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THE SOUTHEAST ASIA CONSTRUCTION EQUIPMENT MARKET SIZE BY VOLUME WAS ESTIMATED AT 74,025 UNITS IN 2023 AND IS EXPECTED TO REACH 97,452 UNITS BY 2029, GROWING AT A CAGR OF 4.69%.
The Southeast Asia Construction Equipment Market Research Report Includes Segments By
- Earthmoving Equipment: Excavator, Backhoe Loaders, Wheeled Loaders, Other Earthmoving Equipment (Other loaders, Bulldozers, Trenchers)
- Road Construction Equipment: Road Rollers and Asphalt Pavers
- Material Handling Equipment: Crane, Forklift & Telescopic Handlers, and Aerial Platforms (Articulated Boom Lifts, Telescopic Boom lifts, Scissor lifts)
- Other Construction Equipment: Dumper, Tipper, Concrete Mixture, and Concrete Pump Truck
- End Users: Construction, Mining, Manufacturing, and Others
- Region: Indonesia, Thailand, Philippines, Malaysia, Singapore, and Rest of Southeast Asia
The Industry Analysis Report Provides Industry Trends, Drivers, Opportunities, Competitive Outlook, Market Size, Sales, and Growth Forecast for 2024-2029
This report includes market data points, ranging from trend
analyses to market estimates & forecasts that you can customize
SOUTHEAST ASIA CONSTRUCTION EQUIPMENT MARKET SCOPE
REPORT ATTRIBUTE | DETAILS |
---|---|
MARKET SIZE- VOLUME (2029) | 97,452 Units |
MARKET SIZE- VOLUME (2023) | 74,025 Units |
CAGR- VOLUME (2023-2029) | 4.69% |
MARKET SIZE- REVENUE (2029) | USD 9.1 Billion |
HISTORIC YEAR | 2020-2022 |
BASE YEAR | 2023 |
FORECAST YEAR | 2024-2029 |
EQUIPMENT TYPE | Earthmoving Equipment, Road Construction Equipment, Material Handling Equipment, and Other Equipment |
END-USERS | Construction, Mining, Manufacturing, and Others |
KEY VENDORS | Caterpillar, Hitachi Construction Machinery, Komatsu, Liebherr, Volvo Construction Equipment, Kobelco, Kubota, Zoomlion Heavy Industry Science & Technology Co., Ltd., SANY, Xuzhou Construction Machinery Group (XCMG), Hyundai Construction Equipment, SUMITOMO CONSTRUCTION MACHINERY CO., LTD., Develon, and JCB |
SOUTHEAST ASIA CONSTRUCTION EQUIPMENT INDUSTRY INSIGHTS
The Southeast Asia construction equipment market by volume was valued at 74,025 in 2023 and is expected to reach 97,452 units by 2029, growing at a CAGR of 4.69%. The government across the Southeast Asian region is investing in redeveloping infrastructure projects, including expanding ports, railway lines, roadways, and highways. The surge in infrastructure development projects is expected to drive the Southeast Asia construction equipment market during the forecast period. Furthermore, Southeast Asia, with four countries in the top 10 for construction machinery exports (Indonesia, India, Vietnam, and Thailand), is seeing significant growth fueled by initiatives like the "Belt and Road Initiative" and the "Regional Comprehensive Economic Partnership (RCEP) Agreement.”
Increased Investment in Public Infrastructure Projects
- The Southeast Asia construction equipment market by revenue is expected to reach USD 9.1 billion by 2029. Government policies, manufacturing relocation, infrastructure investments, and rising commodity prices have boosted market demand, turning Southeast Asia into a lucrative market for construction machinery.
- Indonesia prioritizes infrastructure in its "National Medium-term Development Plan 2020-2024," allocating a significant USD 359.2 billion investment. The approval of the National Capital Law Draft on January 18, 2022, announced the capital's shift from Jakarta to East Kalimantan. This move has prompted the need for a substantial amount of engineering machinery and equipment due to the upcoming construction of the new capital.
- Zoomlion has a strong presence in the Southeast Asian "Belt and Road" market, employing a localized channel management approach. The company dominates with its crane products, holding approximately 65% share in Malaysia and being recognized as Thailand's most familiar Chinese brand.
- Many major construction projects are in progress in Thailand. The Eastern Economic Corridor (EEC) is a plan by the government to turn three provinces in eastern Thailand into a center for new ideas and technology development. As part of this project, they're building new roads, railways, and airports and setting up places for industries and logistics.
- The government spending in Thailand's construction sector is boosting the economy. The government anticipates a 4% growth in the industry in 2024, generating more than a million jobs. In 2023, private investment hit USD 9.2 billion, and this trend will likely keep rising.
- By 2030, Singapore’s goal is to increase the railway system to approximately 360 km. This objective entails linking eight out of every ten households within a 10-minute of a train station. A 360-km rail network will position Singapore with a total railway span surpassing prominent cities like Tokyo or Hong Kong.
- The Thomson East Coast Lin in Singapore aims to reduce the distance between residents residing in the eastern region and those along the North-South Corridor to access train stations conveniently. This project is estimated to be completed by 2025. Additionally, there will be 91 new, fully automated, four-car trains. These trains will have additional doors to facilitate quicker boarding.
