Thailand Construction Equipment Market Size, Growth, Sales Volume, Investments & Opportunities (2026–2031)

THAILAND CONSTRUCTION EQUIPMENT MARKET SIZE

The Thailand construction equipment market size was estimated at 15.01 thousand units in 2025 and is expected to reach 17.18 thousand units by 2031, growing at a CAGR of 2.27% during the forecast period. Increased investment in transport and public infrastructure projects is expected to drive demand for construction equipment in Thailand.

Increasing urbanization and steady growth in construction activity are expected to support year-over-year expansion of the construction equipment market in Thailand. Rising investment in infrastructure, residential, commercial, and tourism-related projects is creating sustained demand for construction machinery.

Government initiatives such as the Eastern Economic Corridor (EEC) are supporting construction activity. The EEC covers three provinces in eastern Thailand and provides investment incentives to the private sector while supporting the development of transport and other public infrastructure.

KEY TAKEAWAYS

1. Equipment Type: Earthmoving equipment represented the largest segment, accounting for over 68% of the Thailand construction equipment market in 2025.
2. Earthmoving Equipment: The excavator segment accounted for the largest Thailand construction equipment market share in 2025.
3. Road Construction Equipment: The road rollers segment shows the highest growth with a CAGR of 2.32% during the forecast period.
4. Material Handling Equipment: The forklifts and telescopic handlers segment accounted for the largest share in 2025.
5. Other Construction Equipment: In 2025, the concrete mixers and pump trucks segment accounted for the largest share of the Thailand other construction equipment market.
6. End Users: The construction segment dominated the Thailand construction equipment market in 2025.

RECENT DEVELOPMENT IN THAILAND CONSTRUCTION EQUIPMENT MARKET

1. In June 2025, the Thai government announced plans to resume the High-Speed Rail Linking Three Airports project, connecting Don Mueang, Suvarnabhumi, and U-Tapao airports. The project had previously been delayed due to the COVID-19 pandemic.
2. In April 2026, Volvo CE and CHAB delivered the first New Generation SD120 soil compactor in Thailand. The development expands Volvo's Thai product presence beyond excavators into road construction and compaction equipment.
3. In June 2026, Hitachi Construction Machinery and Pronto signed an MoU to develop open, OEM-agnostic mine automation solutions. The approach is designed to allow mines to automate existing mixed fleets rather than relying on a single equipment ecosystem.

THAILAND CONSTRUCTION EQUIPMENT MARKET TRENDS

Rising Demand for Electric Construction Equipment

Thailand is witnessing a gradual shift toward electric and low-emission construction equipment as contractors and industrial customers seek to reduce fuel consumption, emissions, noise, and operating costs. In July 2025, XCMG signed a procurement agreement worth over RMB 100 million with Thailand’s O.C.R. Company, covering electric mining trucks and new-energy loaders. XCMG further showcased electric equipment at the Thailand–China Cooperation Expo in September 2025. In 2026, Zoomlion introduced its Green Power range, while SANY delivered 40 electric wheel loaders and received an additional order for 50 units, indicating growing commercial adoption across industrial applications.

Growing Adoption of Rental and Used Construction Equipment

Thailand’s construction equipment market is witnessing increased interest in rental and used machinery as contractors seek to control capital expenditure amid rising equipment prices and uncertain project demand. Established rental companies such as Aktio Thailand provide access to diverse equipment fleets, with Aktio purchasing 13 Volvo EW145B Prime excavators in 2025 to strengthen its rental operations. Meanwhile, a 2025 UTCC study highlighted growing interest in second-hand excavators among contractors and agricultural operators facing financial constraints. These trends support demand for affordable, flexible equipment solutions, particularly excavators, loaders, cranes and road-construction machinery.

THAILAND CONSTRUCTION EQUIPMENT MARKET DRIVERS

Surge In Transport Infrastructure Projects

Thailand’s Ministry of Transport is preparing 20 priority infrastructure projects worth over $ 41 billion for 2026, with most expected to use public-private partnerships (PPPs) to reduce the government’s direct investment burden and accelerate development. Major projects include the USD 29.41 billion Land Bridge, Suvarnabhumi and Don Mueang airport expansions, and the southern double-track railway. These investments are expected to support demand for excavators, cranes, loaders, graders, rollers, and other heavy machinery required for earthmoving, road construction, railway development, and airport infrastructure, strengthening construction equipment demand across Thailand.

EEC Infrastructure Investment Drives Construction Equipment Demand

Thailand’s Eastern Economic Corridor continues to support construction equipment demand through major airport, port, railway, highway, and industrial infrastructure projects. In 2025, U-Tapao International Airport’s second-runway construction contract was signed, while Laem Chabang Port Phase 3 advanced land reclamation and machinery procurement. The approximately USD 8.1 billion high-speed rail project linking three airports also represents a significant infrastructure opportunity. These developments are expected to drive demand for excavators, loaders, bulldozers, cranes, graders, rollers, and concrete equipment, supporting equipment procurement and fleet expansion across Thailand during 2026.

