According to Arizton’s latest research report, the Belgium construction equipment market is growing at a CAGR of 4.90% during 2024-2030.
Looking for More Information? Click: https://www.arizton.com/market-reports/belgium-construction-equipment-market
Report Scope:
Market Size – Volume (2030): 16.92 Thousand Units
Market Size – Volume (2024): 12.70 Thousand Units
CAGR (2024-2030): 4.90%
Market Revenue (2030): $1.16 Bn
Historic Year: 2021-2023
Base Year: 2024
Forecast Year: 2025-2030
In 2023, the construction equipment market in Belgium remained stable, with consistent invoiced sales and steady equipment deliveries. However, notable differences were observed across various types of equipment. Despite this, construction projects saw a decline of 15% to 25%, potentially due to market uncertainty, reduced investment, or delays in infrastructure spending, suggesting challenges ahead for the sector.
Belgian construction companies-maintained stability in 2023 by fulfilling large orders secured in previous years, offsetting the effects of declining new orders. The downturn in order intake can be attributed to uncertain macroeconomic and geopolitical conditions. By September 2024, production in the construction sector had decreased by 1.6% in the European area and 2.0% within the EU. Additionally, construction bankruptcies have risen significantly. From January to August 2024, Belgium saw a 21% increase in bankruptcies compared to the same period in 2023, with nearly 2,000 companies failing during the first nine months of 2024. This trend is expected to continue into 2025. In response, the Flemish government announced an additional $1.4 billion for public works in September 2024, supplementing the existing $5.8 billion budget managed by the Department of Mobility and Public Works.
Recent Developments in the Belgian Construction Equipment Market
The Rising Trend of Prefabricated Construction in Belgium is Set to Boost the Sale of Cranes
Belgium’s modular construction sector has experienced significant growth, with the market value increasing by nearly 50% over the last two years, driven by material variety and rising material and labor costs. Prefabrication enables faster construction times, reducing project timelines by up to 50%, which is essential in Belgium’s urbanized environment where demand for residential and commercial spaces is high.
As environmental concerns grow, modular construction is seen as a greener alternative. Many Belgian prefab factories have embraced sustainable practices, focusing on waste reduction, material optimization, and the use of recyclable materials.
Although growth may slow slightly in 2025 due to economic factors, strong market fundamentals, housing demand, and rising interest in modular solutions indicate a positive outlook from 2026 onwards. Small, prefabricated homes, known for their affordability, durability, and energy efficiency, continue to gain popularity in Belgium. The demand for modular construction spans both residential and institutional sectors, with an increase in the sale of material handling equipment like cranes expected during the forecast period.
Competitive Overview
Caterpillar, Liebherr, Komatsu, Volvo CE, and Hitachi Construction Machinery lead the Belgium construction equipment market, holding strong market shares with a broad range of equipment. Niche players such as Terex, Tadano, and Merlo Spa offer specialized products but with limited diversification. Emerging companies like JCB, Kobelco, and SANY are challenging market leaders with innovative, technologically advanced solutions. Meanwhile, AUSA, Mecalac, and others with low product diversification are struggling to keep pace, particularly in adopting new technologies within the sector. The market continues to evolve with growing competition and technological advancements.
Belgium Construction Equipment Market Dynamics
Drivers
Trends
Restraints
Book the Free Sample Now: https://www.arizton.com/market-reports/belgium-construction-equipment-market
Prominent Vendors
Distributor Profiles
Segmentation by Type
Earthmoving Equipment
Road Construction Equipment
Material Handling Equipment
Other Construction Equipment
Segmentation by End Users
Key Questions Answered in the Report:
How big is the Belgium construction equipment market?
Who are the key players in the Belgium construction equipment market?
What are the trends in the Belgium construction equipment industry?
Which are the major distributor companies in the Belgium construction equipment market?
What is the growth rate of the Belgium construction equipment market?
Check Out Some of the Top Selling Research Reports:
Netherlands Construction Equipment Market – Strategic Assessment & Forecast 2024-2029
https://www.arizton.com/market-reports/netherlands-construction-equipment-market
Poland Construction Equipment Market – Strategic Assessment & Forecast 2024-2029
https://www.arizton.com/market-reports/poland-construction-equipment-market
Why Arizton?
100% Customer Satisfaction
24×7 availability – we are always there when you need us
200+ Fortune 500 Companies trust Arizton’s report
80% of our reports are exclusive and first in the industry
100% more data and analysis
1500+ reports published till date
Post-Purchase Benefit
About Us:
Arizton Advisory and Intelligence is an innovative and quality-driven firm that offers cutting-edge research solutions to clients worldwide. We excel in providing comprehensive market intelligence reports and advisory and consulting services.
We offer comprehensive market research reports on consumer goods & retail technology, automotive and mobility, smart tech, healthcare, life sciences, industrial machinery, chemicals, materials, I.T. and media, logistics, and packaging. These reports contain detailed industry analysis, market size, share, growth drivers, and trend forecasts.
Arizton comprises a team of exuberant and well-experienced analysts who have mastered generating incisive reports. Our specialist analysts possess exemplary skills in market research. We train our team in advanced research practices, techniques, and ethics to outperform in fabricating impregnable research reports.
Media ContactCompany Name: Arizton Advisory & Intelligence Contact Person: JessicaEmail: Send EmailPhone: +1 3122332770Country: United StatesWebsite: https://www.arizton.com/market-reports/belgium-construction-equipment-market
