South & Central America Heavy Construction Equipment Market Report (2021–2031) by Scope, Segmentation, Dynamics, and Competitive Analysis
Description
The South & Central America Heavy Construction Equipment Market size is expected to reach US$ 10.30 million by 2031 from US$ 7.80 million in 2024. The market is estimated to record a CAGR of 4.10% from 2023 to 2031.
Executive Summary and South & Central America Heavy Construction Equipment Market Analysis:
The South America heavy construction equipment market has been experiencing steady growth. This growth can be attributed to several key factors, such as government initiatives for infrastructure development, growing construction activities, and rapid urbanization. Heavy construction equipment refers to large machinery and vehicles used in construction projects to carry out tasks such as excavation, lifting, material handling, and demolition. These machines are essential for large-scale construction and civil engineering projects, providing efficiency and productivity on job sites. The increasing government funding projects in transportation, renewable energy, and public infrastructure sectors across developing countries such as India, Mexico, and Brazil drive the demand for heavy construction equipment. According to the World Bank, per year, more than US$ 3.7 trillion is invested in infrastructure development to meet the growing demand of growing global populations. The rise in global investments in the clean energy sector is also a major driving factor for the heavy construction equipment market. According to the International Energy Agency, more than US$ 3 trillion invested in 2024 for clean energy related infrastructure developments across the globe.
South & Central America Heavy Construction Equipment Market Segmentation Analysis:
Key segments that contributed to the derivation of the Heavy Construction Equipment market analysis are type and application.
By machinery type, the heavy construction equipment market is segmented into earthmoving equipment, material handling equipment, heavy construction vehicles, others. The earthmoving equipment segment held a larger share of the market in 2024. In terms of propulsion type, the market is segmented into ICE, electric. The ICE segment held the largest share of the market in 2024. In terms of power output, the market is segmented into less than 100 HP, 101-200 HP, 201-400, 401 HP. The 201-400 HP segment held the largest share of the market in 2024 By End Use Industry, the market is segmented into building and construction, forestry and agriculture, energy and power, mining, others. building and construction segment held the largest share of the market in 2024.
South & Central America Heavy Construction Equipment Market Outlook
The demand for heavy construction equipment in South America is largely driven by infrastructure development and the growth of the mining and oil & gas industries. Countries such as Brazil, Argentina, and Chile are making significant investments in infrastructure projects, including roads, bridges, and urban development. The mining sector, particularly in countries such as Brazil, Peru, and Chile, also plays a vital role in fueling the demand for heavy construction equipment such as excavators, loaders, and dump trucks. Additionally, the rise of renewable energy projects, including wind and solar farms, has further propelled the heavy construction equipment market growth.
South & Central America Heavy Construction Equipment Market Country Insights
Based on Geography, the South & Central America Heavy Construction Equipment Market comprises of Brazil, Argentina, Chile, Peru, Colombia, and rest of SAM. The Brazil held the largest share in 2024.
Brazil's construction equipment market is poised for growth, driven by several key factors that reflect the country's focus on infrastructure development, industrial expansion, and technological advancements. Brazil's government continues to prioritize infrastructure development, which mainly demands construction equipment. Programs such as the Growth Acceleration Program (PAC) and Logistics Investment Program focus on improving transportation networks, including roads, railways, airports, and ports. Such large-scale projects stimulate the demand for heavy equipment such as bulldozers, excavators, cranes, and loaders. Urbanization also plays a role as cities grow and require infrastructure upgrades, further increasing the need for construction machinery. Brazil is a leading global player in the mining industry, with abundant reserves of iron ore, gold, and other minerals. This sector requires heavy construction equipment for mining operations, including dump trucks, excavators, and loaders. Brazil's mining industry is expected to continue expanding, driving the demand for heavy construction equipment, especially in regions like Minas Gerais and the Amazon Basin.
South & Central America Heavy Construction Equipment Market Company Profiles
Some of the key players operating in the market includes Caterpillar Inc., Komatsu Ltd., Volvo Construction Equipment, Liebherr Group, and Hitachi Construction Machinery among others. These players are adopting various strategies such as expansion, product innovation, and mergers and acquisition to provide innovative products to their consumers and increase their market share.
