VIETNAM EXCAVATOR MARKET SIZE WILL BE VALUED AT USD 271.6 MILLION AND TO REACH VOLUME OF 2832 UNITS BY 2027, GROWING AT A COMPOUND ANNUAL GROWTH RATE (CAGR) OF 9.84% BY VOLUME DURING 2021-2027

The Vietnam Crawler Excavator Market Research Report includes by Excavator Type and Operating Weight ((Mini (less than 6 tons), Small (7-25 tons), Medium (26-40 tons), and Large (above 40 tons)), Application (Construction, Mining, Agriculture, Forestry, and Others), and Gross Power Output (<60 HP, 61-101 HP, 102-200 HP, and >201 HP).

GET ACTIONABLE INSIGHTS ON HOW COVID-19 IS IMPACTING YOUR BUSINESS
Enquire Now Download Free Sample

Most Exhaustive Report

73 Pages

5 Tables

47 Charts

1 Regions

1 Countries

12 Companies

3 Market Segment

VIETNAM CRAWLER EXCAVATOR MARKET REPORT SCOPE

Report Attribute Details
MARKET SIZE (VALUE) USD 271.6 MILLION (2027)
Market Size (VOLUME) 2832 UNITS (2027)
CAGR 9.84% (2021-2027)
Base Year 2020
Historic Year 2018-2019
Forecast Year 2021-2027
EXCAVATOR TYPE Mini (less than 6 tons), Small (7-25 tons), Medium (26-40 tons), and Large (above 40 tons)
GROSS POWER OUTPUT <60 HP, 61-101 HP, 102-200 HP, and >201 HP
KEY VENDORS Caterpillar, Komatsu, Hitachi, Hyundai construction Equipment, Sany, Volvo, Doosan, and Kobelco

VIETNAM CRAWLER EXCAVATOR MARKET INSIGHTS

  • Increasing infrastructure investment and construction operations in the country are expected to boost the demand for crawler excavators in the country over the forecast period.
  • By 2025, the Government of Vietnam is planning to invest around US$ 120 billion in infrastructure projects. Infrastructure construction projects that are halted or suspended due to the pandemic are expected to resume and increase the demand for excavators over the period.
  • Vietnam’s mini crawler excavator market is expected to reach 605 units by 2027, growing at a CAGR of 8.82%.
  • High foreign investment leads to economic growth in Vietnam, which will help the government to invest more in public infrastructure that will be the driving force for Excavator demand.
  • The volume of 102-200HP gross power excavators accounted for the largest share of around 32.1% in 2020.
  • In Vietnam, transportation, tunnels, electric power, water supply resource, and real estate are among the five-focus sector. The government has proposed large-scale infrastructure projects and is expected to increase demand for medium excavators.

Vietnam Crawler Excavator Market By Volume

VIETNAM CRAWLER EXCAVATOR MARKET - SEGMENTAL ANALYSIS

  • The rise in fuel prices will increase the demand growth of mini excavators as they are more fuel-efficient and compact than heavy excavators.
  • Vietnam's Crawler excavator market in the agriculture sector is expected to reach 318 units by 2027.
  • Vietnam's government is investing in roads and infrastructure that will propel the growth of excavators in the gross power output segment.

KEY HIGHLIGHTS FROM THE REPORT

  • In terms of end-users, the construction industry is expected to generate the highest demand for excavators and is anticipated to dominate the market in the upcoming years.
  • Incorporation of intelligent systems driven by IoT and data analysis for service, networking, and sustainability, the market is transitioning to a more innovative industry.
  • Excavators used in various sports tournaments and waste and sewage disposal are expected to contribute to the market's growth. 

VIETNAM CRAWLER EXCAVATOR MARKET - VENDOR LANDSCAPE

Intense competition in technology and design, Excavator manufacturers are vigorously focusing on promoting technologically innovative features and a wide variety of attachments for their equipment. Manufacturers are making operational advances in their excavator motors to manage their competitiveness in the market. For instance, Komatsu collaborated with Honda motor to manufacture micro electric excavator powered by Honda.  

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 Vietnam, 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 Vietnam crawler excavator market share
  • Complete supply chain analysis
  • Get COVID-19 impact analysis of the market
  • Company Profile of 8 major vendors

KEY VENDORS

Major Vendors: Caterpillar, Komatsu, Hitachi, Hyundai Construction Equipment, Sany, Volvo, Doosan, and Kobelco

Other Prominent Vendors: Kubota, Sumitomo, Ingersoll Rand, and XCMG

Frequently Asked Questions

The Vietnam crawler excavator market to reach USD 271.6 million during 2021 -2027.
The value of the Vietnam crawler excavator market size by volume will reach 2832 units by 2027.
Mini (<6 tons), Small (7-25 tons), Medium (26-40 tons), and Large (above 40 tons) are the different types of excavators in the market.
Caterpillar, Komatsu, Hitachi, Hyundai Construction Equipment, Sany, Volvo, Doosan, and Kobelco are the major players in the market
High foreign investment and development in technology are the key factors driving the market.
In 2020, Medium Excavators accounted for the largest market share (unit sales) of 31.8%.
Download Free Sample
Read More

Select a license type that suits your business needs

Single User Licence
$2200.00
  • Report accessible by one user only
  • Free 10% or 3 days of customization
  • Free post-sale service assistance
  • Continuous support through email
Best Value Tag
5 User Licence
$2500.00
  • Report accessible by 5 users within the organization
  • Free 15% or 4.5 days of customization
  • Free post-sale service assistance
  • Continuous support through email and telephone
  • Free analyst hour
  • Free Upgrade: If an updated report published within 180 days of purchase, you will get the revised report free of charge
Corporate Licence
$3000.00
  • Free Datasheet worth $1500
  • Report accessible by the entire organization
  • Free 20% or 6 days of customization
  • Free post-sale service assistance
  • Continuous support through email and telephone
  • Direct access to lead analysts
  • Free analyst hour
  • Free Upgrade: If an updated report published within 180 days of purchase, you will get the revised report free of charge
Datasheet Licence
$1500.00
  • Report accessible by 1 user only
  • Free 15% or 32 hours of customization
  • Free post-sale service assistance
  • Direct access to lead analysts

Select a license type that suits your business needs

Best Value Tag
Coming Soon
  • Stay tuned with us.

YOU CAN GET A FREE SAMPLE OF THIS REPORT!

Fill out your details & get your free sample

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Our Clients

Licence Types What are these?

Our Clients Speak

"The report by Arizton was spot on. It not only gave us insight into the pro audio market, we used it to raise funds for our company. The data proved (to the VC we pitched to) that the market was large enough for our company to not only survive but also grow."

Erik Young
CEO, Co-founder
Audink Inc., DBA Audios
SPEAK WITH OUR ANALYST

Want to know more about the report or any specific requirement?

Click to Email +1-312-235-2040

Why Arizton?

  • 100% Customer Satisfaction
  • 24x7 availability – we are always there when you need us
  • 200+ Fortune 500 Companies trust Arizton's report
  • 80% of our reports are exclusive and first in the industry
  • 100% more data and analysis
  • 1000+ reports published till date