Dublin, June 10, 2022 (GLOBE NEWSWIRE) -- The "Italy Construction Equipment Market - Strategic Assessment & Forecast 2022-2028" report has been added to ResearchAndMarkets.com's offering.
Italian construction equipment market is expected to grow at a CAGR of 6.6% during 2022-2028
The report considers the present scenario of the Italy construction equipment market and market dynamics for the forecast period 2022-2028. It covers a detailed overview of several growth enablers, restraints, and trends in the market. The study includes the volume and value sales with a segment analysis of the Italy construction equipment market.
By 2028, the CAGR of earthmoving segment is expected to be the fastest growing segment among the construction equipment in Italy over the forecast period. However, in 2021, material handling was the largest segment in Italy construction equipment market.
By 2028, the material handling equipment segment in Italy is estimated to grow at a CAGR of 6.35%. Italy is facing a labor shortage in various industries such as construction and manufacturing post COVID-19 outbreak. This increases the demand for high-capacity luffing tower cranes that speed up the construction process and reduce labor dependency.
The construction equipment market is consolidated with Caterpillar emerging as the leader, followed by Volvo Construction Equipment Italia SPA, Liebherr Group, Komatsu Group, CNH Industrial and Hitachi Construction Machinery (Europe). These companies have nearly 70% share of the total Italy construction equipment market.
KEY HIGHLIGHTS IN THE REPORT
In 2021, the material handling equipment market was the largest segment in the construction equipment industry in Italy, followed by earthmoving and road construction equipment. The forklift was the largest segment by type. However, excavators and backhoe loaders were the fastest-growing equipment in 2021. The demand for excavators and backhoe loaders will rise due to government investment in infrastructure development and growth in renewable energy.
The industry is expected to generate the highest demand primarily due to the "Italy Recovery And Resilience" program, which is anticipated to further dominate the construction equipment market over the forecast period.
By switching to intelligent systems driven by IoT and data analysis for service, networking, and sustainability, the construction equipment market in Italy is transitioning to a more innovative industry faster than in other developing nations across the world.
Italy is one of the largest construction equipment markets in Europe; construction equipment rental companies account for the major portion of the Italian construction equipment market share. Also, rental companies are having higher demand than non-rental companies due to the many SMEs in Italy.
Volvo Construction Equipment
Xuzhou Construction Machinery Group Co., Ltd. (XCMG)
Other Prominent Vendors
Abramo Mason SRL
Comar Commerciale SPA
Key Topics Covered:
Section 1 Introduction
Section 2 Market Overview
Economic Scenario, Foreign Direct Investment
Section 3 Market Landscape
Italy Construction Equipment Market by Type (Volume & Value)
Material Handling Equipment
Forklift and Telescopic Handler
Aerial Platform (Articulated Boom Lifts, Telescopic Boom Lifts, Scissor Lifts, Etc)
Other Earthmoving Equipment (Other Loaders, Bulldozer, Trencher, Etc.)
Road Construction Equipment
Italy Construction Equipment Market by End-user (Volume & Value)
Others (Power Generation, Utilities Municipal Corporations, Oil & Gas, Cargo Handling, Power Generation Plants, Waste Management, Etc.)
Section 4 Market Dynamics
Market Drivers, Restraints, Trends, Advantage Italy, Key Economic Regions, Import/Export Trends, Supply Chain Analysis, Covid-19 Impact
Section 5 Technological Development
Advent of New Technology
Section 6 Competitive Landscape
Competitive Landscape Overview
Major Vendors (Caterpillar - Volvo Construction Equipment Italia Spa - Liebherr Group - Komatsu Group - Cnh Industrial - Hitachi Construction Machinery (Europe) - Jcb - Xcmg Group - Kubota Corporation - Sany Group - John Deere Italiana Srl - Merlo - Yanmar - Manitou - Kobelco)
Other Prominent Vendors
Section 7 Quantitative Summary
Section 8 Report Summary
List of Graphs
List of Tables
Section 9 Report Scope & Definition
For more information about this report visit https://www.researchandmarkets.com/r/66eney
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