THAILAND CRAWLER EXCAVATOR MARKET SIZE WILL BE VALUED AT USD 324.4 MILLION AND TO REACH VOLUME OF 6949 UNITS BY 2027, GROWING AT A COMPOUND ANNUAL GROWTH RATE (CAGR) OF 7.01% BY VOLUME DURING THE PERIOD 2021-2027

The Thailand Crawler Excavator Market Research Report includes by Excavator Type and Operating Weight ((Mini (less than 6 tons), Small (6-25 tons), Medium (25-40 tons), and Large (>40 tons)), Application (Mining, Construction, Agriculture, Forestry, and Others), and Gross Power Output (<60 HP, 61-101 HP, 102-200 HP, and >201 HP).

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72 Pages

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12 Tables

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13 Charts

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1 Regions

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1 Countries

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15 Companies

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3 Market Segment

THAILAND CRAWLER EXCAVATOR MARKET REPORT SCOPE

Report Attribute Details
MARKET SIZE (VALUE) USD 324.4 MILLION (2027)
MARKET SIZE (VOLUME) 6949 UNIT SALES (2027)
CAGR 7.01% (2021-2027)
Base Year 2020
Historic Year 2018-2019
Forecast Year 2021-2027
EXCAVATOR TYPE AND OPERATING WEIGHT Mini (less than 6 tons), Small (6-25 tons), Medium (25-40 tons), and Large (above 40 tons)
APPLICATION Mining, Construction, Agriculture, Forestry, and Others
KEY VENDORS Caterpillar, Komatsu, Hitachi Construction Machinery, JCB, Hyundai Construction Equipment (HCE), SANY, Doosan Excavator, Volvo Construction Equipment, and Kobelco

THAILAND CRAWLER EXCAVATOR MARKET INSIGHTS

  • Increasing investment in road construction, housing projects, and Smart Cities projects is expected to spike medium excavators' demand.
  • Excavators used in the construction industry accounted for the largest share of around 42% due to huge government expenditure on the construction project.
  • Thailand's crawler excavator market demand is majorly driven by mining activities expected to show significant growth across the country.
  • Caterpillar strategizes to deliver high-quality power systems and machines by focusing on implementing defect-free initiatives in the country.
  • Due to the high procurement and maintenance cost of excavators, rentals are preferred by the contractors; thus, the rental segment will rise eventually. 

THAILAND CRAWLER EXCAVATOR MARKET - SEGMENTAL ANALYSIS

  • OEMs are majorly focusing on medium crawler excavators as this range is witnessing major demand in the recent past, and it is further expected to boost during the forecast period.
  • Thailand crawler excavator market revenue by agriculture is expected to reach USD 76.3 million by 2027, growing at a CAGR of 6.43%.
  • With the emergence of remote operation of excavators deep down in mines and the advent of 5G technology, the demand for excavators used in mining is expected to boost as it is comparatively safer to operate excavators from a distance.
  • Thailand’s mini crawler excavator market is expected to reach 2,990 units by 2027, growing at a CAGR of 6.47%. 

 KEY HIGHLIGHTS FROM THE REPORT

  • Manufacturers are making operational advances in their excavator motors, hydraulic systems, structure, tracks, and cab construction to improve their telematics fuel efficiency and competitiveness.
  • Thailand is the preferred investment location due to its excellent digital infrastructure, highly skilled labour force, and high quality of living, boosting the growth of the crawler excavator market.
  • The crawler excavator market moves towards an innovative industry by switching to intelligent systems driven by IoT and data analysis for service, networking, and sustainability.

 THAILAND CRAWLER EXCAVATOR MARKET - VENDOR LANDSCAPE

Caterpillar, Komatsu, Hitachi Construction Machinery, JCB, Hyundai Construction Equipment (HCE), SANY, Doosan Excavator, Volvo Construction Equipment, and Kobelco are the major vendor in the Thailand crawler excavator market. Komatsu is strategizing to set up manufacturing units in those countries where its products are sold. The company can establish a global network of production and sales in the market. Due to intense competition in technology and design, excavator makers are marketing their devices vigorously, focused on technologically innovative features and a wide variety of attachments.

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)
    • Excavator Type and Operating Weight
    • Application
    • Gross Power Output
  • Value (USD)                                        
    • Excavator Type and Operating Weight
    • Application
    • Gross Power Output
  • Gain competitive intelligence about the economic scenario, advantages in Thailand, major projects and investments, market dynamics, and market share
  • Examples of 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 Thailand crawler excavator market share
  • Complete supply chain analysis
  • Get COVID-19 impact analysis of the market
  • Company Profile of 15 major vendors

KEY VENDORS

Key Vendors: Caterpillar, Komatsu, Hitachi Construction Machinery, JCB, Hyundai Construction Equipment (HCE), SANY, Doosan Excavator, Volvo Construction Equipment, and Kobelco

Other Prominent Vendors: Sumitomo Construction Machinery, Xuzhou Construction Machinery Group Co., Ltd. (XCMG), Leeboy, Kubota Machinery, Ingersoll Rand, and Liebherr Group

Frequently Asked Questions

What is the market size of the Thailand crawler excavator market during 2021-2027?