South & Central America Heavy Construction Equipment Market Research Methodology:
The following methodology has been followed for the collection and analysis of data presented in this report:
Secondary ResearchThe research process begins with comprehensive secondary research, utilizing both internal and external sources to gather qualitative and quantitative data for each market. Commonly referenced secondary research sources include, but are not limited to:
Company websites, annual reports, financial statements, broker analyses, and investor presentations. Industry trade journals and other relevant publications. Government documents, statistical databases, and market reports. News articles, press releases, and webcasts specific to companies operating in the market.Note:All financial data included in the Company Profiles section has been standardized to USD. For companies reporting in other currencies, figures have been converted to USD using the relevant exchange rates for the corresponding year.
Primary Research
Business Market Insights’ conduct a significant number of primary interviews each year with industry stakeholders and experts to validate its data, analysis, and gain valuable insights. These research interviews are designed to:
Validate and refine findings from secondary research. Enhance the expertise and market understanding of the analysis team. Gain insights into market size, trends, growth patterns, competitive dynamics, and future prospects. Primary research is conducted via email interactions and telephone interviews, encompassing various markets, categories, segments, and sub-segments across different regions. Participants typically include:
Industry stakeholders:
Vice Presidents, business development managers, market intelligence managers, and national sales managers External experts: Valuation specialists, research analysts, and key opinion leaders with industry-specific expertise Key Sources Referred:
American Road and Transportation Builders Association The Historical Construction Equipment Association (HCEA) Association of Equipment Manufacturers CHINA CONSTRUCTION MACHINERY ASSOCIATION Construction Federation of India National Association of Manufacturers Japan Construction Equipment Manufacturers Association Committee for European Construction Equipment National Dump Trucking Association Associated Equipment Distributors European Construction Industry Federation
Executive Summary and South & Central America Heavy Construction Equipment Market Analysis:
The South America heavy construction equipment market has been experiencing steady growth. This growth can be attributed to several key factors, such as government initiatives for infrastructure development, growing construction activities, and rapid urbanization. Heavy construction equipment refers to large machinery and vehicles used in construction projects to carry out tasks such as excavation, lifting, material handling, and demolition. These machines are essential for large-scale construction and civil engineering projects, providing efficiency and productivity on job sites. The increasing government funding projects in transportation, renewable energy, and public infrastructure sectors across developing countries such as India, Mexico, and Brazil drive the demand for heavy construction equipment. According to the World Bank, per year, more than US$ 3.7 trillion is invested in infrastructure development to meet the growing demand of growing global populations. The rise in global investments in the clean energy sector is also a major driving factor for the heavy construction equipment market. According to the International Energy Agency, more than US$ 3 trillion invested in 2024 for clean energy related infrastructure developments across the globe.
South & Central America Heavy Construction Equipment Market Segmentation Analysis:
Key segments that contributed to the derivation of the Heavy Construction Equipment market analysis are type and application.
By machinery type, the heavy construction equipment market is segmented into earthmoving equipment, material handling equipment, heavy construction vehicles, others. The earthmoving equipment segment held a larger share of the market in 2024. In terms of propulsion type, the market is segmented into ICE, electric. The ICE segment held the largest share of the market in 2024. In terms of power output, the market is segmented into less than 100 HP, 101-200 HP, 201-400, 401 HP. The 201-400 HP segment held the largest share of the market in 2024 By End Use Industry, the market is segmented into building and construction, forestry and agriculture, energy and power, mining, others. building and construction segment held the largest share of the market in 2024.
South & Central America Heavy Construction Equipment Market Outlook
The demand for heavy construction equipment in South America is largely driven by infrastructure development and the growth of the mining and oil & gas industries. Countries such as Brazil, Argentina, and Chile are making significant investments in infrastructure projects, including roads, bridges, and urban development. The mining sector, particularly in countries such as Brazil, Peru, and Chile, also plays a vital role in fueling the demand for heavy construction equipment such as excavators, loaders, and dump trucks. Additionally, the rise of renewable energy projects, including wind and solar farms, has further propelled the heavy construction equipment market growth.
South & Central America Heavy Construction Equipment Market Country Insights
Based on Geography, the South & Central America Heavy Construction Equipment Market comprises of Brazil, Argentina, Chile, Peru, Colombia, and rest of SAM. The Brazil held the largest share in 2024.
