Industry Statistics and Trends
Mining, Quarrying & Construction Machinery Manufacturing in Europe key trends
Rising funding for housebuilding drives the need for equipment.
The efforts by the private and public sectors to raise the supply of homes across Europe are driving residential construction output and construction machinery.
Production of greener machinery is key for manufacturers.
The heightened focus on hybrid and electric construction equipment is causing manufacturers to develop cleaner machinery as environmental laws get stricter.
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Mining, Quarrying & Construction Machinery Manufacturing in Europe
Industry Revenue
Total value and annual change from 2012-2030. Includes 5-year outlook.
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Mining, Quarrying & Construction Machinery Manufacturing in Europe market size (2020-2025)
Industry revenue has grown at a CAGR of 0.2 % over the past five years, to reach an estimated €60.2bn in 2025.
Trends and Insights
Construction activity falls as investment dries up
- Rising construction costs, geopolitical issues and interest rate hikes have deterred investment by construction contractors. The European Central Bank interest rate peaked at 4.75% in September 2023, up sharply from 2022, pointedly raising the cost of borrowing. As the cost of borrowing expanded, Eurostat reported a 2% drop in construction investment across the EU in 2024, causing a drop in new projects and demand for construction equipment to tumble.
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Mining, Quarrying & Construction Machinery Manufacturing in Europe outlook (2025-2030)
Market size is projected to grow over the next five years.
Funding for renewable energy soars, lifting sales
- The EU made energy self-sufficiency a top priority in 2023 in response to geopolitical instability caused by the ongoing Russia-Ukraine conflict. Through the REPowerEU plan, the EU announced funding in 2023 for a wave of renewable energy projects across the bloc in response to the global energy market disruption caused by the conflict. The funding comes from the EU's efforts to eliminate reliance on Russian energy after sanctions were imposed, boosting work on new construction projects across the bloc. Russian gas imports dropped from 45% to 19% in 2022 as shown by the European Commission, due to sanctions and the ban on importing from Russia.
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Revenue
€60.2bn
Employees
222k
Wages
€X.Xbn
European Leaders & Laggards
Top 5 Countries
- Iceland +30.7%
- Latvia +27.6%
- North Macedonia +15.1%
- Serbia +8.1%
- Cyprus 0.0%
Bottom 5 Countries
- Lithuania -43.3%
- Belgium -12.2%
- Bosnia & Herzegovina -11.9%
- Romania -4.0%
- Spain -3.8%
* CAGR values are for the years 2020-2025.
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Biggest companies in the Mining, Quarrying & Construction Machinery Manufacturing in Europe
| Company | Market Share (%)
2025 | Revenue (€m)
2025 | Profit (€m)
2025 | Profit Margin (%)
2025 |
|---|---|---|---|---|
Caterpillar Inc | 58,439.5 | 11,935.3 | 20.4 | |
Liebherr-International AG | 14,810.0 | 543.0 | 3.7 | |
Sandvig AB | 9,970.0 | 3,710.0 | 37.2 |
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Mining, Quarrying & Construction Machinery Manufacturing in Europe
Products & Services Segmentation
Industry revenue broken down by key product and services lines.
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Top Questions Answered in this Report
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What is the market size of the Mining, Quarrying & Construction Machinery Manufacturing industry in Europe in 2025?
The market size of the Mining, Quarrying & Construction Machinery Manufacturing industry in Europe is €60.2bn in 2025.
How many businesses are there in the Mining, Quarrying & Construction Machinery Manufacturing industry in Europe in 2025?
There are 4,716 businesses in the Mining, Quarrying & Construction Machinery Manufacturing industry in Europe, which has declined at a CAGR of 0.7 % between 2020 and 2025.
Has the Mining, Quarrying & Construction Machinery Manufacturing industry in Europe grown or declined over the past 5 years?
