MEXICO CONSTRUCTION EQUIPMENT MARKET SIZE 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%.

Mexico 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

Licence Types What are these?
GET ACTIONABLE INSIGHTS ON HOW COVID-19 IS IMPACTING YOUR BUSINESS
Enquire Now Download Free Sample

Most Exhaustive Report

icon-pages

101 Pages

icon-table

14 Tables

icon-chart

59 Charts

icon-region

1 Regions

icon-country

1 Countries

icon-company

15 Companies

icon-market

2 Market Segment

MEXICO CONSTRUCTION EQUIPMENT MARKET REPORT SCOPE

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

MARKET INSIGHTS

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.

T-MeC Corridor Development Project to Impact the Mexico Construction Equipment Market Growth

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.

Strategic Position of Mexico Attracting Investments

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.

Project & Investments:

  • Mexican government allocated USD 42 billion in 2020 under the national infrastructure plan 2020-2024. The infrastructure plan focused on the development of roadways, highways, and airports across the country.
  • In 2022, Government plans to invest USD 350 billion in the development of infrastructure, railways, health. A major share of investment is allocated for government ambitious Tren Maya Railways projects in the southern region of Mexico. Other major transports development projects such as Naucalpan- Ecatepec Highway (USD 10 billion), Inter serrana Highway (USD 951 million), South Road of the state of Mexico (USD 770 million), and Tultepec- Santiago Tolman Highway (USD 434 million) are under progress in 2022.

REPORT INCLUDES MARKET SIZE OF FOLLOWING SEGMENTS

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

VENDOR LANDSCAPE

  • The key players in the Mexico construction equipment market are Komatsu Mexico, Caterpillar Mexico, Hyundai Construction Equipment, Hitachi Construction Equipment, XCMG, SANY, JCB, Volvo Construction Equipment & Liebherr.
  • Komatsu, XCMG, Caterpillar, & Volvo Construction Equipment are market leaders that accounted for nearly ~72% of the overall construction equipment market share in 2021.
  • Komatsu, Caterpillar, XCMG, & SANY have a significant share in the Mexican market. The companies have a strong distribution network and high experience in the Mexican market.
  • JCB & Liebherr have recently acquired a good market share due to recent technology adoption, for instance, Liebherr launches 3rd generation mobile cranes in the Mexican market in 2021.

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:

  • Mexico 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)
  • Mexico Construction Machinery Market Size & 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 Mexico'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 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.

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

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.

Download Free Sample

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

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

Distributors Profiles

  • Tracsa
  • TMR
  • RM Rental Maquinaria
  • Ibergruas
  • ADCOMA
  • Golden equipment company

Market Segmentation by Type

Earthmoving Equipment:

  • Excavator
  • Backhoe Loaders
  • Motor Graders
  • Other Earthmoving Equipment

Road Construction Equipment

  • Road Rollers
  • Asphalt Pavers

Material Handling Equipment

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

Market Segmentation by End Users

  • Construction
  • Manufacturing
  • Mining
  • Others

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

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

3.1.2. Road Construction Equipment

  1. Asphalt Paver
  2. Road Roller

3.1.3. Material Handling Equipment

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

3.2 Mexico Construction Equipment Market by Application (Volume & Value)

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

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

  1. Competitive Landscape Overview
  2. Major Vendors Caterpillar Mexico | Komatsu Mexico | XCMG | SANY | Hyundai Construction Machinery | Volvo Construction Equipment | Hitachi Construction Machinery | JCB | Liebherr
  3. Distributors Profile

Section 7 Quantitative Summary

Section 8 Report Summary
1. Key Insights

  1. Abbreviations
  2. List of Graphs
  3. List of Tables

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

Select a license type that suits your business needs

single-user Single User Licence
$2200.00
  • Report accessible by one user only
  • Free 10% or 3 days of customization
  • Free post-sale service assistance
  • Continuous support through email
Best Value Tag
5-user 5 User Licence
$2500.00
  • Report accessible by 5 users within the organization
  • Free 15% or 4.5 days of customization
  • Free post-sale service assistance
  • Continuous support through email and telephone
  • Free analyst hour
  • Free Upgrade: If an updated report published within 180 days of purchase, you will get the revised report free of charge
corporate.png Corporate Licence
$3000.00
  • Free Datasheet worth $1500
  • Report accessible by the entire organization
  • Free 20% or 6 days of customization
  • Free post-sale service assistance
  • Continuous support through email and telephone
  • Direct access to lead analysts
  • Free analyst hour
  • Free Upgrade: If an updated report published within 180 days of purchase, you will get the revised report free of charge
datasheet.png Datasheet Licence
$1500.00
  • Report accessible by 1 user only
  • Free 15% or 32 hours of customization
  • Free post-sale service assistance
  • Direct access to lead analysts

Our Clients

Licence Types What are these?

Our Clients Speak

erick

"The report by Arizton was spot on. It not only gave us insight into the pro audio market, we used it to raise funds for our company. The data proved (to the VC we pitched to) that the market was large enough for our company to not only survive but also grow."

Erik Young
CEO, Co-founder
Audink Inc., DBA Audios
SPEAK WITH OUR ANALYST

Want to know more about the report or any specific requirement?

Click to Email +1-312-235-2040

Want to Customize the Report?

Click Here

Why Arizton?

  • 100% Customer Satisfaction
  • 24x7 availability – we are always there when you need us
  • 200+ Fortune 500 Companies trust Arizton's report
  • 80% of our reports are exclusive and first in the industry
  • 100% more data and analysis
  • 1000+ reports published till date