Italy Construction Equipment Market Introduction and Overview
According to SPER Market Research, the Italy Construction Equipment Market is estimated to reach USD 5617.12 million by 2033 with a CAGR 6.07%.
The report includes an in-depth analysis of the Italy Construction Equipment Market, including market size and trends, product mix, distribution channels, and supplier analysis. The term "construction equipment" refers to a wide variety of apparatus and instruments intended to make infrastructure construction, upkeep, and deconstruction easier. In a number of industries, including commercial, industrial, and residential building, these gadgets are essential. Construction equipment is specialized machinery used for operations like moving earth, lifting bulky objects, and pouring concrete. Examples of this equipment include excavators, bulldozers, cranes, loaders, and concrete mixers. In order to increase productivity, safety, and accuracy on building sites, modern construction equipment incorporates cutting-edge technologies like GPS and telematics.
- In June 2023, CNH Industrial N.V. made a big step forward in its expansion plans by opening a cutting-edge manufacturing facility in Cesena, Italy. With an emphasis on electric models, this new plant is devoted to producing mini-excavators and mini-track loaders.
- In May 2023, Bobcat debuted the E19e electric mini-excavator, marking a significant market debut in Italy. With a powerful 17.3 kWh battery, this excavator is more advanced than the E10e, which only has an 11.5 kWh power supply.
Market Opportunities and Challenges
Opportunities: The demand for construction equipment is anticipated to rise in the long run due to the increase in construction activities. Throughout the projection period, market expansion is anticipated to be driven by government initiatives including stimulus packages and reduced housing costs that encouraged individuals to purchase new homes. Construction equipment manufacturers are under pressure to select electric and hybrid vehicles over conventional hydraulic and mechanical vehicles due to the need for more affordable machines and regulatory pressures for reduced emissions. This is expected to increase demand for construction equipment nationwide during the forecast period.
Challenges: Plenty of challenges that affect the dynamics and expansion of the Italian construction equipment market exist. One major obstacle that affects investment in infrastructure and construction projects is the economic volatility in Italy and the wider European Union. Variations in the state of the economy might impact suppliers and manufacturers by creating uncertainty in the demand for construction equipment. Office red tape and regulatory systems are further obstacles. Businesses in the construction equipment industry may face higher operational expenses and administrative constraints due to Italy's regulatory environment, which includes adhering to local and EU requirements. Furthermore, the biggest part of an electric construction machine is the battery, whose size and weight have a big influence on how well the machine works and how maneuverable it is. Longer operational ranges may be possible with larger batteries, but the equipment will weigh more and be more difficult to move and handle.
Market Competitive Landscape
Several major firms, including industry titans like Caterpillar Inc., Liebherr Group, AB Volvo, and other prominent rivals, currently control the majority of the Italian construction equipment market. To preserve their competitive advantage and strengthen their market position, these major firms are actively introducing novel products. For the foreseeable future, it is anticipated that these calculated actions will raise demand for construction equipment.
Scope of the Report:
| Report Metric | Details |
| Market size available for years | 2020-2033 |
| Base year considered | 2023 |
| Forecast period | 2024-2033 |
| Segments covered | By Machinery Type, By Propulsion
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| Regions covered | Eastern Region, Southern Region, Northern Region, Western Region
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| Companies Covered | AB Volvo, Caterpillar Inc., CNH Industrial N.V., Deere & Company, Doosan Corporation, Hitachi Construction Equipment Ltd, JC Bamford Excavators Ltd (JCB), Komatsu Ltd, Liebherr Group, Manitowoc Company, and Wirtgen Group. |
COVID-19 Impact on Italy Construction Equipment Market
The COVID-19 epidemic presented a number of difficulties and disruptions for the Italian construction equipment business, which had a considerable effect. Nationwide construction projects were either halted or postponed during the early stages of the epidemic due to stringent lockdown regulations and social distancing measures. Due to project delays or cancellations, there was an abrupt decline in the market for construction equipment. As a result, suppliers and manufacturers saw a decline in sales and revenue, which had an effect on their capacity to operate profitably.
