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South America Construction Equipment Market Outlook 2027

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    Report

  • 97 Pages
  • August 2022
  • Bonafide Research
  • ID: 5206735
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In the South America region, there is robust demand for construction equipment. Contractors, mining, and construction companies are the major consumers of the South American construction equipment rental market. Rental companies such as Carlyle Group, Grupo Orguel, and BigRentz have a fair share of the market. An upsurge in global commodities prices is expected to positively drive South America's mining sector. Enhanced demand for natural resources in recent years will positively impact demand for construction equipment used in the mining industry, such as excavators, loaders, and cranes. Apart from this, the major market drivers in the South America region are the recovery in the construction industry, the surge in private-public partnerships, and rapid urbanization.

According to the recently published report titled South America Construction Equipment Market Outlook, 2027, the South American construction equipment market has recorded a tremendous market size of around USD 9 billion, which is anticipated to expand at more than 6.5% CAGR for 2022-2027. In terms of construction, infrastructural development and the construction of new roadways are expected to drive the market in the region. In addition to that, the marketers are now focusing on designing compact high-performance models with more fuel efficiency. The prominent players have introduced advanced heavy construction equipment, which adheres to the government norms and caters to the demand from these end-users. The governments' investment in developing public infrastructures such as roads, airports, ports, and the energy sector is expected to bring strong growth to the construction equipment market in South America. There is a robust demand for construction equipment in the region. Contractors, mining, and construction companies are the major customers of the equipment in the market.

The growth of the South American vehicle market is supported by the introduction of low-emission and energy-efficient models. The heavy equipment market's growth is restrained by the fluctuation in oil prices, increased carbon footprints, and the weak economic conditions in South America. On account of an individual country's accountability, Brazil dominates the market for construction equipment, with no disputes from the other countries. The collection of the smaller countries considered together amounts to more than Brazil, while countries like Argentina and Colombia are expected to show a decline in the market share in the forecasted period. The application of earth moving equipment dominates the market, owing to the constantly improving needs of residential and commercial buildings, which are supported by infrastructural development, which attracts many private investments. While earth-moving machinery is expected to decline in market share, material handling machinery is to grow too, with the highest difference.

A steady increase in the market can be owed to the increase in developments in infrastructure, majorly in the construction and renovations of the existing road transport systems in the region. As the demand for technologically advanced equipment has picked up a pace around the region, the market is known to be prone to various challenges, which have emerged as a hurdle in the way of growth. The major challenges in the regional market are interlinked and giving way to one another, like the high initial cost of the machinery, which has made the end users move towards the purchase of used equipment. Despite these obstacles, rapid urbanization and an understanding of the economic impact of poor road connectivity have been major drivers of market growth. Extensive R&D activities conducted by equipment manufacturers are expected to enable the development of low-cost machines with better fuel efficiency and lower carbon emissions.

A recovering and steadily growing construction industry combined with increased support from extraction services provides the basis for the demand for mining and construction equipment. Gross output for machines for mining and construction declined heavily in 2015 and 2016, but started to rebound in 2017 and 2018. The market is expected to remain stable or slightly decline in 2019, though output in Brazil is expected to increase. The region has proven to be an attractive field for companies planning to expand and solidify their operations and market outreach. The importance of having a consistent and engaged presence based on long-term growth is often crucial.

COVID-19 Impacts:

A shortage of labor coupled with the increasing costs associated with it is adding to the construction equipment industry in South America. The outburst of a global pandemic has negatively impacted the growth of the market-leading disrupting the supply chain. The lockdown in various countries led to the shutting down of manufacturing and business units, further slowing the development of the industry. While being one of the worst hit regions by the COVID-19 pandemic, South America strikes back from the economic crisis, with infrastructural development seen as a way to optimize the economy and thus the market value, rising at an exponential growth rate during the forecast period.

