The Europe Heavy Construction Equipment Market Report is Segmented by Machinery Type (Cranes, Telescopic Handling, Excavators, Loaders and Backhoes, Motor Graders, and Other Machinery Types), Drive Type (IC Engines and Electric and Hybrid), and Country (Germany, United Kingdom, France, Russia, Spain, and Rest of Europe). The Report Offers Market Size and Forecasts for European Construction Equipment in Value (USD) for all the Abovementioned Segments.

Germany 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 was estimated at over 21.4 billion U.S. dollars in 2021. The market is expected to grow by a compound annual growth rate of about two percent between 2022 and 2027, reaching the size of some 24.5 billion U.S. dollars in 2027.

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.

Discover the Europe Heavy Construction Equipment Market size at USD USD 46 billion in 2023, featuring market share, growth analysis, and industry challenges.

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

The European construction equipment market, valued at €50.92 billion in 2025, is projected to experience robust growth, driven by a compound annual growth rate (CAGR) of 6.96% from 2025 to 2033. This expansion is fueled by several key factors. Significant infrastructure development projects across major European economies, particularly in the UK, Germany, and France, are stimulating demand for a wide range of equipment, including cranes, excavators, and loaders. Furthermore, the increasing adoption of sustainable construction practices, including the shift towards electric and hybrid machinery, is creating new market opportunities. Government initiatives promoting renewable energy projects and green infrastructure are further bolstering market growth. The market segmentation reveals strong demand across various machinery types, with cranes and excavators holding significant market share due to their versatility in diverse construction applications. Competition among leading manufacturers like Liebherr, JCB, Volvo, and Caterpillar is intense, driving innovation and technological advancements within the sector. Challenges remain, however, primarily related to supply chain disruptions and fluctuating raw material prices impacting production costs and equipment pricing. Despite potential headwinds, the long-term outlook for the European construction equipment market remains positive. Continued urbanization and population growth, alongside robust investment in transportation infrastructure and residential construction, will sustain demand for construction machinery. The ongoing focus on improving efficiency and productivity within the construction sector, aided by technological advancements in automation and data analytics, will further propel market expansion. Manufacturers are actively investing in research and development to improve fuel efficiency, reduce emissions, and enhance the safety features of their equipment, catering to both economic and environmental demands. This commitment to technological innovation and a strong focus on sustainability positions the European construction equipment market for continued expansion and profitability throughout the forecast period. 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 Western Europe construction equipment market size by volume was valued at 388,607 units in 2023 and is expected to reach 458,638 units by 2029, growing at a CAGR of 2.80%.

The European used construction machinery market, valued at approximately €15 billion in 2025, is projected to experience steady growth, driven by factors such as increasing infrastructure development projects across the region, a rising preference for cost-effective equipment among smaller construction firms, and a growing focus on sustainable construction practices that extend the lifespan of machinery. The market's 4.20% CAGR from 2025 to 2033 indicates a robust and expanding sector. Key segments driving growth include excavators and loaders, reflecting their versatility across various construction applications. The increasing adoption of electric and hybrid drive types, though currently a smaller segment, showcases a promising trend for future growth, fueled by environmental regulations and the pursuit of reduced operational costs. Germany, the United Kingdom, and France represent the largest national markets within Europe, contributing significantly to the overall market size. The market faces some restraints, including fluctuations in the construction industry's overall economic health and the availability of skilled technicians to maintain and repair used equipment. However, the increasing supply of used machinery from large-scale leasing and rental companies is offsetting these challenges, making used equipment more accessible. Further growth is expected through the development of robust aftermarket support services, ensuring the reliable operation of used machinery and increasing buyer confidence. This will be crucial in meeting the demands of the ever-evolving construction landscape, which increasingly emphasizes efficiency, sustainability, and cost optimization. Technological advancements in the used equipment sector, such as telematics and remote diagnostics, will also play a significant role in shaping future market dynamics. Recent developments include: In April 2022, Ritchie Bros. Auctioneers which is a leading global asset management, auctioneer, and services company announced that it has discontinued the operation of its wholly owned indirect subsidiary, Ritchie Bros. UK Holdings Ltd. The company now operates as an independent firm in the auction of used construction equipment sales in the European market. . Notable trends are: Used Cranes to Drive the Construction Machinery Market Growth.

