Brazil Construction Equipment Market (2020-2026) - industry, Size, Share, Trend, Growth, Forecast, Analysis, Outlook & COVID-19 IMPACT

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.

Latest 2023 Development of the Brazil Construction Equipment Market

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 Synopsis

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. 

COVID-19 influence on 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.

Market Analysis by Types

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.

Key Highlights of the Report:

• Brazil Construction Equipment Market Overview.
• Brazil Construction Equipment Market Outlook.
• Brazil Construction Equipment Market Size and Brazil Construction Equipment Market Forecast until 2026.
• Historical Data of Brazil Construction Equipment Market Revenues & Volume for the Period 2016-2019.
• Market Size & Forecast of Brazil Construction Equipment Market Revenues & Volume until 2026.
• Historical Data of Brazil Construction Equipment Market Revenues and Volume, By Application, for the Period 2016-2019
• Market Size & Forecast of Brazil Construction Equipment Market Revenues and Volume, By Application, until 2026
• Market Drivers and Restraints
• Brazil Construction Equipment Market Trends and Industry Life Cycle
• Porter's Five Force Analysis
• Market Opportunity Assessment
• Brazil Construction Equipment Market Share, By Players
• Brazil Construction Equipment Market Overview on Competitive Benchmarking
• Company Profiles
• Key Strategic Recommendations

Markets Covered

The Brazil Construction Equipment Market report provides a detailed analysis of the following market segments:

• By Types:

  • Cranes
    • Mobile Crane
    • Crawler Crane
    • Tower Crane
    • Construction Tractor and Bulldozer
  • Earthmoving Equipment
    • Loaders
    • Excavators
    • Motor Grader
  • Aerial Work Equipment
    • Articulated Boom Lifts
    • Telescopic Boom Lifts
    • Scissor Lifts
  • Material Handling Equipment
    • Telescopic Handlers
    • Forklifts
  • Dump Trucks
  • Road Construction Equipment
    • Pavers
    • Road Rollers
• By Applications:
  • Construction
  • Oil & Gas
  • Mining
  • Others (Municipality, Road Construction)

Brazil Construction Equipment Market: FAQs