Major companies present in the market

Caterpillar Private Limited, CNH Industrial, Doosan Infracore, Epiroc Construction Machinery Co. Ltd, Hitachi Construction Machinery Co. Ltd, J C Bamford Excavators Ltd, John Deere Ltd, Kobe Steel Ltd, Komatsu Ltd., Kubota Corporation, Liebherr Group, Metso Corporation, Sandvik Mining And Rock Technology, Sany Group, Terex Corporation, Volvo Construction Equipments, XCMG Ltd., Zoomlion Co. Ltd

Considered In the Report

  • Geography: South America
  • Base year: 2021
  • Historical year: 2016
  • Estimated year: 2022
  • Forecasted year: 2027

Countries covered:

  • Brazil
  • Argentina
  • Columbia

Aspects Covered In the Report

  • Market Size By Value for the historic time period (2016-2021)
  • Market Size By Value for the forecast time period (2021-2027)
  • Market Share by Application (2016, 2021 & 2027F)
  • Market Share by Equipments (2016, 2021 & 2027F)
  • Market Share by Country (2016, 2021 & 2027F)
  • Market Share by Company (2021)

Segments covered in the Report

By Application

  • Earth Moving Machinery
  • Material Handling Machinery
  • Concrete and road construction Machinery
  • Other Machinery

By Earth Moving Machinery

  • Excavators
  • Loaders
  • Dozers
  • Motor Graders

By Material Handling Machinery

  • Dumper /Dump Truck/ Tippers
  • Cranes (Tower Crane, Mobile Crane)
  • Telescopic Handlers
  • Forklift

By Concrete and Road Construction Machinery

  • Cement/Transit mixers
  • Compactors & Road Rollers
  • Pavers/Asphalt Finishers
  • Others

Intended Audience

This report can be useful to industry consultants, manufacturers, suppliers, associations & organizations related to the construction machinery and excavator 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.

