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DUBLIN--(BUSINESS WIRE)--Dec 1, 2022--
The "France Used Construction Equipment Market - Strategic Assessment & Forecast 2022-2028" report has been added to ResearchAndMarkets.com's offering.
The France used construction equipment market was estimated at 17,588 units in 2021 and expected to reach 16,670 units by 2028, growing at a CAGR of 2.63%.
Rising government investment in the upgradation of public transport and infrastructure due to the upcoming Olympic 2024 is expected to drive the demand for used construction equipment. Government Investment in Infrastructure Projects & Supply Chain Disruptions of New Equipment Support Used Construction Equipment Market.
In 2020, the French government planned to invest more than USD 100 billion under the France Reliance 2030 program to overcome the negative impact of COVID-19. The investment was directed to developing green hydrogen fuel, improving mobility, and supporting the railway's sector & biodiversity.
In 2022, Government invested more than USD 3 billion in renovating residential and commercial buildings across the country. The housing sector witnessed sharp growth of ~14% in 2021 due to rising government investment.
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.
There is a rise in investment in the development of the renewable energy sector. USD 1 billion funds are allocated for developing nuclear power plants, followed by USD 1.9 billion for green hydrogen. The investments are made for producing electric vehicles (USD 4 billion) and hybrid vehicles (USD 2.5 billion) in 2022. In addition to it, USD 1 billion investment is made for developing 40 GW of offshore wind farms in 2022.
Used Equipment Market Benefited by Government Investment in Housing Renovation Projects
Infrastructure & Public Transit Projects Increases Used Construction Equipment Utilization
Strict Government norms for Controlling Carbon Emission Is Expected to Hamper the Sales of Used Construction Equipment
Growing Rental Market Impact Used Construction Demand
Surge In Demand for Demolition Excavators
Key Questions Answered:
1. What is the expected size of France's used construction equipment market by 2028?
2. What is the expected number of Used construction equipment to be sold in France by 2028?
3. Who are the key players in France's used construction equipment market?
4. What is the growth rate of France's used construction equipment market?
Market Segmentation:
Earthmoving Equipment:
Road Construction Equipment
Material Handling Equipment
End Users
Key Vendors
Other Prominent Vendors
For more information about this report visit https://www.researchandmarkets.com/r/l5usfv
View source version on businesswire.com:https://www.businesswire.com/news/home/20221201005804/en/
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KEYWORD: FRANCE EUROPE
INDUSTRY KEYWORD: ARCHITECTURE RESIDENTIAL BUILDING & REAL ESTATE MANUFACTURING COMMERCIAL BUILDING & REAL ESTATE CONSTRUCTION & PROPERTY MACHINERY
SOURCE: Research and Markets
Copyright Business Wire 2022.
PUB: 12/01/2022 10:49 AM/DISC: 12/01/2022 10:49 AM
http://www.businesswire.com/news/home/20221201005804/en