Brazil Cranes Market Outlook (2023-2029) | Trends, Growth, COVID-19 IMPACT, Share, Value, Size, Forecast, Revenue, Companies, Industry & Analysis

Brazil Cranes Market | Country-Wise Share and Competition Analysis

In the year 2021, Germany was the largest exporter in terms of value, followed by China. It has registered a growth of 138.17% over the previous year. While China registered a growth of 199.43% as compared to the previous year. In the year 2017, Germany was the largest exporter followed by China. In terms of the Herfindahl Index, which measures the competitiveness of countries exporting, Brazil has a Herfindahl index of 4032 in 2017 which signifies high concentration also in 2021 it registered a Herfindahl index of  4623 which signifies high concentration in the market.

Brazil Cranes Market - Export Market Opportunities

Topics Covered in Brazil Cranes Market Report

Brazil Cranes Market report thoroughly covers the market by product type and end-user. The market report provides an unbiased and detailed analysis of the ongoing market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.

Brazil Cranes Market Synopsis

Brazil Cranes Market is estimated to flourish in the near future as the country is one of the major economies in Latin America and it has a major construction sector, which stimulates the demand for cranes as cranes are very essential components that play a huge part in construction projects.

According to 6Wresearch, the Brazil Cranes Market size is anticipated to boost more during 2023–2029. The cranes industry in the nation is growing faster and smoother and it has more chances to rise effortlessly in the future. There is no wonder that the nation is one of the largest economies in its region. Brazil has a large construction sector, that fuels the demand for cranes in the nation. Cranes have a very crucial role in construction projects which include infrastructure development, energy projects, commercial complexes, and residential buildings. The country has been investing highly in infrastructure projects in order to enhance transportation networks, including railways, airports, ports, and highways. These projects need cranes for expansion, maintenance, and construction purposes. In addition, in 2014, the country hosted FIFA World Cup as well as Olympic Games in 2016, and this led to major infrastructure development and expanded demand for cranes. Complex tax regulations, economic fluctuations, and bureaucratic procedures are some key challenges facing the Cranes Market in Brazil.

COVID-19 Impact on Brazil Cranes Market

The COVID-19 pandemic disrupted almost every industry since the virus was unknown to everyone and the healthcare sector around the world needed time to come up with a specific treatment for this virus, thus, governments around the world have to impose strict lockdowns in order to curb the virus spread, the lockdown resulted in disruptions in supply chain, disruption in manufacturing and delays in product delivery. The pandemic also impacted consumers since consumer markets had to stop their operations in order to follow government guidelines. There was a significant disruption in demand for cranes in Brazil, which affected the Brazil Cranes Market Growth.

Brazil Cranes Industry: Major Companies

• Some significant companies in the market are:
• Mills Estruturas e Serviços de Engenharia S.A.
• Sotreq
• Locar Guindastes e Transportes Intermodais
• BKL Empreendimentos
• Mamuth Guindastes e Transportes Especiais
• Manitowoc Crane Group Brazil
• Terex Corporation
• Liebherr Brazil
• Zoomlion Heavy Industry Science & Technology Co., Ltd.
• Tadano Brazil Ltd

Future of Brazil Cranes Market

Growth in the construction industry of the country is the major factor that is anticipated to stimulate the growth of this market in the future. There is a significant requirement for infrastructure development in the country, including energy projects, urbanization initiatives, and transportation networks. Investment in these industries is likely to stimulate the demand for cranes in the nation since they are crucial for maintenance and construction activities. The government of the country also focuses on infrastructure development as well as attracting private investments in the market. Initiatives like public-private partnerships, stimulus packages, and concessions can create chances for more construction projects, which will lead to an expansion in demand for cranes.

Market by Product Type

According to Parth, Senior Research Analyst, 6Wresearch, the mobile crane segment has more chances to become the most popular segment by product type in the future owing to its rising demand.

Market by End-User

On the basis of end-user, the market is bifurcated into Construction, Mining, Industrial, Oil & Gas, as well as Others. The construction segment will grow in the near future as it is the major end-user of cranes.

Key Attractiveness of the Report

• COVID-19 Impact on the Market.
• 10 Years Market Numbers.
• Historical Data Starting from 2019 to 2022.
• Base Year: 2022
• Forecast Data until 2029.
• Key Performance Indicators Impacting the Market.
• Major Upcoming Developments and Projects.

Key Highlights of the Report:

• Brazil Cranes Market Outlook
• Market Size of Brazil Cranes Market, 2022
• Forecast of Brazil Cranes Market, 2029
• Historical Data and Forecast of Brazil Cranes Revenues & Volume for the Period 2019 - 2029
• Brazil Cranes Market Trend Evolution
• Brazil Cranes Market Drivers and Challenges
• Brazil Cranes Price Trends
• Brazil Cranes Porter's Five Forces
• Brazil Cranes Industry Life Cycle
• Historical Data and Forecast of Brazil Cranes Market Revenues & Volume By Product Type for the Period 2019 - 2029
• Historical Data and Forecast of Brazil Cranes Market Revenues & Volume By Mobile for the Period 2019 - 2029
• Historical Data and Forecast of Brazil Cranes Market Revenues & Volume By Fixed for the Period 2019 - 2029
• Historical Data and Forecast of Brazil Cranes Market Revenues & Volume By Marine for the Period 2019 - 2029
• Historical Data and Forecast of Brazil Cranes Market Revenues & Volume By End-User for the Period 2019 - 2029
• Historical Data and Forecast of Brazil Cranes Market Revenues & Volume By Construction for the Period 2019 - 2029
• Historical Data and Forecast of Brazil Cranes Market Revenues & Volume By Mining for the Period 2019 - 2029
• Historical Data and Forecast of Brazil Cranes Market Revenues & Volume By Industrial for the Period 2019 - 2029
• Historical Data and Forecast of Brazil Cranes Market Revenues & Volume By Oil & Gas for the Period 2019 - 2029
• Historical Data and Forecast of Brazil Cranes Market Revenues & Volume By Others for the Period 2019 - 2029
• Brazil Cranes Import Export Trade Statistics
• Market Opportunity Assessment By Product Type
• Market Opportunity Assessment By End-User
• Brazil Cranes Top Companies Market Share
• Brazil Cranes Competitive Benchmarking By Technical and Operational Parameters
• Brazil Cranes Company Profiles
• Brazil Cranes Key Strategic Recommendations

Market Covered

The report offers a comprehensive study of the subsequent market segments:

By Product Type

• Mobile
• Fixed
• Marine

By End-User

• Construction
• Mining
• Industrial
• Oil & Gas
• Others