- Get in Touch with Us
Last Updated: Apr 25, 2025 | Study Period: 2024-2030
Heavy-duty vehicles expressly built for carrying out construction duties, most often earthwork operations, are referred to as construction equipment. The construction industry's technology is improving. Several producers are focusing on making their machines smarter by implementing proprietary technological solutions that improve operational efficiency.
The effective utilisation of suitable equipment helps to the project's economy, quality, safety, speed, and timeliness. Construction equipment is an essential component of every building construction. This may not be desired or practical therefore for Contractors to possess all of the Construction Vehicles needed for the Project. Excavation, digging significant quantities of soil, moving fairly significant distances, positioning, clamping, levelling, dozing, and grading are the main processes associated in the building of any Construction.
Those same machines have been used to complete functions including such loading or unloading components, pushing equipment and labour into or out of the location, transporting materials through one position to the another, having to feed content into something like a machine for sorting.
These also perform the operation of trying to retrieve components from an equipment for computation, or ability to handle raw materials by transporting them to another location for processing. Most construction businesses are concerned about fuel usage and carbon dioxide emissions since they spend more on gasoline than on maintenance operations. Fuel expenses make for a sizable amount of the equipment's total building costs. Manufacturers of construction machinery recently introduced a number of machines with exceptional fuel economy.
| S No | Overview of Development | Development Detailing | Region of Development | Possible Future Outcomes |
| 1 | Yanmar Compact Equipment adopts Premium Red globally | Martin Technologies (MARTIN) has unveiled its New Electronic Smart Yanmar Compact Equipment has adopted the âPremium Redâ paint colour across all its machines, globally. Premium Red machines were first introduced onto the North American market | Latin America | This would enhance better Technologies and production |
Hitachi Construction Machinery Americas Inc. (HCMA) is kicking off Hitachi Construction Machinery's new chapter in North America and Latin America. The Hitachi brand's construction and mining equipment sales and service support operations were officially taken over by HCMA. The research and manufacturing of new machinery, as well as the promotion of sales and services, will all benefit from the expansion of business in the Americas. Hitachi Construction Machinery Group will establish itself as a true global player.
Doosan Infracore has announced that it will exhibit at Latin CONEXPO, a trade expo for construction equipment held in Santiago, Chile. Doosan Infracore will debut its flagship equipment for the continent, including medium-sized excavators and wheel loaders, as well as compact loaders and micro excavators from Doosan Bobcat. Through the trade fair, the company hopes to raise awareness of its construction equipment brand and locate possible new clients in Latin American markets.
| SI No | Timeline | Company | Developments |
| 1 | 2021 | Telecon | Telecon collaborated with Hitchi to gain business volumes in a construction market like India and other Aisan countries having heterogeneous demand requirement |
| 2 | 2021 | Telecon | Hitachi being a world leader in hydraulic technology have enabled Telecon to create machines, which can operate with high productivity. |
The building industry is predicted to expand as a result of the government's emphasis on strengthening the country's tourism infrastructure. Further, the administration intends to strengthen the tourist sector's sustainable development, with a particular focus on growing the country as a medical and health tourism hub. Despite rising foreign trade tensions, policy unpredictability, and budgetary constraints impacting Latin America's economy, the construction industry will increase throughout the anticipated period.
However, in terms of Gross domestic product or the infrastructures sector, the continent's expansion has not been homogeneous. A restricted set of nations is exceeding marketplaces and can access appropriate private and public capital, which is influenced in part by stable commodities prices. primary extractive sectors, to aid and expedite infrastructure investment, while other higher risk industries with more limited prospects continue to influence upon that nation's aesthetic success.
The industry in terms of increasing performance will be led by the advent of essential success and advancement in many big countries, particularly Brazil and Colombia, as well as the sustained significant growth of other economies, also including Chile and Peru. Even though most commercial activities were halted in order to restrict the disease's transmission, the Spanish government permitted essential infrastructure initiatives to proceed across the nation.
The construction industry, which was energized initially but is recuperating more slowly than others, might benefit if the government follows through on its resurrection strategy, particularly emphasizing prioritising public infrastructure projects. Lifting and material management equipment is used in warehousing and industrial plants to move and transfer products. Roads, motorways, and metros are examples of rapid infrastructure development initiatives.
The Latin America Construction Equipment Market can be segmented into following categories for further analysis.
| SI No | Timeline | Company | Updates |
| 1 | 2019 | Rio Tinto | Autonomous mining vehicles reduce the mining giant's footprint while improving productivity and vehicle utilization. Rio Tinto's autonomous mining fleet reached 200 million tonnes hauled. |
| 2 | 2020 | Komatsu | A full truck fleet can be monitored by a single controller, located thousands of kilometres away, and can be managed 24 hours a day, seven days a week. AI and ML technologies is anticipated to boost the underground mining vehicle market growth. |
| 3 | 2020 | Australian mine | Used 50 AHTs and calculated the productivity benefits of 75 hours per truck per year. It resulted in an extra 1.5 million tons hauled for top-line growth of 50M Euros. |
The construction sector is in the midst of a dynamic period of fast innovation. In many respects, construction equipment manufacturers are beginning to resemble Silicon Valley tech businesses that are making advances in informatics, automated equipment, and low - emission vehicles. This shift is being driven by more strategic partnerships between equipment manufacturers and equipment users. Operators, like drones, control equipment from computerised cockpits to develop mining projects.
5G technological advancements enable remote operation of heavy machinery kilometres underground from a safe above-ground site. Considering it is less unsafe, this removes people out of harmful situations and helps attract new workers. Telematics and the Internet of Things are transforming construction sites for skyscrapers, power plants, mines, and other structures.
