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Latin America Excavator Market Outlook, 2025

Latin America Excavator Market Outlook, 2025

Bonafide Research 24-08-2020 83 Pages Figures : 38 Tables : 7
Region : South America Category : Manufacturing & Industry Machinery, Parts & Equipment

1. Caterpillar Private Limited

2. CNH Industrial

3. Doosan Infracore

4. Hitachi Construction Machinery Co. Ltd

5. J C Bamford Excavators Ltd

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Latin America is a large region covering most of Central and South America and the Spanish, Portuguese, and other French-speaking countries. Located in the western hemisphere, it is the fourth largest continent. It is bounded by the Caribbean Sea in the north and northwest, the Atlantic Ocean in the majority of the eastern direction, and the Pacific Ocean to the west. The construction equipment comprises heavy-duty vehicles, which are specially designed for use in various construction tasks such as drilling, hauling, excavating, paving, and grading.
The report titled 'Latin America Excavator Market Outlook, 2025' by Bonafide Research highlights how the market has grown over the years now and the forecasted results for the market. According to the report, the Latin American market was recorded to be growing at a CAGR of 6% and is estimated to reach a market of USD 3.50 Billion by the end of the forecasted period. Brazil leads the excavator market for Latin America. Brazil has been displaying an increasing market share over the years and is expected to continue the same. Following Brazil, Argentina has contributed immensely to the Latin American market, which is in a declining stage of its share towards the market.
The region did show a considerable growth in the past years, the growth is not uniform across the continent in terms of GDP and the infrastructure market. The major market drivers in the Latin American region are the recovery in the construction industry, the surge in private-public partnerships, and the rapid urbanization in Latin America. The end-users for excavators in Latin 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 cater to the demand from these end-users.
The growth of the Latin American heavy vehicle market is by the introduction of low emission and energy-efficient models. Contradicting to which the fluctuation in the oil prices, increased carbon footprints, and the weak economic conditions in Latin America restrain the excavator market growth. The improving expansion of the industry will be driven by an arrival to 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.

MAJOR COMPANIES PRESENT IN THE MARKET
Caperpillar, Doosan, CNH, Hitachi Constructions, JCB, Komatsu, Terex

CONSIDERED IN THE REPORT
• Geography: Latin America
• Base year: 2018-19
• Historical year: 2013-14
• Estimated year: 2019-20
• Forecasted year: 2024-25

REGIONS COVERED:
• Brazil
• Argentina
• Columbia
• Rest Of Latin America
The report also covers the major countries in the region with a clear comparison of the past performance and the estimated growth of the market in the forecasted period. Also, the market is studied in detail with respect to the different types of the excavators and its purposes regionally.

ASPECTS COVERED IN THE REPORT
• Market Size By Value for the time period (2014-2019)
• Market Size By Value for the time period (2020-2025)
• Market Share by Application (2019 & 2025)
• Market Share by Machine Type (2019 & 2025)
• Market Share by Country (2019 & 2025)

THE APPROACH OF THE REPORT:
We keep an eye on evolving markets and try to evaluate the potentials in the product and services. If we found 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 personals, company owners, dealers, distributors & end-users. Once the questionnaires have been finalized, we start collecting the primary data (majorly through phone calls) and try to understand the market dynamics with regional/tier wise. This process gives us in-depth detail of the market including all present companies, the top-performing product with reasons why they dominate; we get the details of new players and their innovative approach and 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. By this, we get a rough estimate of the market and start checking existing product price variant, trade, production, raw material scenario, 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, 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 giving more weight age to primary inputs. At the same time, the content team starts preparing company profiles, market dynamics, market trends, five forces, and 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, validates 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 strategic recommendations’ for new as well as the 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.

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