South America Excavator Market Outlook, 2027

South America Excavator Market is segmented into countries like Brazil Excavator Market, Argentina Excavator Market, and Columbia Excavator Market.

Featured Companies

  • 1. Caterpillar Private Limited
  • 2. CNH Industrial
  • 3. Doosan Infracore
  • 4. Epiroc
  • 5. Hitachi Construction Machinery Co. Ltd
  • 6. J C Bamford Excavators Ltd
  • More...

The growth of the South American construction equipment market is being driven by the introduction of low-emission and energy-efficient models. The fluctuation in oil prices, increased carbon footprints, and the weak economic conditions in South America are some of the challenging factors for the growth of the excavator market. The improving expansion of the industry will be driven by the arrival of critical development and growth in several large markets, such as Brazil and Colombia, as well as the continued strong growth of other markets, including Chile and Peru. The report, titled "South America Excavator Market Outlook, 2027" by Bonafide Research, highlights how the market has grown over the years and the forecasted results for the market. According to the report, the South American market was recorded to be growing at a CAGR of more than 3.5% and is estimated to reach a market of USD 4 Billion by the end of the forecast period. Brazil leads the excavator market in South America. Brazil has been displaying an increasing market share over the years and is expected to continue the same. Argentina has contributed immensely to the South American market, which is in a declining stage of its share of the market.

What's Inside a Bonafide Research`s industry report?

Asia-Pacific dominates the market and is the largest and fastest-growing market in the animal growth promoters industry globally

Download Sample

In Brazil, the crawler excavator market is expected to generate solid revenue in the coming years due to the considerable expansion of the construction, mining, and oil & gas industries. The concession model, in which firms and investors compete to invest in and run long-term projects, has become popular in Brazil's infrastructure development. According to Brazil's infrastructure minister, a US$50 Billion investment in concession projects would result in a construction boom, developing the country's airways, roads, and railways by the end of 2022. Investors have spent over $10 Billion on several projects, including a rail line connecting Brazil's east coast to the country's western agricultural interior, multiple road projects, five ports, and 22 airports. On August 1, 2010, this entry was published. The use of construction equipment on a rental basis is also driving the market growth. This helps small and medium-sized businesses by allowing them to buy equipment on a trial basis, which is one of the key factors driving the need for excavators in Brazil. The government's ambitious economic strategy involves increasing infrastructure spending to over USD 65 Billion per year by 2022, which will fuel the demand for the Brazilian construction equipment industry. Over the next few years, Brazil is anticipated to see steady development in green buildings. This prediction is based on the rapid growth of green certifications, which has resulted in a reasonably mature industry. South America has experienced significant growth in recent years, but this growth has not been uniform across the continent in terms of GDP and the infrastructure market. The major market drivers in the South American region are the recovery in the construction industry, the surge in private-public partnerships, and the rapid urbanization of the region. The end-users for excavators in South America range from manufacturing, oil & gas, forestry, mining, construction, and infrastructure. The marketers are now focusing on designing compact, high-performing models with more fuel efficiency. The prominent players have introduced advanced heavy construction equipment, which adheres to the government norms and caters to the demand from these end-users.

Make this report your own

Have queries/questions regarding a report?

Take advantage of intelligence tailored to your business objective

Manmayi Raval

Manmayi Raval

Research Consultant

COVID-19 impacts In March 2020, the World Health Organization (WHO) declared COVID-19 as a global pandemic, resulting in the governments of several countries imposing lockdowns. There is a high probability that the COVID-19 outbreak will have long-term effects on consumers’ lifestyles and behavior. In South America, the lockdowns have impacted construction activities, which have consequently affected the demand for excavators. However, the slowdown in industrial manufacturing is also likely to hamper market growth. The pandemic has impacted several industries, either directly or indirectly, disrupting vendor operations, supply chains, and product commercialization, among other economic activities. However, the halt in mining activities across the region has also hindered the wheeled excavator market. The industry is facing challenges such as price fluctuations, halted production, and disrupted supply chains due to the corona-virus pandemic. Major Companies Present In the Market Caterpillar Private Limited, CNH Industrial, Doosan Infracore, Epiroc Construction Machinery Co. Ltd, Hitachi Construction Machinery Co. Ltd, J C Bamford Excavators Ltd, John Deere Ltd, Kobe Steel Ltd, Komatsu Ltd., Kubota Corporation, Liebherr Group, Metso Corporation, Sandvik Mining And Rock Technology, Sany Group, Terex Corporation, Volvo Construction Equipments, XCMG Ltd., Zoomlion Co. Ltd Considered In the Report • Geography: South America • Historical year: 2016 • Base year: 2021 • Estimated year: 2022 • Forecasted year: 2027

