The Europe Construction Equipment Market would witness market growth of 3.3% CAGR during the forecast period (2021-2027).
Wheel Tractor Scrapers are excavator machines that scrape the soil surface to make it flat. The front section has a wheeled tractor vehicle, while the back part has a scraping arrangement that includes a horizontal front blade, a conveyor belt, and a soil collecting hopper. While the front blade is descended to the ground and the vehicle is operated, the blade begins to dig the dirt above the blade level, and the excavated soil is gathered in the hopper through the conveyor belt. When the hopper is filled, the back section of the hopper is raised off the ground and the hopper is unloaded at a soil dump yard.
The soil or material surface is compacted via rollers or compactors. There is a broad variety of compactors that are available for various compacting applications. Smooth wheel rollers are being used to flatten superficial layers of earth, asphalt, and other similar materials. Deep compaction is accomplished by sheep-foot rollers. Fine-grained soils, asphalt layers, and other materials can be compacted by pneumatic tired rollers.
The growth of the regional market is likely to increase as a result of rising demand for new housing units, better employment levels, and other factors. Additionally, Europe is predicted to have a substantial possibility to grow throughout the forecast period, as Germany is home to Europe's best-performing equipment and machine sector.
For non-road mobile machinery (NRMM), like construction equipment, inland canal vessels, railroad engines, and off-road leisure vehicles, the European Commission has proposed the most stringent emission rules. The EU Parliament's Stage V rules, which were enacted in July 2016 and issued in the Journal of the EU as Directive (EU) 2016/1628 in September 2016, tightened limitations on non-road engines and equipment while also imposing harsher limits on particulate matter emissions (PM). Manufacturers are expected to equip non-road engines with diesel particulate filters as a result of these modifications, as well as the newly suggested particle number (PN) limitations.
The Germany market dominated the Europe Construction Equipment Market by Country in 2020, and would continue to be a dominant market till 2027; thereby, achieving a market value of $7,745.2 million by 2027. The UK market is estimated to grow at a CAGR of 2.5% during (2021 - 2027). Additionally, The France market would display a CAGR of 4.1% during (2021 - 2027).
Based on Product, the market is segmented into Earth Moving Machinery, Material Handling Machinery, and Concrete & Road Construction Machinery. Based on Earth Moving Machinery Type, the market is segmented into Excavator, Loader, and Others. Based on Material Handling Machinery Type, the market is segmented into Crawler Cranes, Trailer Mounted Cranes, and Truck Mounted Cranes. Based on Concrete & Road Construction Machinery Type, the market is segmented into Concrete Mixer & Pavers, Construction Pumps, and Others. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
Free Valuable Insights: The Global Construction Equipment Market Size will Hit $136.7 Billion by 2027, at a CAGR of 3.5%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Caterpillar, Inc., Kobelco Construction Machinery Co., Ltd. (Kobe Steel, Ltd.), Komatsu Ltd., Liebherr-International AG, Sumitomo Heavy Industries, Ltd., Terex Corporation, Volvo Group, Zoomlion Heavy Industry Science & Technology Co., Ltd., Hitachi Construction Machinery Co., Ltd. (Hitachi ltd.), Hyundai Heavy Industries Co., Ltd. (Hyundai Construction Equipment Co., Ltd.)
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