SOUTHEAST ASIA CONSTRUCTION EQUIPMENT MARKET SIZE WILL BE VALUED AT USD 10.7 BILLION AND TO REACH A VOLUME OF 85,678 UNITS BY 2028, GROWING AT A COMPOUND ANNUAL GROWTH RATE (CAGR) OF 6.37% 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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122 Pages

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21 Tables

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93 Charts

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1 Regions

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6 Countries

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17 Companies

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3 Market Segment

SOUTHEAST ASIA CONSTRUCTION EQUIPMENT MARKET SCOPE

Report Attribute Details
MARKET SIZE (REVENUE) USD 10.7 BILLION (2028)
MARKET SIZE (UNIT SHIPMENT) 85,678 units (2028)
CAGR (VOLUME) 6.37% (2022-2028)
HISTORIC YEAR 2019-2020
BASE YEAR 2021
FORECAST YEAR 2022-2028
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 10.7 billion by 2028, growing at a CAGR of 6% during 2022-2028.
  • 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 (MCP)

Frequently Asked Questions

What is the size of the Southeast Asia construction equipment market?

Southeast Asia construction equipment market size will be valued at USD 10.7 billion and to reach a volume of 85,678 units by 2028

What are the latest technologies in the Southeast Asia construction machinery industry?

2d-Grade Control Technology, Ai-Based Excavators, Smart Crane, and Telematics+ IOT are some latest technologies in the Southeast Asia construction machinery market

Who are the key players in the South East Asia construction equipment industry?

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

What are the factors driving the growth of the Southeast Asia construction equipment market?

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.

What are the different types of construction equipment covered in the report?

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 2022−2028. 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 (MCP)

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

Section 1 – Introduction
• Market Snapshot
• Executive Summary

Section 2 – The Market Overview

Economic Scenario, Foreign Direct Investment, Key Countries and Major Projects in Southeast Asia

Section 3 – Market Landscape

3.1 South-east Asia Construction Equipment Market by Type (Volume & Value)
 3.1.1. Earth Moving Equipment

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

 3.1.2. Road Construction Equipment

  1. Asphalt Paver
  2. Road Roller

3.1.3.  Material Handling Equipment

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

3.2 South-east Asia Construction Equipment Market by Application (Volume & Value)

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

3.3 South-east Asia Construction Equipment Market by Countries  (Volume & Value)

  1. Indonesia
  2. Thailand
  3. Malaysia
  4. Philippines
  5. Singapore
  6. Other Southeast Asian Countries

Section 4- Technological Developments
• Advent of New Technology

Section 5- Market Dynamics
• Market Drivers, Restraints, Trends, Import/Export Trend Analysis, Supply Chain, COVID-19 Impact

Section 6 – Competitive Landscape

  1. Competitive Landscape Overview
  2. Major Vendors (Caterpillar, Komatsu, Liebherr, Hyundai Construction Equipment, Volvo Construction Equipment, JCB, XCMG, SANY Group, Volvo, Hitachi Construction Machinery, LiuGong, Sumitomo)
  3. Other Prominent vendors
  4. Distributors Profile

Section 7 – Quantitative Summary

  • Quantitative Summary

Section 8 – Report Summary

  • Key Insights
  • Abbreviations

Section 9 – Report Scope & Definition

  1. Research Methodology
  2. Research Objective
  3. Market Definition, Inclusion & Exclusion

List of Exhibits

Exhibit 1   Southeast Asia Construction Equipment Market by Volume 2019–2028 (Unit Sales)

Exhibit 2    Southeast Asia Construction Equipment Market by Countries Volume 2020 (Unit Sales)

Exhibit 3     Southeast Asia Construction Equipment Market by Volume 2019–2028 (Unit Sales)

Exhibit 4      Southeast Asia Construction Equipment Market by Value 2019–2028 ($ MN)

Exhibit 5    Southeast Asia Construction Equipment Market by End-users 2021 (% share)

Exhibit 6    Southeast Asia Construction Equipment Market by Type 2021 (% share)

Exhibit 7     GDP Growth of Key Southeast Asian Countries 2021 (%)

Exhibit 8     GDP of Key Southeast Asia Countries 2015–2020 ($ BN)

Exhibit 9    Share of Infrastructure Projects in Indonesia 2020 (%)

Exhibit 10 Value of Infrastructure Projects by Sectors in Thailand ($ MN)

Exhibit 11   Value of Infrastructure Projects by Sector in Malaysia ($ BN)

Exhibit 12  Number of Infrastructure Projects in Philippines, By Region, 2020

Exhibit 13 Share of Infrastructure Projects in Singapore 2020 (%)

