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GERMANY USED CONSTRUCTION EQUIPMENT MARKET SIZE WAS VALUED AT USD 1.02 BILLION IN 2021 AND IS EXPECTED TO REACH USD 1.22 BILLION BY 2028, GROWING AT A CAGR OF 2.68% DURING 2021-2028
Germany Used Construction Equipment Market Research Report includes segments by
- Earthmoving Equipment: Excavator, Backhoe Loaders, Motor Graders, Other Earthmoving Equipment (Other loaders, Bulldozers, Trenchers)
- Material Handling Equipment: Crane, Forklift & Telescopic Handlers, and Aerial Platforms (Articulated Boom Lifts, Telescopic Boom lifts, Scissor lifts)
- Road Construction Equipment: Road Rollers and Asphalt Pavers
- End Users: Construction, Manufacturing, Mining, and Others
The Industry Analysis Report Provides Industry Trends, Drivers, Opportunities, Competitive Outlook, Market Size, Sales, and Growth Forecast 2022-2028
This report includes market data points, ranging from trend
analyses to market estimates & forecasts that you can customize
GERMANY USED CONSTRUCTION EQUIPMENT MARKET REPORT SCOPE
REPORT ATTRIBUTE | DETAILS |
---|---|
Market Size (2028) | USD 1.22 Billion |
Market Size (2021) | USD 1.02 Billion |
CAGR (2021-2028) | 2.68% |
Historic Year | 2019-2020 |
Base Year | 2021 |
Forecast Year | 2022-2028 |
TYPE | Earthmoving Equipment, Road Construction Equipment, and Material Handling Equipment |
END-USERS | Construction, Manufacturing, Mining, and Others |
KEY VENDORS | Caterpillar, Volvo Construction Equipment, Liebherr, Komatsu, JCB, Hitachi Construction Machinery, SANY, XCMG, and Hyundai Construction Equipment |
MARKET INSIGHTS
Germany used construction equipment market was estimated at USD 1.02 billion in 2021 and expected to reach USD 1.22 billion by 2028, growing at a CAGR of 2.68%. Rising investment in public infrastructure renovation and housing projects is expected to support the demand for used equipment in the German market during 2022-2028. The expected number of used construction equipment units sold by 2028 in the market is 28,664.
Germany's economy contracted by 5% in 2020, and the country’s major sectors, such as construction and manufacturing, were adversely impacted due to the unavailability of labor & raw materials. In 2021, Germany's economy displayed a slight recovery due to a surge in government investment in upgrading the country’s infrastructure. The German government planned to invest USD 12.9 billion in rail infrastructure. Several expansion and refurbishment projects are in progress across the country. For instance, USD 5.7 billion funds are allocated for the expansion and upgradation of Frankfurt International Airport.
The country’s construction industry is expected to thrive in 2022 due to ongoing construction and renovation projects. However, the manufacturing industry’s growth is expected to be hampered due to reduced raw material supply and declining industrial production output. The production output of the manufacturing industry fell by 3.9% in Q1 2022, the most significant decline since April 2020.
KEY HIGHLIGHTS
- The Earthmoving segment has the largest share in Germany used construction equipment. Excavators held the largest market share in the earthmoving segment in 2021.
- Infrastructure upgradation projects such as the renovation of the commercial building, railway stations, and airports, repair of runways, and extension of roadways & bridges across the country will drive the high demand for Germany's used construction equipment market.
- Rising prices of used equipment in Germany constitute a significant challenge. There is a surge in construction equipment demand due to increased investment in infrastructure projects across the country. However, the supply of material needed for the production of new equipment is lagging, resulting in long delivery times for new equipment making the used construction equipment more appealing to buyers across Europe, which pushes up the prices of used construction equipment in the European market.
- Renting and leasing companies have a strong presence in Germany which can hamper the demand for used construction machinery. Zeppelin GmbH and HKL Baumaschinen GmbH hold the largest market share in construction equipment rental & leasing in Germany. The renting companies in Germany provide a wide range of construction equipment. They are providing trained operators for operating rented equipment. Other construction equipment rental companies are also providing logistics & insurance facilities to attract customers.
