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Latin America Construction Equipment Market Outlook (2022 to 2032)

Latin America construction equipment market size is expected to grow from US$ 8,676.6 Million in 2022 to US$ 13,586.7 Million by the end of 2032. Furthermore, with increasing government spending in construction and mining activities, the overall sales of construction equipment across Latin America are projected to surge at 4.6% CAGR between 2022 and 2032.

Construction equipment refers to heavy machines designed to execute construction tasks, most frequently involving earthwork operations and other large construction tasks. This equipment helps in increasing the rate of output through work progress with the best effective and efficient methods. They help construction companies significantly improve their productivity, reduce labor costs, and minimize errors.

In civil construction and infrastructure development, construction equipment is mostly utilized for loading and unloading, extraction services, etc. Increasing investments in the construction of infrastructure, including roads, bridges, and railroads are providing a major impetus to the growth of the Latin America construction equipment industry.

In recent years, governmental organizations across nations like Brazil, Mexico, and Peru have all increased their investments to strengthen their economies. They are committed to developing and expanding the public infrastructure. This in turn is creating growth prospects for the Latin America construction equipment industry.

Similarly, the growing penetration of mechanization in the construction industry for reducing labor requirements and costs, improving productivity, and eliminating the risk of errors is expected to generate lucrative opportunities for construction equipment manufacturers.

To cope with this rising trend of mechanization, manufacturers are continuously innovating to develop high-tech construction machines with enhanced features.

Currently, the Latin America construction equipment industry accounts for 5 to 7% of the global construction equipment market on a value basis and this number is likely to further increase during the forthcoming decade on the back of flourishing residential and construction sectors.

With Latin America, Mexico is expected to hold a dominant share during the forecast period owing to the increasing construction activities and favorable government support. Mexico’s government is committed to transforming the country into a world-class logistics platform by promoting the development of infrastructure as well as maintaining the existing one while encouraging balanced regional development and sustainable urban growth. This is creating lucrative opportunities for construction equipment manufacturers.

Thriving Construction Sector Bringing Technological Advances in Construction Equipment

The construction industry’s growth is in the midst of a dynamic period of fast modernization. In many respects, construction equipment manufacturers are beginning to resemble Silicon Valley tech businesses that are making advances in low-emission equipment, equipment automation, and informatics.

Construction equipment like mini cranes is gaining wider popularity due to their compactness, relatively lightweight, and ability to run on electric power & closed spaces.

Furthermore, the increasing investment in the construction and mining industries boosts the use of the latest technology in construction equipment, allowing projects to be completed efficiently which is among the economic recovery strategy.

Other manufacturers of construction equipment, like LiuGong and Hyundai, are anticipated to follow the same pattern in the Argentine market. During the projection period, the construction industry is anticipated to generate the highest demand for construction equipment as a result of various construction projects launched by governments.

Attribute Key Insights
Latin America Construction Equipment Market Base Value (2021A) US$ 8,335.9 Million
Estimated Market Value (2022E) US$ 8,676.6 Million
Projected Market Value (2032F) US$ 13,586.7 Million
Value-based CAGR (2022 to 2032) 4.6%

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Demand Analysis of Construction Equipment from 2017 to 2021 Vs Market Forecast for 2022 to 2032

According to Future Market Insights, the global demand for construction equipment increased by volume at a CAGR of 2.2% during the historical period from 2017 to 2021 and totaled a valuation of US$ 8,335.9 Million at the end of 2021.

However, with the rapid growth of residential, commercial, and industrial sectors across countries like Mexico, Brazil, and Chile, the overall market for construction equipment is projected to grow at 4.6% CAGR between 2022 and 2032.

Construction operations formerly relied on sluggish, conventional techniques which would incur huge labor costs. In order to make construction easier, faster, and cost-efficient, companies across Latin America are increasingly opting for advanced construction equipment like excavators, cranes, loaders, concrete mixers, etc. This is playing a key role in boosting the Latin America construction equipment industry.

