Latin America Mining Equipment Market

Will Increasing Number of Surface Mining across Brazil, Mexico, and other Latin American Countries Bolster the Mining Equipment Sales? Get to Know More with FMI’s Latest Insights!

Latin America Mining Equipment Market by Equipment Types, Mining Type, End-User, Sales Channel & Region | Forecast 2022 to 2032

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Latin America Mining Equipment Market Outlook (2022 to 2032)

The Latin American market for mining equipment will reach US$ 4,839.6 Million in 2032, up at a CAGR of 3.7% between 2022 and 2032. Sales in the market are projected to surpass a valuation of US$ 3,378.8 Million by 2022. Surface mining equipment now accounts for more than 77.5% of the mining equipment market

According to FMI estimates, the global economy will increase by 3.6% in 2023, creating a sizable window of opportunity for the mining industry to thrive across Latin America. Due to increased mining activity and better financial conditions in Latin American countries, the market for mining equipment is anticipated to expand at a steady pace.

Further, demand for mineral production locations is increasing as mineral consumption grows across Peru, Chile, and Argentina. On the back of this, the demand for mining loaders, excavators, trucks, and dozers is surging across the region. Approximately 18.0 billion metric tonnes of minerals were produced worldwide in 2019, claims a World Mining Data report. Additionally, the top 15 mineral-producing nations account for about 80.9% of global mineral production in terms of volume.

The use of mining equipment is anticipated to rise along with demand for a wider variety of affordable goods, as consumers are constantly looking for affordable solutions for their applications. In order to satisfy a range of industry demands, key players in the mining equipment industry are focusing on developing their product portfolios.

Additionally, consumers prefer equipment with longer lifespans since they require less upkeep overall, which boosts profit margins for rental companies and contractors. Backed by these aforementioned factors, the mining equipment market in Latin America is expected to account for 5% to 8% of the global mining equipment market.

According to World Mining Data, Latin America produced 1.02 Tn metric tonnes of minerals in 2019 and the trend is likely to continue over the forecast period. Growing mineral production in Latin America is projected to support the growth in the Latin America mining equipment market.

Moreover, the growing demand for materials such as diamond, uranium, zinc, gold, lead, coal, tin, copper, and nickel is expected to boost the growth of the mining sector and drive the growth in the Latin American mining equipment market over the forecast period.

Attributes	Key Insights
Latin America Mining Equipment Size (2021A)	US$ 3,293.7 Million
Estimated Market Size (2022E)	US$ 3,378.8 Million
Projected Market Value (2032F)	US$ 4,839.6 Million
Value CAGR (2022 to 2032)	3.7%
Collective Value Share: Top 3 Countries (2022)	73.9%

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Demand Analysis of Mining Equipment from 2017 to 2021 Vs Sales Forecast for 2022 to 2032

As per Future Market Insights (FMI), the Latin American mining equipment market grew at a CAGR of 3.3% during the historic period (2017 to 2021). The market is expected to witness steady growth, with sales increasing by nearly 1.5x over the forecast period (2022 to 2032). At mining sites, especially in mineral exploration, and extraction processes, mining equipment must run consistently and dependably in order to support the entire mining operation.

Regional mining equipment sales are anticipated to rise as a result of increased mineral production and rising demand for resources like diamond, uranium, zinc, gold, lead, coal, tin, copper, and nickel. Numerous countries, like Brazil, Mexico, and Chile, are witnessing an increase in industrial production.

Improved manufacturing capabilities and logistics are expected to support the growth of the mining equipment industry in Latin America. Equipment for material handling and lifting solutions are becoming necessary in the mining sector. The expansion of production capacity is having a significant impact on material handling equipment sales. The expansion of these mining sites is anticipated to have a positive impact on the growth of the mining equipment market.

Which are the Factors Bolstering the Sales in Latin America Mining Equipment Market?

Increasing Mining Projects in Latin America to Boost Demand for Mining Equipment

As Latin America's mineral consumption rises, there is a corresponding increase in demand for mining activities. A rise in mineral production is anticipated as a result of several important mining operations being undertaken in several countries around Latin America, including Brazil, Chile, and Peru. The region is home to top-tier surface mines, which raises the demand for cutting-edge equipment. Governments in Latin America are investing in mining operations such as exploration, construction, and maintenance to meet the rising demand for minerals including iron ore, bauxite, copper, and other necessary minerals. Manufacturers are also focusing on unexplored mineral sources and mine locations to boost mining equipment sales throughout the region.