MARKET TRENDS & DRIVERS
Surge In Renovation & Repair Projects for Public Infrastructure
The German government introduced a repair & rehabilitation program for developing roads across the country in 2022. The program focuses on existing roads, bridges, and cycle paths. The government allocated USD 429.2 million for road network maintenance in Baden Wurttemberg state in 2022. Additionally, USD 265.4 million is earmarked for the renovation of federal highways. The 2022 rehabilitation program includes 50 bridge maintenance projects, 250 km of highways, and 190 kilometers of state roadways repair and maintenance. In addition, several road repair works are being planned for states such as Saarland, Hesse, and Rhineland- Palatinate in 2022 for a budget of USD S408.3 million.
The demand for used construction equipment such as road rollers, excavators, wheel loaders, asphalt pavers, & backhoe loaders is expected to grow in Germany used construction equipment market. Due to its uses in road repair and infrastructure renovation projects. Used Construction equipment is ideal for redevelopment, repair & small budget projects due to its lower cost than new equipment. A surge in rehabilitation and renovation projects is expected to support the demand for used construction equipment instantly compared to new equipment whose supply chain is still in recovery.
Rising Investment for Upgrading Railways & Housing Sectors
In 2021, the German government initiated several measures to develop the housing market. It allocated USD 5.9 billion under its housing policies towards constructing 100,000 rental units in the next four years. The government has also allocated USD 9.4 billion as a housing subsidy to be used over the 2018-2024 period.
In 2021, 293,000 units of houses were built across the country. The government aims to increase the construction of houses in 2022 to overcome the housing crisis. 18% of housing projects were directed to renovating and repairing the existing buildings. In addition, the German government is also increasing the investment in the modernization and renewal of Germany’s rail infrastructure in 2022. The government allocated USD 13.9 billion in 2022 compared to USD 920.3 million in 2021 for modernizing projects in the railway sector.
Political Distress & War Between Russia & Ukraine Drive the Demand for Used Construction Equipment
According to VDMA, German construction machinery production is expected to grow by only 1% in 2022, and the supply chain of construction machinery is adversely impacted by an ongoing war between Russia and Ukraine. The association cautions about the delay in supplying new equipment in the market due to a major shortage of raw materials (iron, nickel, & steel) imported from Russia, Ukraine, and Belarus. Low production of new construction equipment will increase the demand in Germany used construction equipment market due to sizeable ongoing infrastructure upgradation projects across the region.
Auction Companies Are Upgrading Online Channels for Attracting Customers
The companies such as Ritchie Bros & Equippo are upgrading their online full-service marketplace for used construction equipment in Europe. Purchase and sales of used construction machinery have faced obstacles such as a lack of transparency regarding quality and the complexity of logistics procedures in the European market. Therefore, the companies such as Equippo have upgraded their online services for buying and selling used construction equipment. The company provides various previously unavailable facilities in conventional transactions, such as inspection results by independent inspectors, money-back guarantee, and logistics agency services.
MARKET RESTRAINTS
Sharp Rise in Used Equipment Prices & New Emission Norms Are Expected Hamper the Demand for Used Equipment in German Market
There is a constant increase in used construction equipment prices in Germany. According to Ritchie Bros, there was a 23% rise in prices of large earthmoving equipment such as excavators, dozers, & motor graders. A similar price surge was witnessed in aerial equipment such as cranes, forklifts & aerial platforms & medium earthmoving equipment such as backhoe loaders, mini excavators & trenchers. Cost efficiency is one of the major qualities of used equipment, making it a perfect choice for small repair & redevelopment projects. But the constant rise of prices can be a main restrictive factor for the growth of Germany used construction equipment market.
The government has proposed strict emission standards for non-road mobile machinery such as construction equipment, railroad engine, and off-road vehicles. The stage V emission standards would replace a multi-layered legal framework in Europe. Stage V emission standard focuses on reducing the emission of nitrogen dioxide & particulate matter. The country also has Blue Angle norms for construction machinery. This norm is comparatively more stringent than the previous norms for noise emission and low emission levels. These emission norms in the country are expected to hamper the demand for diesel-based large used construction equipment.
The Growing Renting & Leasing Market is expected to confine the Demand for Used Construction Equipment.
Equipment Rental Association estimated the value of equipment leasing in Europe was USD 25.6 billion in 2021. Germany is one of the largest markets for equipment leasing in Europe. According to Equipment Rental Association (ERA), the German rental and leasing market of construction machinery grew by 4.2% in 2021. Leasing has established itself even more firmly in the construction industry. In Germany, agriculture, mining, and public utilities – contributed ~ 4% to the total value of the leasing market. Various renting companies in Germany provide a wide range of construction equipment. Renting is often preferred when contractors need specialized equipment that they do not have in their fleet. Contractors prefer to rent equipment that is costly and required for a specific operation, such as hydraulic excavators, skid steer loaders & dumpers. The growing renting and leasing market in Germany is expected to hamper Germany used construction equipment market.
