Belgium Construction Equipment Rental Market Research Report, 2028

Belgium is the most developed country, and it ranks relatively high on the global index due to its advanced high incomes.The Belgian market is distinguished by the regional division between Flanders, where specialised companies are more focused on the nonconstruction industry, and Wallonia, where generalist rental companies concentrate mostly on the construction sector. Additionally, many mid-sized businesses, notably those from the Flanders region, have expanded to compete on a national level. The geographic division is based on language, which is unusual compared to other European markets, with the exception of Switzerland. Given that local rather than national rental players predominate, this might serve as a barrier to entry. The Belgian market's structure has not changed in recent years. However, there is currently a noticeable trend where businesses from Flanders are focusing on the other region. This is undoubtedly the first step toward consolidating a still highly fragmented industry. Additionally, prices are kept low by rivalry as businesses in neighbouring markets search for possibilities near the borders. In Belgium, the construction rental equipment market is expected to significantly increase in the future. Excavators, a sub-section of the Earthmoving segment, held the highest proportion of the construction equipment market in Belgium in 2021. The growth of the nation's logistics and transportation industries in 2021 is supported by an increase in government investment in warehouse and logistics infrastructure. Due to the expanding logistics and warehouse industries, there will be a large increase in demand for construction rental equipment in Belgium over the forecasted year. In Belgium, there are numerous construction rental equipment dealers who rent earthmoving, material handling, concrete, and road construction equipment. These dealers include Avant Machinery, HST BVBA, Loxam, Brussel Noord, and many others. The market for renting construction equipment is divided into three categories based on the type of equipment used: earth movement, material handling, and road building and concrete.Equipment used to spread, haul, dig, or move soil or other materials is referred to as "earth movement equipment." Excavators, loaders, dozers, and motor graders are a few of the machines that are regularly used to move or remove large amounts of soil, as well as to lay foundations and create landscapes. The amount of material to be moved, the type of soil already present, and compaction difficulties all play a significant role in the decision of which earthmoving machinery to use. Businesses that hire earthmoving equipment now have a chance because of the growing infrastructure investments being made to upgrade public and private infrastructures. The installation of earthmoving machinery involves large capital expenditures. In contrast, structural construction investment decreased by a certain percentage in 2020, while residential and infrastructure spending both decreased by more than 5 to 6%. The recovery will take longer, though, as growth in all three construction segments is only predicted to average 2.7% between 2021 and 2026. This economic expectation will be driven by infrastructure construction. Gradually, the market is running parallel for renting equipment for earthmoving, material handling, concrete, and road construction. COVID-19 impact: In Belgium, the construction rental equipment market is significantly affected by the pandemic because of lockdown issues and an increase in COVID cases. After the COVID pandemic, the market is bouncing back for construction rental equipment. Considered in this report • Geography: Belgium • Historic year: 2017 • Base year: 2022 • Estimated year: 2023 • Forecast year: 2028 Aspects covered in this report • Belgium Construction Rental market with its value and forecast along with its segments • Various drivers and challenges • On-going trends and developments • Top profiled companies • Strategic recommendation By equipment Type: • Earthmoving • Material handling • Concrete and road construction By Application Type: • Residential • Non residential • Others The approach of the report: This report consists of a combined approach of primary as well as secondary research. Initially, secondary research was used to get an understanding of the market and list out the companies that are present in the market. The secondary research consists of third-party sources such as press releases, and annual reports of companies, analyzing the government-generated reports and databases. After gathering the data from secondary sources primary research was conducted by making telephonic interviews with the leading players about how the market is functioning and then conducting trade calls with dealers and distributors of the market. Post this we have started doing primary calls to consumers by equally segmenting consumers into regional aspects, tier aspects, age groups, and gender. Once we have primary data with us we started verifying the details obtained from secondary sources. Intended audience This report can be useful to industry consultants, manufacturers, suppliers, associations & organizations related to the Construction Rental industry, government bodies, and other stakeholders to align their market-centric strategies. In addition to marketing & presentations, it will also increase competitive knowledge about the industry.