LATIN AMERICA CONSTRUCTION EQUIPMENT MARKET SIZE WAS VALUED AT USD 3.7 BILLION IN 2021 AND IS EXPECTED TO REACH USD 5 BILLION BY 2028, GROWING AT A CAGR OF 5.12%. THE MARKET IS PROJECTED TO WITNESS SALES OF 137,748 UNITS BY 2027.

Latin America Construction Equipment Market Research Report includes segments by Type (Earth Moving Equipment (Excavator, Backhoe Loader, Motor Grader, and Other Earth Moving Equipment), Road Construction Equipment (Asphalt Paver and Road Roller), Material Handling Equipment (Crane, Forklift & Telescopic Handler, Arial Platforms (Articulated Boom Lifts, Telescopic Boom Lifts, Scissor Lifts, etc.)), By Application (Construction, Manufacturing, Mining, and Others), By Countries (Brazil, Argentina, Mexico, Colombia, Other Latin America Countries)

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Most Exhaustive Report

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110 Pages

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67 Tables

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3 Charts

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1 Regions

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5 Countries

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19 Companies

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3 Market Segment

LATIN AMERICA CONSTRUCTION EQUIPMENT MARKET SCOPE

Report Attribute Details
MARKET SIZE-REVENUE(2027) USD 5 Billion
MARKET SIZE- VOLUME(2027) 137,748 units
CAGR (VOLUME) 4.75 % (2021-2027)
HISTORIC YEAR 2018-2019
BASE YEAR 2020
FORECAST YEAR 2021-2027
TYPE Earth Moving Equipment (Excavator, Backhoe Loader, Motor Grader, and Other Earth Moving Equipment), Road Construction Equipment (Asphalt Paver and Road Roller), and Material Handling Equipment (Crane, Forklift and Telescopic Handler, Arial Platforms (Articulated Boom Lifts, Telescopic Boom Lifts, Scissor Lifts, etc))
APPLICATION Construction, Manufacturing, Mining, and Others
COUNTRIES COVERED Brazil, Argentina, Mexico, Colombia, Other Latin America Countries
KEY VENDORS Caterpillar, Liebherr, Komatsu, Volvo Construction Equipment, JCB, Xuzhou Construction Machinery Group Co., Ltd., SANY, John Deere, Hyundai construction Equipment, Shantui Construction Machinery, Bomag, Ammann, Sunward, Yanmar,

LATIN AMERICA CONSTRUCTION EQUIPMENT MARKET INSIGHTS

Latin America construction equipment market size was valued at USD 3.7 billion in 2021 and is expected to reach USD 5 billion by 2028, growing at a CAGR of 5.12%. The market is projected to witness sales of 137,748 units by 2027. Upsurge in global commodities price to positively drive Latin America mining sector. Enhanced demand for natural resources in recent years will positively impact demand for construction equipment used in the mining industry, such as excavators, loaders, and cranes.

There is robust demand for construction equipment in the region. Contractors, mining, and construction companies are the major 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.

With the increase in construction activities, the demand for road rollers also increases. Various road and highway redevelopment projects such as developing interserrana highways, connecting Matehuala- Saltillo roadways with Cuidad Victoria- Monterrey roadways are planned in Mexico. All this will propel the demand in Latin America Construction Equipment industry.

LATIN AMERICA CONSTRUCTION EQUIPMENT MARKET SEGMENTATION

  • Latin America's earthmoving equipment market is projected to witness robust growth through 2027 owing to the factors such as growth in the transportation sector with the boost in government investment towards the highway, metro and airports construction projects.
  • Forklifts' market share 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 port, are planned for 2021 with an investment of USD 19.1 million by the Brazilian government.
  • Construction equipment used in construction accounted for more than 40% share in 2020 in the South America construction equipment market. This is projected to grow more as the government invests in various construction projects such as Mexico- Toluca interurban train, T- Mec Corridor in Mexico, and other Latin American countries in 2021.

