Mexico Crawler Excavator Market Forecast Report 2025-2030, with Profiles of Caterpillar, Komatsu, Volvo Construction Equipment, Hitachi Construction Machinery, SANY, JCB, XCMG, Kobelco and more - ResearchAndMarkets.com

DUBLIN--(BUSINESS WIRE)--The "Mexico Crawler Excavator Market - Strategic Assessment & Forecast 2025-2030" report has been added to ResearchAndMarkets.com's offering.

The Mexican Crawler Excavator Market was sized at 8,669 Units in 2024, and is projected to reach 11,044 Units by 2030, rising at a CAGR of 4.12%.

Caterpillar, Komatsu, Volvo CE, Kobelco, XCMG, and Hitachi Construction Equipment are the front runners in the Mexican crawler excavator market. These companies have a strong market share and offer diverse sets of excavators in the Mexico crawler excavator market.

LiuGong, Yanmar, and Case Construction are niche players in Mexico's crawler excavator market. These companies offer low product diversification and have a strong presence in the country's market.

JCB, Kubota, SANY, and HD Hyundai Construction are emerging in the Mexican crawler excavator market. These companies are introducing new technologically advanced products to challenge the market share of market leaders in the country's market.

Zoomlion and Bobcat have low product diversification, these companies are lagging in adopting new technologies used in crawler excavators in Mexico's crawler excavator 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.

KEY HIGHLIGHTS

• Medium-size excavators accounted for the largest market share in the Mexico crawler excavator market in 2024 due to a surge in investment in public infrastructure projects.
• 60 HP- 100 HP range crawler excavators accounted for the largest share in 2024. Significant investment in the country's infrastructure sector is driving the growth of several excavators in the Mexico crawler excavator market.
• Small crawler excavators are also gaining good market share due to their extensive uses in renovation projects across the country. Several small excavators are presently operating in Mexico City.
• The crawler excavator utilization in the construction industry is nearly over 60% in the Mexico crawler excavator market.
• 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.

Market Trends and Drivers

• The demand for advanced, multifunctional excavators with low emission standards is rising.
• Technological advancements like AI, drones, and IoT are increasingly integrated into excavators for increased efficiency.
• Sustainable and electrified solutions are redefining the construction industry; there's a growing shift to electric construction equipment.
• Infrastructure investment projects are on the rise, aimed at developing roads, ports, and telecommunication sectors.
• Investment in public transport, including a $7 billion railway expansion, is anticipated to support market growth.

Industry Restraints

• High construction costs and geopolitical tensions with the U.S. could impact market dynamics in 2025.
• The depreciation of the Mexican Pesos increases the cost of imports, affecting the price of building materials.

VENDOR LANDSCAPE

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

Other Prominent Vendors

• Kubota
• LiuGong
• Yanmar
• Bobcat
• Case Construction

Distributor Profiles

• Tracsa Cat
• BINH LOI COMPANY LIMITED
• RM Renta Maquinaria
• ADCOMA

Key Attributes:

Report Attribute	Details
No. of Pages	144
Forecast Period	2024 - 2030
Estimated Market Value in 2024	8669 Units
Forecasted Market Value by 2030	11044 Units
Compound Annual Growth Rate	4.1%
Regions Covered	Mexico

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

Segmentation by End Users

• Construction
• Mining
• Agriculture
• Forestry
• Others
  • Power Generation
  • Utilities Municipal Corporations
  • Oil & Gas
  • Cargo Handling
  • Power Generation Plants
  • Waste Management

For more information about this report visit https://www.researchandmarkets.com/r/6l8cgq

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