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Portugal Construction Equipment Market - Strategic Assessment and Forecast 2022-2028

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THE PORTUGAL CONSTRUCTION EQUIPMENT MARKET SIZE WAS VALUED AT USD 981.6 MILLION IN 2021 AND IS EXPECTED TO REACH USD 1.3 BILLION BY 2028, GROWING AT A CAGR OF 5.21% DURING 2022-2028.

Portugal Construction Equipment Market Research Report includes segments by

  • Earthmoving Equipment: Excavator, Backhoe Loaders, Motor Graders, and Other Earthmoving Equipment (Other loaders, Bulldozers, Trenchers)
  • Road Construction Equipment: Road Rollers and Asphalt Pavers
  • Material Handling Equipment: Crane, Forklift & Telescopic Handlers, and Aerial Platforms (Articulated Boom Lifts, Telescopic Boom lifts, Scissor lifts)
  • End Users: Construction, Manufacturing, Mining, and Others

The industry Analysis Report Provides Industry Trends, Drivers, Opportunities, Competitive Outlook, Market Size, Sales, and Growth Forecast 2022-2028

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Most Exhaustive Report

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105 Pages

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19 Tables

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65 Charts

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1 Regions

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1 Countries

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17 Companies

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4 Market Segment

PORTUGAL CONSTRUCTION EQUIPMENT MARKET REPORT SCOPE

Report Attribute Details
Market Size (2028) USD 1.3 Billion
Market Size (2021) USD 981.6 Billion
CAGR (2022-2028) 5.21%
MARKET SIZE- VOLUME (2028) 13,572 units
Historic Year 2019-2020
BASE YEAR 2021
FORECAST YEAR 2022-2028
TYPE Earthmoving Equipment, Road Construction Equipment, and Material Handling Equipment
END-USERS Construction, Manufacturing, Mining, and Others

MARKET INSIGHTS

The Portugal construction equipment market was valued at USD 981.6 million in 2021 and is expected to reach USD 1.3 billion by 2028, growing at a CAGR of 5.21% during 2022-2028. In terms of volume, Portugal's construction equipment market is expected to reach 13,572 units by 2028. Government investment in infrastructure, real estate & transport industries under National Development Plan 2030 drives the demand for construction equipment in Portugal.

KEY HIGHLIGHTS OF THE PORTUGAL CONSTRUCTION EQUIPMENT MARKET

  • The Earthmoving segment has the largest share of Portugal's Construction equipment. The excavators held the largest share in the earthmoving segment in 2021. The growth in infrastructure investment under the national development plan 2030. The surge in civil engineering & housing projects in 2021 is expected to support the demand for excavators.
  •  In 2021, Portugal's government increased the public & transport infrastructure investment. The government has also shifted its focus on renewable energy resources and planned to invest $26.2 billion to upgrade the renewable energy industry in the next 10 years.
  • The rise in Government investment in warehouse & logistics infrastructure supports the country's logistics & E-commerce industry growth in 2021. The surge in construction, renewable energy projects & growth in the E-commerce industry positively impact the demand for construction equipment in Portugal.
  • In 2021, Portugal's recycling and waste management activities increased by 6.4%. The recycling activities is expected to grow in 2022 as the government aims to recycle 65% of waste by 2035, so demand for medium-size excavator having light weight & high swing speed are growing in recent times in the market, which is most suitable for recycling activities.

Growth in Construction, Renewable & Logistics Industries Drives the Economic Recovery

In 2020, Portugal's economy contracted by 7.6% due to a severe decline in tourism & exports caused by the government's lockdown measures. Construction & Manufacturing industry declined by 3.9% & 10.9% respectively.

The country's economy slightly grew by 4% in 2021 due to increased government infrastructure investment and resilient construction industry performance. The real estate & housing industry witnessed growth in 2021, and the country's export increased by 8.1% due to a surge in foreign demand. According to European Commission, Portugal's economy is expected to grow by 5.8% in 2022. European Union granted $14.8 billion under Portugal's Recovery & Resilience Plan. The government also announced an investment of $43.5 billion for infrastructure development across the country in 2021.

