June 28, 2022 16:15 ET | Source: Arizton Advisory and Intelligence Arizton Advisory and Intelligence
Chicago, June 28, 2022 (GLOBE NEWSWIRE) -- According to Arizton’s latest research report, the Portugal construction equipment market is expected to grow at a CAGR of 5.21% during 2022-2028. In Portugal, the mining industry is expected to boom. The mining industry is expected to reach 1,439 units by 2028, growing at a CAGR of 3.22%.
Portugal Data Center Market Report Scope
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Growth in Recycle & Waste Management Industries Supports the Demand for Medium Size Excavators
Excavators are used for handling waste for recycling purpose. With the rise of recycling & waste management activities across the region, the demand for medium size excavator has increased. Hitachi Construction Machinery (HCE) introduced ZX300LCN-6 excavator in Portugal market for recycling work.
The excavators are replacing wheel loaders in Portugal market for recycling & waste management processes. Due to surge in recycling activities major OEMs such as Caterpillar, Kobelco & Volvo Construction equipment have also focused on introducing medium sized light weight excavator in Portugal market.
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