Remote Operating Machines Gaining Traction in Latin America Spurring Mining Equipment Sales

Heavy mobile equipment used in mining production includes excavators, loaders, and mining trucks. Due to the hazardous working conditions at mining sites and the need to protect employees' health, mining equipment operators and rental businesses are looking for remote-operated trucks and dozers. As remote operating centers are located close to the mine or completely offsite and far from the mine, the demand for this equipment is expected to rise over the upcoming decade.

Remote mining operations provide the operator with better visibility and protection from bad weather. Remote control of mining machinery also improves worker safety, lowers operating expenses, and increases output. Due to remote control operations' role in the advancement of dependable and safe communications for surface and underground mines, there is a rising demand for remotely operated mining equipment.

Nikhil Kaitwade

Principal Consultant

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Country-wise Insights

Which Countries Are Driving the Demand in Latin America Mining Equipment Market?

Brazil to be at the Epicenter in the Market for Mining Equipment across Latin America

As per FMI, Brazil is expected to lead the growth in the market for mining equipment, accounting for a significant share in Latin America. Brazil currently has a number of active mining sites, which is increasing the demand for mining trucks and loaders.

Brazil is considered to be one of the top producers of minerals, which is driving up the demand for mining equipment for processes including exploration, drilling, mapping, and extraction. More than one-third of the market share is anticipated to come from the Brazilian market.

Will Peru and Chile Emerge as a Lucrative Market for Mining Equipment?

Sales of Mining Equipment in Peru and Chile to Surge at a Rapid Pace through 2032

FMI estimates, Peru and Chile are projected to witness the fastest growth, collectively, in the mining equipment industry across Latin America. With a wealth of untapped natural resources, Peru and Chile provide a favorable environment for foreign mining businesses. This is anticipated to increase the need for mining equipment in the two countries. During the anticipated period of 2022 to 2032, the demand for mining equipment in Peru and Chile is anticipated to generate an absolute dollar opportunity of about US$ 1,848.4 Million.

Category-wise Insights

Which Type of Mining Will Spur the Sales of Mining Equipment?

Increased Surface Mining to Propel Sales in Rental Service Operations across Latin America

Surface mining, one of the market's most important and rapidly expanding segments, is expected to account for over 77% of the demand share. Due to rising key mineral consumption, demand for mining equipment is anticipated to be significant during the projection period. Growth is anticipated to rise as a result of increasing investments in mining projects and mineral production.

Further, mining equipment operates in physically demanding environments and experiences constant wear and tear. Any decrease in equipment operational reliability or abrupt equipment breakdown can cause large losses for end users and have a cascading impact across the chain, affecting other mining operations.

The operational and total costs of underground mining equipment increase significantly as a result. Due to the high cost of equipment ownership, the mining businesses are focusing on renting and buying mining equipment. During the anticipated period, the rental service operations segment is anticipated to generate an absolute dollar opportunity of US$ 847.2 Million.

Competitive Landscape

Due to the expansion of the region's operational mining sites, the usage of mining equipment has increased across a variety of mining machinery and mobile equipment. Caterpillar Inc., Komatsu Ltd, Hyundai Construction Equipment Co., Ltd., and Volvo Construction Equipment, are dominating the market for mining equipment.

Leading manufacturing companies are partnering with domestic players and introducing secure and advanced service offerings.

For instance:

In Oct 2022, the company announced the introduction of intelligent machine control 2.0 (iMC 2.0), which enhances memory control and processing speed of excavators for mining applications.
In January 2022, Boart Longyear Ltd. launched the new LM Deephole underground drilling rig with increased safety and reliability features for end users.