Expected Growth in FDI Inflow in Renewable Energy Sectors of Northern & Alentejo Region

Foreign direct investment in 2021 was increased by 38%. The manufacturing & service industries attracted maximum FDI inflow in 2021. The Northern & Lisbon Region of the country attracted more than 80% of FDI inflow. European countries like France, Germany & UK were some investors in Portugal's economy in 2021. High growth in renewable energy sectors is expected in 2022 due to various ongoing solar projects in Porto & Mertola City of the northern & Alentejo region, respectively.

 Investment In Public Infrastructure & Logistic Industry

Portugal's government announced in 2021 to invest $45.1 billion in public infrastructure, including a high-speed railways link between Lisbon & Porto cities. This project is estimated to cost $ 4.7 billion and is expected to be completed by 2030. The government investments focused on the country's transport & energy sectors. $22.7 billion was allocated for transport projects, and $13.7 billion was directed toward clean energy projects.

In 2022, public infrastructure projects are in progress, funded by the national budget, European Union funds, & private investment. European Union granted $14.5 billion under PRR (Portugal Recovery Resilience) plan in the second half of 2021. The construction of residential buildings is expected to grow by 5.5%, maintaining a competitive position in the real estate market. Civil engineering, which is expected to be the most dynamic segment in 2022, is expected to grow by 7.5%.  

The surge in government investment in developing logistics infrastructure, the growing E-commerce sector, and rising exports positively impact Portugal's logistics & warehousing market. The government is investing in upgrading transport infrastructure and expanding major ports such as Leixos & Sines in 2022. Portugal's exports are expected to grow by 22% in 2022.

Shifting of Focus Towards Renewable Energy Resources

Portugal aimed to increase its renewable energy production from 20% in 2021 to 80% by 2026. In 2021, Portugal's government planned to shift away from fossil fuel to renewable energy sources such as wind, solar & hydro. The government planned to invest $26.2 billion to upgrade the renewable energy industry in the next 10 years. The country has committed to becoming carbon natural by 2050 and producing electricity using renewable energy resources. Recently in 2022, Portugal closed its two-coal fire plant and replaced it with 7.3GW of hydroelectric & 5.6 GW of the onshore wind park, which fulfilled ~83% of the total capacity of coal fire plants in the region.

According to Portugal's government, Photovoltaic solar energy had tremendous potential as it grew by more than 20% in 2021. The installed capacity of photovoltaic solar was 7,359 MW in 2021 and is expected to grow sharply in 2022 due to increasing government focus and investment.

Anti-Mining Protest Against Lithium Extraction & Rising Building Material & Labour Costs Are Major Challenges

Many environmentalists are against it as it can increase soil pollution and deforestation and can hamper the ecosystem. Anti-mining protests are observed in, especially in Northern & southern parts of the country where the Lithium mines are majorly present. The country's environmental association wants the government should make environmental assessments & study the impact of lithium exploration on the environment. Three major Lithium extraction projects in 2022 are hampered due to local protests of villagers & environmentalists in Minas do Barroso (Boticas), Angela (Covilha & Fundao) & Romano (Montalegre) regions.

Instituto Nacional de Estatística (INE) states that new housing construction costs will increase by 7% in 2021. The increase in the price of materials and cost of labor triggered the overall increase in the price of new houses in the Portugal market. In 2021, the price of building materials and labor rose by 8% & 5.1%, respectively.

In 2022, the building material & commodities prices increased by 18% due to a mismatch of demand and supply. Steel concrete rods increased by 54%, aluminum (61%) & Copper (47%) which is expected to have an adverse impact on the demand for new housing in the country.

 Electric Equipment & Medium Size Excavators Are Gaining

Environmentalists are suggesting the government study the environmental impact of Lithium extraction. Therefore, Portugal Government introduced green mining technology. Green mining focuses on reducing carbon emissions during extraction, resulting in low environmental impact. Green mining can trigger the demand for electric construction equipment in Portugal.

Portugal's government focused on recycling and waste management processes in 2021. The recycling of packaging increased by 6.4% in 2021 compared to 2020. Portugal government aims to increase recycle target by 55% in 2025,60% by 2030 & 65% by 2035. Government has recycling plants in the Lisbon & Porto region of the country. With the rise of recycling & waste management activities across the region, the demand for medium-sized excavators increased in 2021. Hitachi Construction Machinery (HCE) introduced the ZX300LCN-6 excavator in the Portugal market for recycling work.

