Title: barkarjosh
1 Europe Construction Equipment Market to grow at
3.5 CAGR over 2020-2026
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2 - Europe Construction Equipment Market is expected
to grow at a CAGR of 3.5 from 2020 to 2026. - According to the Graphical Research new growth
forecast report titled Europe Construction
Equipment Market value is set to be over USD 38
billion by 2026. The construction equipment
market in Europe is driven by supportive
government investments for the development of
robust infrastructure. Government authorities in
Europe are increasingly using automated equipment
to establish a wide network of utility
distribution systems to support the increasing
requirements of the population. The introduction
of large infrastructural projects in renewable
energy, smart technology, and transportation is
anticipated to contribute to the regional market
growth. - For instance, in March 2019, the Danish
Parliament announced the construction of an 18 km
long tunnel between Denmark and Germany through
its Fehmarn Belt Fixed Link project. In July
2017, the UK government announced the London
Cross Rail Project to establish a wide railway
network, connecting several cities in Europe. - Request for
a sample of this research report _at_ -
https//www.graphicalresearch.com/request/1445/sam
ple
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3 - The ongoing COVID-19 pandemic is expected to
hamper the construction industry in Europe.
Several industry challenges such as a halt in
major construction projects and the shortage of
capital labor are impacting the market in 2020.
For instance, the UK government announced an
indefinite delay in the London Cross Rail project
due to the unavailability of sufficient funds.
The government is expected to resume construction
post reduction in the impact of the pandemic.
Plummeting demand for new construction machinery
due to rising financial insecurities among
construction contractors is also expected to
restrict the industry size in 2020. - Earthmoving road-building equipment is expected
to witness high market penetration in Europe due
to the rapid development of infrastructure
projects for enhanced road transport facilities
and improved accessibility to remote areas. The
large-scale expansion of road networks has
created a huge demand for fine-quality
construction machinery, boosting industry growth.
The ongoing development and automation of
railways road transport in countries including
Russia and the UK will drive demand for
earthmoving and road-building equipment.
Furthermore, increasing mechanization in
infrastructure activities is expected to drive
the construction equipment market growth over the
forecast timeline.
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4 Key companies operating in the Europe
construction equipment market include JCB, AB
Volvo, Komatsu Ltd., Palfinger AG, Sany Group,
Manitowoc, Hitachi Construction Machinery,
Caterpillar, Inc., and Deere Co. These players
are focusing on expanding their presence in
Europe. For instance, in June 2018, JCB announced
its plans to invest USD 40 million in its German
manufacturing plant to increase its production
capabilities. Make an inquiry for buying this
report _at_ https//www.graphicalresearch.com/request
/1445/inquiry-before-buying
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