PUBLISHER: Arizton Advisory & Intelligence | PRODUCT CODE: 1469091
PUBLISHER: Arizton Advisory & Intelligence | PRODUCT CODE: 1469091
The Benelux construction equipment market size by volume is expected to grow at a CAGR of 3.10% from 2023-2029.
Increased Investment in Public Infrastructure Projects
KEY HIGHLIGHTS
SEGMENTATION ANALYSIS
Segmentation by Regions
MARKET TRENDS & DRIVERS
Rise in Investments in the Renewable Energy Sector Across Benelux
The Benelux region, comprising Belgium, the Netherlands, and Luxembourg, is witnessing a significant surge in investments in the renewable energy sector. Driven by ambitious climate goals, favorable government policies, and falling technology costs, the region is rapidly diversifying its energy mix and embracing clean energy sources. Key factors driving the investment boom:
Rising Focus on Compact and Electric Construction Equipment
Rise in Waste-To-Energy Projects in the Region to Drive the Market for Wheel Loaders
Benelux's Focus on Green Transition Will Prompt Investments in the Construction Industry
Incremental Infrastructure Development Boosts the Benelux Construction Equipment Market
In its Recovery & Resilience Facility, the government planned to liquidate USD 97.54 million a year during the next ten years ahead for the supply of new homes in the country. Further, in 2023, the Dutch government declared an investment of USD 281.40 million for developing 44,277 new residential buildings in the country. Approximately 64% of these buildings will fall under the affordable housing segment (for first-time buyers and middle-income people). For instance, Amsterdam and Eindhoven will include 4,000 new houses independently, over 2,000 in Utrecht, and 1,500 in Rotterdam.
National Fund Fuels Construction Machinery Boom
INDUSTRY RESTRAINTS
Skilled Labor Shortage in the Region to Impact the Growth of Construction Industry
Rising Construction Costs in the Region Hamper the Pace of Construction Projects
In 2023, inflation across Benelux is projected to ease, yet it is anticipated to persist above the levels observed before the pandemic. Inflation in Benelux is estimated to average 3.6% for 2023, a decrease from 4.4% recorded in 2022. Benelux governments have implemented energy price caps and tax cuts to help control inflation. Further, the countries in the region are also witnessing increasing mortgage rates in Benelux, which is impacting the residential demand in the area. Belgium has been increasing the cost of borrowing to address the inflationary pressure. The National Bank of Belgium (NBB) raised its interest rates by 375 basis points in 2023.
High Demand for Rental Construction Equipment to Hinder the Benelux Construction Equipment Market Growth