Exhibit 14   Vietnam Government Investment in Different Sectors 2020 ($ MN)

Exhibit 15   Industry-wise FDI Inflow by Countries 2020 (%)

Exhibit 16   Industry-wise FDI Investments in Southeast Asia 2019(%)

Exhibit 17   Major Investment Countries in Southeast Asia 2020 (%)

Exhibit 18   Number of Infrastructure Projects in Indonesia by Provinces 2020 (% Share)

Exhibit 19   Southeast Asia Construction Equipment Market by Type 2019–2028 (Unit Sales)

Exhibit 20   Southeast Asia Construction Equipment Market by End-user 2019–2028 (Unit Sales)

Exhibit 21 Southeast Asia Construction Equipment Market by Countries 2019–2028 (Unit Sales)

Exhibit 22  Southeast Asia Earthmoving Equipment Market 2019–2028 (Unit Sales)

Exhibit 23   Southeast Asia Earthmoving Equipment Market 2019–2028 ($ MN)

Exhibit 24   Southeast Asia Excavators Market 2019–2028 (Unit Sales)

Exhibit 25  Southeast Asia Excavators Market 2019–2028 ($ MN)

Exhibit 26  Southeast Asia Backhoe Loaders Market 2019–2028 (Unit Sales)

Exhibit 27  Southeast Asia Backhoe Loaders Market 2019–2028 ($ MN)

Exhibit 28  Southeast Asia Motor Graders Market 2019–2028 (Unit Sales)

Exhibit 29  Southeast Asia Motor Graders Market 2019–2028 ($ MN)

Exhibit 30  South-east Asia Other Earth Moving Equipment Market 2019–2028 (Unit Sales)

Exhibit 31   South-east Asia Other Earth Moving Equipment Market 2019–2028 ($ MN)

Exhibit 32   Southeast Asia Material Handling Equipment Market 2019–2028 (Unit Sales)

Exhibit 33   Southeast Asia Material Handling Equipment Market 2019–2028 ($ MN)

Exhibit 34   Southeast Asia Cranes Market 2019–2028 (Unit Sales)

Exhibit 35   Southeast Asia Cranes Market 2019–2028 ($ MN)

Exhibit 36   Southeast Asia Forklifts & Telescopic Handlers Market 2019–2028 (Unit Sales)

Exhibit 37   Southeast Asia Forklifts & Telescopic Handlers Market 2019–2028 ($ MN)

Exhibit 38   Southeast Asia Aerial Platforms Market 2019–2028 (Unit Sales)

Exhibit 39   Southeast Asia Aerial Platforms Market 2019–2028 ($ MN)

Exhibit 40   Southeast Asia Road Construction Equipment Market 2019–2028 (Unit Sales)

Exhibit 41   Southeast Asia Road Construction Equipment Market 2019–2028 ($ MN)

Exhibit 42  South-east Asia Asphalt Paver Market 2019–2028 (Unit Sales)

Exhibit 43  South-east Asia Asphalt Paver Market 2019–2028 ($ MN)

Exhibit 44   Southeast Asia Road Rollers Market 2019–2028 (Unit Sales)

Exhibit 45   Southeast Asia Road Rollers Market 2019–2028 ($ MN)

Exhibit 46   Southeast Asia Construction Equipment Market 2019–2028 (Unit Sales)

Exhibit 47   Southeast Asia Construction Equipment 2019–2028 ($ MN)

Exhibit 48   Southeast Asia Mining Construction Equipment Market 2019–2028 (Unit Sales)

Exhibit 49   Southeast Asia Mining Construction Equipment Market 2019–2028 ($ MN)

Exhibit 50  South-east Asia Construction Equipment Market by Manufacturing 2019–2028 (Unit Sales)

Exhibit 51   South-east Asia Construction Equipment Market by Manufacturing 2019–2028 ($ MN)

Exhibit 52  Others Southeast Asia Construction Equipment Market 2019–2028 (Unit Sales)

Exhibit 53   Other Southeast Asia Construction Equipment Market 2019–2028 ($ MN)

Exhibit 54   Indonesia Construction Equipment Market 2019–2028 (Unit Sales)

Exhibit 55   Indonesia Construction Equipment Market 2019–2028 ($ MN)

Exhibit 56   Thailand Construction Equipment Market 2019–2028 (Unit Sales)

Exhibit 57   Thailand Construction Equipment Market 2019–2028 ($ MN)

Exhibit 58  Philippines Construction Equipment Market 2019–2028 (Unit Sales)

Exhibit 59   Philippines Construction Equipment Market 2019–2028 ($ MN)

