THE MYANMER CRAWLER EXCAVATOR MARKET SIZE WILL BE VALUED AT USD 53.5 MILLION AND TO REACH VOLUME OF 537 UNITS BY 2027, GROWING AT A COMPOUND ANNUAL GROWTH RATE (CAGR) OF 7.57% BY VOLUME DURING 2021-2027

The Myanmar Crawler Excavator Market Research Report includes by Excavator Type and Operating Weight (Mini (Less than 6 tons), Small (6-15 tons), Medium (15-30 tons), and Large (above 30 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

71 Pages

7 Tables

44 Charts

1 Regions

1 Countries

15 Companies

3 Market Segment

MYANMER CRAWLER EXCAVATOR MARKET REPORT SCOPE

Report Attribute Details
MARKET SIZE (VOLUME) 537 UNITS SALES (2027)
CAGR 7.57% (2021-2026)
Base Year 2020
Historic Year 2018-2019
Forecast Year 2021-2027
EXCAVATOR TYPE AND OPERATING WEIGHT Mini (Less than 6 tons), Small (6-15 tons), Medium (15-30 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, Doosan, Volvo, JCB, Sany, and Kobelco

MYANMAR CRAWLER EXCAVATOR MARKET INSIGHTS

  • The country improved minority investor rights by mandating more disclosure of transactions involving interested parties, raising director responsibility, and improving corporate transparency in the crawler excavator market.
  • In Myanmar, manufacturers are making operational advancements in their excavator motors, hydraulic systems, structure, tracks, and cab construction to improve their telematics fuel efficiency and competitiveness. With substantial continuing changes in Myanmar's mining controls, there was a considerable increase in international interest and investment in 2020.
  • Myanmar relies on the export of crawler excavators majorly from China, Japan, and Korea.
  • OEMs majorly focus on medium crawler excavators as this range has witnessed significant demand in the recent past, and it is further expected to witness an increased demand in the country.
  • Hitachi Construction Machinery has developed long-distance remote control and autonomous operation technology for ultra-large hydraulic excavators using ICT and IoT technologies across Myanmar.

Myanmar Crawler Excavator Market 

MYANMAR CRAWLER EXCAVATOR MARKET - SEGMENTAL ANALYSIS

  • The mini excavator industry has the potential to grow enormously in the long term as the availability of cheap manual labor declines and the requirement for inner-city construction projects rises. 
  • With the emergence of remote operation of excavators deep down in mines and the advent of 5G technology, the demand for excavators used in mining is expected to boost as it is comparatively safer to operate excavators from a distance.
  • Myanmar’s 

KEY HIGHLIGHTS FROM THE REPORT

  • With increasing investments in road construction, housing projects in the pipeline, the demand for medium excavators is expected to spike in the country.
  • Myanmar's advantageous position is likely to play a critical role in the government's ambitions to expand international collaboration, commerce, and investment, boosting excavators' demand shortly.
  • Medium excavators accounted for the largest market share of around 33.7% because of their growing popularity.

MYANMAR CRAWLER EXCAVATOR MARKET - VENDOR LANDSCAPE

The manufacturers focus on developing green products that comply with increasingly stringent international environmental laws, such as the IMO's air pollution and sulfur dioxide emission standards, by creating key eco-friendly technology. For instance, Caterpillar strategizes to deliver high-quality power systems and machines by focusing on implementing defect-free initiatives across the company. Caterpillar is planning to expand its product offerings to meet the requirements of a broad range of customers.

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 (Million)
    • Type
    • Excavator Type and Operating Weight
    • Application
    • Gross Power Output
  • Gain competitive intelligence about the economic scenario, advantages in Myanmar, 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 Myanmar crawler excavator market share
  • Complete supply chain analysis
  • Get COVID-19 impact analysis of the industry
  • Company Profile of 16 major vendors

KEY VENDORS

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

Other Prominent Vendors: Kubota, Sumitono, Ingersoll Rand, Liebherr, XCMG, and LeeBoy

Frequently Asked Questions

Myanmar crawler excavator market size will reach unit sales of 537 by 2027.
The Myanmar crawler excavator market to reach USD 53.5 million during 2021 -2027.
Mini (>6 tons), Small (6-15 tons), Medium (15-30 tons), and Large (above 30 tons) are the different types of excavators in the market.
Caterpillar, Komatsu, Hitachi, Hyundai, Doosan, Volvo, JCB, Sany, and Kobelco are the key vendors in the market.
Increasing acceptance of Myanmar as an exciting investment destination and increasing government expenditure on construction projects are the key factors driving the excavator market.
Medium excavators accounted for the largest market share of around 33.7% because of their growing popularity.
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