TechNavio recognizes the following companies as the key players in the Construction Equipment Market in Brazil: CNH Global N.V., Caterpillar Inc., Volvo AB, Komatsu Ltd., JLG Industries Inc., and J C Bamford Excavators Ltd.
Commenting on the report, an analyst from TechNavio’s Engineering team said: ”Despite the advantages of the effective deployment of construction equipment, the high price of construction equipment hinders its adoption among small and medium-sized enterprises. Therefore, some construction equipment vendors have started offering equipment such as forklifts, backhoes, and wheel loaders on a rental basis. This allows cost-driven organizations in Brazil to opt for the latest technology construction equipment at minimal cost, thereby improving their operational productivity. Therefore, the availability of construction equipment on a rental basis encourages customers to use a wide range of construction equipment.”
According to the report, a mojar driver in this market is that the effective deployment of construction equipment allows organizations to reduce their construction time significantly and also enables them to optimize their operation costs.
Further, the report states that a major challenge in the market is the increasing cost of construction equipment. The prices of construction equipment are increasing due to the rising prices of raw materials.
The report also includes a discussion of the other vendors operating in this market. The other vendors in the market are Sany Group, Randon Construction Corp., Dynapac Compaction Equipment AB, Bobcat Co., Proton Construction Corp., and Liebherr Group.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors. For further information on this report, please visit https://www.technavio.com/content/construction-equipment-market-brazil-20…
TechNavio, the market research platform of Infiniti Research Ltd., publishes periodic market research reports on niche and emerging technologies. For more information on our Engineering market research, please visit https://www.technavio.com/engineering-software
Follow us on Twitter @ Technavio
TechNavio Announces the Publication of its Research Report – Construction Equipment Market in Brazil 2012-2016
