1. Market Research
  2. > Construction
  3. > Construction Equipment Market Trends
Europe Excavator and Loaders Market - Growth, Trends, COVID-19 Impact, and Forecast (2021 - 2026)

Europe Excavator and Loaders Market - Growth, Trends, COVID-19 Impact, and Forecast (2021 - 2026)

  • July 2021
  • 98 pages
  • ID: 6106051
  • Format: PDF
  • Mordor Intelligence LLP

Summary

Table of Contents

Search Inside

The Europe Excavator and Loaders Market was valued at USD 15.34 billion in 2020 and is expected to reach USD 23.32 billion by 2026 registering a CAGR of 6.98% during the forecast period (2021 - 2026).

The outbreak of covid-19 pandemic hindered the growth of excavator and loaders market in the region owing to continuous lockdowns and travel restrictions imposed by government. The lockdown has resulted in various infrastructure project sites staring at closure as it is mainly due to an effect on the labor movement due to the lockdown and due to supply chain disruptions market anticipated to face challenges.

However, market expected to witness steady and consistent growth during forecast period as economic activities resumed across region. Growing infrastructure projects and expenditure by government and private players to enhance the demand in market. Moreover, rising technological and product innovations likely to contribute for overall development of market.

Indeed, growing environmental regulations and rental market to offer challenges for market players in the region. Germany and United Kingdom anticipated to witness optimistic growth during the forecast period owing to government intiatives and rising adoption of environmentally sustainable products in the market.

Key Market Trends
Technological Advancements and Product Innovations to Drive Demand in the Market

Digitalization and technological advancements have become an indispensable part of the construction industry. Various market participants have already adopted much advancement and others are following the trend. For instance,

- In October 2020, Bobcat, a loaders company, announced developments in their compact loaders range for Europe and Middle East & Africa (EMEA), which offer more choice of features for the Bobcat compact track skid-steer, and all-wheel steer loader ranges.

The evolving demand by the government to move towards greener vehicles, excavators, and loaders manufacturers are turning their conventional vehicles to electric and hybrid to adopt the changes. Most automakers are introducing new electric excavators and loaders models. For instance,

- In January 2019, Volvo Construction Equipment unveiled two zero-emissions machines – the ECR25 excavator and L25 wheel loader – from its new range of electric compact machines.

Companies have been focusing on developing new models of excavators and loaders with enhanced performance characteristics and environment-friendly features to gain momentum in the market studied. This is likely to attract customers during the forecast period.

Germany Anticipated to Hold Significant Market Share

Germany expected to witness fastest growth and likely to hold significant market share during the forecast period. The country is early adaptor of latest technology and the construction companies in the country are investing heavily in procuring latest equipment to reduce the carbon footprints. For instance,

- In April 2021, it was reported that the federal government in the country was increasing its expenditure in rail and road infrastructure. This increased spending on transportation infrastructure provides EUR 270 billion (USD 324 billion) in funding to improve roads, rail, and waterway, over the next 10 to 15 years.

Factors influencing the growth in the market are increasing public infrastructure spending and extremely low-interest rates. Companies are launching new products and are entering to colloborations for strengthening their position in market.For instance,

- In 2019, Case Construction Equipment has announced their first European sale of its Stage V excavator rangeCX90D which has a Yanmar Stage V engine. Along with that, it has a maximum reach of 7,560mm and a maximum digging depth of 4,670mm, maximum travel speed of 5.1km/h and an operating mass of 8,630kg.

With the aforementioned trends and developments, market likely to have optimistic growth during the forecast period.

Competitive Landscape
The Europe Excavator and Loaders market is moderately consolidated due to the presence of global players holding significant shares in market. These companies are focusing on product innovations and partnerships to gain competitive edge in the market over other players. For instance,

- In April 2020, Komatsu Europe announces the launch of its latest model WB97R-8 a backhoe loader. The WB97R-8 is equipped with two-wheel steering, powershift transmission. It has an operating weight of 8.145 kg, and an improved EU Stage IV Komatsu engine with 75 kW power, with lower fuel consumption.
- In February 2021, Volvo Construction Equipment unveiled the EX03, the company’s first electric prototype in the mid-size excavator range. The 14-ton EX03 is equipped with a battery pack from Volvo Trucks, lower noise levels, and reduced total cost of ownership compared to its conventional counterparts.

Some of the prominent companies in the market are Caterpillar Inc., Liebherr-International, Komatsu Ltd, Volvo amongst others. Moreover, several players are launching a dedicated product for the European market to get more shares in the local market. For instance,

- In April 2021, Liebherr introduced two new electric crawler excavators R 976-E and R 980 SME-E, which will be developed and produced by Liebherr-France SAS in Colmar.

Reasons to Purchase this report:
- The market estimate (ME) sheet in Excel format
- 3 months of analyst support

Get Industry Insights. Simply.

