Liebherr- international Group & family enterprise
Additionally, the government has invested USD 41.5 million in 2022 for renewable energy transformation across the UK. This investment intends to scale up domestic renewable energy and increase biomass production in the UK through the ‘Biomass Feedstocks Innovation Program,’ which received funding worth USD 40.44 million. British Petroleum Company has planned to invest USD 20.22 billion in the UK’s energy system by the end of 2030. BP has committed to helping the country to achieve its ambition to boost energy security and reach net zero.
- The country aims to produce 100% electricity from renewable energy resources by 2035.
- The region is expected to witness a growing demand for electric and autonomous construction equipment due to the shifting focus toward technologically advanced machines in the construction industry.
- The European construction equipment market is consolidated, with players such as Liebherr, Volvo Equipment, etc., dominating the market.
- The key market players profiled in the heavy construction equipment market report include Caterpillar Inc., CNH Industrial N.V., Deere & Company, Doosan Infracore Co Ltd., Hitachi Construction Machinery Co.
- Germany, in particular, along with Northern and Western Europe, is seeing record levels in the used construction equipment market.
Consequently, the homes built in 2025 will produce 75-80% fewer carbon emissions. Two machines from Volvo Construction Equipment – the EW200E MH material handler and L60H wheel loader – are helping Swiss waste and recycling specialist, Waser Entsorgung AG with… We know that every part is vital and help you https://dailynationtoday.com/business/ maximize uptime in the long run through Genuine Volvo Parts. News & Media Keep up to date with our latest news / events and be one of the first to hear about our exciting new products. Industry Guides Industry Guides Read about how Hyundai machines are perfectly designed for many different industries.
Heavy Construction Equipment Market
The report offers market size and forecasts for Europe Construction Equipment in value for all the above segments. In March 2022, VINCI Highways announced that start of road development projects which is a part of contract.
Total Cost of Ownership of Electric Equipment Used in Construction Sector Is about 20% Less than Conventional Type
The UK used construction equipment market share is expected to grow at a CAGR of approximately 2.97% from 2022 to 2028. The UK used construction equipment market size is projected to reach USD 624.3 million by 2028. The demand for young used equipment is growing in the UK market due to the government’s strict environmental norms. UK government introduced the Stage V emission Standard, which is expected to prompt the demand for young used equipment around 2-4 years old. Used construction equipment demand is expected to remain steady in the UK market due to the rise in public infrastructure projects in 2022. The UK construction equipment market size is estimated to reach USD 5 billion by 2029. Additionally, ONS claimed that Britain’s inflation rates surged to the highest level in 40 years in April 2022.