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Demand for Earthmoving and Material Handling Equipment in Germany is Set to Increase. Total Construction Equipment Sale to Cross 100,000 Units Annually by 2028 - Arizton

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Arizton Advisory & Intelligence

08 Dec, 2022, 16:00 GMT

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CHICAGO, Dec. 8, 2022 /PRNewswire/ -- According to Arizton's latest research report, Germany construction equipment market will grow at a CAGR of 4.02% during 2021-2028. The country's new government under the 'Federal Ministry for Housing, Urban Development and Building in 2022 has aimed to expand housing construction. It has planned to build 400,000 apartments every year. Under the Housebuilding subsector, investments grew by 39% in 2021, where the number of new flats and houses coming to the market doubled to more than 300,000 units. Such initiatives by the government give a significant boost to the Germany construction equipment market.

Market Size and Forecast is projected in:

  • Value ($ Billion)- USD 5.94 Billion
  • Volume (Units)- 101,807 Units

The Germany Rail (Deutsche Bahn) and the federal government have targeted to spend USD 13.56 billion in 2022, which is a 6.3% increase compared to 2021. This investment by the government majorly focuses on renewing and modernizing Germany's rail infrastructure. The country has planned to mend bridges on much of the country's Autobahn network. A budget of USD 529.17 million has been set by the German Government's Road firm, Autobahn, in 2022.

In addition, the German government allotted USD 372.42 million for road construction projects in 2022 in the Brandenburg region, which is approximately USD 5 million higher than in 2021, which will significantly contribute to the Germany construction equipment market growth.

Germany Construction Equipment Market Report Scope

Report Attributes

Details

Market Size - Volume (2028) 

101,807 Units 

Market Size (2028)

USD 5.94 Billion

CAGR (2021-2028) 

4.02 %

Historic Year 

2019-2020 

Base Year 

2021

Forecast Year 

2022-2028 

Type 

Earthmoving Equipment, Road Construction Equipment, Material Handling Equipment, and End-User

Key Leading Vendors 

Key Vendors: Caterpillar, Liebherr, Komatsu, Volvo, SANY, Hitachi Construction Machinery, Xuzhou Construction Machinery Group Co. Ltd. (XCMG), Hyundai Construction Equipment, and JCB

Other Prominent Vendors: Kobelco, CNH Industrial

Manitou, Takeuchi Manufacturing, Liu Gong, and Yanmar

Distributors Profiles: Tecklenborg Construction and Industrial Machines, KUHN- BAUMASCHINEN.DE, Schlüter Baumaschinen GmbH, SWECON, and Thomas Baumaschinen

Market Dynamics 

·  Investment in Public Transport: Rails, Roads & Bridges

·  Investment in Green Infrastructure Strategy

·  High Demand for Excavators due to the Rise in Mining, Construction, and Smart City Projects

Page Number  

111

Customization Request  

If our report does not include the information you are searching for, you may contact us to have a report tailored to your specific business needs https://www.arizton.com/customize-report/3623

Click to Download the Free Sample Report Now 

The Earthmoving Segment Accounted for the Largest Share
In 2021, the earthmoving segment accounted for a share of 56.5% of the Germany construction equipment market. Excavators accounted for the largest market share of 54.3% of the earthmoving segment.

Germany's National Development Plan 2030 has increased the number of civil engineering and housing projects in 2021, which, in turn, is expected to support the demand for excavators in Germany.

High Demand for Excavators Due to Mining, Construction, and Smart City Projects
Regardless of the Covid-19 impact, investment opportunities in the construction industry have attracted foreign investors who have aided the construction equipment market in 2021. The government's aid in the residential projects, rise in infrastructure construction, increase in FDI and surge in the rental investment of construction equipment is expected to lead the Germany construction equipment market.

The growing demand for excavators is attributable to the improvements in the mining and construction sectors and a few government projects like the smart city project. The smart city project is supported by the government's investment of USD 751.42 million. The mining industry consumes a large part of the excavator industry in Germany. Hard coal and lignite make up most of the mineral resources extracted in the country.

