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Europe Construction & Material Handling Machinery Market Report 2022: A $75+ Billion Market by 2030 - Increase in Infrastructure Investments & Construction of Smart Cities Driving Growth

·7-min read
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European Construction & Material Handling Machinery Market

European Construction & Material Handling Machinery Market
European Construction & Material Handling Machinery Market

Dublin, May 26, 2022 (GLOBE NEWSWIRE) -- The "Europe Construction & Material Handling Machinery Market Research Report: By Type, End Use, Customer, Propulsion Type - Industry Size and Growth Forecast to 2030" report has been added to ResearchAndMarkets.com's offering.

Growing at a 5.1% CAGR, the European construction and material handling machinery market revenue will rise to $75,436.3 million by 2030 from an estimated $48,411.6 million in 2021. Currently, such equipment is being utilized the most for building residential units, because of Europe's growing population, which is increasingly moving to the cities.

In this regard, the rapid construction of smart cities is driving the demand for machinery for construction and material handling. As human activities, such as electricity generation and transportation, contribute to the degradation of the environment, cities of the future are being designed to curb environmental degradation by reducing the consumption of electricity.

Moreover, the total cost of ownership of EVs is lower than those running on diesel and gasoline, as electric variants do not have many of the mechanical parts common in conventional powertrains. This makes the maintenance of electric construction and material handling machinery cost-effective. Moreover, electricity is cheaper than diesel, which further reduces the total cost of ownership of EVs.

This is why major European construction and material handling machinery market players are launching electric variants of such machines. For instance, Cargotec Corporation launched eight electric lifting equipment models under the Kalmar Electric Reachstacker brand in December 2021.

Other key companies offering such equipment are LIEBHERR-International Deutschland GmbH, AB Volvo, Caterpillar Inc., Sany Heavy Equipment International Holdings Company Limited, Hitachi Ltd., Komatsu Ltd., J.C. Bamford Excavators Limited, The Manitowoc Company Inc., Xuzhou Construction Machinery Group Co. Ltd., KION Group AG, and CNH Industrial N.V.

Key Findings of Europe Construction and Material Handling Machinery Market Report

  • Infrastructure development activities have especially picked up since the lifting of the COVID-19 lockdowns in the continent, as the long-delayed projects now need to be completed at a much-higher pace.

  • For instance, five of the largest construction projects in Europe in recent times began in 2021, and the EU aims to triple its high-speed rail traffic by 2050.

  • In this regard, a key trend in the European construction and material handling machinery market is modular and offsite construction, wherein the major components of buildings are prefabricated, thus saving time at the actual site of construction.

  • Among all types of machines, those used for moving earth are in the highest demand in the continent. This is attributed to the construction of civic infrastructure, wherein transporting earth to and away from the site is a key process.

  • The rental companies bifurcation will witness the higher European construction and material handling machinery market CAGR in the coming years, as renting the equipment can save costs for the entity actually involved in the construction project.

  • Moreover, machinery with electric propulsion is rising rapidly in demand as it emits extremely low or no carbon emissions, thus helping in the achievement of the overall climate targets.

Key Topics Covered:

Chapter 1. Research Background
1.1 Research Objectives
1.2 Market Definition
1.3 Analysis Period
1.4 Market Data Reporting Unit
1.5 Market Size Breakdown by Segment
1.6 Key Stakeholders

Chapter 2. Research Methodology
2.1 Secondary Research
2.2 Primary Research
2.3 Market Size Estimation
2.4 Data Triangulation
2.5 Notes and Caveats

Chapter 3. Executive Summary

Chapter 4. Definition of Market Segments
4.1 by Type
4.1.1 Earthmoving Machinery
4.1.1.1 Excavators
4.1.1.2 Loaders
4.1.1.3 Dump Trucks/Tippers
4.1.1.4 Others
4.1.2 Material Handling Machinery
4.1.2.1 Forklifts
4.1.2.2 Fixed Cranes
4.1.2.3 Mobile Cranes
4.1.2.4 Conveyors
4.1.3 Concrete and Road Construction Machinery
4.1.3.1 Mixing Plants
4.1.3.2 Mixer Trucks
4.1.3.3 Pumps
4.1.3.4 Pavers
4.1.3.5 Others
4.1.4 Tunnelling Machinery
4.1.5 Others
4.2 by End Use
4.2.1 Residential Housing
4.2.2 Transport, Energy, and Water Infrastructure
4.2.3 Institutional and Commercial Buildings
4.2.4 Industrial Sites
4.3 by Customer
4.3.1 Rental Companies
4.3.2 Contractors
4.4 by Propulsion Type
4.4.1 Electric
4.4.2 Ice

