Latin America Construction Equipment Market by Equipment Type, Drive Type, Power Output, Sales Channel, End Use & Region | Forecast 2022 to 2032
From Antiquity to Modern Era - Explore How Construction Equipment Technology is Shaping the Future of Construction Across Brazil, Mexico, Chile, Argentina, and Other Latin American Countries with FMI's New Report!
Latin America Construction Equipment Market Outlook (2022 to 2032)
Latin America construction equipment market size is expected to grow from US$ 8,676.6 Million in 2022 to US$ 13,586.7 Million by the end of 2032. Furthermore, with increasing government spending in construction and mining activities, the overall sales of construction equipment across Latin America are projected to surge at 4.6% CAGR between 2022 and 2032.
Construction equipment refers to heavy machines designed to execute construction tasks, most frequently involving earthwork operations and other large construction tasks. This equipment helps in increasing the rate of output through work progress with the best effective and efficient methods. They help construction companies significantly improve their productivity, reduce labor costs, and minimize errors.
In civil construction and infrastructure development, construction equipment is mostly utilized for loading and unloading, extraction services, etc. Increasing investments in the construction of infrastructure, including roads, bridges, and railroads are providing a major impetus to the growth of the Latin America construction equipment industry.
In recent years, governmental organizations across nations like Brazil, Mexico, and Peru have all increased their investments to strengthen their economies. They are committed to developing and expanding the public infrastructure. This in turn is creating growth prospects for the Latin America construction equipment industry.
Similarly, the growing penetration of mechanization in the construction industry for reducing labor requirements and costs, improving productivity, and eliminating the risk of errors is expected to generate lucrative opportunities for construction equipment manufacturers.
To cope with this rising trend of mechanization, manufacturers are continuously innovating to develop high-tech construction machines with enhanced features.
Currently, the Latin America construction equipment industry accounts for 5 to 7% of the global construction equipment market on a value basis and this number is likely to further increase during the forthcoming decade on the back of flourishing residential and construction sectors.
With Latin America, Mexico is expected to hold a dominant share during the forecast period owing to the increasing construction activities and favorable government support. Mexico’s government is committed to transforming the country into a world-class logistics platform by promoting the development of infrastructure as well as maintaining the existing one while encouraging balanced regional development and sustainable urban growth. This is creating lucrative opportunities for construction equipment manufacturers.
Thriving Construction Sector Bringing Technological Advances in Construction Equipment
The construction industry’s growth is in the midst of a dynamic period of fast modernization. In many respects, construction equipment manufacturers are beginning to resemble Silicon Valley tech businesses that are making advances in low-emission equipment, equipment automation, and informatics.
Construction equipment like mini cranes is gaining wider popularity due to their compactness, relatively lightweight, and ability to run on electric power & closed spaces.
Furthermore, the increasing investment in the construction and mining industries boosts the use of the latest technology in construction equipment, allowing projects to be completed efficiently which is among the economic recovery strategy.
Other manufacturers of construction equipment, like LiuGong and Hyundai, are anticipated to follow the same pattern in the Argentine market. During the projection period, the construction industry is anticipated to generate the highest demand for construction equipment as a result of various construction projects launched by governments.
Attribute
Key Insights
Latin America Construction Equipment Market Base Value (2021A)
US$ 8,335.9 Million
Estimated Market Value (2022E)
US$ 8,676.6 Million
Projected Market Value (2032F)
US$ 13,586.7 Million
Value-based CAGR (2022 to 2032)
4.6%
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Demand Analysis of Construction Equipment from 2017 to 2021 Vs Market Forecast for 2022 to 2032
According to Future Market Insights, the global demand for construction equipment increased by volume at a CAGR of 2.2% during the historical period from 2017 to 2021 and totaled a valuation of US$ 8,335.9 Million at the end of 2021.
However, with the rapid growth of residential, commercial, and industrial sectors across countries like Mexico, Brazil, and Chile, the overall market for construction equipment is projected to grow at 4.6% CAGR between 2022 and 2032.
Construction operations formerly relied on sluggish, conventional techniques which would incur huge labor costs. In order to make construction easier, faster, and cost-efficient, companies across Latin America are increasingly opting for advanced construction equipment like excavators, cranes, loaders, concrete mixers, etc. This is playing a key role in boosting the Latin America construction equipment industry.
Construction equipment helps end users in the timely completion of projects, quality output, increased productivity, reliability, and safety. As a result, more and more construction companies across countries like Brazil, Argentina, and Mexico have now shifted their focus toward advanced construction technologies.
Similarly, due to the necessity for modernized and automated building processes, there is a growing need for construction equipment with more sophisticated intelligent characteristics, such as remote access devices, automatic controls, and more sophistication as compared to human labor. Estimates state that with every 0.5% growth in mechanization, the need for construction equipment would rise by $30 to 35 billion during the forecast period between 2022 and 2032.
What are the Key Trends Shaping the Latin America Construction Equipment Market?
Innovation in Construction Equipment to Expand the Latin America Market
The overall market for construction equipment in Latin America is projected to create an incremental dollar opportunity of US$ 4,910.1 Million between 2022 and 2032. One of the key trends driving the construction equipment industry forward in Latin America is the development of technologically advanced construction equipment. The demand for these automated solutions is rising owing to their increased productivity with minimum errors and reduced effort.
Autonomous operating technology is becoming more popular in construction equipment as it improves productivity, ensures safety, and lowers unscheduled maintenance. During the projected period, this will produce possibilities for the market to expand and change. For instance, XCMG promoted its digital transformation based on the new Intelligent Manufacturing 4.0 model, bolstering the design and development of the new generation of information technologies, including big data, artificial intelligence, 5G, industrial internet, and digital twin, as well as accelerating intelligent manufacturing to reach the leading position.