Construction equipment helps end users in the timely completion of projects, quality output, increased productivity, reliability, and safety. As a result, more and more construction companies across countries like Brazil, Argentina, and Mexico have now shifted their focus toward advanced construction technologies.

Similarly, due to the necessity for modernized and automated building processes, there is a growing need for construction equipment with more sophisticated intelligent characteristics, such as remote access devices, automatic controls, and more sophistication as compared to human labor. Estimates state that with every 0.5% growth in mechanization, the need for construction equipment would rise by $30 to 35 billion during the forecast period between 2022 and 2032.

What are the Key Trends Shaping the Latin America Construction Equipment Market?

Innovation in Construction Equipment to Expand the Latin America Market

The overall market for construction equipment in Latin America is projected to create an incremental dollar opportunity of US$ 4,910.1 Million between 2022 and 2032. One of the key trends driving the construction equipment industry forward in Latin America is the development of technologically advanced construction equipment. The demand for these automated solutions is rising owing to their increased productivity with minimum errors and reduced effort.

Autonomous operating technology is becoming more popular in construction equipment as it improves productivity, ensures safety, and lowers unscheduled maintenance. During the projected period, this will produce possibilities for the market to expand and change. For instance, XCMG promoted its digital transformation based on the new Intelligent Manufacturing 4.0 model, bolstering the design and development of the new generation of information technologies, including big data, artificial intelligence, 5G, industrial internet, and digital twin, as well as accelerating intelligent manufacturing to reach the leading position.

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Country-wise Insights

Will Mexico Retain its Dominance in the Latin America Construction Equipment Industry?

Flourishing Construction Industry Generating High Demand in Mexico

By 2032, Mexico is anticipated to account for around 30% of the Latin America market and is projected to expand at a CAGR of 4.8%. The government's investments in public infrastructures, such as roads, airports, public transportation infrastructure, and the energy sector, are expected to fuel growth in Mexico’s construction equipment industry.

Due to the government's plan to achieve carbon-neutral targets by 2040, investment in renewable energy projects has increased substantially in Latin America. This will continue to generate high demand for construction equipment.

Similarly, the booming construction industry in the country is expected to generate high demand for construction equipment like excavators, cranes, concrete mixers & pavers, construction pumps, and asphalt finishers during the forecast period.

According to a report published by the International Trade Administration, the construction industry value in Mexico reached US$ 88.14 billion in 2021 and is likely to surpass US$ 96.77 Billion by 2022. This will eventually create prospects for construction equipment manufacturers during the assessment period.

Why is Brazil Emerging as a Lucrative Construction Equipment Market?

Increasing Investments in Commercial Construction Activities Boosting Market in Brazil

Brazil's construction equipment market size reached US$ 1,700.2 Million in 2021 and it is expected to grow by 150 basis points between 2022 and 2032.

The growth prospects of Brazil’s construction industry are highly supported by the increasing investments in telecommunication, transport, renewable energy, and the housing sectors, which are estimated to create significant opportunities for Brazilian construction equipment manufacturers during the forecast period.

In addition to these, the rapid growth of the commercial construction sector, improvement in retail and tourism activities, and increasing private and public investment to modernize the country’s transport sector, are expected to boost sales of construction equipment in the Brazilian market. A CAGR of 5.4% has been predicted by FMI for the Brazilian construction equipment industry for the projection period (2022 to 2032).

Category-wise Insights

Which Drive Type is More Popular Among Latin Americans?

End Users in Latin America Prefer Hydraulic Construction Equipment

Based on the drive type, the hydraulic segment is expected to account for more than 60% share of the overall market, and this dominance is expected to continue throughout the forecast period. This can be attributed to the rising end-user preference for hydraulic construction equipment due to various benefits.