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

During 2021, almost all submarkets of the European market for light and heavy construction equipment experienced a positive development. The light compaction equipment sales experienced a positive change during this period, with a growth rate of 24 percent.

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 40 billion U.S. dollars.

Europe Construction Equipment Rental Market Size, Share, Trend & Market Analysis By Type, By Distribution Channel, By End User, Competition Forecast & Opportunities.

The used construction equipment market, while exhibiting a Compound Annual Growth Rate (CAGR) of 5.80% from 2019-2024, is poised for continued expansion through 2033. Driven by increasing infrastructure projects globally, particularly in developing economies experiencing rapid urbanization, the demand for cost-effective, pre-owned equipment remains robust. Key segments like excavators, loaders and backhoes, and telescopic handlers are experiencing significant traction, fueled by their versatility across various construction applications. The preference for internal combustion engine-powered equipment persists, although the electric and hybrid segments are showing promising growth driven by environmental concerns and government regulations promoting sustainable practices. Leading players such as Caterpillar, Komatsu, and Volvo CE are strategically investing in expanding their used equipment offerings and improving after-sales services to cater to this growing market. While fluctuating commodity prices and economic downturns pose challenges, the overall market outlook remains positive due to consistent demand from small and medium-sized enterprises seeking affordable equipment options. The geographical distribution of the market displays regional variations. North America and Europe, with their established construction sectors and infrastructure renewal initiatives, currently hold substantial market shares. However, the Asia-Pacific region is projected to witness the fastest growth rate due to rapid infrastructure development and industrialization in countries like China and India. The increasing adoption of advanced technologies like telematics and remote diagnostics in used equipment is further enhancing its appeal and increasing operational efficiency, thus creating a positive feedback loop on market growth. Competition among manufacturers is intense, with a focus on providing reliable, well-maintained used equipment along with competitive financing and leasing options. This fosters a dynamic market characterized by innovation in refurbishment processes and an expanding ecosystem of specialized used equipment dealers and rental companies. Used Construction Equipment Market: A Comprehensive Market Report (2019-2033) This insightful report provides a comprehensive analysis of the global Used Construction Equipment market, offering a detailed examination of market trends, growth drivers, challenges, and future opportunities. Covering the period from 2019 to 2033, with a base year of 2025 and a forecast period of 2025-2033, this report is an essential resource for stakeholders seeking to understand and capitalize on the dynamics of this evolving market. The market is projected to reach xx Million by 2033. Recent developments include: December 2022: MyCrane, a Dubai-based online crane rental service, has opened a branch in the United States. It is a new digital platform launched to disrupt and streamline the crane rental procurement process. It also provides the option to buy and sell cranes., November 2022: Maxim Crane Works L.P. has launched Maxim MarketplaceTM, an online marketplace for used equipment sales. With hundreds of fleet-owned cranes and support equipment to sell, the US rental giant is refreshing its fleet via its cutting-edge online used equipment sales platform developed in collaboration with Krank, the industry's first software developer., January 2021: The Kobelco Used Crane Finder service was launched by Kobelco Cranes. The service is intended to connect Kobelco Cranes customers who want to buy or sell a crane with potential buyers and sellers throughout the EAME (Europe, Africa, and the Middle East) region.. Key drivers for this market are: Growing Sales of Forklift, Others. Potential restraints include: Supply Chain Disruption, Others. Notable trends are: High Cost of New Construction Equipment is driving the growth of the market.

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Construction Equipment Market Size 2024-2028

The construction equipment market size is forecast to increase by USD 3.8 billion at a CAGR of 5.21% between 2023 and 2028.

The market is witnessing significant growth due to several key trends. One of the primary drivers is the rising number of new construction equipment launches, as manufacturers continue to innovate and introduce advanced technologies to meet the evolving needs of the industry. Another trend is the increasing adoption of electric construction equipment, which offers numerous benefits such as reduced emissions and lower operating costs.
However, the high initial cost and maintenance requirements of construction equipment remain challenges for market growth. Despite these challenges, the market is expected to continue expanding due to the increasing demand for infrastructure development and construction projects in various sectors.

