THE ITALIAN CONSTRUCTION EQUIPMENT MARKET SALES WERE ESTIMATED AT 77,073 UNITS IN 2021 AND ARE EXPECTED TO REACH 119,681 UNITS BY 2028, GROWING AT A CAGR OF 6.6%.

The Italian Construction Equipment Market Research Report includes segments by

  • Earthmoving Equipment: Excavator, Backhoe Loaders, Motor Graders, and Other Earthmoving Equipment (Other's loaders, Bulldozers, Trenchers)
  • Road Construction Equipment: Road Rollers and Asphalt Pavers
  • Material Handling Equipment: Crane, Forklift & Telescopic Handlers, and Aerial Platforms (Articulated Boom Lifts, Telescopic Boom Lifts, and Scissor lift)
  • End Users: Construction, Manufacturing, Mining, and Others

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110 Pages

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15 Tables

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65 Charts

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1 Regions

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1 Countries

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21 Companies

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4 Market Segment

ITALY CONSTRUCTION EQUIPMENT MARKET REPORT SCOPE

Report Attribute Details
MARKET SIZE (VOLUME) 77,073 UNIT SALES ( 2021)
MARKET SIZE (VOLUME) 119,681 UNITS SALES (2028)
CAGR 6.6% (2021-2028)
HISTORIC YEAR 2019-2020
BASE YEAR 2021
FORECAST YEAR 2022-2028
TYPE Earthmoving Equipment, Road Construction Equipment, Material Handling Equipment
END-USER Construction, Manufacturing, Mining, and Others
KEY VENDORS Caterpillar, Volvo, Liebherr, Komatsu, CNH Industrial, Hitachi, JCB, Xuzhou Construction Machinery Group Co., Ltd. (XCMG), Kubota, and SANY

MARKET INSIGHTS

Italian construction equipment market sales were valued at 77,073 units in 2021 and are expected to reach 119,681 units by 2028, growing at a CAGR of 6.6%. The growth in construction equipment is majorly driven by government investment in infrastructure, manufacturing, and renewable energy projects.

Italy Construction Equipment Market Size

KEY HIGHLIGHTS IN THE REPORT

  • In 2021, the material handling equipment market was the largest segment in the construction equipment industry in Italy, followed by earthmoving and road construction equipment. The forklift was the largest segment by type. However, excavators and backhoe loaders were the fastest-growing equipment in 2021. The demand for excavators and backhoe loaders will rise due to government investment in infrastructure development and growth in renewable energy.
  • The industry is expected to generate the highest demand primarily due to the "Italy Recovery And Resilience" program, which is anticipated to further dominate the construction equipment market over the forecast period.
  • By switching to intelligent systems driven by IoT and data analysis for service, networking, and sustainability, the construction equipment market in Italy is transitioning to a more innovative industry faster than in other developing nations across the world.
  • Italy is one of the largest construction equipment markets in Europe; construction equipment rental companies account for the major portion of the Italian construction equipment market share. Also, rental companies are having higher demand than non-rental companies due to the many SMEs in Italy.

Italy is the fourth largest construction equipment market in Europe

Italy's economy was adversely impacted by the COVID-19 pandemic, which led to a ~6% contraction of GDP in 2020. However, 2021 witnessed a growth of ~6.2% as the government focused on improving its infrastructure by investing USD 381.8 million in public transport and USD 109.1 million in healthcare construction.

According to the OECD report, Italy's economy is expected to grow by 4.6% in 2022 and 2.6% in 2023. According to the IMF, Italy is the third-largest economy in the Eurozone and the eighth largest globally, with a GDP of about USD 2 trillion. In the first half of 2021, total investments in Italy amounted to USD 6.7 billion, compared to a negative flow of USD 4.6 billion in the same period of 2020. Italy has a favorable business environment. The country has an excellent administrative setup, attractive foreign policies, young & skilled workforce. Its domestic market offers several business opportunities, in the construction industry, manufacturing industry, etc., with a population of more than 60 million and a GDP per capita of more than USD 30,000.