Mining Equipment Report Scope

Attribute	Details
Estimated Market Size (2022E)	US$ 3,378.8 Million
Projected Market Value (2032F)	US$ 4,839.6 Million
Value CAGR (2022 to 2032)	3.7%
Forecast Period	2022 to 2032
Historical Data Available for	2017 to 2021
Market Analysis	USD Million for Value
Key Regions Covered	Latin America
Key Countries Covered	Brazil, Mexico, Argentina, Chile, Peru, and the Rest of the Latin American Countries
Key Market Segments Covered	Product Type, Technology Type, Sales Channel & End Use
Key Companies Profiled	Caterpillar Inc. Komatsu Ltd. Schmidt, Kranz & Co. Gmbh Liebherr Group Doosan Bobcat Volvo Construction Equipment Sany Heavy Industry Co Ltd. Hitachi Construction Machinery Boart Longyear Ltd Trituración y Molienda S.A. de C.V. Cannon Mining Latam JC Bamford Excavators Ltd. (JCB) Terex Corporation
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 Mining Equipment Market Analysis

Equipment Type:

Mining Loaders
Mining Trucks
Mining Dozers
Mining Excavators and Shovels
Mining Drills
Mining Bolters
Shearers
Continuous Miners
Other Equipment

Mining Type:

Surface Mining
Underground Mining

End User:

Rental Service Operations
Mining Operations

Sales Channel:

New
Used

Frequently Asked Questions

How much is the market for mining equipment in Latin America worth?

Sales of mining equipment in Latin America are currently valued at US$ 3,378.8 Million (2022).

What is the demand outlook for mining equipment in Latin America between 2022 and 2032?

Sales of mining equipment are anticipated to climb between 2022 and 2032 at a CAGR of about 3.7% in terms of value.

Which is the leading end user of mining equipment in Latin America?

The rental service operations segment holds around 67.8% market share and is anticipated to drive the demand for mining equipment in Latin America.

Which sales channel type accounts for the largest share of the Latin America market for mining equipment?

More than 55% of the market share is predominately held by new mining equipment.

Which country is estimated to lead the mining equipment market?

Brazil holds dominance in the Latin America market, which contributes over 34% over the course of the forecast period.

