SINGAPORE CONSTRUCTION EQUIPMENT MARKET SIZE WILL BE VALUED AT USD 444.2 MILLION AND TO REACH A VOLUME OF 3127 UNITS BY 2027, GROWING AT A COMPOUND ANNUAL GROWTH RATE (CAGR) OF 4.36% BY VOLUME DURING 2021-2027

The Singapore Construction Equipment Market Research Report includes by Equipment Type (Earth Moving Equipment (Excavator, Backhoe, Loader, Motor Grader, Other Earth Moving Equipment), Road Construction Equipment (Asphalt Paver and Road Roller), Material Handling Equipment (Crane, Forklift and Telescopic Handler, and Aerial Platforms (Articulated Boom Lifts, Telescopic Boom Lifts, Scissor Lifts, etc.)), Application (Construction, Manufacturing, Mining and Others).

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Most Exhaustive Report

75 Pages

7 Tables

51 Charts

1 Regions

1 Countries

19 Companies

2 Market Segment

SINGAPORE CONSTRUCTION EQUIPMENT MARKET REPORT SCOPE

Report Attribute Details
MARKET SIZE (VALUE) USD 444.2 MILLION (2027)
MARKET SIZE (VOLUME) 3127 UNITS (2027)
CAGR (VOLUME) 4.36% (2021-2027)
BASE YEAR 2020
HISTORIC YEAR 2018-2019
FORECAST YEAR 2021-2027
EXCAVATOR TYPE Earth Moving Equipment (Excavator, Backhoe, Loader, Motor Grader, Other Earth Moving Equipment), Road Construction Equipment (Asphalt Paver and Road Roller), and Material Handling Equipment (Crane, Forklift and Telescopic Handler, and Aerial Platforms)
APPLICATION Construction, Manufacturing, Mining and Others
KEY VENDORS Caterpillar, Komatsu, XCMG, Sany, Volvo Construction Equipment, Kobelco, Doosan, Liebherr, Zoomlion, and Terex Corporation

SINGAPORE CONSTRUCTION EQUIPMENT MARKET INSIGHTS

  • In Singapore, the rental business is gaining high traction. With the rise in construction activities, most end users prefer rental equipment due to its cost-efficient option. 
  • The demand for large excavators is expected to rise across Singapore. Vendors such as Hitachi, Komatsu, and Kobelco are expected to go with the trend and launch a large excavator segment in the country. 
  • The government of Singapore is planning for various infrastructure projects in healthcare redevelopment and transport infrastructure. This initiative will raise the demand for the construction equipment market in Singapore. 
  • The construction equipment has the largest demand in the construction industry, dominate the Singapore construction equipment market and is expected to show an incremental growth of 861 units during the forecast period. 

Singapore Construction Equipment Market

SINGAPORE CONSTRUCTION EQUIPMENT MARKET – SEGMENTATION ANALYSIS

  • The road construction project in Singapore is rapidly growing and is expected to reach USD 35 million by 2027. 
  • Singapore construction equipment industry is expected to grow heavily in the future due to the growth of housing and commercial building projects. 
  • The government in Singapore is upgrading the draining system, which is fueling the demand for the construction equipment market in the country. 

KEY HIGHLIGHTS

  • Investments from developed nations, favorable government policies and FDIs, and anticipated industrial advancement will contribute the highest share in the Singapore construction equipment market.
  • The surge in infrastructural projects and the steep growth in the manufacturing sectors will drive the demand for construction equipment such as excavators, cranes, and Forklifts in Singapore.
  • In Singapore, one of the major players, Caterpillar, launched its new next-generation large excavator to boost its growth in the country.  

VENDOR LANDSCAPE

  • XCMG has integrated technological innovations and development to create a series of products in Singapore construction equipment manufacturing.
  • Volvo construction equipment market has partnered and collaborated with other leading companies to capitalize on industrial & construction equipment demand.
  • Kobelco has a significant technological capability backed by access to several manufacturing plants and subsidiaries to boost their Singapore construction equipment industry growth. 

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
    • Application
  • Value (USD)
    • Excavator Type
    • Application
  • Gain competitive intelligence about the economic scenario, advantages in Singapore, 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 Singapore construction equipment market share.
  • Complete supply chain analysis
  • Get COVID-19 impact analysis of the market.
  • Company Profile of 15 significant vendors

KEY VENDORS

Key Vendors: Caterpillar, Komatsu, XCMG, Sany, Volvo Construction Equipment, Kobelco, Doosan, Liebherr, Zoomlion, and Terex Corporation.

Other Prominent Vendors: Hitachi, Sumitomo, Liugong, Hyundai Construction Equipment, and Kato.

Distributor Profiles: Tristan, Tiong Lee Haut Machinery & Construction, Tiong Woon Corporation Holding Ltd., and SIA & YEO Heavy Equipment.

Frequently Asked Questions

Singapore construction equipment market size will be valued at USD 444.2 million and to reach a volume of 3127 units by 2027.
Innovation in technology and automation are the latest trends in the Singapore construction equipment manufacturing market.
Caterpillar, Komatsu, XCMG, Sany, Volvo Construction Equipment, Kobelco, Doosan, Liebherr, Zoomlion, and Terex Corporation.
Government initiative towards construction activities holds the highest share of the construction equipment market.
Construction, manufacturing, mining, and others are the applications in the Singapore construction equipment market.
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The shift towards intelligent systems driven by IoT and data analysis for service, networking, and sustainability to create an innovative construction equipment market in Singapore. The government in the country plans to improve manufacturing productivity by 50% in 2030. The government has set up Global Innovation Alliance that is allowing local technology and manufacturing companies to collaborate with global manufacturers and enhance productivity through technology collaboration in Singapore. Construction machinery is creating huge demand especially in construction activities across the country.

Base Year: 2020

Forecast Year: 2021-2027

Scope: The report considers the present scenario of the Singapore construction equipment 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 construction equipment market.

Major Vendors

  • Caterpillar
  • Komatsu
  • XCMG
  • Sany
  • Volvo Construction Equipment
  • Kobelco
  • Doosan
  • Liebherr
  • Zoomlion
  • Terex Corporation

Other Prominent Vendors

  • Hitachi
  • Sumitomo
  • Liugong
  • Hyundai Construction Equipment
  • Kato Works

Distributor Profiles

  • Tristan Equipment
  • Tiong Lee Haut Machinery & Construction Pte Ltd.
  • Tiong Woon
  • SIA & YEO Heavy Equipment

Market Segmentation by Type

  • Earth Moving Equipment
    • Excavator
    • Backhoe Loader
    • Motor Grader
    • Other Earth Moving Equipment
  • Road Construction Equipment
    • Asphalt Paver
    • Road Roller
  • Material Handling Equipment
    • Crane
    • Forklift and Telescopic Handler
    • Aerial Platforms (Articulated Boom Lifts, Telescopic Boom Lifts, Scissor Lifts, etc.)

Market Segmentation by Application

  • Construction
  • Manufacturing
  • Mining
  • Others

Section 1 – Introduction
• Market Snapshot
• Executive Summary

Section 2 – The Market Overview

Economic Scenario, FDI, Advantage of Singapore, Key Economic Regions in Singapore, Supply Chain Insight, COVID-19 Impact

Section 3- Technological Advancements
• Advent of new Technology

Section 4 Market Dynamics
• Market Drivers, Restraints, Trends

Section 5 – Singapore Construction Equipment (Type & Application)

   5.1 Singapore Construction Equipment Market by Type (Volume & Value)
 5.1.1. Earth Moving Equipment

  1. Excavator
  2. Backhoe Loader
  3. Motor Grader
  4. Other Earth Moving Equipment (Other Loaders, Bulldozer, Trencher, etc.)

 5.1.2. Road Construction Equipment

  1. Asphalt Paver
  2. Road Roller

5.1.3.  Material Handling Equipment

  1. Crane
  2. Forklift and Telescopic Handler
  3. Aerial Platform (Articulated Boom lifts, Telescopic Boom lifts, Scissor Lifts, etc)

5.2 Singapore Construction Equipment Market by Application (Volume & Value)

  1. Construction
  2. Mining
  3. Manufacturing
  4. Others (Power Generation and Utilities, Municipal Corporation, etc)

Section 6 – Competitive Landscape

  1. Competitive Landscape Overview
  2. Company Profile of major Vendors (Liebherr Singapore, Komatsu, Kobelco, Terex Corporation, Caterpillar Singapore, XCMG, SANY, Volvo Construction Equipment Singapore)          
  1. Other Prominent vendors
  2. Distributors Profile

Section 7 – Report Summary
1.    Key Insights

Section 8 – Report Scope & Definition
1.   Research Methodology
2.   Market Definition, Inclusion & Exclusion

Exhibit 1             Singapore Construction Equipment Market by Volume (Unit sales), 2018-2027

Exhibit 2             Singapore Construction Equipment Market by Type 2020 Volume Share (%)

Exhibit 3             Singapore Construction Equipment Market by Volume (Unit sales), 2018-2027

Exhibit 4             Singapore Construction Equipment Market by Value ($ MN), 2018-2027

Exhibit 5             Singapore Construction Equipment by Application 2020 (% volume share)

Exhibit 6             Singapore Construction Equipment Market by Type 2018-2027 (Unit Sales)

Exhibit 7             Singapore GDP Value ($BN) 2015-2020

Exhibit 8             Government Investment in Infrastructure Project 2020 (%)

Exhibit 9             FDI Inward Flow ($MN)

Exhibit 10           Investment in Singapore by Continent 2019 (%)

Exhibit 11           Demand For Construction Service in Singapore 2019 vs 2020 ($BN)

Exhibit 12           Singapore Solar Energy Generation Output (MWp) 2019 Vs 2020

Exhibit 13           Singapore Construction Equipment Market by Type 2018-2027 (Unit Sales)

Exhibit 14           Singapore Construction Equipment Market by Type 2020 (Volume Share %)

Exhibit 15           Singapore Construction Equipment by Application 2018-2027 (Unit sales)

Exhibit 16           Singapore Earth Moving Equipment Market 2018–2027 (Unit Sales)

Exhibit 17           Singapore Earth Moving Equipment Market 2018–2027 ($ MN)

Exhibit 18           Singapore Excavator Market 2018–2027 (Unit Sales)

Exhibit 19           Singapore Excavator Market 2018–2027 ($ MN)

Exhibit 20           Singapore Backhoe Loader Market 2018–2027 (Unit Sales)

Exhibit 21           Singapore Backhoe Loder Market 2018–2027 ($ MN)

Exhibit 22           Singapore Motor Grader Market 2018–2027 (Unit Sales)

Exhibit 23           Singapore Motor Grader Market 2018–2027 ($ MN)

Exhibit 24           Singapore Other Earth Moving Equipment 2018-2027 (Unit Sales)

Exhibit 25           Singapore Other Earth Moving Equipment 2018-2027 ($MN)

Exhibit 26           Singapore Road Construction Equipment Market 2018-2027 (Unit Sales)

Exhibit 27           Singapore Road Construction Equipment Market 2018-2027( $MN)

Exhibit 28           Singapore Asphalt Paver Market 2018-2027 (Unit Sales)

Exhibit 29           Singapore Asphalt Paver Market 2018-2027($ MN)

Exhibit 30           Singapore Road Roller Market 2018-2027 (Unit Sales)

Exhibit 31           Singapore Road Roller Market 2018-2027 ($ MN)

Exhibit 32           Singapore Material Handling Equipment Market 2018-2027 (Unit Sales)

Exhibit 33           Singapore Material Handling Equipment Market 2018-2027 ($ MN)

Exhibit 34           Singapore Crane Market 2018-2027 (Unit Sales)

Exhibit 35           Singapore Crane Market 2018-2027 ($ MN)

Exhibit 36           Singapore Forklift & Telescopic Handler Market 2018-2027 (Unit Sales)

Exhibit 37           Singapore Forklift & Telescopic Handler Market 2018-2027 ($ MN)

Exhibit 38           Singapore Aerial Platform Market 2018-2027 (Unit Sales)

Exhibit 39           Singapore Aerial Platform Market 2018-2027 ($ MN)

Exhibit 40           Project Construction Demand in Different Sectors 2021 ($ BN)

Exhibit 41           Singapore Construction Equipment Market 2018–2027 (Unit Sales)

Exhibit 42           Singapore Construction Equipment Market 2018–2027 ($ MN)

Exhibit 43           Singapore Mining Construction Equipment Market 2018–2027 (Unit Sales)

Exhibit 44           Singapore Mining Construction Equipment Market 2018–2027 ($ MN)

Exhibit 45           Singapore Manufacturing Construction Equipment Market 2018–2027 (Unit Sales)

Exhibit 46           Singapore Manufacturing Construction Equipment Market 2018–2027 ($ MN)

Exhibit 47           Singapore Construction Equipment Market by Others 2018–2027 (Unit Sales)

Exhibit 48           Singapore Construction Equipment Market by Others 2018–2027 ($ MN)

Exhibit 49           Caterpillar, Total Revenue 2018- 2020 ($ BN)

Exhibit 50           Komatsu, Net Sales 2018-2020 ($ BN)

Exhibit 51           Liebherr, Total Revenue 2016-2020 ($BN)

LIST OF TABLES

Table 1               Top Sectors Drawing Investments 2019 (%)

Table 2               Top Investing Countries 2020 (%)

Table 3               Key Economic Regions in Indonesia

Table 4               Main Projects in Transport, Civil Infrastructure & Housing Sectors

Table 5               Export of Mobile Crane from Indonesia Market 2019 ($MN)

Table 6               Key Insights

Table 7               Abbreviation

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