MARKET RESTRAINTS

Rising Construction Material Prices

Increasing construction material prices are raising project costs and potentially limiting construction equipment demand in Thailand during 2026. According to NESDC, the Construction Material Price Index rose 1.0% year-on-year in Q1 2026, marking its seventh consecutive quarterly increase. Cement, electrical and plumbing equipment, and concrete product prices increased by 4.7%, 2.7%, and 1.4%, respectively. Prices reportedly accelerated further during January–May 2026. Higher construction costs may constrain contractors’ budgets, delay new machinery purchases, extend equipment replacement cycles, and encourage greater reliance on rental and used equipment, particularly among smaller private-sector contractors.

Weak Residential Construction & Declining Building Permits

Thailand’s residential construction market remained subdued in 2025 as developers faced slower economic growth, high household debt, and elevated unsold housing inventory. Developers increasingly prioritized selling completed properties over launching new projects, reducing demand for excavators, backhoe loaders, cranes, and concrete equipment. According to REIC data, residential land allocation permits declined 45.7% year-on-year in Q1 2026, while housing construction permits fell 50.2%. Permits for detached houses and condominiums decreased 45.5% and 71.3%, respectively. This slowdown may constrain new equipment purchases and encourage contractors to extend machinery lifecycles or use rentals and used equipment.

THAILAND CONSTRUCTION EQUIPMENT MARKET SEGMENTATION INSIGHTS

INSIGHTS BY EQUIPMENT TYPE

The Thailand construction equipment market by earthmoving equipment is segmented into earthmoving equipment, road construction equipment, material handling & lifting equipment, and other construction equipment. Earthmoving equipment represented the largest segment, accounting for over 68% of the Thailand construction equipment market in 2025. These machines are essential for excavation, foundation preparation, landscaping, material handling, demolition, and mining activities, creating consistent demand across construction and infrastructure projects. Manufacturers, equipment dealers, and rental service providers should look into this segment to capitalize on the growing need for excavators, loaders, and other earthmoving machinery. Most of this equipment relies on hydraulic drives for movement and operation, creating additional opportunities for suppliers of hydraulic systems and related components.

Growing investments in infrastructure development projects in Thailand are expected to support demand for earthmoving equipment. Companies should target infrastructure contractors and project developers to expand equipment sales and rental opportunities as construction activity increases across the country.

INSIGHTS BY EARTHMOVING EQUIPMENT

Based on earthmoving equipment, the excavator segment accounted for the largest Thailand construction equipment market share in 2025. Crawler excavators represent nearly 90% of total excavator sales in Thailand, driven by their superior stability, traction, and ability to operate on sandy surfaces. Equipment manufacturers, dealers, and rental providers should look into this segment to capitalize on demand for crawler excavators across construction and infrastructure projects. Companies offering durable equipment suited to local ground conditions can target contractors seeking reliable machinery for excavation and site preparation.

In June 2025, the Thai government approved an economic stimulus project under a budget framework of $4.8 billion, including $308 million allocated to tourism sector improvements and development. Planned investments in tourist attractions and sports stadiums create opportunities for excavator suppliers to target contractors involved in site preparation, construction, and infrastructure upgrades. Equipment vendors should explore these projects to expand sales and rental opportunities as tourism-related development progresses.

INSIGHTS BY ROAD CONSTRUCTION EQUIPMENT

Based on road construction equipment, the road rollers segment shows the highest growth with a CAGR of 2.32% during the forecast period. Demand for road rollers in Thailand is expected to increase in 2026, supported by rising investments in road construction and infrastructure expansion. Equipment manufacturers, dealers, and rental providers should look into this segment to capitalize on upcoming road projects and growing demand for compaction equipment. Companies offering reliable, fuel-efficient road rollers can target contractors seeking to improve construction productivity and meet project requirements.

Thailand is also witnessing the development and expansion of several road and bridge projects. Major initiatives include the Land Bridge project, which aims to connect the Gulf of Thailand and the Andaman Sea, and the fifth Thai-Lao Friendship Bridge, which was expected to open in December 2025, connecting Bueng Kan in Thailand with Bolikhamxay in Laos. These infrastructure developments create opportunities for road roller suppliers to target contractors involved in road preparation, pavement construction, and related infrastructure works.

