1. Market Research
  2. > Construction
  3. > Construction Equipment Market Trends
Argentina Construction Equipment Market - Strategic Assessment and Forecast 2022-2028

Argentina Construction Equipment Market - Strategic Assessment and Forecast 2022-2028

  • July 2022
  • 110 pages
  • ID: 6291065
  • Format: PDF
  • Arizton


Table of Contents

Search Inside

Argentina’s construction equipment market is expected to grow at a CAGR of 8.16% during 2022-2028

The Argentina construction equipment market is expected to grow significantly due to increased funds by Inter-American Development Bank and World Bank for new roads, rail, ports, and utilities. Foreign companies are investing in the mining sector in Argentina; for instance, the Canadian Lundin Group invested $3,000 million in its Josemaría copper, gold, and silver mine in San Juan province.

Argentina Economy: Pandemic Repercussions and Recuperation

Argentina’s economy declined for the third year in a row in 2020, this time due to the impact of the COVID-19 outbreak, which severely impacted private consumption, investment, and exports. According to the recent data from the IMF, the country’s GDP rose by 25.6% in 2021, owing to a recovery in investments and private consumption and the exports favored by high commodity prices.

The government implemented increased health spending, financial support for workers and vulnerable groups, price controls for food and medical supplies, and credit guarantees for bank lending to SMEs to produce foods and essential supplies in 2021 to counteract the economic crisis caused by the COVID-19 pandemic.

Argentina’s economy, the second-largest in South America, is likely to continue to develop, though at a slower pace. The IMF has estimated Argentina’s GDP growth by 2.5% in 2022 and 2% in 2023. Due to planned investments in the mining and manufacturing sectors and ongoing infrastructure projects, Argentina’s demand for construction equipment is expected to grow.


• The material handling equipment market was the largest segment in Argentina construction equipment market, followed by earthmoving and road construction equipment. The rise of the manufacturing industry has boosted the demand for forklifts.
• Due to the "National Road Network Plan," "National Public Investment Plan," and "Recovering The Freight Network By 2030" programs, the construction industry is expected to generate the highest demand for construction equipment during the forecast period.
• The construction equipment market in Argentina is shifting to a more innovative industry by switching to intelligent systems driven by IoT and data analysis for service, networking, and sustainability.
• In Argentina, construction equipment rental companies are expected to account for a significant market share. Because 99.8 % of Argentina’s companies are micro, small, and medium-sized organizations, rental companies are predicted to have higher demand than non-rental enterprises because end-users are primarily concerned with price.

Earthmoving Equipment:
• Excavator
• Backhoe Loaders
• Motor Graders
• Other Earthmoving Equipment (Other loaders, Bulldozers, Trenchers)

Road Construction Equipment
• Road Rollers
• Asphalt Pavers

Material Handling Equipment
• Crane
• Forklift & Telescopic Handlers
• Aerial Platforms (Articulated Boom Lifts, Telescopic Boom lifts, Scissor lifts)

End Users
• Construction
• Manufacturing
• Mining
• Others

Multimodal transport infrastructure and regional development spur Argentina’s demand for construction equipment.

Argentina’s "National Road Network Plan" (long-term plan for 2027) is $35 billion worth. This plan includes 2,800 km of new highways, 2,500 km of safe roads, 13,000 km of rehabilitated roads, and 2,000 km of new paving, including 250 new engineering projects. These projects will be Public-Private Partnership (PPP) Projects, in which the government will invest $7.4 billion in the first stage in 2022.

Additionally, to improve the industry competitiveness, the government plans to invest $2.8 billion in 2022 to modernize ports and waterways. Similarly, in 2022, the government will be investing $14.2 billion to improve the rail network by expanding the railway lines.

Under the plan "Recovering The Freight Network By 2030", the government plans to invest $15 billion from 2022 to 2030. These long-term plans to improve the logistics and public transport will add to the Argentina construction equipment market growth.

Growth of the e-commerce sector to push the demand for forklifts & telescopic handlers.

With an average growth of ~1% annually in population and simultaneously introducing advanced technology (such as the 5G Network), Argentina has a considerable number of internet users (~36 million users with a growth rate of 3.5% from 2020 to 2021), which has spurred the expansion of the country’s e-commerce sector.

Furthermore, some e-commerce companies are considering expanding their operations in the country. For instance, Paypal recently invested $750 million in MercadoLibre, an Argentian e-commerce start-up, to help it develop its platform and improve its logistical infrastructure. In addition, MercadoLibre intends to build a new distribution center in Argentina to expand its logistical capacity, which will raise the demand for forklifts. The Argentina forklift market benefits from the rise of Argentina’s e-commerce sector.

Increased trade at seaports is fueling the demand for forklift and telescopic handlers. Forklifts and telescopic handlers are used for loading and unloading and material handling at seaports. Due to the increased cargo flow at the ports, the need for forklifts has increased. Hence, forklifts and telescopic handlers constitute the largest Argentina construction equipment market share.

The national public investment plan attracts investors.

Argentina’s National Public Investment Plan attracts investors from other countries; for instance, Argentina’s government officials and business leaders have attracted Chinese investment and finance into renewables and different types of energy.

These investments are supporting the growth in demand for construction equipment in Argentina. For instance, China’s investment in mining and construction has triggered the need for hydraulic excavators. Additionally, Middle East countries have also invested in construction projects worth $1 billion in Argentina. These investments from other countries also support the demand for all types of construction equipment and boost Argentina’s industrial production over the forecast period.

High inflation rate to make import of construction equipment in Argentina costlier

Argentina’s construction equipment market is dependent on imports rather than manufacturing them in the country. Inflation in Argentina worsened in 2021, due to which Argentine Peso lost its value against the US dollar and led to supply chain disruptions and raw material shortages.

The Argentine Peso’s depreciation against other currencies due to rising inflation makes imports more expensive and adversely impacts the demand for construction equipment. Argentina’s inflation rate was ~51% in 2021, according to the INDEC. The increase in inflation is expected to restrict construction equipment imports, slowing construction projects and, as a result, adversely affecting the demand for construction equipment in Argentina.

The rise in investment across construction and mining projects drives the need for IoT and AI-enabled equipment.

In Argentina, automated technology such as IoT and AI in construction equipment has increased. The system provides operators with several advantages, including detecting and storing faults. Increase the operator’s safety, increase production, and increase efficiency.

Several OEMs in the country, including XCMG, SANY, Caterpillar, and Volvo, are working on automating their processes to get a competitive advantage over their competitors.

As part of the economic recovery strategy, investment in the construction and mining industries encourages the use of the latest technology and construction equipment, allowing projects to be completed on time and efficiently. In the Argentina market, other emerging construction equipment companies such as LiuGong and Hyundai are also expected to follow the same trend.

• The construction equipment market is consolidated, with XCMG the leader, followed by SANY Group, Komatsu Group, Caterpillar, and Volvo Construction Equipment. In 2021, these companies will have nearly ~45% share of the total Argentina construction equipment market.
• Hitachi Construction Machinery has served the customers of the Argentina region for more than 65 years. However, it lags behind SANY in innovations though SANY has less than ten years of experience. In early 2022, SANY introduced its first 300-ton electric-drive front shovel.
• Import statistics indicate that Argentina imported construction equipment primarily from China in 2021. Hence, Chinese companies such as XCMG and SANY have a significant share in the market.
• Tecmaco, Bramaq SRL, Grúas San Blas, Centro Vial SRL, Cowdin SA, Repas are the key distributors in Argentina.

Key Vendors
• Komatsu
• Caterpillar
• Hitachi
• Volvo Construction Equipment
• LiuGong
• Liebherr
• Zoomlion

Other Prominent Vendors
• John Deere
• Hyundai Construction Equipment
• Kobelco
• CNH Industrial

Distributors Profile
• Tecmaco
• Bramaq SRL
• Grúas San Blas
• Centro Vial SRL
• Cowdin SA
• Repas


Get Industry Insights. Simply.

  • Latest reports & slideshows with insights from top research analysts
  • 150+ Million searchable statistics with tables, figures & datasets
  • More than 25,000 trusted sources
  • Single User License — provides access to the report by one individual.
  • Department License — allows you to share the report with up to 5 users
  • Site License — allows the report to be shared amongst all employees in a defined country
  • Corporate License — allows for complete access, globally.