High prices of new construction equipment oblige the construction companies in Benelux to rent the equipment. Therefore, many contractors opt to rent because of the high expenses of owning and maintaining heavy equipment. Also, the global pandemic and geopolitical crises have resulted in supply chain disruptions for manufacturing construction equipment, ultimately driving prices upwards. For example, the semiconductor chips required for equipment engines have recently risen manifold times. Moreover, the booming rental equipment will hamper the Benelux construction equipment market growth during the forecast period.
VENDOR LANDSCAPE
Key Vendors
Other Prominent Vendors
Distributor Profiles
KEY QUESTIONS ANSWERED:
Graph 1 CONSTRUCTION EQUIPMENT MARKET VOLUME (UNITS)
Graph 2 CONSTRUCTION EQUIPMENT MARKET 2023 (%)
Graph 3 INCREMENTAL GROWTH BY EQUIPMENT TYPE 2023-2029 (VOLUME)
Graph 4 CONSTRUCTION EQUIPMENT MARKET BY END-USER INDUSTRIES 2023 (% SHARE)
Graph 5 BENELUX CONSTRUCTION EQUIPMENT MARKET, VOLUME 2023-2029 (UNITS)
Graph 6 BENELUX EARTHMOVING CONSTRUCTION EQUIPMENT MARKET 2020-2029 (UNITS)
Graph 7 BENELUX EARTHMOVING CONSTRUCTION EQUIPMENT MARKET 2020-2029 ($ MILLION)
Graph 8 BENELUX EXCAVATOR 2020-2029 (UNITS SALES)
Graph 9 BENELUX EXCAVATOR MARKET 2020-2029 ($ MILLION)
Graph 10 BENELUX BACKHOE LOADERS MARKET 2020-2029
(UNITS)
Graph 11 BENELUX BACKHOE LOADERS MARKET 2020-2029
($ MILLION)
Graph 12 BENELUX WHEELED LOADERS MARKET 2020-2029 (UNITS)
Graph 13 BENELUX WHEELED LOADERS MARKET 2020-2029 ($ MILLION)
Graph 14 BENELUX OTHER EARTHMOVING EQUIPMENT MARKET, 2020-2029 (UNITS)
Graph 15 BENELUX OTHER EARTHMOVING EQUIPMENT MARKET 2020-2029 ($ MILLION)
Graph 16 BENELUX ROAD CONSTRUCTION EQUIPMENT MARKET 2020-2029 (UNIT)
Graph 17 BENELUX ROAD CONSTRUCTION EQUIPMENT MARKET 2020-2029 ($ MILLION)
Graph 18 BENELUX ROAD ROLLERS MARKET, 2020-2029 (UNIT SALES)
Graph 19 BENELUX ROAD ROLLERS MARKET, 2020-2029 ($ MILLION)
Graph 20 BENELUX ASPHALT PAVERS MARKET 2020-2029
(UNITS)
Graph 21 BENELUX ASPHALT PAVERS MARKET 2020-2029 ($ MILLION)
Graph 22 BENELUX MATERIAL HANDLING EQUIPMENT MARKET 2020-2029 (UNIT SALES)
Graph 23 BENELUX MATERIAL HANDLING EQUIPMENT MARKET 2020-2029 ($ MILLION)
Graph 24 BENELUX CRANES MARKET, 2020-2029 (UNIT SALES)
Graph 25 BENELUX CRANES MARKET 2020-2029 ($ MILLION)
Graph 26 BENELUX FORKLIFTS AND TELESCOPIC HANDLERS MARKET 2020-2029 (UNIT SALES)
Graph 27 BENELUX FORKLIFTS AND TELESCOPIC HANDLERS MARKET 2020-2029 ($ MILLION)
Graph 28 BENELUX AERIAL PLATFORMS MARKET 2020-2029 (UNIT SALES)
Graph 29 BENELUX AERIAL PLATFORMS MARKET 2020-2029 ($ MILLION)
Graph 30 BENELUX OTHER CONSTRUCTION EQUIPMENT MARKET 2020-2029 (UNITS)
Graph 31 BENELUX OTHER CONSTRUCTION EQUIPMENT MARKET 2020-2029 ($ MILLION)
Graph 32 BENELUX DUMPERS MARKET 2020-2029 (UNITS)
Graph 33 BENELUX DUMPERS MARKET 2020-2029 ($ MILLION)
Graph 34 BENELUX TIPPERS MARKET 2020-2029 (UNIT SALES)
Graph 35 BENELUX TIPPERS MARKET 2020-2029 ($ MILLION)
Graph 36 BENELUX CONCRETE MIXERS MARKET 2020-2029
(UNIT SALES)
Graph 37 BENELUX CONCRETE MIXERS MARKET 2020-2029