The benefits of hydraulic construction equipment like its versatile control, reliability, and power density make it the best choice for construction sites that require long-lasting reliability, power, and control. The development of the construction sector and integration of automation in hydraulic equipment will further boost the growth of this segment during the forecast period.

On the other hand, the electric & hybrid construction equipment segment is expected to grow at the highest rate of 5.1% and is expected to create an absolute dollar opportunity of US$ 1,902.0 Million between 2022 and 2032.

Which is the Top Selling Equipment Type in the Market?

Earth Moving Machinery to Remain the Highly Sought-After Equipment Type

Based on equipment type, the earth-moving machinery segment size stood at US$ 5,597.5 Million in 2022 and it is projected to reach US$ 8,962.2 Million in 2032. Furthermore, a steady CAGR of 4.8% has been predicted by FMI for earth moving machinery segment for the forecast period of 2022 to 2032.

This growth is driven by the high demand for equipment such as excavators, loaders, and other heavy equipment, which are considered to be important resources for quarrying and demolishing activities in the construction sectors.

Similarly, a rise in the number of new mining and construction projects across countries like Brazil, Chile, Mexico, and Argentina will further boost the sales of earth-moving machines during the forecast period.

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Competitive Landscape

Key players are increasingly adopting a wide range of organic and inorganic strategies such as new product launches in Latin American countries, strengthening distribution channels, mergers, acquisitions, and partnerships to gain a competitive edge in the market.

Potential opportunities for prominent players depend upon their understanding of regional schemes and marketing tactics, in which new product launches are one of the prime strategies, including highly innovative products with reduced product costs, which enhance their product portfolio and help them gain market compatibility with future market trends. Some of the recent development in the market are given below:

  • In March 2022, Hitachi Construction Machinery Americas Inc. (HCMA), officially kicked off a new era in North America and Latin America. HCMA will now officially lead the Hitachi brand’s construction and mining equipment sales and service support efforts.
  • In October 2021, Volvo introduced the new high-tech excavator EC380EL in Chile to meet end-user demands.
  • In September 2021, Kobelco Construction Machinery Co., Ltd., took over the commercial distribution of hydraulic excavators in Latin America from its USA subsidiary, Kobelco Construction Machinery USA Inc.

Latin America Construction Equipment Report Scope

Attribute Details
Estimated Market Size (2022) US$ 8,676.6 Million
Projected Market Size (2032) US$ 13,586.7 Million
Anticipated Market Size (2022 to 2032) 4.6% CAGR
Forecast Period 2022 to 2032
Historical Data Available for 2017 to 2021
Market Analysis US$ Million for Value
Key Countries Covered Brazil, Mexico, Argentina, Peru, Chile, Rest of Latin America
Key Market Segments Covered Equipment Type, Drive Type, Diameter, Power Output, Sales Channel, End Use, and Countries
Key Companies Profiled
  • Caterpillar Inc.
  • Komatsu Ltd.
  • Deere & Company
  • CNH Industrial N.V
  • Sany Heavy Industry Co., Ltd.
  • Zoomlion Heavy Industry Science & Technology co, ltd
  • Liebherr-International AG
  • Zoomlion Heavy Industry Science and Technology Co., Ltd.
  • KOBELCO Construction Machinery Co., Ltd.
Report Coverage Market Forecast, brand share analysis, competition intelligence, Drivers, Restraints, Opportunities, and Threats analysis, Market Dynamics and Challenges, Strategic Growth Initiatives

Key Segments Covered in Latin America Construction Equipment Industry Analysis

By Equipment Type:

  • Earth Moving Machinery
    • Excavator
    • Loader
    • Others
  • Construction Material Handling Machinery
    • Crawler Cranes
    • Trailer Mounted Cranes
    • Truck Mounted Cranes
  • Concrete and Road Construction Machinery
    • Concrete Mixer & Pavers
    • Construction Pumps
    • Articulated Dump Truck
    • Asphalt Finisher
    • Backhoe Loader
    • Road Roller
    • Others

By Drive Type:

  • Hydraulic
  • Electric and Hybrid

By Power Output:

  • <100 HP
  • 101–200 HP
  • 201–400 HP
  • >400 HP

By Sales Channel:

  • New
  • Used

By End Use:

  • Residential
  • Commercial
  • Industrial and Institutional

By Country:

  • Brazil
  • Mexico
  • Argentina
  • Peru
  • Chile
  • Rest of Latin America

Frequently Asked Questions

How big is the market for construction equipment in Latin America?

