PUBLISHED DATE : Apr 2022 | Pages : 101
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Mexico Construction Equipment Market Research Report includes segments by
101 Pages
14 Tables
59 Charts
1 Regions
1 Countries
15 Companies
2 Market Segment
| Report Attribute | Details |
|---|---|
| MARKET SIZE (2028) | USD 1.9 Billion |
| MARKET SIZE (2021) | USD 1.3 Billion |
| CAGR (2022-2028) | 5.5% |
| MARKET SIZE (VOLUME) | 40 Thousand Units Sales (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 |
Mexico Construction Equipment market was valued at USD 1.3 billion in 2021 and is expected to reach USD 1.9 billion by 2027, growing at a CAGR of 5.88%. In 2021, the earthmoving segment had the largest share due to rising investment in smart cities, housing, and infrastructure projects.
The government investment in infrastructure, and transport development projects under National Infrastructure Plan, and T- MEC corridors development for the northern, southern, and central regions of the country is expected to have a positive impact on the country’s construction industry in 2022.
The country’s mining industry is expected to grow significantly due to the surge in investment in gold, copper, and silver mining production projects in 2022. An investment of USD 2.8 billion is expected for extraction projects of gold, silver, and copper.
Mexican government focuses on harnessing renewable energy resources like solar, hydro, and wind in 2022. The government aims to increase clean energy production by 35% by 2024, which prompts the investment in renewable energy projects in the country. The demand for excavators and cranes is expected to grow due to a surge in construction, mining, and renewable energy projects in 2022.
Mexico is the second-largest economy in the Latin American region after Brazil. The country is located close to major economies such as the US and Europe. The US is the biggest trade partner of Mexico.
The country has 13 free trade agreements with 50 countries including the US and the European Union which support smooth business activities in the nation.
Earthmoving Equipment:
Road Construction Equipment
Material Handling Equipment
End Users
Frequently Asked Questions
WHAT IS THE GROWTH RATE OF THE CONSTRUCTION EQUIPMENT MARKET IN MEXICO?
The growth rate of the Mexico Construction Equipment Market is 5.51% in the forecast period.
WHO ARE THE KEY PLAYERS IN THE HEAVY CONSTRUCTION EQUIPMENT MARKET IN MEXICO?
Caterpillar Mexico, Komatsu Mexico, Hyundai Construction Equipment, Hitachi Construction Equipment, XCMG, SANY, JCB & Liebherr
WHAT ARE THE MARKET OPPORTUNITIES FOR NEW ENTRANTS IN MEXICO CONSTRUCTION EQUIPMENT INDUSTRY?
Growth in the construction, mining, and renewable energy sector due to increasing government investment is expected to support the demand for construction equipment in Mexico.
WHAT ARE THE NEW INDUSTRY TRENDS IMPACTING THE GROWTH OF MEXICO CONSTRUCTION EQUIPMENT MARKET?
Government strict environmental regulation triggers the demand for electric construction equipment in Mexico. Major OEMs in the region such as Komatsu have introduced digital transformation and plans to launch equipment having IoT technology. SANY is set to launch the largest electric excavator in the Mexican market.
Earthmoving & Road Construction were Forklifts & telescopic handlers (69.5%), Excavators (26.1%), and Road Rollers (70.5%) respectively in 2021. Earthmoving and material handling were having a higher share due to various government investments in infrastructure, mining, and renewable energy projects in 2021.
The preference towards electric construction equipment is highly towards the mini and medium-sized equipment. However, companies are producing electric versions of large equipment as the governments across the world are shifting towards low emission technologies. Moreover, the Mexico City government has been developing roads and railway projects to provide enormous opportunities to foreign investors. The Mexico construction equipment market expects to observe an incremental growth of 12,078 units during the period 2021–2028.
Base Year: 2021
Forecast Year: 2022-2027
Scope: The report considers the present scenario of the Mexico 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 UAE construction equipment market.
Key Vendors
Distributors Profiles
Market Segmentation by Type
Earthmoving Equipment:
Road Construction Equipment
Material Handling Equipment
Market Segmentation by End Users
Section1 Introduction
• Market Snapshot
• Executive Summary
Section 2 The Market Overview
Economic Scenario, Foreign Direct Investment
Section 3 Mexico Construction Equipment (Type & Application)
3.1 Mexico Construction Equipment Market by Type (Volume & Value)
3.1.1. Earth Moving Equipment
3.1.2. Road Construction Equipment
3.1.3. Material Handling Equipment
3.2 Mexico Construction Equipment Market by Application (Volume & Value)
Section 4 Market Dynamics
Market Drivers, Restraints, Trends, Key Economic Regions in Mexico, Advantage Mexico, FDI in Mexico, Import/Export Trend Analysis, Supply chain, COVID-19 Impact
Section 5 Technology Development
