Malaysia Construction Equipment Market - Strategic Assessment & Forecast 2022-2028

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THE MALAYSIAN CONSTRUCTION EQUIPMENT MARKET SIZE IS EXPECTED TO REACH USD 1303.5 MILLION BY 2028.

MARKET SIZE (VOLUME): 11,241 UNITS BY 2028

CAGR (VOLUME): 4.95% (2021-2028)

Malaysia Construction Equipment Market Research Report includes segments

  • Earth Moving Equipment: Excavator, Backhoe Loader, Motor Grader, and Other Earth Moving Equipment
  • Material Handling Equipment: Forklift and Telescopic Handler, Crane, and Arial Platforms (Articulated Boom Lifts, Telescopic Boom Lifts, Scissor Lifts, etc.)
  • Road Construction Equipment: Asphalt Paver and Road Roller
  • Application: Construction, Manufacturing, Mining, and Others
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MALAYSIA CONSTRUCTION EQUIPMENT MARKET SCOPE

REPORT ATTRIBUTEDETAILS
MARKET SIZE (REVENUE)USD 1,303.5 Million (2028)
MARKET SIZE (UNIT SHIPMENT)11,241 units (2028)
CAGR (VOLUME)4.95% (2021-2028)
HISTORIC YEAR2019-2020
BASE YEAR2021
FORECAST YEAR2022-2028
TYPEEarth Moving Equipment (Excavator, Backhoe Loader, Motor Grader, and Other Earth Moving Equipment), Material Handling Equipment ( Forklift and Telescopic Handler, Crane, and Arial Platforms (Articulated Boom Lifts, Telescopic Boom Lifts, Scissor Lifts, etc.)), and Road Construction Equipment (Asphalt Paver and Road Roller), and by Application (Construction, Manufacturing, Mining, and Others)
APPLICATIONConstruction, Mining, Manufacturing and Others
KEY VENDORSXuzhou Construction Machinery Group Co., Ltd. (XCMG), Caterpillar, Volvo Construction Equipment, Komatsu, SANY, JCB, Liebherr Group, Hitachi, Zoomlion Heavy Industry Science & Technology Co., Ltd, and Kubota
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MALAYSIA CONSTRUCTION EQUIPMENT MARKET INSIGHTS

  • Malaysian construction equipment market is estimated to reach a volume of 11,241 units by 2028, with a CAGR of 4.95% over the forecast period.
  • The Malaysian government's affordable home scheme is expected to spur the demand for the construction equipment market.
  • Transport infrastructure projects will also boost the demand for construction equipment in Malaysia.
  • Environmental policies and initiatives have increased the usage of excavators and loaders in waste management, driving the ASEAN Construction Machinery Market.
  • Malaysia is an ideal place for investors in the market because of its location, which is in the middle of all Asian countries, and because of friendly foreign investment norms

Malaysia Construction Equipment Market by Volume

MALAYSIA CONSTRUCTION EQUIPMENT MARKET SEGMENTATION

  • The earthmoving equipment market in Malaysia had the largest share due to their extensive use in construction and renewable energy projects such as 50-MW solar projects.
  • Backhoe loaders have a prominent share in the earthmoving segment in Malaysia. Residential construction and redevelopment projects in the region are expected to increase the demand for backhoe loaders during the forecast period.
  • In Malaysia, the construction equipment market by mining is booming. The emergence of remote operation of construction equipment deep down in mines and the advent of 5G technology is expected to support the high demand for construction equipment used in mining.

KEY HIGHLIGHTS IN THE REPORT

  • Major infrastructure projects, such as Light Rail Transit Line 3 (LRT3), Mass Rail Transit Line 3 (MRT3), Johor-Singapore Rapid Transit System (RTS), as well as the Pan Borneo highways in Sabah and Sarawak, are expected to increase the demand for in Malaysia crawler excavator market and other equipment.
  • Leasing construction equipment instead of purchasing has proven to be profitable for all types of companies across Malaysia, thus driving Malaysia Construction EquipmentRental  This has led to robust demand for Malaysia's used construction equipment market.
  • A shift towards green hydrogen fuel-based construction equipment has also been a trend. By 2025, Malaysia aims to be the global supplier of hydrogen fuel which is expected to support the construction of new plants. This will boost the demand for renewable equipment in the country.
  • In 2018, the Malaysian government launched the “Industry4WRD initiative” to support the manufacturing and manufacturing-related services sectors transition into Industry 4.0 successfully. This is going to contribute to industry growth.

