PHILIPPINES CRAWLER EXCAVATOR MARKET SIZE WILL REACH 2900 UNITS BY 2027, GROWING AT A CAGR OF 7.97% DURING THE PERIOD 2021-2027

The Philippines Crawler Excavator Market Research Report includes by Excavator Type and Operating Weight (Mini (Less than 6 tons), Small (6-24 tons), Medium (25-40 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

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71 Pages

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6 Tables

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40 Charts

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1 Regions

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1 Countries

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12 Companies

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3 Market Segment

PHILIPPINES CRAWLER EXCAVATOR MARKET REPORT SCOPE

Report Attribute Details
MARKET SIZE (VOLUME) 2900 UNITS (2027)
CAGR 7.97% (2021-2027)
BASE YEAR 2020
HISTORIC YEAR 2018-2019
FORECAST YEAR 2021-2027
EXCAVATOR TYPE AND OPERATING WEIGHT (Mini (Less than 6 tons), Small (6-24 tons), Medium (25-40 tons)
APPLICATION Construction, Mining, Agriculture, Forestry, and Others
GROSS POWER OUTPUT <60 HP, 61-101 HP, 102-200 HP, and >201 HP
KEY VENDORS Caterpillar, Komatsu, Hitachi Construction machinery, Hyundai construction Equipment, Sany, Volvo, Doosan, and Kobelco

PHILIPPINES CRAWLER EXCAVATOR MARKET INSIGHTS

  • Increasing government spending on infrastructure and other initiatives, the government is estimated to drive the market for crawler excavators in the Philippines.
  • OEMs are also improving their telematics software, gaining popularity among excavator owners who want to constantly improve their uptime and degree of safety in their machines.
  • With the increase in infrastructure projects and construction activities, the demand for small and medium excavators that can be used for digging, trenching, lifting, placement, landscaping is expected to be high in the market.
  • Philippines’ crawler excavator market revenue by construction is expected to reach USD 180.8 million by 2027, will grow at a CAGR of 10.39% during the forecast period.
  • The potential growth of the Philippines crawler excavator market in the other sectors is majorly dependent on the demand for waste management solutions in the country.

Philippines Crawler Excavator Market By Volume

PHILIPPINES CRAWLER EXCAVATOR MARKET – SEGMENTATION ANALYSIS

  • The share of small excavators is more significant compared to other types. It is expected to witness significant growth due to the increasing construction, infrastructure, and mining activities in the country.
  • Continuation of infrastructure projects delayed due to the COVID-19 pandemic is one of the major factors expected to boost the demand for medium excavators in the short term.
  • The Philippines’ >201 hp crawler excavator market is expected to reach USD 184 million by 2027, growing at a CAGR of 7.30%.

KEY HIGHLIGHTS FROM THE REPORT

  • In terms of end-users, the construction industry is expected to generate the highest demand for crawler excavators and is anticipated to dominate the market during the forecast period further.
  • The purchase decision of excavators depends on the expected future performance of construction, mining, and agriculture industries, which are highly dependent on government initiatives on infrastructure development and demand for residential building construction.
  • The Philippines’ crawler excavator market revenue from agriculture is expected to reach USD 27.2 million by 2027, growing at a CAGR of 2.83%.

VENDOR LANDSCAPE

Excavator manufacturers are entirely dependent on logistical operators and local distributors to bring their products to the Philippines Market. Caterpillar provides its crawler excavator through its distributor Monark International also known as MonarkCAT. The company also offers used and rental excavators to surge the growth of the crawler excavator market in the Philippines. Government expenditure on infrastructure stood at PHP 56.1 billion during February 2021, increasing 23.1% from February 2020. This, in turn, creating growth opportunities for the vendors in the 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)
    • Excavator Type and Operating Weight
    • Application
    • Gross Power Output
  • Value (USD)
    • Excavator Type and Operating Weight
    • Application
    • Gross Power Output
  • Gain competitive intelligence about the economic scenario, advantages in the Philippines, major projects and investments, market dynamics, and 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 Philippines crawler excavator market share
  • Complete supply chain analysis
  • Get COVID-19 impact analysis of the market
  • Company Profile of 12 significant vendors

KEY VENDORS

Key Vendors: Caterpillar, Komatsu, Hitachi Construction Machinery, Hyundai construction equipment, Sany, Volvo, Doosan, Kobelco

Other Prominent Vendors: Sumitomo, Kubota Corporation, Ingersoll Rand, Liebherr Group

Frequently Asked Questions

What is the Philippines Crawler Excavator Market growth for the forecast period (2021-2027)?

