DUBLIN, Jan. 9, 2023 /PRNewswire/ — The “Poland Used Construction Equipment Market- Strategic Assessment & Forecast 2022-2028” report has been added to ResearchAndMarkets.com’s offering.
A surge in government investment in infrastructure development Under National Recovery Plan is expected to drive demand for used Construction Equipment in Poland. The expected number of used construction equipment units sold by 2028 in the market is 25,885.
The country has started infrastructure upgradation projects such as redeveloping roadways under the Road safety program. Further, the upgradation of railway stations & airports is expected to drive demand for used construction equipment in Poland. The government’s focus on increasing renewable energy capacity by 2030 under Energy Policy 2040 drives demand for material handling equipment.
Poland witnessed a surge in warehouse space across the country in 2021. The country’s E-commerce and logistics industry growth triggers the demand for large warehouse spaces in major cities such as Warsaw, Poznan & Upper Silesia. Growth in the logistics & E-commerce industry is expected to positively impact the demand for used forklifts & telescopic handlers in Poland’s used construction equipment market.
The Earthmoving segment has the largest share in Poland used construction equipment market. Excavators held the largest share in the earthmoving segment in 2021.
The demand for compact equipment such as mini excavators and mini loaders is gaining market share in the country. Small & medium contractors prefer to buy used compact equipment for digging, stone piling, and handling medium size loads at construction sites. Poland is facing the challenge of rising labor costs, so contractors prefer to buy these machines to reduce dependency on construction laborers.
European Union Funded Polish National Recovery Plan aims to promote economic activities and focus on green energy mobility. The fund is allocated to achieve different objectives such as Resilience & Competitive economy (13%), Green mobility (21%), Efficient healthcare system (12%), Digital Transformation (14%), & Green energy (40%).
Supply of used construction equipment was hampered during COVID-19 as Poland imports nearly 80% of used construction equipment from Germany, Netherlands & other European Countries. Used construction equipment demand is expected to remain steady in Poland used construction equipment market due to the rise in public infrastructure projects in 2022.
The rise in construction material and labor costs is a significant challenge in Poland. According to the Polish Association of Construction industry, construction materials such as iron, steel, cement, and concrete prices will increase by 22% by 2021.
MARKET TRENDS & DRIVERS
Government Investment In The Development Of Transport Infrastructure & European Union Recovery Resilience Plan
The surge in infrastructure investment under the Nation Recovery Plan is expected to drive economic recovery. In 2021, the European Union granted USD 24.9 billion under its Recovery & Resilience Program. Additionally, in 2021, the Polish government unveiled its plans to invest USD 44.6 billion in the development of roads and railways.
There has been a considerable rise in investment in the country’s renewable energy sector, as indicated by a grant of USD 735 million for solar & wind projects. Also, the government planned to invest USD 3 billion under National Railways Program. Thus, the growth of transport infrastructure & renewable energy sectors is expected to propel the demand for earthmoving equipment, such as excavators & loaders in Poland used construction equipment market.
Infrastructure & Public Transit Projects Increases Used Construction Equipment Utilization
In 2022, the Polish government doubled the investment in the railway’s development plan. Nearly USD 2.1 billion will be allocated for constructing 1,200 kilometers of railway lines across Poland in 2022. The government also planned to invest USD 75 billion under National Railways Program in 2021; this program is focused on developing 230 infrastructure projects in railways sectors and the upgradation of 8,999 kilometers of railways lines.
The railway’s development projects are dedicated to modernizing southern Poland’s Chorzow-Zdunska Wola region and linking seaports in the Gdansk, Swinoujscie, & Gdynia region of the country. Such railway development projects will boost Poland used construction equipment market growth.
Rising Coal Mining Activities Are Expected To Drive Demand for Large Used Construction Equipment
In 2022, the Polish government planned to increase coal production at the nation’s coal mines to manage the soaring energy prices and reduce the dependency on Russian energy sources. Poland’s coal mining companies benefited from the government’s focus on supporting coal mining. According to Industrial Development Agency, the mining sector’s revenue went up to USD 5.5 billion in June 2022 compared to USD 2.7 billion in June 2021.