Brazil's construction equipment market is poised for growth, driven by several key factors that reflect the country's focus on infrastructure development, industrial expansion, and technological advancements. Brazil's government continues to prioritize infrastructure development, which mainly demands construction equipment. Programs such as the Growth Acceleration Program (PAC) and Logistics Investment Program focus on improving transportation networks, including roads, railways, airports, and ports. Such large-scale projects stimulate the demand for heavy equipment such as bulldozers, excavators, cranes, and loaders. Urbanization also plays a role as cities grow and require infrastructure upgrades, further increasing the need for construction machinery. Brazil is a leading global player in the mining industry, with abundant reserves of iron ore, gold, and other minerals. This sector requires heavy construction equipment for mining operations, including dump trucks, excavators, and loaders. Brazil's mining industry is expected to continue expanding, driving the demand for heavy construction equipment, especially in regions like Minas Gerais and the Amazon Basin.
South & Central America Heavy Construction Equipment Market Company Profiles
Some of the key players operating in the market includes Caterpillar Inc., Komatsu Ltd., Volvo Construction Equipment, Liebherr Group, and Hitachi Construction Machinery among others. These players are adopting various strategies such as expansion, product innovation, and mergers and acquisition to provide innovative products to their consumers and increase their market share.
South & Central America Heavy Construction Equipment Market Research Methodology:
The following methodology has been followed for the collection and analysis of data presented in this report:
Secondary ResearchThe research process begins with comprehensive secondary research, utilizing both internal and external sources to gather qualitative and quantitative data for each market. Commonly referenced secondary research sources include, but are not limited to:
Company websites, annual reports, financial statements, broker analyses, and investor presentations. Industry trade journals and other relevant publications. Government documents, statistical databases, and market reports. News articles, press releases, and webcasts specific to companies operating in the market.Note:All financial data included in the Company Profiles section has been standardized to USD. For companies reporting in other currencies, figures have been converted to USD using the relevant exchange rates for the corresponding year.
Primary Research
Business Market Insights’ conduct a significant number of primary interviews each year with industry stakeholders and experts to validate its data, analysis, and gain valuable insights. These research interviews are designed to:
Validate and refine findings from secondary research. Enhance the expertise and market understanding of the analysis team. Gain insights into market size, trends, growth patterns, competitive dynamics, and future prospects. Primary research is conducted via email interactions and telephone interviews, encompassing various markets, categories, segments, and sub-segments across different regions. Participants typically include:
Industry stakeholders:
Vice Presidents, business development managers, market intelligence managers, and national sales managers External experts: Valuation specialists, research analysts, and key opinion leaders with industry-specific expertise Key Sources Referred:
American Road and Transportation Builders Association The Historical Construction Equipment Association (HCEA) Association of Equipment Manufacturers CHINA CONSTRUCTION MACHINERY ASSOCIATION Construction Federation of India National Association of Manufacturers Japan Construction Equipment Manufacturers Association Committee for European Construction Equipment National Dump Trucking Association Associated Equipment Distributors European Construction Industry Federation
Table of Contents
150 Pages
- 1. Introduction
- 1.1 Business Market Insights Research Report Guidance
- 1.2 Market Segmentation
- 2. Executive Summary
- 2.1 Key Market Insights
- 2.2 Market Attractiveness
