Columbia Construction Equipment Market Overview, 2027

Columbia Construction Equipment Market Size, Share, Trend & Market Analysis By Type, By Distribution Channel, By End User, Competition, Forecast & Opportunities.

"Colombia's growing economy depends heavily on the construction equipment market for infrastructure expansion and economic growth. The Colombian construction sector reflects a special fusion of creativity, resilience, and promise. It is renowned for its varied landscapes, ambitious construction projects, and dedication to sustainable development. The Colombian market for construction equipment is characterised by a wide variety of projects in a number of industries, including residential, commercial, industrial, transportation, and public works. The Colombian construction industry meets the changing demands of a fast expanding population and a country intent on progress, providing urban development, energy facilities, transportation networks, and social infrastructure. According to the report, ""Columbia Construction Equipment Market Overview, 2027,"" published by Bonafide Research, the market is anticipated to witness prominent market growth during the upcoming timeframe. The government's commitment to developing and investing in infrastructure is one of the major factors driving the Colombian construction equipment industry. Major investments in utilities, transportation, housing, and public infrastructure modernization have been sparked by programmes including the Housing for All Programme, the Fourth Generation (4G) Infrastructure Programme, and the Road Infrastructure Programme. Because of these activities, there is now a significant market for construction equipment, which is expanding and helping Colombia's economy change. The operation of the construction equipment market in Colombia is governed by a legal framework that guarantees adherence to safety and industry standards. Regulators, safety advocates, and industry cooperation are all fostered through organisations like the Ministry of Transportation and the Colombian Association of Construction and Infrastructure (CAMACOL). Construction equipment that is sold in Colombia is of the highest quality, performs as expected, and is safe thanks to regulatory body-set safety protocols and certifications like ISO standards compliance.

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The Columbia construction equipment market is experiencing an upward trend owing to an increasing focus on smart cities and buildings. Several government authorities are establishing strategic partnerships with private firms to increase their transition toward smart cities, creating a positive market outlook. On the other hand, the trend of fully autonomous equipment in the industry isn’t a reality yet, but it is where the industry is eventually going. In the construction industry, autonomous equipment can provide benefits such as increased worker safety on the job site, increased productivity, and addressing the problem of skilled labour shortages. The demand for machines that are cost-effective, with regulatory pressures for lower emissions, is pressuring construction equipment manufacturers to opt for electric and hybrid vehicles over the traditional hydraulic and mechanical ones across the country. Further, the construction industry is getting smarter. Digitalization, connectivity, and automation are driving development forward, having a substantial impact on construction projects. According to the report, the market is segmented into three types of applications, including earth moving machinery, material handling machinery, and concrete and road construction machinery. Among these types, earth moving machinery is anticipated to acquire higher market growth during the forecast period. Excavators, loaders, dozers, and motor graders are considered part of the earth-moving machinery segment. Among them, excavators and loaders are leading the market in 2021. Further, dumpers, cranes, telescopic handlers, and forklifts are considered part of material handling machinery. Among these types, dumpers and cranes are projected to dominate the overall market. On the other hand, cement/transit mixers, compactors & road rollers, and pavers/asphalt finishers are considered under the concrete & road construction machinery segment. Among them, cement/transit mixer is leading the market in 2021. COVID-19 Impacts: The Columbia construction equipment market was hit hardest in the first three quarters of 2020 due to the significant spread of COVID-19. Governments across the country accepted strict safety measures, including lockdown, to contain the virus. This lockdown resulted in the temporary suspension of construction activities, the shutdown of construction equipment manufacturing facilities, and disturbances in imports and exports. However, changes in consumer preference and increasing industrialization across the country are anticipated to propel higher market growth during the forecast period.

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Manmayi Raval

Manmayi Raval

Research Consultant

Considered In the Report • Geography: Columbia • Base year: 2021 • Historical year: 2016 • Estimated year: 2022 • Forecasted year: 2027 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 (2021-2027) • Market Share by Application (2016, 2021 & 2027F) • Market Share by Equipment (2016, 2021 & 2027F) Segments covered in the Report By Application • Earth Moving Machinery • Material Handling Machinery • Concrete and road construction Machinery • Other Machinery

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Manmayi Raval

By Earth Moving Machinery • Excavators • Loaders • Dozers • Motor Graders By Material Handling Machinery • Dumper /Dump Truck/ Tippers • Cranes (Tower Crane, Mobile Crane) • Telescopic Handlers • Forklift By Concrete and Road Construction Machinery • Cement/Transit mixers • Compactors & Road Rollers • Pavers/Asphalt Finishers • Others 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 modelling, 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. "