Chapter 5. Industry Outlook
5.1 Market Dynamics
5.1.1 Trends
5.1.1.1 Product Launches
5.1.1.2 Modular and Offsite Construction
5.1.2 Drivers
5.1.2.1 Increase in Infrastructure Investments
5.1.2.2 Construction of Smart Cities
5.1.3 Impact Analysis of Drivers on Market Forecast
5.1.4 Restraints
5.1.4.1 Rising Material Cost
5.1.5 Impact Analysis of Restraints on Market Forecast
5.2 Impact of Covid-19
5.3 Porter's Five Forces Analysis

Chapter 6. Business Model of OEMs
6.1 Overview
6.2 Ecosystem of Construction Equipment Industry
6.3 Ecosystem Analysis of OEMs
6.3.1 Parts Fabrication
6.3.2 Assembly and Engineering
6.3.3 Distribution and Service
6.3.4 Machine Rental
6.3.5 Usage
6.4 Future Ecosystem of Construction Equipment Industry
6.4.1 Product-Based Approach
6.4.2 Specialization
6.4.3 Value Chain Control and Integration With Supply Chains
6.4.4 Consolidation
6.4.5 Customer-Centricity and Branding
6.4.6 Investment in Technology and Facilities
6.4.7 Investment in Human Resources
6.4.8 Globalization

Chapter 7. Aftermarket Industry
7.1 Overview
7.2 OEMs Gaining More Control Over After-Sales Channels
7.3 Optimizing Parts Pricing

Chapter 8. Europe Market Size and Forecast
8.1 Overview
8.2 Market Volume, by Type (2017-2030)
8.3 Market Revenue, by Type (2017-2030)
8.4 Market Volume, by End Use (2017-2030)
8.5 Market Revenue, by End Use (2017-2030)
8.6 Market Volume, by Customer (2017-2030)
8.7 Market Revenue, by Customer (2017-2030)
8.8 Market Volume, by Propulsion Type (2017-2030)
8.9 Market Revenue, by Propulsion Type (2017-2030)
8.10 Market Volume, by Country (2017-2030)
8.11 Market Revenue, by Country (2017-2030)

Chapter 9. Germany Market Size and Forecast

Chapter 10. France Market Size and Forecast

Chapter 11. U.K. Market Size and Forecast

Chapter 12. Italy Market Size and Forecast

Chapter 13. Spain Market Size and Forecast

Chapter 14. Russia Market Size and Forecast

Chapter 15. Switzerland Market Size and Forecast

Chapter 16. Poland Market Size and Forecast

Chapter 17. Netherlands Market Size and Forecast

Chapter 18. Belgium and Luxembourg Market Size and Forecast

Chapter 19. Competitive Landscape
19.1 List of Market Players and Their Offerings
19.2 Recent Strategic Developments of Key Players
19.2.1 Partnerships and Collaborations
19.2.2 Mergers and Acquisitions
19.2.3 Geographical Expansions
19.2.4 Product Launches
19.3 Market Share Analysis of Key Players

Chapter 20. Company Profiles

  • Liebherr-International Deutschland GmbH

  • the Manitowoc Company Inc.

  • Palfinger AG

  • Sarens Bestuur Nv

  • Sany Heavy Equipment International Holdings Company Limited

  • Kion Group AG

  • Toyota Industries Corporation

  • Jungheinrich AG

  • Cargotec Corporation

  • Hyster-Yale Materials Handling Inc.

  • Herrenknecht AG

  • Creg Tbm Germany GmbH

  • Northern Heavy Industries Group Co. Ltd. (Nhi)

  • the Robbins Company

  • Komatsu Ltd.

  • Cnh Industrial N.V.

  • J.C. Bamford Excavators Limited

  • Euromix Mtp GmbH

  • Ab Volvo

  • Hitachi Ltd.

  • Shandong Hongda Construction Machinery Group Co. Ltd.

For more information about this report visit https://www.researchandmarkets.com/r/l3eu0w

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