Table of Contents

1. Executive Summary2. Report Methodology
3. Market Structure
3.1. Market Considerate
3.2. Market Definition
4. Economic /Demographic Snapshot
5. Global Construction Equipments Market Outlook
5.1. Market Size By Value
5.2. Market Share
5.2.1. By Region
5.2.2. By Country
5.2.3. By Company
5.2.4. By Application
6. Global Earth Moving Machinery Market Outlook
6.1. Market Size By Value
6.2. Market Share
6.2.1. By Region
6.2.2. By Equipments
7. Global Material Handling Machinery Market Outlook
7.1. Market Size By Value
7.2. Market Share
7.2.1. By Region
7.2.2. By Equipments
8. Global Concrete and Road Construction Machinery Market Outlook
8.1. Market Size By Value
8.2. Market Share
8.2.1. By Region
8.2.2. By Equipments
9. South America Construction Equipments Market Outlook
9.1. Market Size By Value
9.2. Market Share
9.2.1. By Country
9.2.2. By Application
9.2.3. By Equipments
9.3. South America Earth Moving Machinery Market Outlook
9.3.1. Market Size By Value By Country
9.3.2. Market Share By Equipments
9.4. South America Material Handling Machinery Market Outlook
9.4.1. Market Size By Value By Country
9.4.2. Market Share By Equipments
9.5. South America Concrete and Road Construction Machinery Market Outlook
9.5.1. Market Size By Value By Country
9.5.2. Market Share By Equipments
9.6. Brazil Construction Equipments Market Outlook
9.6.1. Market Size By Applications
9.6.2. Market Share By Equipments
9.6.3. Brazil Earth Moving Machinery Market Outlook
9.6.3.1. Market Size By Value
9.6.3.2. Market Share By Equipments
9.6.4. Brazil Material Handling Machinery Market Outlook
9.6.4.1. Market Size By Value
9.6.4.2. Market Share By Equipments
9.6.5. Brazil Concrete and Road Construction Machinery Market Outlook
9.6.5.1. Market Size By Value
9.6.5.2. Market Share By Equipments
9.7. Argentina Construction Equipments Market Outlook
9.7.1. Market Size By Applications
9.7.2. Market Share By Equipments
9.7.3. Argentina Earth Moving Machinery Market Outlook
9.7.3.1. Market Size By Value
9.7.3.2. Market Share By Equipments
9.7.4. Argentina Material Handling Machinery Market Outlook
9.7.4.1. Market Size By Value
9.7.4.2. Market Share By Equipments
9.7.5. Argentina Concrete and Road Construction Machinery Market Outlook
9.7.5.1. Market Size By Value
9.7.5.2. Market Share By Equipments
9.8. Columbia Construction Equipments Market Outlook
9.8.1. Market Size By Applications
9.8.2. Market Share By Equipments
9.8.3. Columbia Earth Moving Machinery Market Outlook
9.8.3.1. Market Size By Value
9.8.3.2. Market Share By Equipments
9.8.4. Columbia Material Handling Machinery Market Outlook
9.8.4.1. Market Size By Value
9.8.4.2. Market Share By Equipments
9.8.5. Columbia Concrete and Road Construction Machinery Market Outlook
9.8.5.1. Market Size By Value
9.8.5.2. Market Share By Equipments
10. Market Dynamics
10.1. Market Drivers
10.2. Market Challenges
11. Market Trends and Developments
12. Company Profiles
12.1. Caterpillar Private Limited
12.2. CNH Industrial
12.3. Doosan Infracore
12.4. Epiroc Construction Machinery Co. Ltd
12.5. Hitachi Construction Machinery Co. Ltd
12.6. J C Bamford Excavators Ltd
12.7. John Deere Ltd
12.8. Kobe Steel Ltd
12.9. Komatsu Ltd.
12.10. Kubota Corporation
12.11. Liebherr Group
12.12. Metso Corporation
12.13. Sandvik Mining And Rock Technology
12.14. Sany Group
12.15. Terex Corporation
12.16. Volvo Construction Equipments
12.17. XCMG Ltd.
12.18. Zoomlion Co. Ltd.
13. Strategic Recommendations14. Disclaimer
List of Figures
Figure 1: Global Construction Equipments Market Size By Value 2016 to 2027F(In USD Billion)
Figure 2: Global Construction Equipments Market Share By Application (2016, 2021 & 2027F)
Figure 3: Global Earth Moving Machinery Market Size By Value 2016 to 2027F (In USD Billion)
Figure 4: Global Earth Moving Machinery Market Share By Equipments (2016, 2021 & 2027F)
Figure 5: Global Material Handling Machinery Market Size By Value 2016 to 2027F (In USD Billion)
Figure 6: Global Material Handling Machinery Market Share By Equipments (2016, 2021 & 2027F)
Figure 7: Global Concrete and Road Construction Machinery Market Size By Value 2016 to 2027F (In USD Billion)
Figure 8: Global Concrete and Road Construction Machinery Market Share By Equipments (2016, 2021 & 2027F)
Figure 9: South America Construction Equipments Market Size By Value 2016 to 2027F (In USD Billion)
Figure 10: South America Construction Equipments Market Share By Application (2016, 2021 & 2027F)
Figure 11: South America Construction Equipments Market Share By Equipments (In USD Billion)
Figure 12: South America Earth Moving Machinery Market Share By Equipments (2016, 2021 & 2027F)
