Arizton publishes the latest research report, France compact construction equipment market – strategic assessment & forecast 2023-2029. The market is growing at a CAGR of 5.31% during 2022-2029.
Compact excavators have the highest demand in France. These equipment generates nearly 70% of compact equipment sales in the market.
The OEMs in the French market have diverse product offerings and started focusing on compact electric equipment –
- In May 2023, DEVELON launched two mini excavators, DX62R-7 and DX63-7, with a weight of six tons. Both models are powered by the new D24 Stage V compliant diesel engine, providing 44.3 kW (59.4 HP) of power.
- Volvo Construction Equipment (Volvo CE) has launched its first mid-sized electric excavator, the EC230 Electric, into the European market. The excavator is equipped with a CCS2 connector that comes with a charging cable that has a power level of 22 kW, enabling battery charging via a CEE socket.
- Mecalac, in October 2022, launched the e-series, which comprised an 11-tonne e12 excavator, a 1,000-litre es1000 swing loader, and 6 tonne ed6 dumper.
Key Insights
- In 2022, Rhenus (logistics company) leased two new warehouses, each of 18,000 m2, in Paris and Lyon. The warehouse in Paris consists of 6,000 m2 of cells, designed to increase the capacity of the warehouse in response to the rising number of new clients. In 2022, Akzo Nobel (a Dutch multinational company) announced an investment of USD 21.3 billion to expand its production and upgrade its two production sites in France.
- In 2021, the country received an investment of approximately USD 800 million to build 340,000 m2 of housing and more than 1,600,000 m² for business and industrial activities. The France Relance, in 2020, invested around USD 4.2 billion for the upgradation of the country’s housing stock. Investments by the government in residential projects will increase the demand for compact aerial platforms in the France compact construction equipment market during the forecast period.
- In 2022, the French government approved a bypass project in Rouen. This bypass is designed to connect with the A28 and A13 Autoroutes on the city’s eastern side. The construction is expected to commence in 2027 or 2028. The bypass length would be 25.786 miles, with an approximate investment of USD 950.1 million. The government will grant USD 262.7 million, while the region will invest USD 219.8 million in the project.
- In March 2023, Toyota Material Handling launched three new electric forklift models, expanding the company’s portfolio of material handling products and solutions. The new electric product launch features a Side-Entry End Rider, a Center Rider Stacker, and an Industrial Tow Tractor, offering customers access to versatility and performance on the job site.
- HD Hyundai Construction Equipment Europe launched the HW65A wheeled excavator and the HX65A crawler model. Both the models are equipped with Stage V Hyundai engines and flaunt a spacious new cab, standard proportional joysticks, and improved serviceability. It has TPowerful 48.5kW with 248Nm of torque, Proportional joysticks with a ram-lock on the joystick, and increased swing speed and swing torque.
What’s Included in the Report:
- Impact of COVID-19
- CAGR for the forecast period 2022-2029
- Compact Construction equipment used in applications, including material handling, maintenance & utility works, waste management, and other applications.
- Compact Construction equipment is used by end-users in industries such as construction, mining, warehouse & logistics, and other industries.
- Volume and value within countries are based on domestic demand and supply.
- Compact Construction equipment rented in residential and commercial construction activities.
- Compact Construction equipment imported from other countries (excluding used equipment).
- The compact Construction equipment market includes only new equipment unless we have provided a used/lease/rental market separately.
- All the currency conversion is in USD unless specifically stated.
- Volume market signifies unit sales and is in absolute numbers. Value market signifies US$ millions unless specifically mentioned.
- Global and regional manufacturers have a significant presence in the region/country, and domestic manufacturers are considered for evaluating the vendor capability matrix.
- Companies’ functional capabilities, such as regional revenue, segment revenue, distribution status, mergers & acquisition, brand positioning, and operational capabilities, such as product launches, production capacity, technology adoption, and promotional strategies, were collected through secondary research and mapped into four quadrants to position them as the front runner, straggler, emerger, and nicher.
Post Sales Services
Clarifying Queries
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France Compact Construction Equipment Market Dynamics:
Drivers:
Government investment in renewable energy resources
Increased investment in public infrastructure projects
Government investment in housing renovation projects
Challenges:
Skilled Labor Shortage
Strict environmental regulation
Surge in Mortgage Rates
Opportunities:
Rise in Landscaping Activities
Incorporation of Digital Technology
Increased Investment in Coal Mining
Trends:
Increased investment in hydrogen economy
Increased thermal renovation of residential buildings
Integration of AI & robotics
Vendors
Prominent Vendors: Caterpillar, Komatsu, Volvo Construction Equipment, Hitachi Construction Machinery, JCB, SANY, Takeuchi Manufacturing, Kubota, Kobelco, Hyundai Construction Equipment, and Xuzhou Construction Machinery Group Co. Ltd. (XCMG)
Other Prominent Vendors: Bobcat, Liebherr, Manitou, Wacker Neuson, Yanmar, MERLO S.p.A., Magni TH, Mecalac, Toyota Material Handling, Develon, and SENNEBOGEN
Distributor Profiles: M3, Aprolis, Avlo Group, COBEMAT, Mini BTP, Ludimat, Sodineg, Blanchard BTP and Bouchard Manutention
Market Segmentation
- Type: Excavators, Backhoe Loaders, Wheeled Loaders, Track Loaders, Skid Steer Loaders, Telehandlers, Forklifts, Aerial Platforms, and Others
- Application: Material Handling, Maintenance & Utility Works, Waste Management, and Other Applications
- End Users: Construction, Mining, Warehouse & Logistics, and Other End Users
Key Questions Answered in the Report:
How big is the France compact construction equipment market?
What is the growth rate of the France compact construction equipment market?
Who are the key players in the France compact construction equipment market?
What are the trends in the France compact construction equipment market?
Which are the major distributor companies in the France compact construction equipment market?
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