MEXICO CRAWLER EXCAVATOR MARKET SIZE WILL BE VALUED AT USD 573.21 MILLION AND TO REACH A VOLUME OF 6874 UNITS BY 2027, GROWING AT A COMPOUND ANNUAL GROWTH RATE (CAGR) OF 3.88% BY VOLUME DURING 2021-2027

The Mexico Crawler Excavator Market Research Report includes by Excavator Type and Operating Weight ((Mini (Less than 6 tons), Small (7-24 tons), Medium (25-40 tons), and Large (above 40 tons)), Application (Construction, Mining, Agriculture, Forestry, and Others), and Gross Power Output (<60 HP, 61-101 HP, 102-200 HP, and >201 HP).

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Most Exhaustive Report

79 Pages

04 Tables

54 Charts

1 Regions

1 Countries

21 Companies

3 Market Segment

MEXICO CRAWLER EXCAVATOR MARKET REPORT SCOPE

Report Attribute Details
MARKET SIZE (VALUE) USD 573.21 MILLION (2027)
MARKET SIZE (VOLUME) 6874 UNITS (2027)
CAGR (VOLUME) 3.88% (2021-2027)
Base Year 2020
Historic Year 2018-2019
Forecast Year 2021-2027
EXCAVATOR TYPE AND OPERATING WEIGHT Mini (Less than 6 tons), Small (7-24 tons), Medium (25-40 tons) and Large (above 40 tons)
APPLICATION Construction, Mining, Agriculture, Forestry, and Others
GROSS POWER OUTPUT <60 HP, 61-101 HP, 102-200 HP, and >201 HP
KEY VENDORS Caterpillar, Komatsu, Hitachi construction machinery, Hyundai Construction Equipment, SANY, Volvo Construction Equipment, Doosan, Kobelco, JCB, and John Deere

MEXICO CRAWLER EXCAVATOR MARKET INSIGHTS

  • Mexico crawler excavator market size in 2021 was valued at USD 454.30 million by revenue and 5470 units by volume.
  • The government focuses on infrastructure development projects through the PPP model that can increase the demand for crawler excavators in Mexico.
  • The increase in investment in mining projects in 2021 is expected to drive the demand for crawler excavators over the forecast period is expected to drive the demand for crawler excavators over the forecast period.
  • The demand for a customized excavator is increasing to maintain high machine utilization and reduce overall operating costs.
  • Mexico’s crawler excavator market by forestry is expected to reach 307 units by 2027, growing at a CAGR of 2.66%.

Mexico Crawler Excavator Market by Volume

MEXICO CRAWLER EXCAVATOR MARKET – SEGMENTATION ANALYSIS

  • The growing of mini excavators is driving OEMs to develop and release more sophisticated models as they are capable of landscaping, excavating, demolishing, and material handling in cities and farms. 
  • Due to rising urbanization and increasing activity in the country's construction sectors, the production and sales of large excavators are expected to boost significantly. The large crawler excavator market in Mexico is expected to reach USD 96 million by 2027, growing at a CAGR of 3.26%.
  • Mexico government’s major focus is on expanding roads and mass transit, Railways lines which will further propel the growth of this segment. Mexico’s 102 HP-200 HP crawler excavator market revenue is expected to reach USD 124.9 million by 2027, growing at a CAGR of 4.02%.

KEY HIGHLIGHTS FROM THE REPORT

  • Contractors have started to focus on small excavators as labor shortage is increasing in the agriculture and forestry industries, which will help the small excavator industry grow in the long run.
  • The government planned to invest in infrastructure development projects estimated at USD 42 billion in 2021, accelerating the demand for the Mexico crawler excavator industry. 
  • CASE Construction equipment Mexico has added the new CX245D SR minimum swing radius excavator to its D Series line. It designs to offer better digging and lifting power in a limited work area.

VENDOR LANDSCAPE

Manufacturers are focusing on providing customized products, owing to a surge in demand for these products. Komatsu has unique global production and sales system. It steps up its manufacturing plants in the areas close to its distribution center to reduce the transportation cost. This system helps them to establish a global network of production and sales bases.

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-

  • Volume (Unit sales)
    • Excavator Type and Operating Weight
    • Application
    • Gross Power Output
  • Value (USD)
    • Excavator Type and Operating Weight
    • Application
    • Gross Power Output
  • Gain competitive intelligence about the economic scenario, advantages in Mexico, major projects and investments, market dynamics, and market share
  • Examples of 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 Mexico crawler excavator market share
  • Complete supply chain analysis
  • Get COVID-19 impact analysis of the market.
  • Company Profile of 12 significant vendors

KEY VENDORS

Key VendorsCaterpillar, Komatsu, Hitachi construction machinery, Hyundai construction equipment, SANY, Volvo Construction Equipment, Doosan, Kobelco, JCB, and John Deere

Other Prominent Vendors: Sumitomo, Xuzhou Construction Machinery Group Co., Ltd. (XCMG), LeeBoy, Kubota Corporation, Liebherr Group, and Case Construction Equipment

