Latin America $ 5.06 billion Construction Equipment Markets Assessment and Forecast, 2021-2027

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Latin America $ 5.06 billion Construction Equipment Markets Assessment and Forecast, 2021-2027

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

The size of the construction equipment market in Latin America will be valued at $ 5065.5 million and will reach a volume of 137,748 units by 2027, growing at a CAGR of 4.75% by volume over the period 2021-2027.

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

Government investment in the development of public infrastructure such as roads, airports, ports and in the energy sector is expected to bring strong growth to the construction machinery market in Latin America. There is a strong demand for construction machinery in the region.

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

INSIGHTS ON THE MARKET FOR BUILDING EQUIPMENT IN LATIN AMERICA

Global commodity price rise to positively drive the Latin American mining sector. 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.

There is a strong demand for construction machinery in the region. Contractors, mining and construction companies are the main 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.

MAIN HIGHLIGHTS OF THE REPORT

Investments in renewable energy projects have increased across the region due to the government’s agenda to meet carbon neutrality goals by 2040, thus driving growth in the construction machinery market in Latin America. For example, in Chile, the government is creating a regulatory framework to allow for the installation of large-scale energy storage systems, which would allow for the complete decarbonisation of the energy sector.

Brazil and Mexico will have strong demand in the heavy construction machinery market in Latin America in 2021 due to increased investments in road upgrading projects.

SEGMENTATION OF THE BUILDING EQUIPMENT MARKET IN LATIN AMERICA

The Latin American earthmoving equipment market is expected to witness robust growth through 2027 due to factors such as growth in the transportation sector with increased government investment in highway, subway and subway construction projects. airports.

The market share of forklifts 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, are planned for 2021 with an investment of $ 19.1 million from the Brazilian government.

SUPPLIER LANDSCAPE

The main suppliers in the construction machinery market in Latin America are Caterpillar, Liebherr, Komatsu, Volvo Construction Equipment, JCB, Xuzhou Construction Machinery Group Co., Ltd., SANY, etc.

In 2021, SANY launched a large SY215C excavator to meet the need for high-rise construction and mining projects in the region.

WHY BUY THIS REPORT?

This report is among the few on the market that offers forecasts of analysis of perspectives and opportunities in terms of:

  • Volume (unit sales)

  • Guy

  • Application

  • Villages

  • Value (USD)

  • Guy

  • Application

  • Villages

  • Get competitive information on the economic scenario, benefits in Latin American countries, large projects and investments, dynamics and market shares.

  • 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 of Latin America Construction Equipment Market Share Value / Volume Growth Projections

  • Complete analysis of the supply chain

  • Get the analysis of the impact of COVID-19 on the market

  • Company profile of 19 suppliers and distributors

Great suppliers

  • caterpillar

  • Liebherr

  • Komatsu

  • Volvo construction machinery

  • JCB

  • Xuzhou Construction Machinery Group Co., Ltd

  • SANY

  • John Deere

  • Hyundai construction equipment

  • Shantui construction machinery

  • bomag

  • Ammann

  • towards the sun

  • Yanmar

Key distributor profiles

  • ADCOMA

  • Ibergruas

  • Gold equipment company

  • rentals

  • Tracbel

Key topics covered:

Section 1 – Introduction

  • Snapshot of the market

  • Synthesis

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 Analysis, COVID-19 Impact

Section 3 – Technological Advances

Section 4 Market dynamics

Section 5 – Construction machinery for Latin America (type and application)

5.1 Market in Latin America Construction equipment by type (volume and value)

5.1.1. Earth moving equipment

  • Excavator

  • Backhoe excavator

  • Motor grader

  • Other earthmoving equipment (other loaders, bulldozers, trenchers, etc.)

5.1.2. Road construction equipment

5.1.3. Material handling equipment

  • Skull

  • Forklift and telescopic handler

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

5.2 Market in Latin America Construction equipment by application (volume and value)

5.3 Market in Latin America Building construction equipment by country (volume and value)

Section 6 – Competitive landscape

  • Competitive landscape overview

  • 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 insights

  • Abbreviations

  • List of exhibitions

Section 8 – Scope and definition of the relationship

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

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

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