Market Forecast by By Types (Mobile Cranes, Construction Tractors and Bulldozers, Earthmoving Equipment, Aerial Work Equipment, Material Handling Equipment, Dump Trucks, Road Construction Equipment), By Applications (Corporate Enterprise, Oil and Gas, Mining, Others (Municipality and Road Construction)) and competitive landscape
Product Code: ETC001654 | Publication Date: Dec 2023 | Updated Date: Jan 2024 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 | |
Brazil construction equipment market report comprehensively covers the market by types and applications. The Brazil construction equipment market outlook report provides an unbiased and detailed analysis of the ongoing Brazil construction equipment market trends, opportunities/high growth areas, and market drivers which would help the stakeholders device and align their market strategies according to the current and future market dynamics.
Brazil construction equipment market growth is driven by the increasing adoption of construction equipment on renting basis with no big payments. This supports small and average companies by providing the opportunity to purchase the equipment on provisional terms which is one of the major aspects of growing the demand for Brazil construction equipment market. The manufacturing of the construction equipment market before was import driven while over the past few years, the market has shifted towards domestic manufacturing due to economic issues.
According to 6wresearch, Brazil Construction Equipment Market is expected to grow at a CAGR of 5.2% during 2024-2030. The government has planned to enhance the commercial and residential infrastructure which is expected to support economic conditions to regain investments producing positive effects on the construction equipment sector. The construction equipment industry in Brazil is expected to face challenges such as increasing the cost of construction equipment due to increasing raw material prices in the industry. Moreover, the construction application segment is expected to hold the construction equipment market of Brazil on account of growing infrastructure in the public and private sectors during the forecast period. The rising shortage of labour coupled with surging disposable income is driving the modern and advanced equipment adding to Brazil Construction Equipment Market Growth. The growing investment in infrastructure, airports, and transport is also adding to the development of the market.
The Brazil construction equipment market is not without its challenges. One of the major issues affecting the industry is economic volatility. Brazil's turbulent economy can have a direct impact on the construction industry. Consequently, projects are often put on hold or canceled, leading to a decline in demand for construction equipment. The second challenge is a lack of skilled laborers, operators, and technicians, leading to increased project delivery time and cost. These challenges can negatively affect the Brazil Construction Equipment Market Growth.
Leading the pack in the Brazil construction equipment market are local and global companies. The top three global players are Caterpillar Inc., Komatsu Ltd., and Volvo Group. Meanwhile, the local companies currently spearheading the national market include CNH, Liugong, and JCB. These companies have a strong reputation in the market, provide a comprehensive inventory of construction equipment, and have a significant market share.
The Brazilian government acknowledges the vital role played by the construction industry in the overall economy. As a result, they have introduced several strategic initiatives to support the development of the construction equipment market. These initiatives include federal programs, such as the PAC (Growth Acceleration Program) and My House, My Life, to increase the construction of affordable housing units. Furthermore, the government has announced plans to invest in infrastructure projects, such as the high-speed rail link between Rio and Sao Paulo, creating ample opportunities for construction equipment providers.
Based on types, earthmoving equipment is expected to dominate the construction equipment market share owing to the increasing sale of excavators and loaders. Furthermore, the manufacturers are aiming to advance and enhance the productivity of construction equipment which is anticipated to boost the demand for the construction equipment market in Brazil in the coming years.
The report provides a detailed analysis of the following market segments:
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Brazil Construction Equipment Market Overview |
3.1 Brazil Country Macro Economic Indicators |
3.2 Brazil Construction Equipment Market Revenues & Volume, 2020 & 2030F |
3.3 Brazil Construction Equipment Market - Industry Life Cycle |
3.4 Brazil Construction Equipment Market - Porter's Five Forces |
3.5 Brazil Construction Equipment Market Revenues & Volume Share, By Type, 2020 & 2030F |
3.6 Brazil Construction Equipment Market Revenues & Volume Share, By Application 2020 & 2030F |
4 Brazil Construction Equipment Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Brazil Construction Equipment Market Trends |
6. Brazil Construction Equipment Market , By Type |
6.1 Brazil Construction Equipment Market Revenues & Volume, By Mobile Cranes 2020 - 2030F |
6.2 Brazil Construction Equipment Market Revenues & Volume, By Construction Tractor and Bulldozer, 2020 - 2030F |
6.3 Brazil Construction Equipment Market Revenues & Volume, By Earthmoving Equipment, 2020 - 2030F |
6.3 Brazil Construction Equipment Market Revenues & Volume, By Aerial Work Equipment, 2020 - 2030F |
6.3 Brazil Construction Equipment Market Revenues & Volume, By Material Handling Equipment, 2020 - 2030F |
6.3 Brazil Construction Equipment Market Revenues & Volume, By Dump Trucks, 2020 - 2030F |
6.3 Brazil Construction Equipment Market Revenues & Volume, By Road Construction Equipment, 2020 - 2030F |
7 Brazil Construction Equipment Market , By Application |
7.1 Brazil Construction Equipment Market Revenues & Volume, By Corporate Enterprise, 2020 - 2030F |
7.2 Brazil Construction Equipment Market Revenues & Volume, By Oil and Gas , 2020 - 2030F |
