THE MALAYSIA CRAWLER EXCAVATOR MARKET SIZE WILL BE VALUED AT USD 269.6 MILLION AND TO REACH VOLUME OF 2768 UNITS BY 2027, GROWING AT A COMPOUND ANNUAL GROWTH RATE (CAGR) OF 7.84% BY VOLUME DURING 2021-2027

The Malaysia Crawler Excavator Market Research Report includes by Excavator Type and Operating Weight (Mini (Less than 6 tons), Small (7-25 tons), Medium (26-40 tons), and Large (above 40 tons)), Application (Construction, Mining, Agriculture, Forestry, and Others), and Gross Power (<60 HP, 61-101 HP, 102-200 HP, and >201 HP)

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Most Exhaustive Report

74 Pages

4 Tables

50 Charts

1 Regions

1 Countries

14 Companies

3 Market Segment

MALAYSIA CRAWLER EXCAVATOR MARKET REPORT SCOPE

Report Attribute Details
MARKET SIZE (VALUE) USD 269.6 MILLION (2027)
MARKET SIZE (VOLUME) 2768 UNITS (2027)
CAGR 7.84% (2021-2027)
Base Year 2020
Historic Year 2018-2019
Forecast Year 2021-2027
EXCAVATOR TYPE AND OPERATING WEIGHT Mini (Less than 6 tons), Small (7-25 tons), Medium (26-40 tons) and Large (above 40 tons)
APPLICATION Construction, Mining, Agriculture, Forestry, and Others
GROSS POWER <60 HP, 61-101 HP, 102-200 HP, and >201 HP
KEY VENDORS Caterpillar, Komatsu, Hitachi, Hyundai construction Equipment, Sany, Volvo Construction Equipment, Doosan, Kobelco, and JCB

MALAYSIA CRAWLER EXCAVATOR MARKET INSIGHTS

  • The government is focusing on the improvement of infrastructure by increasing fund allocation and approving various projects. This, in turn, will increase the sale of construction equipment in the Malaysian crawler excavator market.
  • Mini excavators are being used for waste management due to their portable and compact size in Malaysia.
  • Excavators used in the construction industry accounted for the largest market share of 50.4%, pertaining to significant government expenditure on construction projects.
  • Medium Excavators accounted for the largest market share of around 34.7% because of their growing popularity across the country.
  • Hyundai Construction Equipment jointly developed South Korea’s first AI-based equipment failure diagnosis technology and Amazon Web Services (AWS) in the heavy machinery market.
  • The emergence of new technology and the use of automation in excavators will increase the growth of mining industries

Malaysia Crawler Excavator market by volume

MALAYSIA CRAWLER EXCAVATOR MARKET - SEGMENTATION ANALYSIS

  • The mini excavator is expected to grow in the long term owing to the increasing demand for compact excavators that are technologically advanced. Malaysia's mini crawler excavator market is expected to reach 1659 units by 2027.
  • Malaysia's crawler excavator market by forestry is expected to reach 91 units by 2027, growing at a CAGR of 3.05%. The forestry segment accounts for 8% of the overall crawler excavator industry.
  • Malaysia's gross Power >201 HP crawler excavator market is expected to reach 1183 units by 2027, growing at a CAGR of 6.99%.

KEY HIGHLIGHTS FROM THE REPORT

  • Due to rising urbanization and increasing activity in the country's construction sectors, the production and sales of large excavators are expected to boost significantly.
  • Use of AI technology in enhancing productivity, safety, uptime, and operation in the market.
  • Farmers growing pulp have been urged to curtail natural forest use and focus their attention on commercial forests and the expansion of acacia plantations, which has resulted in a rise in excavator sales.

VENDOR LANDSCAPE

Excavator manufacturing companies have partnered with local distributors and dealers to sell their equipment in the market. There is no significant distribution channel in Malaysia for heavy equipment machinery. Independent dealers or distributors account for more than half of the sales, and the other half is majorly divided between retail suppliers and rental companies. Komatsu has collaborated with a US maker of commercial electric vehicles to produce electrified heavy machinery and excavator, looking to start mass production ahead of its rivals early from 2023. Caterpillar, Komatsu, Hitachi, Kubota, Sumitomo, and Leeboy are few significant players in the Malaysia Crawler Excavator market.

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
    • Excavator Type and Operating Weight
    • Application
    • Gross Power Output
  • Value (USD)                                        
    • Type
    • Excavator Type and Operating Weight
    • Application
    • Gross Power Output
  • Gain competitive intelligence about the economic scenario, advantages in Malaysia major projects and investments, market dynamics, market share
  • Examples of 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 crawler excavator market share
  • Complete supply chain analysis
  • Get COVID-19 impact analysis of the market
  • Company Profile of 16 significant vendors 

KEY VENDORS

Major Vendors: Caterpillar, Komatsu, Hitachi, Hyundai Construction Equipment, Sany, Volvo Construction Equipment, Doosan, Kobelco, and JCB

Other Prominent Vendors: Kubota, Sumitomo, Leeboy, Ingersoll Rand, and XCMG

Frequently Asked Questions

The Malaysia crawler excavator market to reach USD 337.1 million during 2021 -2027
Excavator type and operating weight, application, and gross power are the segments covered in the research report.
Caterpillar, Komatsu, Hitachi, Hyundai Construction Equipment, Sany, Volvo Construction Equipment, Doosan, Kobelco, and JCB are the top players in the industry.
Hyundai Construction Equipment jointly developed South Korea’s first AI-based equipment failure diagnosis technology together with Amazon Web Services (AWS) in the industry.
Rising in construction activities, mining and agriculture are the key factors driving the growth of the market.
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