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COVID-19 Impact & Recovery Analysis | Construction Equipment Market in Europe (2020-2024)|Use Of Telematics to boost the Market Growth | Technavio

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Technavio has been monitoring the construction equipment market in Europe and it is poised to grow by $ 19.98 bn during 2020-2024, progressing at a CAGR of almost 7% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.

Although the COVID-19 pandemic continues to transform the growth of various industries, the immediate impact of the outbreak is varied. While a few industries will register a drop in demand, numerous others will continue to remain unscathed and show promising growth opportunities. Technavios in-depth research has all your needs covered as our research reports include all foreseeable market scenarios, including pre- & post-COVID-19 analysis. Download a Free Sample Report on COVID-19 Impacts

Frequently Asked Questions:

  • What are the major trends in the market? Improving employment level, low-interest rates, and growing refugee population is a major trend driving the growth of the market.
  • At what rate is the market projected to grow? The year-over-year growth for 2020 is estimated at 6.62% and the incremental growth of the market is anticipated to be $ 19.98 billion.
  • Who are the top players in the market? AB Volvo, Atlas Copco AB, Caterpillar Inc., CNH Industrial NV, Doosan Heavy Industries & Construction Co. Ltd., Hitachi Construction Machinery Co. Ltd., J.C. Bamford Excavators Ltd., Kawasaki Heavy Industries Ltd., Komatsu Ltd., and Liebherr-International AG, are some of the major market participants.
  • What are the key market drivers? The use of telematics is one of the major factors driving the market.
  • How big is the Rest of Europe market? The APAC region will contribute 48% of the market share.

The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. AB Volvo, Atlas Copco AB, Caterpillar Inc., CNH Industrial NV, Doosan Heavy Industries & Construction Co. Ltd., Hitachi Construction Machinery Co. Ltd., J.C. Bamford Excavators Ltd., Kawasaki Heavy Industries Ltd., Komatsu Ltd., and Liebherr-International AG are some of the major market participants. The use of telematics will offer immense growth opportunities. To make most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

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Technavio’s custom research reports offer detailed insights on the impact of COVID-19 at an industry level, a regional level, and subsequent supply chain operations. This customized report will also help clients keep up with new product launches in direct & indirect COVID-19 related markets, upcoming vaccines and pipeline analysis, and significant developments in vendor operations and government regulations.

Construction equipment market in Europe 2020-2024: Segmentation

Construction equipment market in Europe is segmented as below:

  • Product
    • Earthmovers
    • Road Equipment
    • Concrete Equipment
    • Cranes
  • Geographic Landscape
    • Germany
    • France
    • The UK
    • The Rest Of Europe

To learn more about the global trends impacting the future of market research, download a free sample: https://www.technavio.com/talk-to-us?report=IRTNTR40774

Construction equipment market in Europe 2020-2024: Scope

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. The construction equipment market in Europe report covers the following areas:

  • Construction equipment market in Europe Size
  • Construction equipment market in Europe Trends
  • Construction equipment market in Europe Industry Analysis

This study identifies improving employment level, low-interest rates, and growing refugee population as one of the prime reasons driving the Construction equipment market growth in Europe during the next few years.

Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavios in-depth research has direct and indirect COVID-19 impacted market research reports.

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Construction equipment market in Europe 2020-2024: Key Highlights

  • CAGR of the market during the forecast period 2020-2024
  • Detailed information on factors that will assist construction equipment market growth in Europe during the next five years
  • Estimation of the construction equipment market size in Europe and its contribution to the parent market
  • Predictions on upcoming trends and changes in consumer behavior
  • The growth of the construction equipment market in Europe
  • Analysis of the markets competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of construction equipment market vendors in Europe

Table of Contents:

Executive Summary

Market Landscape

  • Market ecosystem
  • Value chain analysis

Market Sizing

  • Market definition
  • Market segment analysis
  • Market size 2019
  • Market outlook: Forecast for 2019 – 2024

Five Forces Analysis

  • Bargaining power of buyers
  • Bargaining power of suppliers
  • Threat of new entrants
  • Threat of substitutes
  • Threat of rivalry
  • Market condition

Market Segmentation by Product

  • Earthmovers – Market size and forecast 2019-2024
  • Road equipment – Market size and forecast 2019-2024
  • Cranes – Market size and forecast 2019-2024
  • Concrete equipment – Market size and forecast 2019-2024

Customer landscape

Geographic Landscape

  • Geographic segmentation
  • Germany – Market size and forecast 2019-2024
  • France – Market size and forecast 2019-2024
  • UK – Market size and forecast 2019-2024
  • Rest of Europe – Market size and forecast 2019-2024
  • Key leading countries
  • Market opportunity by geography

Drivers, Challenges, and Trends

  • Market drivers
  • Volume driver – Demand led growth
  • Volume driver – Supply led growth
  • Volume driver – External factors
  • Volume driver – Demand shift in adjacent markets
  • Price driver – Inflation
  • Price driver – Shift from lower to higher priced units
  • Market challenges
  • Market trends

Vendor Landscape

  • Overview
  • Vendor landscape
  • Landscape disruption

Vendor Analysis

  • Vendors covered
  • Market positioning of vendors
  • AB Volvo
  • Atlas Copco AB
  • Caterpillar Inc.
  • CNH Industrial NV
  • Doosan Heavy Industries & Construction Co. Ltd.
  • Hitachi Construction Machinery Co. Ltd.
  • J.C. Bamford Excavators Ltd.
  • Kawasaki Heavy Industries Ltd.
  • Komatsu Ltd.
  • Liebherr-International AG

Appendix

  • Scope of the report
  • Currency conversion rates for US$
  • Research methodology
  • List of abbreviations

About Us

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavios report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavios comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Technavio Research

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Email: media@technavio.com

Website: www.technavio.com/

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