More than 55,821 Units of Construction Equipment to be Sold Across Brazil - Exclusive Research Report by Arizton

News provided by

Apr 30, 2024, 10:30 ET

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 Research Report by Arizton

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

Buy this Research @ 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

Check Out Some of the Top Selling Research Reports:      

Brazil Crawler Excavator Market - Strategic Assessment & Forecast 2021-2027

Mexico Construction Equipment Market - Strategic Assessment & Forecast 2022 -2028

Latin America Construction Equipment Market - Strategic Assessment & Forecast 2024-2029

U.S. Construction Equipment Rental Market - Strategic Assessment & Forecast 2023-2029

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               

1500+ reports published till date                

About Us:                                                    

Arizton Advisory and Intelligence is an innovative and quality-driven firm that offers cutting-edge research solutions to clients worldwide. We excel in providing comprehensive market intelligence reports and advisory and consulting services.                                                  

We offer comprehensive market research reports on consumer goods & retail technology, automotive and mobility, smart tech, healthcare, life sciences, industrial machinery, chemicals, materials, I.T. and media, logistics, and packaging. These reports contain detailed industry analysis, market size, share, growth drivers, and trend forecasts.                                                   

Arizton comprises a team of exuberant and well-experienced analysts who have mastered generating incisive reports. Our specialist analysts possess exemplary skills in market research. We train our team in advanced research practices, techniques, and ethics to outperform in fabricating impregnable research reports.                                                         

Contact Us                                                 

Call: +1-312-235-2040                                                
          +1 302 469 0707                                               
Mail: [email protected]                                                 
Contact Us: https://www.arizton.com/contact-us                                                 
Blog: https://www.arizton.com/blog                                                 
Website: https://www.arizton.com/