- The Indonesia-Malaysia-Thailand Growth Triangle (IMT-GT) is a collaborative effort among the southern regions of Thailand, Malaysia, and Indonesia to boost economic growth. This initiative plans various road infrastructure projects, such as the Southern Thailand-Malaysia-Indonesia Expressway Link (SUMITREX) and the Trans-Sumatra Toll Road.
KEY HIGHLIGHTS
- Earthmoving equipment accounted for the largest market share of the Southeast Asia construction equipment market in 2023. Excavators in the earthmoving segment accounted for the largest share in 2023. Rising investment in housing, port expansion, and public infrastructure projects is expected to drive the demand for excavators in the Southeast Asia construction equipment market.
- In February 2023, LG Energy Solution announced a USD 1.4 billion investment in a nickel processing plant in Indonesia. The plant is expected to produce 60,000 tonnes of battery-grade nickel per year. In March 2023, Sumitomo Metal Mining Co. declared a USD 300 million investment in a copper mine in the Philippines. This mine aims to yield an annual output of 100,000 tonnes of copper.
- According to the Indonesian Heavy Equipment Single Agent Association, heavy equipment sales were estimated to reach at least 18,000 units in 2023, whereas the 2022 sales were recorded at 20,300 units (an 11.3% decrease).
- Initiated in 2021, the "Million Homes" project endeavors to erect one million new affordable residences by 2024. Additionally, the government has advocated for inventive construction methods like prefabricated housing to curtail construction expenses.
- The Cavite-Laguna Expressway (CALAX), spanning 45 kilometers, links Metro Manila to Cavite and Laguna provinces, offering a vital alternative to the frequently congested Manila-South Luzon Expressway. The anticipated completion of this project is set by the conclusion of 2025.
- Hitachi Construction Machinery (HCM), in August 2023, announced that it has started taking in orders for the new basic model, which can be equipped with various attachments at the end of its arm. It also mentioned that this model is 22% stronger regarding its hydraulic control system (TRIAS III), which allows the force to pull out piles and other objects.
MARKET TRENDS & DRIVERS
Rise in Investments in the Renewable Energy Sector Across Southeast Asia
- Indonesia’s PLN’s USD 172 billion investment plan focuses on renewable energy projects and grid upgrades to add 60 GW of new renewable power capacity. The Institute for Essential Services Reform (IESR) also planned the ‘Central Java Renewable Energy Investment Forum 2023’ to encourage investment opportunities in the country.
- In 2023, Thailand witnessed a large amount of investment in the green energy sector. Within the initial eight months of 2023, the Board of Investment approved applications for energy projects valued at approximately USD 1.1 billion, recording an increase of 112% compared to the same period in 2022.
Rising Focus on Compact and Electric Construction Equipment
The electric equipment market in the Southeast Asia construction equipment market is anticipated to be driven by factors like government initiatives, growing demand for eco-friendly construction projects, and the trend toward industrialization. However, a significant challenge is the substantial cost of electric construction machinery, which might impede industry growth. However, to align with the global net zero emission target, the companies are focusing on capitalizing on lithium-ion battery technology in electric excavators and other products to reduce their carbon footprint.
Rise in Waste-To-Energy Projects in the Region to Drive the Market for Wheel Loaders in the Southeast Asia Construction Equipment Market
Waste-to-energy is vital for Indonesia's renewable energy goals, aiming to increase its share to 23% in the energy mix by 2025, highlighting a significant rise from the current 13% in 2023. Therefore, the government focuses on effective waste management to drive environmental and sustainable energy initiatives. In Indonesia, several waste-to-energy projects are underway in 2023. For instance, the Denpasar waste-to-energy power plant is a 20MW biopower project costing USD 400 million. Construction is expected to commence in 2026 and achieve commercial operation by 2027.
Surge in Investments in the Construction Industry Across Southeast Asia to Boost the Sales of Earthmoving Construction Equipment
According to the Building & Construction Authority (BCA), the total value of construction projects in 2023 is in the range between USD 19.8 and USD 23.5 billion in Singapore. The public sector attracts the highest demand, contributing to nearly 60% of total construction demand in 2023. This is supported by pipeline public housing projects and the Housing Development Board’s ramping up of Build-To-Order flats. Further, the government is significantly investing in projects in Laos, Cambodia, Malaysia, and the Philippines. The Philippines government is significantly investing in affordable housing. The Pambansang Pabahay para pa Philipino Housing Program (4PH) aims to build one million housing units annually between 2023 and 28. The growth of the construction industry in various region countries is projected to support the Southeast Asia construction equipment market growth.
High Expenditure in Green Hydrogen Projects to Encourage the Sales of Construction Equipment
- In 2023, the Singaporean government has heavily invested in the hydrogen initiative. In Jan 2023, the government unveiled an investment of USD 55 million for 12 R&D projects focused on hydrogen. Moreover, the government has also invested in low-carbon technologies. In July 2023, the government announced its participation in the Castor Initiative to explore the potential benefits of hydrogen economy development.
- In Oct 2023, Vietnam organized the National Green Hydrogen Summit to explore advancements in the country’s green hydrogen sector.
The Prominent Mining Sector in Southeast Asia Strengthens the Southeast Asia Construction Equipment Market
- The Thai government has invested substantially in mining in the past few years, aiming to enhance the nation's gold, copper, and tin resources. In 2023, the government allocated a budget of USD 580 million for mining development projects under the Department of Mineral Resources (DMR). The DMR has undertaken thorough exploration and geological mapping to pinpoint new mineral reserves. These efforts have played a crucial role in attracting foreign mining investments.
