LATAM Construction Equipment Market Size & Outlook, 2025-2033

LATAM Construction Equipment Market Highlights

Market Strides analysis indicates that the LATAM Construction Equipment Market size, which was USD 11.02 Billion in 2024, is projected to attain USD 15.50 Billion by 2033.
The market is expected to register a CAGR of 3.89% over the period 2025–2033.
In 2024, Earthmoving emerged as the dominant By Type based on market size.
Road is projected to register the fastest growth, positioning it as the most attractive By Type segment over the forecast horizon.

LATAM Construction Equipment Market Overview

Source: MS Analysis Company Publications, Primary Interviews.

Other Key Findings

In 2024, LATAM accounted for 7.43% of the global Construction Equipment Market size.
By 2033, United States is projected to lead the global market in terms of market size.
Argentina is projected to emerge as the fastest-growing market in LATAM, reaching USD 1063.95 Billion by 2033.

Report Summary

Report Scope	Details
Base Year for Study	2024
Study Period	2021-2033
Historical Period	2021-2023
Forecast Period	2025-2033
Market Size In 2024	USD 11.02 Billion
Market Size In 2033	USD 15.50 Billion
Largest segment	Earthmoving
Units	Revenue in USD Billion
CAGR	3.89% (2025-2033)
Segmnetation Covered
LATAM	Brazil Mexico Argentina Colombia Chile
By Type	Earthmoving Concrete Road
By Application	Building Infrastructure
Report Coverage	Revenue Forecast, Competitive Landscape, Growth Factors, Environment & Regulatory Landscape and Trends

LATAM Construction Equipment Market Country 2025-2033 (USD Billion)

LATAM	2021	2022	2023	2024	2025	2026	2027	2028	2029	2030	2031	2032	2033
Brazil	XX.x	XX.x	XX.x	4.28	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x
Mexico	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x
Argentina	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x
Colombia	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x
Chile	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x
Total	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x

Source: MS Analysis Company Publications, Primary Interviews.

LATAM Construction Equipment Market By Type 2025-2033 (USD Billion)

By Type	2021	2022	2023	2024	2025	2026	2027	2028	2029	2030	2031	2032	2033
Earthmoving	XX.x	XX.x	XX.x	5.32	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x
Concrete	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x
Road	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x
Total	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x

Source: MS Analysis Company Publications, Primary Interviews.

LATAM Construction Equipment Market By Application 2025-2033 (USD Billion)

By Application	2021	2022	2023	2024	2025	2026	2027	2028	2029	2030	2031	2032	2033
Building	XX.x	XX.x	XX.x	6.3	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x
Infrastructure	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x
Total	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x

Source: MS Analysis Company Publications, Primary Interviews.

Author :

Market Strides Research Team

The Market Strides Research Team delivers concise, data-driven insights across Construction & Manufacturing, Energy & Power, and Machinery & Equipment markets. With expertise covering materials, machinery, automation, infrastructure, power systems, renewables, and industrial technologies, the team provides reliable research and clear market intelligence for global businesses and decision-makers.