In 2023, the UK led the European market in renting and leasing construction and civil engineering machinery, followed by Germany and France. Luxembourg, Serbia, and Slovakia experienced significant growth, while Bosnia and Herzegovina and Italy saw declines. Spain also registered a notable increase. Scandinavian countries showed moderate growth, with Norway and Finland making solid gains. Trends depict a general interest toward Eastern Europe with countries like Poland, Romania, and Hungary steadily increasing their market presence.
Future trends point towards potential growth in Central and Eastern Europe due to infrastructural developments, and innovation-driven demands in the Nordic region. Watch for technological adoption and eco-efficient machinery to drive future market dynamics.
Top countries in Production Value of Renting, Leasing of Construction and Civil Engineering Machinery and Equipment Share by Country (Million Euros)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 United Kingdom | 25.73 | 2023 | +1.17% | +1.07% | View data |
| 2 | 2 Germany | 16.02 | 2023 | +4.07% | -2.1% | View data |
| 3 | 3 France | 13.16 | 2023 | +2.38% | -0.85% | View data |
| 4 | 4 Spain | 7.82 | 2023 | +5.46% | +8.56% | View data |
| 5 | 5 Sweden | 5.5 | 2023 | +1.23% | -1.03% | View data |
| 6 | 6 Italy | 5.06 | 2023 | +1.63% | -5.11% | View data |
| 7 | 7 Norway | 4.14 | 2023 | +5.96% | +3.17% | View data |
| 8 | 8 Poland | 3.86 | 2023 | +6.87% | +3.14% | View data |
| 9 | 9 Denmark | 3.52 | 2023 | +3.68% | +2.35% | View data |
| 10 | 10 Finland | 3.24 | 2023 | +4.25% | +4.54% | View data |
