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.
Brazil Construction Equipment Market Leaders
Caterpillar Inc.
Liebherr Group
J C Bamford Excavators Ltd
Komatsu Ltd.
AB Volvo
*Disclaimer: Major Players sorted in no particular order