- The government has allocated USD 50 million to boost research and development in the mining sector through the Singapore Mining Research and Technology Centre (SMART). Additionally, USD 100 million has been invested in establishing a new mineral processing and logistics hub at Jurong Port.
INDUSTRY RESTRAINTS
Skilled Labour Shortage in the Region to Impact the Growth of Construction Industry
In 2023, Indonesia witnessed a significant deficit in its skilled labor aggregate, recording approximately 17.2 million workers. Indonesia depends on cheap foreign labor, and the political backlash impacts foreign participation. Additionally, Thailand’s service sector, which constitutes approximately 58.7% of the GDP and employs 20.8 million workers, representing 53% of the total employment, has witnessed a labor shortage issue in 2023.
Rising Construction Costs in the Region to Hamper the Pace of Construction Projects
- The countries in the region are also witnessing increasing mortgage rates in Southeast Asia, impacting the residential demand in the region. Indonesia has been increasing the cost of borrowing to address the inflationary pressure. The Bank of Indonesia raised its interest rates by 250 basis points in 2023.
- In Singapore, construction expenses have consistently risen for different types of buildings over the last three years. Residential flat construction costs have seen a significant 26% surge from 2021 to 2023.
- The tender price index from the Building and Construction Authority also confirms this pattern, showing a 30% increase in construction costs for commercial buildings during the same period.
High Demand for Rental Construction Equipment to Hinder the Southeast Asia Construction Equipment Market Growth
- The global pandemic and geopolitical crises have resulted in supply chain disruptions for construction equipment manufacturing, ultimately driving prices upwards. For example, the semiconductor chips required for equipment engines have recently risen manifold times.
- The price of some microcontroller chips in Malaysia has increased by approximately 400% in 2022. Additionally, chip manufacturing costs in Singapore increased by 20% in 2022.
- Other raw materials, such as prices of steel, have also magnified. The cost of iron ore and choking coal, key inputs in steel production, has also risen.
VENDOR LANDSCAPE
- Caterpillar, Komatsu, Liebherr, Volvo CE, Hitachi Construction Machinery, Zoomlion, XCMG, and SANY are leaders in the Southeast Asia construction equipment market. These companies have strong market share and offer diverse sets of equipment.
- Liugong, Terex, Toyota Material Handling, JCB, Manitou, Yanmar, and Takeuchi are niche players in the Southeast Asia construction equipment market. These companies offer low product diversification and have a strong presence in Southeast Asia’s local market.
- Kubota, Kobelco, Sumitomo, HD Hyundai Construction Equipment, and DEVELON are emerging. These companies are introducing new technologically advanced products to challenge the share of Southeast Asia construction equipment market leaders in the region.
- Sunward, Tadano, Haulotte, Kato Works Co. Ltd., AUSA, Merlo Spa, CNH Industrial, Shantui, Bobcat, and Ammann have low product diversification in the Southeast Asia construction equipment market; these companies are lagging in adopting new technologies used in construction equipment.
- In Jan 2023, Kobelco Construction Machinery stated the sales of the TK750GLB crawler crane with a maximum lifting capacity of 75 tons. With a maximum length of 35.0 m for the boom, the TK750GLB surpasses the preceding model TK750G by 5 m in lifting height and 2 m in operating radius, resulting in a 2.7 t increase in lifting capacity with the basic boom specification.
Frequently Asked Questions
How big is the Southeast Asia construction equipment market?
What is the growth rate of the Southeast Asia construction equipment market?
Who are the key players in the Southeast Asia construction equipment market?
What are the trends in the Southeast Asia construction equipment market?
Which are the major distributor companies in the Southeast Asia construction equipment market?
The Southeast Asia construction equipment market size by volume is expected to grow at a CAGR of approximately 4.69% from 2023 to 2029.
The following factors are likely to contribute to the growth of the Southeast Asia construction equipment market during the forecast period:
- Surge in Investment in the Construction Industry
- High Expenditure in Green Hydrogen Projects
- Prominent Mining Sector in the Region
Base Year: 2023
Forecast Year: 2024-2029
The report considers the present scenario of the Southeast Asia construction equipment market and its market dynamics for 2024−2029. It covers a detailed overview of several market growth enablers, restraints, and trends. The study covers both the demand and supply sides of the market. It also profiles and analyzes leading companies and several other prominent companies operating in the market.
Key Vendors
- Caterpillar
- Hitachi Construction Machinery
- Komatsu
- Liebherr
- Volvo Construction Equipment
- Kobelco
- Kubota
- Zoomlion Heavy Industry Science & Technology Co., Ltd.
- SANY
- Xuzhou Construction Machinery Group (XCMG)
- Hyundai Construction Equipment
- SUMITOMO CONSTRUCTION MACHINERY CO., LTD.
- Develon
- JCB
Other Prominent Vendors
- Yanmar
- Tadano
- Takeuchi Manufacturing
- Manitou
- Toyota Material Handling
- AUSA
- KATO WORKS CO., LTD.
- Haulotte
- MERLO S.p.A.
- Bobcat
- Terex Corporation
- LiuGong
- CNH Industrial
- Sunward Intelligent Equipment Group
- Shantui Construction Machinery Co., Ltd.
