The Europe heavy-duty construction equipment market is anticipated to grow significantly at a CAGR of 6.9% over the forecast period (2021-2027). The UK, Germany, France, Italy, Spain, and the Rest of Europe are some of the key economies that contribute to the growth of the European heavy-duty construction equipment industry over the forecast period. The key aspect that drives the growth of the Europe heavy-duty construction equipment market is growth in the construction industry along with the government investments for the construction sector growth. On 17 March 2020, the European Commission has approved an investment package worth more than $1.7 billion of EU funds in 14 large infrastructure projects in 7 Member States, namely Croatia, Czechia, Hungary, Poland, Portugal, Romania, and Spain.
Browse the full report description of "Europe Heavy-Duty Construction Equipment Market Size, Share & Trends Analysis Report By Machinery Type (Earth Moving Equipment, Material Handling Equipment, and Other Heavy-Duty Construction Equipment), By Applications (Excavation & Demolition, Heavy Lifting, Handling, Transportation, Recycling & Waste Management, and Others), and by Industry (Construction & Infrastructure, Manufacturing, Mining, and Others (Oil & Gas)) Forecast, 2021-2027" at https://www.omrglobal.com/industry-reports/europe-heavy-duty-construction-equipment-market
This huge investment has been done by the government for the infrastructural development in the region, such as improving rail network, reliable and efficient energy supply, flood safety & improving sustainable water management, clean energy, and better transport services, upgrading public transport, access to clean water and better healthcare, and many more. In addition, Trans-European Network for Transport (TEN-T), the world’s biggest infrastructure project, crossing geographic and political borders, connecting economic markets, and trade mega centers while combining different European cultures. This also contributes to market growth.
Market Coverage
Key questions addressed by the report
o Recovery Timeline
o Deviation from pre-COVID forecast
o Most affected segment
Europe Heavy-Duty Construction Equipment Market – Segmentation
By Machinery Type
o Cranes
o Loader & Backhoe
o Telescopic Handlers
o Excavators
o Others (Graders, Trencher)
o Hoists
o Conveyors
o Forklifts
o Others (Industrial Trucks)
o Concrete Mixers
o Road Rollers
o Stone Crushers
o Dumpers
o Tippers & Trailers
o Others (Slurry Seal Machines)
By Applications
By Industry
Europe Heavy-Duty Construction Equipment Market – Countries Covered
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