Pangkalahatang ideya ng Market

The construction equipment market in Argentina had a valuation of USD 789 million in 2022 at ay projected upang maabot USD 1.26 bilyon sa pamamagitan ng 2028, growing at a CAGR of 8.16%. By 2028, it is expected that 22,814 units of construction equipment will be sold in Argentina. The growth of this market can be attributed to the increased funding from organizations like the Inter-American Development Bank and World Bank for infrastructure projects, including new roads, railways, ports, and utilities. Foreign companies are also investing in the mining sector in Argentina, with examples like the Canadian Lundin Group investing $3 billion in the Josemaría copper, ginto na, and silver mine.

Among the segments of the construction equipment market in Argentina, the material handling equipment market is the largest, followed by earthmoving and road construction equipment. The rise of the manufacturing industry has led to a higher demand for forklifts.

To mitigate the economic crisis caused by the pandemic, the government implemented various measures, including increased health spending, financial support for workers and vulnerable groups, price controls for food and medical supplies, and credit guarantees for bank lending to small and medium-sized enterprises (SMEs) in the food and essential supplies sectors.

Although Argentina’s economy is expected to grow at a slower pace, the country’s second-largest economy in South America is still set to develop. The IMF has projected a GDP growth rate of 2.5% in 2022 at 2% in 2023 for Argentina. The demand for construction equipment is expected to continue growing due to planned investments in the mining and manufacturing sectors as well as ongoing infrastructure projects.

The construction industry is anticipated to have the highest demand for construction equipment during the forecast period, driven by programs such as the National Road Network Plan, National Public Investment Plan, and Recovering The Freight Network By 2030. These long-term plans involve significant investments in the construction sector, including highways, roads, and railway lines.

The construction equipment market in Argentina is undergoing a transformation towards greater innovation, with a shift towards intelligent systems driven by IoT and data analysis for service, networking, and sustainability. Construction equipment rental companies are expected to hold a significant market share, given that the majority of companies in Argentina are micro, small, and medium-sized organizations, and end-users are primarily concerned with the price.

Argentina’s e-commerce sector has experienced growth, fueled by an increase in internet users and the introduction of advanced technologies like the 5G network. E-commerce companies, such as Paypal, are expanding their operations in the country, leading to increased demand for construction equipment. The rise in trade at seaports has also contributed to the demand for forklifts and telescopic handlers.

Investments from other countries, particularly China and Middle Eastern countries, have further supported the growth in demand for construction equipment in Argentina. These investments are primarily directed towards mining, construction, and energy projects.

Gayunpaman, Argentina heavily relies on imports for its construction equipment market instead of manufacturing locally. Inflation and the depreciation of the Argentine Peso against other currencies have resulted in supply chain disruptions and raw material shortages. The high inflation rate in the country is expected to restrict construction equipment imports, which may slow down construction projects and negatively impact the demand for construction equipment.

Automated technology, such as IoT and AI, is gaining traction in the construction equipment market in Argentina. This technology offers several advantages, including fault detection and increased operator safety, production, and efficiency. Leading OEMs in Argentina, such as XCMG, SANY, Caterpillar, and Volvo, are incorporating automation into their processes to gain a competitive edge.

As part of the economic recovery strategy, investment in the construction and mining industries promotes the adoption of advanced technology and construction equipment, ensuring projects are completed efficiently and on time. Emerging construction equipment companies like LiuGong and Hyundai are also expected to follow this trend in Argentina.

Market Segmentation

Ang merkado ay segmented batay sa iba't ibang mga kadahilanan, including type and end user.

Segmentation by Type
Earthmoving Equipment – Excavator, Backhoe Loaders, Motor Graders, Other Earthmoving Equipment (Other loaders, Bulldozers, Trenchers)
Material Handling Equipment – Crane, Forklift & Telescopic Handlers, Aerial Platforms (Articulated Boom Lifts, Telescopic Boom lifts, Scissor lifts)
Road Construction Equipment – Road Rollers, Asphalt Pavers

Segmentation by End Users
Konstruksyon
Manufacturing
Mining
Ang iba naman

The material-handling equipment segment accounted for 55.6% of the overall construction equipment market in Argentina in 2021. It is projected that this segment will experience a compound annual growth rate (CAGR) ng mga 6.45% and reach 13,006 units by 2028. The surge in demand for material handling equipment in Argentina is driven by the strong needs of 3PL (third-party logistics), e-commerce, manufacturing, and general merchandise industries.

In terms of equipment used specifically in the construction industry, it represented 57.9% of the total market share in Argentina in 2021. The utilization of construction equipment in the construction industry is expected to grow at a CAGR of 6.87%, umaabot sa 13,917 units by 2028. Notably, the construction industry in Argentina is set to receive a significant boost from Middle Eastern countries’ investment of $1 billion in infrastructure development. This investment is anticipated to contribute to an estimated 4.5% growth in the construction industry in 2022.

Mapagkumpitensya na Landscape

The construction equipment market in Argentina exhibits consolidation, with XCMG leading the market, followed by SANY Group, Komatsu Group, Caterpillar, and Volvo Construction Equipment. These companies collectively held approximately 45% of the construction equipment market in Argentina in 2021.

Hitachi Construction Machinery has been serving customers in the Argentina region for over 65 years. Gayunpaman, it falls behind SANY in terms of innovation, despite SANY having less than ten years of experience. In early 2022, SANY introduced its first 300-ton electric-drive front shovel, showcasing its commitment to technological advancements.

Import statistics reveal that China was the primary source of imported construction equipment for Argentina in 2021. As a result, Chinese companies such as XCMG and SANY enjoy a significant market share in Argentina.

Tecmaco, Bramaq SRL, Grúas San Blas, Centro Vial SRL, Cowdin SA, and Repas are noted as the key distributors of construction equipment in Argentina.

Mga Mahahalagang Tanong na Nasagot

How large is the construction equipment market in Argentina?

The construction equipment market in Argentina reached a value of USD 789 million in 2022 at ay projected upang maabot USD 1.26 bilyon sa pamamagitan ng 2028, pagpapakita ng isang tambalang taunang rate ng paglago (CAGR) ng mga 8.16%.

What is the projected number of construction equipment units to be sold in Argentina in 2028?

Ayon sa pananaliksik, approximately 22,814 units of construction equipment are expected to be sold in Argentina in 2028.

What is the outlook for rental construction equipment companies in Argentina?

Rental construction equipment companies are expected to play a significant role in the market in Argentina. These rental companies are likely to experience higher demand compared to non-rental enterprises.

Which distributors are key players in the construction equipment market in Argentina?

Tecmaco, Bramaq SRL, Grúas San Blas, Centro Vial SRL, Cowdin SA, and Repas are among the key distributors of construction equipment in Argentina.