- AMMANN
Distributor Profiles
- Sia & Yeo Heavy Equipment Pte Ltd
- TIONG LEE HUAT MACHINERY & CONSTRUCTION PTE LTD
- PLS MACHINERY PTE LTD
- Ricon
- LAND EQUIPMENT PTE LTD
- Italthai Industrial
- Leadway Heavy Machinery Co., Ltd.
- Ariya Group
- Paragon Machinery
- PT Indotruck Utama
- United Tractors
- Multicrane Perkasa
- PT Airindo Sakti
- SIN LOY HENG Engineering Sdn Bhd
- UM Construction Equipment Sdn Bhd
- Topspot Heavy Equipment Inc.
- BinhLoi CO.,LTD
Segmentation by Type
- Earthmoving Equipment
- Excavator
- Backhoe Loaders
- Wheeled Loaders
- Other Earthmoving Equipment (Other loaders, Bulldozers, Trenchers)
- Road Construction Equipment
- Road Rollers
- Asphalt Pavers
- Material Handling Equipment
- Crane
- Forklift & Telescopic Handlers
- Aerial Platforms (Articulated Boom Lifts, Telescopic Boom lifts, Scissor lifts)
- Other Construction Equipment
- Dumper
- Tipper
- Concrete Mixer
- Concrete Pump Truck
- End Users
- Construction
- Mining
- Manufacturing
- Others (Power Generation, Utilities Municipal Corporations, Oil & Gas, Cargo Handling, Power Generation Plants, Waste Management)
- Region
- Indonesia
- Thailand
- Philippines
- Malaysia
- Singapore
- Rest of Southeast Asia
Graph 1 CONSTRUCTION EQUIPMENT MARKET VOLUME (UNITS)
Graph 2 CONSTRUCTION EQUIPMENT MARKET 2023 (%)
Graph 3 INCREMENTAL GROWTH BY EQUIPMENT TYPE 2023-2029 (VOLUME)
Graph 4 CONSTRUCTION EQUIPMENT MARKET BY END-USER INDUSTRIES 2023 (% SHARE)
Graph 5 SOUTHEAST ASIA CONSTRUCTION EQUIPMENT MARKET, VOLUME 2023–2029 (UNITS)
Graph 6 SOUTHEAST ASIA EARTHMOVING CONSTRUCTION EQUIPMENT MARKET 2020–2029 (UNITS)
Graph 7 SOUTHEAST ASIA EARTHMOVING CONSTRUCTION EQUIPMENT MARKET 2020–2029 ($ MN)
Graph 8 SOUTHEAST ASIA EXCAVATOR 2020–2029 (UNITS SALES)
Graph 9 SOUTHEAST ASIA EXCAVATOR MARKET 2020–2029 ($ MN)
Graph 10 SOUTHEAST ASIA BACKHOE LOADERS MARKET 2020–2029 (UNITS)
Graph 11 SOUTHEAST ASIA BACKHOE LOADERS MARKET 2020–2029 ($ MN)
Graph 12 SOUTHEAST ASIA WHEELED LOADERS MARKET 2020–2029 (UNITS)
Graph 13 SOUTHEAST ASIA WHEELED LOADERS MARKET 2020–2029 ($ MN)
Graph 14 SOUTHEAST ASIA OTHER EARTHMOVING EQUIPMENT MARKET, 2020–2029 (UNITS)
Graph 15 SOUTHEAST ASIA OTHER EARTHMOVING EQUIPMENT MARKET 2020–2029 ($ MN)
Graph 16 SOUTHEAST ASIA ROAD CONSTRUCTION EQUIPMENT MARKET 2020–2029 (UNIT)
Graph 17 SOUTHEAST ASIA ROAD CONSTRUCTION EQUIPMENT MARKET 2020–2029 ($ MN)
Graph 18 SOUTHEAST ASIA ROAD ROLLERS MARKET, 2020–2029 (UNIT SALES)
Graph 19 SOUTHEAST ASIA ROAD ROLLERS MARKET, 2020–2029 ($ MN)
Graph 20 SOUTHEAST ASIA ASPHALT PAVERS MARKET 2020–2029(UNITS)
Graph 21 SOUTHEAST ASIA ASPHALT PAVERS MARKET 2020–2029 ($ MN)
Graph 22 SOUTHEAST ASIA MATERIAL HANDLING EQUIPMENT MARKET 2020–2029 (UNIT SALES)
Graph 23 SOUTHEAST ASIA MATERIAL HANDLING EQUIPMENT MARKET 2020–2029 ($ MN)
Graph 24 SOUTHEAST ASIA CRANES MARKET, 2020–2029 (UNIT SALES)
Graph 25 SOUTHEAST ASIA CRANES MARKET 2020–2029 ($ MN)
Graph 26 SOUTHEAST ASIA FORKLIFTS AND TELESCOPIC HANDLERS MARKET 2020–2029 (UNIT SALES)
Graph 27 SOUTHEAST ASIA FORKLIFTS AND TELESCOPIC HANDLERS MARKET 2020–2029 ($ MN)
Graph 28 SOUTHEAST ASIA AERIAL PLATFORMS MARKET 2020–2029 (UNIT SALES)
Graph 29 SOUTHEAST ASIA AERIAL PLATFORMS MARKET 2020–2029 ($ MN)
