Driving assessment

Latin America $5.06 Billion Construction Equipment Market Assessment and Forecast, 2021-2027

DUBLIN, March 17, 2022–(BUSINESS WIRE)–The “Latin America Construction Equipment Market – Strategic Assessment and Forecast 2021-2027” report has been added to from ResearchAndMarkets.com offer.

The Latin America Construction Equipment Market Size will be valued at USD 5065.5 Million and will reach a Volume of 137,748 Units by 2027, growing at a CAGR of 4.75% in Volume during the period 2021-2027.

The report discusses the current Latin America construction equipment market scenario and market dynamics for the forecast period 2021-2027. It covers a detailed overview of several growth catalysts, restraints, and market trends. The study includes sales volume and value with segment analysis of the Latin America construction equipment market.

Investment by governments in the development of public infrastructure such as roads, airports, ports and the energy sector is expected to bring strong growth to the construction equipment market in Latin America. Demand for construction equipment is strong in the region.

Contractors, mining companies and construction companies are the main customers of the equipment in the market. Rental companies such as Carlyle Group, Grupo Orguel and BigRentz hold a fair share of the market.

CONSTRUCTION EQUIPMENT MARKET OVERVIEW IN LATIN AMERICA

Rise in world commodity prices to positively stimulate the mining sector in Latin America. The increased demand for natural resources in recent years will have a positive impact on the demand for construction equipment used in the mining industry, such as excavators, loaders and cranes.

Demand for construction equipment is strong in the region. Contractors, mining companies and construction companies are the main consumers in the Latin American construction equipment rental market. Rental companies such as Carlyle Group, Grupo orguel and BigRentz have a fair share of the market.

REPORT KEY POINTS

Investments in renewable energy projects have increased across the region owing to the government’s program to achieve carbon neutrality targets by 2040, thereby driving the growth of the construction machinery market in Latin America. For example, in Chile, the government is creating a regulatory framework to allow the installation of large-scale electricity storage, which would allow the energy sector to be fully decarbonized.

Brazil and Mexico will witness high demand in the heavy construction equipment market in Latin America in 2021 due to increased investment in road redevelopment projects.

CONSTRUCTION EQUIPMENT MARKET SEGMENTATION IN LATIN AMERICA

The earthmoving equipment market in Latin America is expected to experience robust growth through 2027 owing to factors such as growth in the transportation sector with increasing public investment in highway, metro and road construction projects. airports.

The market share of forklifts is higher than that of 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 the port of Rio Grade do Sul, are planned for 2021 with an investment of USD 19.1 million by the Brazilian government.

VENDOR LANDSCAPE

Major 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 a large shovel SY215C to address the need for major construction projects and mining in the region.

WHY SHOULD YOU PURCHASE THIS REPORT?

This report is one of the few in the market to offer forecast analysis of prospects and opportunities in terms of:

  • Volume (Unit sales)

  • Type

  • Application

  • Countries

  • Value (USD)

  • Type

  • Application

  • Countries

  • Get a competitive intelligence on the economic scenario, advantages in Latin American countries, major projects and investments, dynamics and market share.

  • Examples of the latest technologies.

  • Get a presentation-ready format and easy-to-interpret data.

  • Enable decision makers to make informed and profitable choices

  • Get 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 market impact analysis

  • Company profile of 19 suppliers and distributors

Main suppliers

  • caterpillar

  • Liebherr

  • Komatsu

  • Volvo Construction Equipment

  • JCB

  • Xuzhou Construction Machinery Group Co., Ltd

  • SANY

  • John Deere

  • Hyundai construction equipment

  • Shantui construction machinery

  • bomag

  • Ammann

  • towards the sun

  • Yanmar

Profiles of key distributors

  • ADCOMA

  • Ibergruas

  • Golden Equipment Company

  • rentands

  • trabel

Main topics covered:

Chapter 1 – Presentation

  • Market overview

  • Abstract

Section 2 – Market Overview

Economic Scenario, Infrastructure Construction Projects in Latin America, PESTLE Analysis, Government Focus on Construction Projects, Key Economic Regions, Import/Export Analysis, Supply Chain Overview, Impact of COVID-19

Section 3- Technological Advances

Section 4 Market Dynamics

Section 5 – Latin America Construction Equipment (Type and Application)

5.1 Latin America Construction Equipment Market by Type (Volume and Value)

5.1.1. earthmoving equipment

  • Excavator

  • Backhoe loader

  • motor grader

  • Other earthmoving equipment (other loaders, bulldozer, trencher, etc.)

5.1.2. road construction equipment

5.1.3. Handling equipment

  • Crane

  • Forklift and telehandler

  • Aerial platform (articulated platforms, telescopic platforms, scissor lifts, etc.)

5.2 Latin America Construction Equipment Market by Application (Volume and Value)

5.3 Latin America Construction Equipment Market by Country (Volume and Value)

Section 6 – Competitive Landscape

  • Overview of the competitive landscape

  • Main suppliers (Caterpillar Brazil, Komatsu, Hyundai Construction Equipment, Volvo Construction Equipment, JCB International do Brasil Representacao Comercial Ltda, XCMG, SANY Group, John Deere Americas, Ammann Brazil, Sunward, Yanmar America, Shantui Brazil)

  • Distributor profile

Section 7 – Report Summary

  • key ideas

  • Abbreviations

  • List of exhibitions

Section 8 – Scope and definition of the report

For more information on this report, visit https://www.researchandmarkets.com/r/jcjmev

See the source version on businesswire.com: https://www.businesswire.com/news/home/20220317005607/en/

contacts

ResearchAndMarkets.com
Laura Wood, Senior Press Officer
[email protected]
For EST business hours, call 1-917-300-0470
For US/CAN call toll free 1-800-526-8630
For GMT office hours call +353-1-416-8900