Exhibit 60   Malaysia Construction Equipment Market 2019–2028 (Unit Sales)

Exhibit 61   Malaysia Construction Equipment Market 2019–2028 ($ MN)

Exhibit 62   Singapore Construction Equipment Market 2019–2028 (Unit Sales)

Exhibit 63  Singapore Construction Equipment Market 2019–2028 ($ MN)

Exhibit 64  Other Southeast Asia Countries Construction Equipment Market 2019–2028 (Unit Sales)

Exhibit 65   Other Southeast Asia Countries Construction Equipment Market 2019–2028 ($ MN)

Exhibit 66   Urbanization in Southeast Asian Countries (% of total countries population)

Exhibit 67  Singapore Solar Energy Generation Output (MWp) 2019 vs 2020

Exhibit 68   Population Aged 65 Years and Above (% of total population)

Exhibit 69  Import Value of Construction Equipment 2017–2020 ($ MN)

Exhibit 70   Export Value of Construction Equipment 2017–2020 ($ MN)

Exhibit 71   Caterpillar: Total Revenue ($ BN) 2018–2020

Exhibit 72  Caterpillar: Sales by Region (% Share)

Exhibit 73   Caterpillar: Total Revenue by Segment 2020 (% share)

Exhibit 74  Komatsu: Total Revenue ($ BN) 2018–2020

Exhibit 75  Komatsu: Sales by Region (% Share)

Exhibit 76   Komatsu: Total Revenue by Segment 2020 (% share)

Exhibit 77  Hitachi: Total Revenue ($ MN) 2018–2020

Exhibit 78   Hitachi: Sales by Region (% Share)

Exhibit 79  Hitachi: Total Revenue by Segment 2020 ($ MN)

Exhibit 80 Kobelco: Net Sales ($ BN) 2018–2020

Exhibit 81 Kobelco: Sales by Region (% Share)

Exhibit 82 Kobelco: Net Sales by Segment 2020 ($ BN)

Exhibit 83  Volvo: Net Sales ($ BN) 2017–2020

Exhibit 84 Volvo: Sales by Region (% Share)

Exhibit 85  Volvo: Net Sales by Segment 2020 (% Share)

Exhibit 86  Kubota: Total Revenue ($ BN) 2017-2020

Exhibit 87 Kubota: Sales by Region 2020 (% Share)

Exhibit 88  Kubota: Total Revenue by Segment 2020 ($ BN)

Exhibit 89  Liebherr: Total Revenue ($ MN) 2017-2020

Exhibit 90  Liebherr: Sales by Region (% Share)

Exhibit 91   Liebherr: Sales by Segment 2020 ($ MN)

Exhibit 92  Sumitomo: Total Revenue ($ BN) 2018–2020

Exhibit 93 Sumitomo: Gross Profit by Segment 2020 ($ MN)

 

List of Tables

      Table 1 Major Projects in Pipeline, Indonesia

      Table 2 Major Projects in Pipeline, Vietnam

      Table 3 Major Projects in Pipeline, Malaysia

      Table 4 By Type: Total Incremental Opportunities, 2021–2028

      Table 5 By End-users: Total Incremental Opportunities, 2020–2028

      Table 6 By Countries: Total Incremental Opportunities, 2020–2028

      Table 7 Southeast Asia Construction Equipment Market by Volume 2019–2028

      Table 8 Southeast Asia Construction Equipment by Type 2019–2018

      Table 9 Southeast Asia Earthmoving Equipment Market Size & Forecast by Type (Volume, Units)

      Table 10 Southeast Asia Road Construction Equipment Market Size & Forecast by Type (Volume, Units)

      Table 11 Southeast Asia Material Handling Equipment Market Size & Forecast by Type (Volume, Units)

      Table 12 Southeast Asia Construction Equipment Market Size & Forecast by End-user (Units)

     Table 13 Southeast Asia Earthmoving Equipment Market Size & Forecast by Countries (Volume, Units)

     Table 14 Southeast Asia Construction Equipment Market by Value 2019–2028

     Table 15 Southeast Asia Construction Equipment by Type 2019–2018

     Table 16 Southeast Asia Earthmoving Equipment Market Size & Forecast by Type (Value, $ MN)

     Table 17 Southeast Asia Road Construction Equipment Market Size & Forecast by Type (Value, $ MN)

     Table 18 Southeast Asia Material Handling Equipment Market Size & Forecast by Type (Value, $ MN)

     Table 19 Southeast Asia Construction Equipment Market Size & Forecast by End-user

     Table 20 Southeast Asia Earthmoving Equipment Market Size & Forecast by Countries (Value, $ MN)

     Table 21 Abbreviations

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