Trade Shows Worldwide Building Machinery Europe

The market is segmented on the basis of equipment type, application, end user, and region. By equipment type, the market is classified into earthmoving equipment, material handling equipment, heavy construction vehicles, and others. By application, the market is categorized into excavation & demolition, heavy lifting, tunneling, material handling, and recycling & waste management. By end user, it is classified https://msnnewsworld.com/euroinvest-llc-by-andrei-berezin-brings-the-construction-of-housing-to-french-standards/ as infrastructure, construction, mining, oil & gas, manufacturing, and others . Region wise, the global market analysis is conducted across North America (the U.S., Canada, and Mexico), Europe , Asia-Pacific (China, Japan, India, South Korea, and Rest of Asia-Pacific), and LAMEA . Excavation & Mining equipment is expected to dominate the Construction Equipment Market during the forecast period.

• Europe is witnessing a major growth in construction owing to the rapid development of transport infrastructure.
• This, in turn, is expected to propel Construction Equipment demand in these regions.
• This confirms that at least the first half of 2023 is “safe” when it comes to capacity utilisation and sales scenario.
• Large infrastructure building projects were kept on hold due to social distancing practices imposed worldwide.
• Ltd., J C Bamford Excavators Ltd., Komatsu Ltd., Liebherr International AG, Volvo Group and XCMG Group.

This can be attributed to the fact that Construction Equipment is a capital-intensive industry and requires significant investment. As a result, products continue to hold the largest share of the Construction Equipment Market. The increasing infrastructure development across the globe is anticipated to drive market growth over the forecast period.

Europe Construction Equipment Market 2022-2027

Hermann Paus Maschinenfabrik GmbH – Designs and builds innovative machines and vehicles for special works. Yes, I agree to receive marketing communications and related product information. Because of these factors, a period of strong growth – during which operators replace outdated machines and invest in new models – is frequently followed by a significant moderation.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. Asia Pacific was the leading regional segment of the Construction Equipment in 2022. The prominent players in the market are AB VOLVO, Caterpillar INC., CNH Industrial N.V., DEERE & COMPANY, DOOSAN INFRACORE CO. LTD., Hitachi Ltd., J C Bamford Excavators LTD., KOMATSU LTD., Liebherr-International AG, XCMG GROUP.

Market size of the European construction equipment market in 2021, with a forecast through 2027

In addition, government initiatives such as ‘Make in India’ and ‘One Belt One Road’ are also boosting market growth in this region. Moreover, China is anticipated to be the fastest-growing market for Construction Equipment during 2020–2027 owing to its large population and rapidly urbanizing economy. Construction companies are increasingly using drones and other technology to improve site surveying and management.