Europe Equipment As A Service Market Size & Outlook
Global Market
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Europe equipment as a service market highlights
- The Europe equipment as a service market generated a revenue of USD 464.8 million in 2023.
- The market is expected to grow at a CAGR of 53.7% from 2024 to 2030.
- In terms of segment, cnc machines was the largest revenue generating equipment in 2023.
- CNC machines is the most lucrative equipment segment registering the fastest growth during the forecast period.
- Country-wise, UK is expected to register the highest CAGR from 2024 to 2030.
Europe data book summary
| Market revenue in 2023 | USD 464.8 million |
| Market revenue in 2030 | USD 8,862.2 million |
| Growth rate | 53.7% (CAGR from 2024 to 2030) |
| Largest segment | Cnc machines |
| Fastest growing segment | CNC machines |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Air Compressor, Pump, Power Tools, Ground Power Units, Laser cutting machines, Printing Machines, CNC machines, Material handling system, Packaging Machine, Excavators, Cranes, Turning and milling machines |
| Key market players worldwide | Atlas Copco AB ADR, Heidelberger Druckmaschinen AG, Desktop Metal Inc Ordinary Shares - Class A, Siemens AG, Dmg Mori Co Ltd, Hilti Group, Metso Corp, TRUMPF, Kaeser Kompressoren, SMS Group, Arnold Machine Inc., Uteco Converting, Volvo AB Class B, Maschinenfabrik HEID, Sk Laser, Tamturbo |
Other key industry trends
- In terms of revenue, Europe region accounted for 30.8% of the global equipment as a service market in 2023.
- Globally, North America is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 6,979.1 million by 2030.
Various industries in Europe are growing and recovering from the adverse impact of the COVID-19 pandemic. According to the industrial production statistics presented by Eurostat, industrial production in the European Union increased by 8% in 2021 compared with that of 2020.
In addition, the value of sold production in the European Union surged by 19% in 2022 compared with that of 2021. The rise in industrial production fuels the requirement for equipment as a service, thereby leading to the growth of the market in the region.
Moreover, equipment as a service module can bring sustainability and cost effectiveness to the production processes. This is expected to lead to the increased adoption of this module in Europe. Different companies offer equipment as a service module in the region.
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Equipment As A Service Market Scope
Equipment As A Service Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Siemens AG | View profile | 321,000 | Werner-von-Siemens-Strabe 1, Munich, BY, Germany, 80333 | www.siemens.com |
| Hilti Group | View profile | 10001+ | Schaan, Schaan, Liechtenstein, Europe | www.hilti.group/content/hilti/CP/XX/en.html |
| Atlas Copco AB ADR | View profile | 53,728 | Sickla Industrivag 19, Nacka, Stockholm, Sweden, SE-105 23 | www.atlascopcogroup.com |
| Heidelberger Druckmaschinen AG | View profile | 9,565 | Kurfursten-Anlage 52-60, Heidelberg, BW, Germany, 69115 | www.heidelberg.com |
| Metso Corp | View profile | 17,121 | Rauhalanpuisto 9, Helsinki, Finland, 02330 | www.metso.com |
| Desktop Metal Inc Ordinary Shares - Class A | View profile | 950 | 63 3rd Avenue, Burlington, MA, United States, 01803 | www.desktopmetal.com |
| Dmg Mori Co Ltd | View profile | 13,484 | 2-35-16 Meieki, Nakamura-ku, Aichi, Nagoya City, Japan, 450-0002 | www.dmgmori.co.jp |
| TRUMPF | View profile | 1001-5000 | Ditzingen, Baden-Wurttemberg, Germany, Europe | www.trumpf.com/de_DE/ |
| Kaeser Kompressoren | View profile | 5001-10000 | Coburg, Bayern, Germany, Europe | www.kaeser.com/ |
| SMS Group | View profile | 10001+ | Düsseldorf, Nordrhein-Westfalen, Germany, Europe | www.sms-group.com/ |
Europe Equipment As A Service Market Outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to Equipment As A Service Market Outlook will help companies and investors design strategic landscapes.
Cnc Machines was the largest segment with a revenue share of 22.63% in 2023.
Horizon Databook has segmented the Europe equipment as a service market based on air compressor, pump, power tools, ground power units, laser cutting machines, printing machines, cnc machines, material handling system, packaging machine, excavators, cranes, turning and milling machines covering the revenue growth of each sub-segment from 2018 to 2030.
Various industries in Europe are growing and recovering from the adverse impact of the COVID-19 pandemic. According to the industrial production statistics presented by Eurostat, industrial production in the European Union increased by 8% in 2021 compared with that of 2020.
In addition, the value of sold production in the European Union surged by 19% in 2022 compared with that of 2021. The rise in industrial production fuels the requirement for equipment as a service, thereby leading to the growth of the market in the region.
Moreover, equipment as a service module can bring sustainability and cost effectiveness to the production processes. This is expected to lead to the increased adoption of this module in Europe. Different companies offer equipment as a service module in the region.
- Europe Equipment As A Service Market Equipment Outlook (Revenue, USD Million , 2018-2030)
- Air Compressor
- Pump
- Power Tools
- Ground Power Units
- laser cutting machines
- Printing Machines
- CNC machines
- Material handling system
- Packaging Machine
- Excavators
- Cranes
- Turning and milling machines
- Europe Equipment As A Service Market End-use Outlook (Revenue, USD Million , 2018-2030)
- Construction
- Material Handling
- Mining
- Manufactruing
- Packaging
- Europe Equipment As A Service Market Financing Models Outlook (Revenue, USD Million , 2018-2030)
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Horizon Databook provides a detailed overview of continent-level data and insights on the Europe Equipment As A Service Market Outlook, including forecasts for subscribers. This continent databook contains high-level insights into Europe Equipment As A Service Market Outlook from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Europe Equipment As A Service Market, 2018-2030 (US$M)
Europe equipment as a service market statistics, by equipment, 2018-2030 (US$M)