Table of Content

1. Executive Summary | Latin America Mining Equipment Market

1.1. Global 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. Regional Pricing Analysis By Equipment Type

6.2. Global 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. Latin America GDP Growth Outlook

8.1.2. Latin America Industry Value-Added Outlook

8.1.3. Manufacturing Value-Added Overview

8.1.4. Lithium Production By Country Overview

8.1.5. Brazil Mineral Production Overview

8.1.6. Latin America Mineral Production by Key Countries

8.1.7. Latin America Mineral and Fossil Fuel Price Outlook

8.1.8. Latin America Mineral Rents Outlook

8.2. Forecast Factors - Relevance & Impact

8.2.1. Top Companies Historical Growth

8.2.2. GDP Growth forecast

8.2.3. Latin America Urbanization Outlook

8.2.4. Regulatory Impact

8.2.5. Mining Industry Growth

8.2.6. Mining Equipment Technology Development

8.2.7. LA Mining Equipment Rental Outlook

8.2.8. Industrial Performance Outlook

8.3. Value Chain

8.3.1. List of Manufacturers

8.3.2. List of Distributors

8.3.3. End Users

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. Mining Loaders

9.3.2. Mining Trucks

9.3.3. Mining Dozers

9.3.4. Mining Excavators and Shovels

9.3.5. Mining Drills

9.3.6. Mining Bolters

9.3.7. Shearers

9.3.8. Continuous Miners

9.3.9. Other Equipment

9.4. Market Attractiveness Analysis By Equipment Type

10. Market Analysis 2017 to 2021 and Forecast 2022 to 2032, by Mining Type

10.1. Introduction / Key Findings

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

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

10.3.1. Surface Mining

10.3.2. Underground Mining

10.4. Market Attractiveness Analysis By Mining Type

11. Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By End User

11.1. Introduction / Key Findings

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

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

11.3.1. Rental Service Operations

11.3.2. Mining Operators

11.4. Market Attractiveness Analysis By End User

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 Country

13.1. Introduction

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

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

13.3.1. Brazil

13.3.2. Mexico

13.3.3. Argentina

13.3.4. Peru

13.3.5. Chile

13.3.6. Rest of Latin America

13.4. Market Attractiveness Analysis By Country

14. Brazil Mining Equipment Market Analysis 2017 to 2021 and Forecast 2022 to 2032

14.1. Introduction

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

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

14.3.1. By Equipment Type

14.3.2. By Mining Type

14.3.3. By End User

14.3.4. By Sales Channel

14.4. Market Attractiveness Analysis

14.4.1. By Equipment Type

14.4.2. By Mining Type

14.4.3. By End User

14.4.4. By Sales Channel

15. Mexico Mining Equipment 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 Mining Type

15.3.3. By End User

15.3.4. By Sales Channel

15.4. Market Attractiveness Analysis

15.4.1. By Equipment Type

15.4.2. By Mining Type

15.4.3. By End User

15.4.4. By Sales Channel

16. Argentina Mining Equipment 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 Mining Type

16.3.3. By End User

16.3.4. By Sales Channel

16.4. Market Attractiveness Analysis

16.4.1. By Equipment Type

16.4.2. By Mining Type

16.4.3. By End User

16.4.4. By Sales Channel

17. Peru Mining Equipment 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 Mining Type

17.3.3. By End User

17.3.4. By Sales Channel

17.4. Market Attractiveness Analysis

17.4.1. By Equipment Type

17.4.2. By Mining Type

17.4.3. By End User

17.4.4. By Sales Channel

18. Chile Mining Equipment 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 Mining Type

18.3.3. By End User

18.3.4. By Sales Channel

18.4. Market Attractiveness Analysis

18.4.1. By Equipment Type

18.4.2. By Mining Type

18.4.3. By End User

18.4.4. By Sales Channel

19. Rest of the Market Analysis 2017 to 2021 and Forecast from 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 Mining Type

