CHICAGO, April 30, 2024 /PRNewswire/ -- According to Arizton's latest research report, Brazil construction equipment market is growing at a CAGR of 3.64% during 2023-2029.
To Know More, Click: https://www.arizton.com/market-reports/brazil-construction-equipment-market
Brazil Construction Equipment Market Report Scope
Report Attributes | Details |
Market Size (2029) | 55,821 Units |
Market Size (2023) | 45,042 Units |
CAGR (2023-2029) | 3.64 % |
Market Size- Revenue (2029) | USD 2.4 Billion |
Historic Year | 2020-2022 |
Base Year | 2023 |
Forecast Year | 2024-2029 |
Brazil is the largest market in Latin America. The country accounted for 40% of overall construction equipment sales in the region in 2023. Brazil is the center of construction equipment manufacturing in the continent. All major construction equipment OEMs have a manufacturing center in the Sao Paulo region of the country. Vendors are signing exclusive partnerships with end-users to gain market share and maintain their leading position.
Market Trends
Rising Demand for Electric Forklift in Brazil
The demand for electric equipment is rising in the region. The Brazilian government invested in various port expansion projects in 2023. BYD has been operating in South American markets such as Brazil, Mexico, and Chile, offering green transportation solutions to support the region's transition to a low-carbon transportation sector. In 2023, Brazil implemented policies to promote the development of new energy vehicles. The government aims to have 600,000 electric vehicles on the roads by 2030. With the growing demand for new vehicle energy in the Brazilian market, BYD has a significant opportunity to expand its presence. With the rise in demand for electric forklifts in the region, other OEMs are expected to follow similar trends in manufacturing electric forklifts that can be used for cargo handling purposes. The redevelopment projects on ports in the region will positively impact the demand.
Rise in Mining Activities Drive the Brazil Construction Equipment Market
Brazil Construction Equipment Market Dynamics
Drivers
Trends
Challenges
Buy this Research @ https://www.arizton.com/market-reports/brazil-construction-equipment-market
Post-Purchase Benefit??????????????????????
Key Vendors
Other Prominent Vendors
Distributors Profiles
Market Segmentation
Type
Key Questions Answered in the Report:
How big is the Brazil construction equipment market?
What is the growth rate of the Brazil construction equipment market?
Who are the key players in the Brazil construction equipment market?
What are the trends in the Brazilian construction equipment industry?
Which are the major distributor companies in the Brazil construction equipment market?
Get the Detailed TOC @ https://www.arizton.com/market-reports/brazil-construction-equipment-market
Check Out Some of the Top Selling Research Reports:??????
Brazil Crawler Excavator Market - Strategic Assessment & Forecast 2021-2027
Mexico Construction Equipment Market - Strategic Assessment & Forecast 2022 -2028
Latin America Construction Equipment Market - Strategic Assessment & Forecast 2024-2029
U.S. Construction Equipment Rental Market - Strategic Assessment & Forecast 2023-2029
Why Arizton????????????????
100%?Customer Satisfaction???????????????
24x7?availability ? we are always there when you need us???????????????
200+?Fortune 500 Companies trust Arizton's report???????????????
80%?of our reports are exclusive and first in the industry???????????????
100%?more data and analysis???????????????
1500+?reports published till date????????????????
About Us:????????????????????????????????????????????????????
Arizton Advisory and Intelligence is an innovative and quality-driven firm that offers cutting-edge research solutions to clients worldwide. We excel in providing comprehensive market intelligence reports and advisory and consulting services.??????????????????????????????????????????????????
We offer comprehensive market research reports on consumer goods & retail technology, automotive and mobility, smart tech, healthcare, life sciences, industrial machinery, chemicals, materials, I.T. and media, logistics, and packaging. These reports contain detailed industry analysis, market size, share, growth drivers, and trend forecasts.???????????????????????????????????????????????????
Arizton comprises a team of exuberant and well-experienced analysts who have mastered generating incisive reports. Our specialist analysts possess exemplary skills in market research. We train our team in advanced research practices, techniques, and ethics to outperform in fabricating impregnable research reports.?????????????????????????????????????????????????????????
Contact Us?????????????????????????????????????????????????
Call: +1-312-235-2040????????????????????????????????????????????????
????????? +1 302 469 0707???????????????????????????????????????????????
Mail:?[email protected]?????????????????????????????????????????????????
Contact Us:?https://www.arizton.com/contact-us?????????????????????????????????????????????????
Blog:?https://www.arizton.com/blog?????????????????????????????????????????????????
Website:?https://www.arizton.com/
Photo: https://mma.prnewswire.com/media/2401396/Brazil_Construction_Equipment_Market.jpg
Logo: https://mma.prnewswire.com/media/818553/Arizton_Logo.jpg
These press releases may also interest you
|