PUBLISHED DATE : Feb 2022 | Pages : 111
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Thailand Construction Equipment Market Research Report includes segments by
111 Pages
2 Tables
63 Charts
1 Regions
1 Countries
20 Companies
2 Market Segment
| Report Attribute | Details |
|---|---|
| MARKET SIZE (2028) | USD 2.78 BILLION |
| MARKET SIZE (2021) | USD 1.79 BILLION |
| CAGR (2022-2028) | 6.34% |
| MARKET SIZE (UNIT SHIPMENT) | 21,894 units (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), Material Handling Equipment (Forklift & Telescopic Handler, Crane, Arial Platforms (Articulated Boom Lifts, Telescopic Boom Lifts, Scissor Lifts, etc.)) |
| APPLICATION | Construction, Manufacturing, Mining, and Others |
| KEY VENDORS | Caterpillar, Komatsu, Volvo Construction Equipment, JCB, Xuzhou Construction Machinery Group Co. Ltd. (XCMG), SANY, Hyundai Construction Equipment, Kobelco, Zoomlion Heavy Industry Science & Technology Co. Ltd, Hitachi Construction machinery, LiuGong, Sumitomo Corporation Group, Kubota, Liebherr |
Thailand construction equipment market was valued at USD 1.79 billion in 2021 and is expected to reach USD 2.78 billion by 2028, growing at a CAGR of 6.22% during the forecasted period.
Thailand Construction Equipment Market by Volume (Unit Sales) 2019–2028
Frequently Asked Questions
What will be the volume reached by Thailand construction equipment market in 2028?
The volume reached by the Thailand construction equipment market in 2028 is 21,894 units.
Who are some of the key players operating in the Thailand construction equipment market?
Some key players operating in the Thailand construction equipment market are Caterpillar, Komatsu, Volvo Construction Equipment, JCB, Xuzhou Construction Machinery Group Co. Ltd. (XCMG), and SANY.
What are the opportunities for new market entrants in Thailand's construction equipment industry?
The mini excavator market has a huge opportunity for new entrants due to the shortage of laborers in the agriculture industry. Also, the demand for electronic vehicles in the country provides a huge opportunity for new vendors in the market.
The Thailand government was optimistic for 2021 and introduced various infrastructures development projects such as the development of Eastern Economic Corridors, construction of roads, and railways in the central and southern region for smoothening the transit, which will help accelerate the trade activities across the country. The Government also aims to develop 100 smart cities by 2024. This will enable sales in the heavy construction equipment market in Thailand.
Which segment accounted for the largest share in the construction equipment industry in Thailand?
Excavators in earthmoving equipment accounted for the highest share in the construction equipment industry in Thailand.
Thailand Construction equipment market is expected to have robust growth in the forecast period as the overall infrastructure outlook remains positive primarily due to the government’s investment. Also, the shortage of laborers has triggered the demand for automated and advanced technology in construction equipment. There is a surge in demand for mini excavators due to the lack of laborers in the agriculture industry and the rise in inner-city small development projects.
Base Year: 2021
Forecast Year: 2022-2028
Scope: The report considers the present scenario of the Thailand 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 Thailand construction equipment market.
Key Vendors
Distributors Profile
Market Segmentation by Moving Equipment
Market Segmentation by Application
Section1 – Introduction
• Market Snapshot
• Executive Summary
Section 2 – The Market Overview
Economic Scenario, Infrastructure Construction projects in Thailand region.
