United Kingdom Construction Equipment Market Overview, 2029

The United Kingdom's growing economy places a strong emphasis on the construction equipment business, which is a crucial industry that propels the construction of new infrastructure and fosters economic expansion. The UK construction sector is renowned for its extensive architectural history, cutting-edge building methods, and dedication to sustainability. It perfectly combines tradition, modernity, and environmental responsibility. The construction equipment market in the United Kingdom, which is distinguished by its wide range of projects, spans a number of industries, including civil engineering, residential, commercial, and industrial. The UK construction industry meets the changing needs of a modern society and the requirements of an increasingly interconnected globe through iconic landmarks, historic renovations, cutting-edge transport networks and energy-efficient buildings. The UK construction equipment market operates in a highly regulated environment that ensures adherence to safety laws and industry standards. Regulators, advocates of best practises, and enforcers of industry compliance include organisations like the Health and Safety Executive (HSE) and the Construction Equipment Association (CEA). Construction equipment sold in the UK market is warranted for quality, performance, and safety by certifications like the CE marking and conformity to European and British safety regulations.

According to the report, “United Kingdom Construction Equipment Market Overview, 2029,” published by Bonafide Research, the market is anticipated to witness prominent market growth during the upcoming timeframe. The government's emphasis on urban renewal and infrastructure spending is one of the major factors driving the UK construction equipment market. Across the nation, major investments have been made in housing, transportation, energy, and sustainable infrastructure projects as a result of ambitious programmes including the National Infrastructure Strategy, the Building Better, Building Beautiful Commission, and the Clean Growth Strategy. Due to these activities, there is now a healthy pipeline of construction projects, which is driving up demand for construction equipment and boosting market expansion. One of the key elements influencing the UK construction equipment market is the government's emphasis on infrastructure spending and urban regeneration. The National Infrastructure Strategy, the Building Better, Building Beautiful Commission, and the Clean Growth Strategy, among other ambitious programmes, have resulted in significant investments being made across the country in housing, transportation, energy, and sustainable infrastructure projects. These actions have resulted in a solid pipeline of construction projects, which is promoting market growth and raising demand for construction equipment.

The UK's market for construction equipment benefits from a highly skilled labour force and a reliable supply chain of producers, suppliers, and rental businesses. Architects, engineers, and craftsmen with the knowledge to complete complicated construction projects to the highest standards are produced by the nation's famous technical institutes and vocational training programmes. Domestic equipment producers like JCB, Caterpillar UK, and Terex Corporation have made a significant impact on the market, and international producers like Hitachi Construction Machinery and Volvo Construction Equipment also make a difference by offering a wide variety of construction equipment and solutions. Among these types, earth moving machinery is anticipated to acquire higher market growth during the forecast period. Excavators, loaders, dozers, and motor graders are considered part of the earth-moving machinery segment. Among them, excavators and loaders are leading the market in 2023. Further, dumpers, cranes, telescopic handlers, and forklifts are considered part of material handling machinery.

COVID-19 Impacts:
The United Kingdom construction equipment market was hit hardest in the first three quarters of 2020 due to the significant spread of COVID-19. Governments across the country accepted strict safety measures, including lockdown, to contain the virus. This lockdown resulted in the temporary suspension of construction activities, the shutdown of construction equipment manufacturing facilities, and disturbances in imports and exports. However, changes in consumer preference and increasing industrialization across the country are anticipated to propel higher market growth during the forecast period.

Considered In the Report
• Geography: United Kingdom
• Base year: 2023
• Historical year: 2018
• Estimated year: 2024
• Forecasted year: 2029



Aspects Covered In the Report
• Market Size by Value for the historic time period (2018-2023)
• Market Size by Value for the forecast time period (2023-2029)
• Market Share by Application (2018, 2023 & 2029F)
• Market Share by Equipment (2018, 2023 & 2029F)

Segments covered in the Report
By Application
• Earth Moving Machinery
• Material Handling Machinery
• Concrete and road construction Machinery
• Other Machinery

By Earth Moving Machinery
• Excavators
• Loaders
• Dozers
• Motor Graders

By Material Handling Machinery
• Dumper /Dump Truck/ Tippers
• Cranes (Tower Crane, Mobile Crane)
• Telescopic Handlers
• Forklift

By Concrete and Road Construction Machinery
• Cement/Transit mixers
• Compactors & Road Rollers
• Pavers/Asphalt Finishers
• Others

The approach of the report:
We keep an eye on evolving markets and try to evaluate the potential of the products and services. If we find the market interesting, we start working on it and create the desired table of content, considering all aspects of the business. We start by creating separate questionnaires for C-level executives, national/regional sales personnel, company owners, dealers, distributors, and end-users. Once the questionnaires have been finalized, we start collecting the primary data (mostly through phone calls) and try to understand the market dynamics regionally or tier-wise. This process gives us in-depth details of the market, including all present companies, the top-performing products with reasons why they dominate; we get the details of new players and their innovative approaches; market trends; dynamics; and all the small details of the market. After the collection of primary inputs, we then cross-check the same with secondary sources that include associations, trade journals, annual reports, paid databases, newspapers, magazines, press releases, government sources, etc. From this, we get a rough estimate of the market and start checking existing product price variants, trade, production, raw material scenarios, policies and regulatory landscape, etc. Then, to finalize the market, we start collecting financials of each player present in the market, including limited, private limited, and LLPs. Moreover, we perform cross-industry and cross-region analysis of the product, and based on collected primary inputs and using statistical modelling, we start forecasting the market. We follow our forecasting algorithm, which is unique for each product but gives more weight age to primary inputs. At the same time, the content team starts preparing company profiles, market dynamics, market trends, five forces, PEST analysis, etc. Once the data is verified by the data expert, the team (primary team, content team, and data team) together crosscheck the segmentations; validate the market, and then the designing team starts plotting the graphs. Once the file is ready, the content team completes the report and makes sure that all the discussed points have been covered and provides their valuable inputs in the form of strategic recommendations for new as well as existing players. The QC team then checks the overall report that includes spell check, data verification, and makes the same dispatch ready and error-free.

Intended Audience
This report can be useful to industry consultants, manufacturers, suppliers, associations & organizations related to the construction machinery and excavator industry, government bodies, and other stakeholders to align their market-centric strategies. In addition to marketing & presentations, it will also increase competitive knowledge about the industry.
?