Italy Construction Equipment Market Overview:
The Italy construction equipment market is projected to exhibit a growth rate (CAGR) of 5.40% during 2024-2032. The market is thriving mainly due to heavy investment in infrastructure, including the roads, bridges and urban areas. Government initiatives are significantly boosting the demand for various construction machinery, which, in turn, is contributing to the market growth across the country.
Report Attribute
|
Key Statistics
|
Base Year
|
2023 |
Forecast Years
|
2024-2032
|
Historical Years
|
2018-2023
|
Market Growth Rate (2024-2032) |
5.40% |
Italy Construction Equipment Market Trends:
Electrification of Equipment
The electrification of construction equipment in Italy is accelerating as companies nowadays are shifting towards more sustainable practices. This move is mainly driven by the strict environmental regulations aiming to reduce greenhouse emissions. As a result, there is a noticeable rise in the adoption of the electric and hybrid construction machinery such as excavators, loaders and backhoes. These electric models offer significant advantages over traditional diesel-powered equipment including lower operating costs, reduce noise pollution and zero emission during operation. For instance, LiuGong, a Chinese multinational construction manufacturing machinery company is gaining momentum in Europe, with a focus on Italy. The company's success is attributed to its customer and dealer interactions, as well as product design. At SAMOTER 2023, LiuGong will display its machines, which are tailored to the Italian market. The lineup includes excavators and intelligent, sustainable technology. This showcases LiuGong's commitment to a cleaner, sustainable future. Italy is viewed as a crucial market, and LiuGong aims to further build on its success there. This trend is not only environmentally beneficial but also economically viable as it aligns with global efforts to combat climate change and improve Efficiency of construction operations. Major manufacturers nowadays are responding by expanding their portfolios of electric and hybrid equipment to meet the growing demand.
Rising Focus on Infrastructure Development
In Italy the rising focus on infrastructure development is significantly influencing the construction equipment market. Significant government investments and funding into construction and rehabilitation of roads, bridges and urban infrastructures are driving the demand for different type of construction equipment. For instance, in 2024, Italy has secured €23.74 billion in EU funding to improve its transportation infrastructure including roads, railways, ports and airports. Major projects such as Ionian Highway upgrade and the Naples-Bari high speed railway are underway. International interest in investing in Italian infrastructure is growing with 71% of international companies and institutions having invested in past four years. The focus is also on sustainable demolition of material recycling to promote a circular economy within the construction industry. These developments are generally necessitated by the need to modernize Italy’s infrastructure and enhance its efficiency and safety further contributing to the economic growth. Furthermore, these infrastructure projects support the construction industry by providing substantial employment opportunities and fostering technological advancements in construction methodologies and equipment. The push towards improving infrastructure also stimulates related industries creating a broad economic impact.
Italy Construction Equipment Market News:
- In June 2023, CNH Industrial inaugurated a new machine assembly plant in Cesena, Italy, focusing on compact construction equipment, including electric models. The site, part of CNH International after the acquisition of Sampierana in 2021, has undergone a €12 million upgrade. The plant, a center of excellence for compact construction machines, is set to produce track loaders and compact excavators for global sales under Case Construction Equipment, New Holland Construction, and Eurocomach brands.
- In April 2024, Italian company Mollo Group plans to boost investment in green equipment, aiming for a €150 million revenue target by 2024. The company will focus on adding hybrid and electric equipment to its eco-friendly Blue & Green range while also continuing employee support initiatives. The announcement was made during the 13th Mollo Group Convention in Alba, Italy. The company reported a 22% turnover increase for 2023, expanding its depot network to 57 and planning to add eight more depots in 2024.
Italy Construction Equipment Market Segmentation:
IMARC Group provides an analysis of the key trends in each segment of the market, along with forecasts at the country level for 2024-2032. Our report has categorized the market based on solution type, equipment type, type, application, and industry.
Solution Type Insights:
The report has provided a detailed breakup and analysis of the market based on the solution type. This includes products and services.
