1. Executive Summary
  • 2. Market Overview
  • 3. Market Risks and Trends Assessment
  • 4. Market Background and Foundation Data Points
  • 5. Key Success Factors
  • 6. Europe Market Demand Analysis 2015 to 2021 and Forecast, 2022 to 2032
  • 7. Europe Market Value Analysis 2015 to 2021 and Forecast, 2022 to 2032
  • 8. Europe Market Analysis 2015 to 2021 and Forecast 2022 to 2032, By Product Type
    • 8.1. Earth Moving Machinery
      • 8.1.1. Excavator
      • 8.1.2. Loader
      • 8.1.3. Others
    • 8.2. Material Handling Machinery
      • 8.2.1. Crawler Cranes
      • 8.2.2. Trailer Mounted Cranes
      • 8.2.3. Truck Mounted Cranes
    • 8.3. Concrete and Road Construction Machinery
      • 8.3.1. Concrete Mixer & Pavers
      • 8.3.2. Construction Pumps
      • 8.3.3. Others
  • 9. Europe Market Analysis 2015 to 2021 and Forecast 2022 to 2032, By Country
    • 9.1. Germany
    • 9.2. U.K
    • 9.3. France
    • 9.4. Italy
    • 9.5. BENELUX
    • 9.6. Nordics
    • 9.7. Rest of Europe
  • 10. Germany Market Analysis 2015 to 2021 and Forecast 2022 to 2032
  • 11. France Market Analysis 2015 to 2021 and Forecast 2022 to 2032
  • 12. U.K Market Analysis 2015 to 2021 and Forecast 2022 to 2032
  • 13. Italy Market Analysis 2015 to 2021 and Forecast 2022 to 2032
  • 14. BENELUX Market Analysis 2015 to 2021 and Forecast 2022 to 2032
  • 15. Nordics Market Analysis 2015 to 2021 and Forecast 2022 to 2032
  • 16. Rest of Europe Market Analysis 2015 to 2021 and Forecast 2022 to 2032
  • 17. Competition Analysis
    • 17.1. Caterpillar
    • 17.2. CNH Industrial N.V.
    • 17.3. Doosan Corporation
    • 17.4. Escorts Limited
    • 17.5. Hitachi Construction Machinery Co., Ltd.
    • 17.6. Hyundai Co., Ltd.
    • 17.7. J C Bamford Excavators Ltd.
    • 17.8. Deere & Company
    • 17.9. Kobelco Construction Machinery Co., Ltd.
    • 17.10. Komatsu Ltd.
  • 18. Assumptions and Acronyms Used
  • 19. Research Methodology

Don't Need a Global Report?

save 40%! on Country & Region specific reports

List Of Table

Table 1: Europe Market Value (US$ Mn), By Product Type, 2015 to 2021

Table 2: Europe Market Value (US$ Mn), By Product Type, 2022 to 2032

Table 3: Germany Market Value (US$ Mn), By Product Type, 2015 to 2021

Table 4: Germany Market Value (US$ Mn), By Product Type, 2022 to 2032

Table 5: France Market Value (US$ Mn), By Product Type, 2015 to 2021

Table 6: France Market Value (US$ Mn), By Product Type, 2022 to 2032

Table 7: Italy Market Value (US$ Mn), By Product Type, 2015 to 2021

Table 8: Italy Market Value (US$ Mn), By Product Type, 2022 to 2032

Table 9: BENELUX Market Value (US$ Mn), By Product Type, 2015 to 2021

Table 10: BENELUX Market Value (US$ Mn), By Product Type, 2022 to 2032

Table 11: Nordics Market Value (US$ Mn), By Product Type, 2015 to 2021

Table 12: Nordics Market Value (US$ Mn), By Product Type, 2022 to 2032

Table 13: Europe Market Incremental $ Opportunity, By Product Type, 2015 to 2021

Table 14: Europe Market Incremental $ Opportunity, By Country, 2022 to 2032

Table 15: Germany Market Incremental $ Opportunity, By Product Type, 2015 to 2021

Table 16: France Market Incremental $ Opportunity, By Product Type, 2015 to 2021

Table 17: France Market Incremental $ Opportunity, By Product Type, 2022 to 2032

Table 18: Italy Market Incremental $ Opportunity, By Product Type, 2015 to 2021

Table 19: Italy Market Incremental $ Opportunity, By Product Type, 2022to 2032

Table 20: BENELUX Market Incremental $ Opportunity, By Product Type, 2015 to 2021

Table 21: BENELUX Market Incremental $ Opportunity, By Product Type, 2022 to 2032

Table 22: Nordics Market Incremental $ Opportunity, By Product Type, 2015 to 2021

Table 23: Nordics Market Incremental $ Opportunity, By Product Type, 2022 to 2032

More Insights, Lesser Cost (-50% off)

Insights on import/export production,
pricing analysis, and more – Only @ Fact.MR

