June 24, 2022 17:11 ET | Source: Arizton Advisory and Intelligence Arizton Advisory and Intelligence
Chicago, June 24, 2022 (GLOBE NEWSWIRE) -- According to Arizton’s latest research report, the Sweden construction market growing at a CAGR of 4.38% from 2022 to 2027. Investment in transport & infrastructure, a surge in demand for minerals, and the investment in wind power generation projects by the government to become a net-zero carbon economy are the major drivers in the Sweden construction equipment market.
Sweden Construction Equipment Market Report Scope
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Material handling equipment is used in construction, manufacturing, cargo handling, and mining industries. The rise in urbanization including the construction of airports, metro lines, roads, and highways is expected to support the high demand for material handling equipment. Investments in infrastructure, manufacturing, and cargo handling industries in Sweden had witnessed growth in 2021. Similarly, the growth in manufacturing and cargo handling industries is expected to boost the material handling market in Sweden. Material Handling accounted for 84.5% of the Sweden road construction equipment market in 2021.
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