Europe Construction EquipmentCompanies (2024 - 2029)

Europe Construction Equipment Market Companies Summary

The European construction equipment market, which experienced a slowdown due to the COVID-19 pandemic, is expected to rebound with increased demand for sustainable construction and mining. Companies in the sector are launching new products to meet this demand. For instance, a key player introduced a versatile truck model with multiple configurations to support construction businesses. The market is further bolstered by investments in infrastructure development in both developing and developed economies. This has led to a surge in the sales of construction machinery globally. In response to regulatory pressures for lower emissions and the demand for cost-effective machines, manufacturers are increasingly opting for electric and hybrid vehicles over traditional hydraulic and mechanical ones. This has resulted in significant progress in the electrification of construction equipment. For example, a renowned truck manufacturer expanded its medium-duty offerings with a new transmission model, providing greater versatility for customers in various applications.