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).

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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 USD 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)
    • 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 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%.
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The fast recovery of countries such as China, Korea, and Japan from the pandemic situation is the major factor helping Vietnam to recover faster from the pandemic situation and is expected to attract significant investments over the coming years.

Base Year: 2020 

Forecast Year: 2021-2027 

Scope: The report considers the present scenario of the crawler excavator market in Vietnam and 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 a segment analysis of the Vietnam crawler excavator market.

Major Vendors

  • Caterpillar
  • Komatsu
  • Hitachi
  • Hyundai Construction Equipment
  • Sany
  • Volvo
  • Doosan
  • Kobelco

Other Prominent Vendors

  • Kubota
  • Sumitomo
  • Ingersoll Rand
  • XCMG

Market Segmentation by Excavator Type

  • Mini (less than 6 tons)
  • Small (7-25 tons)
  • Medium (26-40 tons)
  • Large (above 40 tons)

Market Segmentation by Application

  • Construction
  • Mining
  • Agriculture
  • Forestry
  • Others

Market 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, Increasing Government infrastructure Development projects, Advantage Vietnam, Supply Chain Insights, COVID-19 Impact, COVID-19 Impact analysis, Key Economic Regions in Vietnam


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

Section 4 - Market Dynamics
• Market Drivers, Restraints, Trends

Section 5 – Vietnam Crawler Excavator Market (Type & Operating Weight)
1. Vietnam 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

  1. Vietnam 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

  2. Vietnam Crawler Excavator Market by Gross Power
    Crawler Excavator Market by Gross Power Output, 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

Supply Chain 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
3. Distributors Profiles

Section 8 – Report Summary
1. Key Insights

Section 9 – Appendix
1. Research Methodology
2. Research Objective
3. Market Definition, Inclusion & Exclusion

LIST OF EXHIBITS

Exhibit 1              Vietnam crawler excavator market by volume (unit sales), 2018-2027

Exhibit 2              Vietnam Crawler Excavator Market by Gross Power Output, Volume (% volume share) 2020

Exhibit 3              Vietnam Crawler Excavator Market by Volume (Unit Sales) 2018-2027

Exhibit 4              Vietnam Crawler Excavator Market by Value ($ MN) 2018-2027

Exhibit 5              Vietnam crawler excavator market by application 2020 (% volume share)

Exhibit 6              Vietnam Crawler Excavator Market by Type (Operating Weight) 2018-2027 (Unit Sales)

Exhibit 7              Vietnam GDP in current prices from 2015-2020 ($ bn)

Exhibit 8              Vietnam Investment of Permitted Project 2020 (across different sectors) ($MN)

Exhibit 9              Gross Regional Product 2020

Exhibit 10            Real GDP Growth CAGR (2016- 2020)

Exhibit 11            Gross Primary Productivity 2020 (per month)

Exhibit 12            Major FDI Investing Countries

Exhibit 13            Major FDI invested Sector

Exhibit 14            Vietnam DI inflow ($ BN)

Exhibit 15            Vietnam crawler excavator market by excavator type 2018-2027 (unit sales)

Exhibit 16            Vietnam crawler excavator market by gross power output 2018-2027 (unit sales)

Exhibit 17            Vietnam crawler excavator market by application 2018-2027 (unit sales)

Exhibit 18            Vietnam Mini Excavator Market 2018–2027 (Unit Sales)

Exhibit 19            Vietnam Mini Crawler Excavator Market 2018–2027 ($ MN)

Exhibit 20            Vietnam Small Excavator Market 2018–2027 (Unit Sales)

Exhibit 21            Vietnam Small Crawler Excavator Market 2018–2027 ($ MN)

Exhibit 22            Vietnam Medium Excavator Market 2018–2027 (Unit Sales)

Exhibit 23            Vietnam Medium Excavator Market 2018–2027 ($ MN)

Exhibit 24            Vietnam Large Excavator Market 2018–2027 (Unit Sales)

Exhibit 25            Vietnam Large Excavator Market 2018–2027 ($ MN)

Exhibit 26            Vietnam Gross Power Output

Exhibit 27            Vietnam Gross Power Output

Exhibit 28            Vietnam Gross Power Output 61 HP-101 HP Excavator Market   2018–2027 (Unit Sales)

Exhibit 29            Vietnam Gross Power Output 61 HP-101 HP Excavator Market    2018–2027 ($ MN)

Exhibit 30            Vietnam Gross Power Output 102 HP-200 HP Excavator Market   2018–2027 (Unit Sales)

Exhibit 31            Vietnam Gross Power Output 102 HP-200 HP Excavator Market   2018–2027 ($ MN)

Exhibit 32            Vietnam Gross Power Output >201 HP Excavator Market   2018–2027 (Unit Sales)

Exhibit 33            Vietnam Gross Power Output >201 HP Excavator Market   2018–2027 ($ MN)

Exhibit 34            Vietnam Crawler Excavator Market by Construction 2018–2027 (Unit Sales)

Exhibit 35            Vietnam Crawler Excavator Market by Construction 2018–2027 ($ MN)

Exhibit 36            Vietnam Crawler Excavator Market by Mining 2018–2027 (Unit Sales)

Exhibit 37            Vietnam Crawler Excavator Market by Mining 2018–2027 ($ MN)

Exhibit 38            Vietnam Crawler Excavator Market by Agriculture 2018–2027 (Unit Sales)

Exhibit 39            Vietnam Crawler Excavator Market by Agriculture 2018–2027 ($ MN)

Exhibit 40            Vietnam Crawler Excavator Market by Forestry 2018–2027 (Unit Sales)

Exhibit 41            Vietnam Crawler Excavator Market by Forestry 2018–2027 ($ MN)

Exhibit 42            Vietnam Crawler Excavator Market by Others 2018–2027 (Unit Sales)

Exhibit 43            Vietnam Crawler Excavator Market by Others 2018–2027 ($ MN)

Exhibit 44            Caterpillar; total sales and revenue by segment 2019 ($ billion)

Exhibit 45            Komatsu; total sales and revenue by segment 2019 (%)

Exhibit 46            HITACHI Construction Machinery; total sales and revenue by segment 2018-2020 (%)

Exhibit 47            Hyundai construction equipment; total sales and revenue by segment 2018-2020 (%)

LIST OF TABLES

Table 1                 Infrastructure development projects

Table 2                 Construction Projects

Table 3                 Major Investing Countries (US$ MN)

Table 4                 Major Invested Sector (% in 2020).

Table 5                 Key Insights

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