According to research by the Brazilian Association of Building and Mining Technology (SOBRATA), it is expected that the sales of construction machinery in Brazil will decrease by 13% in 2023 compared to 2022. In 2022, a total of 60300 units of equipment were sold, and an estimated 52400 units are expected to be sold in 2023.
On the one hand, the sales of construction machinery and equipment in Brazil reached a historic high in 2022, with a large base; On the other hand, 2023 faces challenges such as rising interest rates, declining infrastructure construction, and reduced investment budgets in the construction industry.
Among the nine categories of 名媛直播 counted by SOBRATA, four models achieved positive sales growth, namely: mining trucks (117%), road rollers (69%), small loaders (15%), and small excavators (2%). The models with a significant decrease in sales are loader (-30%), hydraulic excavator (-41%), and backhoe excavator (-13%). SOBRATA predicts that the sales of other models, including cranes, portable compressors, telescopic forklifts, high-altitude work platforms, and concrete machinery, will be around 7400 units in 2023, a decrease of about 6% compared to 7900 units in 2022.
SOBRATA pointed out that the main market demand in 2023 will come from the leasing and mining industries, especially the leasing industry, and the market share is expected to further increase.
Due to the continued surge in global commodity prices driving investment in the mining, oil, and natural gas industries, as well as government investment in infrastructure and housing, the industry's forecast for Brazil is also optimistic.
Regarding the market trend in 2024, 76% of respondents in the SOBRATA survey believe there will be growth, and it is expected that the sales of earthwork machinery will increase by about 7% and the overall sales of construction machinery will increase by about 6% in 2024.
A comprehensive report on the construction machinery industry in Brazil released by Off Highway Research shows that the Brazilian market achieved stable and strong growth from 2018 to 2022, with a compound annual growth rate (CAGR) of 37.1%. Off Highway Research believes that despite the uncertainty that Brazil may face from the 2026 presidential election, government infrastructure plans, housing plans aimed at supporting low-income families in purchasing homes, and expanding agricultural demand should all help stimulate economic growth.
The future demand is mainly based on Brazilian franchise projects, PAC's Accelerated Growth Plan, and investment from state governments. It is understood that the "PAC" plan invests a total of 1.7 trillion reais ($347.47 billion, 1.4 trillion reais expected to be invested before 2026, and 0.3 trillion reais expected to be invested after 2026) in various states. It is a review of an initiative proposed by Lula during his first presidency, aimed at promoting investment in areas such as energy, logistics, urban and social infrastructure. The planned investment in transportation such as highways, railways, ports, airports, and water resources amounts to Brazilian reals 349 billion.
Brazilian Minister of Ports and Airports Silvio Costa Filho announced on December 18, 2023, the first phase of the Brazilian Air Transport Plan, which will collaborate with the Brazilian Civil Aviation Administration (ANAC) to build 120 modern airports in Brazil by the end of 2026, with an investment of over 6 billion Brazilian reals. Minister Filo expressed the hope that by January 2024, no later than early February, this historic largest investment project can be launched in collaboration with the Federal Audit Office of Brazil (Trial de Contas da Uni ã o).
