Spain Compact Construction Equipment Market to Reach $1.9 billion by 2029, More than 24,043 Units Compact Construction Equipment to be Sold in the Next 6 Years – Arizton

According to Arizton’s latest research report, the Spain compact construction equipment market is growing at a CAGR of 5.12% during 2022-2029. 

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Spain stands on a very important position in hydrogen production and supply to other European countries. In addition to being the connection between the European continent and North Africa, its location in the Mediterranean region and its proximity to the Middle East could make the country a front-runner in the global hydrogen market. The Hydrogen Roadmap of Spain lays down national targets for 2030 and 2050, where the country believes in achieving climate neutrality and having a 100% renewable energy system. The government has announced its plans to increase production (10 million tons) and green hydrogen consumption (20 million tons) by 2030.  

Counterbalanced forklifts are the most extensively sold compact construction equipment in Spain. According to the Association of construction equipment in Spain ‘ANMOPYC’, 11,000 counterbalanced forklifts were sold in Spain, as opposed to 16,390 in 2021. This significant decline in this equipment category overall impacted total compact construction equipment sales. The CECE projected construction equipment sales to rise by 4.0% in 2023.  

Our Report Includes: 

• Impact of COVID-19 
• CAGR for the forecast period 2022-2029 
• Compact construction equipment is used in applications, including material handling, maintenance & utility works, waste management, and other applications. 
• End-users in construction, mining, warehouse & logistics, and other industries use Compact Construction equipment. 
• Volume and value within countries are based on domestic demand and supply. 
• Compact construction equipment is rented for residential and commercial construction activities.  
• Compact construction equipment imported from other countries (excluding used equipment). 
• The compact construction equipment market includes only new equipment unless we have provided a used/lease/rental market separately.  
• All currency conversions are in USD unless specifically stated. 
• Volume market signifies unit sales and is in absolute numbers. Value market signifies US$ millions unless specifically mentioned.  
• Global and regional manufacturers have a significant presence in the region/country, and domestic manufacturers are considered for evaluating the vendor capability matrix.  
• Companies’ functional capabilities, such as regional revenue, segment revenue, distribution status, mergers & acquisitions, brand positioning, and operational capabilities, such as product launches, production capacity, technology adoption, and promotional strategies, were collected through secondary research and mapped into four quadrants to position them as a front runner, straggler, emerger, and nicher. 

Spain Compact Construction Equipment Market Dynamics 

Drivers 

• Government investment in public infrastructure 
• Increased investment in green energy projects 
• Flourishing tourism sector  

Trends 

• Increased investment in hydrogen fuel network  
• Increased investment in water & solid waste management activities 
• Integration of technological solutions 

Challenges 

• Skilled Labor Shortage  
• High-Interest Rates 
• Surge in Input prices & difficult market situations 

Opportunities 

• Rise in Landscaping Activities 
• Incorporation of Digital Technology 
• Increased Investment in Copper Mining 

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Prominent Vendors 

• Caterpillar 
• Komatsu 
• Volvo Construction Equipment 
• Hitachi Construction Machinery 
• JCB 
• SANY 
• Xuzhou Construction Machinery Group Co. Ltd. (XCMG) 
• Kubota 
• Kobelco 
• Hyundai Construction Equipment 
• Takeuchi 
• CNH Industrial 
• LiuGong 
• Bobcat 
• Liebherr 
• Manitou 
• Wacker Neuson 
• Yanmar 
• MERLO Group 
• Mecalac 
• Toyota Material Handling 
• Develon 
• DIECI Srl 
• AUSA 
• VF VENIERI Spa 
• Hinowa S.p.A. 
• Eurocomach 
• Kalmar 
• Haulotte 

Distributor Profiles 

• Centrocar 
• Aurteneche Maquinaria 
• SUR KOMAT Maquinaria S.L. 
• Finanzauto 
• Opein 
• Huppenkothen 
• ITT BobcatOf 
• WALKIA 

Market Segmentation 

Type 

• Excavators 
• Backhoe Loaders 
• Wheeled Loaders 
• Track Loaders 
• Skid Steer Loaders 
• Telehandlers 
• Forklifts 
• Aerial Platforms 
• Others (Articulated Loaders, Truck Carriers) 

Application 

• Material Handling 
• Maintenance & Utility Works 
• Waste Management 
• Other Applications 

End Users 

• Construction 
• Mining 
• Warehouse & Logistics 
• Other (Power Generation, Utilities Municipal Corporations, Oil & Gas, Cargo Handling, Power Generation Plants) 

Key Questions Answered in the Report: 

How big is the Spain compact construction equipment market? 

What is the growth rate of the Spain compact construction equipment market? 

Who are the key players in the Spain compact construction equipment market? 

What are the trends in the Spain compact construction equipment market? 

Which are the major distributor companies in the Spain compact construction equipment market? 

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Get the Detailed Table of Contents of the Report @ https://www.arizton.com/market-reports/spain-compact-construction-equipment-market?details=tableOfContents 

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