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Used Construction Equipment Market Analysis

Report ID: GMI4793
Published Date: Aug 2023
Report Format: PDF

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Used Construction Equipment Market Analysis

The road building & earthmoving equipment segment is anticipated to witness high demand for machinery, such as excavators, loaders, backhoes, and compaction equipment. The segment growth is backed by the increasing urbanization and rapid infrastructure development. The usage of pre-owned earthmoving & road building equipment helps in expediting projects and optimizing resources, while ensuring efficient construction. The constant focus and inflowing investment for the development of public infrastructure, including roads, railways, bridges, and highways among others will bolster the demand for used construction machinery that is capable of operating in varied terrains with minimal capital investment.

Europe used construction equipment market held a significant revenue share in 2022 and is poised to impressive growth over 2023 to 203, owing to the supportive regulatory frameworks, and technological advancements. The region has been at the forefront when it comes to the development of advanced infrastructure with the continuous funding by the governments.

As per the provisional data released by Federal Statistical Office (FSO) of Switzerland, the nation’s investment in construction surged by 1.8% 2022 as compared to 2021. Also, the focus on sustainable construction practices that promotes repurposing and recycling to minimize waste and carbon footprint is augmenting the demand for used construction machinery in Europe, adding the market value.

Authors: Preeti Wadhwani

Frequently Asked Questions (FAQ) :

The market size for used construction equipment is predicted to expand at 5.8% CAGR during 2023 and 2032, backed by the high cost of new construction equipment.

The earthmoving & road building equipment segment is anticipated to witness high demand for machinery, such as excavators, loaders, backhoes, and compaction equipment, over 2023-2032, owing to the increasing urbanization and rapid infrastructure development.

Europe used construction equipment industry held a significant revenue share in 2022 and is poised to impressive growth through 2032, owing to the supportive regulatory frameworks, and technological advancements.

Caterpillar Inc., Komatsu Ltd., Volvo Construction Equipment, Hitachi Construction Machinery Co., Ltd., JCB, Liebherr Group, Deere & Company (John Deere), SANY Group, Doosan Infracore Co., Ltd., and Kobelco Construction Machinery Co., Ltd. among others.