This dossier presents graphs and tables about the construction equipment industry in Europe. Providing a market segmentation, it also provides revenue figures of the major construction machinery manufacturers in the region.
Table of Contents
Overview
Segments
Companies
1. Overview
Description: The construction industry grew to a spending value of close to 12 trillion U.S. dollars before the coronavirus pandemic, and is expected to grow by three percent per annum. This includes building projects in real estate – either residential or commercial – but also in infrastructure or industrial structures. Construction spending data includes cost of labor and materials, architectural and engineering work, and taxes.
Description: The global construction equipment market was estimated at 136.3 billion U.S. dollars in 2020. This market is expected to increase to around 234.6 billion U.S. dollars by 2030.
Description: China is expected to account for more than 20 percent of the global construction equipment market in 2022. That year, about 228,330 units are expected to be sold in China.
Description: Global construction machinery sales are expected to range between one and 1.1 million units in 2022. Globally, the sales volume is anticipated to witness moderate growth of one percent between 2021 and 2022.
Description: The global market for heavy construction equipment is expected to increase continuously in the upcoming years based on a 2020 forecast. By 2030, this market is expected to be worth over 273 billion U.S. dollars.
Description: Global sales of construction equipment are expected to reach approximately 1.1 million units by 2023. The global construction equipment market is projected to remain flat between 2018 and 2023 with construction equipment sales predicted to hover around the one million unit mark.
Description: Construction equipment sales in Europe increased continuously and reached a peak in 2019. After the coronavirus (COVID-19) pandemic hit, the industry experienced a sharp decline in 2020. It is forecasted that sales figures in this market will surpass its 2019 level by 2022.
Description: 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.
2. Segments
Description: This statistic displays the share of construction equipment sales in selected European countries from 2017 to 2021. In the last four years, Germany was the largest market for construction equipment, accounting for 23 percent of sales in 2021. The United Kingdom and France followed, with 13 percent and 12 percent, respectively.
Description: 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.
Description: 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.
Description: In the aftermath of the coronavirus (COVID-19) pandemic’s emergence in Europe, all segments and product groups increased considerably in 2021. For instance, the road equipment product groups grew by roughly 25 percent during the fourth quarter of 2021 compared to the same period in 2020.
3. Companies
Description: Caterpillar was the world’s largest construction machinery manufacturers in 2020, based on construction equipment sales: Caterpillar sold equipment to the value of around 24.8 billion U.S. dollars.
Description: This statistic shows the sales values for the largest European manufacturers of construction machinery in 2020 With over 8.8 billion U.S. dollars in sales, the Swedish Volvo Construction Equipment was ranked first in Europe.
Description: This statistic represents Liebherr’s global sales between the fiscal year of 2008 and the fiscal year of 2021. In the fiscal year of 2021, the Swiss manufacturer of construction and mining equipment generated around 11.6 billion euros in revenue.
Description: This statistic represents Liebherr’s global sales in the fiscal year of 2021, by product group. In the fiscal year of 2021, the Swiss manufacturer of construction and mining equipment generated over 2.8 billion euros in revenue from its mobile and crawler cranes segment.
Description: This statistic represents Liebherr’s global sales in the fiscal year of 2021, by region. In the fiscal year of 2021, the Swiss manufacturer of construction and mining equipment generated just under 5.7 billion euros in revenue from activities in EU countries.
Description: This statistic represents Sandvik’s revenue from the fiscal year of 2005 to the fiscal year of 2021. In the fiscal year of 2021, Sandvik generated revenue of around 99.1 billion Swedish kronor (or about 10.9 billion U.S. dollars).
Description: This statistic represents Sandvik’s revenue from the fiscal year of 2019 to the fiscal year of 2021, with a breakdown by segment. In the fiscal year of 2021, Sandvik’s mining and rock solutions generated revenue of over 41 billion Swedish kronor (or about 4.5 billion U.S. dollars).
Description: In the fiscal year of 2021, the truck segment generated over 25.5 billion U.S. dollars of Volvo’s global net sales, representing a rise of just under one percent from close to 25.3 billion U.S. dollars in 2020. Volvo is one of the largest truck manufacturers worldwide.
Source from Statista
The information set forth above is provided by Statista independently of Alibaba.com. Alibaba.com makes no representation and warranties as to the quality and reliability of the seller and products.
