South East Asia Construction Equipment Market Research Report
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Southeast Asia Construction Equipment Market - Strategic Assessment & Forecast 2022-2028

TO BE PUBLISHED : Jan 2022 | Pages : 121

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SOUTHEAST ASIA CONSTRUCTION EQUIPMENT MARKET SIZE WILL BE VALUED AT USD 2,876 MILLION AND TO REACH A VOLUME OF 76,346 UNITS BY 2027, GROWING AT A COMPOUND ANNUAL GROWTH RATE (CAGR) OF 5.15% BY VOLUME DURING 2022-2027

Southeast Asia Construction Equipment Market Research Report includes segments by Type (Earth Moving Equipment (Excavator, Backhoe Loader, Motor Grader, and Other Earth Moving Equipment), Road Construction Equipment (Asphalt Paver and Road Roller), Material Handling Equipment (Crane, Forklift & Telescopic Handler, Arial Platforms (Articulated Boom Lifts, Telescopic Boom Lifts, Scissor Lifts, etc.)), By Application (Construction, Manufacturing, Mining, and Others), By Countries (Indonesia, Thailand, Singapore, Philippines, Malaysia, and Vietnam)

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Most Exhaustive Report

121 Pages

1 Tables

1 Charts

1 Regions

6 Countries

17 Companies

3 Market Segment

SOUTHEAST ASIA CONSTRUCTION EQUIPMENT MARKET SCOPE

Report Attribute Details
MARKET SIZE (REVENUE) USD 2,876 MILLION (2027)
MARKET SIZE (UNIT SHIPMENT) 76,346 units (2027)
CAGR (VOLUME) 5.15% (2021-2027)
HISTORIC YEAR 2018-2019
BASE YEAR 2020
FORECAST YEAR 2021-2027
TYPE 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))
APPLICATION Construction, Manufacturing, Mining, and Others
COUNTRY Indonesia, Thailand, Singapore, Philippines, Malaysia, and Vietnam
KEY VENDORS Caterpillar, Komatsu, Hitachi Construction Machinery, Kobelco, Volvo Construction Equipment, Kubota, Liebherr, JCB, Xuzhou Construction Machinery Group Co., Ltd. (XCMG), SANY Group

SOUTHEAST ASIA CONSTRUCTION EQUIPMENT MARKET INSIGHTS

  • Southeast Asia construction equipment market was valued at USD 2.1 billion and is forecasted will reach USD 2.9 billion by 2027, growing at a CAGR of 4.55% during 2021-2027. Southeast Asia's construction equipment rental market growth will accelerate new equipment sales.
  • Philippines, Indonesia, and Vietnam are estimated to be the main drivers for the Construction Equipment industry due to the massive infrastructure projects pipeline.
  • Southeast Asia's construction equipment rental market growth will accelerate new equipment sales.
  • Governments in the region have introduced several plans to recover the countries from the impact of COVID-19, which majorly focuses on infrastructure development and increasing government spending. This will propel demand in the Construction Equipment market in Southeast Asia.

Southeast Asia Construction Equipment Market by Volume

Southeast Asia Construction Equipment Market by Volume 2018-2027 (Unit Sales)

SOUTHEAST ASIA CONSTRUCTION EQUIPMENT MARKET SEGMENTATION

  • Various Construction projects in Singapore, Indonesia, and Malaysia, such as the Penang Transport Master plan, MRT Circle development project, Sarawak- Sabah Link Road project, and other major countries in the region, are expected to drive the demand for earthmoving equipment in the area.
  • Various public infrastructure projects are planned, such as Bicol Medical Center’s Medical Arts Building and NEDA sa Makati Property Redevelopment Project in the Philippines in 2021. Similarly, development is progressing in various countries in the Southeast Asia region. Therefore, the demand for Aerial Platform is expected to rise in the forecast period.
  • Large construction projects such as Changi Airport, Tuas Mega port in Singapore development of metropolitan regions for Palembang, Banjarmasin, Makassar, and Denpasar in Indonesia of worth USD 20 billion in 2021 is expected to drive demand for bulldozers, trenchers in Southeast Asia Countries.

KEY HIGHLIGHTS IN THE REPORT

  • The rise in construction projects in the region and government focus on harnessing renewable energy resources instead of fossil fuel is expected to drive the demand in the machinery and equipment manufacturing industry in Southeast Asia.
  • Over the past few years, the population in urban areas in the Philippines has been growing faster compared to rural areas, primarily due to internal migration brought about by economic development in city centers. Thus, the rise in infrastructure projects in urban areas will drive demand in the Southeast Asia construction equipment industry.
  • Southeast Asia's heavy construction equipment market demand is also expected to rise due to the government's ambitious plan to generate 2GW of solar power by 2030. The government has introduced the Solar Nova program and research and development initiatives to increase solar energy output to achieve this goal.

VENDOR LANDSCAPE

  • The key players in Southeast Asia Construction Machinery Industry are Caterpillar, Komatsu, Hitachi Construction Machinery, Kobelco, Volvo Construction Equipment, Kubota, Liebherr, JCB, Xuzhou Construction Machinery Group Co., Ltd. (XCMG), and SANY Group.
  • In October 2020, Caterpillar announced the acquisition of Weir’s Oil & Gas business, now SPM Oil & Gas, expanding its global presence to serve its Oil & Gas customers
  • In 2021 Kobelco reached an assembly of 3,00,000 hydraulic excavators at Hiroshima Factory.
  • In September 2020, SANY Partnered with Adelaide Heavy Machinery as the appointed dealer for South Australia.

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
    • Countries
  • Value (USD)     
    • Type
    • Application
    • Countries
  • Gain competitive intelligence about the economic scenario, advantages in Southeast Asia countries 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 Southeast Asia construction equipment market share
  • Complete supply chain analysis
  • Get COVID-19 impact analysis of the market
  • Company Profile of 19 vendors and distributors

KEY VENDORS

  • Major Vendors: Caterpillar, Komatsu, Hitachi Construction Machinery, Kobelco, Volvo Construction Equipment, Kubota, Liebherr, JCB, Xuzhou Construction Machinery Group Co., Ltd. (XCMG), SANY Group
  • Other Prominent Vendors: Sumitomo Heavy Industries, Yanmar Holdings Co, Zoomlion Heavy Industry, LiuGong
  • Distributor’s Profiles: TAT Hong, United Tractor, Multicranes Perkasa

Frequently Asked Questions

Southeast Asia construction equipment market size will be valued at USD 2,876 million and to reach a volume of 76,346 units by 2027
2d-Grade Control Technology, Ai-Based Excavators, Smart Crane, and Telematics+ IOT are some latest technologies in the Southeast Asia construction machinery market
The key players in South East Asia construction equipment industry are Caterpillar, Komatsu, Hitachi Construction Machinery, Kobelco, Volvo Construction Equipment, Kubota, Liebherr, JCB, Xuzhou Construction Machinery Group Co., Ltd. (XCMG), and SANY Group
The factors driving the growth of the Southeast Asia construction equipment industry are government plans to enhance renewable power capacity and infrastructure development in urban areas because of the increasing population.
The different types of construction equipment covered in the report are Earth Moving Equipment, Road Construction Equipment, and Material Handling Equipment.
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In 2021, the economic recovery among the Southeast Asian countries was highly impacted by the decline in the tourism sector. Asian Development Bank survey revealed that the Southeast Asia tourism industry experienced a loss of 8.4% of GDP in 2021. Although the economic recovery is estimated to be slower, governments’ investment in infrastructure projects related to health care, renewable energy, and the housing sector is expected to drive economic activities supporting the construction equipment industry in the region over the forecast period.

Base Year: 2021

Forecast Year: 2022-2028

Scope: The report considers the present scenario of the Southeast Asia construction equipment market and 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 Southeast Asia construction equipment market.

Major Vendors

  • Caterpillar
  • Komatsu
  • Hitachi Construction Machinery
  • Kobelco
  • Volvo Construction Equipment
  • Kubota
  • Liebherr
  • JCB
  • Xuzhou Construction Machinery Group Co., Ltd. (XCMG)
  • SANY Group

Other Prominent Vendors

  • Sumitomo Heavy Industries
  • Yanmar Holdings Co
  • Zoomlion Heavy Industry
  • LiuGong

Distributor’s Profiles

  • TAT Hong
  • United Tractor
  • Multicranes Perkasa

Market Segmentation by Moving Equipment

  • 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
    • Arial Platforms (articulated boom lifts, telescopic boom lifts, scissor lifts, etc)

Market Segmentation by Application

  • Construction
  • Manufacturing
  • Mining
  • Others

Market Segmentation by Countries

  • Indonesia
  • Thailand
  • Singapore
  • Philippines
  • Malaysia
  • Vietnam

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