Advent of Technology
Section 6 Competitive Landscape
Section 7 Quantitative Summary
Section 8 Report Summary
1. Key Insights
Section 9 Report Scope & Definition
1. Research Methodology
2. Market Definition, Inclusion & Exclusion
LIST OF EXHIBITS
Graph-1: Mexico Construction Equipment Market by Volume (Unit sales) 2019–2028
Graph-2: Mexico Construction Equipment Market by Type 2021 Volume Share (%)
Graph-3: Mexico Construction Equipment Market by Volume 2019–2028 (Unit Sales)
Graph-4: Mexico Construction Equipment Market by Value 2019–2028 ($ MN)
Graph-5: Mexico Construction Equipment Market by Application 2021 (% share)
Graph-6: Mexico Construction Equipment Market by Type 2021 (% share)
Graph-7: GDP of Mexico Value ($ BN) 2015–2020
Graph-8: Mexico Investments in various Sectors 2021 ($BN)
Graph-9: Mexico Construction Equipment Market by Type 2019–2028 (Unit Sales)
Graph-10: Mexico Construction Equipment Market by Type 2021 Volume Share (%)
Graph-11: Mexico Construction Equipment Market by End - Users 2019–2028 (Unit Sales)
Graph-12: Mexico Earthmoving Equipment 2019–2028 (Unit Sales)
Graph-13: Mexico Earthmoving Equipment 2019–2028 ($MN)
Graph-14: Mexico Excavators Market 2019–2028 (Unit Sales)
Graph-15: Mexico Excavators Market 2019–2028 ($MN)
Graph-16: Mexico Backhoe Loaders Market 2019–2028 (Unit Sales)
Graph-17: Mexico Backhoe Loaders Market 2019–2028 ($ MN)
Graph-18: Mexico Motor Graders Market 2019–2028 (Unit Sales)
Graph-19: Mexico Motor Graders Market 2019–2028 ($ MN)
Graph-20: Mexico Other Earthmoving Equipment 2019–2028 (Unit Sales)
Graph-21: Mexico Other Earthmoving Equipment 2019–2028 ($ MN)
Graph-22: Mexico Road Construction Equipment Market 2019–2028 (Unit Sales)
Graph-23: Mexico Road Construction Equipment Market 2019–2028($ MN)
Graph-24: Mexico Road Rollers Market 2019–2028 (Unit Sales)
Graph-25: Mexico Road Rollers Market 2019–2028 ($ MN)
Graph-26: Mexico Asphalt Pavers Market 2019–2028 (Unit Sales)
Graph-27: Mexico Asphalt Pavers Market 2019–2028($ MN)
Graph-28: Mexico Material Handling Equipment Market 2019–2028 (Unit Sales)
Graph-29: Mexico Material Handling Equipment Market 2019–2028 ($ MN)
Graph-30: Mexico Forklifts & Telescopic Handlers Market 2019–2028 (Unit Sales)
Graph-31: Mexico Forklifts & Telescopic Handlers Market 2019–2028 ($ MN)
Graph-32: Mexico Cranes Market 2019–2028 (Unit Sales)
Graph-33: Mexico Cranes Market 2019–2028 ($ MN)
Graph-34: Mexico Aerial Platforms Market 2019–2028 (Unit Sales)
Graph-35: Mexico Aerial Platforms Market 2019–2028 ($ MN)
Graph-36: Mexico Construction Equipment Market 2019–2028 (Unit Sales)
Graph-37: Mexico Construction Equipment Market 2019–2028 ($ MN)
Graph-38: Mexico Manufacturing Construction Equipment Market 2019–2028 (Unit Sales)
Graph-39: Mexico Manufacturing Construction Equipment Market 2019–2028 ($ MN)
Graph-40: Mexico Mining Construction Equipment Market 2019–2028 (Unit Sales)
Graph-41: Mexico Mining Construction Equipment Market 2019–2028 ($MN)
Graph-42: Mexico Others Construction Equipment Market 2019–2028 (Unit Sales)
Graph-43: Mexico Others Construction Equipment Market 2019–2028 ($ MN)
Graph-44: FDI Inward Flow ($ BN)
Graph-45: FDI Investment in Construction Sector by value ($ MN)
Graph-46: Import Value of Construction Equipment 2019 ($ MN)
Graph-47: Export Value of Construction Equipment 2019 ($ ‘000)
Graph-48: Caterpillar, Revenue 2018–2020 ($ BN)
Graph-49: Caterpillar: Sales by Region (% share)
Graph-50: Caterpillar: Total Revenue by Segment 2020 ($ MN)
Graph-51: Komatsu, Net sales 2018–2020 ($ BN)
Graph-52: Komatsu: Construction, Mining and Utility Equipment Business Sales by Region 2020 (% Share)
Graph-53: Komatsu: Breakdown of Net Sales by Segment 2020 ($ BN)
Graph-54: Volvo: Net sales 2016–2020 ($ BN)
Graph-55: Volvo: Sales by Region ($ MN)
Graph-56: Hyundai Construction Equipment: Revenue (2018–2020) ($ MN)
Graph-57: Hitachi Construction Equipment 2018-2020 ($ MN)
Graph-58: Liebherr: Revenue 2016–2020 ($ BN)
Graph-59: Liebherr: Revenue by Segment 2020 (%Share)
LIST OF TABLES
Table-1 Major Countries Investing 2020 (%)
Table-2 Sectors receiving Major FDI Investments 2020(%)
Table-3 Mexico Construction Equipment Market by Volume 2019–2028
Table-4 Mexico Construction Equipment by Type 2019–2018
Table-5 Mexico Earthmoving Equipment Market Size & Forecast by Type (Volume, Units)
Table-6 Mexico Material Handling Equipment Market Size & Forecast by Type (Volume, Units)
Table-7 Mexico Road Construction Equipment Market Size & Forecast by Type (Volume, Units)
Table-8 Mexico Construction Equipment Market Size & Forecast by End-user (Units)
Table-9 Mexico Construction Equipment Market by Value 2019–2028
Table-10 Mexico Construction Equipment by Type 2019–2018
Table-11 Mexico Earthmoving Equipment Market Size & Forecast by Type (Value, $ MN)
Table-12 Mexico Road Construction Equipment Market Size & Forecast by Type (Value, $ MN)
Table-13 Mexico Material Handling Equipment Market Size & Forecast by Type (Value, $ MN)
Table-14 Mexico Construction Equipment Market Size & Forecast by End-user
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