June 10, 2022 11:30 ET | Source: FACT.MR FACT.MR
Dublin, Ireland, June 10, 2022 (GLOBE NEWSWIRE) -- The Europe construction equipment market is projected to exhibit growth at over 6% during the forecast period (2021-2031), as per a recently published Fact.MR report. Construction equipment market is witnessing a huge turnaround in developed economies with the pandemic having come full circle. As of 2022, the market is poised to be valued at US$ 170 Billion.
Europe is also witness to a construction boom of late in the region on account of residences for nuclear families pitching-in together. This includes Milanosesto Mixed-Use Complex (Italy), ZAC Campus Grand Parc Mixed-Use Development (France), Viadux Mixed-Use Community (U.K.), Camden Goods Yard Mixed-Use Community (U.K.), and Sackville Road Residential Community (U.K.).
A push in infrastructure spending in Europe with well-surfaced roads, gushing dams and overbearing highways tended to by heavy duty excavators and earth-moving machinery will add impetus to the construction equipment market. Furthermore, a fall in prices of home dwellings has added further attractions to the home-buyer’s pent-up demand.
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Key Takeaways from Market Study
The European construction equipment market is a consolidated market with key players such as Liebherr, Volvo Equipment etc. dominating the market.
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Key Segments Covered in the Europe Construction Equipment Market Report
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Fact.MR, in its new offering, presents an unbiased analysis of the Europe construction equipment market, presenting historical market data (2015-2021) and forecast statistics for the period of 2022-2032.
The study reveals essential insights by product (earth moving machinery, construction material handling machinery and concrete and rail construction machinery) across six countries (Germany, U.K, France, Italy, BENELUX and Nordics).
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