- 3. Research Methodology
- 3.1 Secondary Research
- 3.2 Primary Research
- 3.2.1 Hypothesis formulation:
- 3.2.2 Macro-economic factor analysis:
- 3.2.3 Developing base number:
- 3.2.4 Data Triangulation:
- 3.2.5 Country level data:
- 4. South & Central America Heavy Construction Equipment Market Landscape
- 4.1 Market Overview
- 4.2 Porter's Five Forces Analysis
- 4.2.1 Bargaining Power of Suppliers
- 4.2.2 Bargaining Power of Buyers
- 4.2.3 Threat of New Entrants
- 4.2.4 Competitive Rivalry
- 4.2.5 Threat of Substitutes
- 4.3 Ecosystem Analysis
- 4.3.1 Raw Material Suppliers
- 4.3.2 Manufacturers
- 4.3.3 Distributors/Suppliers
- 4.3.4 End Users
- 5. South & Central America Heavy Construction Equipment Market – Key Market Dynamics
- 5.1 Growth Drivers
- 5.1.1 Rise in Investment in Construction Industry Worldwide
- 5.1.2 Rising Importance of Heavy Construction Equipment in Oil & Gas Industry
- 5.1.3 Rise in Demand for Material Handling Equipment in Logistics and Warehousing Sector
- 5.2 Market Opportunities
- 5.2.1 Growing Infrastructure Advancement Activities in Emerging Economies
- 5.2.2 Increasing Energy Infrastructure Development Initiatives
- 5.3 Future Trends
- 5.3.1 Product Innovations and Strategic Activities Adopted by Key Players
- 5.4 Impact of Drivers and Restraints
- 6. South & Central America Heavy Construction Equipment Market Regional Analysis
- 6.1 South & Central America Heavy Construction Equipment Market Overview
- 6.2 South & Central America Heavy Construction Equipment Market Revenue 2021-2031 (US$ Million)
- 6.3 South & Central America Heavy Construction Equipment Market Forecast Analysis
- 7. South & Central America Heavy Construction Equipment Market Analysis – by Type
- 7.1 Earthmoving Equipment
- 7.1.1 Overview
- 7.1.2 Earthmoving Equipment: South & Central America Heavy Construction Equipment Market – Revenue and Forecast to 2031 (US$ Million)
- 7.2 Material Handling Equipment
- 7.2.1 Overview
- 7.2.2 Material Handling Equipment: South & Central America Heavy Construction Equipment Market – Revenue and Forecast to 2031 (US$ Million)
- 7.3 Heavy Construction Vehicles
- 7.3.1 Overview
- 7.3.2 Heavy Construction Vehicles: South & Central America Heavy Construction Equipment Market – Revenue and Forecast to 2031 (US$ Million)
- 7.4 Others
- 7.4.1 Overview
- 7.4.2 Others: South & Central America Heavy Construction Equipment Market – Revenue and Forecast to 2031 (US$ Million)
- 8. South & Central America Heavy Construction Equipment Market Analysis – by Product Output
- 8.1 Less than 100 HP
- 8.1.1 Overview
- 8.1.2 Less than 100 HP: South & Central America Heavy Construction Equipment Market – Revenue and Forecast to 2031 (US$ Million)
- 8.2 101-200 HP
- 8.2.1 Overview
- 8.2.2 101-200 HP: South & Central America Heavy Construction Equipment Market – Revenue and Forecast to 2031 (US$ Million)
- 8.3 201-400 HP
- 8.3.1 Overview
- 8.3.2 201-400 HP: South & Central America Heavy Construction Equipment Market – Revenue and Forecast to 2031 (US$ Million)
- 8.4 Above 400 HP
- 8.4.1 Overview
- 8.4.2 Above 400 HP: South & Central America Heavy Construction Equipment Market – Revenue and Forecast to 2031 (US$ Million)
- 9. South & Central America Heavy Construction Equipment Market Analysis – by Propulsion Type
- 9.1 ICE
- 9.1.1 Overview
- 9.1.2 Above 400 HP: South & Central America Heavy Construction Equipment Market – Revenue and Forecast to 2031 (US$ Million)
- 9.2 Electric
- 9.2.1 Overview
- 9.2.2 Above 400 HP: South & Central America Heavy Construction Equipment Market – Revenue and Forecast to 2031 (US$ Million)
- 10. South & Central America Heavy Construction Equipment Market – South and Central America Analysis
- 10.1 South and Central America
- 10.1.1 South & Central America Heavy Construction Equipment Market Breakdown, by Key Country, 2025 and 2031 (%)
- 10.1.1.1 South & Central America Heavy Construction Equipment Market – Revenue and Forecast Analysis – by Country
- 10.1.1.1 Brazil: South & Central America Heavy Construction Equipment Market – Revenue and Forecast to 2031 (US$ Million)
- 10.1.1.1.1 Brazil: South & Central America Heavy Construction Equipment Market Breakdown, by Type
- 10.1.1.1.2 Brazil: South & Central America Heavy Construction Equipment Market Breakdown, by Product Output