VENDOR LANDSCAPE

  • XCMG accounts for the highest revenue in the Malaysia construction equipment market. The company is known for its technological strength.
  • Caterpillar was acquired by Carbon Point Solutions, which provides the technology to concentrate Carbon dioxide for utilization.
  • Volvo has the capability and resources that it can leverage to build a sustainable competitive advantage in the marketplace. For instance, the company launched World’s First Vehicle Using Fossil-Free Steel in October 2021. ­­­

TARGET AUDIENCE

  • Top-level management personnel of existing operators/vendors
  • Potential new entrants to the market
  • Consultants/consultancies/advisory firms
  • Professional landscaping service providers/contractors
  • Corporate and governments bodies

WHY SHOULD YOU BUY THIS REPORT?

This report is among the few in the market that offers outlook and opportunity analysis forecast in terms of:

  • Volume (Unit sales)
    • Type
    • Application
  • Value (USD)     
    • Type
    • Application
  • Gain competitive intelligence about the economic scenario, advantages in Malaysia's major projects and investments, dynamics, and market share.
  • Examples of the latest technologies.
  • Get presentation-ready format and easy-to-interpret data.
  • Enable decision-makers to make informed and profitable choices
  • Gain expert quantitative and qualitative analysis on value/volume growth projections of the Malaysia construction equipment market share
  • Complete supply chain analysis
  • Get COVID-19 impact analysis of the market
  • Company Profile of vendors and distributors

KEY VENDORS

  • Major Vendors: Xuzhou Construction Machinery Group Co., Ltd. (XCMG), Caterpillar, Volvo Construction Equipment, Komatsu, SANY, JCB, Liebherr Group, Hitachi, Zoomlion Heavy Industry Science & Technology Co., Ltd, and Kubota
  • Other Prominent Vendors: John Deere, Manitou, Hyundai Doosan Infracore, Kobelco Construction Machinery, and Sumitomo Heavy Industries ltd
  • Distributor Profiles: FHM Equipment SDN BHD, UMW, Mid Pac Far East, UM Construction Equipment Sdn Bhd, WDG RESOURCES Sdn Bhd, and TCIM

Frequently Asked Questions

What will be the size of the Malaysia construction equipment market by volume in 2028?

The size of the Malaysia construction equipment market by volume in 2028 will be 11,241 units.

What are the new industry trends impacting the growth of the Malaysia construction equipment market?

The shift towards green hydrogen fuel-based construction equipment in the renewable energy sector and environmental policies and initiatives to increase the usage of excavators and loaders in the waste management industry are some trends in the Malaysian construction equipment industry.

What are the market opportunities for new entrants in the Malaysia construction equipment industry?

New technological innovations, remote technologies, smart features, and sustainable products are some opportunities for new entrants in the Malaysian construction equipment industry.

Who are the key players in the Malaysia construction machinery industry?

The key players in Malaysia Construction Machinery industry are Xuzhou Construction Machinery Group Co., Ltd. (XCMG), Caterpillar, Volvo Construction Equipment, Komatsu, SANY, JCB, Liebherr Group, Hitachi, Zoomlion Heavy Industry Science & Technology Co., Ltd, and Kubota.

What are the different types of construction equipment covered in the report?

The different types of construction equipment covered in the report are Earth Moving Equipment (Excavator, Backhoe Loader, Motor Grader, and Other Earth Moving Equipment), Road Construction Equipment (Asphalt Paver and Road Roller), and Material Handling Equipment (Crane, Forklift and Telescopic Handler, Arial Platforms (Articulated Boom Lifts, Telescopic Boom Lifts, Scissor Lifts, etc.)).

Owing to the investments by the Malaysian government in public infrastructure projects (~ USD 850 million), the demand for construction equipment in Malaysia is likely to remain strong over the forecast period. According to the Malaysian government, the construction sector is projected to grow 11.5% in 2022 because of better performance in all subsectors, such as civil engineering, residential buildings, etc., supporting the demand for construction equipment in Malaysia. This will also be responsible for industry growth in the coming years.

Base Year: 2021

Forecast Year: 2022-2028

Scope: The report considers the present scenario of the Malaysia construction equipment market and market dynamics for the forecast period 2022−2028. It covers a detailed overview of several growth enablers, restraints, and trends in the market. The study includes the volume and value sales with a segment analysis of the Malaysian construction equipment market.

KEY VENDORS

  • Xuzhou Construction Machinery Group Co., Ltd. (XCMG)
  • Caterpillar
  • Volvo Construction Equipment
  • Komatsu
  • SANY
  • JCB
  • Liebherr Group
  • Hitachi
  • Zoomlion Heavy Industry Science & Technology Co., Ltd
  • Kubota

OTHER PROMINENT VENDORS

  • John Deere
  • Manitou
  • Hyundai Doosan Infracore
  • Kobelco Construction Machinery
  • Sumitomo Heavy Industries Ltd

Distributor Profiles

  • FHM Equipment SDN BHD
  • UMW
  • Mid Pac Far East
  • UM Construction Equipment Sdn Bhd
  • WDG RESOURCES Sdn Bhd,
  • TCIM

Market Segmentation by Moving Equipment

  • Earth Moving Equipment
    • Excavator
    • Backhoe Loader
    • Motor Grader
    • Other Earth Moving Equipment
  • Material Handling Equipment
    • Crane
    • Forklift and Telescopic Handler
    • Arial Platforms (articulated boom lifts, telescopic boom lifts, scissor lifts, etc)
  • Road Construction Equipment
    • Asphalt Paver
    • Road Roller

Market Segmentation by Application

  • Construction
  • Manufacturing
  • Mining
  • Others

LIST OF EXHIBITS

Graph-1     Malaysia Construction Equipment Market by Volume 2019-2028 (Unit Sales)

Graph-2     Construction Equipment Market in Malaysia by Type, 2021 (% Volume Share)

Graph-3     Malaysia Construction Equipment Market by Volume, 2019-2028 (Unit Sales)

Graph-4     Malaysia Construction Equipment Market by Value, 2019-2028 ($ MN)

Graph-5     Malaysia Construction Equipment Market by End User, 2021 (%)

Graph-6     Malaysia Construction Equipment Market by Type, 2019-2028 (Unit Sales)

Graph-7     Malaysia GDP, 2015-2020 ($ BN)

Graph-8     Major States in Malaysia GDP Growth In 2020 (%)

Graph-9     Foreign Direct Investment, Net Inflow, 2015-2019 ($ BN)

Graph-10   Malaysia Construction Equipment Market by Type, 2019-2028 (Unit Sales)

Graph-11   Malaysia Construction Equipment Market by Type 2021 (% Volume Share)

Graph-12   Malaysia Construction Equipment Market by End User, 2019- 2028 (Unit Sales)

Graph-13   Malaysia Earthmoving Equipment Market, 2019–2028 (Unit Sales)

Graph-14   Malaysia Earthmoving Equipment Market, 2019–2028 ($ MN)

Graph-15   Malaysia Excavator Market, 2019–2028 (Unit Sales)

Graph-16   Malaysia Excavator Equipment Market, 2019–2028 ($ MN)

Graph-17   Malaysia Backhoe Loader Market, 2019–2028 (Unit Sales)

Graph-18   Malaysia Backhoe Loader Equipment Market, 2019–2028 ($ MN)

Graph-19   Malaysia Motor Grader Market, 2019–2028 (Unit Sales)

Graph-20   Malaysia Motor Grader Market, 2019–2028 ($ MN)

Graph-21   Malaysia Other Earthmoving Equipment Market, 2019–2028 (Unit Sales)

Graph-22   Malaysia Other Earthmoving Equipment Market, 2019–2028 ($ MN)

Graph-23   Malaysia Material Handling Equipment Market, 2019–2028 (Unit Sales)

Graph-24   Malaysia Material Handling Equipment Market, 2019–2028 ($ MN)

Graph-25   Malaysia Forklift and Telescopic Handler Market, 2019–2028 (Unit Sales)

Graph-26   Malaysia Forklift and Telescopic Handler Market, 2019–2028 ($ MN)

Graph-27   Malaysia Crane Market, 2019–2028 (Unit Sales)

Graph-28   Malaysia Crane Market, 2019–2028 ($ MN)

Graph-29   Malaysia Aerial Platforms Market, 2019–2028 (Unit Sales)

Graph-30   Malaysia Aerial Platforms Market, 2019–2028 ($ MN)

Graph-31   Malaysia Road Construction Equipment Market, 2019–2028 (Unit Sales)