($ MILLION)
Graph 38 BENELUX CONCRETE PUMP TRUCKS 2020-2029
(UNIT SALES)
Graph 39 BENELUX CONCRETE PUMP TRUCKS 2020-2029
($ MILLION)
Graph 40 BENELUX CONSTRUCTION EQUIPMENT MARKET 2020-2029 (UNIT SALES)
Graph 41 BENELUX CONSTRUCTION EQUIPMENT MARKET 2020-2029 ($ MILLION)
Graph 42 BENELUX MANUFACTURING CONSTRUCTION EQUIPMENT MARKET IN, 2020-2029 (UNIT SALES)
Graph 43 BENELUX MANUFACTURING CONSTRUCTION EQUIPMENT MARKET 2020-2029 ($ MILLION)
Graph 44 BENELUX MINING CONSTRUCTION EQUIPMENT MARKET, 2020-2029 (UNIT SALES)
Graph 45 BENELUX MINING CONSTRUCTION EQUIPMENT MARKET 2020-2029 ($ MILLION)
Graph 46 BENELUX OTHERS CONSTRUCTION EQUIPMENT MARKET 2020-2029 (UNIT SALES)
Graph 47 BENELUX OTHERS CONSTRUCTION EQUIPMENT MARKET IN OTHERS 2020-2029 ($ MILLION)
Graph 48 BELGIUM CONSTRUCTION EQUIPMENT MARKET 2020-2029 (UNITS SALES)
Graph 49 BELGIUM EARTHMOVING CONSTRUCTION EQUIPMENT MARKET 2020-2029 (UNITS SALES)
Graph 50 BELGIUM EARTHMOVING CONSTRUCTION EQUIPMENT MARKET 2020-2029 ($ MILLION)
Graph 51 BELGIUM ROAD CONSTRUCTION EQUIPMENT MARKET SIZE & FORECAST 2020-2029 (UNIT SALES)
Graph 52 BELGIUM ROAD CONSTRUCTION EQUIPMENT MARKET SIZE & FORECAST 2020-2029 ($ MILLION)
Graph 53 BELGIUM MATERIAL HANDLING EQUIPMENT MARKET
2020-2029 (UNIT SALES)
Graph 54 BELGIUM MATERIAL HANDLING EQUIPMENT MARKET
2020-2029 ($ MILLION)
Graph 55 BELGIUM OTHER CONSTRUCTION EQUIPMENT MARKET
2020-2029 (UNIT SALES)
Graph 56 BELGIUM OTHER CONSTRUCTION EQUIPMENT MARKET
2020-2029 ($ MILLION)
Graph 57 BELGIUM CONSTRUCTION EQUIPMENT MARKET
2020-2029 (UNIT SALES)
Graph 58 BELGIUM CONSTRUCTION EQUIPMENT MARKET
2020-2029 ($ MILLION)
Graph 59 BELGIUM MANUFACTURING CONSTRUCTION EQUIPMENT MARKET 2020-2029 (UNIT SALES)
Graph 60 BELGIUM MANUFACTURING CONSTRUCTION EQUIPMENT MARKET 2020-2029 ($ MILLION)
Graph 61 BELGIUM CONSTRUCTION EQUIPMENT MARKET IN MINING 2020-2029 (UNIT SALES)
Graph 62 BELGIUM CONSTRUCTION EQUIPMENT MARKET IN MINING 2020-2029 ($ MILLION)
Graph 63 BELGIUM CONSTRUCTION EQUIPMENT MARKET IN OTHER END-USERS 2020-2029 (UNIT SALES)
Graph 64 BELGIUM CONSTRUCTION EQUIPMENT MARKET IN OTHER END-USERS 2020-2029 ($ MILLION)
Graph 65 NETHERLANDS CONSTRUCTION EQUIPMENT MARKET 2020-2029 (UNIT SALES)
Graph 66 NETHERLANDS EARTHMOVING CONSTRUCTION EQUIPMENT MARKET 2020-2029 ($ MILLION)
Graph 67 NETHERLANDS EARTHMOVING CONSTRUCTION EQUIPMENT MARKET 2020-2029 ($ MILLION)
Graph 68 NETHERLANDS ROAD CONSTRUCTION EQUIPMENT MARKET SIZE & FORECAST 2020-2029 (UNIT SALES)
Graph 69 NETHERLANDS ROAD CONSTRUCTION EQUIPMENT MARKET SIZE & FORECAST 2020-2029 ($ MILLION)
Graph 70 NETHERLANDS MATERIAL HANDLING EQUIPMENT MARKET
2020-2029 (UNIT SALES)
Graph 71 NETHERLANDS MATERIAL HANDLING EQUIPMENT MARKET
2020-2029 ($ MILLION)
Graph 72 NETHERLANDS OTHER CONSTRUCTION EQUIPMENT MARKET
2020-2029 (UNIT SALES)
Graph 73 NETHERLANDS OTHER CONSTRUCTION EQUIPMENT MARKET
2020-2029 ($ MILLION)
Graph 74 NETHERLANDS CONSTRUCTION EQUIPMENT MARKET