7.3 Brazil Construction Equipment Market Revenues & Volume, By Mining, 2020 - 2030F |
7.3 Brazil Construction Equipment Market Revenues & Volume, By Others 2020 - 2030F |
8 Brazil Construction Equipment Market Import-Export Trade Statistics |
8.1 Brazil Construction Equipment Market Export to Major Countries |
8.2 Brazil Construction Equipment Market Imports from Major Countries |
9 Brazil Construction Equipment Market Key Performance Indicators |
10 Brazil Construction Equipment Market - Opportunity Assessment |
10.1 Brazil Construction Equipment Market Opportunity Assessment, By Type, 2030 |
10.2 Brazil Construction Equipment Market Opportunity Assessment, By Application, 2030 |
11 Brazil Construction Equipment Market - Competitive Landscape |
11.1 Brazil Construction Equipment Market Revenue Share, By Companies, 2023 |
11.2 Brazil Construction Equipment Market Competitive Benchmarking, By Operating and Technical Parameters |
12 Company Profiles |
13 Recommendations |
14 Disclaimer |
Market Forecast By Types(Cranes (Mobile Cranes, Crawler Cranes, Tower Cranes), Earthmoving Equipment(Loaders, Excavators, Motor Grader)), Aerial Work Equipment(Articulated Boom Lifts, Telescopic Boom Lifts, Scissor Lifts), Material Handling Equipment(Telescopic Handlers, Forklifts), Road Construction Equipment(Pavers, Road Rollers), Dump Trucks, Construction Tractor and Bulldozer), By Applications(Construction, Oil & Gas, Mining)and competitive landscape
Product Code: ETC001654 | Publication Date: Mar 2023 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 |
Brazil construction equipment market report comprehensively covers the market by types and applications. The Brazil construction equipment market outlook report provides an unbiased and detailed analysis of the ongoing Brazil construction equipment market trends, opportunities/high growth areas, and market drivers which would help the stakeholders device and align their market strategies according to the current and future market dynamics.
Brazil Construction Equipment Market is predicted to grow over the years owing to government initiatives to boost the construction industry, increasing investments in infrastructure development projects, and the advancements in technology and the adoption of digitalization in the construction sector. The government has been investing heavily in infrastructure development which has led to increased demand for construction equipment. Additionally, rapid urbanization has led to the development of new commercial and residential buildings, which require heavy equipment for construction. Moreover, the country is a major producer of natural resources which require heavy equipment for extraction.
Furthermore, the government has implemented several initiatives to encourage investment in the construction sector which includes tax incentives and subsidies for companies that invest in the industry. The development of advanced technologies in the construction equipment industry in Brazil has led to increased productivity and efficiency.
Brazil construction equipment market growth is driven by the increasing adoption of construction equipment on renting basis with no big payments. This supports small and average companies by providing the opportunity to purchase the equipment on provisional terms which is one of the major aspects of growing the demand for Brazil construction equipment market. The manufacturing of the construction equipment market before was import driven while over the past few years, the market has shifted towards domestic manufacturing due to economic issues.
According to 6wresearch, Brazil Construction Equipment Market is expected to grow during 2020-2026. The government has planned to enhance the commercial and residential infrastructure which is expected to support economic conditions to regain investments producing positive effects on the construction equipment sector. The construction equipment industry in Brazil is expected to face challenges such as increasing the cost of construction equipment due to increasing raw material prices in the industry. Moreover, the construction application segment is expected to hold the construction equipment market of Brazil on account of growing infrastructure in the public and private sectors during the forecast period. The rising shortage of labour coupled with surging disposable income is driving the modern and advanced equipment adding to Brazil Construction Equipment Market Growth. The growing investment in infrastructure, airports, and transport is also adding to the development of the market.
Brazil construction equipment market is anticipated to register sound revenues in the foreseeable future on the back of the substantial growth of the construction, oil & gas, and mining industry. Moreover, the rise in the need for efficiency and productivity backed by rising the need to complete major tasks within the stipulated time frame is leading to more profit and is estimated to foster the demand for construction equipment in the market. Further, eliminating human manual work that causes fatigue and major injuries would be the crucial factor in driving sales revenue owing to compelled contractors to use advanced equipment while construction is anticipated to benefit Brazil construction equipment market during the forecast period.
Caterpillar and Komatsu are the major players in the Brazil construction equipment market.
The COVID-19 pandemic had initially given rise to a slowdown in the construction equipment market and halted many infrastructure development projects due to lockdowns and other restrictions. However, as the situation improved and restrictions were lifted, the market began to recover, and it is expected to grow in the forthcoming years.
Based on types, earthmoving equipment is expected to dominate the construction equipment market share owing to the increasing sale of excavators and loaders. Furthermore, the manufacturers are aiming to advance and enhance the productivity of construction equipment which is anticipated to boost the demand for the construction equipment market in Brazil in the coming years.
The Brazil Construction Equipment Market report provides a detailed analysis of the following market segments: