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Mexico Crawler Excavator Market Sales to Hit 11.04 Thousand Units by 2030 - Caterpillar, Komatsu, Volvo Construction Equipment & Hitachi Construction Machinery are the Major Stakeholders - Arizton
Mexico Crawler Excavator Market Research Report by Arizton
Curious to Know More About the Market? Click: [https://www.arizton.com/market-reports/mexico-crawler-excavator-market-opportunities-assessment-forecast]
Report Scope
Market Size - Volume (2030): 11.04 Thousand Units
Market Size - Volume (2024): 8.66 Thousand Units
CAGR - Volume (2023-2030): 4.12%
Market Size - Revenue (2030): USD 499.7 Million
Historic Year:2021-2023
Base Year: 2024
Forecast Year: 2025-2030
Market Segmentation: Size, Gross Power, and End Users
Mini Excavators Gaining Popularity
In 2024, mini excavators accounted for a 16.7% share of Mexico's crawler excavator market, driven by strong demand in sectors like residential construction, road maintenance, and landscaping. Their compact size and versatility make them ideal for urban infrastructure and transport projects. The segment is expected to reach 1,900 units by 2030. Sales have risen due to increased public infrastructure investment and the machines' ability to operate efficiently in confined urban spaces. Major manufacturers like Bobcat and Komatsu have responded by launching new mini excavator models in the Mexican market.
Recent Developments in the Mexico Crawler Excavator Market
* XCMG Mexico is strengthening investments in constructing digital infrastructure to improve production efficiency and product quality while stepping up to build regional spare parts centers and training bases in Latin America.
* XCMG continues to expand investments in Mexico. XCMG has newly established the Latin America region, and the business in the first half of 2023 has doubled compared to the same period in 2022.
* Mexico is one of the leading manufacturers of electric vehicles in the Latin Americas. Tesla acquired a plot in Santa Catarina, Mexico, to build a gigafactory for manufacturing electric cars in 2023. The construction machinery, including a crawler excavator, is being used to construct this gigafactory in Mexico in 2024.
Mexico City and State of Mexico: Key Drivers of Economic Growth and FDI
In 2024, Mexico City stood out as the country's primary economic engine and top recipient of foreign direct investment (FDI), drawing over $14 billion-approximately 39% of Mexico's total FDI inflows. As the nation's largest contributor to GDP, accounting for 25%, the city thrives on robust industries such as automotive, aerospace, and healthcare. Its dynamic manufacturing, trading, and services sectors continue to attract significant investor interest.
Meanwhile, the State of Mexico emerged as a crucial manufacturing and industrial hub, contributing 7% of the national FDI inflows and 7% to secondary economic activities. The region hosts key clusters in appliances, mining, construction, electricity generation, and gas supply. It also maintains a strong foothold in automotive, aerospace, electronics, food processing, and textiles. Government initiatives, including infrastructure development and special economic zones, are further enhancing the region's investment appeal and industrial growth.
Mexico Crawler Excavator Market Dynamics
Drivers
* Investment in Infrastructure Projects
* Rising Investment in Transport Industry
* Favorable Government Policy Support Mining Industry Growth
Trends
* Rise In Demand for Technologically Advanced Excavators
* Rising Focus on Compact and Electric Construction Equipment
Challenges
* Deprecation Of Local Currency Impacting Imports of Building Materials
* Corruption And Drug Cartels Impacting the Economy
* Political Uncertainty Leads to Decline in Investment
Looking for Customization? Click: [https://www.arizton.com/market-reports/mexico-crawler-excavator-market-opportunities-assessment-forecast]
Prominent Vendors
* Caterpillar
* Komatsu
* Volvo Construction Equipment
* Hitachi Construction Machinery
* SANY
* JCB
* Xuzhou Construction Machinery Group (XCMG)
* Kobelco
* Zoomlion Heavy Industry Science & Technology Co., Ltd.
* Hyundai Construction Equipment
* Kubota
* LiuGong
* Yanmar
* Bobcat
* Case Construction
Distributor Profiles
* Tracsa Cat
* BINH LOI COMPANY LIMITED
* RM Renta Maquinaria
* ADCOMA
Market Segmentation by Crawler Excavator
Size
* Mini Excavator
* Small Excavator
* Medium Excavator
* Large Excavator
Gross Power
* Less Than 60 HP
* 60 HP -100 HP
* 101 HP-200 HP
* Above 200 HP
Market Segmentation by End Users
* Construction
* Mining
* Agriculture
* Forestry
* Others (Power Generation, Utilities Municipal Corporations, Oil & Gas, Cargo Handling, Power Generation Plants, Waste Management)
Key Questions Answered in the Report:
How big is the Mexico crawler excavator market?
What is the growth rate of the Mexico crawler excavator market?
Who are the key players in the Mexico crawler excavator market?
Which are the major distributor companies in the Mexico crawler excavator market?
What are the trends in the Mexico crawler excavator industry?
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About Us:
Arizton Advisory and Intelligence is an innovative and quality-driven firm that offers cutting-edge research solutions to clients worldwide. We excel in providing comprehensive market intelligence reports and advisory and consulting services.
We offer comprehensive market research reports on consumer goods & retail technology, automotive and mobility, smart tech, healthcare, life sciences, industrial machinery, chemicals, materials, I.T. and media, logistics, and packaging. These reports contain detailed industry analysis, market size, share, growth drivers, and trend forecasts.
Arizton comprises a team of exuberant and well-experienced analysts who have mastered generating incisive reports. Our specialist analysts possess exemplary skills in market research. We train our team in advanced research practices, techniques, and ethics to outperform in fabricating impregnable research reports.
Media Contact
Company Name: Arizton Advisory & Intelligence
Contact Person: Jessica
Email:Send Email [https://www.abnewswire.com/email_contact_us.php?pr=mexico-crawler-excavator-market-sales-to-hit-1104-thousand-units-by-2030-caterpillar-komatsu-volvo-construction-equipment-hitachi-construction-machinery-are-the-major-stakeholders-arizton]
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Website: https://www.arizton.com/market-reports/mexico-crawler-excavator-market-opportunities-assessment-forecast
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