The Sale of Construction equipment in Colombia to Reach 10662 Units by 2028. Rising Number of Mining & Road Infrastructure Projects Driving the Demand – Arizton — GlobeNewswire

Chicago, April 28, 2022 (GLOBE NEWSWIRE) — According to the particular lastest research report simply by Arizton, the sale of the particular Colombia Construction Equipment Market will grow at a CAGR of 6. 7% during 2021-2022. Soaring investment in construction & mining projects is prompting the demand for IoT- & AI-equipped equipment

Colombia Building Equipment Marketplace Report Scope

Report Attributes Detail
MARKET SIZE (REVENUE) 552 Million (2028)
MARKET SIZING (VOLUME) 10, 662 Unit Sales (2028)
CAGR (VOLUME) 6. 7% (2028)
TYPE Earth Moving Equipment (Excavator, Backhoe Loader, Motor Grader, and Other Earth Moving Equipment), Material Handling Equipment (Crane, Forklift & Telescopic Handler, Arial Platforms (Articulated Boom Lifts, Telescopic Boom Lifts, Scissor Take you, etc. ) and Street Construction Gear (Asphalt Paver and Road Roller)
END-USER Construction, Manufacturing, Mining, and Others
KEY VENDORS Caterpillar, Volvo Construction Products, Komatsu, SANY, JCB, Liebherr, XCMG, Hitachi, Hyundai

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Key Insights

  • The particular construction industry was adversely impacted within 2020 as major infrastructure projects were halted to curb the COVID-19 outbreak. In Colombia, demand for new construction gear declined by 15 . 2 % in the same year.    
  • In 2021, the earthmoving equipment segment had the largest share. Colombian government investment in facilities development including improving water drainage and renewable energy projects are expected to drive the need for excavators as compared to other earthmoving products over the particular forecast period. The earthmoving equipment section in Colombia is estimated to develop at a CAGR of 7. 28 % simply by 2028 .
  • I ncreasing minerals production & FDI inflow in the mining sector have positive impact on construction equipment sales. Colombia’s mining sector recovered by 15% in 2021 due to a surge within the production of coal, gold, plus nickel in the country . FDI investment within the exploration industry was $2. 7 billion in 2021. The growth in the mining industry due in order to rising FDI investment in the mining sector and increasing manufacturing of gold, nickel, plus copper inside 2022 triggers the requirement for large excavators, backhoe loaders and cranes within the Colombian market.
  • Surge in urban development & maintenance projects activates the need for fuel efficient & flexible equipment . The government’s focus on road maintenance projects, development of the particular municipality plus proper drainage systems prompts the demand for versatile, low servicing , and fuel-efficient tools in the market .
  • The major OEMs within the country are expected to follow the particular recent trends in the demand for construction devices and focus on delivering fuel-efficient and low maintenance apparatus such while backhoe loaders , skid loaders, and mini excavators in the Colombia marketplace .
  • Caterpillar, Komatsu , plus Volvo have the main share in the Colombia construction machines market. Chinese manufacturer such as SANY & XCMG is recently gaining popularity due in order to their low price compared to that of some other manufacturers.

This report will be among the particular few inside the market that offers an outlook and opportunity analysis forecast in terms associated with:

  • Colombia Structure Equipment Market Size & Forecast Volume (Unit sales) 2019-2028
    • Earthmoving. Material handling plus road building
    • Excavators, Backhoe loaders, Cranes, forklifts
    • End Users (construction, mining, manufacturing, and additional industries)
  • Colombia Design Equipment Marketplace Size and Forecast Value (USD) 2019-2028
    • Earthmoving. Material handling and road construction
    • Excavators, Backhoe loaders, Cranes, forklifts
    • End Users (construction, mining, production, and other industries)
  • Major current & upcoming projects & investments
  • Gain competitive intelligence about the economic scenario, advantages in Colombia’s major tasks and investments, dynamics, plus market share.
  • Examples of the latest technologies.
  • Get presentation-ready format and easy-to-interpret data.
  • Enable decision-makers to make informed and profitable choices
  • Gain expert quantitative plus qualitative evaluation on value/volume incremental growth projections
  • Complete supply chain analysis
  • Get COVID-19 impact analysis of the market
  • Vendor capability matrix
  • Company Profile of vendors and distributors

The surge in Urban Development & Maintenance Projects Trigger Need with regard to Fuel-efficient & Flexible Tools

The particular Colombian government is investing in street infrastructure advancement projects within 2022. The increasing expense in road construction causes the demand for low-maintenance flexible equipment in the market. For instance, CASE structure equipment delivered a fleet of gear, which includes road rollers, motor graders, and backhoe loaders inside 2022.

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About Arizton :

Arizton Advisory and Intelligence is a good innovation and quality-driven firm, which offers cutting-edge research solutions to clients across the world. We excel in providing comprehensive market cleverness reports plus advisory and consulting services.

We offer comprehensive marketplace research reports on industries such as consumer goods & retail technology, automotive and mobility, smart tech, healthcare, plus life sciences, industrial machinery, chemicals, and materials, IT and media, logistics plus packaging. These reports contain detailed market analysis, market size, share, growth drivers, and trend forecasts.

Arizton comprises a team associated with exuberant and well-experienced analysts who have mastered in generating incisive reviews. Our specialist analysts possess exemplary skills in marketplace research. All of us train our team in advanced research practices, techniques, plus ethics to outperform inside fabricating impregnable research reports.

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