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Country-wise Insights
Will Mexico Retain its Dominance in the Latin America Construction Equipment Industry?
Flourishing Construction Industry Generating High Demand in Mexico
By 2032, Mexico is anticipated to account for around 30% of the Latin America market and is projected to expand at a CAGR of 4.8%. The government's investments in public infrastructures, such as roads, airports, public transportation infrastructure, and the energy sector, are expected to fuel growth in Mexico’s construction equipment industry.
Due to the government's plan to achieve carbon-neutral targets by 2040, investment in renewable energy projects has increased substantially in Latin America. This will continue to generate high demand for construction equipment.
Similarly, the booming construction industry in the country is expected to generate high demand for construction equipment like excavators, cranes, concrete mixers & pavers, construction pumps, and asphalt finishers during the forecast period.
According to a report published by the International Trade Administration, the construction industry value in Mexico reached US$ 88.14 billion in 2021 and is likely to surpass US$ 96.77 Billion by 2022. This will eventually create prospects for construction equipment manufacturers during the assessment period.
Why is Brazil Emerging as a Lucrative Construction Equipment Market?
Increasing Investments in Commercial Construction Activities Boosting Market in Brazil
Brazil's construction equipment market size reached US$ 1,700.2 Million in 2021 and it is expected to grow by 150 basis points between 2022 and 2032.
The growth prospects of Brazil’s construction industry are highly supported by the increasing investments in telecommunication, transport, renewable energy, and the housing sectors, which are estimated to create significant opportunities for Brazilian construction equipment manufacturers during the forecast period.
In addition to these, the rapid growth of the commercial construction sector, improvement in retail and tourism activities, and increasing private and public investment to modernize the country’s transport sector, are expected to boost sales of construction equipment in the Brazilian market. A CAGR of 5.4% has been predicted by FMI for the Brazilian construction equipment industry for the projection period (2022 to 2032).
Category-wise Insights
Which Drive Type is More Popular Among Latin Americans?
End Users in Latin America Prefer Hydraulic Construction Equipment
Based on the drive type, the hydraulic segment is expected to account for more than 60% share of the overall market, and this dominance is expected to continue throughout the forecast period. This can be attributed to the rising end-user preference for hydraulic construction equipment due to various benefits.
The benefits of hydraulic construction equipment like its versatile control, reliability, and power density make it the best choice for construction sites that require long-lasting reliability, power, and control. The development of the construction sector and integration of automation in hydraulic equipment will further boost the growth of this segment during the forecast period.
On the other hand, the electric & hybrid construction equipment segment is expected to grow at the highest rate of 5.1% and is expected to create an absolute dollar opportunity of US$ 1,902.0 Million between 2022 and 2032.
Which is the Top Selling Equipment Type in the Market?
Earth Moving Machinery to Remain the Highly Sought-After Equipment Type
Based on equipment type, the earth-moving machinery segment size stood at US$ 5,597.5 Million in 2022 and it is projected to reach US$ 8,962.2 Million in 2032. Furthermore, a steady CAGR of 4.8% has been predicted by FMI for earth moving machinery segment for the forecast period of 2022 to 2032.
This growth is driven by the high demand for equipment such as excavators, loaders, and other heavy equipment, which are considered to be important resources for quarrying and demolishing activities in the construction sectors.
Similarly, a rise in the number of new mining and construction projects across countries like Brazil, Chile, Mexico, and Argentina will further boost the sales of earth-moving machines during the forecast period.
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Competitive Landscape
Key players are increasingly adopting a wide range of organic and inorganic strategies such as new product launches in Latin American countries, strengthening distribution channels, mergers, acquisitions, and partnerships to gain a competitive edge in the market.
Potential opportunities for prominent players depend upon their understanding of regional schemes and marketing tactics, in which new product launches are one of the prime strategies, including highly innovative products with reduced product costs, which enhance their product portfolio and help them gain market compatibility with future market trends. Some of the recent development in the market are given below:
In March 2022, Hitachi Construction Machinery Americas Inc. (HCMA), officially kicked off a new era in North America and Latin America. HCMA will now officially lead the Hitachi brand’s construction and mining equipment sales and service support efforts.
In October 2021, Volvo introduced the new high-tech excavator EC380EL in Chile to meet end-user demands.
In September 2021, Kobelco Construction Machinery Co., Ltd., took over the commercial distribution of hydraulic excavators in Latin America from its USA subsidiary, Kobelco Construction Machinery USA Inc.
Latin America Construction Equipment Report Scope
Attribute
Details
Estimated Market Size (2022)
US$ 8,676.6 Million
Projected Market Size (2032)
US$ 13,586.7 Million
Anticipated Market Size (2022 to 2032)
4.6% CAGR
Forecast Period
2022 to 2032
Historical Data Available for
2017 to 2021
Market Analysis
US$ Million for Value
Key Countries Covered
Brazil, Mexico, Argentina, Peru, Chile, Rest of Latin America
Key Market Segments Covered
Equipment Type, Drive Type, Diameter, Power Output, Sales Channel, End Use, and Countries
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.
Report Coverage
Market Forecast, brand share analysis, competition intelligence, Drivers, Restraints, Opportunities, and Threats analysis, Market Dynamics and Challenges, Strategic Growth Initiatives
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
Frequently Asked Questions
How big is the market for construction equipment in Latin America?
The Latin America construction equipment market is currently valued at US$ 8,676.6 Million.
At what rate will demand for construction equipment grow across Latin America between 2022 and 2032?
Demand for construction equipment across Latin America is poised to rise at 4.6% CAGR between 2022 and 2032.
What is the estimated valuation for Latin America construction equipment industry by 2032?
