Brazil Crawler Excavator Market - Strategic Assessment & Forecast 2021-2027

The Brazil crawler excavator market size was at 6,799 units in 2020 and is expected to reach 9,422 units by 2027, growing at a CAGR of 5.26%. In Brazil, the crawler excavator market is expected to generate solid revenue in the coming years due to the considerable expansion of the construction, mining, and oil & gas industries. The concessions model, in which firms and investors compete to invest in and run long-term projects, has become popular in Brazil's infrastructure development.​According to Brazil's Infrastructure minister, a US$50 billion investment in concession projects would result in a construction boom, developing the country's airways, roads, and railways by the end of 2022. Investors have spent over $10 billion on several projects, including a rail line connecting Brazil's east coast to the country's western agricultural interior, alongside multiple road projects, 5 ports, and 22 airports.​The use of construction equipment on a rental basis is also driving the market growth. This helps small and medium-sized businesses by allowing them to buy equipment on a trial basis, which is one of the key factors driving the need for crawler excavators in Brazil.

BRAZIL CRAWLER EXCAVATOR MARKET INSIGHTS

• Excavators used in the construction industry accounted for the largest market share of around 46.4%, followed by the mining industry with 20.7%.
• >201 HP gross power excavators accounted for the highest market share of around 63.0% in 2020.
• The government's ambitious economic strategy involves increasing infrastructure spending to over USD 65 billion per year by 2022, which will fuel the demand for the Brazil construction equipment industry. 
• Over the next few years, Brazil is anticipated to see steady development in green buildings. This prediction is based on the rapid growth of green certifications, which has resulted in a reasonably mature industry. 
• Medium excavators accounted for the largest share of around 39.2% because of their growing popularity.

BRAZIL CRAWLER EXCAVATOR MARKET - SEGMENTATION ANALYSIS

• Mini crawler excavators are majorly used in small construction activities in urban areas, as such equipment is compact and can be flexibly moved in small areas. The construction industry largely drives the demand for mini excavators in Brazil.
• Surface mining makes significant use of small or medium excavators. Strip mining operations to shift overburden above coal and tar-sand mining employ large excavators.
• Brazil’s 61hp-101hp crawler excavator market is expected to reach 707 units by 2027, growing at a CAGR of 4.51%.

KEY HIGHLIGHTS FROM THE REPORT

• By switching to intelligent systems driven by IoT and data analysis for service, networking, and sustainability, the crawler excavator industry is transitioning to a more innovative industry.
• In Brazil, the rental business is growing rapidly. With most OEMs offering rental services in this space, most of the rental equipment in Brazil is dominated by unorganized players in the Brazil crawler excavator industry. 
• A majority of OEMs have their manufacturing facilities in Brazil, so they rely primarily on local distributors and dealers for the sale of crawler excavators.

BRAZIL CRAWLER EXCAVATOR MARKET - VENDOR LANDSCAPE

Civil construction firms and heavy equipment manufacturers can close large contracts while contributing to the country's growth. Manufacturers are making operational advances in their excavator motors, hydraulic systems, structure, tracks, and cab construction to improve fuel efficiency and competitiveness. Heavy construction machines manufacturers introduce several machines with great fuel efficiency.

TARGET AUDIENCE

• Top-level management personnel of existing operators/vendors
• Potential new entrants to the market
• Consultants/consultancies/advisory firms
• Professional landscaping service providers/contractors
• Corporate and governments bodies

 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)
  • Excavator Type and Operating Weight
  • Application
  • Gross Power Output
• Value (USD)                                        
  • Excavator Type and Operating Weight
  • Application
  • Gross Power Output
• Gain competitive intelligence about the economic scenario, advantages in Brazil, major projects and investments, market dynamics, and share.
• Examples of 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 Brazil crawler excavator market share
• Complete supply chain analysis
• Get COVID-19 impact analysis of the industry.
• Company Profile of 15 major vendors

 KEY VENDORS

Key Vendors: Caterpillar, Komatsu, Hitachi, Sany, Volvo Construction Equipment, Kobelco, JCB, Hyundai, and Doosan

Other Prominent Vendors: LeeBoy, Sumitomo, Liebherr, XCMG, Kubota, and Ingersoll Rand