Benelux Construction Equipment Market Expansion

The Benelux construction equipment market is anticipated to grow to 86,455 units by 2029, spurred by a 3.10% CAGR from 2023. Key industry players like Caterpillar, Komatsu, and Volvo CE are prominent in this market. Government investments in mining projects, residential, and transportation infrastructure are fueling demand for construction equipment, including excavators and backhoe loaders, although challenges like rising interest rates and commodity prices could hinder growth.