According to Arizton’s latest research report, the Argentina construction equipment market is growing at a CAGR of 3.04% during 2023-2029.
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Report Scope:
Market Size – Volume (2029): 24.1 Thousand Units
Market Size – Volume (2023): 20.1 Thousand Units
CAGR – Volume (2023-2029): 3.04%
Market Size – Revenue (2029): USD 954 Million
Historic Year: 2020-2022
Base Year: 2023
Forecast Year: 2024-2029
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Excavators Lead Earthmoving Equipment Market in Argentina, Boosted by Mining Investments and Technological Advances
Excavators dominate the earthmoving equipment segment in Argentina, driven by rising prices for agricultural and mineral commodities. This surge in demand is further supported by significant investments in the mining sector, such as the Canadian Lundin Group's $3 billion investment in its Josemaría copper, gold, and silver mines.
The market is set for substantial growth, bolstered by advancements in technology, including integrated hydraulic and electronic control systems that enhance equipment efficiency and reduce energy consumption. Additionally, the Argentine government's increased investment in public infrastructure and transportation projects across the country is expected to contribute to robust growth in the earthmoving equipment sector through 2029.
Rising Mining Projects in Argentina Drive Demand for Fuel-Efficient and Flexible Construction Equipment
Argentina is witnessing a surge in mining projects due to increased global demand for commodities such as gold, coal, silver, and lithium. However, these developments have sparked significant environmental protests across various regions. In response, the Argentine government is focusing on environmental sustainability, aiming for net-zero emissions by 2050 and the elimination of net deforestation by 2030.
To align with these sustainability goals, the mining industry is increasingly turning to fuel-efficient and flexible construction equipment. Advances in data analytics, connectivity, and IoT technologies are helping companies enhance equipment efficiency and reduce fuel consumption. As Argentina primarily imports construction equipment from Chinese manufacturers like XCMG and SANY, known for their emphasis on fuel efficiency, this trend is expected to grow significantly in the coming years.
Argentina Construction Equipment Market Dynamics
Drivers
- Investment Under National Public Infrastructure Plan
- Surge In Lithium & Copper Extraction Projects in Argentina
- Multi-Modal Transport Infrastructure & Regional Development Supports Demand for Construction Equipment
Trends
- Increased Mining Projects Necessitate Application of Fuel-Efficient & Flexible Equipment
- High Investments in Construction and Mining Projects Prompting IoT & AI-enabled Equipment
- Growing Demand for Mid-Sized Wheeled Loaders
Challenges
- Environmental Protests Hinder the Demand for Construction Equipment in Argentina
- Rise in Construction Costs Hampered the Sales of Construction Equipment
- Growing Demand for Rental & Used Equipment Hampered the Sales of New Equipment
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Key Vendors
- Caterpillar
- Komatsu
- Liebherr
- Xuzhou Construction Machinery Group Co. Ltd. (XCMG)
- Volvo Construction Equipment
- Hitachi Construction Machinery
- Zoomlion Heavy Industry Science&Technology Co., Ltd.
- JCB
- SANY
- HD Hyundai Construction Equipment
- Kobelco
- LiuGong
- John Deere
- Yanmar
- CNH Industrial
- Toyota Material Handling
- Bobcat
- Wacker Neuson
- Tadano
- SAKAI HEAVY INDUSTRIES,LTD
- Shantui Construction Machinery Co., Ltd.
- Bomag
- AMMANN
- Sunward Intelligent Equipment Group
- Hangcha
- Romanelli
- AIMIX Group
Distributor Profiles
- Gruas San Blas
- Tecmaco Integral SA
- BRAMAQ
- Centro Viral
- COWDIN
- REPAS SA
- ZMG Argentina
- IGARRETA MAQUINAS
Market Segmentation
Type
- Earthmoving Equipment
- Excavator
- Backhoe Loaders
- Wheeled Loaders
- Other Earthmoving Equipment (Other loaders, Bulldozers, Trenchers, Motor Graders)
- Road Construction Equipment
- Road Rollers
- Asphalt Pavers
- Material Handling Equipment
- Crane
- Forklift & Telescopic Handlers
- Aerial Platforms (Articulated Boom Lifts, Telescopic Boom lifts, Scissor lifts)
- Other Construction Equipment
- Dumper
- Tipper
- Concrete Mixer
- Concrete Pump Truck
End Users
- Construction
- Mining
- Manufacturing
- Others (Power Generation, Utilities Municipal Corporations, Oil & Gas, Cargo Handling, Power Generation Plants, Waste Management)
Key Questions Answered in the Report:
How big is the Argentina construction equipment market?
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What are the trends in the Argentina construction equipment market?
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