According to Arizton’s latest research report, the Italy construction equipment market is growing at a CAGR of 2.39% during 2023-2029.
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Report Summary
Market Size – Volume (2029): 61.3 Thousand Units
Market Size – Volume (2023): 53.2 Thousand Units
CAGR (2023-2029): 2.39%
Market Size – Revenue (2029): $1.93 Billion
Historic Year: 2020-2022
Base Year: 2023
Forecast Year: 2024-2029
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Increased Investment in Public Infrastructure Projects Creating Boom in the Market
In March 2024, the Italian transmission system operator (TSO) Terna announced an ambitious plan to invest a record-breaking USD 17.9 billion to accelerate decarbonization efforts in Italy. This investment, guided by the concept of dual transition—integrating digital and energy advancements—aims to transform the country’s infrastructure. The plan, outlined in Terna’s 2024-2028 Industrial Plan, marks a 65% increase in investment compared to previous plans, with USD 2.8 billion allocated for 2024 alone. A significant portion of these funds will be directed towards strengthening Italy’s power grid.
In April 2024, the Italian government revealed that nearly USD 215.3 billion in EU loans and grants under the “Next Generation EU” initiative would be allocated to Italy. These funds are intended to stimulate economic growth through extensive infrastructure projects, administrative modernization, and reforms. Padua will benefit from these funds, using them to expand public transport, improve administrative services, and support urban development. The expansion of these projects is expected to positively impact the Italian construction equipment market.
Additionally, Italy has allocated USD 752.2 million to upgrade regional railway infrastructure with hydrogen and electric trains. This investment will facilitate the purchase of 11 hydrogen-powered trains and numerous electric trains across various regions, focusing on modernizing the national railway network in both southern and central-northern Italy. This initiative highlights Italy’s commitment to enhancing its transport infrastructure while advancing environmental sustainability.
The Italian transport ministry has also disclosed that of the USD 65.5 billion available, which includes funds from European loans and national resources, approximately USD 36 billion (56% of the total) has been designated for eight regions in the South. This allocation represents 48% of the PNRR funds and 75% of the national funds allocated to the region.
Recent Market Updates
- In April 2024, Dieci Telehandler at Intermat, alongside the revised Pegasus range, featured three unique lines. Notable offerings in this range included the Essential 40.18, designed for the rental sector, boasting a 400-degree non-continuous rotation; and the high-performance Classic 75.25 equipped with Dual Energy, a detachable kit allowing operation without the internal combustion engine.
- In January 2024, Kobelco announced the new telescopic boom crane TKE750G, which features a maximum lifting capacity of 75 metric tons. It is also integrated with the EU Stage V-compliant engine.
- In May 2023, Komatsu manufactured a medium-sized hydraulic excavator machine that uses a hydrogen fuel cell. In February 2024, Komatsu also launched a concept machine, a hydraulic excavator equipped with a hydrogen fuel cell.
- Kubota introduced an 8.5-ton mini excavator, which features a two-piece boom that can be attached to the excavator, increasing its working range, dumping capacity, and efficiency in tight places.
Italy Construction Equipment Market Dynamics
Drivers
- Continuous investment under Italy’s National Recovery and Resilience Plan (PNRR)
- Increased investment in renewable energy projects
- Rising development of LNG and Green Hydrogen Infrastructure
Trends
- Rising focus on compact and electric construction equipment
- Increase in recycling activity and investment in waste-to-energy projects
- Integration of AI and robotics in construction equipment
Challenges
- Housing Crises in Italy
- Skilled Labor Shortage
- High Construction Costs
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Key Vendors
- Caterpillar
- Komatsu
- Volvo Construction Equipment
- Hitachi Construction Machinery
- Liebherr
- JCB
- SANY
- Xuzhou Construction Machinery Group Co. Ltd. (XCMG)
- Kobelco
- Zoomlion Heavy Industry Science&Technology Co., Ltd.
- CNH Industrial
- HD Hyundai Construction Equipment
- John Deere
- Kubota
- DEVELON
- Manitou
- MERLO S.p.A.
Other Prominent Vendors
- LiuGong
- Yanmar
- Terex Corporation
- Takeuchi Manufacturing
- Hidromek
- Tadano
- Bobcat
- Haulotte
- Toyota Material Handling
- AMMANN
- AUSA
- Sunward Intelligent Equipment Group
- Mecalac
- Wacker Neuson
- The Manitowoc Company, Inc.
- Bomag
- Euromach
- DIECI Srl
- VF VENIERI S.p.a.
- Kalmar
- Hinowa S.p.A.
- ALMAC S.p.A.
- Carmix
- Spierings Mobile Cranes
- Manitex International Inc
Distributor Profiles
- Abramo Mason Srl
- BSM SRL
- Carmi Spa
- Comar Commerciale Spa
- Piolanti Srl
- Gruppo Minitop srl
Market Segmentation by Type
- Earthmoving Equipment
- Excavator
- Backhoe Loaders
- Wheeled Loaders
- Other Earthmoving Equipment (Other loaders, Bulldozers, Trenchers, Motor Graders)
- 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 Mixer
- Concrete Pump Truck
- Segmentation by End Users
- Construction
- Mining
- Manufacturing
- Others (Power Generation, Utilities Municipal Corporations, Oil & Gas, Cargo Handling, Power Generation Plants, Waste Management)
Key Questions Answered in the Report:
How big is the Italy construction equipment market?
What is the growth rate of the Italy construction equipment market?
What are the trends in the Italy construction equipment market?
Who are the key players in the Italy construction equipment market?
Which are the major distributor companies in the Italy construction equipment market?
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