Investments in transport and healthcare infrastructure projects

Under the "Italy Recovery And Resilience" program, the government planned to invest USD 35.5 billion in 2021 to improve public transport infrastructure, including USD 31.5 billion for high-speed network and road maintenance and ~USD 4 billion for investment in inter-modality and integrated logistics.

Projects also include the coverage of access rail links such as the Turin-Lyon line, the 55-kilometer-long Brenner Base Tunnel, etc., which would be completed by 2025. The line will connect Fortezza in Italy with the Austrian city of Innsbruck.

In 2021, the Italian government increased its National Health Fund to USD 133.7 billion. The development of a healthcare system in the country, including establishing more hospitals, is expected due to the increased National Health Fund. In 2022, the government has allocated USD 110.5 million in healthcare construction for the renovation and technological modernization of buildings.

The rise in demand for luffing tower cranes due to labour shortage in the industry

According to European Construction Sector Observatory, Italy faces a labour shortage in various industries such as construction and manufacturing post-COVID-19 outbreak, thus increasing the demand for high-capacity luffing tower cranes that speed up the construction process and reduce labour dependency. Luffing tower cranes with a lifting capacity of 60 tons, 100 tons, and 160 tons are highly demanding in Italy. The demand for this segment is expected to rise with the increase in construction activities in Italy.

A rise in the inflation rate depreciates the Euro, making imports costlier.

Italy imports more than ~40% of its energy (gas) from Russia. The sanctions on Russia due to the war with Ukraine will raise the oil prices sharply. The disruption in the supply chain will cause a rise in Italy's inflation rate, which devalues the Euro against other currencies. As per European Commission, in 2022 inflation rate in Italy is likely to rise at 3.8% Y-o-Y. Depreciation in Euro value makes imports costlier and negatively impacts construction equipment demand. Italy is mainly dependable on imports for excavators; hence the rise in the inflation rate can adversely impact the demand for the excavator.

Used construction equipment limiting the growth of the new construction equipment market

According to European Rental Association (ERA), the construction equipment rental industry grew by 6.3% in 2021 and is estimated to grow by 5.6% in 2022. Leasing construction equipment instead of purchasing has been proven profitable for all types of companies across Italy. The rental market helps many customers and industries reduce their fixed costs, outsource their risk, and improve sustainability. The used construction equipment market has a larger scope than the new one as small and medium businesses go for rental or used equipment rather than buying new ones.

Shift towards fuel-efficient construction equipment due to climate change

Due to climate change, shifting towards fuel-efficient construction equipment triggers the demand for electric and green hydrogen fuel-based equipment in Italy.

In 2021, electricity and natural gas producer Edison SPA joined a consortium with energy infrastructure company Snam SPA to implement the Puglia Green Hydrogen Valley project in Italy. The project will include the development of three green hydrogen production plants in Brindisi, Taranto and Cerignola. Italy has also accelerated the electrification of construction machinery.

VENDOR LANDSCAPE

  • Caterpillar, Volvo Construction Equipment Italia SPA, Liebherr Group, Komatsu Group, CNH Industrial and Hitachi Construction Machinery (Europe) have a significant share in Italy construction equipment market. The companies have a strong distribution network and high experience in Italy, accounting for nearly ~70% of the overall construction equipment market share in 2021.
  • Merlo has served the customers of the Italy region from the past more than 55 years. However, it lags behind SANY in innovations though SANY has less than 35 years of experience. In early 2022, SANY introduced its first 300-ton electric-drive front shovel.
  • In 2022, Kobelco launched two new next-generation construction equipment.

REPORT COVERAGE:

Earthmoving Equipment:

  • Excavator
  • Backhoe Loaders
  • Motor Graders
  • Other Earthmoving Equipment (Others loaders, Bulldozers, Trenchers)

Road Construction Equipment

  • Road Rollers
  • Asphalt Pavers

Material Handling Equipment

  • Crane
  • Forklift & Telescopic Handlers
  • Aerial Platforms (Articulated Boom Lifts, Telescopic Boom lifts, Scissor lift

End Users

  • Construction
  • Manufacturing
  • Mining
  • Others

Frequently Asked Questions

HOW BIG IS THE ITALIAN CONSTRUCTION EQUIPMENT MARKET?

