Singapore Construction Equipment Market (2025-2031) | Revenue, Forecast, Share, Outlook, Companies, Analysis, Industry, Value, Growth, Size & Trends

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: ETC002008 Publication Date: Dec 2023 Updated Date: Dec 2024 Product Type: Report
Publisher: 6Wresearch No. of Pages: 70 No. of Figures: 35 No. of Tables: 5

Topics Covered in Singapore Construction Equipment Market Report

The Singapore construction equipment market report thoroughly covers the market by equipment types, equipment sub-segment types, applications, and regions. Singapore construction equipment market outlook report provides an unbiased and detailed analysis of the ongoing Singapore 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.

Singapore Construction Equipment Market Synopsis

Singapore Construction Equipment Market is growing faster and will attain major growth during the forecast period. This growth is mainly driven by government initiatives towards the overall infrastructural development in the country. The government has increased public spending and allocated funds for the construction of rail and road networks in Singapore such as projects including new MRT lines, the North-South Expressway, etc. These initiatives will further spur the demand for the construction equipment market in Singapore.

According to 6Wresearch, Singapore Construction Equipment Market size is estimated to register a CAGR of 4.6% from 2025-2031. There are several factors driving the growth of the construction equipment market in Singapore. First, the government has been investing heavily in infrastructure development to maintain the country's competitiveness and support economic growth. Second, the construction of new residential and commercial buildings, as well as the renovation of existing structures, has been increasing. Third, Singapore is a gateway to Southeast Asia, and many multinational companies have established their regional headquarters or subsidiaries here. These companies require modern and efficient facilities to support their operations.

The construction equipment market in Singapore faces several challenges. One of the major challenges is the limited availability of skilled labor and technicians. Another challenge is the high cost of acquiring and maintaining construction equipment, especially for small and medium-sized enterprises. Additionally, the urban landscape of Singapore presents unique challenges, such as the limited space for equipment storage and operation.

Singapore Construction Equipment Industry: Leading Players

Several international manufacturers and distributors of construction equipment operate in Singapore, including Caterpillar, Komatsu, and Volvo. As a small market, there are not many local equipment manufacturers, but there are several distributors such as Beng Hui Machinery, Lian Beng Group, and Tat Hong Holdings that focus on the supply and servicing of construction equipment.

Construction Equipment Market in Singapore: Government Initiatives

The Singapore government has implemented several initiatives to support the construction industry and the equipment market. The Building and Construction Authority (BCA) offers incentives such as tax breaks and grants to encourage the adoption of technology and innovation in the industry. Also, the government has provided funding to develop the training and development of workers to address the shortage of skilled labor. Finally, the government has implemented measures to promote sustainable development and green construction, which has increased demand for energy-efficient equipment.

Market Segmentation by Types

According to Parth, Senior Research Analyst, 6Wresearch, earthmoving equipment leads the overall Singapore construction equipment industry primarily due to rising infrastructural development activities in the country. In addition, cranes and material handling equipment are also recording a continuous rise in growth.

Market Segmentation by Application

While all the application segments play a crucial role in the construction equipment industry, the Corporate Enterprise Construction segment is currently on the rise. The growth of industrial parks and factories in Singapore has led to an increase in demand for construction equipment from the corporate enterprise segment.

Key Attractiveness of the Report

  • 10 Years Market Numbers.
  • Historical Data Starting from 2021 to 2024.
  • Base Year: 2024
  • Forecast Data until 2031.
  • Key Performance Indicators Impacting the Market.
  • Major Upcoming Developments and Projects.

Key Highlights of the Report:

  • Singapore Construction Equipment Market Outlook
  • Market Size of Singapore Construction Equipment Market
  • Forecast of Singapore Construction Equipment Market
  • Historical Data and Forecast of Singapore Construction Equipment Market Revenues & Volume for the Period 2021 - 2031
  • Singapore Construction Equipment Market Trend Evolution
  • Singapore Construction Equipment Market Drivers and Challenges
  • Singapore Construction Equipment Price Trends
  • Singapore Construction Equipment Porter's Five Forces
  • Singapore Construction Equipment Industry Life Cycle
  • Historical Data and Forecast of Singapore Construction Equipment Market Revenues and volume by Type for the Period 2021 - 2031
  • Historical Data and Forecast of Singapore Construction Equipment Market Revenues and Volume by Cranes for the Period 2021 - 2031
  • Historical Data and Forecast of Singapore Construction Equipment Market Revenues and volume by Construction Tractor and Bulldozer for the Period 2021 - 2031
  • Historical Data and Forecast of Singapore Construction Equipment Market Revenues and volume by Earthmoving Equipment for the Period 2021 - 2031
  • Historical Data and Forecast of Singapore Construction Equipment Market Revenues and volume by Aerial Work Equipment for the Period 2021 - 2031
  • Historical Data and Forecast of Singapore Construction Equipment Market Revenues and volume by Material Handling Equipment for the Period 2021 - 2031
  • Historical Data and Forecast of Singapore Construction Equipment Market Revenues and volume by Dump Trucks for the Period 2021 - 2031
  • Historical Data and Forecast of Singapore Construction Equipment Market Revenues and volume by Road Construction Equipment for the Period 2021 - 2031
  • Historical Data and Forecast of Singapore Construction Equipment Market Revenues and volume by Application for the Period 2021 - 2031
  • Historical Data and Forecast of Singapore Construction Equipment Market Revenues and volume by Corporate Enterprise for the Period 2021 - 2031
  • Historical Data and Forecast of Singapore Construction Equipment Market Revenues and volume by Oil and Gas for the Period 2021 - 2031
  • Historical Data and Forecast of Singapore Construction Equipment Market Revenues and volume by Mining for the Period 2021 - 2031
  • Historical Data and Forecast of Singapore Construction Equipment Market Revenues and volume by Others for the Period 2021 - 2031
  • Singapore Construction Equipment Import Export Trade Statistics
  • Market Opportunity Assessment By Type
  • Market Opportunity Assessment By Application
  • Singapore Construction Equipment Top Companies Market Share
  • Singapore Construction Equipment Competitive Benchmarking By Technical and Operational Parameters
  • Singapore Construction Equipment Company Profiles
  • Singapore Construction Equipment Key Strategic Recommendation

Market Scope and Segmentation

The report provides a detailed analysis of the following market segments:

By Types:

  • Mobile Cranes
  • Construction Tractor and Bulldozer
  • 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)
Singapore Construction Equipment Market (2025-2031): FAQ
Singapore Construction Equipment Market size is estimated to register a CAGR of 4.6% from 2025-2031.
The main drivers of growth for the Singapore construction equipment market are government investments in infrastructure projects, private investments in commercial and residential real estate projects, and the growing need for advanced machines that increase productivity and efficiency.
The construction equipment industry in Singapore faces several challenges, such as a shortage of skilled workers, high import duties on equipment, and increasing competition from manufacturers in other countries. The shortage of skilled workers is a major issue for the industry, as it makes it difficult to find and retain workers with the necessary expertise to operate and maintain construction equipment.
The Singapore construction equipment market is witnessing several emerging trends, such as the growing adoption of new technologies such as telematics, automation, and artificial intelligence. Equipment manufacturers are also focusing on developing more environmentally friendly machines that help reduce carbon emissions and improve fuel efficiency.
6W monitors the market across 60+ countries Globally, publishing an annual market outlook report that analyses trends, key drivers, Size, Volume, Revenue, opportunities, and market segments. This report offers comprehensive insights, helping businesses understand market dynamics and make informed decisions.
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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 Singapore Construction Equipment Market Overview
3.1 Singapore Country Macro Economic Indicators
3.2 Singapore Construction Equipment Market  Revenues & Volume, 2021 & 2031F
3.3 Singapore Construction Equipment Market - Industry Life Cycle
3.4 Singapore Construction Equipment Market - Porter's Five Forces
3.5 Singapore Construction Equipment Market  Revenues & Volume Share, By Type, 2021 & 2031F
3.6 Singapore Construction Equipment Market  Revenues & Volume Share, By Application 2021 & 2031F
4 Singapore Construction Equipment Market Dynamics
4.1 Impact Analysis
4.2 Market Drivers
4.3 Market Restraints
5 Singapore Construction Equipment Market Trends
6. Singapore Construction Equipment Market , By Type
6.1 Singapore Construction Equipment Market Revenues & Volume, By Mobile Cranes  2021 - 2031F
6.2 Singapore Construction Equipment Market Revenues & Volume, By Construction Tractor and Bulldozer, 2021 - 2031F
6.3 Singapore Construction Equipment Market Revenues & Volume, By Earthmoving Equipment, 2021 - 2031F
6.3 Singapore Construction Equipment Market Revenues & Volume, By Aerial Work Equipment, 2021 - 2031F
6.3 Singapore Construction Equipment Market Revenues & Volume, By Material Handling Equipment, 2021 - 2031F
6.3 Singapore Construction Equipment Market Revenues & Volume, By Dump Trucks, 2021 - 2031F
6.3 Singapore Construction Equipment Market Revenues & Volume, By Road Construction Equipment, 2021 - 2031F
7 Singapore Construction Equipment Market , By Application
7.1  Singapore Construction Equipment Market Revenues & Volume, By Corporate Enterprise, 2021 - 2031F
7.2 Singapore Construction Equipment Market Revenues & Volume, By Oil and Gas ,  2021 - 2031F
7.3 Singapore Construction Equipment Market Revenues & Volume, By Mining, 2021 - 2031F
8 Singapore Construction Equipment Market  Import-Export Trade Statistics
8.1 Singapore Construction Equipment Market  Export to Major Countries
8.2 Singapore Construction Equipment Market  Imports from Major Countries
9 Singapore Construction Equipment Market Key Performance Indicators
10 Singapore Construction Equipment Market - Opportunity Assessment
10.1 Singapore Construction Equipment Market Opportunity Assessment, By Type, 2031
10.2 Singapore Construction Equipment Market Opportunity Assessment, By Application, 2031
11 Singapore Construction Equipment Market - Competitive Landscape
11.1 Singapore Construction Equipment Market Revenue Share, By Companies, 2024
11.2 Singapore 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: ETC002008 Publication Date: Apr 2020 Product Type: Report
Publisher: 6Wresearch No. of Pages: 70 No. of Figures: 35 No. of Tables: 5