The market size of the Mining, Quarrying & Construction Machinery Manufacturing industry in Europe has been growing at a CAGR of 0.2 % between 2020 and 2025.
What is the forecast growth of the Mining, Quarrying & Construction Machinery Manufacturing industry in Europe over the next 5 years?
Over the next five years, the Mining, Quarrying & Construction Machinery Manufacturing industry in Europe is expected to grow.
What does the Mining, Quarrying & Construction Machinery Manufacturing industry in Europe include?
Mining machinery and Quarrying machinery are part of the Mining, Quarrying & Construction Machinery Manufacturing industry in Europe.
Which countries have the most businesses in the Mining, Quarrying & Construction Machinery Manufacturing industry in Europe?
The European country with the most businesses in the Mining, Quarrying & Construction Machinery Manufacturing industry is Turkey.
How competitive is the Mining, Quarrying & Construction Machinery Manufacturing industry in Europe?
The level of competition is moderate and increasing in the Mining, Quarrying & Construction Machinery Manufacturing industry in Europe.
Related Industries
This industry is covered in 37 countries
- Mining, Quarrying & Construction Machinery Manufacturing in Greece
- Mining, Quarrying & Construction Machinery Manufacturing in Italy
- Mining, Quarrying & Construction Machinery Manufacturing in Romania
- Mining, Quarrying & Construction Machinery Manufacturing in the UK
- Mining, Quarrying & Construction Machinery Manufacturing in Denmark
- Mining, Quarrying & Construction Machinery Manufacturing in Norway
- Mining, Quarrying & Construction Machinery Manufacturing in Germany
- Mining, Quarrying & Construction Machinery Manufacturing in Latvia
- Mining, Quarrying & Construction Machinery Manufacturing in Bosnia & Herzegovina
- Mining, Quarrying & Construction Machinery Manufacturing in the UK
- Mining, Quarrying & Construction Machinery Manufacturing in Germany
- Mining, Quarrying & Construction Machinery Manufacturing in Ireland
- Mining, Quarrying & Construction Machinery Manufacturing in Austria
- Mining, Quarrying & Construction Machinery Manufacturing in the Netherlands
- Mining, Quarrying & Construction Machinery Manufacturing in France
- Mining, Quarrying & Construction Machinery Manufacturing in Belgium
- Mining, Quarrying & Construction Machinery Manufacturing in Sweden
- Mining, Quarrying & Construction Machinery Manufacturing in Cyprus
- Mining, Quarrying & Construction Machinery Manufacturing in Lithuania
- Mining, Quarrying & Construction Machinery Manufacturing in Estonia
- Mining, Quarrying & Construction Machinery Manufacturing in Europe
- Mining, Quarrying & Construction Machinery Manufacturing in Luxembourg
- Mining, Quarrying & Construction Machinery Manufacturing in Russia
- Mining, Quarrying & Construction Machinery Manufacturing in Hungary
- Mining, Quarrying & Construction Machinery Manufacturing in Poland
- Mining, Quarrying & Construction Machinery Manufacturing in Slovakia
- Mining, Quarrying & Construction Machinery Manufacturing in Finland
- Mining, Quarrying & Construction Machinery Manufacturing in Croatia
- Mining, Quarrying & Construction Machinery Manufacturing in Slovenia
- Mining, Quarrying & Construction Machinery Manufacturing in Spain
- Mining, Quarrying & Construction Machinery Manufacturing in Czechia
- Mining, Quarrying & Construction Machinery Manufacturing in Portugal
- Mining, Quarrying & Construction Machinery Manufacturing in Turkey
- Mining, Quarrying & Construction Machinery Manufacturing in Ireland
- Mining, Quarrying & Construction Machinery Manufacturing in Bulgaria
- Mining, Quarrying & Construction Machinery Manufacturing in Serbia
- Mining, Quarrying & Construction Machinery Manufacturing in Iceland
Table of Contents
About this industry
Industry definition
Companies manufacture machinery and equipment that is used in construction, mining and quarrying sectors. These include hand tools like hammers, chisels, shovels, wrenches and pliers and powered equipment like excavators, bulldozers and concrete mixers.
