Construction equipment

Poland’s construction equipment market will reach over $2 billion by 2028. Over 43,000 units of construction equipment will be sold in the next 5 years – Arizton

SIRIUS MANAGEMENT CONSULTANCY

The Polish construction equipment market is expected to grow at a steady pace with a CAGR of 4.2% during the period 2022-2028 with strong demand for excavators in the earthmoving segment.

Chicago, Aug. 02, 2022 (GLOBE NEWSWIRE) — According to Arizton’s latest research report, the Polish construction equipment market’s revenue will exceed $2 billion by 2028. The market is expected to see the sale of more than 43,000 units by 2028. The demand for forklift construction equipment is expected to grow significantly due to increased investment in logistics and port development projects across Poland in the coming years.

There has been a considerable increase in investment in the renewable energy sector in Poland, the government planned to invest $735 million in solar and wind projects in 2022. Additionally, the country’s logistics and warehouse sector saw strong growth in 2021. Thus, growth in the renewable energy and logistics sectors are expected to propel the demand for material handling equipment, such as cranes and forklifts, in Poland.

Scope of the Poland Construction Equipment Market Report

Report attributes

Details

MARKET SIZE (2028)

Over $2.01 billion

MARKET SIZE (2021)

About $2 billion

CAGR (2022-2027)

More than 4%

MARKET SIZE (VOLUME)

43,683 Units (2028)

HISTORICAL YEAR

2019-2020

YEAR OF REFERENCE

2021

FORECAST YEAR

2022-2028

TYPE

Earthmoving equipment, road construction equipment and material handling equipment

END USERS

Construction, manufacturing, mining and others

KEY SUPPLIERS

Caterpillar, Volvo Construction Equipment, Liebherr, XCMG, JCB, Komatsu, Manitou, Hyundai Construction Equipment, Wacker Neuson & CNH Industrial

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Strong demand For construction equipment Deu youo Strong increase in infrastructure projects

In the medium and long term, the Polish construction industry looks promising. Various public road and rail infrastructure development projects undertaken by leading public investors and backed by EU backed financing will drive the growth of the construction equipment market. As part of the Polish New Deal plan, the Polish government announced a $47 billion investment in rail and road infrastructure in 2021. Additionally, as part of the Recovery and Resilience Plan (RRP) 2021-2026 , Poland received about $39 billion in total, including $25.8 billion in grants and $13.2 billion in loans. Additionally, the country has allocated about $7.5 billion to other construction-related activities. With many transportation and public infrastructure development projects to be completed in the coming years, the demand for construction equipment is expected to increase during the forecast period.

key ideas

  • The Polish construction equipment market is expected to grow at a steady pace of a CAGR of 4.20% during the forecast period (2022-2028) with strong demand for excavators in the earthmoving segment. The strong increase in infrastructure investments under the European Recovery and Resilience Plan (2021-2026) is expected to have a positive impact on the demand for construction equipment in the Polish market.

  • In 2021, the European Union granted $24.9 billion under its recovery and resilience program. Additionally, the Polish government unveiled its intention to invest $44.6 billion in the development of roads and railways. Some of the major infrastructure projects such as the Baltic Offshore Pipeline, Mokotow Residential Complex, Gustorzyn Gas Pipeline in Wronow, and Zamosc Residential Community are underway in 2022.

  • Rising costs of construction materials and labor are the main challenges in Poland. According to the Polish Association of the Construction Industry, the prices of construction materials such as iron, steel, cement and concrete have increased by 22% compared to 2021.

  • Major Polish suppliers such as Caterpillar, Volvo Construction equipment, XCMG, JCB and Komatsu held a 34.2% share in 2021.

  • Caterpillar, Komatsu, Volvo Construction Equipment, SANY, JCB, Liebherr, Hyundai Construction equipment, XCMG, CNH industrials, Manitou & Wacker Neuson are leading suppliers.

  • Hitachi, LiuGong, FAYAT, Tur Poland, Huss Mach construction machinery are the other significant suppliers in the Polish construction equipment market.

Main suppliers

Other Important Suppliers

Distributor Profiles

Segmentation by type

Explore the industrial machinery profile to learn more about the industry.

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About Arizton:

Arizton Advisory and Intelligence is an innovation and quality-driven company that provides industry-leading research solutions to clients around the world. We excel in providing comprehensive market intelligence reports and advisory and consultancy services.

We offer comprehensive market research reports on industries such as consumer goods and retail technology, automotive and mobility, smart technologies, healthcare and life sciences, industrial machinery, chemicals and materials, IT and media, logistics and packaging. These reports contain detailed industry analysis, market size, share, growth drivers and trend forecasts.

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Call: +1-312-235-2040
+1 302 469 0707

CONTACT: Arizton Advisory and Intelligence Call: +1-312-235-2040  +1 302 469 0707


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