Section 3 – Thailand Construction Equipment (Type & Application)
5.1 Thailand Construction Equipment Market by Type (Volume & Value)
5.1.1. Earth Moving Equipment
5.1.2. Road Construction Equipment
5.1.3. Material Handling Equipment
5.2 Thailand Construction Equipment Market by Application (Volume & Value)
Section 4: Technology Development
Advent of Technology
Section 5: Market Dynamics
Market Drivers, Restraints, Trends, Key Economic Regions in Thailand, Advantage Thailand, FDI in Thailand, Import/Export Trend Analysis, Supply chain. COVID-19 Impact
Section 6 – Competitive Landscape
Section 7 – Report Summary
1. Key Insights
Section 8 – Report Scope & Definition
1. Research Methodology
2. Market Definition, Inclusion & Exclusion
LIST OF EXHIBITS
Graph-1: Thailand Construction Equipment Market by Volume (Unit sales) 2019–2028
Graph-2: Thailand Construction Equipment Market by Type 2021 Volume Share (%)
Graph-3: Thailand Construction Equipment Market by Volume 2019–2028 (Unit Sales)
Graph-4: Thailand Construction Equipment Market by Value 2019–2028 ($ MN)
Graph-5: Thailand Construction Equipment Market by Application 2021 (% share)
Graph-6: Thailand Construction Equipment Market by Type 2021 (% share)
Graph-7: Thailand Countries Investment by Sectors in 2019(%)
Graph-8: GDP of Thailand Value ($ BN) 2015–2020
Graph-9: Share of Infrastructure Projects in Thailand 2020
Graph-10: Thailand Construction Equipment Market by Type 2019–2028 (Unit Sales)
Graph-11: Thailand Construction Equipment Market by Type 2021 Volume Share (%)
Graph-12: Thailand Construction Equipment Market by Application 2018–2027 (Unit Sales)
Graph-13: Thailand Earthmoving Equipment 2019–2028 (Unit Sales)
Graph-14: Thailand Earthmoving Equipment 2019–2028 ($MN)
Graph-15: Thailand Excavators Market 2019–2028 (Unit Sales)
Graph-16: Thailand Excavators Market 2019–2028 ($MN)
Graph-17: Thailand Backhoe Loaders Market 2019–2028 (Unit Sales)
Graph-18: Thailand Backhoe Loaders Market 2019–2028 ($ MN)
Graph-19: Thailand Motor Graders Market 2019–2028 (Unit Sales)
Graph-20: Thailand Motor Graders Market 2019–2028 ($ MN)
Graph-21: Thailand Other Earthmoving Equipment 2019–2028 (Unit Sales)
Graph-22: Thailand Other Earthmoving Equipment 2019–2028 ($MN)
Graph-23: Thailand Road Construction Equipment Market 2019–2028 (Unit Sales)
Graph-24: Thailand Road Construction Equipment Market 2019–2028 ($MN)
Graph-25: Thailand Road Rollers Market 2019–2028 (Unit Sales)
Graph-26: Thailand Road Roller Market 2019–2028 ($MN)
Graph-27: Thailand Asphalt Pavers Market 2019–2028 (Unit Sales)
Graph-28: Thailand Asphalt Pavers Market 2019–2028 ($MN)
Graph-29: Thailand Material Handling Equipment Market 2019–2028 (Unit Sales
Graph-30: Thailand Material Handling Equipment Market 2019–2028 ($MN)
Graph-31: Thailand Forklifts & Telescopic Handlers Market 2019–2028 (Unit Sales)
Graph-32: Thailand Forklifts & Telescopic Handlers Market 2019–2028 ($MN)
Graph-33: Thailand Cranes Market 2019–2028 (Unit Sales)
Graph-34: Thailand Cranes Market 2019–2028 ($MN)
Graph-35: Thailand Aerial Platforms Market 2019–2028 (Unit Sales)
Graph-35: Thailand Aerial Platforms Market 2019–2028 ($MN)
Graph-36: Thailand Construction Equipment Market 2019–2028 (Unit Sales)
Graph-37: Thailand Construction Equipment Market 2019–2028 ($MN)
Graph-38: Thailand Manufacturing Construction Equipment Market 2019–2028 (Unit Sales)
Graph-39: Thailand Manufacturing Construction Equipment Market 2019–2028 ($ MN)
Graph-40: Thailand Mining Construction Equipment Market 2019–2028(Unit Sales)
Graph-41: Thailand Mining Construction Equipment Market 2019–2028 ($MN)
Graph-42: Thailand Construction Equipment Market by Others 2019–2028 (Unit Sales)
Graph-43: Thailand Construction Equipment Market by Others 2019–2028 ($ MN)
Graph-44: FDI Inward Flow ($BN)
Graph-45: FDI Investment in Provinces 2020 (%)
Graph-46: Import Value of Construction Equipment 2019 ($MN)
Graph-47: Export Value of Construction Equipment 2019 ($MN)
Graph-48: Caterpillar, Revenue 2018-2020 ($BN)
Graph-49: Caterpillar: Sales by Region (% share)
Graph-50: Caterpillar: Total Revenue by Segment 2020 (% share)
Graph-51: Komatsu, Net sales 2018-2020 ($BN)
Graph-52 Komatsu, Construction, Mining, and Utility Equipment Business Sales by Region 2020(%Share)
Graph-53 Komatsu: Breakdown of Net Sales by Segment 2020 (% Share)
Graph-54: Volvo: Net sales 2018–2020 ($BN)
Graph-55: Volvo: Sales by Region (% Share)
Graph-56: Volvo: Total Revenue by Segment 2020 (%)
Graph-57: Hyundai Construction Equipment: Revenue (2018–2020) ($BN)
Graph-58: Kobelco: Net Sales (2017–2020) ($BN)
Graph-59: Zoomlion: Revenue 2017–2020 ($BN)
Graph-60: Hitachi Construction Equipment: 2019–2020 ($BN)
Graph-61: Kubota: Revenue 2016-2020 ($BN)
Graph-62: Kubota: Revenue by Segment 2020 (% Share)
Graph-63: Kubota, Revenue by Regions 2020 (% share)
LIST OF TABLES:
Table-1: Sectors receiving Major FDI Investments
Table-2: Leading FDI Investing Countries 2020 (%)
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