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DUBLIN , June 13, 2022 /PRNewswire/ -- The "Italy Construction Equipment Market - Strategic Assessment & Forecast 2022-2028" report has been added to ResearchAndMarkets.com's offering.
Italian construction equipment market is expected to grow at a CAGR of 6.6% during 2022-2028 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.
By 2028, the CAGR of earthmoving segment is expected to be the fastest growing segment among the construction equipment in Italy over the forecast period. However, in 2021, material handling was the largest segment in Italy construction equipment market.
By 2028, the material handling equipment segment in Italy is estimated to grow at a CAGR of 6.35%. Italy is facing a labor shortage in various industries such as construction and manufacturing post COVID-19 outbreak. This increases the demand for high-capacity luffing tower cranes that speed up the construction process and reduce labor dependency.
The construction equipment market is consolidated with Caterpillar emerging as the leader, followed by Volvo Construction Equipment Italia SPA, Liebherr Group, Komatsu Group, CNH Industrial and Hitachi Construction Machinery (Europe ). These companies have nearly 70% share of the total Italy construction equipment market. KEY HIGHLIGHTS IN THE REPORT
Key Topics Covered: Section 1 Introduction
Section 9 Report Scope & Definition
For more information about this report visit https://www.researchandmarkets.com/r/n50gym
Research and Markets Laura Wood , Senior Manager [email protected]
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