बाजार अवलोकन

The used construction equipment market in France was estimated at 17,558 units in 2021 and is projected to reach 21,058 units by 2028, with a compound annual growth rate (सीएजीआर) का 2.63%. This growth can be attributed to the increasing government investment in the upgrade of public transport and infrastructure, particularly in preparation for the upcoming Olympic Games in 2024. The French government has allocated significant funds to support infrastructure projects and address supply chain disruptions, thereby driving the demand for used construction equipment.

In response to the negative impact of COVID-19, the French government planned to invest over USD 100 billion in the France Reliance 2030 program in 2020. This investment aimed to develop green hydrogen fuel, enhance mobility, and support the railway sector and biodiversity.

The French government is committed to achieving carbon neutrality by 2050. It has implemented measures to control carbon emissions, including reducing mining production and completely banning fossil fuel extraction by 2040.

Investment in the renewable energy sector has also increased. In 2022, funds totaling USD 1 billion were allocated for the development of nuclear power plants and USD 1.9 billion for green hydrogen projects. इसके अतिरिक्त, investments of USD 4 billion and USD 2.5 billion were made for the production of electric vehicles and hybrid vehicles respectively. Another USD 1 billion was invested in the development of 40 GW of offshore wind farms.

The housing industry in France experienced significant growth of 14.6% in 2021, driven by government investment in repair and redevelopment projects across the country. The non-residential sector also saw growth, particularly in warehouses due to the expansion of the e-commerce sector. In 2021 alone, more than 750,000 housing units were renovated, with USD 3.1 billion disbursed for the renovation of 751,646 units.

To further support housing renovation, the French government introduced the France Renov program in 2022, providing financial aid to all income groups. The goal is to renovate 800,000 housing units in the same year.

The French government plans to invest USD 7 billion over the next ten years to upgrade transit facilities, including the development of 9,000 kilometers of railway lines. An additional USD 4.8 billion will be allocated to the maintenance and modernization of public transport systems such as metros and trams in 2022. The government aims to double the transportation of goods by railways by investing USD 170 million annually until 2024. इसके अतिरिक्त, USD 4.7 billion will be used to improve the railway network, while USD 290 million will be designated for the development of 130 kilometers of dedicated cycle paths in Paris.

In response to concerns about air pollution, the French government has proposed stringent emission standards for non-road mobile machinery, including construction equipment, railroad engines, and off-road vehicles. These emission standards aim to reduce nitrogen dioxide and particulate matter emissions. इसके अतिरिक्त, the country has implemented Blue Angel norms for construction machinery, which also include rules for noise and emission levels.

आगे, France has passed a law to ban fossil fuel extraction in all its territories by 2040. This law also prohibits the awarding of new permits and the renewal of existing permits for oil and gas extraction companies. The government aims to reduce fossil fuel dependency by 40% by 2030 through the adoption of alternative energy sources. However, these strict government regulations could potentially impact the demand for used construction equipment in the French market.

The rental industry in France experienced growth in 2021, driven by factors such as rising equipment costs, economic instability, cash shortages, technological upgrades, and extensive infrastructure expansion. Contractors prefer renting construction equipment to manage project costs, particularly due to the increase in labor and raw material prices. Rental operators are investing in technologically advanced and environmentally friendly equipment to expand their fleets and meet customer demands.

Demolition excavators are in high demand in the French market due to their use in rebuilding and renovation projects. Market players such as Hitachi Construction Machinery, Liebherr, Hitachi, and Kobelco offer crawler excavators specifically designed for demolition. Various online portals and companies provide used demolition equipment in France. The demand for these excavators is expected to grow alongside increasing redevelopment and renovation projects across the country.

The earthmoving segment holds the largest share in the used construction equipment market in France, with excavators dominating this segment in 2021. The demand for used construction equipment is driven by infrastructure upgrade projects, including commercial building renovations, railway station improvements, runway repairs, and rural road and bridge extensions. इसके अतिरिक्त, the France Renov program introduced in 2022 aims to renovate 800,000 housing units, further driving demand.

Under the National Recovery Plan, the government allocated USD 100 billion in 2021, with 80% of the investment aimed at promoting urban development, improving the electricity network, and enhancing the transport network.

