PUBLISHED DATE : Apr 2022 | Pages : 107
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Colombia Construction Equipment Market Research Report includes segments by
107 Pages
15 Tables
61 Charts
1 Regions
1 Countries
17 Companies
2 Market Segment
| Report Attribute | Details |
|---|---|
| MARKET SIZE (REVENUE) | USD 552 Million (2028) |
| MARKET SIZE (VOLUME) | 10,662 Unit Sales (2028) |
| CAGR (VOLUME) | 6.72% (2028) |
| HISTORIC YEAR | 2019-2020 |
| BASE YEAR | 2021 |
| FORECAST YEAR | 2022-2028 |
| TYPE | Earth Moving Equipment (Excavator, Backhoe Loader, Motor Grader, and Other Earth Moving Equipment), Material Handling Equipment (Crane, Forklift & Telescopic Handler, Arial Platforms (Articulated Boom Lifts, Telescopic Boom Lifts, Scissor Lifts, etc.) and Road Construction Equipment (Asphalt Paver and Road Roller) |
| END-USERS | Construction, Manufacturing, Mining, and Others |
| KEY VENDORS | Caterpillar, Volvo Construction Equipment, Komatsu, SANY, JCB, Liebherr, XCMG, Hitachi, Hyundai |
Colombia construction equipment market is expected to grow at a CAGR of over 7% from 2022 to 2027, to reach $552 billion by 2028 from $344 billion in 2021. In terms of sales, the Colombia construction equipment market is expected to reach 10,662 units by 2028 growing at a CAGR of 6.72% during the forecast period (2022-2028). In 2021, the earthmoving segment had the largest share due to rising investment in Colombia's housing, public infrastructure, and mining projects.
The Colombian government’s social interest housing scheme to provide affordable housing for economically weaker sections was highly successful in 2021. According to the Colombian Chamber of construction social interest housing scheme is expected to have a 10% higher demand in 2022.
The government allocated USD 5.7 billion to develop highways, railway lines, airport up-gradation, and the construction of a new canal in 2021. A surge in government investment for redevelopment projects in cities like Bogota, Barranquilla, Cartagena, and Medellin triggers the demand for backhoe loaders & excavators less than 16 tons in the Colombian market due to their flexible use and compact size.
Growth in the mining industry due to an increase in commodities prices such as gold, nickel, copper, and Iron prompts investments in mining projects. Spike in mining production is expected to support the demand for excavators, backhoe loaders, and cranes.
Colombia has located a strategically important position within Latin America. The country shares a large portion of the Amazon Forest with Brazil and Peru which provides abundant natural resources such as gold, copper, and nickel. According to an IMF report, Colombia is the fastest growing economy (4.5%) in the region in 2022.
Colombia has excellent trade relations with major economies such as the US, China, Mexico, and Brazil due to its free trade agreements. The country provides 12 free trade zones for supporting business activities across the nation. The government initiatives of providing tax incentives and bureaucratic simplification attracts foreign investments.
Colombian government introduced a 5G infrastructure development program in 2021. The government plans to invest in road infrastructure (~60 billion), airport expansion projects (USD 5.7 billion), railways infrastructure (USD 3.4 billion), and port Infrastructure (USD 433 million) in 2022.
In 2022, the Government made a fresh set of investments of USD 955.7 million for the development of new highways between Sabana de Torres & Curumani, Purerto Salgar & Barrancabermeja, and road development projects between Buenaventura & Buga as well as Sabtuario & Cano Alegre.
Earthmoving Equipment:
Road Construction Equipment
Material Handling Equipment
End Users
Frequently Asked Questions
WHAT IS THE GROWTH RATE OF THE CONSTRUCTION EQUIPMENT MARKET IN COLOMBIA?
The growth rate of the Colombia Construction Equipment Market is 6.72% in the forecast period.
WHO ARE THE KEY PLAYERS IN THE COLOMBIA CONSTRUCTION MACHINERY MARKET?
Caterpillar, Komatsu Colombia S.A.S, Volvo Construction Equipment, JCB, Xuzhou Construction Machinery Group Co. Ltd. (XCMG), SANY, Kobelco, LiuGoung, Yanmar, Hyundai Construction Equipment, CASE & Terex Corporation.
WHAT ARE THE MARKET OPPORTUNITIES FOR NEW ENTRANTS IN THE COLOMBIA CONSTRUCTION EQUIPMENT INDUSTRY?
The demand for construction equipment equipped with automation, IoT, remote sensing technology is growing due to high investment in housing, mining, and infrastructure projects across the country. The technologies support the completion of projects on time with precision.
WHAT ARE THE NEW INDUSTRY TRENDS IMPACTING THE GROWTH OF THE COLOMBIA CONSTRUCTION EQUIPMENT MARKET?
