COLOMBIA CONSTRUCTION EQUIPMENT MARKET SALES ARE EXPECTED TO REACH 10 THOUSAND UNITS BY 2028 GROWING AT A CAGR OF 6.7% DURING THE FORECAST PERIOD 2022-2028.

Colombia Construction Equipment Market Research Report includes segments by

  • 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.)
  • Road Construction Equipment: Road Roller and Asphalt Paver
  • End-users: Construction, Manufacturing, Mining, and Others

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Most Exhaustive Report

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107 Pages

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15 Tables

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61 Charts

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1 Regions

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1 Countries

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17 Companies

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2 Market Segment

COLOMBIA CONSTRUCTION EQUIPMENT MARKET REPORT SCOPE

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

MARKET INSIGHTS

Colombia Construction Equipment market sales are 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 housing, public infrastructure, and mining projects in Colombia.

Surge in Government Investment for Redevelopment Projects to Drive the Colombia Construction Market Growth

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, railways lines, airport up-gradation, and the construction of a new cannal 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 its 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 crawler excavators, backhoe loaders, and cranes in the market.

Colombia Constrcution Equipment Market

The strategic position of Colombia to Attract Investments

Colombia has located a strategically important position within Latin America. The country shares a large portion of 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.

Projects & Investments in Colombia

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.

VENDOR LANDSCAPE

  • The key players in the Colombian construction equipment market are 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.
  • Caterpillar, Komatsu, Volvo Construction Equipment, CASE, and Hyundai construction equipment are industry leaders that accounted for nearly ~77% of the overall construction equipment market share in 2021.
  • Caterpillar, Komatsu, and Volvo construction have a significant share in Colombia. The companies have a strong distribution network and high experience in Colombia.
  • XCMG & SANY have recently acquired significant market share due to constant innovation and subsequent launches, for instance, XCMG launched new technology of battery-operated electric excavators in the Colombian market in 2021.

REPORT COVERAGE:

Earthmoving Equipment:

  • Excavator
  • Backhoe Loaders
  • Motor Graders
  • Other Earthmoving Equipment (Others loaders, Bulldozers, Trenchers)

Road Construction Equipment

  • Road Rollers
  • Asphalt Pavers

Material Handling Equipment

  • Crane
  • Forklift & Telescopic Handlers
  • Aerial Platforms (Articulated Boom Lifts, Telescopic Boom lifts, Scissor lifts)

End Users

  • Construction
  • Manufacturing
  • Mining
  • Others

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 an outlook and opportunity analysis forecast in terms of:

  • Colombia Construction Equipment Market Size & Forecast Volume (Unit sales) 2019-2028
    • Earthmoving. Material handling and road construction
    • Excavators, Backhoe loaders, Cranes, forklifts
    • End Users (construction, mining, manufacturing and other industries)
  • Colombia Construction Equipment Market Size and Forecast Value (USD) 2019-2028
    • Earthmoving. Material handling and road construction
    • Excavators, Backhoe loaders, Cranes, forklifts
    • End Users (construction, mining, manufacturing and other industries)
  • Major current & upcoming projects & investments
  • Gain competitive intelligence about the economic scenario, advantages in Colombia's 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 incremental growth projections
  • Complete supply chain analysis
  • Get COVID-19 impact analysis of the market
  • Vendor capability matrix
  • Company Profile of vendors and distributors

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.

HOW WILL MAJOR EQUIPMENT TYPES (MATERIAL HANDLING, EARTHMOVING, AND ROAD CONSTRUCTION) CONTRIBUTE TO THE GROWTH IN THE COLOMBIA CONSTRUCTION EQUIPMENT INDUSTRY?

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.

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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

  • Caterpillar
  • Volvo Construction Equipment
  • Komatsu
  • SANY
  • JCB
  • Liebherr
  • Xuzhou Construction Machinery Group Co. Ltd. (XCMG)
  • Hyundai Construction Equipment

Other Prominent Vendors

  • Kobelco
  • Terex corporation
  • CASE Construction
  • Yanmar manufactures
  • LiuGong

Distributor Profiles

  • Newman Maquinaria Pesada
  • CENTRAL S.A.S
  • IMPORTADORA CASA Colombia S.A.S

Market Segmentation by Type

  • Earthmoving Equipment
    • Excavator
    • Backhoe Loader
    • Motor Grader
    • Other earthmoving Equipment
  • Material Handling Equipment
    • Crane
    • Forklift and Telescopic Handler
    • Arial Platforms (articulated boom lifts, telescopic boom lifts, scissor lifts, etc)
  • Road Construction Equipment
    • Asphalt Paver
    • Road Roller

Market Segmentation by Application

  • Construction
  • Manufacturing
  • Mining
  • Others

Section 1 Introduction

1.1 Market Snapshot

1.2 Executive Summary

Section 2 Market Overview

  • Economic Scenario, Foreign Direct Investment

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

  • Market Drivers, Restraints, Trends, Advantage Colombia, Key Economic Regions, Import/Export Trends, Supply Chain Analysis, COVID-19 Impact

Section 5 Technological Development

  • Advent Of New Technology

Section 6 Competitive Landscape

  • Competitive Landscape Overview
  • Major Vendors (Caterpillar | Volvo Construction Equipment| Komatsu Colombia S.A.S | SANY Colombia S.A.S | JCB | Liebherr Colombia | Terex Corporation Colombia| Hyundai Construction Equipment | XCMG | Kobelco| LiuGong | Yanmar| CASE)
  • Other Prominent Vendors
  • Distributor Profiles

Section 7 Quantitative Summary

  • Quantitative Summary

Section 8 Report Summary

  • Key Insights
  • Abbreviations
  • List of Graphs
  • List of Tables

Section 9 Report Scope & Definition

  • Research Methodology
  • Research Objective
  • Market Definition, Inclusion & Exclusion

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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