The market will grow at a CAGR of 7.97% during the period (2021-2027).

What are the different kinds of excavators in the Market?

Mini (>6 tons), small (6-24 tons), medium (25-40 tons), and large (above >40 tons) are the different kinds of excavators in the market.

Who are the key vendors in the Philippines Excavator Market?

Caterpillar, Komatsu, Hitachi Construction Machinery, Hyundai construction equipment, Sany, Volvo, Doosan, and Kobelco are the key vendors in the market.

What are the major factors driving the Philippines Crawler Excavator Market?

An increase in construction activities is the primary factor driving the market.

What are the latest market trends for the Philippines Crawler Excavator?

Advancement in technology is the latest market trend for the Philippines crawler excavator.

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With the intense competition in technology and design, excavator makers are marketing their devices vigorously, focused on technologically innovative features and a wide variety of attachments. In the future, OEMs will focus on integrating sensor solutions for driver assistance and decreased equipment downtime, which would cut down additional costs. In the coming years, this factor is likely to push the demand for excavators.

BASE YEAR: 2020

FORECAST YEAR: 2021-2027

Scope: The report considers the present scenario of the Philippines crawler excavator market and its market dynamics for the forecast period 2021−2027. 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 crawler excavator market.

Major Vendors

  • Caterpillar
  • Komatsu
  • Hitachi Construction machinery
  • Hyundai Construction Equipment
  • Sany
  • Volvo
  • Doosan
  • Kobelco

Other Prominent Vendors

  • Sumitomo
  • Kubota Corporation
  • Ingersoll Rand
  • Liebherr Group

By Excavator Type and Operating Weight

  • Mini (Less than 6 tons)
  • Small (6-24 tons)
  • Medium (25-40 tons)
  • Large (above 40 tons)

By Application

  • Construction
  • Mining
  • Agriculture
  • Forestry
  • Others

By Gross Power

  • Less than 60 HP
  • 61-101 HP
  • 102-200 HP
  • Greater than 201 HP

Section1 – Introduction
• Market Snapshot
• Executive Summary

Section 2 – The Market Overview

• Economic Scenario, Advantage Philippines, Equipment Financing Structure, Supply Chain Insights, COVID-19 Impact, COVID-19 Impact analysis


Section 3- Technological Advances
• Technology Adoption by Major Vendors with Examples

Section 4 Market Dynamics
• Market Drivers, Restraints, Trends

Section 5 – Philippines Crawler Excavator Market (Type & Operating Weight)

1. Philippines Crawler Excavator Market by Excavator Market by Type (Operating Weight)
Mini Crawler Excavator, Market Size and Forecast, Volume & Value, 2018-2027
Small Crawler Excavator, Market Size and Forecast, Volume & Value, 2018-2027
Medium Crawler Excavator, Market Size and Forecast, Volume & Value, 2018-2027
Large Crawler Excavator, Market Size and Forecast, Volume & Value, 2018-2027

  1. Philippines Crawler Excavator Market by Excavator Market by Application
    Crawler Excavator, Construction, Market Size and Forecast, Volume & Value, 2018-2027
    Crawler Excavator, Mining, Market Size and Forecast, Volume & Value, 2018-2027
    Crawler Excavator, Agriculture, Market Size and Forecast, Volume & Value, 2018-2027
    Crawler Excavator, Forestry, Market Size and Forecast, Volume & Value, 2018-2027
    Crawler Excavator, Others, Market Size and Forecast, Volume & Value, 2018-2027

  2. Philippines Crawler Excavator Market by Gross Power
    Crawler Excavator Market by Gross Power Output, Crawler Excavator Market by Gross Power Output, 102 hp-200 hp, Volume & Value, 2018-2027
    Crawler Excavator Market by Gross Power Output, >201 hp, Volume & Value, 2018-2027


Section 6 – Market Landscape

Supply Chain Analysis

Section 7 – Competitive Landscape
1. Company Profile of major Vendors (Komatsu, Hitachi Construction Machinery, Kobelco, Caterpillar, Hyundai Construction Equipment, Doosan, JCB, SANY, Volvo Construction Equipment)
2. Other Prominent Vendors

Section 8 – Report Summary
1. Key Insights

Section 9 – Appendix
1. Research Methodology
2. Research Objective
3. Market Definition, Inclusion & Exclusion

LIST OF EXHIBITS

Exhibit 1              Philippines Crawler Excavator Market by Volume (unit sales), 2018-2027

Exhibit 2              Philippines Crawler Excavator Market by Gross Power Output, Volume (% volume share) 2020

Exhibit 3              Philippines Crawler Excavator Market by Volume (Unit Sales) 2018-2027

Exhibit 4              Philippines Crawler Excavator Market by Type (Operating Weight) 2018-2027 (Unit Sales)

Exhibit 5              Philippines Crawler Excavator Market by Type (Units Sales), 2018-2027

Exhibit 6              Philippines GDP Value from 2015-2020 ($ bn)

Exhibit 7              Number of infrastructure projects in Philippines by Region, 2020

Exhibit 8              Philippines Crawler Excavator Market by Excavator type 2018-2027 (unit sales)

Exhibit 9              Philippines Crawler Excavator Market by Gross power output 2018-2027 (unit sales)

Exhibit 10            Philippines Crawler Excavator Market by Application 2018-2027 (unit sales)

Exhibit 11            Philippines Mini Excavator Market 2018–2027 (Unit Sales)

Exhibit 12            Philippines Mini Crawler Excavator Market 2018–2027 ($ MN)

Exhibit 13            Philippines Small Excavator Market 2018–2027 (Unit Sales)

Exhibit 14            Philippines Small Crawler Excavator Market 2018–2027 ($ MN)

Exhibit 15            Philippines Medium Excavator Market 2018–2027 (Unit Sales)

Exhibit 16            Philippines Medium Excavator Market 2018–2027 ($ MN)

Exhibit 17            Philippines Large Excavator Market 2018–2027 (Unit Sales)

Exhibit 18            Philippines Large Excavator Market 2018–2027 ($ MN)

Exhibit 19            Philippines Gross Power Output

Exhibit 20            Philippines Gross Power Output

Exhibit 21            Philippines Gross Power Output 61 HP-101 HP Excavator Market   2018–2027 (Unit Sales)

Exhibit 22            Philippines Gross Power Output 61 HP-101 HP Excavator Market    2018–2027 ($ MN)

Exhibit 23            Philippines Gross Power Output 102 HP-200 HP Excavator Market   2018–2027 (Unit Sales)

Exhibit 24            Philippines Gross Power Output 102 HP-200 HP Excavator Market   2018–2027 ($ MN)

Exhibit 25            Philippines Gross Power Output >201 HP Excavator Market   2018–2027 (Unit Sales)

Exhibit 26            Philippines Gross Power Output >201 HP Excavator Market   2018–2027 ($ MN)

Exhibit 27            Philippines Crawler Excavator Market by Construction 2018–2027 (Unit Sales)

Exhibit 28            Philippines Crawler Excavator Market by Construction 2018–2027 ($ MN)

Exhibit 29            Philippines Crawler Excavator Market by Mining 2018–2027 (Unit Sales)

Exhibit 30            Philippines Crawler Excavator Market by Mining 2018–2027 ($ MN)

Exhibit 31            Philippines Crawler Excavator Market by Agriculture 2018–2027 (Unit Sales)

Exhibit 32            Philippines Crawler Excavator Market by Agriculture 2018–2027 ($ MN)

Exhibit 33            Philippines Crawler Excavator Market by Forestry 2018–2027 (Unit Sales)

Exhibit 34            Philippines Crawler Excavator Market by Forestry 2018–2027 ($ MN)

Exhibit 35            Philippines Crawler Excavator Market by Others 2018–2027 (Unit Sales)

Exhibit 36            Philippines Crawler Excavator Market by Others 2018–2027 ($ MN)

Exhibit 37            Caterpillar; total sales and revenue by segment 2019 ($ billion)

Exhibit 38            Komatsu; total sales and revenue by segment 2019 (%)

Exhibit 39            HITACHI Construction Machinery; total sales and revenue by segment 2018-2020 (%)

Exhibit 40            Hyundai construction equipment; total sales and revenue by segment 2018-2020 (%)

 

LIST OF TABLES

Table 1                Infrastructure development projects under development

Table 2                Free Trade Agreements Projects

Table 3                FDI regulatory Restrictiveness Index 2019

Table 4                Excavator maintenance cost (20 ton)

Table 5                Excavator maintenance cost (50 ton)

Table 6                Key Insights

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