VENDOR LANDSCAPE

  • Hitachi Construction Machinery, Caterpillar, Komatsu, & Liebherr are the market leaders, accounting for 23.1% of the market share in 2021.
  • Prominent vendors are Hitachi Construction Machinery, Caterpillar, Komatsu, Kobelco, Hyundai Construction Equipment, JCB, Liebherr & Volvo Construction Equipment.
  • Other prominent vendors are Liu Gong, Yanmar, Case Construction Equipment & Terex Corporation.

REPORT COVERAGE:

Earthmoving Equipment:

  • Excavator
  • Backhoe Loaders
  • Motor Graders
  • Other Earthmoving Equipment (Other loaders, Bulldozers, Trenchers)

Road Construction Equipment

  • Road Rollers
  • Asphalt Pavers

Material Handling Equipment

  • Crane
  • Forklift & Telescopic Handlers
  • Aerial Platforms (Articulated Boom Lifts, Telescopic Boom lifts, Scissor lifts)

End Users

  • Construction
  • Manufacturing
  • Mining
  • Others

Frequently Asked Questions

WHAT IS THE GROWTH RATE OF THE CONSTRUCTION EQUIPMENT MARKET IN PORTUGAL?

The Portugal construction equipment market is expected to grow at a CAGR of 5.21% during 2022-2028.

WHO ARE THE KEY PLAYERS IN THE PORTUGAL CONSTRUCTION MACHINERY MARKET?

Key players include Volvo, Caterpillar, Hitachi, Liebherr, JCB, Hyundai Construction Equipment, and Kobelco.

WHAT ARE THE MARKET OPPORTUNITIES FOR PLAYERS IN THE PORTUGAL CONSTRUCTION EQUIPMENT INDUSTRY?

A surge in government investment in infrastructure & transport for economic recovery and shifting of focus toward renewable energy resources supports the demand for construction equipment are some of the opportunities for the players in the market.

HOW MUCH CONSTRUCTION EQUIPMENT WILL BE SOLD IN PORTUGAL IN 2028?

According to Arizton Advisory & Intelligence, around 13,572 units of construction equipment will be sold in 2028.

WHAT IS THE ESTIMATED VALUE OF THE PORTUGAL CONSTRUCTION EQUIPMENT MARKET?

The Portugal construction equipment market was valued at USD 981.6 million in 2021 and is expected to reach USD 1.3 billion by 2028, growing at a CAGR of 5.21% during 2022-2028.

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The Portugal construction equipment market was valued at USD 981.6 million in 2021 and is expected to reach USD 1.3 billion by 2028, growing at a CAGR of 5.21% during 2022-2028.

Base Year: 2021

Forecast Year: 2022-2028

Scope: The report considers the present scenario of the Portugal construction equipment market and market dynamics for the forecast period 2022−2028. It covers a detailed overview of several market growth enablers, restraints, and trends. The study includes the volume and value sales with a segment analysis of the Portugal construction equipment market.

Key Vendors

  • Hitachi Construction Machinery
  • Liebherr
  • Caterpillar
  • Komatsu
  • Hyundai Construction Equipment
  • VOLVO
  • JCB
  • Kobelco

Other Prominent Vendors

  • Terex corporation
  • Tadano
  • Liu Gong
  • CASE Construction Equipment

Distributors Profiles

  • Auto Mecanica Alvorgenese
  • Ascendum Maquninas
  • Almovi
  • Pousamil
  • Sociedade Tecnica de Equipamentos e Tractores SA

Segmentation by Type

  • Earthmoving Equipment:
    • Excavator
    • Backhoe Loaders
    • Motor Graders
    • Other Earthmoving Equipment (Other loaders, Bulldozers, Trenchers)
  • Road Construction Equipment
    • Road Rollers
    • Asphalt Pavers
  • Material Handling Equipment
    • Crane
    • Forklift & Telescopic Handlers
    • Aerial Platforms (Articulated Boom Lifts, Telescopic Boom lifts, Scissor lifts)
  • Segmentation by End Users
    • Construction
    • Manufacturing
    • Mining
    • Others

Section 1 – Introduction
• Market Snapshot
• Executive Summary

Section 2 – The Market Overview

Economic Scenario & Infrastructure Development in Portugal, Foreign Direct Investment

