THAILAND CRAWLER EXCAVATOR MARKET SIZE WILL REACH 6,949 UNITS BY 2027, GROWING AT A CAGR OF 7.01% DURING THE PERIOD 2021-2027

The Thailand Crawler Excavator Market Research Report includes by Excavator Type and Operating Weight ((Mini (<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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Most Exhaustive Report

72 Pages

12 Tables

13 Charts

1 Regions

1 Countries

15 Companies

3 Market Segment

THAILAND CRAWLER EXCAVATOR MARKET REPORT SCOPE

Report Attribute Details
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 (<6 tons), Small (6-25 tons), Medium (25-40 tons), and Large (>40 tons)
APPLICATION Mining, Construction, Agriculture, Forestry, and Others
GROSS POWER OUTPUT <60 HP, 61-101 HP, 102-200 HP, and >201 HP
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)
    • Type
    • Excavator Type and Operating Weight
    • Application
    • Gross Power Output
  • Value (USD)                                        
    • Type
    • 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

The value of the Thailand crawler excavator market by volume is expected to reach 6949 units by 2027.
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.
Thailand’s mini crawler excavator segment is expected to reach 2,990 units by 2027.
Thailand crawler excavator market by volume is expected to grow at a CAGR of 7.01%.
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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