Connected equipment provides massive amounts of data that can be utilised to make actionable projections. Recognizing when a machinery will fail allows firms to take it down for repair before it causes a worksite to come to a standstill.The significant difference is that some OEMs are getting all of this data and filtering it for dealers and consumers, only providing them actionable signals. Manufacturers also send sophisticated reporting that has been prepared by a team of specialists.
The machines are in contact with one another and with the home base. It is more efficient and significantly improves safety. Self-driving cars are now a reality. Long before autonomous cars take over commuter highways, they will be successful in construction. Computing technology has enabled the most significant breakthroughs and advances in all sorts of building.They'll be employed in closed areas with restricted pedestrian and machine traffic. Manufacturing goods with decreased friction coefficient is critical to lowering energy usage.
| SI No | Headquarter | Company | Services Offered |
| 1 | South Africa | AARD Mining Equipment (Pty) Ltd | Offers a range of low profile range drills, standard range drills, flameproof drills, and hydraulic drills for underground mining applications. |
| 2 | Sweden | Atlas Copco AB | Offers products through the following business units: Compressor Technique, Vacuum Technique, Industrial Technique, and Power Technique. The company offers a range of underground load haul dumpers (LHD) and mine trucks such as Electric Minetruck EMT35, and Electric Minetruck EMT50. |
| 3 | USA | Boart Longyear Ltd | Operates under various business segments, namely Global Drilling Services and Global Products. The company offers a range of underground rock drills and underground top hammer tools such as S36 Rock Drill, StopeMaster Production Drill, and more. |
| 4 | USA | Caterpillar Inc. | The company offers a range of underground mining equipment such as underground mining trucks, underground mining load-haul-dump loaders,etc. |
| 5 | China | Guizhou Sinodrills Equipment Co. Ltd. | Top-hammer drilling, Down the hole drilling, and Self-drilling anchors. The company offers a range of underground mining equipment such as down-the-hole (DTH) Hammers, DTH Bits,etc. |
Also with emergence of several worldwide competitors, the necessity for differentiation strategy has resulted in technological advancements such as automated haulage systems (AHS), telematics, and so on. The integration of IOT with construction equipment to identify unplanned maintenance and repairs is gaining industry traction. In terms of end-users, the construction sector is expected to produce the most demand for construction equipment and to continue to dominate the industry.
It is expected to generate significant revenues over the next two decades, owing to the exponential expansion of the real estate industry, which is supported by substantial urbanisation in both developing and developed markets around the area. Volvo Construction Equipment has been part of the market for better focused technology of integration with new integrations of enhanced productivity within the Latin America Market.
The P7920 ABG is propelled by a CEV Stage IV compliance Volvo powertrain and incorporates cutting-edge technology to provide the best paving performance in 10-meter applications. The strong design and ease of quality and reliability maximise uptime, and both the paver and screed are simple to set up. The easy-to-use P7920 ABG has controls that are very intuitive and uncomplicated, allowing operators to get optimal outcomes quickly and effortlessly.
Innovations like the EPM3 operational interface, a low-noise atmosphere, and excellent vision allow for a safe and productive operator performance shift after shift. The adaptive ECO Mode and optimum RPM lower excessive noise by adjusting the engine power to the customer requirements, benefiting both the laying workforce and the neighbouring population. This provides a nice working atmosphere.
Liebherr is a focused developer and stringent complaint market operator for better technological implementation and enhanced operability. The TA 230 Litronic was designed for tough off-road usage. This revolutionary Liebherr dump truck can handle any terrain thanks to its efficient motor, permanent 6 x 6 all-wheel drive, dependable stability control, and robust axle mounting.
This implies it can provide extraordinarily rapid cycle times on a huge building site, in a quarry, or in a tunnel. The electro-hydraulic bonnet opening and inbuilt non-slip accessibility stairs give secure, unhindered access to the whole engine bay. The servicing locations are easily visible and accessible. From either a standing location, all regular maintenance may be done conveniently and safely. The TA 230's revolutionary weighing mechanism allows the payload to be reported instantaneously.
| Sl no | Topic |
| 1 | Market Segmentation |
| 2 | Scope of the report |
| 3 | Abbreviations |
| 4 | Research Methodology |
| 5 | Executive Summary |
| 6 | Introduction |
| 7 | Insights from Industry stakeholders |
| 8 | Cost breakdown of Product by sub-components and average profit margin |
| 9 | Disruptive innovation in theIndustry |
| 10 | Technology trends in the Industry |
| 11 | Consumer trends in the industry |
| 12 | Recent Production Milestones |
| 13 | Component Manufacturing in US, EU and China |
| 14 | COVID-19 impact on overall market |
| 15 | COVID-19 impact on Production of components |
| 16 | COVID-19 impact on Point of sale |
| 17 | Market Segmentation, Dynamics and Forecast by Geography, 2022-2027 |
| 18 | Market Segmentation, Dynamics and Forecast by Product Type, 2022-2027 |
| 19 | Market Segmentation, Dynamics and Forecast by Application, 2022-2027 |
| 20 | Market Segmentation, Dynamics and Forecast by End use, 2022-2027 |
| 21 | Product installation rate by OEM, 2022 |
| 22 | Incline/Decline in Average B-2-B selling price in past 5 years |
| 23 | Competition from substitute products |
| 24 | Gross margin and average profitability of suppliers |
| 25 | New product development in past 12 months |
| 26 | M&A in past 12 months |
| 27 | Growth strategy of leading players |
| 28 | Market share of vendors, 2022 |
| 29 | Company Profiles |
| 30 | Unmet needs and opportunity for new suppliers |
| 31 | Conclusion |
| 32 | Appendix |
© 2017-2025 Mobility Foresights Pvt Ltd. All rights reserved.