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DUBLIN, December 6, 2022 /PRNewswire/ — The “France Used Construction Equipment Market – Strategic Assessment and Forecast 2022-2028” report has been added to ResearchAndMarkets.com’s offering.
The France The used construction equipment market is estimated at 17,588 units in 2021 and is expected to reach 16,670 units by 2028, growing at a rate of 2.63%.
Growing government investment in improving public transport and infrastructure due to the upcoming 2024 Olympic Games is expected to boost demand for used construction equipment. Government investment in infrastructure projects and supply chain disruptions in the new equipment market Support for the used construction equipment market.
In 2020, the French government planned to invest more than 100 billion dollars within the France Reliance 2030 program to overcome the negative impact of COVID-19. The investment was aimed at developing green hydrogen fuel, improving mobility and supporting the railway sector and biodiversity.
In 2022, the Government invested more than 3 billion dollars in the renovation of residential and commercial buildings throughout the country. The housing sector experienced a sharp growth of ~14% in 2021 due to rising government investments.
The French government aims to become carbon neutral by 2050. The government has taken strong steps to control carbon emissions by reducing mining production and completely banning fossil fuel extraction by 2040.
Investment in the development of the renewable energy sector is increasing. 1 billion dollars funds are allocated for the development of nuclear power plants, and then 1.9 billion dollars for green hydrogen. Investments are made in the production of electric vehicles (4 billion dollars) and hybrid vehicles (2.5 billion dollars) in 2022. In addition, 1 billion dollars invested in the development of 40 GV offshore wind power plants in 2022.
The used equipment market benefits from government investment in housing renovation projects
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The French housing industry recorded a sharp growth of 14.6% in 2021; The industry is expected to grow at a rapid pace due to growing government investment in housing repair and reconstruction projects across the country. The non-residential sector also grew due to warehouse expansion driven by the growth of the e-commerce sector in 2021. There is an increase in residential renovation projects across the country in 2021. According to France housing data, more than 750,000 housing units will be renovated in 2021. The government has paid 3.1 billion dollars rebuild 751,646 housing units in 2021
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In 2022, the French government introduced the France Renov program, which provides financial assistance for the renovation of homes. The French government provides financial assistance to all income groups. The government aims to renovate 800,000 housing units in 2022
Infrastructure and public transit projects increase the utilization of used construction equipment
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The French government will increase investment in improving transit facilities across the country in 2022. The government plans to invest 7 billion dollars in the next ten years to develop 9,000 kilometers of railway. Additionally, 4.8 billion dollars will be set aside for the maintenance and modernization of public transport, such as the metro and trams, in 2022. The French transport minister planned to invest 170 million dollars annually until 2024 to double the transportation of goods by rail. 4.7 billion dollars it is intended for the improvement of the railway network and the reconstruction of railway tracks. The government also planned to invest 290 million dollars to develop 130 kilometers of separate roads for cycles in Paris
The government’s strict norms to control carbon emissions are expected to hamper the sale of used construction equipment
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of France the government’s concern about air pollution makes it take necessary steps to control it. The government has proposed strict emission standards for non-road mobile machinery such as construction equipment, railway engines and off-road vehicles. Phase V emission standards would replace the multi-layered legal framework in Europe. The Stage V emission standard focuses on reducing nitrogen dioxide and particulate emissions. The country also has Blue Angle norms for construction machinery. The norm also tightens the rules for noise emission and low emission levels
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Around that, France passes a law prohibiting any extraction of fossil fuels in all its constituent territories until 2040. The law also prohibits the granting of new licenses and the renewal of existing licenses to oil and gas extraction companies. The French government is focusing on reducing coal mining to reduce dependence on fossil fuels. The government aims to reduce fossil fuels by 40% by 2030 by choosing alternative energy sources. Strict government laws are expected to hamper demand for used construction equipment in the French market
The growing impact on the rental market of the demand for used construction
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The rental industry in France witnessed post-pandemic growth in 2021. The rental industry is witnessing rising demand due to rising equipment costs, increased economic volatility, cash shortages, technological upgrades, and major infrastructure expansion. Contractors prefer to rent construction equipment to manage overall project costs that have increased due to rising labor and raw material prices. Rental operators are investing heavily in technologically advanced and environmentally friendly construction equipment to grow their fleet and efficiently meet the increasing demands of their customers
High demand for demolition excavators
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Demand for demolition excavators is growing in the French market due to their use in reconstruction and renovation projects. Crawler excavators with high durability are used for demolition. Hitachi construction machinery in Europe sells crawler excavators intended exclusively for demolition. Various online portals and companies such as Via-Mobilis, Ritchie bros, Ekuippo, & truck1 offer used demolition equipment on the French market. Liebherr, Hitachi & Kobelco mainly offer demolition excavators on the French market. The demand for these excavators is expected to grow due to the growing rebuilding and renovation projects across the country
Key Highlights
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The segment of earthworks has the largest share in of France used construction equipment market. Excavators held the largest share in the earthmoving segment in 2021
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Infrastructure improvement projects such as renovation of commercial buildings, railway stations and airports, repair of runways and widening of roads and bridges in rural areas of the country are causing high demand for used construction equipment in France market. In 2022, the French government introduced the France Renov program, which provides financial assistance for the renovation of homes. The government aims to renovate 800,000 housing units in 2022
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The government allocated 100 billion dollars in the funds of the National Recovery Plan in 2021, the largest part of investments (80%) is planned for the improvement of urban development, electric power network and transport network
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The government also plans to invest 5.1 billion dollars for the repair and renovation of roads throughout the country in 2022. 13.4 billion dollars is intended for the development and modernization of roads, highways, bridges and ports in 2022.