Growing Cycle Pathways Construction Projects Triggers Demand for Used Road Rollers
The Polish government promotes cycling to reduce carbon emissions in the transportation industry. In 2021, the government invested USD 337 million and USD 66.7 million for the construction of bicycle pathways in the Podkarpackie & Weikhopolskie regions of the country. In 2022, the government planned constructing 120km of cycle pathways in 11 regions.
Rising Raw Material & Labour Costs Restrict the Demand for Used Construction Equipment
The Polish construction industry is adversely impacted by a shortage of raw materials and rising labor & energy prices in 2022. Labour shortage is one of the significant issues in the industry, and nearly 40% of construction companies’ operations are hampered due to a labor supply shortage.
One of the significant reasons behind the depletion of labor in the market is the ongoing Russia & Ukraine War in 2022. According to Polish government data, nearly 400,000 foreign labor workers in the industry, of the majority of ~80%, come from Ukraine.
Declining Poland Housing Market Can Impact Used Construction Equipment Market
The Polish housing industry witnessed a sharp decline in 2022, and the sector is adversely impacted by rising building material prices and a rising number of immigrants from Ukraine.
Further, a sharp rise in the inflation rate impacting consumers buying capacity resulted in a 21% decline in building permits in Jan 2022 compared to Jan 2022. According to Poland Statistics data, housing project prices rose by 9.3% in 2022 compared to the previous year, 2021. Housing sales severely declined by 53% in Q2 2022.
Excavators & Backhoe loaders under the earthmoving category of Caterpillar, Volvo Construction & JCB equipment have the strongest market share in Poland used construction equipment market.
Yanmar & TUR Poland are niche players in the Polish market; they only offer excavators & loaders.
Hitachi Construction Machinery & Hyundai Construction Equipment focus more on developing zero carbon emission equipment for European markets. In 2022, Hitachi Construction Machinery launches its first zero emission 5-ton battery-powered excavator in the European market.
Volvo Construction Equipment
Hitachi Construction Machinery
Hyundai Construction Machinery
Other Prominent Vendors
Angermann machinery & equipment GmbH & co.
Bellator Sp. Z.o.o
Warynski Trade Sp. z o.o.
Key Topics Covered:
1.1. Market Snapshot
1.2. Executive Summary
2. The Market Overview
2.1. Economic Scenario, Major Infrastructure Projects
3. Poland Used Construction Equipment (Type & Application)
3.1. Poland Used Construction Equipment Market by Type (Volume & Value)
3.1.1. Earth Moving Equipment
188.8.131.52. Backhoe Loader
184.108.40.206. Motor Grader
220.127.116.11. Other Earth Moving Equipment (Other Loaders, Bulldozer, Trencher, Etc.)
3.1.2. Material Handling Equipment
18.104.22.168. Forklift and Telescopic Handler
22.214.171.124. Aerial Platform (Articulated Boom Lifts, Telescopic Boom Lifts, Scissor Lifts, Etc)
3.1.3. Road Construction Equipment
126.96.36.199. Road Roller
188.8.131.52. Asphalt Paver
3.2. Poland Used Construction Equipment Market by Application (Volume & Value)
3.2.4. Others (Power Generation, Utilities Municipal Corporations, Oil & Gas, Cargo Handling, Power Generation Plants, Waste Management, Etc)
4. Market Dynamics
4.1. Market Drivers, Restraints, Trends, Advantage Poland, Key Economic Regions, Advantage of Used Equipment, Inception of Used Equipment, Pricing of Used Construction Equipment Supply Chain Analysis, Covid-19 Impact
5. Technology Development
5.1. Advent of New Technology
6. Competitive Landscape
6.1. Competitive Landscape Overview
6.2. Major Vendors (Caterpillar – Volvo Construction Equipment – Komatsu – Hitachi Construction Machinery – Manitou – Liebherr – Hyundai Construction Equipment – Jcb – Kobelco – Tur Poland – Xcmg – Liu Gong – Yanmar)
6.3. Other Prominent Vendors
6.4. Auctioneer Profile
6.5. Distributors Profile
7. Quantitative Summary
8. Report Summary
8.1. Key Insights
8.3. List of Graphs
8.4. List of Tables
9. Report Scope & Definition
For more information about this report visit https://www.researchandmarkets.com/r/8je85e
ResearchAndMarkets.com is the world’s leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.