The overall market for construction equipment in Latin America is expected to reach a valuation of US$ 13,586.7 Million by 2032.
Who are the top five manufacturers of construction equipment worldwide?
Caterpillar Inc., Komatsu Ltd., Deere & Company, Sany Heavy Industry Co., Ltd., and Liebherr-International AG are the top manufacturers of construction equipment.
Which equipment type dominates the global market?
The earth-moving equipment segment leads the global market with a volume share of more than 40% in 2022.
Which end use industry holds the maximum potential for the growth of construction equipment industry?
Residential and industrial & institutional construction segments are estimated to collectively account for about 65% of the total market share in 2022.
Table of Content
1. Executive Summary | Latin America Construction Equipment Market
1.1. Market Outlook
1.2. Demand Side Trends
1.3. Supply Side Trends
1.4. Technology Roadmap
1.5. Analysis and Recommendations
2. Market Overview
2.1. Market Coverage / Taxonomy
2.2. Market Definition / Scope / Limitations
3. Key Market Trends
3.1. Key Trends Impacting the Market
3.2. Product Innovation / Development Trends
4. Key Success Factors
4.1. Product Adoption / Usage Analysis
4.2. Product USPs / Features
4.3. Strategic Promotional Strategies
5. Market Demand Analysis 2017 to 2021 and Forecast, 2022 to 2032
5.1. Historical Market Volume (Units) Analysis, 2017 to 2021
5.2. Current and Future Market Volume (Units) Projections, 2022 to 2032
5.3. Y-o-Y Growth Trend Analysis
6. Market - Pricing Analysis
6.1. Pricing Analysis By Equipment Type
6.2. Average Pricing Analysis Benchmark
7. Market Demand (in Value or Size in US$ Million) Analysis 2017 to 2021 and Forecast, 2022 to 2032
7.1. Historical Market Value (US$ Million) Analysis, 2017 to 2021
7.2. Current and Future Market Value (US$ Million) Projections, 2022 to 2032
7.2.1. Y-o-Y Growth Trend Analysis
7.2.2. Absolute $ Opportunity Analysis
8. Market Background
8.1. Macro-Economic Factors
8.1.1. Economic Outlook
8.1.2. GDP Growth Outlook
8.1.3. Construction Industry Outlook
8.1.4. Urbanization and Infrastructure Outlook
8.1.5. Other Macro-Economic Factors
8.2. Forecast Factors - Relevance & Impact
8.2.1. Top Companies Historical Growth
8.2.2. GDP Growth Outlook
8.2.3. Government Regulations
8.2.4. Construction Sector Growth Outlook
8.2.5. Investment in Construction and Infrastructure
8.2.6. Other Forecast Factors
8.3. Value Chain
8.3.1. List of Manufacturers
8.3.2. List of Distributors
8.3.3. Trade Margins/Profit Margins
8.4. COVID-19 Crisis – Impact Assessment
8.4.1. Current Statistics
8.4.2. Short-Mid-Long Term Outlook
8.4.3. Likely Rebound
8.5. Market Dynamics
8.5.1. Drivers
8.5.2. Restraints
8.5.3. Opportunity Analysis
9. Market Analysis 2017 to 2021 and Forecast 2022 to 2032, by Equipment Type
9.1. Introduction / Key Findings
9.2. Historical Market Size (US$ Million) and Volume Analysis By Equipment Type, 2017 to 2021
9.3. Current and Future Market Size (US$ Million) and Volume Analysis and Forecast By Equipment Type, 2022 to 2032
9.3.1. Earth Moving Machinery
9.3.1.1. Excavator
9.3.1.2. Loader
9.3.1.3. Others
9.3.2. Construction Material Handling Machinery
9.3.2.1. Crawler Cranes
9.3.2.2. Trailer Mounted Cranes
9.3.2.3. Truck-Mounted Cranes
9.3.3. Concrete and Road Construction Machinery
9.3.3.1. Concrete Mixer & Pavers
9.3.3.2. Construction Pumps
9.3.3.3. Articulated Dump Truck
9.3.3.4. Asphalt Finisher
9.3.3.5. Backhoe Loader
9.3.3.6. Road Roller
9.3.3.7. Others
9.4. Market Attractiveness Analysis By Equipment Type
10. Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Drive Type
10.1. Introduction / Key Findings
10.2. Historical Market Size (US$ Million) and Volume Analysis By Drive Type, 2017 to 2021
10.3. Current and Future Market Size (US$ Million) and Volume Analysis and Forecast By Drive Type, 2022 to 2032
10.3.1. Hydraulic
10.3.2. Electric and Hybrid
10.4. Market Attractiveness Analysis By Drive Type
11. Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Power Output
11.1. Introduction / Key Findings
11.2. Historical Market Size (US$ Million) and Volume Analysis By Power Output, 2017 to 2021
11.3. Current and Future Market Size (US$ Million) and Volume Analysis and Forecast By Power Output, 2022 to 2032
11.3.1. <100 HP
11.3.2. 101–200 HP
11.3.3. 201–400 HP
11.3.4. >400 HP
11.4. Market Attractiveness Analysis By Power Output
12. Market Analysis 2017 to 2021 and Forecast 2022 to 2032, by Sales Channel
12.1. Introduction / Key Findings
12.2. Historical Market Size (US$ Million) and Volume Analysis By Sales Channel, 2017 to 2021
12.3. Current and Future Market Size (US$ Million) and Volume Analysis and Forecast By Sales Channel, 2022 to 2032