19.3.3. By End User

19.3.4. By Sales Channel

19.4. Market Attractiveness Analysis

19.4.1. By Equipment Type

19.4.2. By End User

19.4.3. By Mining Type

19.4.4. By Sales Channel

20. Market Structure Analysis

20.1. Market Analysis by Tier of Companies (Mining Equipment)

20.2. Market Share Analysis of Top Players

20.3. Market Presence Analysis

21. Competition Analysis

21.1. Competition Dashboard

21.2. Competition Benchmarking

21.3. Competition Deep Dive

21.3.1. Caterpillar Inc.

21.3.1.1. Overview

21.3.1.2. Product Portfolio

21.3.1.3. Profitability by Market Segments (Product/Channel/Region)

21.3.1.4. Sales Footprint

21.3.1.5. Strategy Overview

21.3.2. Komatsu Ltd

21.3.2.1. Overview

21.3.2.2. Product Portfolio

21.3.2.3. Profitability by Market Segments (Product/Channel/Region)

21.3.2.4. Sales Footprint

21.3.2.5. Strategy Overview

21.3.3. Schmidt, Kranz & Co. Gmbh

21.3.3.1. Overview

21.3.3.2. Product Portfolio

21.3.3.3. Profitability by Market Segments (Product/Channel/Region)

21.3.3.4. Sales Footprint

21.3.3.5. Strategy Overview

21.3.4. Liebherr Group

21.3.4.1. Overview

21.3.4.2. Product Portfolio

21.3.4.3. Profitability by Market Segments (Product/Channel/Region)

21.3.4.4. Sales Footprint

21.3.4.5. Strategy Overview

21.3.5. Doosan Bobcat

21.3.5.1. Overview

21.3.5.2. Product Portfolio

21.3.5.3. Profitability by Market Segments (Product/Channel/Region)

21.3.5.4. Sales Footprint

21.3.5.5. Strategy Overview

21.3.6. Volvo Construction Equipment

21.3.6.1. Overview

21.3.6.2. Product Portfolio

21.3.6.3. Profitability by Market Segments (Product/Channel/Region)

21.3.6.4. Sales Footprint

21.3.6.5. Strategy Overview

21.3.7. Sany Heavy Industry Co Ltd.

21.3.7.1. Overview

21.3.7.2. Product Portfolio

21.3.7.3. Profitability by Market Segments (Product/Channel/Region)

21.3.7.4. Sales Footprint

21.3.7.5. Strategy Overview

21.3.8. Hitachi Construction Machinery

21.3.8.1. Overview

21.3.8.2. Product Portfolio

21.3.8.3. Profitability by Market Segments (Product/Channel/Region)

21.3.8.4. Sales Footprint

21.3.8.5. Strategy Overview

21.3.9. Boart Longyear Ltd

21.3.9.1. Overview

21.3.9.2. Product Portfolio

21.3.9.3. Profitability by Market Segments (Product/Channel/Region)

21.3.9.4. Sales Footprint

21.3.9.5. Strategy Overview

21.3.10. Trituración y Molienda S.A. de C.V.

21.3.10.1. Overview

21.3.10.2. Product Portfolio

21.3.10.3. Profitability by Market Segments (Product/Channel/Region)

21.3.10.4. Sales Footprint

21.3.10.5. Strategy Overview

21.3.11. Cannon Mining Latam

21.3.11.1. Overview

21.3.11.2. Product Portfolio

21.3.11.3. Profitability by Market Segments (Product/Channel/Region)

21.3.11.4. Sales Footprint

21.3.11.5. Strategy Overview

21.3.12. JC Bamford Excavators Ltd. (JCB)

21.3.12.1. Overview

21.3.12.2. Product Portfolio

21.3.12.3. Profitability by Market Segments (Product/Channel/Region)

21.3.12.4. Sales Footprint

21.3.12.5. Strategy Overview

21.3.13. Terex Corporation

21.3.13.1. Overview

21.3.13.2. Product Portfolio

21.3.13.3. Profitability by Market Segments (Product/Channel/Region)

21.3.13.4. Sales Footprint

21.3.13.5. Strategy Overview

22. Assumptions and Acronyms Used

23. Research Methodology

List of Tables

Table 01: Market Value (US$ Million) and Volume (Units) Historical Data 2017 to 2021 and Forecast 2022 to 2032 By Equipment Type

Table 02: Market Value (US$ Million) and Volume (Units) Historical Data 2017 to 2021 and Forecast 2022 to 2032 by Mining Type

Table 03: Market Value (US$ Million) and Volume (Units) Historical Data 2017 to 2021 and Forecast 2022 to 2032 by End User

Table 04: Market Value (US$ Million) and Volume (Units) Historical Data 2017 to 2021 and Forecast 2022 to 2032 by Sales Channel

Table 05: Market Value (US$ Million) and Volume ('000 Units) Historical Data 2017 to 2021 and Forecast 2022 to 2032 By Country

Table 06: Brazil Mining Equipment Market Value (US$ Million) and Volume (Units) Historical Data 2017 to 2021 and Forecast 2022 to 2032 By Equipment Type

Table 07: Brazil Mining Equipment Market Value (US$ Million) and Volume (Units) Historical Data 2017 to 2021 and Forecast 2022 to 2032 by Mining Type

Table 08: Brazil Mining Equipment Market Value (US$ Million) and Volume (Units) Historical Data 2017 to 2021 and Forecast 2022 to 2032 by End User

Table 09: Brazil Mining Equipment Market Value (US$ Million) and Volume (Units) Historical Data 2017 to 2021 and Forecast 2022 to 2032 by Sales Channel

Table 10: Mexico Mining Equipment Market Value (US$ Million) and Volume (Units) Historical Data 2017 to 2021 and Forecast 2022 to 2032 By Equipment Type

Table 11: Mexico Mining Equipment Market Value (US$ Million) and Volume (Units) Historical Data 2017 to 2021 and Forecast 2022 to 2032 by Mining Type

Table 12: Mexico Mining Equipment Market Value (US$ Million) and Volume (Units) Historical Data 2017 to 2021 and Forecast 2022 to 2032 by End User

Table 13: Mexico Mining Equipment Market Value (US$ Million) and Volume (Units) Historical Data 2017 to 2021 and Forecast 2022 to 2032 by Sales Channel

Table 14: Argentina Mining Equipment Market Value (US$ Million) and Volume (Units) Historical Data 2017 to 2021 and Forecast 2022 to 2032 By Equipment Type

Table 15: Argentina Mining Equipment Market Value (US$ Million) and Volume (Units) Historical Data 2017 to 2021 and Forecast 2022 to 2032 by Mining Type

Table 16: Argentina Mining Equipment Market Value (US$ Million) and Volume (Units) Historical Data 2017 to 2021 and Forecast 2022 to 2032 by End User

Table 17: Argentina Mining Equipment Market Value (US$ Million) and Volume (Units) Historical Data 2017 to 2021 and Forecast 2022 to 2032 by Sales Channel

Table 18: Peru Mining Equipment Market Value (US$ Million) and Volume (Units) Historical Data 2017 to 2021 and Forecast 2022 to 2032 By Equipment Type

Table 19: Peru Mining Equipment Market Value (US$ Million) and Volume (Units) Historical Data 2017 to 2021 and Forecast 2022 to 2032 by Mining Type

Table 20: Peru Mining Equipment Market Value (US$ Million) and Volume (Units) Historical Data 2017 to 2021 and Forecast 2022 to 2032 by End User

