Europe Heavy Construction Equipment Market size is expected to reach US$ 68.22 billion by 2031 from US$ 44.67 billion in 2024. The market is estimated to record a CAGR of 6.24% from 2024 to 2031.
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Executive Summary and Europe Heavy Construction Equipment Market Analysis:
The Europe Heavy Construction Equipment market in Europe is segmented into Germany, France, Italy, the UK, Russia, Sweden, Norway, Denmark, Belgium, the Netherlands, Finland, and the Rest of Europe. Increasing construction activities in Germany, France, Italy, Spain, and many other countries in Europe is one of the significant factors contributing to the growth of the Europe Heavy Construction Equipment market. Germany’s government planned to invest US$ 432 billion for infrastructure development. The Finance Minister of Germany planned this investment for the country’s construction of railways, motorways, and energy infrastructure. In addition, the increasing investment by governments of countries in Europe in infrastructure and industrial development is contributing to the market growth. For instance, according to the European Commission, in June 2022, the European Union planned to invest US$ 5.76 billion in sustainable, safe, and efficient transport infrastructure. Also, as per the European Construction Industry Federation, the European Union’s total investment for new construction reached US$ 1,753.01 billion in 2023.
Europe Heavy Construction Equipment Market Segmentation Analysis
Key segments that contributed to the derivation of the Heavy Construction Equipment Market analysis are machine type, power output, propulsion type, and end-use industry.
- By machine type, the Europe Heavy Construction Equipment market is segmented into earth-moving equipment, material handling equipment, heavy construction vehicles, and others. The earth-moving equipment segment held a larger share of the market in 2024.
- In terms of power output, the market is segmented into less than 100 HP, 101–200 HP, 201–400 HP, and above 400 HP. The 201–400 HP segment held the largest share of the market in 2024
- By propulsion type, the Europe Heavy Construction Equipment market is segmented into Internal Combustion Engine (ICE), and Electric. The ICE segment held a larger share of the market in 2024.
- By end-use industry, the Europe Heavy Construction Equipment market is segmented into building and construction, forestry & agriculture, mining, others. The building and construction segment held a largest share of the market in 2024
Europe Heavy Construction Equipment Market Outlook
The increasing investment in new construction in Europe has created a massive demand for heavy construction equipment. Moreover, the key players operating in the Europe Heavy Construction Equipment market, such as Liebherr-International Deutschland GmbH, Caterpillar, Inc.; Volvo Construction Equipment, Komatsu Ltd.; JC Bamford Excavators Limited, are focused on the development of advanced technology-based construction equipment. In November 2023, Liebherr-International Deutschland GmbH launched a new range of tunnel excavator R 930. The tunnel crawler excavator was developed at Liebherr-France SAS in Colmar, France. It is compact and allows high-level performance for all types of underground construction applications. In October 2024, Sany Group launched the first medium-sized electric excavator for the European market. Such increasing development of new equipment by the major players drives the Europe Heavy Construction Equipment market.
Europe Heavy Construction Equipment Market Country Insights
Based on Geography, the Europe Heavy Construction Equipment Market comprises of Germany, UK, France, Italy, Russia, Spain, Poland, Switzerland, Sweden, Norway, Denmark, Belgium, Finland, Portugal, Greece, Netherlands, Ukraine, Luxembourg, Austria, Romania, and Rest of Europe. The UK held the largest share in 2024.
Europe Heavy Construction Equipment Market Report Highlights
| Attribute | Details |
| Market Size (2024) | US$ 44.67 Billion |
| Market Size (2031) | US$ 68.22 Billion |
| CAGR (2025–2031) | 6.24% |
| Historical Data | 2022–2023 |
| Forecast Period | 2025–2031 |
| Segments Covered | Machinery Type, Propulsion Type, Power Output, End Use Industry |
| Machinery Types | Earthmoving, Material Handling, Heavy Construction Vehicles |
| Propulsion Types | ICE, Electric |
| Power Output Segments | <100 HP, 101–200 HP, 201–400 HP, 401+ HP |
| End Use Industries | Building & Construction, Forestry & Agriculture, Energy & Power, Mining |
| Regions Covered | Europe (UK, Germany, France, Russia, Italy, Rest of Europe) |
Europe Heavy Construction Equipment Market Company Profiles
Some of the key players operating in the market includes Caterpillar Inc., Komatsu Ltd., Volvo Construction Equipment, Liebherr Group, and Hitachi Construction Machinery, among others. These players are adopting various strategies such as expansion, product innovation, and mergers and acquisition to provide innovative products to their consumers and increase their market share.
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Akshay
Senior Market Research Expert at Business Market Insights
