Construction equipment

The sale of the Portuguese construction equipment market is expected to reach 13,000 units by 2027. Developing the mining industry to complement the market

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Portugal Construction Equipment Market was valued at USD 981.6 Million in 2021 and is projected to reach USD 1.3 Billion by 2028.

Chicago, June 28, 2022 (GLOBE NEWSWIRE) — According to Arizton’s latest research report, the Portuguese construction equipment market is expected to grow at a CAGR of 5.21% during the period 2022-2028. In Portugal, the mining industry is set to explode. The mining industry is expected to reach 1,439 units by 2028, growing at a CAGR of 3.22%.

Data from Portugal Center Scope of the market report

Report attributes

Details

MARKET SIZE (2028)

$1.3 billion

MARKET SIZE (2021)

$981.6 billion

CAGR (2022-2028)

5.21%

MARKET SIZE – VOLUME (2028)

13,572 units

HISTORICAL YEAR

2019-2020

YEAR OF REFERENCE

2021

FORECAST YEAR

2022-2027

TYPE

Earthmoving equipment, road construction equipment and material handling equipment

END USERS

Construction, manufacturing, mining and others

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Growth In Recycling and waste management industries youon demand for medium sized excavators

Excavators are used for handling waste for recycling purposes. With the boom in recycling and waste management activities in the region, the demand for mid-size excavators has increased. Hitachi Construction Machinery (HCE) has introduced the ZX300LCN-6 excavator to the Portuguese market for recycling works.

Excavators are replacing wheel loaders in the Portuguese market for recycling and waste management processes. Due to the increase in recycling activities, major OEMs such as Caterpillar, Kobelco and Volvo Construction Equipment have also focused on introducing light to medium sized excavators to the Portuguese market.

key ideas

  • Growth in infrastructure investments under the National Development Plan 2030, strong increase in civil engineering and housing projects in 2021, are expected to support the demand for excavators in the Portuguese market.

  • In 2021, the Portuguese government invested $45.1 billion for the development of public and transport infrastructure. The government has also shifted its focus to renewable energy resources and has planned to invest $26.2 billion to modernize the renewable energy industry over the next 10 years.

  • The main infrastructure projects underway in 2022 are Porto Metro Extension ($333.9 million), Rail Link to Beja & Faro ($246.5 million), Cascais to Cintura ($214.3 million), Southern International Corridors ($160.7 million), Northern Corridor of Beira Alta Line ($59.2 million), Algarve Railways Upgrade ($26.7 million) and Porto Rail Line -Lisbon ($4.8 million).

  • According to the European Commission, the Portuguese economy is expected to grow by 5.8% in 2022. The European Union granted $14.8 billion in 2021 as part of Portugal’s recovery and resilience plan. The fund is mainly allocated to the climate objective and digitalization.

  • Rising investment in housing and public infrastructure is supporting growth in the residential building and civil engineering sectors which are expected to grow by 5.5% and 7.5% respectively in 2022. The trade sector and rising exports have a positive impact on the Portuguese logistics and warehousing market.

  • The government is investing in modernizing transport infrastructure and expanding major ports such as Leixos and Sines in 2022. Exports from Portugal are expected to grow by 22% in 2022. Growth in the logistics and warehouse industry will boost demand for material handling equipment such as forklifts.

  • The Portuguese government aims to increase recycling capacity by 65% ​​by 2035. The government has recycling plants in the Lisbon and Porto region of the country. With the boom in recycling and waste management activities in the region, the demand for mid-size excavators has increased in 2021. Hitachi Construction Machinery (HCE) has introduced the ZX300LCN-6 mid-size excavator to the Portuguese market for recycling works.

  • Hitachi Construction Machinery, Caterpillar, Komatsu and Liebherr are the market leaders and accounted for 23.1% market share in 2021.

Report cover:

Earthmoving equipment:

road construction equipment

  • Steamrollers

  • Asphalt pavers

Handling equipment

  • Crane

  • Forklifts and telehandlers

  • Aerial platforms (articulated platforms, telescopic platforms, scissor lifts)

end users

  • Construction

  • Manufacturing

  • Mining

  • Others

Main suppliers

Other Important Suppliers

Distributor Profiles

Explore our industrial machinery profile to learn more about the industry.

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