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Industry Landscape
The heavy construction equipment industry is experiencing growth driven by global infrastructure development and urbanization. There's a strong shift towards digital integration, automation, and sustainable technologies like electric and hybrid machinery to meet environmental regulations and improve efficiency. Supply chain disruptions and skilled labor shortages remain challenges, but innovation in ConTech continues to shape the sector.
Total Assets Under Management (AUM)
Construction Output Value in Germany
~Approx. 490 billion EUR (2023)
(1.0% (2023) CAGR)
Growth driven by civil engineering and public works.
- Residential construction facing headwinds.
- Public investment in infrastructure supports demand.
Total Addressable Market
Approx. 2.1 trillion
Market Growth Stage
Pace of Market Growth
Emerging Technologies
Digital Twins & Predictive Maintenance
Digital twins of construction equipment will enable real-time monitoring, predictive maintenance, and optimized operational efficiency by simulating machine performance and predicting failures.
Autonomous Construction Equipment
Advancements in AI and robotics will lead to fully autonomous heavy equipment, reducing labor costs, increasing precision, and improving safety on construction sites.
Advanced Materials for Equipment
The development of lighter, stronger, and more sustainable materials will improve fuel efficiency, extend equipment lifespan, and reduce the environmental footprint of heavy machinery.
Impactful Policy Frameworks
EU Stage V Emissions Standards (2019)
The EU Stage V emissions standards for non-road mobile machinery (NRMM), implemented in phases from 2019, set stringent limits on particulate matter (PM) and nitrogen oxides (NOx) for all engine power categories.
This policy directly pushes BOMAG to invest heavily in developing and offering more electric, hybrid, and advanced combustion engine technologies to comply with stricter emission limits.
German Building Energy Act (GEG) 2020
The German Building Energy Act (Gebäudeenergiegesetz - GEG), effective from November 2020, combines and updates previous energy efficiency regulations for buildings, emphasizing sustainable construction and renovation practices.
While primarily focused on buildings, GEG indirectly impacts BOMAG by increasing demand for sustainable construction methods and equipment that supports energy-efficient infrastructure and reduces site emissions.
German Supply Chain Due Diligence Act (LkSG) 2023
The German Supply Chain Due Diligence Act (Lieferkettensorgfaltspflichtengesetz - LkSG), effective from January 1, 2023, obliges companies to establish due diligence processes to prevent human rights and environmental violations in their supply chains.
This policy requires BOMAG to meticulously monitor and manage its entire supply chain for ethical and environmental compliance, impacting procurement, supplier relationships, and internal governance.
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