CHICAGO, April 30,
2024 /PRNewswire/ -- According to Arizton's
latest research report, Brazil
construction equipment market is growing at a CAGR of 3.64% during
2023-2029.
To Know More, Click:
https://www.arizton.com/market-reports/brazil-construction-equipment-market
Brazil Construction Equipment Market Report Scope
Report
Attributes
|
Details
|
Market Size
(2029)
|
55,821 Units
|
Market Size
(2023)
|
45,042 Units
|
CAGR
(2023-2029)
|
3.64 %
|
Market Size- Revenue
(2029)
|
USD 2.4
Billion
|
Historic
Year
|
2020-2022
|
Base
Year
|
2023
|
Forecast
Year
|
2024-2029
|
Brazil is the largest market in
Latin America. The country
accounted for 40% of overall construction equipment sales in the
region in 2023. Brazil is the
center of construction equipment manufacturing in the continent.
All major construction equipment OEMs have a manufacturing center
in the Sao Paulo region of the
country. Vendors are signing exclusive partnerships with end-users
to gain market share and maintain their leading position.
Market Trends
Rising Demand for Electric Forklift in Brazil
The demand for electric equipment is rising in the region. The
Brazilian government invested in various port expansion projects in
2023. BYD has been operating in South American markets such as
Brazil, Mexico, and Chile, offering green transportation solutions
to support the region's transition to a low-carbon transportation
sector. In 2023, Brazil
implemented policies to promote the development of new energy
vehicles. The government aims to have 600,000 electric vehicles on
the roads by 2030. With the growing demand for new vehicle energy
in the Brazilian market, BYD has a significant opportunity to
expand its presence. With the rise in demand for electric forklifts
in the region, other OEMs are expected to follow similar trends in
manufacturing electric forklifts that can be used for cargo
handling purposes. The redevelopment projects on ports in the
region will positively impact the demand.
Rise in Mining Activities Drive the Brazil Construction
Equipment Market
- There is a surge in demand for commodities such as gold,
copper, iron ore, and silver worldwide. Brazil's mining sector has ample opportunity
to grow recently. The region is one of the leading producers of
iron ore, copper, and gold.
- Brazil is one of the world's
largest sources of reserves and metal, including aluminum, iron
ore, and nickel, and the world's largest producer of gold. The
demand for these metals is expected to rise due to their use in
industry and construction activities.
- Nickel is used to manufacture batteries for electric vehicles.
Thus, the domestic and internal demand for electric cars will drive
the demand for nickels in the market.
- Iron ore, copper, and aluminum are used in construction
projects across the globe. The mining companies are also investing
in extraction projects.
Brazil Construction Equipment Market Dynamics
Drivers
- Brazil increased Investments
in Public Infrastructure
- Surge in Renewable Energy Projects in the region
- Rise in Mining Activities drive the Demand for Construction
Equipment
Trends
- Water Management Projects Trigger Demand for Backhoe Loaders
with Flexible Attachments
- Rising Demand for Electric Forklift in Latin American
Countries
Challenges
- High Inflation Rates Adversely Impact Corporate
Investments
- Mining Projects Hampered by Environmental Protest
- Foreign Construction Equipment Manufacturers Impacted by High
Import Duties
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https://www.arizton.com/market-reports/brazil-construction-equipment-market
Post-Purchase Benefit
- 1hr of free analyst discussion
- 10% off on customization
Key Vendors
- Caterpillar
- Komatsu
- Liebherr
- Xuzhou Construction Machinery Group (XCMG)
- Volvo Construction Equipment
- Hitachi Construction Machinery
- Zoomlion Heavy Industry Science & Technology Co., Ltd.
- JCB
- SANY
- Hyundai Construction Equipment
Other Prominent Vendors
- Kobelco
- Liugong
- John Deere
- Yanmar
- CNH Industrial
- Toyota Material Handling
- Bobcat
- Wacker Neuson
- Tadano
- SAKAI HEAVY INDUSTRIES,
LTD.
- Shantui Construction Machinery Co., Ltd
- Bomag
- Ammann
- Sunward
- Hangcha
- Romanelli
- AIMIX Group
Distributors Profiles
- Noroeste Máquinas e Equipamentos LTDA
- FW Maquinas
- Mason Equipamentos
- Extra Group
- Engepecas
Market Segmentation
Type
- Earthmoving Equipment
-
- Excavator
- Backhoe Loaders
- Wheeled Loaders
- Other Earthmoving Equipment (Other 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)
- Other Construction Equipment
-
- Dumper
- Tipper
- Concrete Mixer
- Concrete Pump Truck
- End Users
-
- Construction
- Mining
- Manufacturing
- Others (Power Generation, Utilities Municipal
Corporations, Oil & Gas, Cargo Handling, Power Generation
Plants, Waste Management)
Key Questions Answered in the Report:
How big is the Brazil
construction equipment market?
What is the growth rate of the Brazil construction equipment market?
Who are the key players in the Brazil construction equipment market?
What are the trends in the Brazilian construction equipment
industry?
Which are the major distributor companies in the Brazil construction equipment market?
Get the Detailed TOC
@ https://www.arizton.com/market-reports/brazil-construction-equipment-market
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