Benelux Construction Equipment Market Assessment & Forecasts 2023-2024 & 2029: Rising Focus on Compact and Electric Construction Equipment and Focus on Green Transition Will Prompt Investments - ResearchAndMarkets.com
In 2023, government investment in residential, road, and railways is expected to drive the demand for excavators in the Benelux construction equipment market during the forecast period.
- In 2023, government investment in residential, road, and railways is expected to drive the demand for excavators in the Benelux construction equipment market during the forecast period.
- Earthmoving equipment accounted for the largest market share of the Benelux construction equipment market in 2023.
- Rising interest rates and higher commodity prices may act as a barrier to the growth of the Benelux construction equipment market.
- The rising focus on compact equipment in the Benelux construction equipment market is attributed to various factors, such as expanding urbanization, eco-friendly construction requirements, and off-road construction activities.