Compact Construction Equipment Sales And Revenue Forecast In Italy, France, Germany And UK- Arizton

Arizton Advisory & Intelligence has added the latest four reports on compact construction equipment Market in Italy, France, Germany, and UK. The reports cover industry trends, drivers, opportunities, competitive outlook, market size, sales, and growth forecast for 2023-2029.

The Compact construction equipment demand is driven by the increasing investment in renewable energy resources and the surge in public infrastructure projects. Compact construction equipment will register higher growth due to lesser cost and less suitable conditions of the economy for the purchase of large equipment. Companies are also adopting new strategies to get the maximum benefit of the growing demand for compact construction equipment.

For example, DEVELON (formerly as Doosan) in 2022 launched the first 'Smart Excavator' DX225LC-7X. The machine is equipped with the new FEH (Full Electric Hydraulic) Joystick control technology. John Deere-Hitachi construction equipment ended joint venture of manufacturing and marketing agreement in 2022.

Construction Equipment Companies are Focusing on Adapting Technological Solutions

CNH Industrial's Case Construction in June 2023, opened a new facility in Cesena, Italy, primarily focusing on the production of compact construction equipment.

In January 2023, Volvo CE company launched its Collision Mitigation System for Volvo Wheel Loaders - an automatic braking feature that supports operator response and helps to reduce the risk or consequences of collision while working.

Yanmar in Europe launched the eFuzion (innovative technology). The equipment is a demonstration of a precision machine with a robot arm that shows the possibilities of an autonomous construction machinery of the future.

France Compact Construction Equipment Sales Graph to Witness an Upward Growth of More than 5% during 2022-2029

The France compact construction equipment market is expected to witness sale of more than 57 thousand units by 2029, growing at a CAGR of 5.31%. The market is majorly driven by Government investment in renewable energy resources, increased Investment in public infrastructure projects, and Government investment in housing renovation projects. Small-and-medium contractors prefer mini excavators, which are used for digging, stone plying, and handling medium-sized loads at construction sites. Hence the demand for mini excavators is going to increase in France during the forecast period. According to Analyst at Arizton, the mini excavators will occupy the largest share. Similarly by mobility type crawler excavators occupy almost 90% of the market share in France.

The compact backhoe loaders can operate in rough terrain with more accuracy, so it is ideal choice of water management projects. In 2022, the French government announced its objective of developing 100 territorial water management projects by 2027. A surge in government investments for water treatment projects is expected to support the demand for backhoe loaders in the French market during the forecast period.

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Italy Compact Construction Equipment Market Revenue to Cross $1.8 Billion by 2029

The Italy compact construction equipment market is expected to witness sale of 83,302 units by 2029. Increased demand for electric compact construction equipment and integration of AI & Robotics are the emerging trends that are going to reshape the compact construction equipment market in Italy. The digitization of construction equipment through advanced sensors, communication technology, and data analytics has revolutionized construction equipment. Real-time data collection enables predictive maintenance, minimizing downtime, and extending equipment lifespan.​ AI-integrated equipment improves efficiency, delivers quality, enhances supply chain management, and reduces risks. The developments in the construction industry is gaining traction with the industry players, as it is directly affecting the quality, productivity, and timeline of the projects.

Similarly, Construction equipment manufacturers are extensively focusing on manufacturing compact electric construction equipment, where as, the construction companies in response to reducing their carbon footprint are also extensively demanding electric equipment.

Compact forklifts accounted for the largest market share of in compact construction equipment market in Italy in 2022. Electric forklifts are expected to occupy more than 65% market share compared to internal combustion forklifts. Forklifts are more compact and are used for material handling where there are confined spaces, such as small warehouses and distribution centers. There has been a rise in online orders for goods since COVID-19. In Jan 2023, Nissan opened a new warehouse at the company's Italian headquarters in Capena, Rome. The warehouse will manage the parts and accessories from over 400 workshops in the country.

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Increasing Investment Under the 'Green Infrastructure Strategy' in Germany to Boost the Compact Construction Equipment Sales in the Upcoming Years

The Germany compact construction equipment market sales was valued at 40,817 units in 2022 and is expected to reach 55,917 units by 2029.

Germany aims to reduce CO2 emissions by 65% by 2030 and achieve net-zero emissions by 2045. German construction companies in response to reducing their carbon footprint are focusing on using compact construction equipment.

Green building, being the key investment strategy of the German government, is expected to boost demand for compact powered construction equipment. Germany has invested approximately $12.5 billion in developing green buildings in compliance with ESG norms.

The growing demand for compact excavators can be attributed to improvements in the underground mining and construction sectors, as well as a few government projects like the smart city project. The market for compact excavators is evolving into a more innovative sector due to the intelligent systems driven by IoT and data analysis for service, networking, and sustainability.

In Germany, the compact excavator accounted for 40.4% of the overall compact construction equipment market in 2022. In 2022, the demand for compact equipment such as mini-excavators grew due to their extensive application in civil engineering and smart city projects across Europe, including Germany.

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More than 48 Thousand Units Compact Construction Equipment Sales Forecasted in UK by 2029

The U.K. compact construction equipment market was valued at 36,143 units in 2022 and is expected to reach 48,505 units by 2029, growing at a CAGR of 4.29%. The surge in investment in the residential sector to support demand for compact construction equipment in UK. The country's housing sector is expected to witness growth in 2023. According to Savills report, housing prices in the UK is expected to fall by 10% in 2023, which will support the housing demand across the country in 2023. Some major housing projects such as building modular homes in Manchester, regeneration project in Northern London Council, and building of Notting Hill Genesis Housing Association, are under progress in 2023.

The surge in fuel prices is also hampering sales of compact construction equipment in the UK market. The construction companies have introduced hydrotreated vegetable oil (HVO) to replace red diesel in the equipment, including construction equipment in the UK market in 2022. Switching to hydrotreated vegetable oil has significantly reduced carbon emissions from carbon machinery. Hydrotreated Vegetable Oil (HVO) is a paraffinic, bio-based liquid fuel originating from many kinds of vegetable oils, such as rapeseed, sunflower, soybean, and palm oil, as well as animal fats. Use of hydrotreated vegetable oil (HVO) replacing red diesel to support the demand for compact construction equipment.

In 2023, with increased investments in residential, road, and railways, the UK government expects to drive demand for compact excavators during the forecast period.

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This release was published on openPR.