Key Target Audience:
- Construction Contractors
- Infrastructure Developers
- Civil Engineering Firms
- Government Agencies
- Mining Companies
- Rental Agencies
- Equipment Dealerships
- Construction Equipment Manufacturers
- Engineering and Architectural Consultants
- Investors
Our in-depth analysis of the Italy Construction Equipment Market includes the following segments:
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By Machinery Type:
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Cranes
Telescopic Handlers
Excavators
Loaders and Backhoes
Motor Graders
Others
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By Propulsion:
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Internal Combustion Engine
Electric and Hybrid
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Key Topics Covered in the Report:
- Italy Construction Equipment Market Size (FY’2024-FY’2033)
- Overview of Italy Construction Equipment Market
- Segmentation of Italy Construction Equipment Market By Machinery Type (Cranes, Telescopic Handlers, Excavators, Loaders and Backhoes, Motor Graders, Others)
- Segmentation of Italy Construction Equipment Market By Propulsion (Internal Combustion Engine, Electric and Hybrid)
- Expansion Analysis of Italy Construction Equipment Market
- Problems and Obstacles in Italy Construction Equipment Market
- Competitive Landscape in the Italy Construction Equipment Market
- Impact of COVID-19 and Demonetization on Italy Construction Equipment Market
- Details on Current Investment in Italy Construction Equipment Market
- Competitive Analysis of Italy Construction Equipment Market
- Prominent Players in the Italy Construction Equipment Market
- SWOT Analysis of Italy Construction Equipment Market
- Italy Construction Equipment Market Future Outlook and Projections (FY’2024-FY’2033)
- Recommendations from Analyst
1. Introduction
1.1. Scope of the report
1.2. Market segment analysis
2. Research Methodology
2.1. Research data source
2.1.1. Secondary Data
2.1.2. Primary Data
2.1.3. SPER’s internal database
2.1.4. Premium insight from KOL’s
2.2. Market size estimation
2.2.1. Top-down and Bottom-up approach
2.3. Data triangulation
3. Executive Summary
4. Market Dynamics
4.1. Driver, Restraint, Opportunity and Challenges analysis
4.1.1. Drivers
4.1.2. Restraints
4.1.3. Opportunities
4.1.4. Challenges
4.2. COVID-19 Impacts of the Italy Construction Equipment Market
5. Market variable and outlook
5.1. SWOT Analysis
5.1.1. Strengths
5.1.2. Weaknesses
5.1.3. Opportunities
5.1.4. Threats
5.2. PESTEL Analysis
5.2.1. Political Landscape
5.2.2. Economic Landscape
5.2.3. Social Landscape
5.2.4. Technological Landscape
5.2.5. Environmental Landscape
5.2.6. Legal Landscape
5.3. PORTER’s Five Forces
5.3.1. Bargaining power of suppliers
5.3.2. Bargaining power of buyers
5.3.3. Threat of Substitute
5.3.4. Threat of new entrant
5.3.5. Competitive rivalry
5.4. Heat Map Analysis
6. Competitive Landscape
6.1. Italy Construction Equipment Market Manufacturing Base Distribution, Sales Area, Product Type
6.2. Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in Italy Construction Equipment Market
7. Italy Construction Equipment Market, By Machinery Type (USD Million) 2020-2033
7.1. Italy Construction Equipment Market Size, Share and Forecast, By Machinery Type, 2020-2026
7.2. Italy Construction Equipment Market Size, Share and Forecast, By Machinery Type, 2027-2033
7.3. Cranes
7.4. Telescopic Handlers
7.5. Excavators
7.6. Loaders and Backhoes
7.7. Motor Graders
7.8. Others
8. Italy Construction Equipment Market, By Propulsion (USD Million) 2020-2033
8.1. Italy Construction Equipment Market Size, Share and Forecast, By Propulsion, 2020-2026
8.2. Italy Construction Equipment Market Size, Share and Forecast, By Propulsion, 2027-2033
8.3. Internal Combustion Engine
8.4. Electric and Hybrid
9. Italy Construction Equipment Market Forecast, 2020-2033 (USD Million)
9.1. Italy Construction Equipment Market Size and Market Share
10. Italy Construction Equipment Market, By Region, 2020-2033 (USD Million)
10.1. Italy Construction Equipment Market Size and Market Share By Region (2020-2026)
10.2. Italy Construction Equipment Market Size and Market Share By Region (2027-2033)
10.3. Eastern Region
10.4. Southern Region
10.5. Northern Region
10.6. Western Region
11. Company Profile
11.1. AB Volvo
11.1.1. Company details
11.1.2. Financial outlook
11.1.3. Product summary
11.1.4. Recent developments
11.2. Caterpillar Inc.
11.2.1. Company details
11.2.2. Financial outlook
11.2.3. Product summary
11.2.4. Recent developments
11.3. CNH Industrial N.V.
11.3.1. Company details
11.3.2. Financial outlook
11.3.3. Product summary
11.3.4. Recent developments
11.4. Deere & Company
11.4.1. Company details
11.4.2. Financial outlook
11.4.3. Product summary
11.4.4. Recent developments
11.5. Doosan Corporation
11.5.1. Company details
11.5.2. Financial outlook
11.5.3. Product summary
11.5.4. Recent developments
11.6. Hitachi Construction Equipment Ltd
11.6.1. Company details
11.6.2. Financial outlook
11.6.3. Product summary
11.6.4. Recent developments
11.7. JC Bamford Excavators Ltd (JCB)
11.7.1. Company details
11.7.2. Financial outlook
11.7.3. Product summary
11.7.4. Recent developments
11.8. Komatsu Ltd
11.8.1. Company details
11.8.2. Financial outlook
11.8.3. Product summary
11.8.4. Recent developments
11.9. Liebherr Group
11.9.1. Company details
11.9.2. Financial outlook
11.9.3. Product summary
11.9.4. Recent developments
11.10. Manitowoc Company
11.10.1. Company details
11.10.2. Financial outlook
11.10.3. Product summary
11.10.4. Recent developments
11.11. Wirtgen Group
11.11.1. Company details
11.11.2. Financial outlook
11.11.3. Product summary
11.11.4. Recent developments
11.12. Others
12. Conclusion
13. Reference Links
14. List of Abbreviations
SPER Market Research’s methodology uses great emphasis on primary research to ensure that the market intelligence insights are up to date, reliable and accurate. Primary interviews are done with players involved in each phase of a supply chain to analyze the market forecasting. The secondary research method is used to help you fully understand how the future markets and the spending patterns look likes.
The report is based on in-depth qualitative and quantitative analysis of the Product Market. The quantitative analysis involves the application of various projection and sampling techniques. The qualitative analysis involves primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes are validated through experts opinion. Our research methodology entails an ideal mixture of primary and secondary initiatives.