Graph 30 SOUTHEAST ASIA OTHER CONSTRUCTION EQUIPMENT MARKET 2020–2029 (UNITS)
Graph 31 SOUTHEAST ASIA OTHER CONSTRUCTION EQUIPMENT MARKET 2020–2029 ($ MN)
Graph 32 SOUTHEAST ASIA DUMPERS MARKET 2020–2029 (UNITS)
Graph 33 SOUTHEAST ASIA DUMPERS MARKET 2020–2029 ($ MN)
Graph 34 SOUTHEAST ASIA TIPPERS MARKET 2020–2029 (UNIT SALES)
Graph 35 SOUTHEAST ASIA TIPPERS MARKET 2020–2029 ($ MN)
Graph 36 SOUTHEAST ASIA CONCRETE MIXERS MARKET 2020–2029(UNIT SALES)
Graph 37 SOUTHEAST ASIA CONCRETE MIXERS MARKET 2020–2029($ MN)
Graph 38 SOUTHEAST ASIA CONCRETE PUMP TRUCKS 2020–2029 (UNIT SALES)
Graph 39 SOUTHEAST ASIA CONCRETE PUMP TRUCKS 2020–2029 ($ MN)
Graph 40 SOUTHEAST ASIA CONSTRUCTION EQUIPMENT MARKET 2020–2029 (UNIT SALES)
Graph 41 SOUTHEAST ASIA CONSTRUCTION EQUIPMENT MARKET 2020–2029 ($ MN)
Graph 42 SOUTHEAST ASIA MANUFACTURING CONSTRUCTION EQUIPMENT MARKET 2020–2029 (UNIT SALES)
Graph 43 SOUTHEAST ASIA MANUFACTURING CONSTRUCTION EQUIPMENT MARKET 2020–2029 ($ MN)
Graph 44 SOUTHEAST ASIA MINING CONSTRUCTION EQUIPMENT MARKET, 2020–2029 (UNIT SALES)
Graph 45 SOUTHEAST ASIA MINING CONSTRUCTION EQUIPMENT MARKET 2020–2029 ($ MN)
Graph 46 SOUTHEAST ASIA OTHERS CONSTRUCTION EQUIPMENT MARKET 2020–2029 (UNIT SALES)
Graph 47 SOUTHEAST ASIA OTHERS CONSTRUCTION EQUIPMENT MARKET IN OTHERS 2020–2029 ($ MN)
Graph 48 INDONESIA CONSTRUCTION EQUIPMENT MARKET 2020–2029 (UNITS SALES)
Graph 49 INDONESIA EARTHMOVING CONSTRUCTION EQUIPMENT MARKET 2020–2029 (UNITS SALES)
Graph 50 INDONESIA EARTHMOVING CONSTRUCTION EQUIPMENT MARKET 2020–2029 ($ MN)
Graph 51 INDONESIA ROAD CONSTRUCTION EQUIPMENT MARKET SIZE & FORECAST 2020–2029 (UNIT SALES)
Graph 52 INDONESIA ROAD CONSTRUCTION EQUIPMENT MARKET SIZE & FORECAST 2020–2029 ($ MN)
Graph 53 INDONESIA MATERIAL HANDLING EQUIPMENT MARKET
2020–2029 (UNIT SALES)
Graph 54 INDONESIA MATERIAL HANDLING EQUIPMENT MARKET
2020–2029 ($ MN)
Graph 55 INDONESIA OTHER CONSTRUCTION EQUIPMENT MARKET
2020–2029 (UNIT SALES)
Graph 56 INDONESIA OTHER CONSTRUCTION EQUIPMENT MARKET
2020–2029 ($ MN)
Graph 57 INDONESIA CONSTRUCTION EQUIPMENT MARKET
2020–2029 (UNIT SALES)
Graph 58 INDONESIA CONSTRUCTION EQUIPMENT MARKET
2020–2029 ($ MN)
Graph 59 INDONESIA MANUFACTURING CONSTRUCTION EQUIPMENT MARKET 2020–2029 (UNIT SALES)
Graph 60 INDONESIA MANUFACTURING CONSTRUCTION EQUIPMENT MARKET 2020–2029 ($ MN)
Graph 61 INDONESIA CONSTRUCTION EQUIPMENT MARKET IN MINING 2020–2029 (UNIT SALES)
Graph 62 INDONESIA CONSTRUCTION EQUIPMENT MARKET IN MINING 2020–2029 ($ MN)
Graph 63 INDONESIA CONSTRUCTION EQUIPMENT MARKET IN OTHER END-USERS 2020–2029 (UNIT SALES)
Graph 64 INDONESIA CONSTRUCTION EQUIPMENT MARKET IN OTHER END-USERS 2020–2029 ($ MN)
Graph 65 THAILAND CONSTRUCTION EQUIPMENT MARKET 2020–2029 (UNIT SALES)
Graph 66 THAILAND EARTHMOVING CONSTRUCTION EQUIPMENT MARKET 2020–2029 ($ MN)
Graph 67 THAILAND EARTHMOVING CONSTRUCTION EQUIPMENT MARKET 2020–2029 ($ MN)
Graph 68 THAILAND ROAD CONSTRUCTION EQUIPMENT MARKET SIZE & FORECAST 2020–2029 (UNIT SALES)
Graph 69 THAILAND ROAD CONSTRUCTION EQUIPMENT MARKET SIZE & FORECAST 2020–2029 ($ MN)
Graph 70 THAILAND MATERIAL HANDLING EQUIPMENT MARKET 2020–2029 (UNIT SALES)
Graph 71 THAILAND MATERIAL HANDLING EQUIPMENT MARKET 2020–2029 ($ MN)