ReportLinker may already be registered as a supplier with your company. If you want to Order by PO, check with us first and we'll let you know if we are a registered supplier and what the vendor number is. Otherwise, we'll provide you with the necessary information to register ReportLinker as a vendor.

Grace helps you find the right report:

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

We were impressed with the support that ReportLinker’s research specialists’ team provided. The report we purchased was useful and provided exactly what we want.

Category Manager at

ReportLinker gave access to reliable and useful data while avoiding dispersing resources and spending too much time on unnecessary research.

Executive Director at
PwC Advisory

The customer service was fast, responsive, and 100% professional in all my dealings (...) If we have more research needs, I'll certainly prioritize working with ReportLinker!

Scott Griffith

Vice President Marketing at
Maurice Sporting Goods

The research specialist provided prompt, helpful instructions for accessing ReportLinker's product. He also followed up to make sure everything went smoothly and to ensure an easy transition to the next stage of my research

Jessica P Huffman

Research Associate at
American Transportation Research Institute

Excellent customer service. Very responsive and fast.

Director, Corporate Strategy at

I reached out to ReportLinker for a detailed market study on the Air Treatment industry. The quality of the report, the research specialist’s willingness to solve my queries exceeded my expectations. I would definitely recommend ReportLinker for in-depth industry information.

Mariana Mendoza

Global Platform Senior Manager at
Whirlpool Corporation

Thanks! I like what you've provided and will certainly come back if I need to do further research works.

Bee Hin Png

CEO at
LDR Pte Ltd

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

  • How we can help
    • I am not sure if the report I am interested in will fulfill my needs. Can you help me?
    • Yes, of course. You can call us at +33(0) 4 37 65 17 03 or drop us an email at [email protected] to let us know more about your requirements.
    • We buy reports often - can ReportLinker get me any benefits?
    • Yes. Set up a call with a Senior Research Advisor to learn more - [email protected] or +33(0) 4 37 65 17 03.
    • I have had negative experiences with market research reports before. How can you avoid this from happening again?
    • We advise all clients to read the TOC and Summary and list your questions so that we can get more insight for you before you make any purchase decision. A research advisor will accompany you so that you can compare samples and reports from different sources, and choose the study that is right for you.

  • Report Delivery
    • How and when I will receive my Report?
    • Most reports are delivered right away in a pdf format, while others are accessed via a secure link and access codes. Do note that sometimes reports are sent within a 12 hour period, depending on the time zones. However, you can contact us to escalate this. Should you need a hard copy, you can check if this option is offered for the particular report, and pay the related fees.
  • Payment conditions
    • What payment methods do you accept?
      1. Credit card : VISA, American Express, Mastercard, or
      2. You can download an invoice to pay by wire transfer, check, or via a Purchase Order from your company, or
      3. You can pay via a Check made out in US Dollars, Euros, or British Pounds for the full amount made payable to ReportLinker
    • What are ReportLinker’s Payment Terms?
    • All payments must normally be submitted within 30 days. However, you can let us know if you need extended time.
    • Are Taxes and duties included?
    • All companies based in France must pay a 20% tax per report. The same applies to all individuals based in the EU. All EU companies must supply their VAT number when purchasing to avoid this charge.
    • I’m not satisfied. Can I be refunded?
    • No. Once your order has been processed and the publisher has received a notification to send you the report, we cannot issue any refund or cancel any order. As these are not ‘traditional’ products that can be returned, reports that are dispatched are considered to be ‘consumed’.
  • User license
    • The license that you should acquire depends on the number of persons that need to access the report. This can range from Single User (only one person will have the right to read or access the report), or Department License (up to 5 persons), to Site License (a group of persons based in the same company location), or Corporate License (the entire company personnel based worldwide). However, as publishers have different terms and conditions, we can look into this for you.
Purchase Reports From Reputable Market Research Publishers


Reportlinker.com © Copyright 2022. All rights reserved.

ReportLinker simplifies how Analysts and Decision Makers get industry data for their business.

Make sure you don’t miss any news and follow us on