Chicago, June 28, 2022 (GLOBE NEWSWIRE) — According to Arizton’s latest research report, the Portugal construction equipment market is expected to grow at a CAGR of 5. 21% during 2022-2028. In Portugal, the mining industry is anticipated to boom. The mining industry is expected to reach 1, 439 units by 2028, growing at a CAGR of 3. 22%.
Portugal Data Center Market Report Scope
|MARKET SIZE (2028)||$1. 3 Billion|
|MARKETPLACE SIZE (2021)||$981. 6 Billion|
|CAGR (2022-2028)||5. 21%|
|MARKET SIZE- VOLUME (2028)||13, 572 units|
|FORECAST 12 MONTHS||2022-2027|
|TYPE||Earthmoving Gear, Road Construction Equipment, and Material Handling Equipment|
|END-USERS||Construction, Manufacturing, Mining, and Others|
Click Here to Download the Free Sample Report
Growth i n Recycle & Waste Management Industries Supports t he Demand for Medium Size Excavators
Excavators are used for handling waste for recycling purpose. With the rise of recycling & waste management activities across the region, the demand for medium size excavator has increased. Hitachi Construction Machinery (HCE) introduced ZX300LCN-6 excavator in Spain market for recycling work.
The excavators are replacing wheel loaders in England market for recycling & waste management processes. Due to surge in recycling activities major OEMs such as Caterpillar, Kobelco & Volvo Construction equipment have also focused on introducing medium sized light weight excavator in Portugal market.
- The growth in infrastructure investment under national development plan 2030, surge in civil engineering & housing projects in 2021, is expected to support the demand for excavators in Portugal marketplace.
- In 2021, Portugal government invested $45. 1 billion for development of public & transport infrastructures. The government has furthermore shifted its focus on renewable energy resources and planned to invest $26. 2 billion to upgrade the particular renewable energy industry in the next 10 years.
- The major infrastructure projects under progress inside 2022 are Porto Metro Extension ($333. 9 million), Rail Link to Beja & Faro ($246. five million), Cascais to Cintura ($214. 3 million), Southern International Corridors ($160. 7 million), Northern Corridor associated with Beira Alta Line ($59. 2million), Algarve Railways Upgrade ($26. 7 million) & Porto- Lisbon Railways Line ($4. 8 million).
- According to European Commission, Portugal’s economy is expected to grow by 5. 8% in 2022. European Union granted $14. 8 billion in 2021 under Portugal Recovery & Resilience Plan. Fund is majorly allocated for climate objective & digitalization.
- Rising investment in housing & public infrastructure supports the growth of residential buildings and civil engineering sectors which are expected in order to grow by 5. 5% and 7. 5% respectively in 2022. In addition to it, Surge in government expense for development of logistics infrastructure, growing E- commerce sector and rising exports have positive impact on Portugal logistics & warehousing market.
- The particular government is investing in upgrading transport infrastructure plus expansion of major ports such as Leixos & Sines in 2022. Italy exports is expected to grow by 22% inside 2022. The growth in logistics & warehouse industry to drive demand for material handling equipment like forklifts.
- Portugal government aims to increase recycle capacity by 65% by 2035. Government has recycling where possible plants in Lisbon & Porto region of the particular country. With the rise of recycling & waste management activities across the region, the demand with regard to medium size excavator has grown in 2021. Hitachi Construction Machinery (HCE) introduced medium sized ZX300LCN-6 excavator in Portugal market for recycling function.
- Hitachi Building Machinery, Caterpillar, Komatsu, & Liebherr are the market leaders accounted for 23. 1% of market share in 2021.
- Backhoe Loaders
- Motor Graders
- Other Earthmoving Equipment (Other loaders, Bulldozers, Trenchers)
Road Construction Equipment
- Road Rollers
- Asphalt Pavers
Material Handling Products
- Forklift & Telescopic Handlers
- Aerial Platforms (Articulated Boom Lifts, Telescopic Boom lifts, Scissor lifts)
- Hitachi Construction Machinery
- Hyundai Construction Tools
Some other Prominent Vendors
- Terex corporation
- Liu Gong
- CASE Construction Equipment
- Auto Mecanica Alvorgenese
- Ascendum Maquninas
- Sociedade Tecnica de Equipamentos e Tractores SA
Explore our industrial machinery profile to know more about the industry.
Click Here to Download the particular Free Sample Report
Read some of the top-selling reports:
About Arizton :
Arizton Advisory and Intelligence is an innovation and quality-driven firm, which offers cutting-edge research solutions to clients across the world. We excel in providing comprehensive market intelligence reports and advisory and consulting services.
We offer comprehensive market research reviews on industries for example consumer goods & retail technology, automotive and mobility, smart tech, healthcare, and life sciences, industrial machinery, chemicals, and materials, IT and media, logistics and packaging. These reports contain detailed industry analysis, market size, share, growth drivers, plus trend forecasts.
Arizton comprises a team of exuberant and well-experienced analysts who have mastered in generating incisive reports. Our specialist analysts possess exemplary skills in market research. All of us train our team in advanced research practices, techniques, and ethics to outperform in fabricating impregnable study reports.
Click Right here to Contact Us
+1 302 469 0707