2020-2029 (UNIT SALES)
Graph 75 NETHERLANDS CONSTRUCTION EQUIPMENT MARKET
2020-2029 ($ MILLION)
Graph 76 NETHERLANDS MANUFACTURING CONSTRUCTION EQUIPMENT MARKET 2020-2029 (UNIT SALES)
Graph 77 NETHERLANDS MANUFACTURING CONSTRUCTION EQUIPMENT MARKET 2020-2029 ($ MILLION)
Graph 78 NETHERLANDS CONSTRUCTION EQUIPMENT MARKET IN MINING 2020-2029 (UNIT SALES)
Graph 79 NETHERLANDS CONSTRUCTION EQUIPMENT MARKET IN MINING 2020-2029 ($ MILLION)
Graph 80 NETHERLANDS CONSTRUCTION EQUIPMENT MARKET IN OTHER END-USERS 2020-2029 (UNIT SALES)
Graph 81 NETHERLANDS CONSTRUCTION EQUIPMENT MARKET IN OTHER END-USERS 2020-2029 ($ MILLION)
Graph 82 LUXEMBOURG CONSTRUCTION EQUIPMENT MARKET 2020-2029 (UNIT SALES)
Graph 83 LUXEMBOURG EARTHMOVING CONSTRUCTION EQUIPMENT MARKET 2020-2029 (UNIT SALES)
Graph 84 LUXEMBOURG EARTHMOVING CONSTRUCTION EQUIPMENT MARKET 2020-2029 ($ MILLION)
Graph 85 LUXEMBOURG ROAD CONSTRUCTION EQUIPMENT MARKET SIZE & FORECAST 2020-2029 (UNIT SALES)
Graph 86 LUXEMBOURG ROAD CONSTRUCTION EQUIPMENT MARKET SIZE & FORECAST 2020-2029 ($ MILLION)
Graph 87 LUXEMBOURGMATERIAL HANDLING EQUIPMENT MARKET
2020-2029 (UNIT SALES)
Graph 88 LUXEMBOURG MATERIAL HANDLING EQUIPMENT MARKET
2020-2029 ($ MILLION)
Graph 89 LUXEMBOURG OTHER CONSTRUCTION EQUIPMENT MARKET
2020-2029 (UNIT SALES)
Graph 90 LUXEMBOURG OTHER CONSTRUCTION EQUIPMENT MARKET
2020-2029 ($ MILLION)
Graph 91 LUXEMBOURG CONSTRUCTION EQUIPMENT MARKET 2020-2029 (UNIT SALES)
Graph 92 LUXEMBOURG CONSTRUCTION EQUIPMENT MARKET 2020-2029 ($ MILLION)
Graph 93 LUXEMBOURG MANUFACTURING CONSTRUCTION EQUIPMENT MARKET 2020-2029 (UNIT SALES)
Graph 94 LUXEMBOURG MANUFACTURING CONSTRUCTION EQUIPMENT MARKET 2020-2029 ($ MILLION)
Graph 95 LUXEMBOURG CONSTRUCTION EQUIPMENT MARKET IN MINING 2020-2029 (UNIT SALES)
Graph 96 LUXEMBOURG CONSTRUCTION EQUIPMENT MARKET IN MINING 2020-2029 ($ MILLION)
Graph 97 LUXEMBOURG CONSTRUCTION EQUIPMENT MARKET IN OTHER END-USERS 2020-2029 (UNIT SALES)
Graph 98 LUXEMBOURG CONSTRUCTION EQUIPMENT MARKET IN OTHER END-USERS 2020-2029 ($ MILLION)
Graph 99 MARKET SHARE OF TOP VENDORS VS OTHERS (2022)
Graph 100 CATERPILLAR : SALES BY REGION 2022 (%)
Graph 101 CATERPILLAR : SALES BY BUSINESS SEGMENT 2022 (%)
Graph 102 HITACHI: SALES BY REGION 2022 (% SHARE)
Graph 103 HITACHI: SALES BY SEGMENT 2022 (% SHARE)
Graph 104 KOMATSU: SALES BY REGION IN 2022 (% SHARE)
Graph 105 KOMATSU: BREAKDOWN OF NET SALES BY BUSINESS SEGMENT 2022 (% SHARE)
Graph 106 LIEBHERR: SALES BY REGION 2022 (% SHARE)
Graph 107 LIEBHERR: SALES BY PRODUCT SEGMENT 2022 (% SHARE)
Graph 108 VOLVO: NET SALES BY REGION 2022 (% SHARE)
Graph 109 VOLVO: NET SALES BY SEGMENT 2022 (% SHARE)
LIST OF TABLES
Table 1 KEY INFRASTRUCTURE PROJECTS ACROSS THE REGION
Table 2 KEY INFRASTRUCTURE PROJECTS ACROSS THE REGION
Table 3 IMPORT DATA
Table 4 EXPORT DATA
Table 5 TOTAL INCREMENTAL OPPORTUNITY 2022-2029
Table 6 TOTAL INCREMENTAL OPPORTUNITY 2022-2029