Related Terms
ExcavatorsDrilling Rigs Earthmoving EquipmentWhat's included in this industry?
Mining machineryQuarrying machineryOil and gas equipment Construction machineryCompanies
Caterpillar IncLiebherr-International AGSandvig ABIndustry Code
2824 - Manufacture of machinery for mining, quarrying and construction in Europe
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Performance
Key Takeaways
Construction activity falls as investment dries up
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Revenue Highlights
Trends
- Revenue
- 2025 Revenue Growth
- Revenue Volatility
Employment Highlights
Trends
- Employees
- Employees per Business
- Revenue per Employee
Business Highlights
Trends
- Businesses
- Employees per Business
- Revenue per Business
Profit Highlights
Trends
- Total Profit
- Profit Margin
- Profit per Business
Current Performance
Charts
- Revenue in the Mining, Quarrying & Construction Machinery Manufacturing in Europe industry (2012 -2030)
- Employees in the Mining, Quarrying & Construction Machinery Manufacturing in Europe industry (2012 -2030)
- Business in the Mining, Quarrying & Construction Machinery Manufacturing in Europe industry (2012 -2030)
- Profit in the Mining, Quarrying & Construction Machinery Manufacturing in Europe industry (2012 -2030)
Analysis
What's driving current industry performance in the Mining, Quarrying & Construction Machinery Manufacturing in Europe industry?
Outlook
Analysis
What's driving the Mining, Quarrying & Construction Machinery Manufacturing in Europe industry outlook?
Volatility
Analysis
What influences volatility in the Mining, Quarrying & Construction Machinery Manufacturing in Europe industry?
Charts
- Industry Volatility vs. Revenue Growth Matrix
Life Cycle
Analysis
What determines the industry life cycle stage in the Mining, Quarrying & Construction Machinery Manufacturing in Europe industry?
Charts
- Industry Life Cycle Matrix
Products and Markets
Highlights
Trends
- Largest Market
- Product Innovation
Key Takeaways
Production of greener machinery drives innovation. Mining and construction equipment manufacturers are focusing on producing hybrid and electric equipment as environmental laws get stricter and construction companies worry about sustainability.
Products and Services
Charts
- Products and Services Segmentation
Analysis
How are the Mining, Quarrying & Construction Machinery Manufacturing in Europe industry's products and services performing?
Analysis
What are innovations in the Mining, Quarrying & Construction Machinery Manufacturing in Europe industry's products and services?
Major Markets
Charts
- Major Market Segmentation
Analysis
What influences demand in the Mining, Quarrying & Construction Machinery Manufacturing in Europe industry?
International Trade
Highlights
- Largest Importer
- Smallest Importer
- Total Imports into Europe
- Largest Exporter
- Smallest Exporter
- Total Exports into Europe
Heat maps
- Industry Concentration of Imports by Country
- Industry Concentration of Exports by Country
Data Tables
Value and annual change (%) included
- Number of Imports and Exports by European Country (2025)
Geographic Breakdown
Business Locations
Heat maps
- Share of Total Industry Revenue by Region (2025)
- Share of Total Industry Enterprises by Region (2025)
- Share of Total Industry Employment by Region (2025)
- Share of Total Industry Wages by Region (2025)
Industry Geographic Breakdown
Data Tables
Values and annual change provided for 37 European countries:
- Revenue (2025)
- IVA (2025)
- Enterprises (2025)
- Employment (2025)
- Exports (2025)
- Imports (2025)
Competitive Forces
Highlights
Trends
- Concentration
- Competition
- Barriers to Entry
- Substitutes
- Buyer Power
- Supplier Power
Key Takeaways
Construction machinery manufacturing is dominated by large multinationals. A large number of manufacturers are small, producing a few pieces of equipment. Large companies have higher market share because they produce more expensive heavy machinery and are vertically integrated.
