Europe Heavy Construction Equipment Market overview
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.
Market Size and Growth:
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.
The global Europe heavy construction equipment market 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.
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Europe Heavy Construction Equipment Market Scope
This market research report covers the Europe: heavy construction equipment analysis market by types, application, end users and region.
Europe Heavy Construction Equipment Market
- By Volume
- By Value
Europe Heavy Construction Equipment Market, by Types
- Earthmoving Equipment
- Material Handling Equipment
- Heavy Construction Vehicles
- Others (Cranes, Excavator, Dozer)
Europe Heavy Construction Equipment Market, by Applications
- Mining & Excavation
- Earthmoving
- Transportation
- LiftingMaterial
- Handling
- Others
Europe Heavy Construction Equipment Market, by End Users
- Oil & Gas Industry
- Construction Industry
- Military
- Mining
- Agriculture
- Forestry and Others
Europe Heavy Construction Equipment Market, by Regions
- Western Europe
- U.K
- Spain
- Italy
- France
- Germany
- Rest of Western Europe
- Eastern Europe
- Poland
- Russia
Key Players
The top companies Studied in this report are:-
- Volvo Equipment
- Liebherr Group
- Volvo CE
- CNH Industrial NV
- JCB
- Wirtgen Group
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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