LONDON--(BUSINESS WIRE)--Technavio has been monitoring the construction equipment market in Europe and it is poised to grow by USD 19.98 billion during 2020-2024, progressing at a CAGR of almost 7% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.
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Frequently Asked Questions-
- Based on segmentation by product, which is the leading segment in the market?
- The earthmovers are expected to be the leading segment based on product in the global market during the forecast period.
- What are the major trends in the market?
- Improving employment level, low-interest rates, and growing refugee population are the major trends in the market.
- At what rate is the market projected to grow?
- Growing at a CAGR of almost 7%, the incremental growth of the market is anticipated to be USD 19.98 billion.
- Who are the top players in the market?
- AB Volvo, Atlas Copco AB, Caterpillar Inc., CNH Industrial NV, Doosan Heavy Industries & Construction Co. Ltd., Hitachi Construction Machinery Co. Ltd., J.C. Bamford Excavators Ltd., Kawasaki Heavy Industries Ltd., Komatsu Ltd., and Liebherr-International AG are some of the major market participants.
- What are the key market drivers and challenges?
- Use of telematics is one of the major factors driving the market. However, the shortage of semi-skilled and skilled workforce restraints the market growth.
- How big is the Rest of Europe market?
- The Rest of Europe region will contribute 48% of market growth.
The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. AB Volvo, Atlas Copco AB, Caterpillar Inc., CNH Industrial NV, Doosan Heavy Industries & Construction Co. Ltd., Hitachi Construction Machinery Co. Ltd., J.C. Bamford Excavators Ltd., Kawasaki Heavy Industries Ltd., Komatsu Ltd., and Liebherr-International AG are some of the major market participants. The use of telematics will offer immense growth opportunities. To make most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
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Construction Equipment Market in Europe 2020-2024: Segmentation
Construction Equipment Market in Europe is segmented as below:
- Road Equipment
- Concrete Equipment
- The UK
- The Rest of Europe
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Construction Equipment Market in Europe 2020-2024: Scope
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. The construction equipment market in Europe report covers the following areas:
- Construction Equipment Market Size in Europe
- Construction Equipment Market Trends in Europe
- Construction Equipment Market Analysis in Europe
This study identifies improving employment level, low-interest rates, and growing refugee population as the prime reasons driving the construction equipment market growth in Europe during the next few years.
Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavio’s in-depth research has direct and indirect COVID-19 impacted market research reports.
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Construction Equipment Market in Europe 2020-2024: Key Highlights
- CAGR of the market during the forecast period 2020-2024
- Detailed information on factors that will assist construction equipment market growth in Europe during the next five years
- Estimation of the construction equipment market size in Europe and its contribution to the parent market
- Predictions on upcoming trends and changes in consumer behavior
- The growth of the construction equipment market in Europe
- Analysis of the market’s competitive landscape and detailed information on vendors
- Comprehensive details of factors that will challenge the growth of construction equipment market vendors in Europe
Table of Contents:
- Market ecosystem
- Value chain analysis
- Market definition
- Market segment analysis
- Market size 2019
- Market outlook: Forecast for 2019 - 2024
Five Forces Analysis
- Bargaining power of buyers
- Bargaining power of suppliers
- Threat of new entrants
- Threat of substitutes
- Threat of rivalry
- Market condition
Market Segmentation by Product
- Earthmovers - Market size and forecast 2019-2024
- Road equipment - Market size and forecast 2019-2024
- Cranes - Market size and forecast 2019-2024
- Concrete equipment - Market size and forecast 2019-2024
- Geographic segmentation
- Germany - Market size and forecast 2019-2024
- France - Market size and forecast 2019-2024
- UK - Market size and forecast 2019-2024
- Rest of Europe - Market size and forecast 2019-2024
- Key leading countries
- Market opportunity by geography
Drivers, Challenges, and Trends
- Market drivers
- Volume driver - Demand led growth
- Volume driver - Supply led growth
- Volume driver - External factors
- Volume driver - Demand shift in adjacent markets
- Price driver - Inflation
- Price driver - Shift from lower to higher priced units
- Market challenges
- Market trends
- Vendor landscape
- Landscape disruption
- Vendors covered
- Market positioning of vendors
- AB Volvo
- Atlas Copco AB
- Caterpillar Inc.
- CNH Industrial NV
- Doosan Heavy Industries & Construction Co. Ltd.
- Hitachi Construction Machinery Co. Ltd.
- J.C. Bamford Excavators Ltd.
- Kawasaki Heavy Industries Ltd.
- Komatsu Ltd.
- Liebherr-International AG
- Scope of the report
- Currency conversion rates for US$
- Research methodology
- List of abbreviations
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