Graph 72 THAILAND OTHER CONSTRUCTION EQUIPMENT MARKET 2020–2029 (UNIT SALES)
Graph 73 THAILAND OTHER CONSTRUCTION EQUIPMENT MARKET 2020–2029 ($ MN)
Graph 74 THAILAND CONSTRUCTION EQUIPMENT MARKET 2020–2029 (UNIT SALES)
Graph 75 THAILAND CONSTRUCTION EQUIPMENT MARKET 2020–2029 ($ MN)
Graph 76 THAILAND MANUFACTURING CONSTRUCTION EQUIPMENT MARKET 2020–2029 (UNIT SALES)
Graph 77 THAILAND MANUFACTURING CONSTRUCTION EQUIPMENT MARKET 2020–2029 ($ MN)
Graph 78 THAILAND CONSTRUCTION EQUIPMENT MARKET IN MINING 2020–2029 (UNIT SALES)
Graph 79 THAILAND CONSTRUCTION EQUIPMENT MARKET IN MINING 2020–2029 ($ MN)
Graph 80 THAILAND CONSTRUCTION EQUIPMENT MARKET IN OTHER END-USERS 2020–2029 (UNIT SALES)
Graph 81 THAILAND CONSTRUCTION EQUIPMENT MARKET IN OTHER END-USERS 2020–2029 ($ MN)
Graph 82 PHILIPPINES CONSTRUCTION EQUIPMENT MARKET 2020–2029 (UNIT SALES)
Graph 83 PHILIPPINES EARTHMOVING CONSTRUCTION EQUIPMENT MARKET 2020–2029 (UNIT SALES)
Graph 84 PHILIPPINES EARTHMOVING CONSTRUCTION EQUIPMENT MARKET 2020–2029 ($ MN)
Graph 85 PHILIPPINES ROAD CONSTRUCTION EQUIPMENT MARKET SIZE & FORECAST 2020–2029 (UNIT SALES)
Graph 86 PHILIPPINES ROAD CONSTRUCTION EQUIPMENT MARKET SIZE & FORECAST 2020–2029 ($ MN)
Graph 87 PHILIPPINESMATERIAL HANDLING EQUIPMENT MARKET 2020–2029 (UNIT SALES)
Graph 88 PHILIPPINES MATERIAL HANDLING EQUIPMENT MARKET
2020–2029 ($ MN)
Graph 89 PHILIPPINES OTHER CONSTRUCTION EQUIPMENT MARKET
2020–2029 (UNIT SALES)
Graph 90 PHILIPPINES OTHER CONSTRUCTION EQUIPMENT MARKET
2020–2029 ($ MN)
Graph 91 PHILIPPINES CONSTRUCTION EQUIPMENT MARKET 2020–2029 (UNIT SALES)
Graph 92 PHILIPPINES CONSTRUCTION EQUIPMENT MARKET 2020–2029 ($ MN)
Graph 93 PHILIPPINES MANUFACTURING CONSTRUCTION EQUIPMENT MARKET 2020–2029 (UNIT SALES)
Graph 94 PHILIPPINES MANUFACTURING CONSTRUCTION EQUIPMENT MARKET 2020–2029 ($ MN)
Graph 95 PHILIPPINES CONSTRUCTION EQUIPMENT MARKET IN MINING 2020–2029 (UNIT SALES)
Graph 96 PHILIPPINES CONSTRUCTION EQUIPMENT MARKET IN MINING 2020–2029 ($ MN)
Graph 97 PHILIPPINES CONSTRUCTION EQUIPMENT MARKET IN OTHER END-USERS 2020–2029 (UNIT SALES)
Graph 98 PHILIPPINES CONSTRUCTION EQUIPMENT MARKET IN OTHER END-USERS 2020–2029 ($ MN)
Graph 99 MALAYSIA CONSTRUCTION EQUIPMENT MARKET 2020–2029 (UNIT SALES)
Graph 100 MALAYSIA EARTHMOVING CONSTRUCTION EQUIPMENT MARKET 2020–2029 (UNIT SALES)
Graph 101 MALAYSIA EARTHMOVING CONSTRUCTION EQUIPMENT MARKET 2020–2029 ($ MN)
Graph 102 MALAYSIA ROAD CONSTRUCTION EQUIPMENT MARKET SIZE & FORECAST 2020–2029 (UNIT SALES)
Graph 103 MALAYSIA ROAD CONSTRUCTION EQUIPMENT MARKET SIZE & FORECAST 2020–2029 ($ MN)
Graph 104 MALAYSIA MATERIAL HANDLING EQUIPMENT MARKET 2020–2029 (UNIT SALES)
Graph 105 MALAYSIA MATERIAL HANDLING EQUIPMENT MARKET 2020–2029 ($ MN)
Graph 106 MALAYSIA OTHER CONSTRUCTION EQUIPMENT MARKET 2020–2029 (UNIT SALES)
Graph 107 MALAYSIA OTHER CONSTRUCTION EQUIPMENT MARKET 2020–2029 ($ MN)
Graph 108 MALAYSIA CONSTRUCTION EQUIPMENT MARKET 2020–2029 (UNIT SALES)
Graph 109 MALAYSIA CONSTRUCTION EQUIPMENT MARKET 2020–2029 ($ MN)
Graph 110 MALAYSIA MANUFACTURING CONSTRUCTION EQUIPMENT MARKET 2020–2029 (UNIT SALES)
Graph 111 MALAYSIA MANUFACTURING CONSTRUCTION EQUIPMENT MARKET 2020–2029 ($ MN)
Graph 112 MALAYSIA CONSTRUCTION EQUIPMENT MARKET IN MINING 2020–2029 (UNIT SALES)