The Latin America construction equipment market is currently valued at US$ 8,676.6 Million.

At what rate will demand for construction equipment grow across Latin America between 2022 and 2032?

Demand for construction equipment across Latin America is poised to rise at 4.6% CAGR between 2022 and 2032.

What is the estimated valuation for Latin America construction equipment industry by 2032?

The overall market for construction equipment in Latin America is expected to reach a valuation of US$ 13,586.7 Million by 2032.

Who are the top five manufacturers of construction equipment worldwide?

Caterpillar Inc., Komatsu Ltd., Deere & Company, Sany Heavy Industry Co., Ltd., and Liebherr-International AG are the top manufacturers of construction equipment.

Which equipment type dominates the global market?

The earth-moving equipment segment leads the global market with a volume share of more than 40% in 2022.

Which end use industry holds the maximum potential for the growth of construction equipment industry?

Residential and industrial & institutional construction segments are estimated to collectively account for about 65% of the total market share in 2022.

Table of Content

1. Executive Summary | Latin America Construction Equipment Market

    1.1. Market Outlook

    1.2. Demand Side Trends

    1.3. Supply Side Trends

    1.4. Technology Roadmap

    1.5. Analysis and Recommendations

2. Market Overview

    2.1. Market Coverage / Taxonomy

    2.2. Market Definition / Scope / Limitations

3. Key Market Trends

    3.1. Key Trends Impacting the Market

    3.2. Product Innovation / Development Trends

4. Key Success Factors

    4.1. Product Adoption / Usage Analysis

    4.2. Product USPs / Features

    4.3. Strategic Promotional Strategies

5. Market Demand Analysis 2017 to 2021 and Forecast, 2022 to 2032

    5.1. Historical Market Volume (Units) Analysis, 2017 to 2021

    5.2. Current and Future Market Volume (Units) Projections, 2022 to 2032

    5.3. Y-o-Y Growth Trend Analysis

6. Market - Pricing Analysis

    6.1. Pricing Analysis By Equipment Type

    6.2. Average Pricing Analysis Benchmark

7. Market Demand (in Value or Size in US$ Million) Analysis 2017 to 2021 and Forecast, 2022 to 2032

    7.1. Historical Market Value (US$ Million) Analysis, 2017 to 2021

    7.2. Current and Future Market Value (US$ Million) Projections, 2022 to 2032

        7.2.1. Y-o-Y Growth Trend Analysis

        7.2.2. Absolute $ Opportunity Analysis

8. Market Background

    8.1. Macro-Economic Factors

        8.1.1. Economic Outlook

        8.1.2. GDP Growth Outlook

        8.1.3. Construction Industry Outlook

        8.1.4. Urbanization and Infrastructure Outlook

        8.1.5. Other Macro-Economic Factors

    8.2. Forecast Factors - Relevance & Impact

        8.2.1. Top Companies Historical Growth

        8.2.2. GDP Growth Outlook

        8.2.3. Government Regulations

        8.2.4. Construction Sector Growth Outlook

        8.2.5. Investment in Construction and Infrastructure

        8.2.6. Other Forecast Factors

    8.3. Value Chain

        8.3.1. List of Manufacturers

        8.3.2. List of Distributors

        8.3.3. Trade Margins/Profit Margins

    8.4. COVID-19 Crisis – Impact Assessment

        8.4.1. Current Statistics

        8.4.2. Short-Mid-Long Term Outlook

        8.4.3. Likely Rebound

    8.5. Market Dynamics

        8.5.1. Drivers

        8.5.2. Restraints

        8.5.3. Opportunity Analysis

9. Market Analysis 2017 to 2021 and Forecast 2022 to 2032, by Equipment Type

    9.1. Introduction / Key Findings

    9.2. Historical Market Size (US$ Million) and Volume Analysis By Equipment Type, 2017 to 2021

    9.3. Current and Future Market Size (US$ Million) and Volume Analysis and Forecast By Equipment Type, 2022 to 2032

        9.3.1. Earth Moving Machinery

            9.3.1.1. Excavator

            9.3.1.2. Loader

            9.3.1.3. Others

        9.3.2. Construction Material Handling Machinery

            9.3.2.1. Crawler Cranes

            9.3.2.2. Trailer Mounted Cranes

            9.3.2.3. Truck-Mounted Cranes

        9.3.3. Concrete and Road Construction Machinery

            9.3.3.1. Concrete Mixer & Pavers

            9.3.3.2. Construction Pumps

            9.3.3.3. Articulated Dump Truck

            9.3.3.4. Asphalt Finisher

            9.3.3.5. Backhoe Loader

            9.3.3.6. Road Roller

            9.3.3.7. Others

    9.4. Market Attractiveness Analysis By Equipment Type

10. Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Drive Type

    10.1. Introduction / Key Findings

    10.2. Historical Market Size (US$ Million) and Volume Analysis By Drive Type, 2017 to 2021

    10.3. Current and Future Market Size (US$ Million) and Volume Analysis and Forecast By Drive Type, 2022 to 2032

        10.3.1. Hydraulic

        10.3.2. Electric and Hybrid

    10.4. Market Attractiveness Analysis By Drive Type

11. Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Power Output

    11.1. Introduction / Key Findings

    11.2. Historical Market Size (US$ Million) and Volume Analysis By Power Output, 2017 to 2021

    11.3. Current and Future Market Size (US$ Million) and Volume Analysis and Forecast By Power Output, 2022 to 2032

        11.3.1. <100 HP

        11.3.2. 101–200 HP

        11.3.3. 201–400 HP

        11.3.4. >400 HP

    11.4. Market Attractiveness Analysis By Power Output

12. Market Analysis 2017 to 2021 and Forecast 2022 to 2032, by Sales Channel

    12.1. Introduction / Key Findings

    12.2. Historical Market Size (US$ Million) and Volume Analysis By Sales Channel, 2017 to 2021

    12.3. Current and Future Market Size (US$ Million) and Volume Analysis and Forecast By Sales Channel, 2022 to 2032

        12.3.1. New

        12.3.2. Used

    12.4. Market Attractiveness Analysis By Sales Channel

13. Market Analysis 2017 to 2021 and Forecast 2022 to 2032, by End Use

    13.1. Introduction / Key Findings

    13.2. Historical Market Size (US$ Million) and Volume Analysis By End Use, 2017 to 2021

    13.3. Current and Future Market Size (US$ Million) and Volume Analysis and Forecast By End Use, 2022 to 2032

        13.3.1. Residential

        13.3.2. Commercial

        13.3.3. Industrial and Institutional

    13.4. Market Attractiveness Analysis By End Use

14. Market Analysis 2017 to 2021 and Forecast 2022 to 2032, by Country

    14.1. Introduction

    14.2. Historical Market Size (US$ Million) and Volume Analysis By Country, 2017 to 2021

    14.3. Current Market Size (US$ Million) and Volume Analysis and Forecast By Country, 2022 to 2032

        14.3.1. Brazil

        14.3.2. Mexico

        14.3.3. Argentina

        14.3.4. Peru

        14.3.5. Chile

        14.3.6. Rest of

    14.4. Market Attractiveness Analysis By Country

15. Brazil Market Analysis 2017 to 2021 and Forecast 2022 to 2032

    15.1. Introduction

    15.2. Historical Market Size (US$ Million) and Volume Trend Analysis By Market Taxonomy, 2017 to 2021

    15.3. Market Size (US$ Million) and Volume Forecast By Market Taxonomy, 2022 to 2032