COMPETITIVE LANDSCAPE
- Key players in Germany used construction equipment market are Caterpillar, Volvo Construction Equipment, Liebherr, Komatsu, JCB, Hitachi Construction Machinery, SANY, XCMG, & Hyundai Construction Equipment.
- Other prominent vendors include Terex Corporation, JLG, LiuGong, & Takeuchi.
- Caterpillar is the market leader in Germany used construction equipment market. The company excels in selling the used earthmoving type of equipment in 2021. The company’s crawler excavators & wheel loaders were popular in Germany's used construction equipment market segment in 2021.
- Volvo Construction equipment was the second largest player in Germany used construction equipment market in 2021. The company’s wheel loader was sold maximum in 2021. Excavators & mini excavators were among the prominently used equipment sold by the company in 2021.
- Komatsu promotes used equipment by extending the warranty program Komatsu Advantage Extended Coverage Plan for used equipment, reducing maintenance charges. Komatsu’s key belief is that partnerships are the best way to solve challenges and meet society’s needs. The company partners with 20 start-up companies across Japan, the United States, & Europe to launch “SMART CONSTRUCTION” solutions.
Frequently Asked Questions
What is the expected size of Germany's used construction equipment market by 2028?
What is the expected number of units sold in Germany's used construction equipment market by 2028?
What is the growth rate of Germany's used construction equipment market?
Who are the key players in Germany's used construction equipment market?
What are the latest trends impacting the growth of the German used construction equipment market?
How will earthmoving equipment contribute to the growth in Germany's used construction equipment market share?
Germany used construction equipment market is expected to grow at a CAGR of approximately 2.68% from 2021 to 2028.
The following factors are likely to contribute to the growth of Germany used construction equipment market during the forecast period:
- Surge In Renovation & Repair Projects for Public Infrastructure
- Increasing Investment in Upgrading Railways & Housing Sectors
Base Year: 2021
Forecast Year: 2022-2028
The report considers the present scenario of Germany's used construction equipment market and its market dynamics for 2022−2028. It covers a detailed overview of several market growth enablers, restraints, and trends. The study covers both the demand and supply sides of the market. It also profiles and analyzes leading companies and several other prominent companies operating in the market.
Key Vendors
- Caterpillar
- Komatsu
- Volvo Construction Equipment
- Hitachi Construction Machinery
- Liebherr
- Hyundai Construction Equipment
- XCMG
- SANY
- JCB
Other Prominent Vendors
- Terex Corporation
- Takeuchi Manufacturing
- JLG
- Liu Gong
Auctioneers Profile
- Ritchie Bros.
- Proxibid
- Equippo
- Sandhills Global
- Surplex
- Apex auctions
- Angermann machinery & equipment GmbH & co.
