How big is the Brazil Construction Equipment Market?

The Brazil Construction Equipment Market size is expected to reach USD 2.25 billion in 2024 and grow at a CAGR of 6.5% to reach USD 3.28 billion by 2029. Read More

What is the current Brazil Construction Equipment Market size?

In 2024, the Brazil Construction Equipment Market size is expected to reach USD 2.25 billion. Read More

Who are the key players in Brazil Construction Equipment Market?

Caterpillar Inc., Liebherr Group, J C Bamford Excavators Ltd, Komatsu Ltd. and AB Volvo are the major companies operating in the Brazil Construction Equipment Market. Read More

What years does this Brazil Construction Equipment Market cover, and what was the market size in 2023?

In 2023, the Brazil Construction Equipment Market size was estimated at USD 2.10 billion. The report covers the Brazil Construction Equipment Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Brazil Construction Equipment Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029. Read More

Brazil Construction Equipment Market Share

Statistics for the 2023 & 2024 Brazil Construction Equipment market share, created by Mordor Intelligence™ Industry Reports. Brazil Construction Equipment share report includes a market forecast to 2029 and historical overview. Get a sample of this industry share analysis as a free report PDF download.

Market Share of Brazil Construction Equipment Industry

The construction equipment market in Brazil is currently dominated by several key players, including industry giants such as Komatsu Ltd., Liebherr Group, Caterpillar Inc., and others. These key players are actively involved in strategic initiatives like mergers and acquisitions, as well as the introduction of innovative products to solidify their market positions and stay ahead in this competitive landscape.

For instance, in February 2023, Volvo Construction Equipment took a significant step towards sustainability by unveiling a solution to convert the L120 wheel loader into an electric version. This development caters to the growing demand for more environmentally friendly options in the mid-size equipment range. The 20-ton L120H Electric Conversion is slated to be commercially available to selected customers in Europe throughout 2023.

In July 2022, XCMG Construction Equipment Co. Ltd. made substantial advancements in Brazil by signing a notable agreement worth USD 200 million. This agreement was centered around the development of new energy equipment, specifically the introduction of XE27U and XE35U hydraulic excavators in the Brazilian market. These initiatives underline the industry's commitment to innovation and its eagerness to provide cutting-edge solutions to meet the evolving needs of construction projects in Brazil.