Table 21: Peru Mining Equipment Market Value (US$ Million) and Volume (Units) Historical Data 2017 to 2021 and Forecast 2022 to 2032 by Sales Channel

Table 22: Chile Mining Equipment Market Value (US$ Million) and Volume (Units) Historical Data 2017 to 2021 and Forecast 2022 to 2032 By Equipment Type

Table 23: Chile Mining Equipment Market Value (US$ Million) and Volume (Units) Historical Data 2017 to 2021 and Forecast 2022 to 2032 by Mining Type

Table 24: Chile Mining Equipment Market Value (US$ Million) and Volume (Units) Historical Data 2017 to 2021 and Forecast 2022 to 2032 by End User

Table 25: Chile Mining Equipment Market Value (US$ Million) and Volume (Units) Historical Data 2017 to 2021 and Forecast 2022 to 2032 by Sales Channel

Table 26: Rest of Market Value (US$ Million) and Volume (Units) Historical Data 2017 to 2021 and Forecast 2022 to 2032 By Equipment Type

Table 27: Rest of Market Value (US$ Million) and Volume (Units) Historical Data 2017 to 2021 and Forecast 2022 to 2032 by Mining Type

Table 28: Rest of Market Value (US$ Million) and Volume (Units) Historical Data 2017 to 2021 and Forecast 2022 to 2032 by End User

Table 29: Rest of Market Value (US$ Million) and Volume (Units) Historical Data 2017 to 2021 and Forecast 2022 to 2032 by Sales Channel

Nikhil Kaitwade

Principal Consultant

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Find your sweet spots for generating winning opportunities in this market.

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List of Charts

Figure 01: Latin America Countries Mining Equipment Market Historical Demand, 2017 to 2021

Figure 02: Latin America Countries Mining Equipment Market Demand Forecast, 2022 to 2032

Figure 03: Latin America Countries Mining Equipment Market Historical Value (US$ Million), 2017 to 2021

Figure 04: Latin America Countries Mining Equipment Market Value (US$ Million) Forecast, 2022 to 2032

Figure 05: Latin America Countries Mining Equipment Market Absolute $ Opportunity, 2022 to 2032

Figure 06: Market Share and BPS Analysis by Equipment Type – 2022 & 2032

Figure 07: Market Y-o-Y Growth Projections by Equipment Type, 2021 to 2032

Figure 08: Market Attractiveness by Equipment Type, 2022 to 2032

Figure 09: Market Absolute $ Opportunity 2021 to 2032, by Mining Loaders segment

Figure 10: Market Absolute $ Opportunity 2021 to 2032, by Mining Trucks segment

Figure 11: Market Absolute $ Opportunity 2021 to 2032, by Mining Dozers segment

Figure 12: Market Absolute $ Opportunity 2021 to 2032, by Mining Excavators and Shovels segment

Figure 13: Market Absolute $ Opportunity 2021 to 2032, by Mining Drills segment

Figure 14: Market Absolute $ Opportunity 2021 to 2032, by Mining Bolters segment

Figure 15: Market Absolute $ Opportunity 2021 to 2032, by Shearers segment

Figure 16: Market Absolute $ Opportunity 2021 to 2032, by Continuous Miners segment

Figure 17: Market Absolute $ Opportunity, 2021 to 2032, by Other Equipment segments

Figure 18: Market Share and BPS Analysis by Mining Type– 2022 & 2032

Figure 19: Market Y-o-Y Growth Projections by Mining Type, 2021 to 2032

Figure 20: Market Attractiveness by Mining Type, 2022 to 2032

Figure 21: Market Absolute $ Opportunity 2021 to 2032, by Surface Mining segment

Figure 22: Market Absolute $ Opportunity 2021 to 2032, by Underground Mining segment

Figure 23: Market Share and BPS Analysis by End User – 2022 & 2032

Figure 24: Market Y-o-Y Growth Projections by End User, 2021 to 2032

Figure 25: Market Attractiveness by End User, 2022 to 2032

Figure 26: Market Absolute $ Opportunity 2021 to 2032, by Rental Service Operations segment

Figure 27: Market Absolute $ Opportunity 2021 to 2032, by Mining Operators segment

