The Europe Construction Equipment Market Report is Segmented by Machinery Type (Cranes, Telescopic Handler, and More), Power Source (Internal-Combustion, Hybrid, and More), End-User Industry (Infrastructure & Construction, Mining & Quarrying, and More), Application (Earthmoving, Lifting & Material Handling, and More), and Geography. The Market Forecasts are Provided in Terms of Value (USD) and Volume (Units).

The European construction equipment market was estimated at over **** billion U.S. dollars in 2021. The market is expected to grow by a compound annual growth rate of about *** percent between 2022 and 2027, reaching the size of some **** billion U.S. dollars in 2027.

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Europe Construction Equipment Market Size 2025-2029

The construction equipment market size in Europe is forecast to increase by USD 6.91 billion at a CAGR of 3.9% between 2024 and 2029.

The European construction equipment market is experiencing significant growth, driven by increasing government infrastructure investments and the rising demand for electric construction equipment. These trends are shaping the industry landscape, with electric equipment gaining traction due to its environmental benefits and cost savings over time. The construction equipment landscape is further shaped by the ongoing development of green city projects and the integration of steel and real estate investments. However, the high cost associated with purchasing and maintaining construction equipment remains a challenge for market participants.


As governments continue to invest in infrastructure projects and the push for sustainability intensifies, the European construction equipment market is poised for continued growth. Companies in this sector must navigate these trends and address cost concerns to remain competitive and capture market share. Urban expansion, including high-rise apartments, is driving the use of concrete mixer, motor grader, and loaders and backhoe combinations for efficient site preparation.

What will be the Size of the Market During the Forecast Period?

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The European construction equipment market encompasses various sectors, including IoT-enabled light-duty vehicles, telescopic handling solutions, and OEMs specializing in construction machinery and non-road mobile machinery. This dynamic industry embraces advanced technologies such as automation, AI-driven analytics, virtual reality, and augmented reality. Major players in this domain include Mack Trucks, focusing on IC engine technologies, and those developing AI-based twin technology for earthmoving machinery like excavators and loaders. The housing sector and infrastructure projects fuel market growth, with emission norms driving the adoption of diesel particulate filters and engine technologies. Inland waterway vessels and railroad engines also contribute to the market's diversity, while the transportation sector's increasing focus on green city projects further propels innovation.


Trends include the integration of telemetry data and real-time analytics, enabling predictive maintenance and optimization of telescopic handling and crane performance. Moreover, the market witnesses the emergence of autonomous machinery and AI-driven analytics in earthmoving machinery, excavators, and loaders and backhoes. The future of construction equipment lies in the seamless integration of technology and sustainability, ensuring efficient, cost-effective, and eco-friendly solutions for the industry.

How is this market segmented and which is the largest segment?

The market research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD million' for the period 2025-2029, as well as historical data from 2019-2023 for the following segments.

Application

  Commercial
  Residential
  Infrastructure


Product

  Earthmoving equipment
  Material handling equipment
  Concrete equipment
  Road construction equipment
  Others


Fuel Type

  Diesel
  Gasoline
  Others


Engine Capacity

  Up to 250 HP
  250 to 500 HP
  More than 500 HP


Geography

  Europe

    France
    Germany
    Italy
    UK

By Application Insights

The commercial segment is estimated to witness significant growth during the forecast period. The European construction industry has witnessed substantial growth, leading to a heightened demand for construction equipment. This trend is driven by various factors, including urbanization, infrastructure development, and increased construction activity. Consequently, the market for construction machinery, including Truck Mounted Cranes, Compact electric excavators, and Earth moving equipment, has experienced significant growth. For instance, the construction of the Nord Stream 2 pipelines in Germany necessitated the use of specialized equipment such as cranes, excavators, and concrete pumps. Furthermore, the housing sector's recovery and the development of Green City Projects have fueled the demand for Construction machinery, Motor Graders, Concrete Mixers, and other equipment.

The European construction equipment market is experiencing significant growth, driven by increasing government infrastructure investments and the rising demand for electric construction equipment. Digitalization and automation have also influenced the market, with AI-driven analytics, IoT, and virtual reality technologies being integrated into various equipment types. The European construction industry's sustainability goals have led to the adoption of IC Engines, Diesel particulate filters, and other emission control te

This statistic gives the market size of the construction equipment and heavy equipment in Europe between 2018 and 2026. In 2026, the European construction equipment and heavy equipment market is expected to exceed ** billion U.S. dollars.