Government plans for affordable housing, the surge in infrastructure investments, and various construction project triggers the demand for fuel-efficient, flexible, and low maintenance equipment such as backhoe loader, excavators, road rollers, and forklifts in the Colombian market.
Major equipment types in Material Handling, Earthmoving & Road Construction were Forklifts & telescopic handlers (58.9%), Excavators (43%), and Road Rollers (73.4%) respectively in 2021. Earthmoving and material handling were having a higher share due to various government investments in infrastructure, mining, and port development projects in 2021.
Civil engineering activities such as the construction of railways, airports,s, and roadways in Colombia are growing due to increased government investments in transport and infrastructure development projects which are expected to drive the demand for construction equipment in the market. Colombia's government has planned to invest USD 5.8 billion in the development of airports, highways, and railways.
Base Year: 2021
Forecast Year: 2022-2027
Scope: The report considers the present scenario of the Colombia construction equipment market and market dynamics for the forecast period 2022−2028. It covers a detailed overview of several growth enablers, restraints, and trends in the market. The study includes the volume and value sales with a segment analysis of the Colombia construction equipment market.
Key Vendors
Other Prominent Vendors
Distributor Profiles
Market Segmentation by Type
Market Segmentation by Application
Section 1 Introduction
1.1 Market Snapshot
1.2 Executive Summary
Section 2 Market Overview
Section 3 Market Landscape
3.1 Colombia Construction Equipment Market by Type (Volume & Value)
3.1.1 Earthmoving Equipment
3.1.1.1 Excavators
3.1.1.2 Backhoe Loaders
3.1.1.3 Motor Graders
3.1.1.4 Other Earthmoving Equipment (Other Loaders, Bulldozer, Trencher, etc.)
3.1.2 Material Handling Equipment
3.1.2.1 Cranes
3.1.2.2 Forklift and Telescopic Handler
3.1.2.3 Aerial Platform (Articulated Boom lifts, Telescopic Boom lifts, Scissor Lifts, etc)
3.1.3 Road Construction Equipment
3.1.3.1 Road Roller
3.1.3.2 Asphalt Paver
3.2 Colombia Construction Equipment Market by End User (Volume & Value)
3.2.1 Construction
3.2.2 Manufacturing
3.2.3 Mining
3.2.4 Others (Power Generation, Utilities Municipal Corporations, Oil & Gas, Cargo Handling, Power Generation Plants, Waste Management, etc.)
Section 4 Market Dynamics
Section 5 Technological Development
Section 6 Competitive Landscape
Section 7 Quantitative Summary
Section 8 Report Summary
Section 9 Report Scope & Definition
LIST OF EXHIBITS
Graph-1 Colombia Construction Equipment Market By Volume 2019-2028 (Unit Sales)
Graph-2 Construction Equipment Market In Colombia By Type, 2021 (% Volume Share)
Graph-3 Colombia Construction Equipment Market By Volume, 2019-2028 (Unit Sales)
Graph-4 Colombia Construction Equipment Market By Value, 2019-2028 ($ MN)
Graph-5 Colombia Construction Equipment Market by End User, 2021 (%)
Graph-6 Colombia Construction Equipment Market by Type, 2019-2028 (Unit Sales)
Graph-7 Colombia GDP, 2015-2020 ($ BN)
Graph-8 Regions In Colombia Share of GDP 2020 (% Share)
Graph-9 Foreign Direct Investment, Net Inflow, 2015-2019 ($ BN)
Graph-10 Colombia Construction Equipment Market by Type, 2019-2028 (Unit Sales)
Graph-11 Colombia Construction Equipment Market by Type 2021 (% Volume Share)
Graph-12 Colombia Construction Equipment Market by End User, 2019- 2028 (Unit Sales)
Graph-13 Colombia Earthmoving Equipment Market, 2019–2028 (Unit Sales)
Graph-14 Colombia Earthmoving Equipment Market, 2019–2028 ($ MN)
Graph-15 Colombia Excavator Market, 2019–2028 (Unit Sales)
Graph-16 Colombia Excavator Equipment Market, 2019–2028 ($ MN)
Graph-17 Colombia Backhoe Loader Market, 2019–2028 (Unit Sales)
Graph-18 Colombia Backhoe Loader Equipment Market, 2019–2028 ($ MN)
Graph-19 Colombia Motor Grader Market, 2019–2028 (Unit Sales)