Figure 13: South America Material Handling Machinery Market Share By Equipments (2016, 2021 & 2027F)
Figure 14: South America Concrete and Road Construction Machinery Market Share By Equipments (2016, 2021 & 2027F)
Figure 15: Market Attractiveness Index, 2021
Figure 16: Market Attractiveness Index, 2027F
List of Tables
Table 1: Top 10 Counties Economic Snapshot 2020
Table 2: Economic Snapshot of Other Prominent Countries 2020
Table 3: Average Exchange Rates for Converting Foreign Currencies into U.S. Dollars
Table 4: Global Construction Equipments Market Share By Region (2016, 2021 & 2027F)
Table 5: Global Construction Equipments Market Share By Country (2021)
Table 6: Global Construction Equipments Market Share By Company (2021)
Table 7: Global Earth Moving Machinery Market Share By Region (2016, 2021 & 2027F)
Table 8: Global Material Handling Machinery Market Share By Region (2016, 2021 & 2027F)
Table 9: Global Concrete and Road Construction Machinery Market Share By Region (2016, 2021 & 2027F)
Table 10: South America Construction Equipments Market Share By Country (2016, 2021 & 2027F)
Table 11: Brazil Construction Equipments Market Size By Applications (2016, 2021&2027F)
Table 12: Brazil Construction Equipments Market Share By Equipments 2016 to 2027F (In USD Billion)
Table 13: Brazil Earth Moving Machinery Market Size By Value 2016 to 2027F (In USD Billion)
Table 14: Brazil Earth Moving Machinery Market Share By Equipments 2016 to 2027F (In USD Billion)
Table 15: Brazil Material Handling Machinery Market Size By Value 2016 to 2027F (In USD Billion)
Table 16: Brazil Material Handling Machinery Market Share By Equipments 2016 to 2027F (In USD Billion)
Table 17: Brazil Concrete and Road Construction Machinery Market Size By Value 2016 to 2027F (In USD Billion)
Table 18: Brazil Concrete and Road Construction Machinery Market Share By Equipments 2016 to 2027F (In USD Billion)
Table 19: Argentina Construction Equipments Market Size By Applications (2016, 2021&2027F)
Table 20: Argentina Construction Equipments Market Share By Equipments 2016 to 2027F (In USD Billion)
Table 21: Argentina Earth Moving Machinery Market Size By Value 2016 to 2027F (In USD Billion)
Table 22: Argentina Earth Moving Machinery Market Share By Equipments 2016 to 2027F (In USD Billion)
Table 23: Argentina Material Handling Machinery Market Size By Value 2016 to 2027F (In USD Billion)
Table 24: Argentina Material Handling Machinery Market Share By Equipments 2016 to 2027F (In USD Billion)
Table 25: Argentina Concrete and Road Construction Machinery Market Size By Value 2016 to 2027F (In USD Billion)
Table 26: Argentina Concrete and Road Construction Machinery Market Share By Equipments 2016 to 2027F (In USD Billion)
Table 27: Columbia Construction Equipments Market Size By Applications (2016, 2021&2027F)
Table 28: Columbia Construction Equipments Market Share By Equipments 2016 to 2027F (In USD Billion)
Table 29: Columbia Earth Moving Machinery Market Size By Value 2016 to 2027F (In USD Billion)
Table 30: Columbia Earth Moving Machinery Market Share By Equipments 2016 to 2027F (In USD Billion)
Table 31: Columbia Material Handling Machinery Market Size By Value 2016 to 2027F (In USD Billion)
Table 32: Columbia Material Handling Machinery Market Share By Equipments 2016 to 2027F (In USD Billion)
Table 33: Columbia Concrete and Road Construction Machinery Market Size By Value 2016 to 2027F (In USD Billion)
Table 34: Columbia Concrete and Road Construction Machinery Market Share By Equipments 2016 to 2027F (In USD Billion)
Table 35: Key Facts of Caterpillar Private Limited
Table 36: Key Facts of CNH Industrial
Table 37: Key Facts of Doosan Infracore
Table 38: Key Facts of Epiroc Construction Machinery Co. Ltd
Table 39: Key Facts of Hitachi Construction Machinery Co. Ltd
Table 40: Key Facts of J C Bamford Excavators Ltd
Table 41: Key Facts of John Deere Ltd
Table 42: Key Facts of Kobe Steel Ltd
Table 43: Key Facts of Komatsu Ltd.
Table 44: Key Facts of Kubota Corporation
Table 45: Key Facts of Liebherr Group
Table 46: Key Facts of Metso Corporation
Table 47: Key Facts of Sandvik Mining And Rock Technology
Table 48: Key Facts of Sany Group
Table 49: Key Facts of Terex Corporation
Table 50: Key Facts of Volvo Construction Equipments
Table 51: Key Facts of XCMG Ltd.
Table 52: Key Facts of Zoomlion Co. Ltd.

Companies Mentioned (Partial List)

A selection of companies mentioned in this report includes, but is not limited to:

  • Caterpillar Inc.
  • CNH Industrial
  • Doosan Infracore
  • Hitachi Construction Machinery
  • JCB Ltd.
  • Komatsu Ltd.
  • Terex Corporation