Section 3 – Market Landscape

  3.1 Portugal Construction Equipment Market by Type (Volume & Value)
 3.1.1. Earthmoving Equipment

  1. Excavator
  2. Backhoe Loader
  3. Motor Grader
  4. Other Earth Moving Equipment (Other Loaders, Bulldozers, & Trencher)

 3.1.2. Road Construction Equipment

  1. Asphalt Paver
  2. Road Roller

3.1.3. Material Handling Equipment

  1. Crane
  2. Forklift and Telescopic Handler
  3. Aerial Platform (Articulated Boom lifts, Telescopic Boom lifts, & Scissor Lifts)

3.2 Portugal Construction Equipment Market by End user (Volume & Value)

  1. Construction
  2. Mining
  3. Manufacturing
  4. Others (Power Generation, Utilities Municipal Corporations, Oil & Gas, Cargo Handling, Power Generation Plants, Waste Management, etc)

Section 4: Market Dynamics

Market Drivers, Restraints, Trends, Key Economic Regions in Portugal, Advantage Portugal, Key Economic Regions in Portugal, Import/Export Trend Analysis, Supply chain, COVID-19 Impact

Section 5: Technology Development

 Advent of New Technology

Section 6 – Competitive Landscape

  1. Competitive Landscape Overview
  2. Major Vendors (Caterpillar | Volvo Construction Equipment| Komatsu | Hitachi Construction Machinery | Terex Corporation | Liebherr | Kobelco | Hyundai Construction Equipment | Liu Gong| Tadano| CASE Construction| JCB)
  3. Other Prominent Vendors
  1. Distributors Profile

Section 7-Quantitative Summary

Section 8 – Report Summary
1. Key Insights

  1. Abbreviations
  2. List of Graphs
  3. List of Tables

Section 9 – Report Scope & Definition
1. Research Methodology
2. Market Definition, Inclusion & Exclusion

LIST OF EXHIBITS

Graph 1 Portugal Construction Equipment Market by Volume (Unit sales) 2019–2028

Graph 2 Portugal Construction Equipment Market by Type 2021 Volume Share (%)

Graph 3 Portugal Construction Equipment Market by Volume 2019–2028 (Unit Sales)

Graph 4 Portugal Construction Equipment Market by Value 2019–2028 ($ MN)

Graph 5 Portugal Construction Equipment Market by End-User 2021 (% share)

Graph 6 Portugal Construction Equipment Market by Type 2019-2028 (Units Sales)

Graph 7 GDP Growth 2020–2022 (%)

Graph 8 Investments in Several Sectors 2021 (%)

Graph 9 FDI Inward Inflow 2018–2021 ($ BN)

Graph 10 Major Countries Investing in Portugal 2020 & 2021 (% share)

Graph 11 Portugal Construction Equipment Market by Type 2019–2028 (Unit Sales)

Graph 12 Portugal Construction Equipment Market by Type 2021 Volume Share (%)

Graph 13 Portugal Construction Equipment Market by Application 2019–2028 (Unit Sales)

Graph 14 Portugal Earthmoving Equipment 2019–2028(Unit Sales)

Graph 15 Portugal Earthmoving Equipment 2019–2028($ MN)

Graph 16 Portugal Excavator Market 2019–2028(Unit Sales)

Graph 17 Portugal Excavator Market 2019–2028($ MN)

Graph 18 Portugal Backhoe Loader Market 2019–2028 (Unit Sales)

Graph 19 Portugal Backhoe Loader Market 2019–2028 ($ MN)

Graph 20 Portugal Motor Grader Market 2019–2028 (Unit Sales)

Graph 21 Portugal Motor Grader Market 2019–2028 ($ MN)

Graph 22 Portugal Other Earthmoving Equipment 2019–2028 (Unit Sales)

Graph 23 Portugal Other Earthmoving Equipment 2019–2028 ($ MN)

Graph 24 Portugal Material Handling Equipment Market 2019–2028 (Unit Sales)

Graph 25 Portugal Material Handling Equipment Market 2019–2028 ($ MN)

Graph 26 Portugal Cranes Market 2019–2028 (Unit Sales)

Graph 27 Portugal Cranes Market 2019–2028 ($ MN)