12.3.1. New
12.3.2. Used
12.4. Market Attractiveness Analysis By Sales Channel
13. Market Analysis 2017 to 2021 and Forecast 2022 to 2032, by End Use
13.1. Introduction / Key Findings
13.2. Historical Market Size (US$ Million) and Volume Analysis By End Use, 2017 to 2021
13.3. Current and Future Market Size (US$ Million) and Volume Analysis and Forecast By End Use, 2022 to 2032
13.3.1. Residential
13.3.2. Commercial
13.3.3. Industrial and Institutional
13.4. Market Attractiveness Analysis By End Use
14. Market Analysis 2017 to 2021 and Forecast 2022 to 2032, by Country
14.1. Introduction
14.2. Historical Market Size (US$ Million) and Volume Analysis By Country, 2017 to 2021
14.3. Current Market Size (US$ Million) and Volume Analysis and Forecast By Country, 2022 to 2032
14.3.1. Brazil
14.3.2. Mexico
14.3.3. Argentina
14.3.4. Peru
14.3.5. Chile
14.3.6. Rest of
14.4. Market Attractiveness Analysis By Country
15. Brazil Market Analysis 2017 to 2021 and Forecast 2022 to 2032
15.1. Introduction
15.2. Historical Market Size (US$ Million) and Volume Trend Analysis By Market Taxonomy, 2017 to 2021
15.3. Market Size (US$ Million) and Volume Forecast By Market Taxonomy, 2022 to 2032
15.3.1. By Equipment Type
15.3.2. By Drive Type
15.3.3. By Power Output
15.3.4. By Sales Channel
15.3.5. By End Use
15.4. Market Attractiveness Analysis
15.4.1. By Equipment Type
15.4.2. By Drive Type
15.4.3. By Power Output
15.4.4. By Sales Channel
15.4.5. By End Use
16. Mexico Market Analysis 2017 to 2021 and Forecast 2022 to 2032
16.1. Introduction
16.2. Historical Market Size (US$ Million) and Volume Trend Analysis By Market Taxonomy, 2017 to 2021
16.3. Market Size (US$ Million) and Volume Forecast By Market Taxonomy, 2022 to 2032
16.3.1. By Equipment Type
16.3.2. By Drive Type
16.3.3. By Power Output
16.3.4. By Sales Channel
16.3.5. By End Use
16.4. Market Attractiveness Analysis
16.4.1. By Equipment Type
16.4.2. By Drive Type
16.4.3. By Power Output
16.4.4. By Sales Channel
16.4.5. By End Use
17. Argentina Market Analysis 2017 to 2021 and Forecast 2022 to 2032
17.1. Introduction
17.2. Historical Market Size (US$ Million) and Volume Trend Analysis By Market Taxonomy, 2017 to 2021
17.3. Market Size (US$ Million) and Volume Forecast By Market Taxonomy, 2022 to 2032
17.3.1. By Equipment Type
17.3.2. By Drive Type
17.3.3. By Power Output
17.3.4. By Sales Channel
17.3.5. By End Use
17.4. Market Attractiveness Analysis
17.4.1. By Equipment Type
17.4.2. By Drive Type
17.4.3. By Power Output
17.4.4. By Sales Channel
17.4.5. By End Use
18. Peru Market Analysis 2017 to 2021 and Forecast 2022 to 2032
18.1. Introduction
18.2. Historical Market Size (US$ Million) and Volume Trend Analysis By Market Taxonomy, 2017 to 2021
18.3. Market Size (US$ Million) and Volume Forecast By Market Taxonomy, 2022 to 2032
18.3.1. By Equipment Type
18.3.2. By Drive Type
18.3.3. By Power Output
18.3.4. By Sales Channel
18.3.5. By End Use
18.4. Market Attractiveness Analysis
18.4.1. By Equipment Type
18.4.2. By Drive Type
18.4.3. By Power Output
18.4.4. By Sales Channel
18.4.5. By End Use
19. Chile Market Analysis 2017 to 2021 and Forecast 2022 to 2032
19.1. Introduction
19.2. Historical Market Size (US$ Million) and Volume Trend Analysis By Market Taxonomy, 2017 to 2021
19.3. Market Size (US$ Million) and Volume Forecast By Market Taxonomy, 2022 to 2032
19.3.1. By Equipment Type
19.3.2. By Drive Type
19.3.3. By Power Output
19.3.4. By Sales Channel
19.3.5. By End Use
19.4. Market Attractiveness Analysis
19.4.1. By Equipment Type
19.4.2. By Drive Type
19.4.3. By Power Output
19.4.4. By Sales Channel
19.4.5. By End Use
20. Rest of Market Analysis 2017 to 2021 and Forecast 2022 to 2032
20.1. Introduction
20.2. Historical Market Size (US$ Million) and Volume Trend Analysis By Market Taxonomy, 2017 to 2021
20.3. Market Size (US$ Million) and Volume Forecast By Market Taxonomy, 2022 to 2032
20.3.1. By Equipment Type
20.3.2. By Drive Type
20.3.3. By Power Output
20.3.4. By Sales Channel
20.3.5. By End Use
20.4. Market Attractiveness Analysis
20.4.1. By Equipment Type
20.4.2. By Drive Type
20.4.3. By Power Output
20.4.4. By Sales Channel
20.4.5. By End Use
21. Market Structure Analysis
21.1. Market Analysis by Tier of Companies
21.2. Market Share Analysis of Top Players
21.3. Market Presence Analysis
21.4. Key Players Brand Mapping
22. Competition Analysis
22.1. Competition Dashboard
22.2. Competition Benchmarking
22.3. Competition Deep Dive
22.3.1. Caterpillar Inc
22.3.1.1. Overview
22.3.1.2. Product Portfolio
22.3.1.3. Profitability by Market Segments (Equipment Type/Drive Type/Power Output/Sales Channel/End Use/Country)