Italy construction equipment market is expected to reach 119,681 units by 2028, growing at a CAGR of 6.6%.

WHO ARE THE KEY PLAYERS IN THE ITALIAN CONSTRUCTION EQUIPMENT MARKET?

Key players include Caterpillar, Volvo, Liebherr, Komatsu, CNH Industrial, Hitachi, JCB, Xuzhou Machinery Group Co., Ltd. (XCMG), Kubota, and SANY.

WHAT ARE THE MARKET OPPORTUNITIES FOR NEW ENTRANTS IN THE ITALIAN CONSTRUCTION EQUIPMENT INDUSTRY?

Growth in the construction, manufacturing, mining and renewable energy sector due to increasing government investment is expected to support the demand.

WHO ARE THE DISTRIBUTORS IN THE ITALY CONSTRUCTION EQUIPMENT MARKET?

Distributor's profile includes Abramo Mason SRL, Carmi SPA, Comar Commerciale SPA, GB Trucks, Comi SRL, and Rimat SRL.

WHAT ARE THE TRENDS IN THE CONSTRUCTION EQUIPMENT MARKET IN ITALY?

Shift toward fuel-efficient construction equipment due to climate change and the rise in demand for technology for communication and automation such as IoT, crane planner 2.0, and blokalert are the latest trends.

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According to the Italy government, the construction sector is projected to turn around with a growth of ~6% in 2022 because of better performance in all subsectors such as civil engineering, residential buildings, etc., which will support the demand for construction equipment in Italy.

Base Year: 2021

Forecast Year: 2022-2028

Scope: The report considers the present scenario of the Italy construction equipment market and market dynamics for the forecast period 2022−2028. It covers a detailed overview of several growth enablers, restraints, and trends in the market. The study includes the volume and value sales with a segment analysis of the Italy construction equipment market.

Key Vendors

  • Caterpillar
  • Volvo Construction Equipment
  • Liebherr
  • Komatsu
  • C​NH Industrial
  • Hitachi
  • JCB
  • Xuzhou Construction Machinery Group Co., Ltd. (XCMG)
  • Kubota
  • SANY

Other Prominent Vendors

  • John Dheere
  • Merlo SPA
  • Yanmar
  • Manitou
  • Kobelco

Distributors Profile

  • Abramo Mason SRL
  • Carmi SPA
  • Comar Commerciale SPA
  • GB Trucks
  • Comi SRL
  • Rimat SRL

Market Segmentation by Earthmoving Equipment

  • Excavator, Backhoe Loaders
  • Motor Graders
  • Other Earthmoving Equipment (Other's loaders, Bulldozers, Trenchers)

Market Segmentation by Road Construction Equipment

  • Road Rollers
  • Asphalt Pavers

Market Segmentation by Material Handling Equipment

  • Crane
  • Forklift & Telescopic Handlers
  • Aerial Platforms (Articulated Boom Lifts, Telescopic Boom Lifts, and Scissor lift)

Market Segmentation by End Users

  • Construction
  • Manufacturing
  • Mining
  • Others

Section 1 Introduction

1.1 Market Snapshot

1.2 Executive Summary

Section 2 Market Overview

  • Economic Scenario, Foreign Direct Investment

Section 3 Market Landscape

3.1 Italy Construction Equipment Market by Type (Volume & Value)

3.1.1 Material Handling Equipment

3.1.1.1 Forklift and Telescopic Handler

3.1.1.2 Aerial Platform (Articulated Boom lifts, Telescopic Boom lifts, Scissor Lifts, etc)

3.1.1.3 Cranes

3.1.2 Earthmoving Equipment

3.1.2.1 Excavators

3.1.2.2 Motor Graders

3.1.2.3 Backhoe Loaders

3.1.2.4 Other Earthmoving Equipment (Other Loaders, Bulldozer, Trencher, etc.)

3.1.3 Road Construction Equipment

3.1.3.1 Road Roller

3.1.3.2 Asphalt Paver

3.2 Italy Construction Equipment Market by End User (Volume & Value)

3.2.1 Construction

3.2.2 Manufacturing

3.2.3 Mining

3.2.4 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 Italy, Key Economic Regions, Import/Export Trends, Supply Chain Analysis, COVID-19 Impact

