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Companies operating in the Europe Construction Equipment Market include Liebherr Group, AB Volvo, J.C. Bamford Excavators Limited, Deere & Co., Palfinger AG, Wacker Neuson, Komatsu Ltd., and Caterpillar, Inc. – PowerPoint PPT presentation

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Europe Construction Equipment Market to grow at
3.5 CAGR over 2020-2026
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  • 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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  • 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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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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reserved.


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About Graphical Research Graphical Research is
a business research firm that provides industry
insights, market forecast and strategic inputs
through granular research reports and advisory
services. We publish targeted research reports
with an aim to address varied customer needs,
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understand that business requirements are unique
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relevance for industry participants across the
value chain. We also provide custom reports that
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with dedicated analyst support across the
purchase lifecycle. Contact Us Parikhit
B. Corporate sales, Graphical
Research Email sales_at_graphicalresearch.com Web
 https//www.graphicalresearch.com
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