22.3.1.4. Sales Footprint
22.3.1.5. Strategy Overview
22.3.2. CNH Industrial N.V
22.3.2.1. Overview
22.3.2.2. Product Portfolio
22.3.2.3. Profitability by Market Segments (Equipment Type/Drive Type/Power Output/Sales Channel/End Use/Country)
22.3.2.4. Sales Footprint
22.3.2.5. Strategy Overview
22.3.3. Doosan Corporation
22.3.3.1. Overview
22.3.3.2. Product Portfolio
22.3.3.3. Profitability by Market Segments (Equipment Type/Drive Type/Power Output/Sales Channel/End Use/Country)
22.3.3.4. Sales Footprint
22.3.3.5. Strategy Overview
22.3.4. Escorts Limited
22.3.4.1. Overview
22.3.4.2. Product Portfolio
22.3.4.3. Profitability by Market Segments (Equipment Type/Drive Type/Power Output/Sales Channel/End Use/Country)
22.3.4.4. Sales Footprint
22.3.4.5. Strategy Overview
22.3.5. Hitachi Construction Machinery Co. Ltd.
22.3.5.1. Overview
22.3.5.2. Product Portfolio
22.3.5.3. Profitability by Market Segments (Equipment Type/Drive Type/Power Output/Sales Channel/End Use/Country)
22.3.5.4. Sales Footprint
22.3.5.5. Strategy Overview
22.3.6. Hyundai Co. Ltd.
22.3.6.1. Overview
22.3.6.2. Product Portfolio
22.3.6.3. Profitability by Market Segments (Equipment Type/Drive Type/Power Output/Sales Channel/End Use/Country)
22.3.6.4. Sales Footprint
22.3.6.5. Strategy Overview
22.3.7. J C Bamford Excavators Ltd.
22.3.7.1. Overview
22.3.7.2. Product Portfolio
22.3.7.3. Profitability by Market Segments (Equipment Type/Drive Type/Power Output/Sales Channel/End Use/Country)
22.3.7.4. Sales Footprint
22.3.7.5. Strategy Overview
22.3.8. Deere & Company
22.3.8.1. Overview
22.3.8.2. Product Portfolio
22.3.8.3. Profitability by Market Segments (Equipment Type/Drive Type/Power Output/Sales Channel/End Use/Country)
22.3.8.4. Sales Footprint
22.3.8.5. Strategy Overview
22.3.9. Kobelco Construction Machinery Co. Ltd.
22.3.9.1. Overview
22.3.9.2. Product Portfolio
22.3.9.3. Profitability by Market Segments (Equipment Type/Drive Type/Power Output/Sales Channel/End Use/Country)
22.3.9.4. Sales Footprint
22.3.9.5. Strategy Overview
22.3.10. Komatsu Ltd.
22.3.10.1. Overview
22.3.10.2. Product Portfolio
22.3.10.3. Profitability by Market Segments (Equipment Type/Drive Type/Power Output/Sales Channel/End Use/Country)
22.3.10.4. Sales Footprint
22.3.10.5. Strategy Overview
22.3.11. Liebherr-International AG
22.3.11.1. Overview
22.3.11.2. Product Portfolio
22.3.11.3. Profitability by Market Segments (Equipment Type/Drive Type/Power Output/Sales Channel/End Use/Country)
22.3.11.4. Sales Footprint
22.3.11.5. Strategy Overview
22.3.12. Manitou BF
22.3.12.1. Overview
22.3.12.2. Product Portfolio
22.3.12.3. Profitability by Market Segments (Equipment Type/Drive Type/Power Output/Sales Channel/End Use/Country)
22.3.12.4. Sales Footprint
22.3.12.5. Strategy Overview
22.3.13. Sany Heavy Industry Co., Ltd.
22.3.13.1. Overview
22.3.13.2. Product Portfolio
22.3.13.3. Profitability by Market Segments (Equipment Type/Drive Type/Power Output/Sales Channel/End Use/Country)
22.3.13.4. Sales Footprint
22.3.13.5. Strategy Overview
22.3.14. Sumitomo Heavy Industries, Ltd.
22.3.14.1. Overview
22.3.14.2. Product Portfolio
22.3.14.3. Profitability by Market Segments (Equipment Type/Drive Type/Power Output/Sales Channel/End Use/Country)
22.3.14.4. Sales Footprint
22.3.14.5. Strategy Overview
22.3.15. Terex Corporation
22.3.15.1. Overview
22.3.15.2. Product Portfolio
22.3.15.3. Profitability by Market Segments (Equipment Type/Drive Type/Power Output/Sales Channel/End Use/Country)
22.3.15.4. Sales Footprint
22.3.15.5. Strategy Overview
22.3.16. Volvo AB
22.3.16.1. Overview
22.3.16.2. Product Portfolio
22.3.16.3. Profitability by Market Segments (Equipment Type/Drive Type/Power Output/Sales Channel/End Use/Country)
22.3.16.4. Sales Footprint
22.3.16.5. Strategy Overview
22.3.17. Zoomlion Heavy Industry Science & Technology Co., Ltd
22.3.17.1. Overview
22.3.17.2. Product Portfolio
22.3.17.3. Profitability by Market Segments (Equipment Type/Drive Type/Power Output/Sales Channel/End Use/Country)
22.3.17.4. Sales Footprint
22.3.17.5. Strategy Overview
22.3.18. Xuzhou Construction Machinery Group
22.3.18.1. Overview
22.3.18.2. Product Portfolio
22.3.18.3. Profitability by Market Segments (Equipment Type/Drive Type/Power Output/Sales Channel/End Use/Country)
22.3.18.4. Sales Footprint
22.3.18.5. Strategy Overview
22.3.19. ULMA Group
22.3.19.1. Overview
22.3.19.2. Product Portfolio
22.3.19.3. Profitability by Market Segments (Equipment Type/Drive Type/Power Output/Sales Channel/End Use/Country)
22.3.19.4. Sales Footprint
22.3.19.5. Strategy Overview
22.3.20. Schaeffler
22.3.20.1. Overview
22.3.20.2. Product Portfolio
22.3.20.3. Profitability by Market Segments (Equipment Type/Drive Type/Power Output/Sales Channel/End Use/Country)
