Sweden Construction Equipment Market to Witness Sale of 35K Units by 2028. The Market to be Worth $1.9 Billion

Chicago, June 24, 2022 (GLOBE NEWSWIRE) — Based mostly on Arizton’s latest evaluation report, the Sweden enchancment market rising at a CAGR of 4.38% from 2022 to 2027. Funding in transport & infrastructure, a surge in demand for minperiodls, and the investment in wind power period tasks by The fedperiodl authorities To Wind up to be a internet-zero carbon financial system are The primary drivers Inside the Sweden enchancment gear market.

Sweden Construction Equipment Market Report Scope

Report Attributes Particulars MARKET Measurement (2028) $1.9 Billion MARKET Measurement (2021) $1.4 Billion CAGR (2022-2028) 4.38%   MARKET Measurement- Quantity (2028) 35,023 mannequins HISTORIC Yr 2019-2020 BASE Yr 2021   FORECAST Yr 2022-2028 Type Earthmoving Equipment, Road Construction Equipment, and Supplies Dealing with Equipment END-Clients Construction, Manufacturing, Mining, and Completely differents KEY Distributors Volvo Construction Equipment, Caterpillar, Hitachi Construction Equipment, Komatsu, Liebherr, Kubota, JCB, Hyundai Construction Equipment, and Kobelco

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Key Highlights

• The Swedish financial system has made A strong restoration from a 2.9% contraction in 2020 to a progress of 4.8% in 2021. Based mostly on the Swedish authorities, the financial system Is predicted to develop by 3.1% in 2022.
• In 2021, the Swedish authorities’s nationwide transport enchancment plan allotted $86.9 billion of funds for 12 years. The plan additionally consists of investments of $71.2 billion For mannequin spanking new enchancment, refurbishment, and modernization of current infrastructure. The authorities additionally deliberate to triple the mining output by 2025.
• In 2021, Government has eased overseas investment norms in enchancment, transport, and renewable power sectors. Sweden has A strong and worthwhile manufacturing/industrial engineering sector that accounts for roughly 20% of the nation’s GDP. Providers & manufacturing industries accounted for Greater than 50% of FDI inflow in 2021.
• In Sweden primary infrastructure tasks Similar to Stockholm Arlanda Airport ($200 million), North Bothnia rail line ($ 2.9 billion), the double monitor between Angelholm & Helsingborg area ($200 million), Olskroken Enterprise ($ 400 million), Onshore Wind Farm Markbygden Vind AB, Stockholm Bypass Enterprise ($ 3.7 billion), & Motorway enchancment road between intersection Ronneby East & Nattraby are beneath progress in 2022.
• In 2021, beneath the transport enchancment plan authorities proposed To take care of, increase, and develop the Swedish transport infrastructure over The subsequent twelve years with an investment of $89.6 billion. Based mostly on Rental Agency DKLBC (Danderyd-Kedjan Lastbilcentalen) CEO Per Geber The enchancment gear rental enterprise is rising by ~40% in Sweden.
• In 2021, Sweden aimed To current 100% of Electricity manufacturing by renewable power assets by 2040. Wind power performance of Sweden was 12.8GW in 2020, and the wind power period sector’s performance grew by 2.7 GW in 2021 after the addition Of latest wind power period crops. The authorities goals for 17GW of accrued put in wind power by 2024.
• Volvo Construction Equipment, Caterpillar, Hitachi Construction Equipment, Komatsu, Liebherr, Kubota, JCB, Hyundai Construction Equipment, & Kobelco are excellent vfinishors accounted for A critical share in Sweden enchancment gear market. Completely different excellent vfinishors are Liu Gong, Yanmar, Case Construction Equipment & Terex Company.
• Volvo Construction Equipment, Caterpillar, Kubota, Komatsu & Liebherr are market leaders which accounted for almost ~54% of The genperiodl enchancment gear market share in 2021.

Market Segmentation

Type

• Earthmoving Equipment:
  • Excavator
  • Backhoe Loaders
  • Motor Graders
  • Completely different Earthmoving Equipment (Completely different loaders, Bulldozers, Trenchers)
• Road Construction Equipment
  • Road Rollers
  • Asphalt Pavers
• Supplies Dealing with Equipment
  • Crane
  • Forklift & Telescopic Handlers
  • Aerial Platforms (Articulated Growth Lifts, Telescopic Growth lifts, Scissor lifts)

End Users

• Construction
• Manufacturing
• Mining
• Completely differents

Supplies handling gear is Utilized in enchancment, manufacturing, cargo handling, and mining industries. The rise in urbanization collectively with The enchancment of airports, metro spractices, roads, and extremeways Is predicted to assist the extreme demand for material handling gear. Fundings in infrastructure, manufacturing, and cargo handling industries in Sweden had witnessed progress in 2021. Equally, The enlargement in manufacturing and cargo handling industries Is predicted To Increase The material handling market in Sweden. Supplies Dealing with accounted for 84.5% of the Sweden road enchancment gear market in 2021.

Key Vfinishors

• Volvo Construction Equipment
• Caterpillar
• Hitachi Construction Equipment
• Komatsu
• Liebherr
• Kubota
• JCB
• Hyundai Construction Equipment
• Kobelco

Completely different Prominent Vfinishors

• Terex corporation
• LIUGONG
• Yanmar manufactures
• CASE Construction Equipment

Distributors Profiles

• ABL Construction Equipment
• SMT
• HAULOTTE SCANDINAVIA
• Sandvik
• CRAMO
• RF-System AB

Discover our industrial machinery profile to know extra Regarding the enterprise.

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