Don’t pay for what you don’t need. Save 30%

Customise your report by selecting specific countries or regions

Specify Scope Now
Manmayi Raval

Countries covered: • Brazil • Argentina • Columbia • Rest of South America Aspects Covered In the Report • Market Size By Value for the historic time period (2016-2021) • Market Size By Value for the forecast time period (2022-2027) • Market Share by Application (Construction, Mining, utility & agriculture) • Market Share by Machine Type (Mini Excavator, Crawler, Wheeled, Others) • Market Share by Country (2016, 2021 & 2027F) The approach of the report: We keep an eye on evolving markets and try to evaluate the potential of the products and services. If we find the market interesting, we start working on it and create the desired table of content, considering all aspects of the business. We start by creating separate questionnaires for C-level executives, national/regional sales personnel, company owners, dealers, distributors, and end-users. Once the questionnaires have been finalized, we start collecting the primary data (mostly through phone calls) and try to understand the market dynamics regionally or tier-wise. This process gives us in-depth details of the market, including all present companies, the top-performing products with reasons why they dominate; we get the details of new players and their innovative approaches; market trends; dynamics; and all the small details of the market. After the collection of primary inputs, we then cross-check the same with secondary sources that include associations, trade journals, annual reports, paid databases, newspapers, magazines, press releases, government sources, etc. From this, we get a rough estimate of the market and start checking existing product price variants, trade, production, raw material scenarios, policies and regulatory landscape, etc. Then, to finalize the market, we start collecting financials of each player present in the market, including limited, private limited, and LLPs. Moreover, we perform cross-industry and cross-region analysis of the product, and based on collected primary inputs and using statistical modeling, we start forecasting the market. We follow our forecasting algorithm, which is unique for each product but gives more weight age to primary inputs. At the same time, the content team starts preparing company profiles, market dynamics, market trends, five forces, PEST analysis, etc. Once the data is verified by the data expert, the team (primary team, content team, and data team) together crosscheck the segmentations, validate the market, and then the designing team starts plotting the graphs. Once the file is ready, the content team completes the report and makes sure that all the discussed points have been covered and provides their valuable inputs in the form of strategic recommendations for new as well as existing players. The QC team then checks the overall report that includes spell check, data verification, and makes the same dispatch ready and error-free. Intended Audience This report can be useful to industry consultants, manufacturers, suppliers, associations & organizations related to the construction machinery and excavator industry, government bodies, and other stakeholders to align their market-centric strategies. In addition to marketing & presentations, it will also increase competitive knowledge about the industry.

Companies Mentioned

  • Caterpillar Private Limited
  • CNH Industrial
  • Doosan Infracore
  • Epiroc
  • Hitachi Construction Machinery Co. Ltd
  • J C Bamford Excavators Ltd
  • John Deere Ltd
  • Kobe Steel Ltd
  • Komatsu
  • Kubota Corporation
  • Liebherr
  • Metso
  • Sandvik Mining And Rock Technology
  • Sany
  • Terex Corporation
  • Volvo Construction Equipments
  • Zoomlion
  • XCMG

Table of Contents

  • Table of Contents
  • 1. Executive Summary
  • 2. Report Methodology
  • 3. Market Structure
  • 3.1. Market Considerate
  • 3.2. Market Definition
  • 4. Economic /Demographic Snapshot
  • 5. Global Excavator Market Outlook
  • 5.1. Market Size By Value
  • 5.2. Market Share
  • 5.2.1. By Region
  • 5.2.2. By Country
  • 5.2.3. By Company
  • 5.2.4. By Application
  • 5.2.5. By Machine Type
  • 6. South America Excavator Market Outlook
  • 6.1. Market Size By Value
  • 6.2. Market Share
  • 6.2.1. By Country
  • 6.2.2. By Application
  • 6.2.3. By Machine Type
  • 6.3. Brazil Excavator Market Outlook
  • 6.3.1. Market Size By Value
  • 6.3.2. Market Share
  • 6.3.2.1. By Application
  • 6.3.2.2. By Machine Type
  • 6.4. Argentina Excavator Market Outlook
  • 6.4.1. Market Size By Value
  • 6.4.2. Market Share
  • 6.4.2.1. By Application
  • 6.4.2.2. By Machine Type
  • 6.5. Columbia Excavator Market Outlook
  • 6.5.1. Market Size By Value
  • 6.5.2. Market Share
  • 6.5.2.1. By Application
  • 6.5.2.2. By Machine Type
  • 6.6. Rest of South America Excavator Market Outlook
  • 6.6.1. Market Size By Value
  • 6.6.2. Market Share
  • 6.6.2.1. By Application
  • 6.6.2.2. By Machine Type
  • 7. Market Dynamics
  • 7.1. Market Drivers
  • 7.2. Market Challenges
  • 8. Market Trends and Developments
  • 8.1. XXXXXX
  • 8.2. XXXXXX
  • 8.3. XXXXXX
  • 9. Competitive Landscape
  • 9.1. Porters Five Force Model
  • 9.2. Company Profiles
  • 9.2.1. Caterpillar Private Limited
  • 9.2.2. CNH Industrial
  • 9.2.3. Doosan Infracore
  • 9.2.4. Epiroc Construction Machinery Co. Ltd
  • 9.2.5. Hitachi Construction Machinery Co. Ltd
  • 9.2.6. J C Bamford Excavators Ltd
  • 9.2.7. John Deere Ltd
  • 9.2.8. Kobe Steel Ltd
  • 9.2.9. Komatsu Ltd.
  • 9.2.10. Kubota Corporation
  • 9.2.11. Liebherr Group
  • 9.2.12. Metso Corporation
  • 9.2.13. Sandvik Mining And Rock Technology
  • 9.2.14. Sany Group
  • 9.2.15. Terex Corporation
  • 9.2.16. Volvo Construction Equipments
  • 9.2.17. XCMG Ltd.
  • 9.2.18. Zoomlion Co. Ltd.
  • 10. Strategic Recommendations
  • 11. Disclaimer

