The Sale of Construction Equipment in France to Reach More than 80k Units by 2028, Government Investment for Grand Paris Project & Olympic 2024 Creating Lucrative Market Opportunities - Arizton

CHICAGO, May 30, 2023 /PRNewswire/ -- According to Arizton's latest research report, the France construction equipment market will grow at a CAGR of 4.91% during 2022-2029.

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The France Relance 2030 program called for the government to invest over $100 billion in 2020. The investment was made to create environmentally friendly hydrogen fuel, enhance mobility, and assist the railway and biodiversity sectors. Due to increased government investments, the housing sector experienced a rapid growth of 14% in 2021. The national renovation of residential and commercial buildings will cost the government more than $3 billion in 2022. The federal government is funding infrastructure development initiatives, such as enlarging airports, railroads, roads, and highways throughout the nation. The market for construction equipment in France is anticipated to be driven by increased infrastructure development projects in the upcoming years.

France Construction Equipment Market Report Scope

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Additionally, the government wants to achieve carbon neutrality by 2050. It has implemented strict policies to reduce carbon emissions, drastically cutting mining output and banning fossil fuel extraction by 2040. Investments in the expansion of the renewable energy industry are rising. About USD 1 billion and USD 1.9 billion were set aside in 2022 to construct nuclear power plants and green hydrogen fuel. Additionally, the government spent USD 4 billion and USD 2.5 billion to produce hybrid and electric vehicles in 2022. The development of 40 GW of offshore wind farms will also cost USD 1 billion by 2022.

Market Trends & Drivers

Government Investment for Grand Paris Project & Olympic 2024  

The French government is expected to increase the investment in sports facilities to promote sports in the country. In 2022, the government planned to invest USD 200 million to build 5,000 new sports facilities by the start of the Olympic Games in Paris in 2024. The government aims to build 1,000 multi-sports athletic complexes, 500 tennis courts, and 500 basketball courts by 2024. The investment is also directed to improve public infrastructure facilities and hotels, which are majorly used for accommodating international delegations of athletes & media persons. Further, the government also launched the Grand Paris Express project to upgrade the transit facilities across Paris. The government invested USD 28.1 billion in uniting Paris with ILe-de- France with 200 kilometers of the new metro line in 2022.

The surge in Demand for Demolition Excavators

The French government is investing in renovation and rebuilding projects nationwide in 2023. Several aged infrastructures are demolished for renovation purposes which prompts the use of demolition excavators in the France construction equipment market. Crawler excavators having higher durability are used for demolition. High-durable equipment can withstand demolition projects. Further, Hitachi Construction Machinery in Europe sells crawler excavators designed solely for demolition. They provide greater protection for the person in the cab and greater durability for the toughest demolition projects. These machines as fitted with mono, two- or three-piece booms, and their demolition machines can reach up to 40m. Other major OEMs like Liebherr, Hitachi, and Kobelco majorly offer demolition excavators in the France construction equipment market.

Prominent Vendors

• Caterpillar
• Komatsu
• Xuzhou Construction Machinery Group Co. Ltd. (XCMG)
• Liebherr
• Volvo Construction Equipment
• Hitachi Construction Machinery
• JCB
• SANY
• Kobelco
• Hyundai Construction Equipment
• Yanmar
• Konecranes
• Wacker Neuson
• Bell Equipment
• MERLO Group
• Magni TH
• Takeuchi
• Toyota Material Handling
• Manitou
• BOMAG
• Kubota
• Mecalac

Distributor Profiles

• M3
• Aprolis
• Avlo group
• COBEMAT
• Mini BTP
• Ludimat
• SODINEG France
• Blanchard BTP
• Bouchard Manutention

Market Segmentation

Type

• Earthmoving Equipment
• Excavator
• Backhoe Loaders
• Motor Graders
• Other Earthmoving Equipment (Other 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 lifts)
• Other Construction Equipment
• Dumper
• Tipper
• Concrete Mixture
• Concrete Pump Truck

End Users

• Construction
• Mining
• Manufacturing
• Others (Power Generation, Utilities Municipal Corporations, Oil & Gas, Cargo Handling, Power Generation Plants, Waste Management)

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Table of Content  

Section 1 – Research Methodology

Section 2 – Research Objective

Section 3 – Research Process

Section 4 – Introduction

4.1 Market Coverage

4.2 Report Scope

Section 5 – Market At A Glance

5.1 Market Snapshot

Section 6 – Executive Summary

Section 7– Market Landscape

7.1 PESTEL Analysis

7.2 Economic Scenario

7.3 Key Projects

7.4 Market Dynamic

7.5 Key Economic Regions in France

7.6 Import & Export Analysis

7.7 Supply Chain Analysis

Section 8– Segmentation

8.1 By Equipment Type

8.1.1 Equipment Definition (Earthmoving)

8.1.1.1 Earthmoving Equipment (Volume & Value)

8.1.1.2 Excavators

8.1.1.3 Backhoe Loaders

8.1.1.4 Motor Graders

8.1.1.5 Other Earthmoving Equipment (Other Loaders, Bulldozers, Trenchers, etc.)

8.1.2 Equipment Definition (Road Construction)

8.1.2.1 Road Construction (Volume & Value)

8.1.2.2 Road Rollers

8.1.2.3 Asphalt Pavers

8.1.3 Equipment Definition (Material Handling)

8.1.3.1 Material Handling Equipment (Volume & Value)

8.1.3.2 Cranes

8.1.3.3 Forklifts & Telehandlers

8.1.3.4 Aerial Platforms

8.1.4 Equipment Definition (Other Equipment)

8.1.4.1 Other Equipment (Volume & Value)

8.1.4.2 Dumpers

8.1.4.3 Tippers

8.1.4.4 Concrete Mixtures

8.1.4.5 Concrete Pump Trucks

8.2 By End-users

8.2.1 End-user Definition

8.2.2 Construction

8.2.3 Manufacturing

8.2.4 Mining

8.2.5 Others (Waste Management, Agriculture, Oil & Gas Extraction, Utilities & Energy, Power Generation, Disaster Management, and Water Management)

Section 9– Geographical Analysis

Section 10– Technology Development

Section 11– Competitive Landscape

11.1 Competitive Landscape Overview

11.2 List of Construction Companies/ Contractors

11.3 Vendors ((Caterpillar | Volvo Construction Equipment| Komatsu | Hitachi Construction Machinery |Liebherr | JCB | Hyundai Construction Equipment |BOMOG| Kobelco| Kubota| Manitou |Yanmar |SANY| XCMG| Toyota Material Handling| Takeuchi| MECALAC| Wacker Neuson| Bell Equipment| MERLO| Magnith| Kone Crane)

11.4 Other Prominent Vendors

11.5 Distributors Companies Profiles

Section 12– Report Summary

12.1 Key Insights

12.2 Abbreviation

12.3 Exhibits

12.4 Related Report

12.5 Database

12.6 Global Reach

12.7 Offerings

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SOURCE Arizton Advisory & Intelligence