Europe Construction & Material Handling Machinery Market Present Scenario And The Growth Prospects 2030
In various nations in Europe, governing organization is rapidly investing in the growth of commercial places, road infrastructure, and railways infrastructure. For example, the European Commission is planning to spend around USD 340 billion in 2027 on digital, climate, and infrastructure projects.
Therefore, the market for Europe Construction equipment and material handling machinery is on track to hitting USD 75,436.3 million in 2030, as per a report by P&S Intelligence.
This growth of the industry is attributed to the surging labor price in the construction industry, surging need for offsite and modular buildings, increasing spending on infrastructure, and the fast expansion of smart cities in the region.
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Investments in European Infrastructure Are Growing
In Europe, there are the 5 biggest hospital construction projects were started, in November 2021:
(i) In Belgium, the Hospitacite Hospital Complex renovation is valued at around USD 493 million, which is placed on 10 hectares of land.
(ii) In Germany, the Lörrach Central Hospital Campus expansion is worth USD 418 million, and has a ground area of 47,000 m2.
(iii) In Italy, Galliera Hospital Project includes the building of a 73,400 m2, 400-bed hospital for USD 185 million.
(iv) In Spain, Albacete University Hospital Complex is valued at USD 170 million, and it has a gross floor area of 76,000 m2.
(v) In Poland, Grunwald Central Integrated Clinical Hospital is valued at USD 158 million, and it accounts for an area of 45000 m2.
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