Research and Markets
Laura Wood, Senior Manager
For E.S.T Office Hours Call +1-917-300-0470
For U.S./CAN Toll Free Call +1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
U.S. Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716
View original content:https://www.prnewswire.com/news-releases/poland-used-construction-equipment-market-report-2022-2028-industry-to-benefit-from-government-investments-in-the-development-of-transport-infrastructure–european-union-recovery-resilience-plan-301716327.html
SOURCE Research and Markets
Crypto markets regained the $1 trillion capitalization mark for the first time since November.
United Microelectronics (NYSE: UMC), Taiwan's second-largest contract chipmaker and the world's third-largest foundry, doesn't attract nearly as much attention as the market leader Taiwan Semiconductor Manufacturing (NYSE: TSM). TSMC and UMC are both based in Hsinchu, Taiwan, but the former generated more than seven times as much revenue as the latter last year. Back in 1980, Taiwan's government-backed Industrial Technology Research Institute (ITRI) spun out UMC as the country's first semiconductor company.
(Bloomberg) — Most Read from BloombergPfizer Bivalent Vaccine Linked to Strokes in Preliminary DataThe Apartment Market Is About to Get UglyAt Least 68 Dead as Nepal Plane Crashes Seconds Before LandingThis Isn’t Your Mom and Dad’s Recession, Says BofA’s SubramanianHuge Sanctions Are Looming for the Fuel That Powers the WorldAn unprecedented chunk of the global diesel market, the workhorse fuel of the global economy, is just weeks away from being subject to aggressive sanctions. From Feb. 5, th
BERLIN (Reuters) -Volkswagen wants to expand both its higher-end and lower-end offering in the Chinese market, China chief Ralf Brandstaetter said on Monday, calling the country's high-paced, competitive market a "giant fitness centre for the industry". Volkswagen has long dominated the combustion engine car market in China, but lags domestic competitors on electric vehicles (EVs) – most notably BYD, which sold 40,046 EVs between Jan. 1-8 compared to Volkswagen passenger brand's 1,962, according to Chinese brokerage CMBI. "We don't want to give up this competition – we want to participate," Brandstaetter said at a media roundtable.
Subway has been owned by its two founding families for more than five decades.
Many retirees plan to earn extra income to supplement their retirement spending. But how much can a retired person earn without paying taxes? The answer to this question varies based on your situation. Understanding the tax rules surrounding retiree income can … Continue reading → The post How Much Can a Retired Person Earn Without Paying Taxes? appeared first on SmartAsset Blog.
(Bloomberg) — India bought a record amount of Russian oil last month, with the country importing a whopping 33 times more than a year earlier. Most Read from BloombergPfizer Bivalent Vaccine Linked to Strokes in Preliminary DataThe Apartment Market Is About to Get UglyAt Least 68 Dead as Nepal Plane Crashes Seconds Before LandingThis Isn’t Your Mom and Dad’s Recession, Says BofA’s SubramanianHuge Sanctions Are Looming for the Fuel That Powers the WorldThe world’s third-biggest crude importer pu
The cable and internet giant's Xfinity brand has a deal that looks a lot like it's upstart rival but you need to look closer.
Natural gas prices in Europe have slumped to a 16-month low as full stockpiles in China forced buyers to send supplies to the continent.
(Bloomberg) — Toyota Motor Corp. expects vehicle production to exceed pre-pandemic levels, forecasting output of as many as 10.6 million vehicles during 2023 while warning that final shipments could be 10% lower if it is unable to procure enough parts, especially semiconductors. Most Read from BloombergPfizer Bivalent Vaccine Linked to Strokes in Preliminary DataThe Apartment Market Is About to Get UglyAt Least 68 Dead as Nepal Plane Crashes Seconds Before LandingThis Isn’t Your Mom and Dad’s R
Inflation is still high, meaning workers have every reason — and every opportunity — to act now.
