Market Forecast by By Types (Mobile Cranes, Construction Tractors and Bulldozers, Earthmoving Equipment, Aerial Work Equipment, Material Handling Equipment, Dump Trucks, Road Construction Equipment), By Applications (Corporate Enterprise, Oil and Gas, Mining, Others (Municipality and Road Construction)) and Competitive Landscape
Product Code: ETC002005 | Publication Date: Apr 2020 | Updated Date: Dec 2024 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 | |
The Malaysia construction equipment market report thoroughly covers the market by types and applications. Malaysia construction equipment market outlook report provides an unbiased and detailed analysis of the ongoing Malaysia construction equipment market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.
Malaysia Construction Equipment Market has been attaining prominent growth and this growth is mainly driven by infrastructural development activities, which results in a rise in construction activities and eventually spurs the demand for the construction equipment market in Malaysia. Additionally, the Malaysian construction equipment market has also witnessed huge investment in the infrastructure sector, which has further supported the growth of the construction equipment market in Malaysia.
According to 6Wresearch, Malaysia Construction Equipment Market size is anticipated to grow at a CAGR of 5.8% during 2025-2031. The construction equipment market in Malaysia is driven by several factors. Firstly, the increasing population in Malaysia has led to a demand for residential properties and other constructions such as roads, bridges, and commercial buildings. This has led to significant growth in the construction industry in the country, resulting in increased demand for construction equipment.Secondly, the government initiatives and policies aimed at improving infrastructure in Malaysia are a major driver of the construction equipment market. The government has planned several projects such as the Kuala Lumpur-Singapore High-Speed Rail and the Pan Borneo Highway that require state-of-the-art construction equipment to execute. These government initiatives have led to increased investments in the construction sector, which, in turn, have driven growth in the construction equipment market.
Despite the growth opportunities, the construction equipment market in Malaysia faces some challenges. One of the major challenges is the high import duties and taxes levied on construction equipment, making it expensive for businesses to invest in this market. Additionally, there is a shortage of skilled labor in the country, which has led to a higher cost of labor and has made it challenging to execute large-scale construction projects. These challenges can pose the Malaysia Construction Equipment Market Growth.
Several key players dominate the Malaysia construction equipment market. These players include Caterpillar Inc., Hitachi Construction Machinery Co., Ltd., Volvo Construction Equipment, and Komatsu Limited. These companies are known for their extensive range of construction equipment, advanced technology, and efficient after-sales support. They have also invested heavily in research and development to create cost-effective and innovative solutions, which are in high demand in the Malaysian market.
The Malaysian government has taken several initiatives to promote the growth of the construction equipment market. The government introduced the Industrial Revolution 4.0 policy, which focuses on digitalization, automation, and technology in the manufacturing and construction sector. This initiative helps reduce overall costs and makes construction cheaper and more efficient. Additionally, the government has launched the Construction Industry Payment and Adjudication Act (CIPAA) to regulate payment issues between contractors and subcontractors. This act ensures timely payments to contractors and promotes better cash flow, encouraging more investments in the construction sector. Moreover, the government has launched the National Human Resource Development Fund (HRDF), which provides training and skill development to employees, reducing the skill gap in the construction industry.
According to Nikhil, Senior Research Analyst, 6Wresearch, in terms of equipment types, earthmoving equipment such as Bulldozer leads the overall Malaysian construction equipment market primarily due to rising infrastructural development activities in the country.
