Europe Construction Equipment Market 2022-2027

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    Published- April 2022

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    EUROPE CONSTRUCTION EQUIPMENT MARKET

     

    KEY FINDINGS

    • Regulations Stage V emissions from non-road mobile machinery (NRMM) was published on the Official Journal of the European Union that this amendment to the Stage V Regulation, extended the deadlines due to pandemic for the production and placing on the market of NRMM and tractors fitted with transition engines <56kW and ≥130kW. But the NRMM and tractors fitted with transition engines between 56kW and 130kW are not affected by this extension and retain the applicable 2021 deadlines.
    • The construction sector is a fundamental component of Europe’s economic growth and a major source of employment. It generates about 9% of gross domestic product (GDP) in the EU and provides almost 13 million direct jobs.
    • European Investment Bank (EIB) estimates that economic infrastructure investment needs for energy, transport, water and sanitation, and telecoms are as much as €688 billion per year.
    • New Technologies and Machinery Legislation, the European Commission mentioned its intention to propose an 18-months transition period for the implementation of the new Machinery legislation. There are approximately 800 standards harmonised to the current Machinery Directive.

     

    INTRODUCTION

    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

     

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    EUROPE CONSTRUCTION EQUIPMENT MARKET DYNAMICS

    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.

     

    A Memorandum of Understanding extending cooperation between the two continental organizations was signed by the presidents of ICEMA and CECE. The signing was announced at the conclusion of the first virtual CECE-ICEMA Summit of its kind.

     

    The Memorandum of Understanding outlines the conditions under which CECE and ICEMA will cooperate on a bilateral basis. Understanding reciprocal market developments and enhancing market access and international trade are the main goals of the collaboration.

     

    Together, CECE and ICEMA promise to work toward greater cooperation in the areas of regulatory convergence, information sharing, and market openness. The markets in Europe and India both present enormous potential for the construction equipment sector.

     

    The EU and Indian construction equipment industries will advance in key areas of shared interest thanks to joint efforts and dialogues between the two global associations.

     

    In order to provide customers with digital transformation for earthmoving equipment in the Czech Republic and Slovakia, Komatsu’s Smart Construction digital platform has partnered with Kuhn Bohemia, a division of Komatsu Distributor Kuhn Group.

     

    In order to assist clients in digitally transforming their businesses, Kuhn Bohemia will now provide services like equipment rental, 3D data creation, jobsite setup, and on-site advisory, supported by Komatsu’s Smart Construction.

     

    Meanwhile, Komatsu claimed that the knowledge gained would be put to good use, allowing Smart Construction to develop novel solutions to address the needs of its clients.

     

    EUROPE CONSTRUCTION EQUIPMENT MARKET SEGMENTATION

    Construction equipment market in Europe is segmented as below-

     

    Equipment Category

    • Earthmovers
    • Road equipment
    • Concrete equipment
    • Cranes

     

    Power Output

    • <100 Hp
    • 101–200 Hp
    • 201–400 Hp
    • >400 Hp

     

    Drive Type

    • IC Engine
    • Electric and Hybrid

     

    Geographic Landscape

    • Germany
    • France
    • The UK
    • Italy
    • Spain
    • East Europe
    • Rest of Europe

     

     

    EUROPE CONSTRUCTION EQUIPMENT MARKET SIZE AND FORECAST

    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.

     

     

    POWERTRAN TRENDS IN EUROPEAN CONSTRUCTION EQUIPMENT MARKET

    OEM 

     

     

    Vehicle Type  No of Models  Engine Supplier  Engine Capacity  Power 
    Liebherr Wheeled Excavators  5 FPT, Liebherr & Deutz  3.6 – 4.5L  116 – 175HP 
     Crawler Excavators  8 Deutz & Liebherr  3.6 – 16.16L  122 – 571HP 
    Articulated Dump Trucks  1 Liebherr  12L  360HP 
    Wheeled Loaders  8 Yanmar & Liebherr  4.5 – 10.5L  63 – 354HP 

     

     

    EUROPE CONSTRUCTION EQUIPMENT MARKET RECENT LAUNCH

     

    In Europe, CASE Construction Equipment introduced the new Mini-Excavator D-Series line, which includes 20 models ranging from 1-tonne to 6-tonne, as well as two electric variants.

     

    Each new D-Series Mini-Excavator is equipped with the latest technology, features, and attachments for all markets and applications, in addition to the range offering a complete line-up of machines that deliver a solution for any customer’s need.

     

    In addition, the European CASE D-Series Mini-Excavator series is produced in dedicated plants in Italy, using synergies in innovation, technology, expertise, and production.

     

    Volvo Construction Equipment (Volvo CE) has announced that three new electric-powered compact equipment would be introduced. The new L20 Electric from Volvo CE is a 4.5-ton wheel loader with a 1.8-ton payload and a 1.65-meter track width.

