European Demand for Excavators and Bulldozers Creates New Opportunities for Undercarriage Solutions

The European market for self-propelled full-rotation excavators and bulldozers is entering a period of steady expansion, supported by long-term demand across construction, mining, and infrastructure development. Projections indicate that market volume will reach 126,000 units by 2035, reflecting a sustained upward trend. In value terms, the market is forecasted to hit $8.8 billion, with a healthy CAGR of +2.9% between 2024 and 2035.

Market Trends and Forecasts

• Consumption Outlook: Despite a temporary decline in 2024, with volumes dropping -11.5% year-on-year to 123,000 units, the overall trajectory remains positive. Since 2013, consumption has averaged +4.8% annual growth, demonstrating strong resilience despite short-term fluctuations.

• Regional Leaders: Belgium leads the market, accounting for around 40% of total consumption, followed by Italy and Spain. Belgium also ranks first in market value at $2.5 billion, with Italy and Germany following closely behind.

• Production Performance: European Union production grew to 98,000 units in 2024, marking a 5.9% increase. Belgium, Germany, and Austria remain the key manufacturing hubs, together representing over three-quarters of total EU production.

Import and Export Dynamics

• Imports: The EU imported 152,000 units in 2024, reflecting a sharp decline from the record 245,000 units in 2023. The Netherlands and Belgium were the largest importers, while Italy, Germany, and Spain also accounted for significant shares.

• Exports: EU exports dropped to 127,000 units in 2024, after peaking at 211,000 units in 2021. The Netherlands, Germany, and Belgium remain the leading exporters, with the Czech Republic showing the fastest growth trend.

Why This Matters for Equipment Owners

The expanding demand highlights not just machine sales but also the growing need for reliable aftermarket solutions. As fleets expand and operate in demanding environments, undercarriage systems become a critical factor in machine performance and lifecycle costs.

At Global Hydraulic System, we understand these industry shifts. That’s why we provide durable undercarriage solutions, including track rollers, idlers, sprockets, and track chains, tailored for excavators and bulldozers working in European conditions. With the market projected to rise steadily through 2035, ensuring your machines are equipped with reliable components is essential for maximizing uptime and reducing operating costs.

Looking Ahead

The long-term forecast for excavators and bulldozers in Europe confirms a stable growth outlook. For contractors, fleet managers, and dealers, this means now is the right time to strengthen partnerships with trusted suppliers who can deliver quality undercarriage parts and hydraulic solutions that keep heavy equipment moving efficiently.