        15.3.1. By Equipment Type

        15.3.2. By Drive Type

        15.3.3. By Power Output

        15.3.4. By Sales Channel

        15.3.5. By End Use

    15.4. Market Attractiveness Analysis

        15.4.1. By Equipment Type

        15.4.2. By Drive Type

        15.4.3. By Power Output

        15.4.4. By Sales Channel

        15.4.5. By End Use

16. Mexico Market Analysis 2017 to 2021 and Forecast 2022 to 2032

    16.1. Introduction

    16.2. Historical Market Size (US$ Million) and Volume Trend Analysis By Market Taxonomy, 2017 to 2021

    16.3. Market Size (US$ Million) and Volume Forecast By Market Taxonomy, 2022 to 2032

        16.3.1. By Equipment Type

        16.3.2. By Drive Type

        16.3.3. By Power Output

        16.3.4. By Sales Channel

        16.3.5. By End Use

    16.4. Market Attractiveness Analysis

        16.4.1. By Equipment Type

        16.4.2. By Drive Type

        16.4.3. By Power Output

        16.4.4. By Sales Channel

        16.4.5. By End Use

17. Argentina Market Analysis 2017 to 2021 and Forecast 2022 to 2032

    17.1. Introduction

    17.2. Historical Market Size (US$ Million) and Volume Trend Analysis By Market Taxonomy, 2017 to 2021

    17.3. Market Size (US$ Million) and Volume Forecast By Market Taxonomy, 2022 to 2032

        17.3.1. By Equipment Type

        17.3.2. By Drive Type

        17.3.3. By Power Output

        17.3.4. By Sales Channel

        17.3.5. By End Use

    17.4. Market Attractiveness Analysis

        17.4.1. By Equipment Type

        17.4.2. By Drive Type

        17.4.3. By Power Output

        17.4.4. By Sales Channel

        17.4.5. By End Use

18. Peru Market Analysis 2017 to 2021 and Forecast 2022 to 2032

    18.1. Introduction

    18.2. Historical Market Size (US$ Million) and Volume Trend Analysis By Market Taxonomy, 2017 to 2021

    18.3. Market Size (US$ Million) and Volume Forecast By Market Taxonomy, 2022 to 2032

        18.3.1. By Equipment Type

        18.3.2. By Drive Type

        18.3.3. By Power Output

        18.3.4. By Sales Channel

        18.3.5. By End Use

    18.4. Market Attractiveness Analysis

        18.4.1. By Equipment Type

        18.4.2. By Drive Type

        18.4.3. By Power Output

        18.4.4. By Sales Channel

        18.4.5. By End Use

19. Chile Market Analysis 2017 to 2021 and Forecast 2022 to 2032

    19.1. Introduction

    19.2. Historical Market Size (US$ Million) and Volume Trend Analysis By Market Taxonomy, 2017 to 2021

    19.3. Market Size (US$ Million) and Volume Forecast By Market Taxonomy, 2022 to 2032

        19.3.1. By Equipment Type

        19.3.2. By Drive Type

        19.3.3. By Power Output

        19.3.4. By Sales Channel

        19.3.5. By End Use

    19.4. Market Attractiveness Analysis

        19.4.1. By Equipment Type

        19.4.2. By Drive Type

        19.4.3. By Power Output

        19.4.4. By Sales Channel

        19.4.5. By End Use

20. Rest of Market Analysis 2017 to 2021 and Forecast 2022 to 2032

    20.1. Introduction

    20.2. Historical Market Size (US$ Million) and Volume Trend Analysis By Market Taxonomy, 2017 to 2021

    20.3. Market Size (US$ Million) and Volume Forecast By Market Taxonomy, 2022 to 2032

        20.3.1. By Equipment Type

        20.3.2. By Drive Type

        20.3.3. By Power Output

        20.3.4. By Sales Channel

        20.3.5. By End Use

    20.4. Market Attractiveness Analysis

        20.4.1. By Equipment Type

        20.4.2. By Drive Type

