Latin America’s Construction Equipment Market: Projected Surges and Beyond, Insights till 2032

The Latin American construction equipment market is expected to grow from US$ 8,676.6 Million in 2022 to US$ 13,586.7 Million by 2032, with overall sales exhibiting a CAGR of 4.6% throughout the forecast period.

Rising investments by the government in developing and expanding public infrastructure is a key factor expected to drive the demand for construction equipment across Latin America during the forecast period.

Similarly, progress in the logistics and transportation industries, as well as the presence of supportive government initiatives for infrastructure development, are expected to drive the Latin American construction equipment market during the forecast period.

Furthermore, the rapid growth of the residential sector due to the growing population and rapid urbanization across Latin American countries like Brazil, Mexico, and Chile will boost sales of construction equipment over the next ten years.

Request For Sample Report: Elevate Your Industry Intelligence with Actionable Insights
https://www.futuremarketinsights.com/reports/sample/rep-gb-15928

Manufacturers are continuously innovating to develop energy-efficient and low-emission construction equipment to expand their customer base as well as to increase their revenue share. This will bode well for the Latin American construction equipment.

Key Takeaways of Construction Equipment Market Study

  • Based on equipment type, the earth-moving machinery segment is projected to increase at a value CAGR of 4.8% to reach around US$ 8,962.2 Mn by the end of 2032.
  • In terms of end use, the industrial & institutional segment is anticipated to create an absolute dollar opportunity worth US$ 1,886.7 Million.
  • By drive type, the hydraulic segment is projected to account for around 65% share by the end of the forecast period.
  • Mexico is anticipated to account for 30% market share of the global Latin America construction equipment market by the end of 2032.
  • Demand for construction equipment in Brazil is likely to surge at 5.4% CAGR during the forecast period.
  • The overall construction equipment market in Chile is expected to grow at 5.1% CAGR through 2032.

“The development of low-cost machines with better efficiency and low emissions is expected to accelerate the growth of the Latin American construction equipment market in the upcoming years,” says Future Market Insights analyst

Competitive Landscape

The Latin American construction equipment market is consolidated owing to the presence of global players across the region. Manufacturers are mainly engaged in the research and development, manufacturing, sales, and services of high-tech equipment, such as construction machinery, as well as the provision of financial services such as finance leasing. They aim to build a high-end equipment manufacturing enterprise that integrates engineering machinery, equipment, and financial services.

Key Companies Profiled:

  • Caterpillar Inc.
  • Komatsu Ltd.
  • Deere & Company
  • CNH Industrial N.V
  • Sany Heavy Industry Co., Ltd.
  • Zoomlion Heavy Industry Science & Technology Co., Ltd
  • Liebherr-International AG
  • Zoomlion Heavy Industry Science and Technology Co., Ltd.
  • KOBELCO Construction Machinery Co., Ltd.

More Insights into the Construction Equipment Market Report

In its latest report, Future Market Insights offers an unbiased analysis of the Latin America Construction Equipment market, providing historical data from 2017 to 2021 and forecast statistics for the period 2022 to 2032. To understand the Latin America market potential, growth, and scope, the market is segmented based on equipment type, drive type, power output, sales channel, end-use, and country.

About Future Market Insights – Industrial Automation

The Industrial Automation division of Future Market Insights offers a novel approach and innovative perspective in analyzing the industrial automation market. Comprehensive coverage of capital, portable, process, construction, industrial, and special purpose machinery across the manufacturing sector and distinctive analysis of the installed base, consumables, replacement, and USP-feature-application matrix make us a pioneering voice in the industry. We are preferred associates with established as well as budding industry stakeholders and channel partners when it comes to sustaining, growing, and identifying new revenue prospects.

Seize this Opportunity for Detailed Market Intel: Purchase Now to Access Comprehensive Segmented Information, Identify Key Trends, Drivers, and Challenges
https://www.futuremarketinsights.com/checkout/15928

Key Segments Covered in Latin America Construction Equipment Industry Analysis

By Equipment Type:

  • Earth Moving Machinery
    • Excavator
    • Loader
    • Others
  • Construction Material Handling Machinery
    • Crawler Cranes
    • Trailer Mounted Cranes
    • Truck Mounted Cranes
  • Concrete and Road Construction Machinery
    • Concrete Mixer & Pavers
    • Construction Pumps
    • Articulated Dump Truck
    • Asphalt Finisher
    • Backhoe Loader
    • Road Roller
    • Others

By Drive Type:

  • Hydraulic
  • Electric and Hybrid

By Power Output:

  • <100 HP
  • 101–200 HP
  • 201–400 HP
  • >400 HP

By Sales Channel:

  • New
  • Used

By End Use:

  • Residential
  • Commercial
  • Industrial and Institutional

By Country:

  • Brazil
  • Mexico
  • Argentina
  • Peru
  • Chile
  • Rest of Latin America

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI is the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Contact Us:        

Nandini Singh Sawlani   

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: 
sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
LinkedInTwitterBlogs | YouTube

About the Author

Nikhil Kaitwade

Associate Vice President at Future Market Insights, Inc. has over a decade of experience in market research and business consulting. He has successfully delivered 1500+ client assignments, predominantly in Automotive, Chemicals, Industrial Equipment, Oil & Gas, and Service industries.
His core competency circles around developing research methodology, creating a unique analysis framework, statistical data models for pricing analysis, competition mapping, and market feasibility analysis. His expertise also extends wide and beyond analysis, advising clients on identifying growth potential in established and niche market segments, investment/divestment decisions, and market entry decision-making.
Nikhil holds an MBA degree in Marketing and IT and a Graduate in Mechanical Engineering. Nikhil has authored several publications and quoted in journals like EMS Now, EPR Magazine, and EE Times.

Leave a Reply

Your email address will not be published. Required fields are marked *

You may also like these