Distributor Profiles: Tracsa, ADCOMA, RM Rental Maquinaria, Ibergruas, and Golden equipment company

Frequently Asked Questions

Mexico excavator market will grow at a compound annual growth rate (CAGR) of 3.88% by volume during 2021-2027.
Excavator type and operating weight, application, and gross power are the segments covered in the report.
Caterpillar, Komatsu, Hitachi construction machinery, Hyundai construction equipment, SANY, Volvo Construction Equipment, Doosan, Kobelco, JCB, and John Deere are the top players.
Hitachi Construction Machinery has developed application-specific products that improve the work efficiency of equipment used in building demolition, forestry, mining, and port cargo handling.
Customization according to the end-user, is the key factor driving the growth.
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Vendor abilities to finance the procurement of parts and components required to manufacture and operate excavators are influenced by the purchasing power of contractors. Investments from developed nations, favorable government policies and FDIs, a shift in focus toward local production, and anticipated industrial advancements in the mining, agriculture, and construction industries are all contributing to the increased demand for crawler excavators.

Base Year: 2020

Forecast Year: 2021-2027

Scope: The report considers the present scenario of the Mexico crawler excavator market and its 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 crawler excavator market.

Major Vendors

  • Caterpillar
  • Komatsu
  • Hitachi Construction Machinery
  • Hyundai Construction Equipment
  • SANY
  • Volvo Construction Equipment
  • Doosan Heavy Industries & Construction
  • Kobelco
  • JCB
  • John Deere

Other Prominent Vendors

  • Sumitomo
  • Xuzhou Construction Machinery Group Co., Ltd. (XCMG)
  • LeeBoy
  • Kubota Corporation
  • Liebherr Group
  • Case Construction Equipment

Distributor Profiles

  • Tracsa
  • ADCOMA
  • RM Rental Maquinaria
  • Ibergruas
  • Golden Equipment Company

Market Segmentation by Excavator Type and Operating Weight

  • Mini (less than 6 tons)
  • Small (7-24 tons)
  • Medium (25-40 tons)
  • Large (above 40 tons)

Market Segmentation by Application

  • Construction
  • Mining
  • Agriculture
  • Forestry
  • Others

Market Segmentation by Gross Power Output

  • Less than 60 HP
  • 61-101 HP
  • 102-200 HP
  • Greater than 201 HP

Section 1 – Introduction
• Market Snapshot
• Executive Summary

Section 2 – The Market Overview

Economic Scenario, Advantage Mexico, COVID-19 Impact, COVID-19 Impact analysis, Key Economic Regions in Mexico, Supply Chain Insight

Section 3- Technological Advances
• Technology Adoption by Major Vendors with Examples

Section 4 Market Dynamics
• Market Drivers, Restraints, Trends

Section 5 – Mexico Crawler Excavator Market (Type & Operating Weight)
      1. Mexico Crawler Excavator Market by Type (Operating Weight)
           Mini Crawler Excavator, Market Size and Forecast, Volume & Value, 2018-2027
           Small Crawler Excavator, Market Size and Forecast, Volume & Value, 2018-2027
           Medium Crawler Excavator, Market Size and Forecast, Volume & Value, 2018-2027
           Large Crawler Excavator, Market Size and Forecast, Volume & Value, 2018-2027

  1. Mexico Crawler Excavator Market by Application
     Construction Market Size and Forecast, Volume & Value, 2018-2027
     Mining Market Size and Forecast, Volume & Value, 2018-2027
     Agriculture Market Size and Forecast, Volume & Value, 2018-2027
     Forestry Market Size and Forecast, Volume & Value, 2018-2027
     Other Market Size and Forecast, Volume & Value, 2018-2027
  2. Mexico Crawler Excavator Market by Gross Power
    Gross Power

Gross Power 60 hp- 101 hp Market Size and Forecast, Volume & Value, 2018-2027
Gross Power 102 hp- 201 hp Market Size and Forecast, Volume & Value, 2018-2027
Gross Power>201 hp Market Size and Forecast, Volume & Value, 2018-2027

Section 6 – Market Landscape

Supply Chain Analysis

Section 7 – Competitive Landscape
      1. Company Profile of major Vendors (Komatsu, Hitachi Construction Machinery, Kobelco, Caterpillar, Hyundai Construction Equipment, Doosan, JCB, SANY, Volvo Construction Equipment)
      2. Other Prominent vendors

  1. Distributors Profile

Section 8 – Report Summary
1. Key Insights

Section 9 – Appendix
1. Research Methodology
2. Research Objective
3. Market Definition, Inclusion & Exclusion

 

Exhibit 1             Mexico crawler excavator market by volume (unit sales), 2018-2027

Exhibit 2             Mexico Crawler Excavator Market by Gross Power Output, (% volume share) 2020

Exhibit 3             Mexico Crawler Excavator Market by Volume (Unit Sales) 2018-2027

