PUBLISHER: Arizton Advisory & Intelligence | PRODUCT CODE: 1507654
PUBLISHER: Arizton Advisory & Intelligence | PRODUCT CODE: 1507654
The German construction equipment market size by volume is expected to grow at a CAGR of 2.74% from 2023 to 2029.
Increased Investment in Public Infrastructure Projects
KEY HIGHLIGHTS
MARKET TRENDS & DRIVERS
Adoption of Building Information Modeling (BIM) to Enhance Remote Monitoring & Digitization
Investment in Green Infrastructure Strategy
Surge in Renovation & Repair Projects for Public Infrastructure Supports Demand for Construction Equipment
Response to Focus on Sustainability and Smart City Development to Propel the Demand for Compact Machines in the Germany Construction Equipment Market
Increased Investment in Green Fuel Solutions to Generate Demand for Related Infrastructures
In 2023, the German government unveiled its National Hydrogen Strategy update, aiming to accelerate establishing a hydrogen market to achieve climate neutrality by 2045. The update includes doubling the 2030 target for domestic electrolyzer capacity to produce green hydrogen from renewable sources to 10 gigawatts. Furthermore, since 2021, the German government has been unable to achieve its yearly goal of constructing 400,000 apartments. According to the German Property Federation (ZIA), a deficit of 600,000 apartments in Europe's largest economy is projected to increase to 830,000 by 2027.
INDUSTRY RESTRAINTS
Germany's Residential Slump Expects to Impact the Germany Construction Equipment Market Negatively
According to calculations by the German Property Federation (ZIA), there is currently a shortage of 600,000 apartments in Europe's largest economy. This deficit is projected to increase to 830,000 by 2027. Also, Germany's housing crisis persists, as the Federal Statistical Office (Destatis) reported a 23.5% decrease in residential building permits issued in January 2024 compared to the same period in 2023. Only 16,800 apartments were granted permits in January, marking a decline from the previous year.
The Skilled Labor Shortage in the Country Hampers the Pace of Construction Projects
In Feb 2024, the German government highlighted the significant challenge facing Europe's largest economy, emphasizing growth constraints due to a workforce shortage. For 2024, the government anticipates a growth rate of 0.2%, down from the previous forecast of 1.3%. Further, with approximately 700,000 vacancies currently unfilled, Germany's economic growth potential has declined to 0.7% from around 2% in the 1980s and is projected to decrease further to 0.5% if the issue remains unresolved.
The Scarcity of Logistics Space and High Rents in the Country Negatively Impact the Demand for Construction Equipment
VENDOR LANDSCAPE
Key Vendors
Other Prominent Vendors
Distributors Profiles
KEY QUESTIONS ANSWERED:
(Other Loaders, Bulldozers, Trenchers, etc.)
Graph 1 CONSTRUCTION EQUIPMENT MARKET VOLUME (UNITS)
Graph 2 CONSTRUCTION EQUIPMENT MARKET 2023 (%)
Graph 3 INCREMENTAL GROWTH BY EQUIPMENT TYPE 2023-2029 (VOLUME)
Graph 4 CONSTRUCTION EQUIPMENT MARKET BY END-USER INDUSTRIES 2023 (% SHARE)
Graph 5 GERMANY CONSTRUCTION EQUIPMENT MARKET, VOLUME 2023-2029 (UNITS)
Graph 6 GERMANY CONSTRUCTION EQUIPMENT MARKET, VALUE 2023-2029 ($MN)
Graph 7 GERMANY'S BUILDING MATERIALS TREND IN 2023
Graph 8 BUILDING PERMITS FOR DWELLINGS PER MONTH, TH (2023)
Graph 9 GERMANY EARTHMOVING CONSTRUCTION EQUIPMENT MARKET 2020-2029 (UNIT SALES)
Graph 10 GERMANY EARTHMOVING CONSTRUCTION EQUIPMENT MARKET 2020-2029 ($MN)
