Market Forecast By Type (Earthmoving Equipment, Road Construction Equipment, Material Handling Equipment), By Application (Construction, Manufacturing, Mining, Others) And Competitive Landscape
Product Code: ETC7210043 | Publication Date: Sep 2024 | Updated Date: Feb 2025 | Product Type: Market Research Report | |
Publisher: 6Wresearch | No. of Pages: 63 | No. of Figures: 14 | No. of Tables: 5 | |
Finland Used Construction Equipment Market Report thoroughly covers the market by type and by end-user. Finland Used Construction Equipment Market Outlook report provides an unbiased and detailed analysis of the ongoing Finland Used Construction Equipment Market trends, opportunities/high growth areas, and market drivers. This would help stakeholders devise and align their market strategies according to the current and future market dynamics.
The used construction equipment market in Finland has shown decent growth, driven by the demand for cost-effective solutions, increased construction activities in residential and infrastructure sectors, and the need to optimize budgets. The Russia-Ukraine conflict in 2022 disrupted trade routes and created geopolitical challenges, limiting the availability of new construction equipment. As a result, construction firms increasingly opted for used equipment, leading to a noticeable rise in demand during 2023 and 2024. Furthermore, the allocation of USD 4.76 million under the Connecting Europe Facility (CEF) for planning four major road projects is expected to further boost the demand for used construction equipment.
According to 6Wresearch, the Finland Used Construction Equipment Market Size is anticipated to grow at a CAGR of 2.8% during 2025-2031. The completion of the Helsinki Airport terminal expansion in 2023, adding 103,000 square meters, and the ongoing construction of the 30,500-square-meter Bulevardikortteli block comprising 300 apartments, office spaces, and commercial premises, set for completion in 2025 with the final phase including a 20-story high-rise, have driven significant demand for cost-effective, reliable construction equipment. Contractors are increasingly turning to high-quality used machinery, such as cranes, excavators, and loaders, to optimize costs while maintaining efficiency. Similarly, the $33.6 million Vuosaari Harbour development by the Port of Helsinki highlights the need for diverse equipment, including earthmoving and specialized harbor tools. These large-scale projects are key drivers of growth in Finland's used construction equipment market, reflecting a shift toward sustainable and economical solutions.
Earthmoving equipment is expected to maintain the highest market share in Finland, driven by a projected €6.3 billion revenue in mining and construction machinery by 2028, alongside increasing urban infrastructure projects demanding efficient excavation and material handling solutions.
By End Use, the construction sector is expected to continue capturing the highest volume share due to major upcoming projects like the €2.8 billion rail and road improvements under the National Transport System program, significantly driving machinery demand.
The report provides a detailed analysis of the following market segments:
1. Executive Summary |
2. Introduction |
2.1 Report Description |
2.2 Key Highlights of The Report |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3. Finland Used Construction Equipment Market Overview |
3.1 Finland Used Construction Equipment Market Volume, 2021-2031F |
3.2 Finland Used Construction Equipment Market - Industry Life Cycle |
3.3 Finland Used Construction Equipment Market Porter's Five Force Model |
4. Finland Used Construction Equipment Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraint |
5. Finland Used Construction Equipment Market Trends & Evolution |
6. Finland Used Construction Equipment Market Overview, By Types |
6.1 Finland Used Construction Equipment Market Volume Share & Volume, By Types, 2024-2031F |
6.1.1 Finland Used Construction Equipment Market Volume, By Earth Moving Equipment, 2021-2031F |
6.1.2 Finland Used Construction Equipment Market Volume, By Road Construction Equipment, 2021-2031F |
6.1.3 Finland Used Construction Equipment Market Volume, By Material Handling Equipment, 2021-2031F |
7. Finland Used Construction Equipment Market Overview, By End Use |
7.1 Finland Used Construction Equipment Market Volume Share & Volume, End Use, 2024-2031F |
7.1.1 Finland Used Construction Equipment Market Volume, By Manufacturing, 2021-2031F |
7.1.2 Finland Used Construction Equipment Market Volume, By Construction, 2021-2031F |
7.1.3 Finland Used Construction Equipment Market Volume, By Mining, 2021-2031F |
7.1.4 Finland Used Construction Equipment Market Volume, By Others, 2021-2031F |
8. Finland Used Construction Equipment Market Key Performance Indicators |
9. Finland Used Construction Equipment Market Opportunity Assessment |
9.1 Finland Used Construction Equipment Market Opportunity Assessment, By Types, 2031F |
9.1 Finland Used Construction Equipment Market Opportunity Assessment, By End Use, 2031F |
10. Finland Used Construction Equipment Market Competitive Landscape |
10.1 Finland Used Construction Equipment Market Revenue Share, By Top 3 Companies, 2024 |
10.2 Finland Used Construction Equipment Market Competitive Benchmarking, By Operating Parameters |
11. Company Profile |
11.1 Liebherr Group |
11.2 Caterpillar Inc. |
11.3 Hitachi Construction Machinery Co., Ltd. |
11.4 Probst GmbH |
11.5 Movax OY |
11.6 Konesilta Oy |
11.7 Maatori Oy |
11.8 Ojala Machine Oy |
11.9 Real Machinery Oy |
11.10 Mateko Oy |
12. Key Strategic Recommendations |
13. Disclaimer |
List of figures |
1. Finland Used Construction Equipment Market Volume, 2021-2031F (USD Million) |
2. Finland Investment in Non-Residential Building Projects, USD Million, 2021-2024 |
3. Number of Units of side Dumpers Listed For Sale on Mascus in Europe |
4. Number of Units of Load Wheelers For Sale on Mascus in Europe |
5. Finland Used Construction Equipment Market Volume Share, By Types, 2024 & 2031F |
6. Finland Used Construction Equipment Market Volume Share, By End Use, 2024 & 2031F |
7. Finland Mining Projects, 2024 |
8. Finland Metal and Metals Products Export, 2022 & 2023 ($ Billion USD) |
9. Finland Total Building Construction Investment, USD Million, 2021-2024 |
10. Finland New Residential Buildings Volume Index (2015=100), Nov 2021- Nov 2024 |
11. Finland Used Construction Equipment Market Opportunity Assessment, By Type (2031F) |
12. Finland Used Construction Equipment Market Opportunity Assessment, By End Use (2031F) |
13. Finland Used Construction Equipment Market Volume Ranking, By Top 3 Companies, 2024 |
14. Interest Rates: Long-Term Government Bond Yields: 10-Year: Main (Including Benchmark) for Finland, 2022-2024 |
List of tables |
1. Finland Upcoming Transport Projects |
2. Finland Used Construction Equipment Market Volume, By Earthmoving Equipment, 2021-2031F (USD Million) |
3. Finland Used Construction Equipment Market Volume, By Road Construction Equipment, 2021-2031F (USD Million) |
4. Finland Upcoming Construction Projects |
5. Finland Financing System Specific to the Used Construction Equipment Market |