Graph-32   Malaysia Road Construction Equipment Market, 2019–2028 ($ MN)

Graph-33   Malaysia Road Roller Market, 2019–2028 (Unit Sales)

Graph-34   Malaysia Road Roller Market, 2019–2028 ($ MN)

Graph-35   Malaysia Asphalt Paver Market, 2019–2028 (Unit Sales)

Graph-36   Malaysia Asphalt Paver Market, 2019–2028 ($ MN)

Graph-37   Malaysia Construction Equipment Market by Construction, 2019–2028 (Unit Sales)

Graph-38   Malaysia Construction Equipment Market by Construction, 2019–2028 ($ MN)

Graph-39   Malaysia Construction Equipment Market by Mining, 2019–2028 (Unit Sales)

Graph-40   Malaysia Construction Equipment Market by Mining, 2019–2028 ($ MN)

Graph-41   Malaysia Construction Equipment Market by Manufacturing, 2019–2028 (Unit Sales)

Graph-42   Malaysia Construction Equipment Market by Manufacturing, 2019–2028 ($ MN)

Graph-43   Malaysia Construction Equipment Market by Others, 2019–2028 (Unit Sales)

Graph-44   Malaysia Construction Equipment Market by Others, 2019–2028 ($ MN)

Graph-45   Contribution of Construction Subsectors, Q3-2021 (% Share)

Graph-46   Comparison of Budget Allocation 2020 & 2021 ($ BN)

Graph-47   Development Expenditure 2021 (%)

Graph-48   Import Duty Rate on Construction Equipment (%)

Graph-49   Import Value of Construction Equipment 2019 ($ MN)

Graph-50   Export Value of Construction Equipment 2019 ($ 000’s)

Graph-51   Caterpillar: Total Revenue, 2018-2020 ($ BN)

Graph-52   Caterpillar: Sales by Region (% Share)

Graph-53   Caterpillar: Total Revenue by Segment, 2020 (% Share)

Graph-54   Volvo: Construction Equipment Net Sales, 2016-2020 ($ BN)

Graph-55   Volvo: Share of Net Sales by Market, 2020 (% Share)

Graph-56   Volvo: Share of Net Sales by Segment, 2020 (% Share)

Graph-57   Komatsu: Consolidated Net Sales, 2018-2020 ($ BN)

Graph-58   Komatsu: Construction, Mining And Utility Equipment Business, Sales by Region, 2020 (% Share)

Graph-59   Komatsu: Breakdown of Net Sales By Segment, 2020 (% Share)

Graph-60   Liebherr: Total Revenue, 2018-2020 (% Share)

Graph-61   Liebherr: Turnover by Region (% Share)

Graph-62   Liebherr: Total Revenue by Product Segment, 2020 (% Share)

Graph-63   Hitachi: Revenue, 2020-2021 ($ BN)

Graph-64   Zoomlion: Revenue, 2017-2020 ($ BN)

Graph-65   Kubota: Revenue, 2016-2020 ($ BN)

Graph-66   Kubota: Revenue by Segment, 2020 (% Share)

Graph-67   Kubota: Revenue by Region, 2020 (% Share)

Graph-68   John Deere: Revenue, 2018-2020 ($ MN)

Graph-69   John Deere: Shareholder Value ($ MN)

Graph-70   John Deere: Net Income ($ MN)

 

LIST OF TABLES

 

Table-1     Foreign Investment in Malaysia, January 2021–September 2021

Table-2     Foreign Trade (Goods & Services), Annual % Change In 2021

Table-3     Foreign Trade Value ($ MN), 2020

Table-4     Top 5 Largest Construction Projects Initiated in Malaysia

Table-5     Inflation & Interest Rate (%)

Table-6     Malaysia Construction Equipment Market by Volume 2019-2028

Table-7     Malaysia Construction Equipment by Type 2019-2018

Table-8     Malaysia Earth Moving Equipment Market Size & Forecast, by Type (Volume, Units)

Table-9     Malaysia Material Handling Equipment Market Size & Forecast, by Type (Volume, Units)

Table-10   Malaysia Road Construction Equipment Market Size & Forecast, by Type (Volume, Units)

Table-11   Malaysia Construction Equipment Market Size & Forecast, by End User (Units)

Table-12   Malaysia Construction Equipment Market by Value 2019-2028

Table-13   Malaysia Construction Equipment by Type 2019-2018

Table-14   Malaysia Earth Moving Equipment Market Size & Forecast, by Type (Value, $ MN)