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

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The market In the United States is driven by the demand for infrastructure projects, encompassing road infrastructure, national highway projects, and sustainable initiatives. Sustainable projects, such as those focused on renewable energy and green buildings, are increasingly prioritized, leading to a growing interest in electric construction equipment, autonomous machinery, and battery technology. Traditional diesel engines continue to dominate the market, but hybrids and alternative power sources are gaining traction due to emission laws and the pursuit of equipment efficiency. Construction activities span various industries, including mining, agriculture, forestry, waste management, municipal services, and material handling. Technological integration, including automated equipment and construction machinery, is a significant trend, enhancing productivity and reducing labor costs.
Market segments, such as forklifts, pavers, and dozers, continue to evolve, with a focus on improving performance and sustainability. Overall, the market is dynamic and diverse, responding to the demands of a wide range of industries and applications.

How is this Construction Equipment Industry segmented and which is the largest segment?

The construction equipment industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD billion' for the period 2024-2028, as well as historical data from 2018-2022 for the following segments.

Product

  Owned equipment
  Rented equipment
  Leased equipment


Application

  Commercial
  Residential
  Infrastructure


Geography

  APAC

    China
    India
    Japan


  North America

    US


  Europe

    Germany


  Middle East and Africa



  South America

By Product Insights

The owned equipment segment is estimated to witness significant growth during the forecast period.

The market encompasses machinery and vehicles owned by construction companies, contractors, and end-users. This segment includes excavators, loaders, skid steers, trucks, trailers, and other construction-specific vehicles. Owned equipment is purchased outright or acquired through alternative means, primarily operated and maintained by the owner. The owned equipment segment holds a substantial share In the market. Infrastructure projects, Sustainable projects, and Urban migration drive the demand for advanced, efficient, and eco-friendly equipment, such as Electric construction equipment, Autonomous machinery, Hybrid dump trucks, and Fuel-efficient equipment. Infrastructure investments, Industrial application, Commercial infrastructure, Housing projects, and Road infrastructure projects are significant industries utilizing construction equipment.

Emission laws and environmental concerns influence the adoption of advanced technologies like Battery technology, Smart grids, and Long-term contracts. The Equipment rental industry also plays a vital role In the market, offering rental services for various construction activities and Smart city development.

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The Owned equipment segment was valued at USD 5.74 billion in 2018 and showed a gradual increase during the forecast period.

Regional Analysis

North America is estimated to contribute 32% to the growth of the global market during the forecast period.

Technavio's analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.

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The market In the Asia-Pacific region is experiencing steady growth due to increasing construction activities in emerging economies like India, Afghanistan, and Bangladesh. This growth is driven by the need to provide residential

Europe Construction Equipment Rental Market is poised for a significant growth, with market size projected to surge from USD 40.51 Billion in 2024 to USD 65.42 Billion by 2033, showcasing a robust Compound Annual Growth Rate (CAGR) of 5.47% during the forecast period.

The Europe Construction Equipment Rental market size to cross USD 65.42 Billion by 2033. [https://edison.valuemarketresearch.com/

After the coronavirus (COVID-19) pandemic hit Europe in February 2020, most of the economies across the region suffered a strong decline in construction equipment sales but recovered in 2021. Germany was one of the countries where construction equipment sales increased during the fourth quarter of 2021 by 9.5 percent.

The global heavy construction equipment market, valued at $187.31 billion in 2025, is projected to experience robust growth, driven by a compound annual growth rate (CAGR) of 4.49% from 2025 to 2033. This expansion is fueled by several key factors. Firstly, substantial investments in infrastructure development globally, particularly in emerging economies like India and China within the APAC region, are creating significant demand for earthmoving equipment, heavy construction vehicles, and material handling equipment. Secondly, the ongoing urbanization trend and increasing construction of residential, commercial, and industrial buildings are further boosting market growth. Technological advancements, such as the incorporation of automation, telematics, and emission reduction technologies in heavy equipment, are also contributing to market expansion. Finally, government initiatives promoting sustainable construction practices and infrastructure modernization projects across North America and Europe are creating favorable market conditions. However, challenges such as fluctuating raw material prices, supply chain disruptions, and stringent emission regulations can pose restraints to growth. The market segmentation reveals a significant share held by earthmoving equipment, followed by material handling equipment and heavy construction vehicles. Leading companies such as Caterpillar, Komatsu, and Volvo are leveraging their strong brand recognition, technological expertise, and extensive distribution networks to maintain a competitive edge. Their strategies include strategic partnerships, mergers and acquisitions, and continuous product innovation to meet evolving market demands and cater to specific regional needs. The APAC region, particularly China and India, represents a significant market share due to rapid infrastructure development and industrialization, while North America and Europe maintain substantial contributions fueled by ongoing construction activities and infrastructure upgrades. The market's competitive landscape is intense, necessitating strategic investments in research and development and efficient supply chain management to ensure profitability and market share.