The Europe Used Construction Machinery Market is segmented by Machinery Type (Crane, Telescopic Handlers, Excavator, Loader & Backhoe, Motor Grader), Drive Type (IC Engines and Hybrid), and by Country (Germany, United Kingdom, Italy, France and Rest of Europe). The Market Size and Forecast of Europe Used Construction Machinery Market in value (USD billion) for the above-mentioned segments.

The Europe Construction Equipment Market is experiencing robust growth, projected to reach €50.92 billion in 2025 and maintain a Compound Annual Growth Rate (CAGR) of 6.96% from 2025 to 2033. This expansion is fueled by several key factors. Increased infrastructure development projects across European nations, driven by both public and private investment, are a significant driver. The ongoing push for sustainable construction practices, including the adoption of electrification and automation in equipment, is further stimulating market growth. Rising urbanization and the need for efficient construction solutions in densely populated areas contribute to this positive trend. However, challenges remain, primarily related to supply chain disruptions and fluctuations in raw material prices, which can impact production costs and overall market stability. Furthermore, stringent environmental regulations are increasingly influencing the design and operation of construction equipment, potentially creating both opportunities and constraints for market players. The competitive landscape is shaped by major global players such as Manitou Group, JCB Limited, Deere & Company, and Caterpillar Inc., who are constantly innovating to meet evolving market demands and maintain their market share. The market is segmented based on equipment type (e.g., excavators, loaders, cranes), application (e.g., building construction, infrastructure development), and end-user (e.g., construction companies, rental agencies). The continued focus on technological advancements and sustainable practices will be crucial for manufacturers to sustain growth in this dynamic market. The forecast period (2025-2033) anticipates continued growth, driven by sustained infrastructure investment and technological innovations. Key market segments within Europe show varied growth trajectories, with the infrastructure segment projected to show the most significant expansion due to large-scale government projects and private investments in transportation and energy infrastructure. The adoption of digital technologies like IoT and AI in construction equipment is enhancing efficiency and productivity, leading to a higher demand for technologically advanced equipment. This, coupled with a rising focus on reducing carbon emissions in construction activities, presents opportunities for the development and adoption of eco-friendly construction machinery. However, potential economic downturns or geopolitical instability could impact market growth. Continuous monitoring of macroeconomic factors and evolving regulatory landscapes will be crucial for accurate forecasting and strategic decision-making within the European Construction Equipment Market. Key drivers for this market are: Growing Investments in Infrastructure Deployment. Potential restraints include: Rapid Expansion of Construction Equipment Rental Services Across the Region. Notable trends are: The Electric Drive Type is Expected to Drive the Growth of the Market.

******* was the country in Europe with the highest share of construction equipment sales from 2017 to 2024. Throughout that period, the United Kingdom and France were the following European countries with the highest market share. Overall, the market share of most countries included in the list have remained stable.

The European Construction Equipment Market is booming, projected to reach €90.6 billion by 2033 with a 6.96% CAGR. Driven by infrastructure projects and sustainable initiatives, key players like Liebherr and Caterpillar dominate. Discover market trends, segment analysis, and regional insights. Key drivers for this market are: Growing Investments in Infrastructure Deployment. Potential restraints include: Growing Investments in Infrastructure Deployment. Notable trends are: The Electric Drive Type is Expected to Drive the Growth of the Market.

The size of the Europe Construction Equipment Market market was valued at USD 50.92 Million in 2023 and is projected to reach USD 81.55 Million by 2032, with an expected CAGR of 6.96% during the forecast period. Key drivers for this market are: Growing Investments in Infrastructure Deployment. Potential restraints include: Rapid Expansion of Construction Equipment Rental Services Across the Region. Notable trends are: The Electric Drive Type is Expected to Drive the Growth of the Market.

Europe Construction Equipment Market is projected to reach USD 72.14 billion by 2032, growing at a CAGR of 4.73% from 2024-2032.