Table-15   Malaysia Material Handling Equipment Market Size & Forecast, by Type (Value, $ MN)

Table-16   Malaysia Road Construction Equipment Market Size & Forecast, by Type (Value, $ MN)

Table-17   Malaysia Construction Equipment Market Size & Forecast, by End User

Section 1 – Introduction

1.1 Market Snapshot

1.2 Executive Summary

 

Section 2 – Market Overview

  • Economic Scenario, Foreign Direct Investment

 

Section 3 – Market Landscape

3.1 Malaysia Construction Equipment Market by Type (Volume & Value)

3.1.1 Earthmoving Equipment

3.1.1.1 Excavator

3.1.1.2 Backhoe Loader

3.1.1.3 Motor Grader

3.1.1.4 Other Earthmoving Equipment (Other Loaders, Bulldozer, Trencher, etc.)

 

3.1.2 Material Handling Equipment

3.1.2.1 Forklift and Telescopic Handler

3.1.2.2 Crane

3.1.2.3 Aerial Platform (Articulated Boom lifts, Telescopic Boom lifts, Scissor Lifts, etc)

 

3.1.3 Road Construction Equipment

3.1.3.1 Road Roller

3.1.3.2 Asphalt Paver

   

3.2 Malaysia Construction Equipment Market by End User (Volume & Value)

3.2.1 Construction

3.2.2 Mining

3.2.3 Manufacturing  

3.2.4 Others (Power Generation, Utilities Municipal Corporations, Oil & Gas, Cargo Handling, Power Generation Plants, Waste Management, etc.)

 

Section 4 – Market Dynamics

  • Market Drivers, Restraints, Trends, Advantage Malaysia, Key Economic Regions, Import/Export Trends, Supply Chain Analysis, COVID-19 Impact

 

Section 5 – Technological Development

  • Advent of New Technology

 

Section 6 – Competitive Landscape

  • Competitive Landscape Overview
  • Major Vendors (XCMG Construction Machinery (M) SDN. BHD., Caterpillar, Volvo Construction Equipment Malaysia SDN. BHD., UMW Komatsu Heavy Equipment SDN. BHD., SANY Heavy Equipment (M) SDN BHD, JCB Construction Equipment, Liebherr Sales Kluang SDN. BHD., Hitachi Construction Machinery (Malaysia) SDN. BHD., Zoomlion Heavy Industry Science & Technology Co., Ltd., Kubota Malaysia SDN. BHD.)
  • Other Prominent Vendors
  • Distributor Profiles

 

Section 7 – Quantitative Summary

  • Quantitative Summary

 

Section 8 – Report Summary

  • Key Insights
  • Abbreviations
  • List of Graphs
  • List of Tables

 

Section 9 – Report Scope & Definition

  • Research Methodology
  • Research Objective
  • Market Definition, Inclusion & Exclusion

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Frequently Asked Questions

What will be the size of the Malaysia construction equipment market by volume in 2028?

The size of the Malaysia construction equipment market by volume in 2028 will be 11,241 units.

What are the new industry trends impacting the growth of the Malaysia construction equipment market?

The shift towards green hydrogen fuel-based construction equipment in the renewable energy sector and environmental policies and initiatives to increase the usage of excavators and loaders in the waste management industry are some trends in the Malaysian construction equipment industry.

What are the market opportunities for new entrants in the Malaysia construction equipment industry?

New technological innovations, remote technologies, smart features, and sustainable products are some opportunities for new entrants in the Malaysian construction equipment industry.

Who are the key players in the Malaysia construction machinery industry?

The key players in Malaysia Construction Machinery industry are Xuzhou Construction Machinery Group Co., Ltd. (XCMG), Caterpillar, Volvo Construction Equipment, Komatsu, SANY, JCB, Liebherr Group, Hitachi, Zoomlion Heavy Industry Science & Technology Co., Ltd, and Kubota.

What are the different types of construction equipment covered in the report?

The different types of construction equipment covered in the report are Earth Moving Equipment (Excavator, Backhoe Loader, Motor Grader, and Other Earth Moving Equipment), Road Construction Equipment (Asphalt Paver and Road Roller), and Material Handling Equipment (Crane, Forklift and Telescopic Handler, Arial Platforms (Articulated Boom Lifts, Telescopic Boom Lifts, Scissor Lifts, etc.)).