Investment in Green Infrastructure Strategy
The country has targeted investing USD 220 billion by 2026 to support the industrial transformation, including climate protection, hydrogen technology, and electric vehicle charging station expansion. The construction machinery and building experienced a 22% increase from the previous year (2020) due to the infrastructure push with highways, dams, and green cities, which require tons of heavy machinery; such activities are contributing to the Germany construction equipment market.

Germany and Indonesia have contracted to work on Green Infrastructure Project, where approximately USD 2.7 billion worth of loan amount will be made accessible for the infrastructure related to climate and the environment. Some notable projects scheduled under this are Green Infrastructure at Leipzig, MoorFutures in Mecklenburg, and Urban GreenUP.

Vendor Insights

  • Caterpillar has the strongest share in the German construction equipment market. Caterpillar, Volvo, Komatsu & Liebherr are the among the market leaders in the German industry, has a strong distribution network & provide a wide variety of products.
  • Hitachi Construction Machinery & XCMG are emerging strong in the German market. These companies are introducing innovative products to capture the Germany construction equipment market share. For instance, in 2022, XCMG launched a new electric all-terrain crane, excavator, and loader at the Bauma festival in Germany.
  • Hitachi Construction Machinery launched a wheeled excavator ZX135W-7 in the German construction equipment market, comprising a 360-degree swing radius, 2.2m arm length, and a Stage V-compliant 4-cylinder engine in Germany.

Key Companies Mentioned in the Report

  • Caterpillar
  • Liebherr
  • Komatsu
  • Volvo
  • SANY
  • Hitachi Construction Machinery
  • Xuzhou Construction Machinery Group Co. Ltd. (XCMG)
  • Hyundai Construction Equipment
  • JCB

Other Prominent Vendors

  • Kobelco
  • CNH Industrial
  • Manitou
  • Takeuchi Manufacturing
  • Liu Gong
  • Yanmar

Distributors Profiles

  • Tecklenborg Construction and Industrial Machines
  • KUHN- BAUMASCHINEN.DE
  • Schlüter Baumaschinen GmbH
  • SWECON
  • Thomas Baumaschinen

The Report Provides Market Size & Forecast for the Following Segments

  • Earthmoving Equipment:
    • Excavator
    • Backhoe Loaders
    • Motor Graders
    • Other Earthmoving Equipment (Other loaders, Bulldozers, Trenchers)
  • Material Handling Equipment
    • Crane
    • Forklift & Telescopic Handlers
    • Aerial Platforms (Articulated Boom Lifts, Telescopic Boom lifts, Scissor lifts)
  • Road Construction Equipment
    • Road Rollers
    • Asphalt Pavers
  • End Users
    • Construction
    • Manufacturing
    • Mining
    • Others

Click to Download the Free Sample Report Now 

Check Out Some of the Top-Selling Related Research Reports:  

France Used Construction Equipment Market -  France used construction equipment market was estimated at 17,558 units in 2021 and expected to reach 21,058 units by 2028. Rising government investment in the upgradation of public transport and infrastructure due to the upcoming Olympic 2024 is expected to drive the demand for used construction equipment. Government investment in infrastructure projects & supply chain disruptions of new equipment support used construction equipment market.

Germany Used Construction Equipment Market -  Germany used construction equipment market was estimated at USD 1.02 billion in 2021 and expected to reach USD 1.22 billion by 2028. Rising investment in public infrastructure renovation and housing projects is expected to support the demand for used equipment in the German market during 2022-2028. The expected number of used construction equipment units sold by 2028 in the market is 28,664.

Germany Mobile Crane Market -  Germany mobile crane market size will be valued at USD 2,027 million by 2027. All the vendors in Germany are getting benefitted by the government initiatives that will fuel the mobile crane market. Tadano recently launched the AR-7000N, the highest lifting capacity All-Terrain Crane. Kobelco is also engaged in developing products and services that combine excavator and crane technologies with IT solutions. With the rise in demand for carbon-neutral products in the market, Konecranes' is offering help and support to customers to shift to a low-carbon future reduce their environmental footprint through eco-efficient products and service solutions. 

