Authored By: Sarah
31 Aug 2023

Construction Equipment Market in Europe Size to Grow by $ 10.84 Billion through 2021-2025 | Forecast and Trend Analysis

Technavio has been monitoring the construction equipment market in Europe and it is expected to grow by $ 10.84 bn, accelerating at a CAGR of almost 4% during the forecast period. The growth trajectory of the market is traced through a detailed analysis of the prevalent market forces, trends, and drivers along with competitive benchmarking

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Construction Equipment Market in Europe : Emerging Trends to Impact Market Growth

Use of telematics to emerge as a key trend in the construction equipment market in Europe . The rest of Europe segment has been recording a significant growth rate and it is expected to offer several growth opportunities to market vendors during the forecast period. Growth in consumer spending and increase in internet penetration leading to investment in the e-commerce sector will facilitate the construction equipment market growth in Europe over the forecast period. This report provides a detailed analysis of all the trends that are likely to influence the growth of individual segments within the market as well as the overall market in focus. This analysis will enable clients to assess their play in the market and plan for growth opportunities.

Construction Equipment Market in Europe Size to Grow by $ 10.84 bn through 2021-2025 | Trend Analysis and Forecasts

Construction Equipment Market in Europe : Vendor Analysis

The market is fragmented due to the presence of several players. The growth of the players depends on several factors such as market conditions, government support, and industry development. To survive and succeed in such an intensely competitive market, players must distinguish their product and service offerings through clear and unique value propositions. AB Volvo, Atlas Copco AB, Caterpillar Inc., CNH Industrial NV, Doosan Heavy Industries & Construction Co. Ltd., Hitachi Construction Machinery Co. Ltd., J C Bamford Excavators Ltd., Kawasaki Heavy Industries Ltd., Komatsu Ltd., and Liebherr-International AG are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their position in the slow-growing segments.

Technavio custom reports provide market insights at the global and regional level along with a pipeline analysis of new product launches. It also provides a peek into the latest R&D along with an impact analysis of government regulations.

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