Outlook on the Construction Equipment Polish Market to 2028 - Adoption of Automation Technology & Green Hydrogen Fuel Technology in the Industry
Dublin, Sept. 13, 2022 (GLOBE NEWSWIRE) -- The "Poland Construction Equipment Market - Strategic Assessment & Forecast 2022-2028" report has been added to ResearchAndMarkets.com's offering.
The Poland construction equipment market share by units is expected to reach 43,683 by 2028. Polish government investment in infrastructure development projects and European Union funding under the recovery & resilience program are some prominent factors that will drive the growth of Poland's construction equipment during the forecast period (2022-2028).
Key Highlights of the Market
The Earthmoving segment has the country's largest construction equipment market share. The excavators held the largest share in the earthmoving segment in 2021. The surge in civil engineering & housing projects in 2021 is expected to support the demand for excavators.
Growth in solar energy projects under the national plan of energy & climate is expected to positively impact the demand for mini excavators & cranes in the country market. Mini excavators have gained a good market share in Poland, challenging the dominance of backhoe loaders. Mini excavators are compact and operate in confined places in the urban part of cities across the country. The demand is expected to grow sharply due to various renovation projects of the residential and commercial buildings across the country.
A surge in housing projects in the country, and housing building permits increased by 8% in 2021. In 2021, residential construction grew strongly by 10% in Poland. In the public sector, tremendous growth is witnessed in health & education buildings. The increase in housing projects is expected to drive the demand for cranes, excavators & aerial platforms in the market.
Construction equipment rental companies account for Poland's major market share as the country has one of the largest construction markets in Europe. The rental companies are expected to have a higher demand than the non-rental companies.
In terms of end-users, the construction industry is expected to generate the highest demand. This is primarily due to the Poland Recovery & Resilience program, which is anticipated to dominate the Poland construction equipment market during the forecast period.
Some of the significant under-construction infrastructure projects include:
Expressway Borki Wielkie to Elk
Expressway Koszalin to Szczecinek
Warsaw Data Center Campus 48MW
Towarowa Residential Complex
Gustoryn to Wronow Gas Pipeline
Mokotow Residential Complex
Zamosc Residential Community
Adoption of Automation Technology & Green Hydrogen Fuel Technology in Construction Equipment
Poland is experiencing severe labor shortages in construction, manufacturing, and mining industries because of the COVID-19 outbreak. Because of the workforce shortage, new construction equipment with advanced technologies is highly demanded to improve worker efficiency and reduce labor dependency. Hitachi, for instance, has introduced wheel loaders and excavators with automation, smart operating technology, and the ConSite Hitachi Comprehensive Machine Management support system.
Companies are introducing green hydrogen fuel technology to replace conventional fuel-powered equipment. Demand for construction equipment equipped with green hydrogen fuel technology is expected to grow in the country as the Polish government aims to reduce fossil fuel dependency by 2030. Major OEMs in the country, such as Caterpillar, are developing construction equipment that has green hydrogen technology.
Government Initiatives
Growth in Infrastructure & Renewable Energy Projects In 2021
The Polish government increased infrastructure investment to improve economic activities to subdue the negative impact of COVID-19 on the economy. $44.6 billion investment was allocated for developing roads & railways across the country. In addition, the European Union granted $39 billion under Recovery & Resilience Plan (2021-2026). The funds were planned to direct the development of digital transformation & clean energy production.
The government invested $735 million in 2021 for various solar & wind energy projects across the country. The country witnessed an increase in the number of solar projects for achieving the target of 7.8GW of solar capacity by 2030 under the National Plan for Energy & Climate. Government initiatives such as auction schemes & incentives for rooftop installation of Solar cells are expected to drive the growth of the renewable energy industry in the country. By 2027, the government aims to increase offshore wind power generation capacity by 6 GW.
Vendor Landscape
Caterpillar, Volvo Construction Equipment, Liebherr, XCMG, JCB & Komatsu are the key market leaders accounting for 34.2% of the Poland construction equipment market share in 2021.
Caterpillar has two manufacturing units in Poland's Janow & Sosnowiec regions.
LiuGong has regional headquarters in Warsaw, Poland, and a manufacturing facility in Stalowa Wola, Poland.
Prominent vendors are Caterpillar, Volvo Construction Equipment, Liebherr, XCMG, JCB, Komatsu, Manitou, Hyundai Construction Equipment & CNH Industrial.
Other prominent vendors are Hitachi Construction Equipment, LiuGong, Fayat, Tur Poland, & Huss Mach.
Key Vendors
Caterpillar
Volvo Construction Equipment
Liebherr
XCMG
JCB
Komatsu
Manitou
Hyundai Construction Equipment
Wacker Neuson
CNH Industrial
Other Prominent Vendors
Hitachi Construction Equipment
LiuGong
Fayat
Tur Poland
Huss Mach
Distributors Profiles
Warynski Trade Sp. o.o.
M&M Polska
DENISON
Toolmex Truck
EWPA Sp. Z o. o.
Biuro Handlowe Ruda Sp. z o. o. Sp. k.
Key Questions Answered
1. What is the Growth Rate of Poland Construction Equipment Market?
2. How Big Will Be the Poland Construction Equipment Market Size by 2028?
3. Who Are the Key Players in the Poland Construction Machinery Market?
4. How Many Units of Construction Equipment Will Be Sold in 2028?
Key Topics Covered:
Section 1 - Introduction
Market Snapshot
Executive Summary
Section 2 - the Market Overview
Economic Scenario, Foreign Direct Investment
Section 3 - Poland Construction Equipment (Type & Application)
Poland Construction Equipment Market by Type (Volume & Value)
Earth Moving Equipment
Excavator
Backhoe Loader
Motor Grader
Other Earth Moving Equipment (Other Loaders, Bulldozer, Trencher, Etc.)
Material Handling Equipment
Crane
Forklift & Telescopic Handler
Aerial Platforms (Articulated Boom Lifts, Telescopic Boom Lifts, Scissor Lifts, Etc).
Road Construction Equipment
Road Roller
Asphalt Paver
Poland Construction Equipment Market by End-user (Volume & Value)
Construction
Mining
Manufacturing
Others (Power Generation, Utilities Municipal Corporations, Oil & Gas, Cargo Handling, Power Generation Plants, and Waste Management, Etc)
Section 4: Market Dynamics
Market Drivers, Restraints, Trends, Key Economic Regions in Brazil, Advantage Brazil, Fdi in Brazil, Import/Export Trend Analysis, Supply Chain, Covid-19 Impact
Section 5: Technology Development
Advent of New Technology
Section 6 - Competitive Landscape
Competitive Landscape Overview
Major Vendors (Caterpillar - Volvo Construction Equipment - Liebherr - Xcmg - Jcb - Komatsu - Hyundai Construction Equipment - Wacker Neuson - Manitou - Cnh Industrial - Hitachi Construction Machinery - Liugong - Fayat Group - Tur Poland - Huss Mach)
Other Prominent Vendors
Distributors Profile
Section 7-Quantitative Summary
Section 8 - Report Summary
Key Insights
Abbreviations
List of Graphs
List of Tables
Section 9 - Report Scope & Definition
Research Methodology
Market Definition, Inclusion & Exclusion
For more information about this report visit https://www.researchandmarkets.com/r/1vei99
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