Graph 113 MALAYSIA CONSTRUCTION EQUIPMENT MARKET IN MINING 2020–2029 ($ MN)
Graph 114 MALAYSIA CONSTRUCTION EQUIPMENT MARKET IN OTHER END-USERS 2020–2029 (UNIT SALES)
Graph 115 MALAYSIA CONSTRUCTION EQUIPMENT MARKET IN OTHER END-USERS 2020–2029 ($ MN)
Graph 116 SINGAPORE CONSTRUCTION EQUIPMENT MARKET 2020–2029 (UNIT SALES)
Graph 117 SINGAPORE EARTHMOVING CONSTRUCTION EQUIPMENT MARKET 2020–2029 (UNITS)
Graph 118 SINGAPORE EARTHMOVING CONSTRUCTION EQUIPMENT MARKET 2020–2029 ($ MN)
Graph 119 SINGAPORE ROAD CONSTRUCTION EQUIPMENT MARKET SIZE & FORECAST 2020–2029 (UNIT SALES)
Graph 120 SINGAPORE ROAD CONSTRUCTION EQUIPMENT MARKET SIZE & FORECAST 2020–2029 ($ MN)
Graph 121 SINGAPORE MATERIAL HANDLING EQUIPMENT MARKET 2020–2029 (UNIT SALES)
Graph 122 SINGAPORE MATERIAL HANDLING EQUIPMENT MARKET 2020–2029 ($ MN)
Graph 123 SINGAPORE OTHER CONSTRUCTION EQUIPMENT MARKET2020–2029 (UNIT SALES)
Graph 124 SINGAPORE OTHER CONSTRUCTION EQUIPMENT MARKET2020–2029 ($ MN)
Graph 125 SINGAPORE CONSTRUCTION EQUIPMENT MARKET 2020–2029 (UNIT SALES)
Graph 126 SINGAPORE CONSTRUCTION EQUIPMENT MARKET 2020–2029 ($ MN)
Graph 127 SINGAPORE MANUFACTURING CONSTRUCTION EQUIPMENT MARKET 2020–2029 (UNIT SALES)
Graph 128 SINGAPORE MANUFACTURING CONSTRUCTION EQUIPMENT MARKET 2020–2029 ($ MN)
Graph 129 SINGAPORE CONSTRUCTION EQUIPMENT MARKET IN MINING 2020–2029 (UNIT SALES)
Graph 130 SINGAPORE CONSTRUCTION EQUIPMENT MARKET IN MINING 2020–2029 ($ MN)
Graph 131 SINGAPORE CONSTRUCTION EQUIPMENT MARKET IN OTHER END-USERS 2020–2029 (UNIT SALES)
Graph 132 SINGAPORE CONSTRUCTION EQUIPMENT MARKET IN OTHER END-USERS 2020–2029 ($ MN)
Graph 133 REST OF SOUTHEAST ASIA CONSTRUCTION EQUIPMENT MARKET 2020–2029 (UNIT SALES)
Graph 134 REST OF SOUTHEAST ASIA EARTHMOVING CONSTRUCTION EQUIPMENT MARKET 2020–2029 (UNIT SALES)
Graph 135 REST OF SOUTHEAST ASIA EARTHMOVING CONSTRUCTION EQUIPMENT MARKET 2020–2029 ($ MN)
Graph 136 REST OF SOUTHEAST ASIA ROAD CONSTRUCTION EQUIPMENT MARKET SIZE & FORECAST 2020–2029 (UNIT SALES)
Graph 137 REST OF SOUTHEAST ASIA ROAD CONSTRUCTION EQUIPMENT MARKET SIZE & FORECAST 2020–2029 ($ MN)
Graph 138 REST OF SOUTHEAST ASIA MATERIAL HANDLING EQUIPMENT MARKET 2020–2029 (UNIT SALES)
Graph 139 REST OF SOUTHEAST ASIA MATERIAL HANDLING EQUIPMENT MARKET 2020–2029 ($ MN)
Graph 140 REST OF SOUTHEAST ASIA OTHER CONSTRUCTION EQUIPMENT MARKET 2020–2029 (UNIT SALES)
Graph 141 REST OF SOUTHEAST ASIA OTHER CONSTRUCTION EQUIPMENT MARKET 2020–2029 ($ MN)
Graph 142 REST OF SOUTHEAST ASIA CONSTRUCTION EQUIPMENT MARKET 2020–2029 (UNIT SALES)
Graph 143 REST OF SOUTHEAST ASIA CONSTRUCTION EQUIPMENT MARKET 2020–2029 ($ MN)
Graph 144 REST OF SOUTHEAST ASIA MANUFACTURING CONSTRUCTION EQUIPMENT MARKET 2020–2029 (UNIT SALES)
Graph 145 REST OF SOUTHEAST ASIA MANUFACTURING CONSTRUCTION EQUIPMENT MARKET 2020–2029 ($ MN)
Graph 146 REST OF SOUTHEAST ASIA CONSTRUCTION EQUIPMENT MARKET IN MINING 2020–2029 (UNIT SALES)
Graph 147 REST OF SOUTHEAST ASIA CONSTRUCTION EQUIPMENT MARKET IN MINING 2020–2029 ($ MN)
Graph 148 REST OF SOUTHEAST ASIA CONSTRUCTION EQUIPMENT MARKET IN OTHER END-USERS 2020–2029 (UNIT SALES)
Graph 149 REST OF SOUTHEAST ASIA CONSTRUCTION EQUIPMENT MARKET IN OTHER END-USERS 2020–2029 ($ MN)
Graph 150 MARKET SHARE OF TOP VENDORS VS OTHERS (2022)
Graph 151 CATERPILLAR: SALES BY REGION 2022 (%)
Graph 152 CATERPILLAR: SALES BY BUSINESS SEGMENT 2022 (%)
Graph 153 HITACHI: SALES BY REGION 2022 (% SHARE)
Graph 154 HITACHI: SALES BY SEGMENT 2022 (% SHARE)
Graph 155 KOMATSU: SALES BY REGION IN 2022 (% SHARE)
Graph 156 KOMATSU: BREAKDOWN OF NET SALES BY BUSINESS SEGMENT 2022 (% SHARE)
Graph 157 LIEBHERR: SALES BY REGION 2022 (% SHARE)
Graph 158 LIEBHERR: SALES BY PRODUCT SEGMENT 2022 (% SHARE)
Graph 159 VOLVO: NET SALES BY REGION 2022 (% SHARE)
Graph 160 VOLVO: NET SALES BY SEGMENT 2022 (% SHARE)
LIST OF TABLES:
Table 1 KEY INFRASTRUCTURE PROJECTS ACROSS THE REGION
Table 2 KEY INFRASTRUCTURE PROJECTS ACROSS THE REGION
Table 3 HOUSING PRICE INDEX BY COUNTRY (Q2 2023)
Table 4 IMPORT DATA
Table 5 EXPORT DATA
Table 6 TOTAL INCREMENTAL OPPORTUNITY 2022-2029
Table 7 TOTAL INCREMENTAL OPPORTUNITY 2022-2029
1. Research Methodology
2. Research Objectives
3. Research Process
4. Introduction
4.1. Market Coverage
4.2. Report Scope
5. Market at a Glance
5.1. Market Overview
5.2. Market Snapshot
6. Executive Summary
7. Market Landscape
7.1 PESTLE Analysis
7.2 Economic Scenario
7.3 Key Projects
7.4 Market Dynamics
7.6 Import & Export Analysis
7.6 Supply Chain Analysis
8 Segmentation
8.1 By Equipment Type
8.1.1 Equipment Definition (Earthmoving)
8.1.1.1 Earthmoving Equipment (Volume & Value)
8.1.1.2 Excavators
8.1.1.3 Backhoe Loaders
8.1.1.4 Wheeled Loaders
8.1.1.5 Other Earthmoving Equipment
(Other Loaders, Bulldozers, Trenchers, etc.)
8.1.2 Equipment Definition (Road Construction)
8.1.2.1 Road Construction (Volume & Value)
8.1.2.2 Road Rollers
8.1.2.3 Asphalt Pavers
8.1.3 Equipment Definition (Material Handling)
8.1.3.1 Material Handling Equipment (Volume & Value)
8.1.3.2 Cranes
8.1.3.3 Forklifts & Telehandlers
8.1.3.4 Aerial Platforms
8.1.4 Equipment Definition (Other Equipment)
8.1.4.1 Other Equipment (Volume & Value)
8.1.4.2 Dumpers
8.1.4.3 Tippers
8.1.4.4 Concrete Mixers
8.1.4.5 Concrete Pump Trucks
8.2 By End-users
8.2.1 End-user Definition
8.2.2 Construction
8.2.3 Manufacturing
8.2.4 Mining
8.2.5 Others (Waste Management, Agriculture, Oil & Gas Extraction, Utilities & Energy, Power Generation, Disaster Management and Water Management)
9 Geographical Analysis
9.1 By Country
9.2 Indonesia
9.3 Thailand
9.4 Philippines
9.5 Malaysia
9.6 Singapore
9.7 Rest of Southeast Asia
10 Technological Development
11 Competitive Landscape
11.1 Competitive Landscape Overview
11.2 Vendors (Caterpillar| Komatsu| Hitachi Construction Machinery| SANY| XCMG| Volvo CE| Liebherr| Kobelco| Kubota| HD Hyundai Construction Equipment| Sumitomo| DEVELON| Zoomlion| Terex| LiuGong| Toyota Material Handling| Manitou| JCB| Yanmar| Takeuchi| Tadano| Kato Works Co. Ltd| AUSA| Haulotte| Merlo Spa| Bobcat| CNH Industrial| SUNWARD| Shantui | Ammann | Hidromek)
11.4 Other Prominent Vendors
11.4 Distributor Company Profiles
12 Report Summary
12.1 Key Insights
12.2 Abbreviation
12.3 Exhibits
12.4 Related Report
12.5 Database
12.6 Global Reach
12.7 Offerings
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Frequently Asked Questions
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