The Thailand crawler excavator market to reach USD 324.4 million during 2021 -2027.

What is the unit volume of the Thailand crawler excavator market in 2027?

The value of the Thailand crawler excavator market by volume is expected to reach 6949 units by 2027.

Who are the top players in the Thailand crawler excavator market?

Caterpillar, Komatsu, Hitachi Construction Machinery, JCB, Hyundai Construction Equipment (HCE), SANY, Doosan Excavator, Volvo Construction Equipment, and Kobelco are the top players in the market.

Which segment accounted for the largest crawler excavator market share?

Thailand’s mini crawler excavator segment is expected to reach 2,990 units by 2027.

What is the growth of Thailand’s crawler excavator market?

Thailand crawler excavator market by volume is expected to grow at a CAGR of 7.01%.

What are the favourable government regulations enabling crawler excavator market growth in Thailand?

Excavators used in the construction industry accounted for the largest market share of around 42% pertaining to huge government expenditure on construction projects.

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The demand in the Thailand crawler excavators market fell by 18% in 2020, but unit sales are projected to recover to pre-covid levels by 2023, assuming geopolitical stability. Public investment is projected to remain a key driver in the Thailand market, increasing over the next few years, in line with the government’s infrastructure plans to attract private investment.

BASE YEAR: 2020

FORECAST YEAR: 2021-2027

Scope: The report considers the present scenario of the Thailand crawler excavator market and its 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 segment analysis of the Thailand crawler excavator market.

Major Vendors

  • Caterpillar
  • Komatsu
  • Hitachi Construction Machinery
  • JCB
  • Hyundai Construction Equipment (HCE)
  • SANY
  • Doosan Excavator
  • Volvo Construction Equipment
  • Kobelco

Other Prominent Vendors

  • Sumitomo Construction Machinery
  • Xuzhou Construction Machinery Group Co., Ltd. (XCMG)
  • Leeboy
  • Kubota Machinery
  • Ingersoll Rand
  • Liebherr Group

 Segmentation by Excavator Type and Operating Weight

  • Mini (less than 6)
  • Small (6-25 tons)
  • Medium (25-40 tons)
  • Large (above 40 tons)

 Segmentation by Application

  • Mining
  • Construction
  • Agriculture
  • Forestry
  • Others

 Segmentation by Gross Power Output

  • Less than 60 HP
  • 61-101 HP
  • 102-200 HP
  • Greater than 201 HP

Section 1 – Introduction
• Market Snapshot
• Executive Summary

Section 2 – The Market Overview
• Economic Scenario, Advantage Thailand, Equipment Financing

Section 3- Technological Advances
• Technology Adoption by Major Vendors with Examples

Section 4 Market Dynamics
• Market Drivers, Restraints, Trends

Section 5 – Thailand Crawler Excavator Market (Type & Operating Weight)
1. Thailand Crawler Excavator Market by Excavator Market by Type (Operating Weight)
Mini Crawler Excavator, Market Size and Forecast, Volume & Value, 2018-2027
Small Crawler Excavator, Market Size and Forecast, Volume & Value, 2018-2027
Medium Crawler Excavator, Market Size and Forecast, Volume & Value, 2018-2027
Large Crawler Excavator, Market Size and Forecast, Volume & Value, 2018-2027
2. Thailand Crawler Excavator Market by Excavator Market by Application
Crawler Excavator, Construction, Market Size and Forecast, Volume & Value, 2018-2027
Crawler Excavator, Mining, Market Size and Forecast, Volume & Value, 2018-2027
Crawler Excavator, Agriculture, Market Size and Forecast, Volume & Value, 2018-2027
Crawler Excavator, Forestry, Market Size and Forecast, Volume & Value, 2018-2027
Crawler Excavator, Others, Market Size and Forecast, Volume & Value, 2018-2027
3. Thailand Crawler Excavator Market by Excavator Market by Gross Power
Crawler Excavator Market by Gross Power Output, Crawler Excavator Market by Gross Power Output, 61 hp-101 hp, Volume & Value, 2018-2027
Crawler Excavator Market by Gross Power Output, 102 hp-200 hp, Volume & Value, 2018-2027
Crawler Excavator Market by Gross Power Output, >201 hp, Volume & Value, 2018-2027

Section 6 – Market Landscape
1. Supply Chain Analysis
2. Key Highlights
3. COVID-19 Impact Analysis

Section 7 – Competitive Landscape
1. Company Profile of major Vendors (Komatsu, Hitachi Construction Machinery, Kobelco, Caterpillar, Hyundai Construction Equipment, Doosan, JCB, SANY, Volvo Construction Equipment)
2. Other Prominent vendors

Section 8 – Distributor Profile
1. Profile of major Distributors (Italthai Industrial, Ariya Equipment, Leadway Heavy Machinery, Metro Machinery, Aktio)

Section 9 – Report Summary
1. Key Insights

Section 10 – Appendix
1. Research Methodology
2. Research Objective
3. Market Definition, Inclusion & Exclusion

List of Exhibits

Exhibits 1       Thailand Crawler Excavator Market by Volume (Unit Sales) 2018-2027

Exhibits 2       Thailand Crawler Excavator Market by Volume (Unit Sales) 2018-2027

Exhibits 3       Thailand Crawler Excavator Market by Value ($ MN) 2018-2027

Exhibits 4       Thailand Crawler Excavator Market by Application 2020 (% volume share)

Exhibits 5       Thailand Crawler Excavator Market by Type (Operating Weight) 2018-2027 (Unit Sales)

Exhibits 6       GDP of Thailand 2015-2019 ($ BN)

Exhibits 7       Government Investments in Different Sectors ($ MN)

Exhibits 8       Gross Regional Products (% Of Total) 2016

Exhibits 9       Real GDP Growth CAGR 2011-2016

Exhibits 10    GPP PER CAPITA (1000 baht/year) 2016

Exhibits 11    Major Investing Countries

Exhibits 12    Thailand's FDI Inflow ($ BN)

Exhibits 13    Thailand's Ease of Doing Business Rank

Exhibits 14    Spending on transport infrastructure (road, rail, sea, and airports) in US$ Bn

Exhibits 15    Thailand Crawler Excavator Market by Excavator Type 2018-2027 (Unit Sales)

Exhibits 16    Thailand Crawler Excavator Market by Gross Power Output 2018-2027 (Unit Sales)

Exhibits 17    Thailand Crawler Excavator Market by Application 2018-2027 (Unit Sales)

Exhibits 18    Thailand Mini Excavator Market   2018–2027 (Unit Sales)

Exhibits 19    Thailand Mini Crawler Excavator Market    2018–2027 ($ MN)

Exhibits 20    Thailand Medium Excavator Market    2018–2027 (Unit Sales)

Exhibits 21    Thailand Medium Excavator Market    2018–2027 ($ MN)

Exhibits 22    Thailand Large Excavator Market    2018–2027 (Unit Sales)

Exhibits 23    Thailand Large Excavator Market    2018–2027 ($ MN)

Exhibits 24    Thailand Crawler Excavator Market by Construction 2018–2027 (Unit Sales)

Exhibits 25    Thailand Crawler Excavator Market by Construction 2018–2027 ($ MN)

Exhibits 26    Thailand Crawler Excavator Market by Mining    2018–2027 (Unit Sales)

Exhibits 27    Thailand Crawler Excavator Market by Mining    2018–2027 ($ MN)

Exhibits 28    Thailand Crawler Excavator Market by Agriculture 2018–2027 (Unit Sales)

Exhibits 29    Thailand Crawler Excavator Market by Agriculture 2018–2027 ($ MN)

Exhibits 30    Thailand Crawler Excavator Market by Forestry   2018–2027 (Unit Sales)

Exhibits 31    Thailand Crawler Excavator Market by Forestry   2018–2027 ($ MN)

Exhibits 32    Thailand Crawler Excavator Market by Others     2018–2027 (Unit Sales)

Exhibits 33    Thailand Crawler Excavator Market by Others     2018–2027 ($ MN)

Exhibits 34    Thailand Gross Power Output

Exhibits 35    Thailand Gross Power Output

Exhibits 36    Thailand Gross Power Output 61 HP-101 HP Excavator Market   2018–2027 (Unit Sales)

Exhibits 37    Thailand Gross Power Output 61 HP-101 HP Excavator Market    2018–2027 ($ MN)

Exhibits 38    Thailand Gross Power Output 102 HP-200 HP Excavator Market   2018–2027 (Unit Sales)

Exhibits 39    Thailand Gross Power         102 HP-200 HP Excavator Market   2018–2027 ($ MN)

Exhibits 40    Thailand Gross Power Output >201 HP Excavator Market   2018–2027 (Unit Sales)

Exhibits 41    Thailand Gross Power Output >201 HP Excavator Market   2018–2027 ($ MN)

Exhibits 42    Caterpillar-Total Sales And Revenue By Segment 2019 ($ Billion)

Exhibits 43    Komatsu-Total Sales And Revenue By Segment 2019 (%)

Exhibits 44    Hitachi-Total Sales And Revenue By Segment 2019-2020 (%)

Exhibits 45    Hyundai-Total Sales And Revenue By Segment 2019-2020 (%)

Exhibits 46    JCB-Total Sales And Revenue By Segment 2019-2020 (%)

 

List of Tables

Table 1          Government infrastructure development projects

Table 2          Major investments in different sectors

Table 3          Investment in Roads & Highways

Table 4          Investment in Rail

Table 5          Investment in Port & Marine Transportation

Table 6          Investment in Hospital & Healthcare

Table 7          Major Investing Countries

Table 8          Sectors Driving Investment

Table 9          Thailand: Operational Hydraulic Excavators by User Type (2015)

Table 10        Capital cost of excavators

Table 11        Key Insights

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