Graph 28 Portugal Forklifts & Telescopic Handlers Market 2019–2028 (Unit Sales)

Graph 29 Portugal Forklifts & Telescopic Handlers Market 2019–2028 ($ MN)

Graph 30 Portugal Aerial Platforms Market 2019–2028 (Unit Sales)

Graph 31 Portugal Aerial Platforms Market 2019–2028 ($ MN)

Graph 32 Portugal Road Construction Equipment Market 2019–2028 (Unit Sales)

Graph 33 Portugal Road Construction Equipment Market 2019–2028 ($ MN)

Graph 34 Portugal Road Rollers Market 2019–2028 (Unit Sales)

Graph 35 Portugal Road Roller Market 2019–2028 ($ MN)

Graph 36 Portugal Asphalt Pavers Market 2019–2028 (Unit Sales)

Graph 37 Portugal Asphalt Pavers Market 2019–2028 ($ MN)

Graph 38 Portugal Construction Equipment Market 2019–2028 (Unit Sales)

Graph 39 Portugal Construction Equipment Market 2019–2028 ($ MN)

Graph 40 Portugal Manufacturing Construction Equipment Market 2019–2028 (Unit Sales)

Graph 41 Portugal Manufacturing Construction Equipment Market 2019–2028 ($ MN)

Graph 42 Portugal Mining Construction Equipment Market 2019–2028 (Unit Sales)

Graph 43 Portugal Mining Construction Equipment Market 2019–2028 ($MN)

Graph 44 Portugal Construction Equipment Market by Others 2019–2028 (Unit Sales)

Graph 45 Portugal Construction Equipment Market by Others 2019–2028 ($ MN)

Graph 46 Government Investment in Major Sectors 2021 ($ BN)

Graph 47 Import Value of Construction Equipment 2019 ($ MN)

Graph 48 Export Value of Construction Equipment 2019 ($ MN)

Graph 49 Hyundai Construction Equipment: Revenue (2018–2020) ($BN)

Graph 50 Volvo: Construction Equipment Net Sales 2016–2020 ($ BN)

Graph 51 Volvo: Share of Net Sales by Market 2020 (% Share)

Graph 52 Volvo: Share of Net Sales by Segment 2020 (% Share)

Graph 53 Liebherr: Total Revenue 2018–2020 (% Share)

Graph 54 Liebherr: Revenue by Region (% Share)

Graph 55 Liebherr: Total Revenue by Product Segment 2020 (% Share)

Graph 56 Komatsu: Consolidated Net Sales 2018–2020 ($ BN)

Graph 57 Komatsu: Construction, Mining, & Utility Equipment Business, Sales by Region 2020 (% Share)

Graph 58 Komatsu: Breakdown of Net Sales by Segment 2020 (% Share)

Graph 59 Caterpillar: Total Revenue 2018-2021 ($ BN)

Graph 60 Caterpillar: Sales by Region, 2020 (% Share)

Graph 61 Caterpillar: Total Revenue by Segment 2020 (% Share)

Graph 62 Kobelco: Net Sales (2017–2020) ($ BN)

LIST OF TABLES:

Table-1 Number of FDI Projects by Sectors

Table-2 Major Railway Projects in Portugal

Table-3 Portugal Construction Equipment Market by Volume 2019–2028

Table-4 Portugal Construction Equipment Market by Type 2019–2018

Table-5 Portugal Earthmoving Equipment Market Size & Forecast by Type (Volume, Units)

Table-6 Portugal Material Handling Equipment Market Size & Forecast by Type (Volume, Units)

Table-7 Portugal Road Construction Equipment Market Size & Forecast by Type (Volume, Units)

Table-8 Portugal Construction Equipment Market Size & Forecast by End-User (Units)

Table-9 Portugal Construction Equipment Market by Value 2019–2028

Table-10 Portugal Construction Equipment Market by Type 2019–2018

Table-11 Portugal Earthmoving Equipment Market Size & Forecast by Type (Value, $ MN)

Table-12 Portugal Road Construction Equipment Market Size & Forecast by Type (Value, $ MN)

Table-13 Portugal Material Handling Equipment Market Size & Forecast by Type (Value, $ MN)

Table-14 Portugal Construction Equipment Market Size & Forecast by End-User

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