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The demand for aerial platform is expected to increase significantly due to various residential projects underway in 2022. The demand for used construction equipment such as mini excavators, cranes and multi-terrain loaders is likely to increase due to its wide use for installing solar, wind and hydroelectric projects
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The French government is increasing investment in sports facilities for the upcoming Olympic Games in 2024. The government plans to invest 200 million dollars for the construction of 5,000 new sports facilities by the start of the Olympic Games in Paris in 2024 to encourage sports Demand for used cranes and excavators is expected to grow due to the rise in the construction of sports facilities
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The recovery in the supply chain of new construction equipment after the pandemic and rising prices of used equipment are the main threats to the demand for used construction equipment in France. However, used equipment is expected to remain popular among small contractors for short project intervals due to its diverse portfolio and low acquisition cost and good resale value.
Answers to key questions:
1. What is the expected size of of France The used construction equipment market by 2028.
2. What is the expected number of used construction equipment for sale France until 2028?
3. Who are the key players in of France used construction equipment market?
4. What is the growth rate at of France used construction equipment market?
Key topics covered:
1. Presentation
2. Market overview
3. French used construction equipment (type and application)
3.1. Used Construction Equipment Market in France by Type (Volume and Value)
3.1.1. Equipment for earthworks
3.1.1.1. Excavator
3.1.1.2. Backhoe loader
3.1.1.3. Motor grader
3.1.1.4. Other earthmoving equipment (other loaders, bulldozers, backhoes, etc.)
3.1.2. Material handling equipment
3.1.2.1. Crane
3.1.2.2. Forklift and telescopic loader
3.1.2.3. Aerial platforms (articulated cranes, telescopic cranes, scissor cranes, etc.)
3.1.3. Road construction equipment
3.1.3.1. Roller
3.1.3.2. Asphalt Paver
3.2. Used Construction Equipment Market in France by Application (Volume and Value)
3.2.1. Construction
3.2.2. Mining
3.2.3. Manufacturing
3.2.4. Other (power generation, utility municipal corporations, oil and gas, cargo handling, power generation facilities, waste management, etc.)
4. Market dynamics
4.1. Market Drivers, Restraints, Trends, France Advantage, Key Economic Regions, Used Equipment Advantage, Used Equipment Start, Used Construction Equipment Price Supply Chain Analysis, Impact of Covid-19
5. Development of technology
5.1 Emergence of new technology
6. Competitive landscape
6.1. Overview of the competitive landscape
6.2. Major Vendors (Caterpillar – Volvo Construction Equipment – Komatsu – Hitachi Construction Machinery – Terek Corporation – Liebherr – Hyundai Construction Equipment – Jcb – Kobelco – Jlg – Xcmg – Sani – Ianmar – )
6.2.1. Other featured sellers
6.2.2. Auctioneer Profile
6.2.3. Distributors Profile
7. Quantitative summary
8. Summary of the report
8.1. Key insights
8.2. Abbreviations
8.3. Chart list
8.4. List of Tables
9. Scope and definition of the report
For more information on this report, visit https://www.researchandmarkets.com/r/mr76c2
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