Exhibit 4             Mexico Crawler Excavator Market by Value ($ MN) 2018-2027

Exhibit 5             Mexico crawler Excavator Market by Application 2020 (% volume share)

Exhibit 6             Mexico Crawler Excavator Market by Type (Operating Weight) 2018-2027 (Unit Sales)

Exhibit 7             Mexico GDP ($BN) 2015-2020

Exhibit 8             Mexico Government Investment in Various Sectors in ($BN)

Exhibit 9             GDP Contribution by State 2019($BN)

Exhibit 10           Major Infrastructure Projects by State % (2021)

Exhibit 11           Mining Revenue by State 2019 (million Pesos)

Exhibit 12           Mexico crawler excavator market by excavator type 2018-2027 (unit sales)

Exhibit 13           Mexico crawler excavator market by gross power output 2018-2027 (unit sales)

Exhibit 14           Mexico crawler excavator market by application 2018-2027 (unit sales)

Exhibit 15           Mexico Mini Excavator Market 2018–2027 (Unit Sales)

Exhibit 16           Mexico Mini Crawler Excavator Market 2018–2027 ($ MN)

Exhibit 17           Mexico Small Excavator Market 2018–2027 (Unit Sales)

Exhibit 18           Mexico Small Crawler Excavator Market 2018–2027 ($ MN)

Exhibit 19           Mexico Medium Excavator Market 2018–2027 (Unit Sales)

Exhibit 20           Mexico Medium Excavator Market 2018–2027 ($ MN)

Exhibit 21           Mexico Large Excavator Market 2018–2027 (Unit Sales)

Exhibit 22           Mexico Large Excavator Market 2018–2027 ($ MN)

Exhibit 23           Infrastructure Project by Sector (%) in 2021

Exhibit 24           Major Infrastructure Projects by State wise in 2021

Exhibit 25           Industry Metal Production Growth (%) in 2020

Exhibit 26           Mining Production of Industrial Metals in (%) 2019

Exhibit 27           Mexico Crawler Excavator Market by Construction 2018–2027 (Unit Sales)

Exhibit 28           Mexico Crawler Excavator Market by Construction 2018–2027 ($ MN)

Exhibit 29           Mexico Crawler Excavator Market by Mining 2018–2027 (Unit Sales)

Exhibit 30           Mexico Crawler Excavator Market by Mining 2018–2027 ($ MN)

Exhibit 31           Mexico Crawler Excavator Market by Agriculture 2018–2027 (Unit Sales)

Exhibit 32           Mexico Crawler Excavator Market by Agriculture 2018–2027 ($ MN)

Exhibit 33           Mexico Crawler Excavator Market by Forestry 2018–2027 (Unit Sales)

Exhibit 34           Mexico Crawler Excavator Market by Forestry 2018–2027 ($ MN)

Exhibit 35           Mexico Crawler Excavator Market by Others 2018–2027 (Unit Sales)

Exhibit 36           Mexico Crawler Excavator Market by Others 2018–2027 ($ MN)

Exhibit 37           Mexico Gross Power Output

Exhibit 38           Mexico Gross Power Output

Exhibit 39           Mexico Gross Power Output 61 HP-101 HP Excavator Market   2018–2027 (Unit Sales)

Exhibit 40           Mexico Gross Power Output 61 HP-101 HP Excavator Market    2018–2027 ($ MN)

Exhibit 41           Mexico Gross Power Output 102 HP-200 HP Excavator Market   2018–2027 (Unit Sales)

Exhibit 42           Mexico Gross Power Output 102 HP-200 HP Excavator Market   2018–2027 ($ MN)

Exhibit 43           Mexico Gross Power Output >201 HP Excavator Market   2018–2027 (Unit Sales)

Exhibit 44           Mexico Gross Power Output >201 HP Excavator Market   2018–2027 ($ MN)

Exhibit 45           Caterpillar; total revenue 2018-2020 ($ billion)

Exhibit 46           Caterpillar, total revenue by segment 2019 ($ billion)

Exhibit 47           Komatsu; total revenue 2018-2020 ($ billion)

Exhibit 48           Komatsu; total revenue by segment 2019 ($ billion)

Exhibit 49           HITACHI Construction Machinery; total revenue 2018-2020($billion)

Exhibit 50           Hitachi construction Machinery; total revenue by segment 2019-2020 ($ billion)

Exhibit 51           Hyundai construction equipment; total revenue 2018-2020 ($ billion)

Exhibit 52           Hyundai Construction Equipment, total revenue by segment 2019 ($ billion)

Exhibit 53           JCB, total Revenue by Segment 2019-2020 (%)

Exhibit 54           John Deere, Total Revenue by Segment in 2019-2020

LIST OF TABLES

Table 1              Government Expenditure on Infrastructure Projects

Table 2              Investment in Mining Projects

Table 3              Crawler Excavator YOY Growth by Volume

Table 4              Key Insights

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