Market Share of Europe Construction Equipment Industry
The European construction equipment market is consolidated, with dominant players like Liebherr and Volvo Equipment. A growing trend is the development of new products that are equipped with advanced technologies to enhance the entire industry's operational efficiency.
In February 2024, Komatsu announced that its new PC33E-6 3-ton class electric mini excavator was expected to make its equipment debut for European equipment buyers at the Intermat 2024 fair in Paris in April 2024. Komatsu claims that the new electric mini excavator is intended to raise the bar for emission-free operations. According to reports, the PC33E-6 will provide class-leading features and outstanding performance to improve construction site safety, cleanliness, and quietness.
In December 2023, Kubota Corporation announced the launch of the KX038-4e electric mini excavator to the European market in the spring of 2024. Kubota aims to achieve carbon neutrality in construction by expanding its range of mini excavators, which are commonly utilized for construction work in urban areas, and include an electric model.
Europe Construction Equipment Market Leaders
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Liebherr Group
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Komatsu Ltd.
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Caterpillar Inc.
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J.C. Bamford Excavators Limited
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Volvo Construction Equipment
*Disclaimer: Major Players sorted in no particular order
