Europe Construction Equipment Market Outlook, 2025

VADODARA, India - Feb. 15, 2021 - PRLog -- Known to be the second smallest continent in the world, Europe faced a flourishing infrastructure market which showed a sustainable growth; faced a decline since the year 2009. Post this decline, necessity measures have been taken to bridge the gap in the economy. Even though the estimated investments have collapsed below the required levels, the efforts continue to attracted more private and public investments.
The report on 'Europe Construction Equipment Market Outlook, 2025' by Bonafide Research concentrates on the performance of the Europe market, which is likely to grow with a CAGR of more than 5%. While all the major countries are expected to show a decrease in the market share, only Russia is expected to have a marginal growth by the end of the forecasted period. While the collection of the smaller countries are to contribute more in the forecasted period in comparison to the major countries, expected to grow to more than 27% by the end of the forecasted period. With the country entering into Berxit transaction period coupled with the outbreak of Covid-19, the situations becomes unfavourable for the construction equipment market in the country.
The construction industry is expected to face transformation in the coming future, which requires a critical importance of a supportive European policy framework to master this digital transformation. While the highly advanced digitalized machines are already in the mainstream business in the industry, the actual uptake of such technologies is still low in the European construction sector. At the same time, and with technology evolving fast, both sectors need to master the bigger digital transformation to remain globally competitive. Also, as the Europe Union on whole is considered as a most popular tourist destination, the need for improving the land transport networks remains constant and thus making the concrete & road construction machinery more popularly demand construction equipment among the contractors, with an expectation to reach a USD 9.48 Billion, while growing with a CAGR of more than 7%.
https://www.bonafideresearch.com/product/200960073/Europe...