        20.4.3. By Power Output

        20.4.4. By Sales Channel

        20.4.5. By End Use

21. Market Structure Analysis

    21.1. Market Analysis by Tier of Companies

    21.2. Market Share Analysis of Top Players

    21.3. Market Presence Analysis

    21.4. Key Players Brand Mapping

22. Competition Analysis

    22.1. Competition Dashboard

    22.2. Competition Benchmarking

    22.3. Competition Deep Dive

        22.3.1. Caterpillar Inc

            22.3.1.1. Overview

            22.3.1.2. Product Portfolio

            22.3.1.3. Profitability by Market Segments (Equipment Type/Drive Type/Power Output/Sales Channel/End Use/Country)

            22.3.1.4. Sales Footprint

            22.3.1.5. Strategy Overview

        22.3.2. CNH Industrial N.V

            22.3.2.1. Overview

            22.3.2.2. Product Portfolio

            22.3.2.3. Profitability by Market Segments (Equipment Type/Drive Type/Power Output/Sales Channel/End Use/Country)

            22.3.2.4. Sales Footprint

            22.3.2.5. Strategy Overview

        22.3.3. Doosan Corporation

            22.3.3.1. Overview

            22.3.3.2. Product Portfolio

            22.3.3.3. Profitability by Market Segments (Equipment Type/Drive Type/Power Output/Sales Channel/End Use/Country)

            22.3.3.4. Sales Footprint

            22.3.3.5. Strategy Overview

        22.3.4. Escorts Limited

            22.3.4.1. Overview

            22.3.4.2. Product Portfolio

            22.3.4.3. Profitability by Market Segments (Equipment Type/Drive Type/Power Output/Sales Channel/End Use/Country)

            22.3.4.4. Sales Footprint

            22.3.4.5. Strategy Overview

        22.3.5. Hitachi Construction Machinery Co. Ltd.

            22.3.5.1. Overview

            22.3.5.2. Product Portfolio

            22.3.5.3. Profitability by Market Segments (Equipment Type/Drive Type/Power Output/Sales Channel/End Use/Country)

            22.3.5.4. Sales Footprint

            22.3.5.5. Strategy Overview

        22.3.6. Hyundai Co. Ltd.

            22.3.6.1. Overview

            22.3.6.2. Product Portfolio

            22.3.6.3. Profitability by Market Segments (Equipment Type/Drive Type/Power Output/Sales Channel/End Use/Country)

            22.3.6.4. Sales Footprint

            22.3.6.5. Strategy Overview

        22.3.7. J C Bamford Excavators Ltd.

            22.3.7.1. Overview

            22.3.7.2. Product Portfolio

            22.3.7.3. Profitability by Market Segments (Equipment Type/Drive Type/Power Output/Sales Channel/End Use/Country)

            22.3.7.4. Sales Footprint

            22.3.7.5. Strategy Overview

        22.3.8. Deere & Company

            22.3.8.1. Overview

            22.3.8.2. Product Portfolio

            22.3.8.3. Profitability by Market Segments (Equipment Type/Drive Type/Power Output/Sales Channel/End Use/Country)

            22.3.8.4. Sales Footprint

            22.3.8.5. Strategy Overview

        22.3.9. Kobelco Construction Machinery Co. Ltd.

            22.3.9.1. Overview

            22.3.9.2. Product Portfolio

            22.3.9.3. Profitability by Market Segments (Equipment Type/Drive Type/Power Output/Sales Channel/End Use/Country)

            22.3.9.4. Sales Footprint

            22.3.9.5. Strategy Overview

        22.3.10. Komatsu Ltd.

            22.3.10.1. Overview

            22.3.10.2. Product Portfolio

            22.3.10.3. Profitability by Market Segments (Equipment Type/Drive Type/Power Output/Sales Channel/End Use/Country)