KEY HIGHLIGHTS IN THE REPORT

  • Investment in renewable energy projects has risen across the region due to the government’s agenda of achieving the carbon-neutral goals by 2040, thus driving growth for the Latin America construction machinery market. For instance, in Chile, the government is creating a regulatory framework to enable the installation of power storage on a large scale, which would allow the energy sector to be fully decarbonized.
  • Brazil and Mexico will have high demand in the Latin America heavy construction equipment market in 2021 due to increased investment in road redevelopment projects.
  • In 2020, the equipment used in the construction industry accounted for the largest market share of more than 40%, followed by the mining industry accounted for more than 20% share.
  • Upsurge in global commodities price to positively drive Latin America mining sector. Latin America’s mining sector has had ample opportunity to grow in recent times. The region is one of the leading iron ore, copper, and gold producers. The rise in mining activities in countries will drive the machinery and equipment manufacturing industry in Latin America.

VENDOR LANDSCAPE

  • The key 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 an SY215C large excavator to cater to the need for high construction and mining projects in the region.
  • XCMG has actively explored and made remarkable achievements in all technical fields relating to energy-saving products. The company launched the QY25KQ crane in 2021 in the energy-saving product segment.
  • Komatsu has introduced automation & IoT in recently launched construction and mining equipment.

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:

  • Volume (Unit sales)
    • Type
    • Application
    • Countries
  • Value (USD)
    • Type
    • Application
    • Countries
  • Gain competitive intelligence about the economic scenario, advantages in Latin American countries, 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 growth projections of the Latin America construction equipment market share
  • Complete supply chain analysis
  • Get COVID-19 impact analysis of the market
  • Company Profile of 19 vendors and distributors

KEY VENDORS

  • Major Vendors: Caterpillar, Liebherr, Komatsu, Volvo Construction Equipment, JCB, Xuzhou Construction Machinery Group Co., Ltd., SANY, John Deere, Hyundai construction Equipment, Shantui Construction Machinery, Bomag, Ammann, Sunward, Yanmar
  • Key Distributors: ADCOMA, Ibergruas, Golden Equipment company, Rentandes, Tracbel

Frequently Asked Questions

What is the size of the Latin America construction equipment market?

Latin America construction equipment market size will be valued at USD 5065.5 million and to reach a volume of 137,748 units by 2027, growing at a compound annual growth rate (CAGR) of 4.75% by volume during 2021-2027.

What are the latest technologies in the Latin America construction machinery market?

Latest technologies in the Latin America construction machinery market.

Who are the key players in the Latin America construction equipment industry?

The key players in Latin America construction equipment industry are Caterpillar, Liebherr, Komatsu, Volvo Construction Equipment, JCB, Xuzhou Construction Machinery Group Co., Ltd., SANY, John Deere, Hyundai construction Equipment, Shantui Construction Machinery, Bomag, Ammann, Sunward, and Yanmar.

What are the factors driving the growth of the Latin American construction equipment market?

The factors driving the growth of Latin America construction equipment market are government plans to enhance renewable power capacity and an upsurge in global commodities prices to positively drive the Latin American mining sector.

What are the different types of construction equipment covered in the report?

The different types of construction equipment covered in the report are Earth Moving Equipment (Excavator, Backhoe Loader, Motor Grader, and Other Earth Moving Equipment), Road Construction Equipment (Asphalt Paver and Road Roller), and Material Handling Equipment (Crane, Forklift and Telescopic Handler, Arial Platforms (Articulated Boom Lifts, Telescopic Boom Lifts, Scissor Lifts, etc.)).

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The governments’ investment in developing public infrastructures such as roads, airports, ports, and the energy sector is expected to bring strong growth to the construction equipment market in Latin America. There is robust demand for construction equipment in the region. Contractors, mining, and construction companies are the major customers in the market. Rental companies such as Carlyle Group, Grupo Orguel and BigRentz are having fair share in the market.

Base Year: 2020

Forecast Year: 2021-2027

Scope: The report considers the present scenario of the Latin America construction equipment market and market dynamics for the forecast period 2021−2027. 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 Latin America construction equipment market.

