More than 55,821 Units of Construction Equipment to be Sold Across Brazil - Exclusive Research Report by Arizton - Seite 2

Rise in Mining Activities Drive the Brazil Construction Equipment Market

• There is a surge in demand for commodities such as gold, copper, iron ore, and silver worldwide. Brazil's mining sector has ample opportunity to grow recently. The region is one of the leading producers of iron ore, copper, and gold.
• Brazil is one of the world's largest sources of reserves and metal, including aluminum, iron ore, and nickel, and the world's largest producer of gold. The demand for these metals is expected to rise due to their use in industry and construction activities.
• Nickel is used to manufacture batteries for electric vehicles. Thus, the domestic and internal demand for electric cars will drive the demand for nickels in the market.
• Iron ore, copper, and aluminum are used in construction projects across the globe. The mining companies are also investing in extraction projects.

Brazil Construction Equipment Market Dynamics

Drivers

• Brazil increased Investments in Public Infrastructure
• Surge in Renewable Energy Projects in the region
• Rise in Mining Activities drive the Demand for Construction Equipment

Trends

• Water Management Projects Trigger Demand for Backhoe Loaders with Flexible Attachments
• Rising Demand for Electric Forklift in Latin American Countries

Challenges

• High Inflation Rates Adversely Impact Corporate Investments
• Mining Projects Hampered by Environmental Protest
• Foreign Construction Equipment Manufacturers Impacted by High Import Duties

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Key Vendors 

• Caterpillar
• Komatsu
• Liebherr
• Xuzhou Construction Machinery Group (XCMG)
• Volvo Construction Equipment
• Hitachi Construction Machinery
• Zoomlion Heavy Industry Science & Technology Co., Ltd.
• JCB
• SANY
• Hyundai Construction Equipment

Other Prominent Vendors

• Kobelco
• Liugong
• John Deere
• Yanmar
• CNH Industrial
• Toyota Material Handling
• Bobcat
• Wacker Neuson
• Tadano
• SAKAI HEAVY INDUSTRIES, LTD.
• Shantui Construction Machinery Co., Ltd
• Bomag
• Ammann
• Sunward
• Hangcha
• Romanelli
• AIMIX Group

Distributors Profiles