Europe Construction Machinery Market size is USD 45077.49 Million in 2024 and will expand at a compound annual growth rate (CAGR) of 2.70% from 2024 to 2031.

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APAC Construction Equipment Market Size 2024-2028

The construction equipment market in APAC size is forecast to increase by USD 21.41 billion billion at a CAGR of 5.4% between 2023 and 2028.

The market is experiencing robust growth, driven by increased investment in infrastructure development and the growing trend of construction equipment rentals. This market is witnessing significant advancements, with a focus on integrating smart technologies such as the Internet of Things (IoT) into construction machinery and material handling equipment. Smart cities are a key driver, with a demand for efficient waste management solutions and the integration of industrial lighting and renewable energy in construction projects. Furthermore, the adoption of autonomous vehicles, such as construction dumpers and forklift trucks, is transforming the industry's productivity and safety. The Construction Equipment Market is expected to continue its upward trajectory, with the emergence of data centers and the need for heavy-duty trucks in various sectors fueling demand.
Amidst these opportunities, challenges persist, including the impact of infectious diseases on construction sites and the need for stringent safety regulations. Explore deeper insights into the Construction Equipment Market's dynamics to stay ahead of the competition.

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In the APAC construction equipment market, several key trends are shaping the industry's future. Standards organizations are driving the adoption of sustainable practices, such as the use of green materials and alternative fuels, in soil compaction equipment and hydraulic excavators. Virtual reality technology is revolutionizing operator training and project planning, while innovation hubs foster research and development in areas like hydrogen fuel cells and building information modeling. Sustainability continues to be a priority, with emission reduction initiatives and the use of recycled materials gaining traction. Construction management software and logistics management solutions are optimizing labor productivity and supply chain efficiency.

Heavy lift projects require mobile cranes and telescopic handlers, while concrete pumps and crawler dozers are essential for large-scale construction sites. Risk management is crucial in construction, with predictive maintenance and remote monitoring technologies helping to mitigate potential issues. Regional development projects are driving demand for drilling rigs and asphalt plants. Industry associations are promoting smart construction practices, such as the integration of augmented reality and predictive analytics, to enhance productivity and quality control. Venture capital investments in startups are fueling innovation in areas like autonomous machinery and modular construction. Public-private partnerships are also playing a significant role in financing infrastructure projects and promoting regional development.

Underground mining operations are adopting advanced technologies like remote monitoring and emission reduction systems to improve safety and efficiency.

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 billion' for the period 2024-2028, as well as historical data from 2018-2022 for the following segments.

Application

  Commercial
  Residential
  Infrastructure


Product

  Earthmoving equipment
  Material handling equipment
  Concrete and road construction equipment
  Other equipment


Industry

  Public Works & Rail Road
  Mining
  Military
  Oil & Gas
  Forestry & Agriculture
  Manufacturing


End-use

  Residential
  Commercial
  Industrial


Geography

  APAC

    China
    India
    Japan
    South Korea

By Application Insights

The commercial segment is estimated to witness significant growth during the forecast period.

The market is experiencing significant activity and evolving trends in various sectors. Infrastructure development is a key driver, with governments and private entities investing heavily in construction projects. For instance, in emerging economies like China, India, and Indonesia, commercial construction is seeing substantial investment, with projects such as the Pomalaa plant and Tanjung Enim coal gasification plant underway, valued at USD 4.5 billion and over USD 2 billion, respectively. Moreover, the construction industry is embracing technology to address challenges such as labor shortages, skills gap, and maintenance costs. Automation and remote control are becoming increasingly popular, with the adoption of artificial intelligence, Internet of Things, and autonomous operation in material handling and heavy equipment.

Market consolidation is also occurring, with private investment a