22.3.20.4. Sales Footprint
22.3.20.5. Strategy Overview
Note: The list of companies is subject to refinement and augmentation during the course of research
23. Assumptions and Acronyms Used24. Research Methodology
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List of Tables
Table 01: Market Volume (Units) Historical Data 2017 to 2021 and Forecast 2022 to 2032 by Equipment Type
Table 02: Market Value (US$ Million) Historical Data 2017 to 2021 and Forecast 2022 to 2032 by Equipment Type
Table 03: Market Value (US$ Million) and Volume (Units) Historical Data 2017 to 2021 and Forecast 2022 to 2032 by Drive Type
Table 04: Market Value (US$ Million) and Volume (Units) Historical Data 2017 to 2021 and Forecast 2022 to 2032 By Power Output
Table 05: Market Value (US$ Million) and Volume (Units) Historical Data 2017 to 2021 and Forecast 2022 to 2032 By Sales Channel
Table 06: Market Value (US$ Million) and Volume (Units) Historical Data 2017 to 2021 and Forecast 2022 to 2032 By End Use
Table 07: Market Value (US$ Million) and Volume (Units) Historical Data 2017 to 2021 and Forecast 2022 to 2032 By Country
Table 08: Brazil Market Volume (Units) Historical Data 2017 to 2021 and Forecast 2022 to 2032 by Equipment Type
Table 09: Brazil Market Value (US$ Million) Historical Data 2017 to 2021 and Forecast 2022 to 2032 by Equipment Type
Table 10: Brazil Market Value (US$ Million) and Volume (Units) Historical Data 2017 to 2021 and Forecast 2022 to 2032 by Drive Type
Table 11: Brazil Market Value (US$ Million) and Volume (Units) Historical Data 2017 to 2021 and Forecast 2022 to 2032 By Power Output
Table 12: Brazil Market Value (US$ Million) and Volume (Units) Historical Data 2017 to 2021 and Forecast 2022 to 2032 By Sales Channel
Table 13: Brazil Market Value (US$ Million) and Volume (Units) Historical Data 2017 to 2021 and Forecast 2022 to 2032 By End Use
Table 14: Mexico Market Volume (Units) Historical Data 2017 to 2021 and Forecast 2022 to 2032 by Equipment Type
Table 15: Mexico Market Value (US$ Million) Historical Data 2017 to 2021 and Forecast 2022 to 2032 by Equipment Type
Table 16: Mexico Market Value (US$ Million) and Volume (Units) Historical Data 2017 to 2021 and Forecast 2022 to 2032 by Drive Type
Table 17: Mexico Market Value (US$ Million) and Volume (Units) Historical Data 2017 to 2021 and Forecast 2022 to 2032 By Power Output
Table 18: Mexico Market Value (US$ Million) and Volume (Units) Historical Data 2017 to 2021 and Forecast 2022 to 2032 By Sales Channel
Table 19: Mexico Market Value (US$ Million) and Volume (Units) Historical Data 2017 to 2021 and Forecast 2022 to 2032 By End Use
Table 20: Argentina Market Volume (Units) Historical Data 2017 to 2021 and Forecast 2022 to 2032 by Equipment Type
Table 21: Argentina Market Value (US$ Million) Historical Data 2017 to 2021 and Forecast 2022 to 2032 by Equipment Type
Table 22: Argentina Market Value (US$ Million) and Volume (Units) Historical Data 2017 to 2021 and Forecast 2022 to 2032 by Drive Type
Table 23: Argentina Market Value (US$ Million) and Volume (Units) Historical Data 2017 to 2021 and Forecast 2022 to 2032 By Power Output
Table 24: Argentina Market Value (US$ Million) and Volume (Units) Historical Data 2017 to 2021 and Forecast 2022 to 2032 By Sales Channel
Table 25: Argentina Market Value (US$ Million) and Volume (Units) Historical Data 2017 to 2021 and Forecast 2022 to 2032 By End Use
Table 26: Peru Market Volume (Units) Historical Data 2017 to 2021 and Forecast 2022 to 2032 by Equipment Type
Table 27: Peru Market Value (US$ Million) Historical Data 2017 to 2021 and Forecast 2022 to 2032 by Equipment Type
Table 28: Peru Market Value (US$ Million) and Volume (Units) Historical Data 2017 to 2021 and Forecast 2022 to 2032 by Drive Type
Table 29: Peru Market Value (US$ Million) and Volume (Units) Historical Data 2017 to 2021 and Forecast 2022 to 2032 By Power Output
Table 30: Peru Market Value (US$ Million) and Volume (Units) Historical Data 2017 to 2021 and Forecast 2022 to 2032 By Sales Channel
Table 31: Peru Market Value (US$ Million) and Volume (Units) Historical Data 2017 to 2021 and Forecast 2022 to 2032 By End Use
Table 32: Chile Market Volume (Units) Historical Data 2017 to 2021 and Forecast 2022 to 2032 by Equipment Type
Table 33: Chile Market Value (US$ Million) Historical Data 2017 to 2021 and Forecast 2022 to 2032 by Equipment Type
Table 34: Chile Market Value (US$ Million) and Volume (Units) Historical Data 2017 to 2021 and Forecast 2022 to 2032 by Drive Type
Table 35: Chile Market Value (US$ Million) and Volume (Units) Historical Data 2017 to 2021 and Forecast 2022 to 2032 By Power Output
