The Shift From Ownership To Utilization: The Evolution Of European Construction And Material Handling Equipment As A Service Through Electrification And Remote Telematics

The European industrial equipment market is shifting from ownership toward "Equipment as a Service" (EaaS), driven by electrification and remote telematics. Major markets like the UK, Germany, and France lead adoption, particularly for mini-excavators. Advanced machines require specialized OEM or dealer services, making traditional self-maintenance obsolete. High-performing sectors, including self-guided vehicles, are expected to see significant growth through 2035. Large companies now prefer full-service usage over capital investment, as complex digital diagnostics replace mechanical manual repairs.