Major Vendors

  • Caterpillar
  • Liebherr
  • Komatsu
  • Volvo Construction Equipment
  • JCB
  • Xuzhou Construction Machinery Group Co., Ltd
  • SANY
  • John Deere
  • Hyundai Construction Equipment
  • Shantui Construction Machinery
  • Bomag
  • Ammann
  • Sunward
  • Yanmar

Key Distributor Profiles

  • ADCOMA
  • Ibergruas
  • Golden Equipment company
  • Rentandes
  • Tracbel

Market Segmentation by Moving Equipment

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

Market Segmentation by Application

  • Construction
  • Manufacturing
  • Mining
  • Others

Market Segmentation by Countries

  • Brazil
  • Argentina
  • Mexico
  • Columbia
  • Other Latin America Countries

Section1 – Introduction
• Market Snapshot
• Executive Summary

Section 2 – The 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 Insight, COVID-19 Impact


Section 3- Technological Advancements
• Advent of new Technology

Section 4 Market Dynamics
• Market Drivers, Restraints, Trends

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

5.1 Latin America Construction Equipment Market by Type (Volume & Value)
5.1.1. Earth Moving Equipment

  1. Excavator
  2. Backhoe Loader
  3. Motor Grader
  4. Other Earth Moving Equipment (Other Loaders, Bulldozer, Trencher, etc.)

5.1.2. Road Construction Equipment

  1. Asphalt Paver
  2. Road Roller

5.1.3. Material Handling Equipment

  1. Crane
  2. Forklift and Telescopic Handler
  3. Aerial Platform (Articulated Boom lifts, Telescopic Boom lifts, Scissor Lifts, etc)

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

  1. Construction
  2. Mining
  3. Manufacturing
  4. Others (Power Generation and Utilities, Municipal Corporation etc)

5.3 Latin America Construction Equipment Market by Countries (Volume & Value)

  1. Brazil
  2. Argentina
  3. Mexico
  4. Colombia
  5. Other Latin American Countries

Section 6 – Competitive Landscape

  1. Competitive Landscape Overview
  2. Major Vendors (Caterpillar Brazil, Komatsu, Hyundai Construction Equipment, Volvo Construction Equipment, JCB International do Brasil Representacão Comercial Ltda, XCMG, SANY Group, John Deere Americas, Ammann Brazil, Sunward, Yanmar America, Shantui Brazil)
  3. Distributors Profile

Section 7 – Report Summary

  1. Key Insights
  2. Abbreviations
  3. List of Exhibits

Section 8 – Report Scope & Definition
1. Research Methodology
2. Market Definition, Inclusion & Exclusion

LIST OF EXHIBITS

Exhibit 1                        Latin America Construction Equipment Market by Volume (Unit sales), 2018-2027

Exhibit 2                        Latin America Construction Equipment Market by Type 2020 Volume Share (%)

Exhibit 3                        Latin America Construction Equipment Market by Volume (Unit sales), 2018-2027

Exhibit 4                        Latin America Construction Equipment Market by Value ($ MN), 2018-2027

Exhibit 5                        Latin America Construction Equipment by Type 2020 (% volume share)

Exhibit 6                        Latin America Countries GDP 2019-2020(%)

Exhibit 7                        Latin America Countries by Sectors in 2019(%)

Exhibit 8                        Latin American Countries Investment in Public Infrastructure 2017-2019 ($MN)

Exhibit 9                        FDI Investment by Industry in Latin America 2020

Exhibit 10                      Major Countries Investing in Latin America 2020 (%)

Exhibit 11                      Latin America Renewable Investment (2015-2019) ($BN)

Exhibit 12                      Currency Depreciation in Latin American Countries 2020 (%)

Exhibit 13                      Latin America Construction Equipment Market by Type 2018-2027 (Unit Sales)

Exhibit 14                      Latin America Construction Equipment by Application 2018-2027 (Unit sales)

Exhibit 15                      Latin America Construction Equipment by Countries 2018-2027 (Unit Sales)

Exhibit 16                      Latin America Earthmoving Equipment Market 2018–2027 (Unit Sales)

Exhibit 17                      Latin America Earthmoving Equipment Market 2018–2027 ($ MN)

Exhibit 18                      Latin America Excavator Market 2018–2027 (Unit Sales)

Exhibit 19                      Latin America Excavator Market 2018–2027 ($ MN)

Exhibit 20                      Latin America Backhoe Loader Market 2018–2027 (Unit Sales)

Exhibit 21                      Latin America Backhoe Loder Market 2018–2027 ($ MN)

Exhibit 22                      Latin America Motor Grader Market 2018–2027 (Unit Sales)

Exhibit 23                      Latin America Motor Grader Market 2018–2027 ($ MN)

