CountryAfghanistanAlbaniaAlgeriaAndorraAngolaAntigua & BarbudaArgentinaArmeniaAustraliaAustriaAzerbaijanBahamasBahrainBangladeshBarbadosBelarusBelgiumBelizeBeninBhutanBoliviaBosnia & HerzegovinaBotswanaBrazilBruneiBulgariaBurkina FasoBurundiCambodiaCameroonCanadaCape VerdeCentral African RepublicChadChileChinaColombiaComorosCongoCongo Democratic RepublicCosta RicaCote d'IvoireCroatiaCubaCyprusCzech RepublicDenmarkDjiboutiDominicaDominican RepublicEcuadorEast TimorEgyptEl SalvadorEquatorial GuineaEritreaEstoniaEthiopiaFijiFinlandFranceGabonGambiaGeorgiaGermanyGhanaGreeceGrenadaGuatemalaGuineaGuinea-BissauGuyanaHaitiHondurasHungaryIcelandIndiaIndonesiaIranIraqIrelandIsraelItalyJamaicaJapanJordanKazakhstanKenyaKiribatiKorea NorthKorea SouthKosovoKuwaitKyrgyzstanLaosLatviaLebanonLesothoLiberiaLibyaLiechtensteinLithuaniaLuxembourgMacedoniaMadagascarMalawiMalaysiaMaldivesMaliMaltaMarshall IslandsMauritaniaMauritiusMexicoMicronesiaMoldovaMonacoMongoliaMontenegroMoroccoMozambiqueMyanmar (Burma)NamibiaNauruNepalThe NetherlandsNew ZealandNicaraguaNigerNigeriaNorwayOmanPakistanPalauPalestinian State*PanamaPapua New GuineaParaguayPeruThe PhilippinesPolandPortugalQatarRomaniaRussiaRwandaSt. Kitts & NevisSt. LuciaSt. Vincent & The GrenadinesSamoaSan MarinoSao Tome & PrincipeSaudi ArabiaSenegalSerbiaSeychellesSierra LeoneSingaporeSlovakiaSloveniaSolomon IslandsSomaliaSouth AfricaSouth SudanSpainSri LankaSudanSurinameSwazilandSwedenSwitzerlandSyriaTaiwanTajikistanTanzaniaThailandTogoTongaTrinidad & TobagoTunisiaTurkeyTurkmenistanTuvaluUgandaUkraineUnited Arab EmiratesUnited KingdomUnited States of AmericaUruguayUzbekistanVanuatuVatican City (Holy See)VenezuelaVietnamYemenZambiaZimbabwe
Multi User License - $2,500
Coming Soon
Total investment in Europe on construction was about € 1,324 Billion in 2019.
UK construction outputs in 2019 were 20% lower than pre-crisis levels in 2007. Spain and Italy in particular, but also Ireland and Portugal, dragged down Europe overall. These countries had not fully recovered from the most severe downturns and were then hardest hit by the pandemic.
This industry relies heavily on use of equipment and vehicles especially in construction sites and mining sites to cut down labour cost and time for the project.
Brexit will be challenging for Construction equipment manufacturers as EU countries are exporting 41% of construction equipment sold in UK and trade between the UK and EU is more difficult and expensive from January 2021
The first of 2020 came up with much better construction data than expected, but COVID-19 hit and led to a strong downturn, with a total construction decline of 9%, which is less than the overall economic decline of 12%. The downturn hit the service sector stronger than any prior crisis. The construction industry was affected by the pandemic twice. Construction sites had to be closed for around one week in Germany and nearly eight weeks in France and the UK.
In recent history there have never been lockdowns. From August 2020 there is an 11.5% decline in total construction output.
Spanish construction output fell sharply in 2020, recording a contraction of 18.2% in Q4 2020. The lockdown measures imposed by the government in November and the subsequent weakening in economic conditions severely hampered output in the country’s construction industry in 2020. However, it is expected a strong recovery in 2021.
For 2021, the forecast amounts to a growth of 4.1%. Until 2023 total construction output in the Europe is likely to reach € 1.73 trillion and to exceed the pre-corona level of 2019 by € 28 billion or 1.7%.
Europe’s largest construction project, London’s Crossrail is expected to cost over £17.6 billion. The project – “Elizabeth Line” is a 73 mile underground and overground railway line connecting 41 stations across the capital.
Connecting the French and Italian high-speed rail networks, the 270-kilometre Lyon-Turin High-Speed Railway is one of Europe’s most ambitious infrastructure schemes with a price tag of €25BN. Work has begun in 2019 and is expected to take 10 years to complete.
Brexit has made trade more expensive and difficult as additional costs and longer lead times are expected. Higher costs may result from tariffs. Because tariffs on construction machines are generally low, the concern relates to tariffs on intermediate products of the supply chains, which are difficult to quantify.
The EU and the UK committed to zero tariffs on industrial goods but High costs will also originate from the reintroduction of customs formalities, as custom declarations will be needed for every consignment.
Construction equipment market in Europe is segmented as below-
In Europe, Germany accounted for the largest construction equipment market share in Europe during 2019 and is expected to be the fastest- growing market during the next five years.
Europe’s construction market has shrunk by 7.8% in 2020 and will not recover fully until 2023, with estimated growth of 4.1% in 2021, 3.4% in 2022 and 2.4% in 2023.
Europe Construction equipment market is estimated at €40 Billion, growing at XX% CAGR till 2025 along with €26 Billion Exports.
The European companies are interested in R&D department, which they regularly develop new products, adopt expansion strategies, and establish collaborations and partnerships to gain traction in the global construction equipment market.
Xerotech launched a modular battery platform, which could potentially be used across an entire range of electrically-powered construction equipment Combining seven variants of modules with a choice of battery cell chemistry, the Hibernium system can range in power from 15kWh up to 300kWh.
Volvo CE launched a totally electric machine. It is the 3rd prototype of this type from the manufacturer, after the HX2 mini dumper and the EX2 mini excavator, that shows the interest in this technology. The LX2 compact loader is equipped with a lithium-ion new generation battery.
JCB Power Systems has launched a new range of EU Stage 5-compliant engines to power OEM equipment. Designed for off-highway applications in both mobile and stationary industrial equipment and generators.
Oracle has launched a range of solutions for the construction industry, using artificial intelligence (AI) to analyse project data. The suite of solutions is designed to help users detect risks and make more informed project decisions and the first application within the range, Oracle Construction Intelligence Cloud Service.
Juniper Systems enhances customization for ultra-rugged devices such as GPS and sub-meter DGPS, digital camera, Bluetooth, Wi-Fi and cell modem connectivity, as well as devices with full alphanumeric keyboards, designed for applications in utilities, meter reading, GIS mapping, landscape management, public safety, and several other public services for Construction equipment.
Caterpillar Mining has partnered with Thorough Tec Simulation in an effort to provide the latest-generation, simulator-based equipment training to its customers. The goals of the partnership are to boost productivity, increase machine availability and create more sustainable mining operations.