(Bloomberg) — An Australia-based startup is planning a A$300 million ($210 million) factory to build lithium-ion batteries free of materials from China, as automakers to utilities seek alternatives to the industry’s dominant producer.Most Read from BloombergPfizer Bivalent Vaccine Linked to Strokes in Preliminary DataThe Apartment Market Is About to Get UglyAt Least 68 Dead as Nepal Plane Crashes Seconds Before LandingThis Isn’t Your Mom and Dad’s Recession, Says BofA’s SubramanianHuge Sanction
In this week's video, I cover everything you need to know about Tesla (NASDAQ: TSLA)-related news during the week of Jan. 9. The topic of this week is price cuts and how they will affect Tesla and its competitors.
(Bloomberg) — With job cuts mounting across tech, finance and other industries, why wait to get fired when you can skip directly to being hired?Most Read from BloombergPfizer Bivalent Vaccine Linked to Strokes in Preliminary DataThe Apartment Market Is About to Get UglyAt Least 68 Dead as Nepal Plane Crashes Seconds Before LandingThis Isn’t Your Mom and Dad’s Recession, Says BofA’s SubramanianHuge Sanctions Are Looming for the Fuel That Powers the WorldThe move, called “career cushioning,” invo
LONDON (Reuters) -Iranian oil exports hit new highs in the last two months of 2022 and are making a strong start to 2023 despite U.S. sanctions, according to companies that track the flows, on higher shipments to China and Venezuela. Tehran's oil exports have been limited since former U.S. President Donald Trump in 2018 exited a 2015 nuclear accord and reimposed sanctions aimed at curbing oil exports and the associated revenue to Iran's government. Exports have risen during the term of his successor President Joe Biden, who had sought to revive the nuclear deal, and hit the highest since 2019 on some estimates.
Mortgage origination is one of the most cyclical businesses out there. Businesses in this sector need to be ready for that cyclicality or they need to consider not participating. Wells Fargo (NYSE: WFC) recently announced it will drastically shrink its mortgage banking business.
In this article, we will discuss the 15 largest plastic manufacturing companies in the world. If you want to skip our analysis of the plastic industry, you can go directly to 5 Largest Plastic Manufacturing Companies in the World. The plastic manufacturing industry produces a variety of plastic products for a range of different uses, […]
Nudged by private equity funds, those supplying the booming luxury goods industry are now finding strength in unity. With its tradition of sophisticated craftsmanship, Italy is home to thousands of small manufacturers that cover 50-55% of the global production of luxury clothing and leather goods, consultancy Bain calculates, against 20-25% for the rest of Europe. To address luxury shoppers' growing sustainability concerns while also securing timely deliveries, brands are looking to establish close ties with suppliers, who in turn require hefty investments to track where they source materials and build an adequate digital backbone.
(Bloomberg) — Union Pacific Corp. and poultry producer Foster Farms said enough corn shipments have been made to replenish feed stocks after delayed trains in recent months caused inventories to drop to critical levels. Millions of chickens at Foster Farms facilities were at risk of going unfed because of the rail delays.Most Read from BloombergPfizer Bivalent Vaccine Linked to Strokes in Preliminary DataThe Apartment Market Is About to Get UglyAt Least 68 Dead as Nepal Plane Crashes Seconds Be
(Bloomberg) — Electric-vehicle makers are hoping that an imminent wave of lithium supply will bring relief for their expansion plans after a two-year squeeze, but the battery metal’s die-hard bulls warn of more pain to come if producers fail to deliver.Most Read from BloombergPfizer Bivalent Vaccine Linked to Strokes in Preliminary DataThe Apartment Market Is About to Get UglyAt Least 68 Dead as Nepal Plane Crashes Seconds Before LandingThis Isn’t Your Mom and Dad’s Recession, Says BofA’s Subra