Europe Construction Equipment Market size was USD 45375.36 million in 2024 and will expand at a compound annual growth rate (CAGR) of 3.5% from 2024 to 2031.

The Europe Construction Machinery Rental Market Report is Segmented by Machinery Type (Earthmoving, and More), Drive Type (Hydraulic, Diesel-Electric Hybrid, and More), Application (Building Construction, and More), End-User Industry (Construction Contractors, and More), Payload Capacity (Light-Duty, Medium-Duty, and Heavy-Duty), and Country. The Market Forecasts are Provided in Terms of Value (USD).

The Europe Construction Equipment Rental Market report segments the industry into Machinery Type (Crane, Telescopic Handlers, Excavator, Loader, Motor Grader, Road Construction Equipment, Other Equipment), Drive Type (Hydraulic, Hybrid), Application (Building Construction, Road Construction, Others), and Country (Germany, United Kingdom, France, Italy, Spain, Rest of Europe).

Europe Used Construction Machinery Market size was valued at USD 24.35 Billion in 2024 and is projected to reach USD 41.67 Billion by 2032, growing at a CAGR of 6.8% during the forecast period from 2026-2032.

Europe Used Construction Machinery Market: Definition/ Overview

Used construction machinery refers to heavy equipment and machinery that have been previously owned and utilized in construction projects. These machines include excavators, bulldozers, cranes, loaders, and other types of construction vehicles and tools. While they have been in service before, they are often sold after a few years of use, either due to upgrades or changes in a company’s needs.

The industry’s performance is tied closely to construction and mining activity. Depressed construction activity in countries like France, Germany, the Czech Republic and Hungary for much of the past five years dents the need for construction equipment. Nevertheless, the need to address housing shortages and build smarter homes across the continent ensures a high volume of work, boosting orders for diggers and excavators. Revenue is forecast to climb at a compound annual rate of 0.2% to €60.2 billion over the five years through 2025, including a projected revenue drop of 0.4% in 2025. High interest rates and soaring building costs have drastically reduced new building projects in Europe, directly affecting construction equipment. Government funding and policies to build more homes are elevating the volume of construction work, driving manufacturers' sales. However, revenue is hurt by more companies turning to leasing and renting construction equipment for short- and long-term projects. The drive to reduce reliance on Russian energy is elevating funding for renewable projects. EU-backed infrastructure projects on renewable energy projects to shore up the EU’s energy security are providing opportunities for producers of heavy-duty equipment. More investment in drilling will drive orders for excavators and earthmoving equipment across the bloc. Revenue is forecast to climb at a compound annual rate of 1.9% to €66 billion over the five years through 2030. Construction activity is set to remain sluggish in the short term due to cautious investors because of high interest rates and geopolitical issues, but government funding for several construction projects like renewable energy projects and wind farms across the EU will raise the need for construction machinery. Incentives and funding to address the shortfall in the number of homes in many European countries will spur investment in the residential sector, providing opportunities for construction equipment makers. Construction contractors will demand more low-emission equipment, forcing manufacturers to invest in producing autonomous and electric equipment that reduces operating costs and eliminates emissions.

