Latin America Construction Equipment Rental Market Size & Outlook
Latin America construction equipment rental market, 2018-2030 (US$M)
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Latin America construction equipment rental market highlights
- The Latin America construction equipment rental market generated a revenue of USD 5,480.7 million in 2023.
- The market is expected to grow at a CAGR of 4.7% from 2024 to 2030.
- In terms of segment, earth moving machinery was the largest revenue generating product in 2023.
- Material Handling Machinery is the most lucrative product segment registering the fastest growth during the forecast period.
- Country-wise, Brazil is expected to register the highest CAGR from 2024 to 2030.
Latin America data book summary
| Market revenue in 2023 | USD 5,480.7 million |
| Market revenue in 2030 | USD 7,579.1 million |
| Growth rate | 4.7% (CAGR from 2023 to 2030) |
| Largest segment | Earth moving machinery |
| Fastest growing segment | Material Handling Machinery |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Earth Moving Machinery, Material Handling Machinery, Concrete & Road Construction Machinery |
| Key market players worldwide | Caterpillar Inc, Finning International Inc, Liebherr Group, Kanamoto Co Ltd, United Rentals Inc |
Other key industry trends
- In terms of revenue, Latin America region accounted for 2.8% of the global construction equipment rental market in 2023.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 151,487.8 million by 2030.
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Construction Equipment Rental Market Scope
Construction Equipment Rental Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Latin America construction equipment rental market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to construction equipment rental market will help companies and investors design strategic landscapes.
Earth moving machinery was the largest segment with a revenue share of 58.71% in 2023. Horizon Databook has segmented the Latin America construction equipment rental market based on earth moving machinery, material handling machinery, concrete & road construction machinery covering the revenue growth of each sub-segment from 2018 to 2030.
Numerous projects are underway in the Latin American region, which is influencing the market demand. Key Projects such as the construction of two nuclear reactors in Argentina, Extremely Large Telescope (ETL) in Chile, Panama Canal expansion project, and 32 road toll project in Columbia provide high growth potential for the construction equipment rental providers.
The local rental companies face tough competition from North American and European market players. Furthermore, increasing investments in Brazil construction sector is driving the demand for rental equipment in the country.
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Target buyers of Latin America construction equipment rental market databook
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Our clientele includes a mix of construction equipment rental market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of continent-level data and insights on the Latin America construction equipment rental market , including forecasts for subscribers. This continent databook contains high-level insights into Latin America construction equipment rental market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Latin America construction equipment rental market size, by country, 2018-2030 (US$M)
Latin America Construction Equipment Rental Market Outlook Share, 2023 & 2030 (US$M)
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