List Of Figures

Figure 1: Europe Market Value (US$ Mn) and Year-on-Year Growth, 2015 to 2032

Figure 2: Europe Market Absolute $ Historical Gain (2015 to 2021) and Opportunity (2022 to 2032), US$ Mn

Figure 3: Europe Market Share, By Product Type, 2022 & 2032

Figure 4: Europe Market Y-o-Y Growth Projections, By Product Type – 2022 to 2032

Figure 5: Europe Market Attractiveness Index, By Product Type – 2022 to 2032

Figure 6: Europe Market Share, By Country, 2022 & 2032

Figure 7: Europe Market Y-o-Y Growth Projections, By Country – 2022 to 2032

Figure 8: Europe Market Attractiveness Index, By Country – 2022 to 2032

Figure 9: Germany Market Value (US$ Mn) and Year-on-Year Growth, 2015 to 2032

Figure 10: Germany Market Absolute $ Opportunity Historical (2015 to 2021) and Forecast Period (2022 to 2032), US$ Mn

Figure 11: Germany Market Share, By Product Type, 2022 & 2032

Figure 12: Germany Market Y-o-Y Growth Projections, By Product Type – 2022 to 2032

Figure 13: Germany Market Attractiveness Index, By Product Type – 2022 to 2032

Figure 14: France Market Value (US$ Mn) and Year-on-Year Growth, 2015 to 2032

Figure 15: France Market Absolute $ Opportunity Historical (2015 to 2021) and Forecast Period (2022 to 2032), US$ Mn

Figure 16: France Market Share, By Product Type, 2022 & 2032

Figure 17: France Market Y-o-Y Growth Projections, By Product Type – 2022 to 2032

Figure 18: France Market Attractiveness Index, By Product Type – 2022 to 2032

Figure 19: U.K Market Value (US$ Mn) and Year-on-Year Growth, 2015 to 2032

Figure 20: U.K Market Absolute $ Opportunity Historical (2015 to 2021) and Forecast Period (2022 to 2032), US$ Mn

Figure 21: U.K Market Share, By Product Type, 2022 & 2032

Figure 22: U.K Market Y-o-Y Growth Projections, By Product Type – 2022 to 2032

Figure 23: U.K Market Attractiveness Index, By Product Type – 2022 to 2032

Figure 24: Italy Market Value (US$ Mn) and Year-on-Year Growth, 2015 to 2032

Figure 25: Italy Market Absolute $ Opportunity Historical (2015 to 2021) and Forecast Period (2022 to 2032), US$ Mn

Figure 26: Italy Market Share, By Product Type, 2022 & 2032

Figure 27: Italy Market Y-o-Y Growth Projections, By Product Type – 2022 to 2032

Figure 28: Italy Market Attractiveness Index, By Product Type – 2022 to 2032

Figure 29: BENELUX Market Value (US$ Mn) and Year-on-Year Growth, 2015 to 2032

Figure 30: BENELUX Market Absolute $ Opportunity Historical (2015 to 2021) and Forecast Period (2022 to 2032), US$ Mn

Figure 31: BENELUX Market Share, By Product Type, 2022 & 2032

Figure 32: BENELUX Market Y-o-Y Growth Projections, By Product Type – 2022 to 2032

Figure 33: BENELUX Market Attractiveness Index, By Product Type – 2022 to 2032

Figure 34: Nordics Market Value (US$ Mn) and Year-on-Year Growth, 2015 to 2032

Figure 35: Nordics Market Absolute $ Opportunity Historical (2015 to 2021) and Forecast Period (2022 to 2032), US$ Mn

Figure 36: Nordics Market Share, By Product Type, 2022 & 2032

Figure 37: Nordics Market Y-o-Y Growth Projections, By Product Type – 2022 to 2032

Figure 38: Nordics Market Attractiveness Index, By Product Type – 2022 to 2032

Know thy Competitors

Competitive landscape highlights only certain players
Complete list available upon request

- FAQs -

What is the expected Europe construction equipment market scenario in 2022?

The construction equipment market in Europe is estimated to be worth US$ 170 Billion in 2022.

How far is the industry expected to reach over the forecasted period?

Demand for construction equipment across Europe is anticipated to surpass US$ 304 Billion by 2032-end

What was the last 6-years CAGR of the Construction Equipment Market in Europe?

From 2015-2021, Europe construction equipment market grew at a 5.8% CAGR.

Who are the prominent players in the Europe Construction Equipment Market?

Some of the prominent players in Construction Equipment Market are Liebherr Group, Joseph Cyril Bamford Excavators Ltd., Volvo CE, CNH Industrial NV and Wirtgen Group.

Which is the leading country in the Construction Equipment Market?

Germany is expected to top the Europe construction equipment market, accumulating a market share of 36%

Europe Construction Equipment Market

Schedule a Call