Section 5 Technological Development

  • Advent Of New Technology

Section 6 Competitive Landscape

  • Competitive Landscape Overview
  • Major Vendors (Caterpillar | Volvo Construction Equipment Italia SPA | Liebherr Group | Komatsu Group | CNH Industrial | Hitachi Construction Machinery (Europe) | JCB | XCMG Group | KUBOTA Corporation | SANY Group | John Deere Italiana SRL | Merlo | Yanmar | Manitou | Kobelco)
  • Other Prominent Vendors
  • Distributor Profiles

Section 7 Quantitative Summary

  • Quantitative Summary

Section 8 Report Summary

  • Key Insights
  • Abbreviations
  • List of Graphs
  • List of Tables

Section 9 Report Scope & Definition

  • Research Methodology
  • Research Objective
  • Market Definition, Inclusion & Exclusion

LIST OF EXHIBITS

Graph-1 Italy Construction Equipment Market by Volume, 2019-2028 (Unit Sales)

Graph-2 Construction Equipment Market In Italy by Type, 2021 (% Volume Share)

Graph-3 Italy Construction Equipment Market by Volume, 2019-2028 (Unit Sales)

Graph-4 Italy Construction Equipment Market by Value, 2019-2028 ($ MN)

Graph-5 Italy Construction Equipment Market by End-user, 2021 (%)

Graph-6 Italy Construction Equipment Market by Type, 2019-2028 (Unit Sales)

Graph-7 Italy GDP, 2015-2020 ($ TN)

Graph-8 GDP in Major States in Italy, 2020 ($ BN)

Graph-9 Foreign Direct Investment, Net Inflow, 2016-2020 ($ BN)

Graph-10 Italy Construction Equipment Market by Type, 2019-2028 (Unit Sales)

Graph-11 Italy Construction Equipment Market by Type, 2021 (% Volume Share)

Graph-12 Italy Construction Equipment Market by End-user, 2019- 2028 (Unit Sales)

Graph-13 Italy Material-handling Equipment Market, 2019-2028 (Unit Sales)

Graph-14 Italy Material-handling Equipment Market, 2019-2028 ($ MN)

Graph-15 Italy Forklift and Telescopic Handler Market, 2019-2028 (Unit Sales)

Graph-16 Italy Forklift and Telescopic Handler Market, 2019-2028 ($ MN)

Graph–17 Italy Aerial Platforms Market, 2019-2028 (Unit Sales)

Graph–18 Italy Aerial Platforms Market, 2019-2028 ($ MN)

Graph–19 Italy Crane Market, 2019-2028 (Unit Sales)

Graph–20 Italy Crane Market, 2019-2028 ($ MN)

Graph–21 Italy Earthmoving Equipment Market, 2019-2028 (Unit Sales)

Graph–22 Italy Earthmoving Equipment Market, 2019-2028 ($ MN)

Graph–23 Italy Excavator Market, 2019-2028 (Unit Sales)

Graph–24 Italy Excavator Equipment Market, 2019-2028 ($ MN)

Graph–25 Italy Motor Grader Market, 2019-2028 (Unit Sales)

Graph–26 Italy Motor Grader Market, 2019-2028 ($ MN)

Graph–27 Italy Backhoe Loader Market, 2019-2028 (Unit Sales)

Graph–28 Italy Backhoe Loader Equipment Market, 2019-2028 ($ MN)

Graph–29 Italy Other Earthmoving Equipment Market, 2019-2028 (Unit Sales)

Graph–30 Italy Other Earthmoving Equipment Market, 2019-2028 ($ MN)

Graph–31 Italy Road Construction Equipment Market, 2019-2028 (Unit Sales)

Graph–32 Italy Road Construction Equipment Market, 2019-2028 ($ MN)