Table 36: Chile Market Value (US$ Million) and Volume (Units) Historical Data 2017 to 2021 and Forecast 2022 to 2032 By Sales Channel
Table 37: Chile Market Value (US$ Million) and Volume (Units) Historical Data 2017 to 2021 and Forecast 2022 to 2032 By End Use
Table 38: Rest of Market Volume (Units) Historical Data 2017 to 2021 and Forecast 2022 to 2032 by Equipment Type
Table 39: Rest of Market Value (US$ Million) Historical Data 2017 to 2021 and Forecast 2022 to 2032 by Equipment Type
Table 40: Rest of Market Value (US$ Million) and Volume (Units) Historical Data 2017 to 2021 and Forecast 2022 to 2032 by Drive Type
Table 41: Rest of Market Value (US$ Million) and Volume (Units) Historical Data 2017 to 2021 and Forecast 2022 to 2032 By Power Output
Table 42: Rest of Market Value (US$ Million) and Volume (Units) Historical Data 2017 to 2021 and Forecast 2022 to 2032 By Sales Channel
Table 43: Rest of Market Value (US$ Million) and Volume (Units) Historical Data 2017 to 2021 and Forecast 2022 to 2032 By End Use
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List of Charts
Figure 01: Market Historical Demand, 2017 to 2021
Figure 02: Market Demand Forecast, 2022 to 2032
Figure 03: Market Historical Value (US$ Million), 2017 to 2021
Figure 04: Market Value (US$ Million) Forecast, 2022 to 2032
Figure 05: Market Absolute $ Opportunity, 2022 to 2032
Figure 06: Market Share and BPS Analysis by Equipment Type– 2022 & 2032
Figure 07: Market Y-o-Y Growth Projections by Equipment Type, 2021 to 2032
Figure 08: Market Attractiveness by Equipment Type, 2022 to 2032
Figure 09: Market Share and BPS Analysis by Drive Type – 2022 & 2032
Figure 10: Market Y-o-Y Growth Projections by Drive Type, 2021 to 2032
Figure 11: Market Attractiveness by Drive Type, 2022 to 2032
Figure 12: Market Share and BPS Analysis by Power Output– 2022 & 2032
Figure 13: Market Y-o-Y Growth Projections by Power Output, 2021 to 2032
Figure 14: Market Attractiveness by Power Output, 2022 to 2032
Figure 15: Market Share and BPS Analysis by Sales Channel – 2022 & 2032
Figure 16: Market Y-o-Y Growth Projections by Sales Channel, 2021 to 2032
Figure 17: Market Attractiveness by Sales Channel, 2022 to 2032
Figure 18: Market Share and BPS Analysis By End Use– 2022 & 2032
Figure 19: Market Y-o-Y Growth Projections By End Use, 2021 to 2032
Figure 20: Market Attractiveness By End Use, 2022 to 2032
Figure 21: Market Share and BPS Analysis By Country– 2022 & 2032
Figure 22: Market Y-o-Y Growth Projections By Country, 2021 to 2032
Figure 23: Market Attractiveness By Country, 2022 to 2032
Figure 24: Brazil Market Share and BPS Analysis by Equipment Type– 2022 & 2032
Figure 25: Brazil Market Y-o-Y Growth Projections by Equipment Type, 2021 to 2032
Figure 26: Brazil Market Attractiveness by Equipment Type, 2022 to 2032
Figure 27: Brazil Market Share and BPS Analysis by Drive Type – 2022 & 2032
Figure 28: Brazil Market Y-o-Y Growth Projections by Drive Type, 2021 to 2032
Figure 29: Brazil Market Attractiveness by Drive Type, 2022 to 2032
Figure 30: Brazil Market Share and BPS Analysis by Power Output– 2022 & 2032
Figure 31: Brazil Market Y-o-Y Growth Projections by Power Output, 2021 to 2032
Figure 32: Brazil Market Attractiveness by Power Output, 2022 to 2032
Figure 33: Brazil Market Share and BPS Analysis by Sales Channel – 2022 & 2032
Figure 34: Brazil Market Y-o-Y Growth Projections by Sales Channel, 2021 to 2032
Figure 35: Brazil Market Attractiveness by Sales Channel, 2022 to 2032
Figure 36: Brazil Market Share and BPS Analysis By End Use– 2022 & 2032
Figure 37: Brazil Market Y-o-Y Growth Projections By End Use, 2021 to 2032
Figure 38: Brazil Market Attractiveness By End Use, 2022 to 2032
Figure 39: Mexico Market Share and BPS Analysis by Equipment Type– 2022 & 2032
Figure 40: Mexico Market Y-o-Y Growth Projections by Equipment Type, 2021 to 2032
Figure 41: Mexico Market Attractiveness by Equipment Type, 2022 to 2032
Figure 42: Mexico Market Share and BPS Analysis by Drive Type – 2022 & 2032
Figure 43: Mexico Market Y-o-Y Growth Projections by Drive Type, 2021 to 2032
Figure 44: Mexico Market Attractiveness by Drive Type, 2022 to 2032
Figure 45: Mexico Market Share and BPS Analysis by Power Output– 2022 & 2032
Figure 46: Mexico Market Y-o-Y Growth Projections by Power Output, 2021 to 2032
Figure 47: Mexico Market Attractiveness by Power Output, 2022 to 2032
Figure 48: Mexico Market Share and BPS Analysis by Sales Channel – 2022 & 2032
Figure 49: Mexico Market Y-o-Y Growth Projections by Sales Channel, 2021 to 2032
Figure 50: Mexico Market Attractiveness by Sales Channel, 2022 to 2032
Figure 51: Mexico Market Share and BPS Analysis By End Use– 2022 & 2032