Equipment Type Insights:
- Heavy Construction Equipment
- Compact Construction Equipment
A detailed breakup and analysis of the market based on the equipment type have also been provided in the report. This includes heavy construction equipment and compact construction equipment.
Type Insights:
- Loader
- Cranes
- Forklift
- Excavator
- Dozers
- Others
The report has provided a detailed breakup and analysis of the market based on the type. This includes loader, cranes, forklift, excavator, dozers, and others.
Application Insights:
- Excavation and Mining
- Lifting and Material Handling
- Earth Moving
- Transportation
- Others
A detailed breakup and analysis of the market based on the application have also been provided in the report. This includes excavation and mining, lifting and material handling, earth moving, transportation, and others.
Industry Insights:
- Oil and Gas
- Construction and Infrastructure
- Manufacturing
- Mining
- Others
The report has provided a detailed breakup and analysis of the market based on the industry. This includes oil and gas, construction and infrastructure, manufacturing, mining, and others.
Regional Insights:
- Northwest
- Northeast
- Central
- South
- Others
The report has also provided a comprehensive analysis of all the major regional markets, which include Northwest, Northeast, Central, South and Others.
Competitive Landscape:
The market research report has also provided a comprehensive analysis of the competitive landscape. Competitive analysis such as market structure, key player positioning, top winning strategies, competitive dashboard, and company evaluation quadrant has been covered in the report. Also, detailed profiles of all major companies have been provided.
Italy Construction Equipment Market Report Coverage:
Report Features |
Details |
Base Year of the Analysis |
2023 |
Historical Period |
2018-2023 |
Forecast Period |
2024-2032 |
Units |
Billion US$ |
Scope of the Report |
Exploration of Historical Trends and Market Outlook, Industry Catalysts and Challenges, Segment-Wise Historical and Future Market Assessment:
- Solution Type
- Equipment Type
- Type
- Application
- Industry
- Region
|
Solution Types Covered |
Products, Services |
Equipment Types Covered |
Heavy Construction Equipment, Compact Construction Equipment |
Types Covered |
Loader, Cranes, Forklift, Excavator, Dozers, Others |
Applications Covered |
Excavation and Mining, Lifting and Material Handling, Earth Moving, Transportation, Others |
Industries Covered |
Oil and Gas, Construction and Infrastructure, Manufacturing, Mining, Others |
Regions Covered |
Northwest, Northeast, Central, South, Others |
Customization Scope |
10% Free Customization |
Post-Sale Analyst Support |
10-12 Weeks |
Delivery Format |
PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |
Key Questions Answered in This Report:
- How has the Italy construction equipment market performed so far and how will it perform in the coming years?
- What has been the impact of COVID-19 on the Italy construction equipment market?
- What is the breakup of the Italy construction equipment market on the basis of solution type?
- What is the breakup of the Italy construction equipment market on the basis of equipment type?
- What is the breakup of the Italy construction equipment market on the basis of type?
- What is the breakup of the Italy construction equipment market on the basis of application?
- What is the breakup of the Italy construction equipment market on the basis of industry?
- What are the various stages in the value chain of the Italy construction equipment market?
- What are the key driving factors and challenges in the Italy construction equipment?
- What is the structure of the Italy construction equipment market and who are the key players?
- What is the degree of competition in the Italy construction equipment market?
Key Benefits for Stakeholders:
- IMARC’s industry report offers a comprehensive quantitative analysis of various market segments, historical and current market trends, market forecasts, and dynamics of the Italy construction equipment market from 2018-2032.
- The research report provides the latest information on the market drivers, challenges, and opportunities in the Italy construction equipment market.
- Porter's five forces analysis assist stakeholders in assessing the impact of new entrants, competitive rivalry, supplier power, buyer power, and the threat of substitution. It helps stakeholders to analyze the level of competition within the Italy construction equipment industry and its attractiveness.
- Competitive landscape allows stakeholders to understand their competitive environment and provides an insight into the current positions of key players in the market.