Europe Heavy Construction Equipment Market overview
The global Europe heavy construction equipment market Size is projected to experience significant growth, with a Compound Annual Growth Rate (CAGR) of 6.78% during the forecast period from 2022 to 2030. By the end of the forecast period, the market is estimated to reach a value of USD 201.56 billion.
The Europe heavy construction equipment market is a significant segment within the construction industry, encompassing a wide range of machinery and equipment used for various construction projects. This market plays a crucial role in infrastructure development, urbanization, and industrial growth across the European region.
The Europe heavy construction equipment market has witnessed steady growth in recent years, driven by factors such as government investments in infrastructure projects, urbanization, and the need to modernize existing infrastructure. The market comprises a diverse array of equipment, including excavators, bulldozers, loaders, cranes, concrete machinery, and more.
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Key Players
The Heavy Construction Equipment Market top companies Studied in this report are:-
· Volvo Equipment
· Liebherr Group
· Volvo CE
· CNH Industrial NV
· JCB
· Wirtgen Group
Europe Heavy Construction Equipment Market Segmentation
This market research report covers the Europe: heavy construction equipment analysis market by types, application, end users and region.
The Europe Heavy Construction Equipment Market is analyzed through various dimensions, including volume and value considerations. Categorization by types reveals the presence of Earthmoving Equipment, Material Handling Equipment, Heavy Construction Vehicles, and other specialized machinery such as cranes, excavators, and dozers.
The applications of these heavy construction equipment encompass mining & excavation, earthmoving, transportation, lifting and material handling, along with various other uses.
The end-users targeted by this market include the oil & gas industry, construction industry, military, mining, agriculture, forestry, and other sectors.
Geographically, the market is divided into Western Europe, which includes the United Kingdom, Spain, Italy, France, Germany, and the rest of Western Europe, as well as Eastern Europe, covering Poland and Russia.
This comprehensive segmentation provides a detailed perspective on the various aspects and sectors that contribute to the Europe Heavy Construction Equipment Market.
Industrial News
The Europe heavy construction equipment market is experiencing significant growth due to several large-scale infrastructure projects in the region. These projects include the extension of ports, the construction of an underwater tunnel connecting major European regions, and the development of railway tunnels. The implementation of these ambitious projects requires the use of various types of cranes, which is driving the growth of the Europe heavy construction equipment market.
In March 2021, two notable purchases of Liebherr's LTM 1230-5.1 crane model were made by leading companies in the industry. Rothmund GmbH Kran und Montage acquired its second LTM 1230-5.1 crane from Liebherr, just six months after purchasing the first one. Additionally, Schussmann Kranservice GmbH also received the new LTM 1230-5.1 crane in the same month.
The LTM 1230-5.1 is a state-of-the-art mobile crane model known for its high lifting capacity, advanced technology, and efficiency in handling heavy loads. The repeated purchases of this crane model by prominent companies indicate its reliability and suitability for the demanding infrastructure projects in Europe.
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