            22.3.10.4. Sales Footprint

            22.3.10.5. Strategy Overview

        22.3.11. Liebherr-International AG

            22.3.11.1. Overview

            22.3.11.2. Product Portfolio

            22.3.11.3. Profitability by Market Segments (Equipment Type/Drive Type/Power Output/Sales Channel/End Use/Country)

            22.3.11.4. Sales Footprint

            22.3.11.5. Strategy Overview

        22.3.12. Manitou BF

            22.3.12.1. Overview

            22.3.12.2. Product Portfolio

            22.3.12.3. Profitability by Market Segments (Equipment Type/Drive Type/Power Output/Sales Channel/End Use/Country)

            22.3.12.4. Sales Footprint

            22.3.12.5. Strategy Overview

        22.3.13. Sany Heavy Industry Co., Ltd.

            22.3.13.1. Overview

            22.3.13.2. Product Portfolio

            22.3.13.3. Profitability by Market Segments (Equipment Type/Drive Type/Power Output/Sales Channel/End Use/Country)

            22.3.13.4. Sales Footprint

            22.3.13.5. Strategy Overview

        22.3.14. Sumitomo Heavy Industries, Ltd.

            22.3.14.1. Overview

            22.3.14.2. Product Portfolio

            22.3.14.3. Profitability by Market Segments (Equipment Type/Drive Type/Power Output/Sales Channel/End Use/Country)

            22.3.14.4. Sales Footprint

            22.3.14.5. Strategy Overview

        22.3.15. Terex Corporation

            22.3.15.1. Overview

            22.3.15.2. Product Portfolio

            22.3.15.3. Profitability by Market Segments (Equipment Type/Drive Type/Power Output/Sales Channel/End Use/Country)

            22.3.15.4. Sales Footprint

            22.3.15.5. Strategy Overview

        22.3.16. Volvo AB

            22.3.16.1. Overview

            22.3.16.2. Product Portfolio

            22.3.16.3. Profitability by Market Segments (Equipment Type/Drive Type/Power Output/Sales Channel/End Use/Country)

            22.3.16.4. Sales Footprint

            22.3.16.5. Strategy Overview

        22.3.17. Zoomlion Heavy Industry Science & Technology Co., Ltd

            22.3.17.1. Overview

            22.3.17.2. Product Portfolio

            22.3.17.3. Profitability by Market Segments (Equipment Type/Drive Type/Power Output/Sales Channel/End Use/Country)

            22.3.17.4. Sales Footprint

            22.3.17.5. Strategy Overview

        22.3.18. Xuzhou Construction Machinery Group

            22.3.18.1. Overview

            22.3.18.2. Product Portfolio

            22.3.18.3. Profitability by Market Segments (Equipment Type/Drive Type/Power Output/Sales Channel/End Use/Country)

            22.3.18.4. Sales Footprint

            22.3.18.5. Strategy Overview

        22.3.19. ULMA Group

            22.3.19.1. Overview

            22.3.19.2. Product Portfolio

            22.3.19.3. Profitability by Market Segments (Equipment Type/Drive Type/Power Output/Sales Channel/End Use/Country)

            22.3.19.4. Sales Footprint

            22.3.19.5. Strategy Overview

        22.3.20. Schaeffler

            22.3.20.1. Overview

            22.3.20.2. Product Portfolio

            22.3.20.3. Profitability by Market Segments (Equipment Type/Drive Type/Power Output/Sales Channel/End Use/Country)

            22.3.20.4. Sales Footprint

            22.3.20.5. Strategy Overview

         Note: The list of companies is subject to refinement and augmentation during the course of research

23. Assumptions and Acronyms Used

24. Research Methodology

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