Germany Crawler Excavator Market -  Germany excavator market size to reach a volume of 24,514 units by 2027. Komatsu collaborated with Honda motor to manufacture micro electric excavator powered by Honda mobile power pack batteries for civil Engineering and construction industries to add new eco-friendly products in its portfolio and cater to the rise in demand for eco-friendly products in construction machinery industries. Volvo Construction Equipment is a global construction equipment company with headquarters in Gothenburg, Sweden. The company has partnered and collaborated with other leading companies to capitalize on the market demand.

Table of Contents

  • INTRODUCTION
  • MARKET SNAPSHOT
  • EXECUTIVE SUMMARY
  • THE MARKET OVERVIEW
  • ECONOMIC SCENARIO, FOREIGN DIRECT INVESTMENT
  • MARKET LANDSCAPE
  • GERMANY CONSTRUCTION EQUIPMENT MARKET BY TYPE (VOLUME & VALUE)
  • EARTH MOVING EQUIPMENT
  •  
    • EXCAVATOR
    • BACKHOE LOADER
    • MOTOR GRADER
    • OTHER EARTH MOVING EQUIPMENT (OTHER LOADERS, BULLDOZER, TRENCHER, ETC.)
  • MATERIAL HANDLING EQUIPMENT
    • CRANE
    • FORKLIFT AND TELESCOPIC HANDLER
    • AERIAL PLATFORM (ARTICULATED BOOM LIFTS, TELESCOPIC BOOM LIFTS, SCISSOR LIFTS, ETC)
  • ROAD CONSTRUCTION EQUIPMENT
    • ROAD ROLLER
    • ASPHALT PAVER
  • GERMANY CONSTRUCTION EQUIPMENT MARKET BY END-USER (VOLUME & VALUE)
    • CONSTRUCTION
    • MINING
    • MANUFACTURING
    • OTHERS (POWER GENERATION, UTILITIES MUNICIPAL CORPORATIONS, OIL & GAS, CARGO HANDLING, POWER GENERATION PLANTS, WASTE MANAGEMENT, ETC)
  • MARKET DYNAMICS
    • MARKET DRIVERS, RESTRAINTS, TRENDS, ADVANTAGES FOR GERMANY, KEY ECONOMIC REGIONS, IMPORT/EXPORT TRENDS, SUPPLY CHAIN ANALYSIS, COVID-19 IMPACT
  • TECHNOLOGY DEVELOPMENT
    • ADVENT OF NEW TECHNOLOGY
  • COMPETITIVE LANDSCAPE
    • COMPETITIVE LANDSCAPE OVERVIEW
    • MAJOR VENDORS (CATERPILLAR | VOLVO CONSTRUCTION EQUIPMENT| KOMATSU | HITACHI CONSTRUCTION MACHINERY | SANY| LIEBHERR | KOBELCO | HYUNDAI CONSTRUCTION EQUIPMENT | CASE CONSTRUCTION| JCB | YANMAR | LIUGONG | TAKEUCHI)
    • OTHER PROMINENT VENDORS
    • DISTRIBUTORS PROFILE
  • QUANTITATIVE SUMMARY
  • REPORT SUMMARY
    • KEY INSIGHTS
    • ABBREVIATIONS
    • LIST OF GRAPHS
    • LIST OF TABLES
  • REPORT SCOPE & DEFINITION
    • RESEARCH METHODOLOGY
    • RESEARCH OBJECTIVE
    • MARKET DEFINITION, INCLUSION & EXCLUSION

About Us:   

Arizton Advisory and Intelligence is an innovative and quality-driven firm that offers cutting-edge research solutions to clients worldwide. We excel in providing comprehensive market intelligence reports and advisory and consulting services.   

We offer comprehensive market research reports on consumer goods & retail technology, automotive and mobility, smart tech, healthcare, life sciences, industrial machinery, chemicals, materials, I.T. and media, logistics, and packaging. These reports contain detailed industry analysis, market size, share, growth drivers, and trend forecasts.   

Arizton comprises a team of exuberant and well-experienced analysts who have mastered generating incisive reports. Our specialist analysts possess exemplary skills in market research. We train our team in advanced research practices, techniques, and ethics to outperform in fabricating impregnable research reports.   

Click Here to Contact Us   
Call: +1-312-235-2040   
+1 302 469 0707   
Mail: enquiry@arizton.com 

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