- 10.1.1.1.3 Brazil: South & Central America Heavy Construction Equipment Market Breakdown, by Propulsion Type
- 10.1.1.2 Argentina: South & Central America Heavy Construction Equipment Market – Revenue and Forecast to 2031 (US$ Million)
- 10.1.1.2.1 Argentina: South & Central America Heavy Construction Equipment Market Breakdown, by Type
- 10.1.1.2.2 Argentina: South & Central America Heavy Construction Equipment Market Breakdown, by Product Output
- 10.1.1.2.3 Argentina: South & Central America Heavy Construction Equipment Market Breakdown, by Propulsion Type
- 10.1.1.3 Chile: South & Central America Heavy Construction Equipment Market – Revenue and Forecast to 2031 (US$ Million)
- 10.1.1.3.1 Chile: South & Central America Heavy Construction Equipment Market Breakdown, by Type
- 10.1.1.3.2 Chile: South & Central America Heavy Construction Equipment Market Breakdown, by Product Output
- 10.1.1.3.3 Chile: South & Central America Heavy Construction Equipment Market Breakdown, by Propulsion Type
- 10.1.1.4 Colombia: South & Central America Heavy Construction Equipment Market – Revenue and Forecast to 2031 (US$ Million)
- 10.1.1.4.1 Colombia: South & Central America Heavy Construction Equipment Market Breakdown, by Type
- 10.1.1.4.2 Colombia: South & Central America Heavy Construction Equipment Market Breakdown, by Product Output
- 10.1.1.4.3 Colombia: South & Central America Heavy Construction Equipment Market Breakdown, by Propulsion Type
- 10.1.1.5 and Rest of SAM: South & Central America Heavy Construction Equipment Market – Revenue and Forecast to 2031 (US$ Million)
- 10.1.1.5.1 and Rest of SAM: South & Central America Heavy Construction Equipment Market Breakdown, by Type
- 10.1.1.5.2 and Rest of SAM: South & Central America Heavy Construction Equipment Market Breakdown, by Product Output
- 10.1.1.5.3 and Rest of SAM: South & Central America Heavy Construction Equipment Market Breakdown, by Propulsion Type
- 11. Competitive Landscape
- 11.1 Heat Map Analysis
- 11.2 Company Positioning and Concentration
- 12. South & Central America Heavy Construction Equipment Market Industry Landscape
- 12.1 Overview
- 12.2 Mergers and Acquisitions
- 12.3 Agreements, Collaborations, and Joint Ventures
- 12.4 New Product Launches
- 12.5 Expansions and Other Strategic Developments
- 13. Company Profiles
- 13.1 JC BAMFORD EXCAVATORS LTD
- 13.1.1 Key Facts
- 13.1.2 Business Description
- 13.1.3 Products and Services
- 13.1.4 Financial Overview
- 13.1.5 SWOT Analysis
- 13.1.6 Key Developments
- 13.2 AB VOLVO
- 13.2.1 Key Facts
- 13.2.2 Business Description
- 13.2.3 Products and Services
- 13.2.4 Financial Overview
- 13.2.5 SWOT Analysis
- 13.2.6 Key Developments
- 13.3 CATERPILLAR INC
- 13.3.1 Key Facts
- 13.3.2 Business Description
- 13.3.3 Products and Services
- 13.3.4 Financial Overview
- 13.3.5 SWOT Analysis
- 13.3.6 Key Developments
- 13.4 HITACHI LTD
- 13.4.1 Key Facts
- 13.4.2 Business Description
- 13.4.3 Products and Services
- 13.4.4 Financial Overview
- 13.4.5 SWOT Analysis
- 13.4.6 Key Developments
- 13.5 HYUNDAI CONSTRUCTION EQUIPMENT CO LTD
- 13.5.1 Key Facts
- 13.5.2 Business Description
- 13.5.3 Products and Services
- 13.5.4 Financial Overview
- 13.5.5 SWOT Analysis
- 13.5.6 Key Developments
- 13.6 DOOSAN CORP
- 13.6.1 Key Facts
- 13.6.2 Business Description
- 13.6.3 Products and Services
- 13.6.4 Financial Overview
- 13.6.5 SWOT Analysis
- 13.6.6 Key Developments
- 13.7 CNH INDUSTRIAL NV
- 13.7.1 Key Facts
- 13.7.2 Business Description
- 13.7.3 Products and Services
- 13.7.4 Financial Overview
- 13.7.5 SWOT Analysis
- 13.7.6 Key Developments
- 13.8 DEERE & CO
- 13.8.1 Key Facts
- 13.8.2 Business Description
- 13.8.3 Products and Services
- 13.8.4 Financial Overview
- 13.8.5 SWOT Analysis
- 13.8.6 Key Developments
- 13.9 KOMATSU LTD
- 13.9.1 Key Facts
- 13.9.2 Business Description
- 13.9.3 Products and Services
- 13.9.4 Financial Overview
- 13.9.5 SWOT Analysis
- 13.9.6 Key Developments
- 13.10 LIEBHERR
- 13.10.1 Key Facts
- 13.10.2 Business Description
- 13.10.3 Products and Services
- 13.10.4 Financial Overview
- 13.10.5 SWOT Analysis
- 13.10.6 Key Developments
- 14. Appendix
- 14.1 About Business Market Insights
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