Benelux Metal Fabrication Equipment Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

The manufacturing sector accounts for nearly one-sixth of Belgium’s GDP. Manufacturing is an essential economic activity in the provinces of East Flanders, Limburg, and Hainaut. The corridor between Antwerp and Brussels also has emerged as a significant manufacturing zone, eclipsing the older industrial concentration in the Sambre-Meuse valley. Metallurgy, steel, textiles, chemicals, glass, paper, and food processing are the dominant industries. Belgium is one of the world’s leading processors of cobalt, radium, copper, zinc, and lead. Refineries, located principally in the Antwerp area, process crude petroleum. Antwerp is also known for diamond cutting and dealing. The Netherlands holds a strong position as a European manufacturing location for the North American companies. More than 450 North American companies have found a home in the Netherlands for manufacturing or assembly operations. It is also expected to grow in the coming future. Luxembourg is an all-around innovative engineering and technology base for the non-ferrous products sector and the glass and cement industries. Many companies that specialize in the materials have set up major production plants and highly sophisticated R&D centers in Luxembourg. International companies such as Avery Dennison, Euro-Composites, Guardian Glass, DuPont de Nemours, and many more propose a range of innovative and custom-made products and services to customers worldwide. Plastics mainly, the chemical industry, have been the thriving pillars of Luxembourg’s industrial sector. Due to fierce global competition, these industries are compelled to a constant process of innovation and productivity gains. Luxembourg’s business environment with highly qualified workers and the broad financial incentive encourages companies to persevere in their quest for competitiveness across the world.