Brazil's Escalating Infrastructure and Mining Initiatives Propel Construction Equipment Market Growth, with CAGR of 3.6% During 2023-2029 [Yahoo! Finance]
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Source: Yahoo! Finance
The Brazil construction equipment market size by volume is expected to grow from 45,042 Units in 2023, to reach 55,821 Units in 2029, at a CAGR of 3.64%. Caterpillar, Komatsu, Liebherr, XCMG, Volvo Construction Equipment, and Hitachi Construction Machinery are market leaders in Brazilian construction equipment. These companies have substantial market share and offer diverse equipment. Manitou Group, Merlo, Liu Gong, Yanmar, and CNH Industrials are niche players in the Brazilian construction equipment market. These companies offer limited product diversification and have a strong presence in the region's local market. Rising Government Investment in Public Infrastructure, Mining & Renewable energy sectors Brazil is one of the leading producers of precious metals such as iron ore, gold, aluminum, and nickel. The demand for these metals is growing globally, supporting investment in mining projects nationwide. Nickel and copper extraction projects are rising in the region due to
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