Distributor Profiles
- De Bau Machines
- BAUMA
- BS Baumaschinen Service GmbH
Segmentation by Type
- Earthmoving Equipment:
- Excavator
- Backhoe Loaders
- Motor Graders
- Other Earthmoving Equipment (Other loaders, Bulldozers, Trenchers)
- Material Handling Equipment
- Crane
- Forklift & Telescopic Handlers
- Aerial Platforms (Articulated Boom Lifts, Telescopic Boom lifts, Scissor lifts)
- Road Construction Equipment
- Road Rollers
- Asphalt Pavers
- End Users
- Construction
- Manufacturing
- Mining
- Others
Graph-1 Germany Used Construction Equipment Market by Volume 2019-2028 (Unit Sales)
Graph-2 Used Construction Equipment Market in Germany By Type, 2021 (% Volume Share)
Graph-3 Germany Used Construction Equipment Market by Volume, 2019-2028 (Unit Sales)
Graph-4 Germany Used Construction Equipment Market By Value, 2019-2028 ($ MN)
Graph-5 Germany Used Construction Equipment Market by End User, 2021 (%)
Graph-6 Germany Used Construction Equipment Market by Type, 2019-2028 (Unit Sales)
Graph-7 GDP 2017-2021 ($Trillion)
Graph-8 Cost of Building Permits 2018-2021 ($ BN)
Graph-9 Germany Used Construction Equipment Market by Type, 2019-2028 (Unit Sales)
Graph-10 Germany Used Construction Equipment Market by Type 2021 (% Volume Share)
Graph-11 Germany Used Construction Equipment Market by End User, 2019- 2028 (Unit Sales)
Graph-12 Germany Used Earthmoving Equipment Market, 2019–2028 (Unit Sales)
Graph-13 Germany Used Earthmoving Equipment Market, 2019–2028 ($ MN)
Graph-14 Germany Used Excavator Market, 2019–2028 (Unit Sales)
Graph-15 Germany Used Excavator Equipment Market, 2019–2028 ($ MN)
Graph-16 Germany Used Backhoe Loader Market, 2019–2028 (Unit Sales)
Graph-17 Germany Used Backhoe Loader Equipment Market, 2019–2028 ($ MN)
Graph-18 Germany Used Motor Grader Market, 2019–2028 (Unit Sales)
Graph-19 Germany Used Motor Grader Market, 2019–2028 ($ MN)
Graph-20 Germany Used Other Earthmoving Equipment Market, 2019–2028 (Unit Sales)
Graph-21 Germany Used Other Earthmoving Equipment Market, 2019–2028 ($ MN)
Graph-22 Germany Used Material Handling Equipment Market, 2019–2028 (Unit Sales)
Graph-23 Germany Used Material Handling Equipment Market, 2019–2028 ($ MN)
Graph-24 Germany Used Crane Market, 2019–2028 (Unit Sales)
Graph-25 Germany Used Crane Market, 2019–2028 ($ MN)
Graph-26 Germany Used Forklift and Telescopic Handler Market, 2019–2028 (Unit Sales)
Graph-27 Germany Used Forklift and Telescopic Handler Market, 2019–2028 ($ MN)
Graph-28 Germany Used Aerial Platforms Market, 2019–2028 (Unit Sales)
Graph-29 Germany Used Aerial Platforms Market, 2019–2028 ($ MN)
Graph-30 Germany Used Road Construction Equipment Market, 2019–2028 (Unit Sales)
Graph-31 Germany Used Road Construction Equipment Market, 2019–2028 ($ MN)
Graph-32 Germany Used Road Roller Market, 2019–2028 ($ MN)
Graph-32 Germany Used Road Roller Market, 2019–2028 (Unit Sales)
Graph-33 Germany Used Road Roller Market, 2019–2028 ($ MN)
Graph-34 Germany Used Asphalt Paver Market, 2019–2028 (Unit Sales)
Graph-35 Germany Used Asphalt Paver Market, 2019–2028 ($ MN)
Graph-36 Germany Used Construction Equipment Market by Construction, 2019–2028 (Unit Sales)
Graph-37 Germany Used Construction Equipment Market by Construction, 2019–2028 ($ MN)
Graph-38 Germany Used Construction Equipment Market by Manufacturing, 2019–2028 (Unit Sales)
Graph-39 Germany Used Construction Equipment Market by Manufacturing, 2019–2028 ($ MN)
Graph-40 Germany Used Construction Equipment Market by Mining, 2019–2028 (Unit Sales)
Graph-41 Germany Used Construction Equipment Market by Mining, 2019–2028 ($ MN)
Graph-42 Germany Used Construction Equipment Market by Others, 2019–2028 (Unit Sales)
Graph-43 Germany Used Construction Equipment Market by Others, 2019–2028 ($ MN)
Graph-44 Major Companies Market Share In Used Construction Equipment Market In Germany 2021(%)
Graph-45 Caterpillar: Total Sales 2018–2021 ($ BN)
Graph-46 Caterpillar: Sales by Region 2021 (% Share)
Graph-47 Caterpillar: Total Sales by Segment 2021 (% Share
Graph-48 Komatsu: Sales 2018–2021 ($ BN)
Graph-49 Komatsu: Sales by Region 2020 (% Share)
Graph-50 Komatsu: Sales by Segment 2020 (% Share)
Graph-51 Volvo: Construction Equipment Net Sales 2018–2021 ($ BN)