Figure 28: Market Share and BPS Analysis by Sales Channel– 2022 & 2032

Figure 29: Market Y-o-Y Growth Projections by Sales Channel, 2021 to 2032

Figure 30: Market Attractiveness by Sales Channel, 2022 to 2032

Figure 31: Market Absolute $ Opportunity 2021 to 2032, by New segment

Figure 32: Market Absolute $ Opportunity 2021 to 2032, by Used segment

Figure 33: Market Share and BPS Analysis By Country– 2022 & 2032

Figure 34: Market Y-o-Y Growth Projections By Country, 2021 to 2032

Figure 35: Market Attractiveness By Country, 2022 to 2032

Figure 36: Market Absolute $ Opportunity, 2021 to 2032, by Brazil segment

Figure 37: Market Absolute $ Opportunity, 2021 to 2032, by Mexico segment

Figure 38: Market Absolute $ Opportunity, 2021 to 2032, by Argentina segment

Figure 39: Market Absolute $ Opportunity, 2021 to 2032, by Peru segment

Figure 40: Market Absolute $ Opportunity, 2021 to 2032, by Chile segment

Figure 41: Market Absolute $ Opportunity, 2021 to 2032, by rest of LA segment

Figure 42: Brazil Mining Equipment Market Share and BPS Analysis by Equipment Type – 2022 & 2032

Figure 43: Brazil Mining Equipment Market Y-o-Y Growth Projections by Equipment Type, 2021 to 2032

Figure 44: Brazil Mining Equipment Market Attractiveness by Equipment Type, 2022 to 2032

Figure 45: Brazil Mining Equipment Market Share and BPS Analysis by Mining Type– 2022 & 2032

Figure 46: Brazil Mining Equipment Market Y-o-Y Growth Projections by Mining Type, 2021 to 2032

Figure 47: Brazil Mining Equipment Market Attractiveness by Mining Type, 2022 to 2032

Figure 48: Brazil Mining Equipment Market Share and BPS Analysis by End User – 2022 & 2032

Figure 49: Brazil Mining Equipment Market Y-o-Y Growth Projections by End User, 2021 to 2032

Figure 50: Brazil Mining Equipment Market Attractiveness by End User, 2022 to 2032

Figure 51: Brazil Mining Equipment Market Share and BPS Analysis by Sales Channel– 2022 & 2032

Figure 52: Brazil Mining Equipment Market Y-o-Y Growth Projections by Sales Channel, 2021 to 2032

Figure 53: Brazil Mining Equipment Market Attractiveness by Sales Channel, 2022 to 2032

Figure 54: Mexico Mining Equipment Market Share and BPS Analysis by Equipment Type – 2022 & 2032

Figure 55: Mexico Mining Equipment Market Y-o-Y Growth Projections by Equipment Type, 2021 to 2032

Figure 56: Mexico Mining Equipment Market Attractiveness by Equipment Type, 2022 to 2032

Figure 57: Mexico Mining Equipment Market Share and BPS Analysis by Mining Type– 2022 & 2032

Figure 58: Mexico Mining Equipment Market Y-o-Y Growth Projections by Mining Type, 2021 to 2032

Figure 59: Mexico Mining Equipment Market Attractiveness by Mining Type, 2022 to 2032

Figure 60: Mexico Mining Equipment Market Share and BPS Analysis by End User – 2022 & 2032

Figure 61: Mexico Mining Equipment Market Y-o-Y Growth Projections by End User, 2021 to 2032

Figure 62: Mexico Mining Equipment Market Attractiveness by End User, 2022 to 2032

Figure 63: Mexico Mining Equipment Market Share and BPS Analysis by Sales Channel– 2022 & 2032

Figure 64: Mexico Mining Equipment Market Y-o-Y Growth Projections by Sales Channel, 2021 to 2032

Figure 65: Mexico Mining Equipment Market Attractiveness by Sales Channel, 2022 to 2032

Figure 66: Argentina Mining Equipment Market Share and BPS Analysis by Equipment Type – 2022 & 2032

Figure 67: Argentina Mining Equipment Market Y-o-Y Growth Projections by Equipment Type, 2021 to 2032

Figure 68: Argentina Mining Equipment Market Attractiveness by Equipment Type, 2022 to 2032

Figure 69: Argentina Mining Equipment Market Share and BPS Analysis by Mining Type– 2022 & 2032

Figure 70: Argentina Mining Equipment Market Y-o-Y Growth Projections by Mining Type, 2021 to 2032

Figure 71: Argentina Mining Equipment Market Attractiveness by Mining Type, 2022 to 2032