     

    The L20 Electric has a parallel-type linkage for better vision over the attachment in use, as well as 100% parallel movements for fork applications. The new EC18 and ECR18 electric compact excavators are similar to their diesel counterparts in many ways.

     

    The same machine constructions, a high level of operator comfort, the same hydraulics systems, and optimised lifting and digging capabilities are just a few of them.

     

    The next-generation SK550DLC-11 demolition excavator from Kobelco Construction Machinery Europe has been released, with improved engine performance, higher durability, and improved operator comfort over its preceding model.

     

    The SK550DLC-11 machine has four ultra-long attachment options and can work to a maximum height of 27.5m. The separate boom arrangement is appropriate for dealing with lower floors of tall buildings, and reinforced attachments may be simply replaced on the job site.

     

    According to a KHL Group report, there are an increasing number of electric construction equipment products on the market, with as many as 140 non-combustion machines introduced and almost half of launches being electric.

     

    Around 75 of the 860 machines that have been upgraded or added to KHL’s online equipment sourcing guides are brand-new items. 36 of them are powered by electricity. The four online databases created by KHL—Construction Sourcing Guide, D&RI Buyers Guide, Access Buyers Guide, and World Crane Guide—were used for the analysis.

     

    These include aerial platforms, compaction, cranes, demolition, and earthmoving machinery.

     

    Many scissor lifts and smaller booms have historically been battery operated, but there have been electric product releases across the board. Aerial platforms make up a sizable share of the new electric items.

     

    According to an analysis of recent launches, between 5 and 6 percent of new machines (aerial platforms excluded) are believed to be electric. Tracked excavators, wheeled loaders (including small models), and tracked loaders are the earthmoving categories with the highest percentage of electric models, followed by site dumpers and backhoe loaders.

     

    The transition to electric is also evident in road construction equipment, where more than 20% of new single and tandem rollers were battery-powered. New mobile crushers also tended to be electric to a sixth.

     

    Crawler and industrial cranes were the goods in the cranes market that were most likely to be electrified.

     

    COMPETITIVE LANDSCAPE

    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.

     

     

    COMPANIES PROFILED

     

    THIS REPORT WILL ANSWER FOLLOWING QUESTIONS

    1. What is the average cost per Europe Construction Equipment Market right now and how will it change in the next 5-6 years?
    2. Average cost to set up a Construction Equipment Market in Europe?
    3. How many Europe Construction Equipment Market are manufactured per annum globally? Who are the sub-component suppliers in different regions?
    4. What is happening in the overall public, globally?
    5. Cost breakup of a Europe Construction Equipment Market and key vendor selection criteria
    6. Where is the Europe Construction Equipment Market  manufactured? What is the average margin per equipment?
    7. Market share of Europe Construction Equipment Market manufacturers and their upcoming products
    8. The most important planned Europe Construction Equipment Market in next 2 years
    9. Details on network of major Europe Construction Equipment Market and pricing plans
    10. Cost advantage for OEMs who manufacture Europe Construction Equipment Market in-house
    11. 5 key predictions for next 5 years in Europe Construction Equipment Market
    12. Average B-2-B Europe Construction Equipment Market price in all segments
    13. Latest trends in Europe Construction Equipment Market, by every market segment
    14. The market size (both volume and value) of Europe Construction Equipment Market in 2022-2030 and every year in between?
    15. Global production breakup of Europe Construction Equipment Market, by suppliers and their OEM relationship
    Sl no Topic
    1 Market Segmentation
    2 Scope of the report
    3 Abbreviations
    4 Research Methodology
    5 Executive Summary
    6 Introduction
    7 Insights from Industry stakeholders
    8 Cost breakdown of Product by sub-components and average profit margin
    9 Disruptive innovation in the Industry
    10 Technology trends in the Industry
    11 Consumer trends in the industry
    12 Recent Production Milestones
    13 Component Manufacturing in US, EU and China
    14 COVID-19 impact on overall market
    15 COVID-19 impact on Production of components
    16 COVID-19 impact on Point of sale
    17 Market Segmentation, Dynamics and Forecast by Geography, 2022-2027
    18 Market Segmentation, Dynamics and Forecast by Product Type, 2022-2027
    19 Market Segmentation, Dynamics and Forecast by Application, 2022-2027
    20 Market Segmentation, Dynamics and Forecast by End use, 2022-2027
    21 Product installation rate by OEM, 2022
    22 Incline/Decline in Average B-2-B selling price in past 5 years
    23 Competition from substitute products
    24 Gross margin and average profitability of suppliers
    25 New product development in past 12 months
    26 M&A in past 12 months
    27 Growth strategy of leading players
    28 Market share of vendors, 2022
    29 Company Profiles
    30 Unmet needs and opportunity for new suppliers
    31 Conclusion
    32 Appendix

     

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