Supply Chain
Charts
Buyer and supply industries
Companies
Market Share
Charts
- Industry Market Share by Company (2020-2025)
Companies
Data Tables
Top 10 companies by market share:
- Market share (2025)
- Revenue (2025)
- Profit (2025)
- Profit Margin (2025)
Data Tables
- Countries of operation for Caterpillar Inc
- Countries of operation for Liebherr-International AG
- Countries of operation for Sandvig AB
- Countries of operation for Robert Bosch Power Tools GmbH
- Countries of operation for Volvo AB
- Countries of operation for Stihl Holding AG & Co KG
- Countries of operation for Terex Corporation
- Countries of operation for JCB Service
- Countries of operation for Hitachi Construction Machinery (Europe) NV
- Countries of operation for Komatsu Europe International NV
External Environment
Highlights
Trends
- Regulation & Policy
- Assistance
Key Takeaways
Manufacturers must comply with safety regulations. The EU requires manufacturers to follow safety regulations like the new Machinery Regulation replacing the Machinery Directive before selling in the region.
External Drivers
Analysis
What demographic and macroeconomic factors impact the Mining, Quarrying & Construction Machinery Manufacturing in Europe industry?
Financial Benchmarks
Highlights
Trends
- Profit Margin
- Average Wage
- Largest Cost
Key Takeaways
Shortages in the supply chain led to an uptick in costs. Manufacturers of heavy equipment are passing on higher costs to customers due to the rising costs of sourcing metal parts for assembly. The need to pass on costs is key for profitability.
Cost Structure
Charts
- Share of Economy vs. Investment Matrix
-
Industry Cost Structure Benchmarks:
- Marketing
- Depreciation
- Profit
- Purchases
- Wages
- Rent
- Utilities
- Other
Analysis
What trends impact cost in the Mining, Quarrying & Construction Machinery Manufacturing in Europe industry?
Key Ratios
Data tables
- IVA/Revenue (2015-2030)
- Imports/Demand (2015-2030)
- Exports/Revenue (2015-2030)
- Revenue per Employee (2015-2030)
- Wages/Revenue (2015-2030)
- Employees per Establishment (2015-2030)
- Average Wage (2015-2030)
Country Benchmarks
European Leaders & Laggards
Data Tables
Top and bottom five countries listed for each:
- Revenue Growth (2025)
- Business Growth (2025)
- Job Growth (2025)
European Country Performance
Data Tables
Rankings available for 37 countries. Statistics ranked include:
- IVA/Revenue (2025)
- Imports/Demand (2025)
- Exports/Revenue (2025)
- Revenue per Employee (2025)
- Wages/Revenue (2025)
- Employees per Establishment (2025)
- Average Wage (2025)
Structural Comparison
Data Tables
Trends in 37 countries benchmarked against trends in Europe
- Concentration
- Competition
- Barriers to Entry
- Buyer Power
- Supplier Power
- Volatility
- Capital Intensity
- Innovation
- Life Cycle
Key Statistics
Industry Data
Data Tables
Including values and annual change:
- Revenue (2015-2030)
- IVA (2015-2030)
- Establishments (2015-2030)
- Enterprises (2015-2030)
- Employment (2015-2030)
- Exports (2015-2030)
- Imports (2015-2030)
- Wages (2015-2030)
Methodology
Where does IBISWorld source its data?
IBISWorld is a world-leading provider of business information, with reports on 5,000+ industries in Australia, New Zealand, North America, Europe and China. Our expert industry analysts start with official, verified and publicly available sources of data to build an accurate picture of each industry.
Each industry report incorporates data and research from government databases, industry-specific sources, industry contacts, and IBISWorld's proprietary database of statistics and analysis to provide balanced, independent and accurate insights.
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