The report provides a detailed analysis of the following market segments:
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Malaysia Construction Equipment Market Overview |
3.1 Malaysia Country Macro Economic Indicators |
3.2 Malaysia Construction Equipment Market Revenues & Volume, 2021 & 2031F |
3.3 Malaysia Construction Equipment Market - Industry Life Cycle |
3.4 Malaysia Construction Equipment Market - Porter's Five Forces |
3.5 Malaysia Construction Equipment Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 Malaysia Construction Equipment Market Revenues & Volume Share, By Application 2021 & 2031F |
4 Malaysia Construction Equipment Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Malaysia Construction Equipment Market Trends |
6. Malaysia Construction Equipment Market , By Type |
6.1 Malaysia Construction Equipment Market Revenues & Volume, By Mobile Cranes 2021 - 2031F |
6.2 Malaysia Construction Equipment Market Revenues & Volume, By Construction Tractor and Bulldozer, 2021 - 2031F |
6.3 Malaysia Construction Equipment Market Revenues & Volume, By Earthmoving Equipment, 2021 - 2031F |
6.3 Malaysia Construction Equipment Market Revenues & Volume, By Aerial Work Equipment, 2021 - 2031F |
6.3 Malaysia Construction Equipment Market Revenues & Volume, By Material Handling Equipment, 2021 - 2031F |
6.3 Malaysia Construction Equipment Market Revenues & Volume, By Dump Trucks, 2021 - 2031F |
6.3 Malaysia Construction Equipment Market Revenues & Volume, By Road Construction Equipment, 2021 - 2031F |
7 Malaysia Construction Equipment Market , By Application |
7.1 Malaysia Construction Equipment Market Revenues & Volume, By Corporate Enterprise, 2021 - 2031F |
7.2 Malaysia Construction Equipment Market Revenues & Volume, By Oil and Gas , 2021 - 2031F |
7.3 Malaysia Construction Equipment Market Revenues & Volume, By Mining, 2021 - 2031F |
8 Malaysia Construction Equipment Market Import-Export Trade Statistics |
8.1 Malaysia Construction Equipment Market Export to Major Countries |
8.2 Malaysia Construction Equipment Market Imports from Major Countries |
9 Malaysia Construction Equipment Market Key Performance Indicators |
10 Malaysia Construction Equipment Market - Opportunity Assessment |
10.1 Malaysia Construction Equipment Market Opportunity Assessment, By Type, 2031 |
10.2 Malaysia Construction Equipment Market Opportunity Assessment, By Application, 2031 |
11 Malaysia Construction Equipment Market - Competitive Landscape |
11.1 Malaysia Construction Equipment Market Revenue Share, By Companies, 2024 |
11.2 Malaysia Construction Equipment Market Competitive Benchmarking, By Operating and Technical Parameters |
12 Company Profiles |
13 Recommendations |
14 Disclaimer |
Market Forecast By Types (Mobile Cranes, Construction Tractor and Bulldozer, Earthmoving Equipment (Loaders, Excavators, Motor Grader)), Aerial Work Equipment (Articulated Boom Lifts, Telescopic Boom Lifts, Scissor Lifts), Material Handling Equipment (Telescopic Handlers, Forklifts), Dump Trucks, Road Construction Equipment (Pavers, Road Rollers), By Applications (Corporate Enterprise, Oil and Gas, Mining), Others (Municipality and Road Construction) and Competitive Landscape
Product Code: ETC002005 | Publication Date: Apr 2020 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 |
Malaysia construction equipment market has witnessed growth over the past few years primarily due to growing commercial and industrial sector, increasing infrastructural development activities as well as ongoing development plans in the country. However, the Malaysia market is likely witnessing a slowdown in the economic activity in the first three quarters of 2020, mainly due to the outbreak of the Covid-19 pandemic which had a negative impact on the businesses worldwide. However, the economic scenario in Malaysia is expected to recover during the second half of 2020 and the construction equipment market in Malaysia is also likely to recover gradually by the end of 2020.
According to 6Wresearch, Malaysia Construction Equipment Market size is likely to witness growth during 2020-2026. This growth is mainly driven by infrastructural development activities, which results in a rise in construction activities and eventually spur the demand for the construction equipment market in Malaysia. Additionally, the Malaysia construction equipment market has also witnessed huge investment in the infrastructure sector, which as further supported the growth of the construction equipment market in Malaysia. Further, government initiatives such as Malaysia’s National Policy on Industry 4.0, which aims at strengthening the manufacturing sector of the country is also supporting the growth of construction equipment in the country.
In terms of equipment types, earthmoving equipment such as Bulldozer leads the overall Malaysian construction equipment market primarily due to rising infrastructural development activities in the country. Additionally, Bulldozer, Angledozer, cranes, and material handling equipment are also registering increased growth in Malaysia.
The Malaysia construction equipment market report thoroughly covers the market by equipment types, equipment sub-segment types, applications, and regions. Malaysia construction equipment market outlook report provides an unbiased and detailed analysis of the on-going Malaysia construction equipment market trends, opportunities/high growth areas and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.
Key Highlights of the Report
Markets Covered
The Malaysia construction equipment market report provides a detailed analysis of the following market segments: