Brazil Construction Equipment Market Growth, Size, Trends, Share, Revenue and Future Outlook
Brazil Construction Equipment Market Size- By Machinery Type, By Propulsion- Regional Outlook, Competitive Strategies and Segment Forecast to 2033
| Published: Feb-2024 | Report ID: COAM2408 | Pages: 1 - 107 | Formats*: |
| Category : Construction & Manufacturing | |||
Brazil Construction Equipment Market Introduction and Overview
According to SPER Market Research, the Brazil Construction Equipment Market is estimated to reach USD 4.29 billion by 2033 with a CAGR of 6.97%.
The report includes an in-depth analysis of the Brazil Construction Equipment Market, including market size and trends, product mix, distribution channels, and supplier analysis. The term "construction materials" refers to a wide range of substances that are used in the construction of infrastructure, buildings, and other civil engineering projects. These materials are chosen according to a number of criteria, including their physical characteristics, robustness, affordability, and effect on the environment. Common building materials include concrete, which is made up of cement, aggregates, and water and is well known for its strength and adaptability. Steel is an additional important material that is highly regarded for its tensile strength, which makes it perfect for reinforcing and structural frameworks. Wood is often used in both traditional and modern building because of its renewable nature and aesthetic appeal.
- In July 2023, XCMG Construction Machinery Co. Ltd. made its most recent range of electric construction machinery available in Brazil public. Two amazing electric loaders were part of this thrilling launch: the XC918-EV, designed to operate effectively in small spaces, and the XC968-EV, built to perform very well in heavy lifting situations.
- In May 2023, Volvo Construction Equipment achieved a major milestone with the introduction of a novel lifting mode for their multi-demolition boom. The company cleverly engineered and designed a way to improve the lifting power of demolition machines with multiple uses.
Market Opportunities and Challenges
Opportunities: Long-term market demand is expected to be boosted by elements such quick urbanization and industrialization, increased government spending on infrastructure development, and regional real estate and construction industries' expansion and growth. New prospects for market players are typically presented by government programs that support infrastructure activities and the increasing deployment of technologically advanced gear, including both autonomous and electric versions. The building sector is becoming more sophisticated. Automation, connectedness, and digitization are propelling the industry forward and having a big influence on building projects, which will likely lead to significant market expansion over the course of the projection period.
Challenges: Brazil's market for construction equipment is faced with multiple challenges that affect its growth and stability. The nation's economic volatility, which is typified by swings in inflation, currency exchange rates, and overall economic performance, is a major obstacle. These elements may have an impact on purchasing power and investment decisions, which could create uncertainty in the building industry. Additionally, businesses in the construction equipment market face challenges due to Brazil's intricate regulatory framework, cumbersome bureaucracy, and tax-related concerns, which have an adverse effect on productivity and profitability. Deficits in infrastructure, such as poor transportation systems and logistical difficulties, make it more difficult to distribute and use construction equipment throughout the nation.
Market Competitive Landscape
A few major companies, including sector titans like Komatsu Ltd., Liebherr Group, Caterpillar Inc., and others, currently control the majority of the Brazilian construction equipment market. In an effort to maintain their market positions and gain an advantage over their competitors, these major firms are actively engaged in strategic initiatives such as mergers and acquisitions and the launch of pioneering goods.
Scope of the Report:
| Report Metric | Details |
| Market size available for years | 2020-2033 |
| Base year considered | 2023 |
| Forecast period | 2024-2033 |
| Segments covered | By Machinery Type, By Propulsion |
| Regions covered | Eastern Region, Western Region, Southern Region, Northern Region |
| Companies Covered | AB Volvo, Caterpillar Inc., CNH Industrial N.V., Deere & Company, Hitachi Construction Equipment Ltd, JC Bamford Excavators Ltd (JCB), Komatsu Ltd, Liebherr Group, SANY Group, Xuzhou Construction Machinery Group Co., Ltd., Others. |
COVID-19 Impact on Brazil Construction Equipment Market
Brazil's market for construction equipment has been greatly affected by the COVID-19 outbreak, which has caused a number of difficulties and inconveniences. Construction activities were slowed down or stopped as a result of lockdown procedures, supply chain interruptions, and a manpower scarcity brought on by safety regulations and concerns. The nation's need for construction equipment was impacted by these disruptions, which resulted in project cancellations, delays, or reevaluations. Further lowering demand for equipment sales and rentals is the pandemic's economic downturn, which has restricted building budgets and investment decisions in addition to lowering consumer and investor confidence. The availability of imported machinery and spare parts has also been impacted by travel restrictions and limits on international trade, which has made supply chain difficulties for producers and distributors harder.
Key Target Audience:
- Construction Companies
- Infrastructure Developers
- Governments and Municipalities
- Rental Companies
- Equipment Manufacturers and Suppliers
Our in-depth analysis of the Brazil Construction Equipment Market includes the following segments:
| By Machinery Type: |
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| By Propulsion: |
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| By Region: |
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Key Topics Covered in the Report:
- Brazil Construction Equipment Market Size (FY’2024-FY’2033)
- Overview of Brazil Construction Equipment Market
- Segmentation of Brazil Construction Equipment Market By Machinery Type (Cranes, Telescopic Handlers, Excavators, Loaders and Backhoes, Motor Graders, Others)
- Segmentation of Brazil Construction Equipment Market By Propulsion (Internal Combustion Engine, Electric and Hybrid)
- Expansion Analysis of Brazil Construction Equipment Market
- Problems and Obstacles in Brazil Construction Equipment Market
- Competitive Landscape in the Brazil Construction Equipment Market
- Impact of COVID-19 and Demonetization on Brazil Construction Equipment Market
- Details on Current Investment in Brazil Construction Equipment Market
- Competitive Analysis of Brazil Construction Equipment Market
- Prominent Players in the Brazil Construction Equipment Market
- SWOT Analysis of Brazil Construction Equipment Market
- Brazil Construction Equipment Market Future Outlook and Projections (FY’2024-FY’2033)
- Recommendations from Analyst
1. Introduction
1.1. Scope of the report1.2. Market segment analysis
2. Research Methodology
2.1. Research data source2.1.1. Secondary Data2.1.2. Primary Data2.1.3. SPER’s internal database2.1.4. Premium insight from KOL’s2.2. Market size estimation2.2.1. Top-down and Bottom-up approach2.3. Data triangulation
3. Executive Summary
4. Market Dynamics
4.1. Driver, Restraint, Opportunity and Challenges analysis4.1.1. Drivers4.1.2. Restraints4.1.3. Opportunities4.1.4. Challenges4.2. COVID-19 Impacts of the Brazil Construction Equipment Market
5. Market variable and outlook
5.1. SWOT Analysis5.1.1. Strengths5.1.2. Weaknesses5.1.3. Opportunities5.1.4. Threats5.2. PESTEL Analysis5.2.1. Political Landscape5.2.2. Economic Landscape5.2.3. Social Landscape5.2.4. Technological Landscape5.2.5. Environmental Landscape5.2.6. Legal Landscape5.3. PORTER’s Five Forces5.3.1. Bargaining power of suppliers5.3.2. Bargaining power of buyers5.3.3. Threat of Substitute5.3.4. Threat of new entrant5.3.5. Competitive rivalry5.4. Heat Map Analysis
6. Competitive Landscape
6.1. Brazil Construction Equipment Market Manufacturing Base Distribution, Sales Area, Product Type6.2. Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in Brazil Construction Equipment Market
7. Brazil Construction Equipment Market, By Machinery Type (USD Million)
7.1. Brazil Construction Equipment Market Value Share and Forecast, By Machinery Type, 2024-20337.2. Cranes7.3. Telescopic Handlers7.4. Excavators7.5. Loaders and Backhoes7.6. Motor Graders7.7. Others
8. Brazil Construction Equipment Market, By Propulsion (USD Million)
8.1. Brazil Construction Equipment Market Value Share and Forecast, By Propulsion, 2024-20338.2. Internal Combustion Engine8.3. Electric and Hybrid
9. Brazil Construction Equipment Market Forecast, 2020-2033 (USD Million)
9.1. Brazil Construction Equipment Market Size and Market Share
10. Brazil Construction Equipment Market, By Machinery Type, 2020-2033 (USD Million)
10.1. Brazil Construction Equipment Market Size and Market Share By Machinery Type (2020-2026)10.2. Brazil Construction Equipment Market Size and Market Share By Machinery Type (2027-2033)
11. Brazil Construction Equipment Market, By Propulsion, 2020-2033 (USD Million)
11.1. Brazil Construction Equipment Market Size and Market Share By Propulsion (2020-2026)11.2. Brazil Construction Equipment Market Size and Market Share By Propulsion (2027-2033)
12. Brazil Construction Equipment Market, By Region, 2020-2033 (USD Million)
12.1. Brazil Construction Equipment Market Size and Market Share By Region (2020-2026)12.2. Brazil Construction Equipment Market Size and Market Share By Region (2027-2033)12.3. Eastern Region12.4. Western Region12.5. Southern Region12.6. Northern Region
13. Company Profile
13.1. AB Volvo13.1.1. Company details13.1.2. Financial outlook13.1.3. Product summary13.1.4. Recent developments13.2. Caterpillar Inc.13.2.1. Company details13.2.2. Financial outlook13.2.3. Product summary13.2.4. Recent developments13.3. CNH Industrial N.V.13.3.1. Company details13.3.2. Financial outlook13.3.3. Product summary13.3.4. Recent developments13.4. Deere & Company13.4.1. Company details13.4.2. Financial outlook13.4.3. Product summary13.4.4. Recent developments13.5. Hitachi Construction Equipment Ltd13.5.1. Company details13.5.2. Financial outlook13.5.3. Product summary13.5.4. Recent developments13.6. JC Bamford Excavators Ltd (JCB)13.6.1. Company details13.6.2. Financial outlook13.6.3. Product summary13.6.4. Recent developments13.7. Komatsu Ltd13.7.1. Company details13.7.2. Financial outlook13.7.3. Product summary13.7.4. Recent developments13.8. Liebherr Group13.8.1. Company details13.8.2. Financial outlook13.8.3. Product summary13.8.4. Recent developments13.9. SANY Group13.9.1. Company details13.9.2. Financial outlook13.9.3. Product summary13.9.4. Recent developments13.10. Xuzhou Construction Machinery Group Co., Ltd.13.10.1. Company details13.10.2. Financial outlook13.10.3. Product summary13.10.4. Recent developments13.11. Others
14. List of Abbreviations
15. Reference Links
16. Conclusion
17. Research Scope
SPER Market Research’s methodology uses great emphasis on primary research to ensure that the market intelligence insights are up to date, reliable and accurate. Primary interviews are done with players involved in each phase of a supply chain to analyze the market forecasting. The secondary research method is used to help you fully understand how the future markets and the spending patterns look likes.
The report is based on in-depth qualitative and quantitative analysis of the Product Market. The quantitative analysis involves the application of various projection and sampling techniques. The qualitative analysis involves primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes are validated through experts opinion. Our research methodology entails an ideal mixture of primary and secondary initiatives.
Frequently Asked Questions About This Report
Brazil Construction Equipment Market is projected to reach USD 4.29 billion by 2033, growing at a CAGR of 6.97% during the forecast period.
Brazil Construction Equipment Market size from 2022. The Market is expected to reach USD 4.29 billion by 2033, at a CAGR of 6.97% during the forecast period.
Brazil Construction Equipment Market CAGR of 6.97% during the forecast period.
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Brazil Construction Equipment Market size is 4.29 billion from 2024 to 2033.
Brazil Construction Equipment Market Segment is covered By Solution, By Deployment Mode, By End User.
The Cenetral and South America is anticipated to have the highest market share in the Brazil Construction Equipment Market.
The key players in the market include Companies Covered AB Volvo, Caterpillar Inc., CNH Industrial N.V., Deere & Company, Hitachi Construction Equipment Ltd, JC Bamford Excavators Ltd (JCB), Komatsu Ltd, Liebherr Group, SANY Group, Xuzhou Construction Machinery Group Co., Ltd., Others.
New prospects for market players are typically presented by government programs that support infrastructure activities and the increasing deployment of technologically advanced gear, including both autonomous and electric versions.
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