Graph 11 GERMANY EXCAVATOR MARKET 2020-2029 (UNIT SALES)
Graph 12 GERMANY EXCAVATOR MARKET 2020-2029 ($MN)
Graph 13 GERMANY BACKHOE LOADERS MARKET 2020-2029 (UNIT SALES)
Graph 14 GERMANY BACKHOE LOADERS MARKET 2020-2029 ($MN)
Graph 15 GERMANY WHEELED LOADERS MARKET 2020-2029 (UNIT SALES)
Graph 16 GERMANY WHEELED LOADERS MARKET 2020-2029 ($MN)
Graph 17 GERMANY OTHER EARTHMOVING EQUIPMENT MARKET, 2020-2029 (UNIT SALES)
Graph 18 GERMANY OTHER EARTHMOVING EQUIPMENT MARKET 2020-2029 ($MN)
Graph 19 GERMANY ROAD CONSTRUCTION EQUIPMENT MARKET 2020-2029 (UNIT SALES)
Graph 20 GERMANY ROAD CONSTRUCTION EQUIPMENT MARKET 2020-2029 ($ MN)
Graph 21 GERMANY ROAD ROLLERS MARKET 2020-2029 (UNIT SALES)
Graph 22 GERMANY ROAD ROLLERS MARKET 2020-2029 ($ MN)
Graph 23 GERMANY ASPHALT PAVERS MARKET 2020-2029 (UNIT SALES)
Graph 24 GERMANY ASPHALT PAVERS MARKET 2020-2029 ($ MN)
Graph 25 GERMANY MATERIAL HANDLING EQUIPMENT MARKET 2020-2029 (UNIT SALES)
Graph 26 GERMANY MATERIAL HANDLING EQUIPMENT MARKET 2020-2029 ($ MN)
Graph 27 GERMANY CRANES MARKET 2020-2029 (UNIT SALES)
Graph 28 GERMANY CRANES MARKET 2020-2029 ($MN)
Graph 29 GERMANY FORKLIFTS AND TELESCOPIC HANDLERS MARKET 2020-2029 (UNIT SALES)
Graph 30 GERMANY FORKLIFTS AND TELESCOPIC HANDLERS MARKET 2020-2029 ($MN)
Graph 31 GERMANY AERIAL PLATFORMS MARKET 2020-2029 (UNIT SALES)
Graph 32 GERMANY AERIAL PLATFORMS MARKET 2020-2029 ($ MN)
Graph 33 GERMANY OTHERS CONSTRUCTION EQUIPMENT MARKET 2020-2029 (UNIT SALES)
Graph 34 GERMANY OTHER CONSTRUCTION EQUIPMENT MARKET 2020-2029 ($MN)
Graph 35 GERMANY DUMPERS MARKET 2020-2029 (UNIT SALES)
Graph 36 GERMANY DUMPERS MARKET 2020-2029 ($MN)
Graph 37 GERMANY TIPPERS MARKET 2020-2029 (UNIT SALES)
Graph 38 GERMANY TIPPERS MARKET 2020-2029 ($MN)
Graph 39 GERMANY CONCRETE MIXERS MARKET 2020-2029 (UNIT SALES)
Graph 40 GERMANY CONCRETE MIXERS MARKET 2020-2029 ($MN)
Graph 41 GERMANY CONCRETE PUMP TRUCKS 2020-2029 (UNIT SALES)
Graph 42 GERMANY CONCRETE PUMP TRUCKS 2020-2029 ($MN)
Graph 43 GERMANY CONSTRUCTION EQUIPMENT MARKET 2020-2029 (UNIT SALES)
Graph 44 GERMANY CONSTRUCTION EQUIPMENT MARKET 2020-2029 ($MN)
Graph 45 GERMANY MANUFACTURING CONSTRUCTION EQUIPMENT MARKET 2020-2029 (UNIT SALES)
Graph 46 GERMANY MANUFACTURING CONSTRUCTION EQUIPMENT MARKET 2020-2029 ($MN)
Graph 47 GERMANY MINING CONSTRUCTION EQUIPMENT MARKET 2020-2029 (UNIT SALES)
Graph 48 GERMANY MINING CONSTRUCTION EQUIPMENT MARKET 2020-2029 ($MN)
Graph 49 GERMANY OTHERS CONSTRUCTION EQUIPMENT MARKET 2020-2029 (UNIT SALES)
Graph 50 GERMANY OTHERS CONSTRUCTION EQUIPMENT MARKET OTHERS 2020-2029 ($MN)
Graph 51 MARKET SHARE OF LEADING VENDORS VS OTHER VENDORS (2022)
Graph 52 CATERPILLAR: SALES BY REGION 2023 (%)
Graph 53 CATERPILLAR: SALES BY BUSINESS SEGMENT 2023 (%)
Graph 54 KOMATSU: SALES BY REGION IN 2022 (% SHARE)
Graph 55 KOMATSU: BREAKDOWN OF NET SALES BY BUSINESS SEGMENT 2022 (% SHARE)
Graph 56 VOLVO: NET SALES BY REGION 2023 (% SHARE)
Graph 57 VOLVO: NET SALES BY SEGMENT 2023 (% SHARE)
Graph 58 HITACHI: SALES BY REGION 2022 (% SHARE)
Graph 59 HITACHI: SALES BY SEGMENT 2022 (% SHARE)
Graph 60 LIEBHERR: SALES BY REGION 2022 (% SHARE)
Graph 61 LIEBHERR: SALES BY PRODUCT SEGMENT 2022 (% SHARE)
Graph 62 JOHN DEERE: NET SALES BY REGION (%SHARE)
Graph 63 JOHN DEERE: NET SALES BY SEGMENT (%SHARE)
LIST OF TABLES:
Table 1 KEY INFRASTRUCTURE PROJECTS
Table 2 WAREHOUSING TAKE-UP TOTAL (SQM)
Table 3 IMPORT DATA
Table 4 EXPORT DATA
Table 5 TOTAL INCREMENTAL OPPORTUNITY, 2023-2029
Table 6 TOTAL INCREMENTAL OPPORTUNITY, 2023-2029 (END-USER)