Figure 72: Argentina Mining Equipment Market Share and BPS Analysis by End User – 2022 & 2032

Figure 73: Argentina Mining Equipment Market Y-o-Y Growth Projections by End User, 2021 to 2032

Figure 74: Argentina Mining Equipment Market Attractiveness by End User, 2022 to 2032

Figure 75: Argentina Mining Equipment Market Share and BPS Analysis by Sales Channel– 2022 & 2032

Figure 76: Argentina Mining Equipment Market Y-o-Y Growth Projections by Sales Channel, 2021 to 2032

Figure 77: Argentina Mining Equipment Market Attractiveness by Sales Channel, 2022 to 2032

Figure 78: Peru Mining Equipment Market Share and BPS Analysis by Equipment Type – 2022 & 2032

Figure 79: Peru Mining Equipment Market Y-o-Y Growth Projections by Equipment Type, 2021 to 2032

Figure 80: Peru Mining Equipment Market Attractiveness by Equipment Type, 2022 to 2032

Figure 81: Peru Mining Equipment Market Share and BPS Analysis by Mining Type– 2022 & 2032

Figure 82: Peru Mining Equipment Market Y-o-Y Growth Projections by Mining Type, 2021 to 2032

Figure 83: Peru Mining Equipment Market Attractiveness by Mining Type, 2022 to 2032

Figure 84: Peru Mining Equipment Market Share and BPS Analysis by End User – 2022 & 2032

Figure 85: Peru Mining Equipment Market Y-o-Y Growth Projections by End User, 2021 to 2032

Figure 86: Peru Mining Equipment Market Attractiveness by End User, 2022 to 2032

Figure 87: Peru Mining Equipment Market Share and BPS Analysis by Sales Channel– 2022 & 2032

Figure 88: Peru Mining Equipment Market Y-o-Y Growth Projections by Sales Channel, 2021 to 2032

Figure 89: Peru Mining Equipment Market Attractiveness by Sales Channel, 2022 to 2032

Figure 90: Chile Mining Equipment Market Share and BPS Analysis by Equipment Type – 2022 & 2032

Figure 91: Chile Mining Equipment Market Y-o-Y Growth Projections by Equipment Type, 2021 to 2032

Figure 92: Chile Mining Equipment Market Attractiveness by Equipment Type, 2022 to 2032

Figure 93: Chile Mining Equipment Market Share and BPS Analysis by Mining Type– 2022 & 2032

Figure 94: Chile Mining Equipment Market Y-o-Y Growth Projections by Mining Type, 2021 to 2032

Figure 95: Chile Mining Equipment Market Attractiveness by Mining Type, 2022 to 2032

Figure 96: Chile Mining Equipment Market Share and BPS Analysis by End User – 2022 & 2032

Figure 97: Chile Mining Equipment Market Y-o-Y Growth Projections by End User, 2021 to 2032

Figure 98: Chile Mining Equipment Market Attractiveness by End User, 2022 to 2032

Figure 99: Chile Mining Equipment Market Share and BPS Analysis by Sales Channel– 2022 & 2032

Figure 100: Chile Mining Equipment Market Y-o-Y Growth Projections by Sales Channel, 2021 to 2032

Figure 101: Chile Mining Equipment Market Attractiveness by Sales Channel, 2022 to 2032

Figure 102: Rest of Market Share and BPS Analysis by Equipment Type – 2022 & 2032

Figure 103: Rest of Market Y-o-Y Growth Projections by Equipment Type, 2021 to 2032

Figure 104: Rest of Market Attractiveness by Equipment Type, 2022 to 2032

Figure 105: Rest of Market Share and BPS Analysis by Mining Type– 2022 & 2032

Figure 106: Rest of Market Y-o-Y Growth Projections by Mining Type, 2021 to 2032

Figure 107: Rest of Market Attractiveness by Mining Type, 2022 to 2032

Figure 108: Rest of Market Share and BPS Analysis by End User – 2022 & 2032

Figure 109: Rest of Market Y-o-Y Growth Projections by End User, 2021 to 2032

Figure 110: Rest of Market Attractiveness by End User, 2022 to 2032

Figure 111: Rest of Market Share and BPS Analysis by Sales Channel– 2022 & 2032

Figure 112: Rest of Market Y-o-Y Growth Projections by Sales Channel, 2021 to 2032

Figure 113: Rest of Market Attractiveness by Sales Channel, 2022 to 2032