List of Tables
Table 1: Top 10 Counties Economic Snapshot 2020
Table 2: Economic Snapshot of Other Prominent Countries 2020
Table 3: Average Exchange Rates for Converting Foreign Currencies into U.S. Dollars
Table 4: Global Excavator Market Share By Region (2016, 2021&2027F)
Table 5: Global Excavator Market Share By Country (2016, 2021 & 2027F)
Table 6: Global Excavator Market Share By Company (2021)
Table 7: South America Excavator Market Share By Country (2016, 2021 & 2027F)
Table 8: Key Facts of Caterpillar Private Limited
Table 9: Key Facts of CNH Industrial
Table 10: Key Facts of Doosan Infracore
Table 11: Key Facts of Epiroc Construction Machinery Co. Ltd
Table 12: Key Facts of Hitachi Construction Machinery Co. Ltd
Table 13: Key Facts of J C Bamford Excavators Ltd
Table 14: Key Facts of John Deere Ltd
Table 15: Key Facts of Kobe Steel Ltd
Table 16: Key Facts of Komatsu Ltd.
Table 17: Key Facts of Kubota Corporation
Table 18: Key Facts of Liebherr Group
Table 19: Key Facts of Metso Corporation
Table 20: Key Facts of Sandvik Mining And Rock Technology
Table 21: Key Facts of Sany Group
Table 22: Key Facts of Terex Corporation
Table 23: Key Facts of Volvo Construction Equipments
Table 24: Key Facts of XCMG Ltd.
Table 25: Key Facts of Zoomlion Co. Ltd.

List of Figures
Figure 1: Global Excavator Market Size By Value 2016 to 2027F (In USD Billion)
Figure 2: Global Excavator Market Share By Application (2016, 2021 & 2027F)
Figure 3: Global Excavator Market Share By Machine Type (2016, 2021 & 2027F)
Figure 4: South America Excavator Market Size By Value 2016 to 2027F (In USD Billion)
Figure 5: South America Excavator Market Share By Application (2016, 2021 & 2027F)
Figure 6: South America Excavator Market Share By Machine Type (2016, 2021 & 2027F)
Figure 7: Brazil Excavator Market Size By Value 2016 to 2027F (In USD Billion)
Figure 8: Brazil Excavator Market Share By Application (2016, 2021 & 2027F)
Figure 9: Brazil Excavator Market Share By Machine Type (2016, 2021 & 2027F)
Figure 10: Argentina Excavator Market Size By Value 2016 to 2027F (In USD Billion)
Figure 11: Argentina Excavator Market Share By Application (2016, 2021 & 2027F)
Figure 12: Argentina Excavator Market Share By Machine Type (2016, 2021 & 2027F)
Figure 13: Columbia Excavator Market Size By Value 2016 to 2027F (In USD Billion)
Figure 14: Columbia Excavator Market Share By Application (2016, 2021 & 2027F)
Figure 15: Columbia Excavator Market Share By Machine Type (2016, 2021 & 2027F)
Figure 16: Rest of South America Excavator Market Size By Value 2016 to 2027F (In USD Billion)
Figure 17: Rest of South America Excavator Market Share By Application (2016, 2021 & 2027F)
Figure 18: Rest of South America Excavator Market Share By Machine Type (2016, 2021 & 2027F)
Figure 19: Market Attractiveness Index, 2021
Figure 20: Market Attractiveness Index, 2027F

Feed Phosphate Market Research FAQs

The major players in the market constitute 60-70% of the market which is majorly owed to their brand name and presence in multiple regions.

Adoption of Automated Excavator is expected to drive the growth of the Excavators Market.

In South America, Brazil is expected to be the fastest-growing nation.

Based on application, the mining, utility, and agriculture application segment is anticipated to lead the of South America market.

On the basis of types, the crawler segment is anticipated to dominate the South America market.
Logo

South America Excavator Market Outlook, 2027

Contact usWe are friendly and approachable, give us a call.