Table of Contents

  • Table of Contents
  • 1. Executive Summary
  • 2. Introduction
  • 2.1. Market Definition
  • 2.2. Market Scope & Segmentation
  • 2.3. Research Methodology
  • 3. Columbia Macro-Economic Indicators
  • 4. Columbia Construction Equipment Market Category Analysis
  • 4.1. Key findings
  • 4.2. Market Drivers
  • 4.3. Market Restraints
  • 4.4. Policies & Certification
  • 4.5. Opportunities
  • 4.6. Value Chain Analysis
  • 4.7. Key Developments - 2021
  • 5. Columbia Construction Equipment Market Trends
  • 6. Columbia Construction Equipment Market Overview
  • 6.1. Market Size By Value
  • 6.2. Market Share
  • 6.2.1. By Earth Moving Machinery
  • 6.2.2. By Material Handling Machinery
  • 6.2.3. By Concrete and Road Construction Machinery
  • 6.2.4. By Other Machinery
  • 7. Columbia Construction Equipment Market Segmentations
  • 7.1. Columbia Construction Equipment Market, By Earth Moving Machinery
  • 7.1.1. Columbia Construction Equipment Market Size, By Excavators, 2016 - 2027F
  • 7.1.2. Columbia Construction Equipment Market Size, By Loaders, 2016 - 2027F
  • 7.1.3. Columbia Construction Equipment Market Size, By Dozers, 2016 - 2027F
  • 7.1.4. Columbia Construction Equipment Market Size, By Motor graders, 2016 - 2027F
  • 7.2. Columbia Construction Equipment Market, By Material Handling Machinery
  • 7.2.1. Columbia Construction Equipment Market Size, By Dumper /Dump Truck/ Tippers, 2016 - 2027F
  • 7.2.2. Columbia Construction Equipment Market Size, By Cranes, 2016 - 2027F
  • 7.2.3. Columbia Construction Equipment Market Size, By Telescopic Handlers, 2016 - 2027F
  • 7.2.4. Columbia Construction Equipment Market Size, By Forklift, 2016 - 2027F
  • 7.3. Columbia Construction Equipment Market, By Concrete and Road Construction Machinery
  • 7.3.1. Columbia Construction Equipment Market Size, By Cement/Transit mixers, 2016 - 2027F
  • 7.3.2. Columbia Construction Equipment Market Size, By Compactors & Road Rollers, 2016 - 2027F
  • 7.3.3. Columbia Construction Equipment Market Size, By Pavers/Asphalt Finishers, 2016 - 2027F
  • 7.3.4. Columbia Construction Equipment Market Size, By Others, 2016 - 2027F
  • 8. Columbia Construction Equipment Market Opportunity Assessment
  • 8.1. Columbia Construction Equipment Market By Earth Moving, 2022F to 2027F
  • 8.2. Columbia Construction Equipment Market By Material Handling, 2022F to 2027F
  • 8.3. Columbia Construction Equipment Market By Concrete and Road Construction, 2022F to 2027F
  • 9. Competitive Landscape
  • 9.1. Porter's Five Forces
  • 9.2. Company Profiles
  • 9.2.1. Company 1
  • 9.2.2. Company 2
  • 9.2.3. Company 3
  • 9.2.4. Company 4
  • 9.2.5. Company 5
  • 9.2.6. Company 6
  • 9.2.7. Company 7
  • 9.2.8. Company 8
  • 10. Strategic Recommendations
  • 11. Disclaimer

List of Tables
Table 1: Columbia Construction Equipment Market Size of Excavators (2016 to 2027F) (In USD Billion)
Table 2: Columbia Construction Equipment Market Size of Stationary Loaders (2016 to 2027F) (In USD Billion)
Table 3: Columbia Construction Equipment Market Size of Dozers (2016 to 2027F) (In USD Billion)
Table 4: Columbia Construction Equipment Market Size of Motor graders (2016 to 2027F) (In USD Billion)
Table 5: Columbia Construction Equipment Market Size of Dumper /Dump Truck/ Tippers (2016 to 2027F) (In USD Billion)
Table 6: Columbia Construction Equipment Market Size of Cranes (2016 to 2027F) (In USD Billion)
Table 7: Columbia Construction Equipment Market Size of Telescopic Handlers (2016 to 2027F) (In USD Billion)
Table 8: Columbia Construction Equipment Market Size of Forklift (2016 to 2027F) (In USD Billion)
Table 9: Columbia Construction Equipment Market Size of Cement/Transit mixers (2016 to 2027F) (In USD Billion)
Table 10: Columbia Construction Equipment Market Size of Compactors & Road Rollers (2016 to 2027F) (In USD Billion)
Table 11: Columbia Construction Equipment Market Size of Pavers/Asphalt Finishers (2016 to 2027F) (In USD Billion)
Table 12: Columbia Construction Equipment Market Size of Others (2016 to 2027F) (In USD Billion)
Table 13: Key Facts of Company 1
Table 14: Key Facts of Company 2
Table 15: Key Facts of Company 3
Table 16: Key Facts of Company 4
Table 17: Key Facts of Company 5
Table 18: Key Facts of Company 6
Table 19: Key Facts of Company 7
Table 20: Key Facts of Company 8

List of Figures
Figure 1: Columbia Construction Equipment Market Size By Value 2016 to 2027F (In USD Billion)
Figure 2: Columbia Construction Equipment Market Share By Earth Moving Machinery Type (2016, 2021 & 2027)
Figure 3: Columbia Construction Equipment Market Share By Material Handling Machinery (2016, 2021 & 2027)
Figure 4: Columbia Construction Equipment Market Share By Concrete and Road Construction Machinery (2016, 2021 & 2027)
Figure 5: Columbia Construction Equipment Market Share By Other Machinery (2016, 2021 & 2027)
Figure 6: Market Attractiveness Index, By Earth Moving Machinery
Figure 7: Market Attractiveness Index, By Material Handling Machinery
Figure 8: Market Attractiveness Index, By Concrete and Road Construction Machinery
Figure-9: Porter's Five Forces Meter of Construction Equipment industry in Columbia
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Columbia Construction Equipment Market Overview, 2027

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