The European used construction machinery market, valued at approximately €[Estimate based on market size XX and value unit Million. A reasonable estimate considering the CAGR and market size could be €15 Billion in 2025] in 2025, is projected to experience steady growth with a Compound Annual Growth Rate (CAGR) of 4.20% from 2025 to 2033. This growth is driven by several factors. Firstly, the increasing demand for infrastructure development and renovation projects across major European economies like the UK, Germany, and France fuels the need for cost-effective machinery solutions. Used equipment offers a significantly lower price point compared to new machinery, making it an attractive option for smaller construction companies and contractors with tighter budgets. Secondly, the rising focus on sustainability and reducing carbon footprints within the construction sector is also positively influencing the market. While new electric machinery is gaining traction, the used market offers a more accessible entry point for companies looking to transition to more environmentally friendly equipment. Finally, technological advancements in used machinery refurbishment and maintenance are extending the lifespan and operational efficiency of older models, further boosting market demand. However, the market faces certain restraints. Fluctuations in the price of raw materials and the overall economic climate can impact investment in construction projects, potentially slowing down the demand for used equipment. Additionally, concerns about the reliability and maintenance costs associated with older machinery might deter some buyers, favoring new, technologically advanced equipment with warranties. The market segmentation reveals significant demand for used cranes, telescopic handlers, excavators, and loaders across various drive types, including internal combustion engines and increasingly, electric models. Key players like Kobelco, John Deere, Volvo, Caterpillar, Komatsu, Liebherr, Mitsubishi Heavy Industries, and Manitou are actively involved in this market, either through direct sales of used equipment or through supporting their established dealer networks. The UK, Germany, France, and Italy represent the largest segments within the European market, reflecting their robust construction sectors. This report provides a detailed analysis of the Europe used construction machinery market, encompassing the historical period (2019-2024), the base year (2025), and a comprehensive forecast from 2025 to 2033. The market is segmented by machinery type (cranes, telescopic handlers, excavators, loaders & backhoes, motor graders), drive type (IC engine, electric), and key players such as Caterpillar Inc, John Deere & Co, and Komatsu, amongst others. This insightful study reveals market size in Million units, identifying key trends, growth drivers, challenges, and emerging opportunities within this dynamic sector. Key drivers for this market are: Integration With Telematics And Fleet Management Systems, Others. Potential restraints include: The Initial Costs Associated With Purchasing And Installing ELD Systems is High, Others. Notable trends are: Used Cranes to Drive the Construction Machinery Market Growth.

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Heavy Construction Equipment Market Size 2025-2029

The heavy construction equipment market size is forecast to increase by USD 49.7 billion at a CAGR of 4.6% between 2024 and 2029.

The market is experiencing significant growth, driven by increased investment in infrastructure projects worldwide. This trend is expected to continue, creating lucrative opportunities for market participants. Fuel alternatives, including diesel engines and hydraulic systems, are essential components of heavy construction machinery. The secondhand machine market is also expanding, providing an affordable alternative for companies seeking to acquire equipment without the high upfront costs of new machinery.
Strategic partnerships, innovation, and operational efficiency are essential for success in the market. However, challenges persist in the form of intense competition, increasing raw material prices, and regulatory compliance, which may impact profitability. Companies must navigate these challenges effectively to capitalize on the market's potential and maintain a competitive edge. Manufacturing processes incorporate advanced engineering and quality control measures, while supply chain efficiency is enhanced through fleet management and raw materials sourcing strategies. Technological advances, including the adoption of battery technology, telematics, and automation, are driving innovation and improving efficiency, safety, and sustainability in the industry.

What will be the Size of the Heavy Construction Equipment Market during the forecast period?

Explore in-depth regional segment analysis with market size data - historical 2019-2023 and forecasts 2025-2029 - in the full report.
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In the market, product lifecycle management plays a crucial role in ensuring optimal performance and longevity of machinery. Dealers maintain a robust network to provide site preparation services, monitoring systems, parts distribution, and project management solutions. Equipment financing options facilitate the acquisition of new machinery, while used equipment market participation offers cost-effective alternatives. Control valves, hydraulic pumps, and braking system components are essential components undergoing rigorous compliance testing to meet industry standards. Safety systems and operator interface design are increasingly prioritized for worksite logistics and demolition techniques.
Customer service, spare parts supply, and technical support are integral to maintaining a competitive edge. Certification bodies and training programs ensure adherence to safety and standards compliance, while field testing and compliance testing are critical aspects of the product development cycle. The integration of monitoring systems and technical support enhances overall equipment performance and reliability. Another key driver is the growing trend of construction equipment rentals, which offers flexibility and cost savings for businesses.

How is this Heavy Construction Equipment Industry segmented?

The heavy construction equipment industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD billion' for the period 2025-2029, as well as historical data from 2019-2023 for the following segments.

