Benelux Construction Equipment Market Sales to Reach 86,455 Units by 2029 - Arizton

Arizton Advisory & Intelligence United Kingdom United States of America

is growing at a CAGR of 3.10% during 2023-2029.

 

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Benelux Construction Equipment Market Report Scope

Report Attributes

Details

Market Size (2029)

86,455 Units

Market Size (2023)

71,995 Units

CAGR (2023-2029)

3.10 %

Market Size- Revenue (2029)

USD 5.55 Billion

Historic Year

2020-2022

Base Year

2023

Forecast Year

2024-2029

The e-commerce industry of Benelux witnessed growth in 2022. The industry grew in 2023 due to changing customer buying patterns post-pandemic. The e-commerce industry's good performance supports the region's warehouse & logistics industry growth. Governments are investing in various construction projects in the Benelux region (Belgium, the Netherlands, and Luxembourg). Some major projects include the Oosterweel link, the expansion of the Belgian railway network, and the renovation of buildings in Wallonia, Flanders, and Brussels. Governments are also focusing on mining projects in Belgium and the Netherlands. Benelux countries are primarily investing in the mining of tin, nickel, cobalt, and bauxite in response to the rise in the global demand for electric construction equipment. Investments in construction and mining projects across Benelux countries are expected to drive the demand for earthmoving equipment.

Increased Investment in Public Infrastructure Projects Uplifting the Market Opportunities

In 2023, significant government investment in residential, road, and railway infrastructure is poised to stimulate demand for excavators in the construction equipment market across the Benelux region. Among the notable projects, The Grace in The Hague will feature two towers, one soaring to 180 meters and the other to 150 meters, slated for completion by 2025, offering 1,400 new residences, office spaces, and a dedicated bicycle storage facility.Hutchison Ports and Terminal Investment Limited (TIL) has ambitious plans to construct a new terminal at Rotterdam port, unfolding in phases with operations expected to commence by 2027. Spanning 2.6 kilometers, the terminal will encompass five deep-sea berths, aiming to enhance port capabilities.In 2020, Van Oord made pioneering investments in eco-friendly construction equipment, including the Netherlands' inaugural all-electric 20-tonne Caterpillar excavator. Subsequent investments followed in CAT330 LRE Zline excavators, boasting a robust battery capacity of 422 kilowatt-hours (kWh).

Further contributing to construction activity, the ongoing Crossover project near the A10 Zuid exit and Europa Boulevard is slated for completion by 2024, forecasted to spur demand for backhoe loaders in the Netherlands. This development promises residential and employment opportunities along with commercial amenities.

Benelux Construction Equipment Market Dynamics

Drivers

Rising focus on green transitionIncremental infrastructure developmentNational fund fuels construction machinery boom

Trends

Rise in investment in the renewable energy sectorRising focus on compact & electric construction equipmentRise in waste-to-energy projects

Challenges

Skilled labor shortageRising construction costsHigh demand for rental construction equipment

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Key Vendors

CaterpillarHitachi Construction MachineryKomatsuLiebherrVolvo Construction Equipment KobelcoKubotaZoomlion Heavy Industry Science & Technology Co., Ltd.SANYXuzhou Construction Machinery Group (XCMG)Hyundai Construction EquipmentDevelonJCB

Other Prominent Vendors

YanmarTadanoTakeuchiManitouToyota Material HandlingAUSAKATO WORKS CO., LTD.HaulotteMerlo S.p.A.BobcatTerex CorporationLiuGongCNH Industrial

Distributor Profiles

mateco CramatBoels RentalStokvis EquipmentRiwaldLOCHMANNMuller TPLentz Equipment

Segmentation by Type

Earthmoving EquipmentExcavatorBackhoe LoadersWheeled LoadersOther Earthmoving Equipment (Other loaders, Bulldozers, Trenchers)Road Construction EquipmentRoad RollersAsphalt PaversMaterial Handling EquipmentCraneForklift & Telescopic HandlersAerial Platforms (Articulated Boom Lifts, Telescopic Boom lifts, Scissor lifts)Other Construction EquipmentDumperTipperConcrete MixerConcrete Pump TruckEnd UsersConstructionMiningManufacturingOthers (Power Generation, Utilities Municipal Corporations, Oil & Gas, Cargo Handling, Power Generation Plants, Waste Management)

Segmentation by Regions

BelgiumNetherlandsLuxembourg

Key Questions Answered in the Report:

How big is the Benelux construction equipment market?

Who are the key players in the Benelux construction equipment market?

Which are the major distributor companies in the Benelux construction equipment market?

What are the trends in the Benelux construction equipment industry?

What is the growth rate of the Benelux construction equipment market?

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