Graph-52 Volvo: Share of Net Sales by Region 2021 (% share)
Graph-53 Volvo: Share of Net Sales by Segment 2021(% Share)
Graph-54 Hitachi Construction Machinery: Total Sales (2019–2021) ($ BN)
Graph-55 Liebherr: Sales 2018–2020 ($ BN)
Graph-56 Liebherr: Sales by Region 2021 (% Share)
Graph-57 Liebherr: Sales by Product Segment 2021 (% Share)
Graph-58 Hyundai Construction Equipment: Total Sales (2018–2020) ($BN)
Graph-59 Takeuchi: Revenue ($ BN) 2018-2021
Graph-60 Takeuchi: Sales by Region (% share)
Graph-61 Ritchie Bros: Total Revenue 2019-2021 ($BN)
Graph-62 Ritchie Bros: Revenue by Segments 2021 (%)
LIST OF TABLES:
Table-1 Major Infrastructure Projects in Germany
Table-2 Leading Company by Equipment Type in Germany Used Construction Equipment 2021
Table-3 Ritchie Bros: Sales Channels
Table-4 Germany Used Construction Equipment Market by Volume 2019-2028
Table-5 Germany Used Construction Equipment by Type 2019-2018
Table-6 Germany Used Earth Moving Equipment Market Size & Forecast, By Type (Volume, Units)
Table-7 Germany Used Material Handling Equipment Market Size & Forecast, By Type (Volume, Units)
Table-8 Germany Used Road Construction Equipment Market Size & Forecast, By Type (Volume, Units)
Table-9 Germany Used Construction Equipment Market Size & Forecast, By End User (Units)
Table-10 Germany Used Construction Equipment Market by Value 2019-2028
Table-11 Germany Used Construction Equipment by Type 2019-2018
Table-12 Germany Used Earth Moving Equipment Market Size & Forecast, By Type (Value, $ MN)
Table-13 Germany Used Road Construction Equipment Market Size & Forecast, By Type (Value, $ MN)
Table-14 Germany Used Material Handling Equipment Market Size & Forecast, By Type (Value, $ MN)
Table-15 Germany Used Construction Equipment Market Size & Forecast, By End User
Section 1 – Introduction
• Market Snapshot
• Executive Summary
Section 2 – The Market Overview
Economic Scenario, Major Infrastructure Projects
Section 3 – Germany Used Construction Equipment (Type & Application)
3.1 Germany Used Construction Equipment Market by Type (Volume & Value)
3.1.1. Earth Moving Equipment
• Excavator
• Backhoe Loader
• Motor Grader
• Other Earth Moving Equipment (Other Loaders, Bulldozer, Trencher, etc.)
3.1.2. Material Handling Equipment
• Crane
• Forklift and Telescopic Handler
• Aerial Platform (Articulated Boom lifts, Telescopic Boom lifts, Scissor Lifts, etc)
3.1.3. Road Construction Equipment
• Road Roller
• Asphalt Paver
3.2 Germany Used Construction Equipment Market by Application (Volume & Value)
• Construction
• Mining
• Manufacturing
• Others (Power Generation, Utilities Municipal Corporations, Oil & Gas, Cargo Handling, Power Generation Plants, Waste Management, etc)
Section 4: Market Dynamics
Market Drivers, Restraints, Trends, Advantage Germany, Key Economic Regions, Advantage of Used Equipment, Inception of Used Equipment, Pricing of Used Construction Equipment Supply Chain Analysis, COVID-19 Impact
Section 5: Technology Development
Advent of New Technology
Section 6 – Competitive Landscape
• Competitive Landscape Overview
• Major Vendors (Caterpillar | Volvo Construction Equipment| Komatsu | Hitachi Construction Machinery | Terex Corporation | Liebherr | JCB | Hyundai Construction Equipment | Liu Gong| JLG | XCMG| SANY | Takeuchi | )
• Other Prominent Vendors
• Auctioneer Profile
• Distributors Profile
Section 7-Quantitative Summary
Section 8 – Report Summary
a) Key Insights
b) Abbreviations
c) List of Graphs
d) List of Tables
Section 9 – Report Scope & Definition
• Research Methodology
• Research Objective
• Market Definition, Inclusion & Exclusion
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Frequently Asked Questions
What is the expected size of Germany's used construction equipment market by 2028?
What is the expected number of units sold in Germany's used construction equipment market by 2028?
What is the growth rate of Germany's used construction equipment market?
Who are the key players in Germany's used construction equipment market?
What are the latest trends impacting the growth of the German used construction equipment market?
How will earthmoving equipment contribute to the growth in Germany's used construction equipment market share?