Latest News- Construction Equipment Market in Europe: Commercial is expected to lead the Application segment during 2025-2029

The Construction Equipment Market in Europe is being driven by Increasing government infrastructure investments

The Construction Equipment Market in Europe is expected to grow at a CAGR of 3.3% during 2024 and 2029. During this period, the market is also expected to show a growth of USD 7.1 billion. The European construction equipment market is witnessing a significant shift towards electrically-powered machinery, including excavators, loaders, and compactors. Strict environmental regulations and escalating sustainability concerns are primary catalysts for this transition. Notably, countries like Norway are spearheading this movement, aiming to prohibit the sale of fossil-fueled construction equipment by 2025. Electric construction equipment offers numerous advantages, such as reduced emissions, quieter operation, and lower operating costs, making it an attractive choice for companies seeking cost-effective and eco-friendly solutions. 

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Which Factors Are Causing a Surge in Market Growth?

The market is segmented based on

• Application
  • Commercial
  • Residential
  • Infrastructure
• Product
  • Earthmoving equipment
  • Material handling equipment
  • Concrete equipment
  • Road construction equipment
  • Others
• Fuel Type
  • Diesel
  • Gasoline
  • Others
• Engine Capacity
  • Up to 250 HP
  • 250 to 500 HP
  • More than 500 HP
• Geography
  • Europe
    • Germany
    • UK
    • France
    • Italy

According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows: 

• Increasing government infrastructure investments
• Increasing urbanization
• Growing demand for sustainable construction

However, the market also witnesses some limitations, which are as follows:

• High cost associated with construction equipment
• Strict regulations related to emissions, noise, and safety standards
• Shortage of skilled labor in construction industry

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Market Scope in Construction Equipment Market in Europe Research Report

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Research Analysis Overview

The European construction equipment market encompasses various sectors, including infrastructure projects, transportation, and housing, which utilize machinery such as cranes, telescopic handling equipment, loaders and backhoes, motor graders, and earthmoving machinery like excavators. OEMs like Mack Trucks provide IC engines for these machines, adhering to emission norms through technologies like diesel particulate filters and engine technologies. Automation, AI-driven analytics, IoT, augmented reality, and virtual reality are transforming the industry. Non-road mobile machinery, inland waterway vessels, railroad engines, and off-road recreational vehicles are also part of this market. AI-based twin technology and light-duty vehicles are emerging trends.

Market Research Overview

The European construction equipment market is a significant segment of the global construction machinery and heavy transportation equipment market. Key end-use sectors include infrastructure projects, transportation, housing, and green city initiatives. Market growth is driven by urbanization trends, leading to increased demand for residential properties and subsequent investments in construction projects. Product categories encompass heavy-duty trucks, compact earthmoving equipment, road construction and compaction machinery, crushing and screening equipment, concrete equipment, civil engineering tools, lifting devices, and related technologies. Compliance with stringent emission norms is a critical factor shaping market dynamics.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

Technavio Research
Jesse Maida
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