इसके अतिरिक्त, USD 5.1 billion has been earmarked for road repairs and renovations across France in 2022, and an additional USD 13.4 billion has been allocated for the development and modernization of roads, highways, bridges, and ports.

The demand for aerial platforms is expected to increase due to ongoing housing projects in 2022. इसके अतिरिक्त, the demand for used construction equipment such as mini excavators, cranes, and multi-terrain loaders is likely to grow due to their extensive use in solar, wind, and hydroelectric projects.

The French government has also increased investments in sports facilities for the upcoming 2024 Olympic Games in Paris. USD 200 million has been allocated for the construction of 5,000 new sports facilities, which is expected to drive the demand for used cranes and excavators used in the construction of these facilities.

Recovery in the supply chain of new construction equipment after the pandemic, coupled with rising prices of used equipment, poses major threats to the demand for used construction equipment in France. However, small contractors continue to favor used equipment for short-term projects due to its versatility, lower acquisition costs, and good resale value.

बाजार विभाजन

The market is segmented based on various factors, including type and end user.

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

Segmentation by End Users
निर्माण
Manufacturing
Mining
अन्य

The significant growth of the earthmoving segment in the used construction equipment market can primarily be attributed to the increasing demand for excavators and loaders. These machinery are extensively utilized for tasks such as digging, trenching, and loading gravels at construction sites. आगे, the rise in public infrastructure projects throughout France has further fueled the demand for earthmoving equipment.

In 2021, the earthmoving segment accounted for 54.4% of the overall used construction equipment market in France. It is projected that by 2028, this segment will reach a volume of 11,793 units, exhibiting a compound annual growth rate (सीएजीआर) का 3.05%. फलस्वरूप, used earthmoving equipment currently holds the largest share in the French used construction equipment market. Excavators and backhoe loaders specifically contribute significantly to the used earthmoving equipment segment. These machines are extensively employed in repair and maintenance projects across various industries, including construction, mining, and renewable energy.

The construction industry is expected to witness considerable growth with regards to the volume of used construction equipment. This can be attributed to government investments in affordable housing, railways, road developments, airports, and renewable energy projects. In 2021, the construction industry accounted for 40.8% of the overall used construction equipment market utilization. By 2028, it is estimated that the utilization of used construction equipment in this sector will reach 8,822 units, growing at a CAGR of 3.02%. Notably, the French government has increased infrastructure investments in 2022, with a 67% surge compared to the previous year, as indicated by the finance bill.

प्रतिस्पर्धी परिदृश्य

Prominent vendors in the French used construction equipment market include Caterpillar, Volvo Construction Equipment, Liebherr, Komatsu, Hitachi Construction Machinery, SANY, XCMG, Hyundai Construction Machinery, JCB, and Kobelco.

इसके अतिरिक्त, other notable vendors in the market are Terex Corporation, Yanmar, and JLG.

Within the earthmoving segment, Caterpillar and Volvo Construction Equipment have a strong market share for their excavators and backhoe loaders.

In the used material handling segment, JLG and Terex Corporation hold a significant share.

For used demolition excavators, Liebherr and Hyundai Construction Machinery are prominent providers in the French market. These equipment options have gained popularity due to various infrastructure redevelopment and repair projects taking place across the country.

Key Questions Answered

What is the estimated size of France’s used construction equipment market by 2028?

The projected value of France’s used construction equipment market is expected to reach USD 812.1 मिलियन द्वारा 2028.

How many used construction equipment units are expected to be sold in France by 2028?

It is anticipated that France’s used construction equipment market will witness sales of approximately 21,058 units by 2028.

Which companies are the major players in France’s used construction equipment market?

The key players in France’s used construction equipment market include Caterpillar, Komatsu, Volvo Construction Equipment, Hitachi Construction Machinery, Liebherr, Xuzhou Construction Machinery Group Co. लिमिटेड. (XCMG), SANY, Hyundai Construction Equipment, Kobelco, and JCB.

What is the growth rate of France’s used construction equipment market?

The used construction equipment market in France is expected to grow at a compound annual growth rate (सीएजीआर) का 2.95% (by revenue) से 2022 को 2028.