Europe Heavy Construction Equipment Market Trends, Size, Segment and Growth by Forecast to 2030

Executive Summary and Europe Heavy Construction Equipment
Market Analysis

The global heavy construction equipment market is projected
to grow from US$ 62.50 billion in 2024 to US$ 89.30 billion by 2031,
registering a compound annual growth rate (CAGR) of 5.30% from 2025 to 2031.

In Europe, the heavy construction equipment market is segmented into Germany, France,
Italy, the UK, Russia, Sweden, Norway, Denmark, Belgium, the Netherlands,
Finland, and the Rest of Europe. Robust growth in construction activities
across Germany, France, Italy, Spain, and several other European countries is a
key driver behind the market expansion. Notably, Germany's government has
announced plans to invest US$ 432 billion in infrastructure development,
focusing on railways, motorways, and energy infrastructure projects, under the
direction of its Finance Ministry.

Additionally, rising government investments across Europe in
infrastructure and industrial projects are further fueling market growth. For
instance, according to the European Commission, the European Union allocated
US$ 5.76 billion in June 2022 to enhance sustainable, safe, and efficient
transport infrastructure. Furthermore, data from the European Construction
Industry Federation indicates that the EU’s total investment in new
construction reached US$ 1,753.01 billion in 2023, underscoring the region's strong
commitment to infrastructure development.

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Europe Heavy Construction Equipment Market: Segmentation
Analysis

The analysis of the Europe heavy construction equipment
market is based on four key segments: machine type, power output, propulsion
type, and end-use industry.

• By
  Machine Type:
  
  The market is segmented into earth-moving equipment, material handling
  equipment, heavy construction vehicles, and others. Among these, the earth-moving
  equipment segment dominated the market share in 2024.


• By
  Power Output:
  
  The market is categorized into equipment with power outputs of less
  than 100 HP, 101–200 HP, 201–400 HP, and above 400 HP. In 2024,
  the 201–400 HP segment accounted for the largest market share.


• By
  Propulsion Type:
  
  Segments include Internal Combustion Engine (ICE) and Electric
  equipment. The ICE segment remained the leading contributor to the
  market in 2024.


• By
  End-use Industry:
  
  The market is divided into building and construction, forestry &
  agriculture, mining, and others. The building and
  construction sector represented the 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 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
heavy construction equipment market.

The heavy construction equipment market in Europe is one of
the most mature and well-established markets worldwide. The market is impacted
by various economic conditions, technological advancements, infrastructure
needs, government policies, and industry-specific drivers. Europe’s commitment
to infrastructure development, modernization, and sustainability is a key
driver for the heavy construction equipment market. Many European countries are
investing heavily in large-scale public infrastructure projects such as roads,
railways, ports, airports, and smart cities. For instance, the European Union’s
(EU) Green Deal is a substantial initiative to achieve carbon neutrality by
2050, which will require significant investments in sustainable infrastructure
projects, renovating old buildings, building new eco-friendly infrastructure,
and smart energy grids. These projects require the use of advanced heavy
construction machinery, such as excavators, loaders, bulldozers, cranes, and
pavers, to facilitate earthworks, site preparation, and construction.

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.

The UK is another attractive country for the heavy
construction equipment market and provides several lucrative opportunities to
manufacturers and producers. The UK government planned to invest ~US$
879.80–974.06 billion for infrastructure development from 2023 to 2033. In
2023, approximately US$ 476.35 billion investment has been confirmed for energy
and transportation projects in the UK. Manufacturers are engaged in developing
innovative products to meet the growing demand for advanced technologies in the
construction industry. For instance, in November 2023, CASE Construction
Equipment company launched four new F-Series Evolutionary compact wheel loader
models such as 121F, 21F, 221F, and 321F. These models feature higher travel
speeds and an upgrade with advanced control systems and connectivity. The
building and construction industry in the UK is growing at a significant pace.
According to the International Trade Administration, the UK's construction
sector market was valued at US$ 386 billion in 2023. The construction subsector
in the UK increased by 4.6% in 2023 compared to 2022. The UK government
spending reached US$ 127.4 billion in 2023 to support economic infrastructure
development in the country. Such growing investments in the construction industry
have created massive demand for heavy construction equipment.

Europe Heavy Construction Equipment Market Report
Highlights

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.

Europe Heavy Construction Equipment Market Research
Methodology :

The following methodology has been followed for the
collection and analysis of data presented in this report:

• Secondary
  Research

The research process begins with comprehensive secondary
research, utilizing both internal and external sources to gather qualitative
and quantitative data for each market. Commonly referenced secondary research
sources include, but are not limited to:

• Company
  websites, annual reports, financial statements, broker analyses, and
  investor presentations.


• Industry
  trade journals and other relevant publications.


• Government
  documents, statistical databases, and market reports.


• News
  articles, press releases, and webcasts specific to companies operating in
  the market.

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Author’s Bio
Akshay
Senior Market Research Expert at Business Market Insights