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The Latin America construction equipment market size will be valued at USD 5065.5 million and to reach a volume of 137,748 units by 2027, growing at a CAGR of 4.75% by volume during 2021-2027.Speak directly to the analyst to clarify any post sales queries you may have.
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 Latin America. There is robust demand for construction equipment in the region. Contractors, mining, and construction companies are the major customers of the equipment in the market. Rental companies such as Carlyle Group, Grupo Orguel and BigRentz are having fair share in the market.
LATIN AMERICA CONSTRUCTION EQUIPMENT MARKET INSIGHTS
- Upsurge in global commodities price to positively drive Latin America 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.
- There is robust demand for construction equipment in the region. Contractors, mining, and construction companies are the major consumers of the Latin American construction equipment rental market. Rental companies such as Carlyle Group, Grupo orguel, and BigRentz have a fair share in the market.
KEY HIGHLIGHTS IN THE REPORT
- Investment in renewable energy projects has risen across the region due to the government’s agenda of achieving the carbon-neutral goals by 2040, thus driving growth for the Latin America construction machinery market. For instance, in Chile, the government is creating a regulatory framework to enable the installation of power storage on a large scale, which would allow the energy sector to be fully decarbonized.
- Brazil and Mexico will have high demand in the Latin America heavy construction equipment market in 2021 due to increased investment in road redevelopment projects.
LATIN AMERICA CONSTRUCTION EQUIPMENT MARKET SEGMENTATION
- Latin America's earthmoving equipment market is projected to witness robust growth through 2027 owing to the factors such as growth in the transportation sector with the boost in government investment towards the highway, metro and airports construction projects.
- Forklifts' market share is higher than other material handling equipment such as cranes in the Brazilian market. Various port development projects, such as the development of port terminals in Sao Luis and Rio Grade do Sul port, are planned for 2021 with an investment of USD 19.1 million by the Brazilian government.
Market Segmentation by Moving Equipment
- Earth Moving Equipment
- Excavator
- Backhoe Loader
- Motor Grader
- Other Earth Moving Equipment
- Road Construction Equipment
- Asphalt Paver
- Road Roller
- Material Handling Equipment
- Crane
- Forklift and Telescopic Handler
- Arial Platforms (articulated boom lifts, telescopic boom lifts, scissor lifts, etc)
Market Segmentation by Application
- Construction
- Manufacturing
- Mining
- Others
Market Segmentation by Countries
- Brazil
- Argentina
- Mexico
- Columbia
- Other Latin America Countries
VENDOR LANDSCAPE
- The key vendors in the Latin America construction equipment market are Caterpillar, Liebherr, Komatsu, Volvo Construction Equipment, JCB, Xuzhou Construction Machinery Group Co., Ltd., SANY, etc.
- In 2021, SANY has launched an SY215C large excavator to cater to the need for high construction and mining projects in the region.
Major Vendors
- Caterpillar
- Liebherr
- Komatsu
- Volvo Construction Equipment
- JCB
- Xuzhou Construction Machinery Group Co., Ltd
- SANY
- John Deere
- Hyundai Construction Equipment
- Shantui Construction Machinery
- Bomag
- Ammann
- Sunward
- Yanmar
Key Distributor Profiles
- ADCOMA
- Ibergruas
- Golden Equipment company
- Rentandes
- Tracbel
WHY SHOULD YOU BUY THIS REPORT?
This report is among the few in the market that offers outlook and opportunity analysis forecast in terms of:
- Volume (Unit sales)
- Type
- Application
- Countries
- Value (USD)
- Type
- Application
- Countries
- Gain competitive intelligence about the economic scenario, advantages in Latin American countries, major projects and investments, dynamics, and market share.
- Examples of the latest technologies.
- Get presentation-ready format and easy-to-interpret data.
- Enable decision-makers to make informed and profitable choices
- Gain expert quantitative and qualitative analysis on value/volume growth projections of the Latin America construction equipment market share
- Complete supply chain analysis
- Get COVID-19 impact analysis of the market
- Company Profile of 19 vendors and distributors
KEY QUESTIONS ANSWERED:
1. What is the size of the Latin America construction equipment market?
2. What are the latest technologies in the Latin America construction machinery market?
3. Who are the key players in the Latin America construction equipment industry?
4. What are the factors driving the growth of the Latin American construction equipment market?
5. What are the different types of construction equipment covered in the report?
Table of Contents
Section 1 - Introduction
Section 2 - The Market Overview
Section 3- Technological Advancements
Section 4 Market Dynamics
Section 5 - Latin America Construction Equipment (Type & Application)
Section 6 - Competitive Landscape
Section 7 - Report Summary
Section 8 - Report Scope & Definition
LIST OF EXHIBITS
LIST OF TABLES
Companies Mentioned
- Caterpillar
- Liebherr
- Komatsu
- Volvo Construction Equipment
- JCB
- Xuzhou Construction Machinery Group Co., Ltd
- SANY
- John Deere
- Hyundai Construction Equipment
- Shantui Construction Machinery
- Bomag
- Ammann
- Sunward
- Yanmar
- ADCOMA
- Ibergruas
- Golden Equipment company
- Rentandes
- Tracbel
Methodology
Our research comprises a mix of primary and secondary research. The secondary research sources that are typically referred to include, but are not limited to, company websites, annual reports, financial reports, company pipeline charts, broker reports, investor presentations and SEC filings, journals and conferences, internal proprietary databases, news articles, press releases, and webcasts specific to the companies operating in any given market.
Primary research involves email interactions with the industry participants across major geographies. The participants who typically take part in such a process include, but are not limited to, CEOs, VPs, business development managers, market intelligence managers, and national sales managers. We primarily rely on internal research work and internal databases that we have populated over the years. We cross-verify our secondary research findings with the primary respondents participating in the study.
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