Exhibit 24                      Latin America Other Earthmoving Equipment 2018-2027 (Unit Sales)

Exhibit 25                      Latin America Other Earthmoving Equipment 2018-2027 ($MN)

Exhibit 26                      Latin America Road Construction Equipment Market 2018-2027 (Unit Sales)

Exhibit 27                      Latin America Road Construction Equipment Market 2018-2027($MN)

Exhibit 28                      Latin America Asphalt Paver Market 2018-2027 (Unit Sales)

Exhibit 29                      Latin America Asphalt Paver Market 2018-2027($ MN)

Exhibit 30                      Latin America Road Roller Market 2018-2027 (Unit Sales)

Exhibit 31                      Latin America Road Roller Market 2018-2027 ($ MN)

Exhibit 32                      Latin America Material Handling Equipment Market 2018-2027 (Unit Sales)

Exhibit 33                      Latin America Material Handling Equipment Market 2018-2027 ($ MN)

Exhibit 34                      Latin America Crane Market 2018-2027 (Unit Sales)

Exhibit 35                      Latin America Crane Market 2018-2027 ($ MN)

Exhibit 36                      Latin America Forklift & Telescopic Handler Market 2018-2027 (Unit Sales)

Exhibit 37                      Latin America Forklift & Telescopic Handler Market 2018-2027 ($ MN)

Exhibit 38                      Latin America Aerial Platform Market 2018-2027 (Unit Sales)

Exhibit 39                      Latin America Aerial Platform Market 2018-2027 ($ MN)

Exhibit 40                      Latin America Construction Equipment Market 2018–2027 (Unit Sales)

Exhibit 41                      Latin America Construction Equipment Market 2018–2027 ($ MN)

Exhibit 42                      Latin America Mining Construction Equipment Market 2018–2027 (Unit Sales)

Exhibit 43                      Latin America Mining Construction Equipment Market 2018–2027 ($ MN)

Exhibit 44                      Latin America Manufacturing Construction Equipment Market 2018–2027 (Unit Sales)

Exhibit 45                      Latin America Manufacturing Construction Equipment Market 2018–2027 ($ MN)

Exhibit 46                      Latin America Construction Equipment Market by Others 2018–2027 (Unit Sales)

Exhibit 47                      Latin America Construction Equipment Market by Others 2018–2027 ($ MN)

Exhibit 48                      Brazil Construction Equipment Market 2018-2027 (Unit sales)

Exhibit 49                      Brazil Construction Equipment Market 2018-2027 ($MN)

Exhibit 50                      Argentina Construction Equipment Market 2018-2027 (Unit Sales)

Exhibit 51                      Argentina Construction Equipment Market 2018-2027 ($MN)

Exhibit 52                      Mexico Construction Equipment Market 2018-2027 (Unit Sales)

Exhibit 53                      Mexico Construction Equipment Market 2018-2027 ($MN)

Exhibit 54                      Colombia Construction Equipment Market 2018-2027 (Unit Sales)

Exhibit 55                      Colombia Construction Equipment Market 2018-2027 ($MN)

Exhibit 56                      Other Latin America Construction Equipment Market 2018-2027 (Unit Sales)

Exhibit 57                      Other Latin America Construction Equipment Market 2018-2027 ($MN)

Exhibit 58                      Caterpillar, Sales by Region (%Share)

Exhibit 59                      Caterpillar, Total Revenue by Segment in Latin America 2020 (% Share)

Exhibit 60                      Liebherr, Turnover by Region (% Share)

Exhibit 61                      Liebherr, Total Revenue by product Segment 2020 (% Share)

Exhibit 62                      Komatsu, Construction, Mining and Utility Equipment Business Sales by Region 2020 (% Share)

Exhibit 63                      Komatsu, Breakdown of Net Sales by Segment 2020 (% Share)

Exhibit 64                      Volvo CE, Sales by Region (% Share)

Exhibit 65                      Volvo CE, Total Revenue by Segment 2020 (% Share)

Exhibit 66                      John Deere, Sales by Regions (% Share)

Exhibit 67                      John Deere, Total Revenue by Segment 2020 (% Share)

 

LIST OF TABLES

Table 1                Country-Specific FDI Inflow in the Region in 2020.

Table 2                Key Insights

Table 3                Abbreviations

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