Graph-20 Colombia Motor Grader Market, 2019–2028 ($ MN)
Graph-21 Colombia Other Earthmoving Equipment Market, 2019–2028 (Unit Sales)
Graph-22 Colombia Other Earthmoving Equipment Market, 2019–2028 ($ MN)
Graph-23 Colombia Material Handling Equipment Market, 2019–2028 (Unit Sales)
Graph-24 Colombia Material Handling Equipment Market, 2019–2028 ($ MN)
Graph-25 Colombia Crane Market, 2019–2028 (Unit Sales)
Graph-26 Colombia Crane Market, 2019–2028 ($ MN)
Graph-27 Colombia Forklift and Telescopic Handler Market, 2019–2028 (Unit Sales)
Graph-28 Colombia Forklift and Telescopic Handler Market, 2019–2028 ($ MN)
Graph-29 Colombia Aerial Platforms Market, 2019–2028 (Unit Sales)
Graph-30 Colombia Aerial Platforms Market, 2019–2028 ($ MN)
Graph-31 Colombia Road Construction Equipment Market, 2019–2028 (Unit Sales)
Graph-32 Colombia Road Construction Equipment Market, 2019–2028 ($ MN)
Graph-33 Colombia Road Roller Market, 2019–2028 (Unit Sales)
Graph-34 Colombia Road Roller Market, 2019–2028 ($ MN)
Graph-35 Colombia Asphalt Paver Market, 2019–2028 (Unit Sales)
Graph-36 Colombia Asphalt Paver Market, 2019–2028 ($ MN)
Graph-37 Colombia Construction Equipment Market By Construction, 2019–2028 (Unit Sales)
Graph-38 Colombia Construction Equipment Market By Construction, 2019–2028 ($ MN)
Graph-39 Colombia Construction Equipment Market By Manufacturing, 2019–2028 (Unit Sales)
Graph-40 Colombia Construction Equipment Market By Manufacturing, 2019–2028 ($ MN)
Graph-41 Colombia Construction Equipment Market By Mining, 2019–2028 (Unit Sales)
Graph-42 Colombia Construction Equipment Market By Mining, 2019–2028 ($ MN)
Graph-43 Colombia Construction Equipment Market By Others, 2019–2028 (Unit Sales)
Graph-44 Colombia Construction Equipment Market By Others, 2019–2028 ($ MN)
Graph-45 Import Value of Construction Equipment 2019 ($ MN)
Graph-46 Export Value of Construction Equipment 2019 ($ MN)
Graph-47 Caterpillar: Total Revenue, 2018-2020 ($ BN)
Graph-48 Caterpillar: Sales By Region (% Share)
Graph-49 Caterpillar: Total Revenue By Segment, 2020 (% Share)
Graph-50 Volvo: Construction Equipment Net Sales, 2016-2020 ($ BN)
Graph-51 Volvo: Share Of Net Sales By Market, 2020 (% Share)
Graph-52 Volvo: Share Of Net Sales By Segment, 2020 (% Share)
Graph-53 Komatsu: Consolidated Net Sales, 2018-2020 ($ BN)
Graph-54 Komatsu: Construction, Mining And Utility Equipment Business, Sales By Region, 2020
(% Share)
Graph-55 Komatsu: Breakdown Of Net Sales By Segment, 2020 (% Share)
Graph-56 Liebherr: Total Revenue, 2018-2020 (% Share)
Graph-57 Liebherr: Revenue By Region (% Share)
Graph-58 Liebherr: Total Revenue By Product Segment, 2020 (% Share)
Graph-59 John Deere: sales by Industry 2018-2020 ($ MN)
Graph-60 John Deere: Sales by Region Value ($ MN)
Graph-61 John Deere: Total Revenue by Segment 2020 (% share)
LIST OF TABLES
Table-1 Major Countries Investing 2020 (%)
Table-2 Sectors receiving Major FDI Investments 2020(%)
Table-3 Green Field Projects In Colombia 2020
Table-4 Colombia Construction Equipment Market By Volume 2019-2028
Table-5 Colombia Construction Equipment By Type 2019-2018
Table-6 Colombia Earth Moving Equipment Market Size & Forecast, By Type (Volume, Units)
Table-7 Colombia Material Handling Equipment Market Size & Forecast, By Type (Volume, Units)
Table-8 Colombia Road Construction Equipment Market Size & Forecast, By Type (Volume, Units)
Table-9 Colombia Construction Equipment Market Size & Forecast, By End User(Units)
Table-10 Colombia Construction Equipment Market By Value 2019-2028
Table-11 Colombia Construction Equipment By Type 2019-2018
Table-12 Colombia Earth Moving Equipment Market Size & Forecast, By Type (Value, $ MN)
Table-13 Colombia Road Construction Equipment Market Size & Forecast, By Type (Value, $ MN)
Table-14 Colombia Material Handling Equipment Market Size & Forecast, By Type (Value, $ MN)
Table-15 Colombia Construction Equipment Market Size & Forecast, By End User
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