Graph–33 Italy Road Roller Market, 2019-2028 (Unit Sales)

Graph–34 Italy Road Roller Market, 2019-2028 ($ MN)

Graph–35 Italy Asphalt Paver Market, 2019-2028 (Unit Sales)

Graph–36 Italy Asphalt Paver Market, 2019-2028 ($ MN)

Graph–37 Italy Construction Equipment Market by Construction, 2019-2028 (Unit Sales)

Graph–38 Italy Construction Equipment Market by Construction, 2019-2028 ($ MN)

Graph–39 Italy Construction Equipment Market by Manufacturing, 2019-2028 (Unit Sales)

Graph–40 Italy Construction Equipment Market by Manufacturing, 2019-2028 ($ MN)

Graph–41 Italy Construction Equipment Market by Mining, 2019-2028 (Unit Sales)

Graph–42 Italy Construction Equipment Market by Mining, 2019-2028 ($ MN)

Graph–43 Italy Construction Equipment Market by Others, 2019-2028 (Unit Sales)

Graph–44 Italy Construction Equipment Market by Others, 2019-2028 ($ MN)

Graph–45 Import Value of Construction Equipment from Major Countries, 2020 ($ MN)

Graph–46 Export Value of Construction Equipment to Major Countries, 2020 ($ MN)

Graph–47 Caterpillar: Total Revenue, 2018–2020 ($ BN)

Graph–48 Caterpillar: Sales By Region (% Share)

Graph–49 Caterpillar: Total Revenue by Segment, 2020 (% Share)

Graph–50 Volvo: Construction Equipment Net Sales, 2016–2020 ($ BN)

Graph–51 Volvo: Share Of Net Sales by Market, 2020 (% Share)

Graph–52 Volvo: Share Of Net Sales by Segment, 2020 (% Share)

Graph–53 Liebherr: Total Revenue, 2018–2020 (% Share)

Graph–54 Liebherr: Revenue by Region (% Share)

Graph–55 Liebherr: Total Revenue by Product Segment, 2020 (% Share)

Graph–56 Komatsu: Consolidated Net Sales, 2018–2020 ($ BN)

Graph–57 Komatsu: Construction, Mining and Utility Equipment Business, Sales by Region, 2020
(% Share)

Graph–58 Komatsu: Breakdown of Net Sales by Segment, 2020 (% Share)

Graph–59 Hitachi: Revenue, 2020–2021 ($ BN)

Graph–60 Kubota: Revenue, 2016–2020 ($ BN)

Graph–61 Kubota: Revenue by Segment, 2020 (% Share)

Graph–62 Kubota: Revenue by Region, 2020 (% Share)

Graph–63 John Deere: Revenue 2018-2020 ($ MN)

Graph–64 John Deere: Shareholder Value ($ MN)

Graph–65 John Deere: Net Income ($ MN)

LIST OF TABLES

Table–1 Greenfield Investment in Italy

Table–2 Investments by Sectors in Italy

Table–3 Investments by Countries in Italy

Table–4 Italy Construction Equipment Market by Volume, 2019–2028

Table–5 Italy Construction Equipment by Type, 2019–2018

Table–6 Italy Material–handling Equipment Market Size & Forecast, by Type (Volume, Units)

Table–7 Italy Earth Moving Equipment Market Size & Forecast, by Type (Volume, Units)

Table–8 Italy Road Construction Equipment Market Size & Forecast, by Type (Volume, Units)

Table–9 Italy Construction Equipment Market Size & Forecast, by End–user (Units)

Table–10 Italy Construction Equipment Market by Value, 2019–2028

Table–11 Italy Construction Equipment by Type, 2019–2018

Table–12 Italy Material–handling Equipment Market Size & Forecast, by Type (Value, $ MN)

Table–13 Italy Earth Moving Equipment Market Size & Forecast, by Type (Value, $ MN)

Table–14 Italy Road Construction Equipment Market Size & Forecast, by Type (Value, $ MN)

Table–15 Italy Construction Equipment Market Size & Forecast, by End–user

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