INSIGHTS BY MATERIAL HANDLING EQUIPMENT

Based on material handling equipment, the forklifts and telescopic handlers segment accounted for the largest share of the Thailand construction equipment market in 2025. The forklift market is expected to grow steadily in 2026 and maintain this trend throughout the forecast period. Equipment manufacturers, dealers, and rental providers should look into this segment to capitalize on rising demand from warehousing, port operations, and logistics facilities. Thailand's reliance on imported goods and its position as a regional logistics hub are increasing the need for efficient material handling equipment, creating opportunities for companies offering forklifts and telescopic handlers to expand their presence across the market.

INSIGHTS BY OTHER CONSTRUCTION EQUIPMENT

In 2025, the concrete mixers and pump trucks segment accounted for the largest share of the Thailand other construction equipment market. Government investments in real estate, commercial buildings, and infrastructure development are driving demand for concrete mixers and related equipment. Manufacturers, dealers, and rental providers should look into this segment to capitalize on upcoming construction projects and growing demand for concrete handling solutions. Companies offering reliable and high-capacity equipment can target contractors and developers seeking to improve productivity across large-scale construction sites.

In March 2025, Central Pattana (CPN) announced plans to invest over $3.7 billion between 2025 and 2029 in new mega projects and developments across Thailand, including major projects such as Central Park. These investments create opportunities for equipment suppliers to target construction contractors involved in commercial and real estate developments and expand their sales and rental business.

INSIGHTS BY END-USER

Based on end-users, the construction segment dominated the Thailand construction equipment market in 2025. Thailand's construction industry continues to play a key role in the country's economic development, with rising urbanization and a growing middle class driving demand for residential and commercial properties. Construction equipment manufacturers, dealers, and rental providers should look into this segment to capitalize on demand from building contractors, property developers, and infrastructure companies. Businesses offering excavators, loaders, cranes, and concrete equipment can target projects across residential, commercial, and infrastructure construction.

Private residential and commercial construction is expected to grow by 3% to 3.5% during 2024–2026, supported by improving economic conditions, stronger consumer spending power, and progress on government infrastructure projects. Equipment suppliers should explore opportunities to serve contractors and developers involved in upcoming projects and strengthen their presence in Thailand's construction market.

THAILAND CONSTRUCTION EQUIPMENT MARKET GEOGRAPHICAL ANALYSIS

NORTHERN REGION

Northern Thailand, particularly Chiang Mai province, presents opportunities for construction equipment suppliers as infrastructure development continues across the region. The proposed Bangkok–Phitsanulok–Chiang Mai high-speed rail project aims to reduce travel time between Bangkok and Chiang Mai, supporting tourism and trade, with completion currently projected for 2030. Equipment manufacturers, dealers, and rental providers should look into this region to target contractors involved in rail infrastructure, site preparation, and related construction activities.

Additionally, Airports of Thailand Plc (AOT) launched a 10-year development project for Chiang Mai International Airport in 2023, aiming to increase its capacity to serve 20 million passengers annually by 2033. These transport infrastructure plans create opportunities for construction equipment companies to target airport expansion, civil engineering, and supporting infrastructure projects across Northern Thailand.

CENTRAL REGION

The Central Region of Thailand, comprising 26 provinces and the capital city of Bangkok, presents significant opportunities for construction equipment suppliers due to ongoing infrastructure development. In March 2025, the Board of Investment (BOI) announced projects worth $5.9 billion for metro and digital infrastructure, including $3.3 billion allocated to the Orange Line metro expansion connecting Bang Khunnon to Min Buri. Construction equipment manufacturers, dealers, and rental providers should look into this region to target contractors involved in metro construction, excavation, site preparation, and infrastructure development. These investments create opportunities for suppliers of excavators, cranes, concrete equipment, and other machinery required for large-scale urban infrastructure projects.

THAILAND CONSTRUCTION EQUIPMENT MARKET COMPETITIVE LANDSCAPE

Caterpillar, Komatsu, Volvo CE, Hitachi Construction Machinery and SANY are the front runners in the country’s construction equipment market. These companies have strong market share and offer diverse sets of equipment in the Thailand market.

In 2023, CNH Industrial appointed Yoma Asia Company Limited as the authorized distributor in Thailand for CASE Construction Equipment.

In 2024, Zoomlion celebrated the grand opening of its eighth service center in Phitsanulok, Thailand, marking a significant step in the company's strategy to strengthen its market presence and provide high-quality, efficient services to local customers.

In July 2024, Zoomlion delivered 246 aerial working platforms, including scissor and boom lifts, with models such as ZS1012HA, ZS1212HA, ZA14J, and ZA22J-V to a customer in Thailand.

In 2023, Chinese construction machinery manufacturer LiuGong Machinery stated that it has planned to build three new factories and three machine assembly facilities in the Asia-Pacific region. The specific countries for these developments are yet to be finalized, but Thailand is being considered as one of the potential locations for these facilities.