  • Latest reports & slideshows with insights from top research analysts
  • 150+ Million searchable statistics with tables, figures & datasets
  • More than 25,000 trusted sources
  • Single User License — provides access to the report by one individual.
  • Department License — allows you to share the report with up to 5 users
  • Site License — allows the report to be shared amongst all employees in a defined country
  • Corporate License — allows for complete access, globally.

ReportLinker may already be registered as a supplier with your company. If you want to Order by PO, check with us first and we'll let you know if we are a registered supplier and what the vendor number is. Otherwise, we'll provide you with the necessary information to register ReportLinker as a vendor.

Ahmad helps you find the right report:
Testimonials

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

We were impressed with the support that ReportLinker’s research specialists’ team provided. The report we purchased was useful and provided exactly what we want.

Category Manager at
Ikea

ReportLinker gave access to reliable and useful data while avoiding dispersing resources and spending too much time on unnecessary research.

Executive Director at
PwC Advisory

The customer service was fast, responsive, and 100% professional in all my dealings (...) If we have more research needs, I'll certainly prioritize working with ReportLinker!

Scott Griffith

Vice President Marketing at
Maurice Sporting Goods

The research specialist provided prompt, helpful instructions for accessing ReportLinker's product. He also followed up to make sure everything went smoothly and to ensure an easy transition to the next stage of my research

Jessica P Huffman

Research Associate at
American Transportation Research Institute

Excellent customer service. Very responsive and fast.

Director, Corporate Strategy at
Ingredion

I reached out to ReportLinker for a detailed market study on the Air Treatment industry. The quality of the report, the research specialist’s willingness to solve my queries exceeded my expectations. I would definitely recommend ReportLinker for in-depth industry information.

Mariana Mendoza

Global Platform Senior Manager at
Whirlpool Corporation

Thanks! I like what you've provided and will certainly come back if I need to do further research works.

Bee Hin Png

CEO at
LDR Pte Ltd

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

FAQ
  • How we can help
    • I am not sure if the report I am interested in will fulfill my needs. Can you help me?
    • Yes, of course. You can call us at +33(0) 4 37 65 17 03 or drop us an email at [email protected] to let us know more about your requirements.
    • We buy reports often - can ReportLinker get me any benefits?
    • Yes. Set up a call with a Senior Research Advisor to learn more - [email protected] or +33(0) 4 37 65 17 03.
    • I have had negative experiences with market research reports before. How can you avoid this from happening again?
    • We advise all clients to read the TOC and Summary and list your questions so that we can get more insight for you before you make any purchase decision. A research advisor will accompany you so that you can compare samples and reports from different sources, and choose the study that is right for you.

  • Report Delivery
    • How and when I will receive my Report?
    • Most reports are delivered right away in a pdf format, while others are accessed via a secure link and access codes. Do note that sometimes reports are sent within a 12 hour period, depending on the time zones. However, you can contact us to escalate this. Should you need a hard copy, you can check if this option is offered for the particular report, and pay the related fees.
  • Payment conditions
    • What payment methods do you accept?
      1. Credit card : VISA, American Express, Mastercard, or
      2. You can download an invoice to pay by wire transfer, check, or via a Purchase Order from your company, or
      3. You can pay via a Check made out in US Dollars, Euros, or British Pounds for the full amount made payable to ReportLinker
    • What are ReportLinker’s Payment Terms?
    • All payments must normally be submitted within 30 days. However, you can let us know if you need extended time.
    • Are Taxes and duties included?
    • All companies based in France must pay a 20% tax per report. The same applies to all individuals based in the EU. All EU companies must supply their VAT number when purchasing to avoid this charge.
    • I’m not satisfied. Can I be refunded?
    • No. Once your order has been processed and the publisher has received a notification to send you the report, we cannot issue any refund or cancel any order. As these are not ‘traditional’ products that can be returned, reports that are dispatched are considered to be ‘consumed’.
  • User license
    • The license that you should acquire depends on the number of persons that need to access the report. This can range from Single User (only one person will have the right to read or access the report), or Department License (up to 5 persons), to Site License (a group of persons based in the same company location), or Corporate License (the entire company personnel based worldwide). However, as publishers have different terms and conditions, we can look into this for you.
Purchase Reports From Reputable Market Research Publishers

Myanmar Crawler Excavator Market - Strategic Assessment & Forecast 2021-2027

  • $ 2200
  • August 2021
  • 71 pages

In-depth Analysis and Data-driven Insights on the Impact of COVID-19 Included in this Myanmar Crawler Excavator Market Report Myanmar crawler excavator market to grow at a CAGR of 7.57% during the period ...

  • Myanmar
  • Earth Moving Equipment
  • Construction Equipment
  • Industry analysis
  • Greenhouse Gas Emissions
  • Inflation Rate

ref:plp2021

Reportlinker.com © Copyright 2021. All rights reserved.

ReportLinker simplifies how Analysts and Decision Makers get industry data for their business.

Make sure you don’t miss any news and follow us on