Type

  Earthmoving equipment
  Material handling equipment
  Heavy construction vehicles
  Others


Application

  Excavation and demolition
  Heavy lifting
  Material handling
  Tunneling
  Others


Propulsion

  ICE
  Electric


Geography

  North America

    US
    Canada


  Europe

    France
    Germany
    UK


  APAC

    China
    India
    Japan
    South Korea


  South America

    Brazil


  Rest of World (ROW)

By Type Insights

The earthmoving equipment segment is estimated to witness significant growth during the forecast period. The market encompasses machinery utilized for carrying, digging, spreading, or moving earth and materials. Key equipment in this sector includes excavators, loaders, dozers, and motor graders. Operating costs are a significant consideration for businesses in this industry, making aftermarket parts essential for maintaining equipment and maximizing return on investment. Software solutions and IoT sensors enhance machine performance and efficiency, while electric motors and remote control capabilities offer environmental benefits and increased safety. Infrastructure projects, driven by both public and private investment, provide opportunities for growth. Rapid urbanization, particularly in developing countries like China and India, is increasing the demand for heavy construction equipment due to the emergence of megacities.

Safety regulations and rental services ensure accessibility to various businesses. Transmission systems, lifting capacity, GPS guidance, and emission standards are crucial performance metrics. Specialized tools, such as

The European construction machinery rental market, valued at €33.60 billion in 2025, is projected to experience robust growth, driven by several key factors. Increasing infrastructure development projects across major European economies like the UK, Germany, and France are fueling demand for rental services, offering cost-effective solutions compared to outright purchasing. The rise of urbanization and the need for efficient construction processes are further stimulating market expansion. Furthermore, the growing adoption of technologically advanced machinery, such as hybrid and electric-powered equipment, contributes to increased rental demand as companies seek environmentally friendly and cost-effective solutions. The market is segmented by machinery type (cranes, telescopic handlers, excavators, loaders, etc.), drive type (hydraulic, hybrid), and application (building and road construction). Competition among major players like Caterpillar, Liebherr, and Komatsu, along with prominent rental companies like Loxam and Sunbelt Rentals, is intense, leading to innovative service offerings and competitive pricing. While economic fluctuations and potential supply chain disruptions could pose challenges, the overall outlook for the European construction machinery rental market remains positive, with a projected Compound Annual Growth Rate (CAGR) of 5.15% from 2025 to 2033. This growth is expected to be particularly strong in countries experiencing significant infrastructure investment and robust construction activity. The increasing preference for short-term rental contracts, driven by project-based needs, is another significant trend impacting market dynamics. The market's growth trajectory is influenced by several factors. Government regulations promoting sustainable construction practices are encouraging the adoption of eco-friendly machinery, thereby impacting demand within the rental market. Moreover, the rising trend of outsourcing construction activities to specialized contractors contributes to the increased reliance on rental services. While potential economic slowdowns could temporarily dampen growth, the long-term outlook remains optimistic, supported by continuing infrastructural development and a robust construction sector. The competitive landscape is marked by both manufacturers and specialized rental companies striving for market share, resulting in technological advancements and efficient service models catering to the evolving needs of the construction industry. This dynamic market is poised for continued expansion throughout the forecast period. Recent developments include: April 2024: Hitachi Construction Machinery Europe (HCME) started offering direct rentals to end users under its brand in certain parts of Europe. According to Andre De Boer, general manager (Rental & Used Equipment), the company plans to open “retail rental” depots in the Netherlands, the United Kingdom, and France., July 2023: Hitachi Construction Machinery Europe (HCM) implemented modest increases in the rental prices of its HCM Premium Rental business, a rent-to-rent program in Europe. These price adjustments were expected to take effect in Q4 2023., January 2023: Komatsu Europe released a new interface for wheeled loader operators to use when interacting with the machine's assist systems. According to the company, its SubMonitor product was developed in response to customer requests for solutions that provide safety, real-time information, machine monitoring, efficiency optimization, and other features. Assist systems on Komatsu wheeled loaders include an extended load pilot, a new rear-view supervision system with a high-definition camera and rear radar obstacle detection, and an efficiency module that considers different operating conditions.. Notable trends are: The Building Construction Industry is Expected to Remain the Focal Point.

Uncover the growth potential in Europe Construction Equipment Market, size at USD 181 billion in 2023, featuring key trends and strategic insights.

Access Europe Heavy Equipment Maintenance Industry Overview which includes Europe country analysis of (United Kingdom, France, Germany, Italy, Russia, Spain, Sweden, Denmark, Switzerland, Luxembourg, Rest of Europe), market split by Type, Application, Distribution Channel