Figure 52: Mexico Market Y-o-Y Growth Projections By End Use, 2021 to 2032
Figure 53: Mexico Market Attractiveness By End Use, 2022 to 2032
Figure 54: Argentina Market Share and BPS Analysis by Equipment Type– 2022 & 2032
Figure 55: Argentina Market Y-o-Y Growth Projections by Equipment Type, 2021 to 2032
Figure 56: Argentina Market Attractiveness by Equipment Type, 2022 to 2032
Figure 57: Argentina Market Share and BPS Analysis by Drive Type – 2022 & 2032
Figure 58: Argentina Market Y-o-Y Growth Projections by Drive Type, 2021 to 2032
Figure 59: Argentina Market Attractiveness by Drive Type, 2022 to 2032
Figure 60: Argentina Market Share and BPS Analysis by Power Output– 2022 & 2032
Figure 61: Argentina Market Y-o-Y Growth Projections by Power Output, 2021 to 2032
Figure 62: Argentina Market Attractiveness by Power Output, 2022 to 2032
Figure 63: Argentina Market Share and BPS Analysis by Sales Channel – 2022 & 2032
Figure 64: Argentina Market Y-o-Y Growth Projections by Sales Channel, 2021 to 2032
Figure 65: Argentina Market Attractiveness by Sales Channel, 2022 to 2032
Figure 66: Argentina Market Share and BPS Analysis By End Use– 2022 & 2032
Figure 67: Argentina Market Y-o-Y Growth Projections By End Use, 2021 to 2032
Figure 68: Argentina Market Attractiveness By End Use, 2022 to 2032
Figure 69: Peru Market Share and BPS Analysis by Equipment Type– 2022 & 2032
Figure 70: Peru Market Y-o-Y Growth Projections by Equipment Type, 2021 to 2032
Figure 71: Peru Market Attractiveness by Equipment Type, 2022 to 2032
Figure 72: Peru Market Share and BPS Analysis by Drive Type – 2022 & 2032
Figure 73: Peru Market Y-o-Y Growth Projections by Drive Type, 2021 to 2032
Figure 74: Peru Market Attractiveness by Drive Type, 2022 to 2032
Figure 75: Peru Market Share and BPS Analysis by Power Output– 2022 & 2032
Figure 76: Peru Market Y-o-Y Growth Projections by Power Output, 2021 to 2032
Figure 77: Peru Market Attractiveness by Power Output, 2022 to 2032
Figure 78: Peru Market Share and BPS Analysis by Sales Channel – 2022 & 2032
Figure 79: Peru Market Y-o-Y Growth Projections by Sales Channel, 2021 to 2032
Figure 80: Peru Market Attractiveness by Sales Channel, 2022 to 2032
Figure 81: Peru Market Share and BPS Analysis By End Use– 2022 & 2032
Figure 82: Peru Market Y-o-Y Growth Projections By End Use, 2021 to 2032
Figure 83: Peru Market Attractiveness By End Use, 2022 to 2032
Figure 84: Chile Market Share and BPS Analysis by Equipment Type– 2022 & 2032
Figure 85: Chile Market Y-o-Y Growth Projections by Equipment Type, 2021 to 2032
Figure 86: Chile Market Attractiveness by Equipment Type, 2022 to 2032
Figure 87: Chile Market Share and BPS Analysis by Drive Type – 2022 & 2032
Figure 88: Chile Market Y-o-Y Growth Projections by Drive Type, 2021 to 2032
Figure 89: Chile Market Attractiveness by Drive Type, 2022 to 2032
Figure 90: Chile Market Share and BPS Analysis by Power Output– 2022 & 2032
Figure 91: Chile Market Y-o-Y Growth Projections by Power Output, 2021 to 2032
Figure 92: Chile Market Attractiveness by Power Output, 2022 to 2032
Figure 93: Chile Market Share and BPS Analysis by Sales Channel – 2022 & 2032
Figure 94: Chile Market Y-o-Y Growth Projections by Sales Channel, 2021 to 2032
Figure 95: Chile Market Attractiveness by Sales Channel, 2022 to 2032
Figure 96: Chile Market Share and BPS Analysis By End Use– 2022 & 2032
Figure 97: Chile Market Y-o-Y Growth Projections By End Use, 2021 to 2032
Figure 98: Chile Market Attractiveness By End Use, 2022 to 2032
Figure 99: Rest of Market Share and BPS Analysis by Equipment Type– 2022 & 2032
Figure 100: Rest of Market Y-o-Y Growth Projections by Equipment Type, 2021 to 2032
Figure 101: Rest of Market Attractiveness by Equipment Type, 2022 to 2032
Figure 102: Rest of Market Share and BPS Analysis by Drive Type – 2022 & 2032
Figure 103: Rest of Market Y-o-Y Growth Projections by Drive Type, 2021 to 2032
Figure 104: Rest of Market Attractiveness by Drive Type, 2022 to 2032
Figure 105: Rest of Market Share and BPS Analysis by Power Output– 2022 & 2032
Figure 106: Rest of Market Y-o-Y Growth Projections by Power Output, 2021 to 2032
Figure 107: Rest of Market Attractiveness by Power Output, 2022 to 2032
Figure 108: Rest of Market Share and BPS Analysis by Sales Channel – 2022 & 2032
Figure 109: Rest of Market Y-o-Y Growth Projections by Sales Channel, 2021 to 2032
Figure 110: Rest of Market Attractiveness by Sales Channel, 2022 to 2032
Figure 111: Rest of Market Share and BPS Analysis By End Use– 2022 & 2032
Figure 112: Rest of Market Y-o-Y Growth Projections By End Use, 2021 to 2032
Figure 113: Rest of Market Attractiveness By End Use, 2022 to 2032