Singapore construction equipment market has witnessed growth over the past few years primarily due to the existence of high-rise buildings and advanced infrastructure in the country. Additionally, a growing number of shopping malls and transportation systems such as railways, airports, ships, and road transport will further spur the demand for the construction equipment market in Singapore over the coming years. However, the Singapore economy is likely to witness a slowdown during the first three quarters of 2020, mainly due to the outbreak of the COVID-19 pandemic which had a negative impact on businesses worldwide. However, the economic scenario in Singapore is expected to recover during the second half of 2020, and the construction equipment market in Singapore is also likely to recover gradually by the end of 2020.

According to 6Wresearch, the Singapore Construction Equipment Market size is likely to witness growth during 2020-2026. This growth is mainly driven by government initiatives towards the overall infrastructural development in the country. The government has increased public spending and allocated funds for the construction of rail and road networks in Singapore such as projects including new MRT lines, the North-South Expressway, etc. These initiatives will further spur the demand for the construction equipment market in Singapore during the forecast period.

Based on equipment types, earthmoving equipment dominates the overall Singapore construction equipment market primarily due to rising infrastructural development activities in the country. Additionally, cranes and material handling equipment are also recording a continuous rise in growth.

The Singapore construction equipment market report thoroughly covers the market by equipment types, equipment sub-segment types, applications, and regions. Singapore construction equipment market outlook report provides an unbiased and detailed analysis of the on-going Singapore 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.

Singapore construction equipment market is expected to gain traction in the upcoming six years on the back of the rising impressive growth of the logistic sector. Rising trade practices in the country, Changi airport in the country attributed as the busiest mode for cargo trading which is estimated to support the growth and development of EXIM industry, therefore the growth of the cranes are proven evident in seaport and airport at times of loading and unloading heavy cartons and is expected to contribute the growth of the Singapore construction equipment market in the upcoming six years. Further, the increase in the renovation of houses has led to instigate deployment for scissor lifts which is another be a growth proliferating factor for the construction equipment in the country.

Key Highlights of the Report

  • Singapore Construction Equipment Market Overview
  • Singapore Construction Equipment Market Outlook
  • Singapore Construction Equipment Market Forecast
  • Historical Data of Singapore Construction Equipment Market Revenues and Volumes for the Period 2016-2019.
  • Market Size & Forecast of Singapore Construction Equipment Market Revenues and Volumes, Until 2026.
  • Historical Data of Singapore Cranes Market for the Period 2016-2019.
  • Market Size & Forecast of Singapore Cranes Market, Until 2026.
  • Historical Data of Singapore Bull Dozers & Construction Tractors Market for the Period 2016-2019.
  • Market Size & Forecast of Singapore Bull Dozers & Construction Tractors Market, Until 2026.
  • Historical Data of Singapore Earth Moving Equipment Market for the Period 2016-2019.
  • Market Size & Forecast of Singapore Earthmoving Equipment Market, Until 2026.
  • Historical Data of Singapore Material Handling Market for the Period 2016-2019.
  • Market Size & Forecast of Singapore Material Handling Market, Until 2026.
  • Historical Data of Singapore Dump Trucks Market for the Period 2016-2019.
  • Market Size & Forecast of Singapore Dump Trucks Market, Until 2026.
  • Historical Data of Singapore Aerial Work Platform Market for the Period 2016-2019.
  • Market Size & Forecast of Singapore Aerial Work Platform Market, Until 2026.
  • Historical Data of Singapore Road Construction Equipment Market for the Period 2016-2019.
  • Market Size & Forecast of Singapore Road Construction Equipment Market, Until 2026.
  • Historical Data of Singapore Construction Equipment Market Revenues and Volumes, by Applications, for the Period 2016-2019
  • Market Size & Forecast of Singapore Construction Equipment Market Revenues and Volumes, by Applications, Until 2026
  • Historical Data of Singapore Construction Equipment Market Revenues and Volumes, by Regions, for the Period 2016-2019
  • Market Size & Forecast of Singapore Construction Equipment Market Revenues and Volumes, by Regions, Until 2026
  • Market Drivers and Restraints
  • Singapore Construction Equipment Market Trends and Industry Life Cycle
  • Porter’s Five Forces Analysis
  • Market Opportunity Assessment
  • Singapore Construction Equipment Market Share, By Countries
  • Singapore Construction Equipment Market Share, By Companies
  • Singapore Construction Equipment Market Overview on Competitive Benchmarking
  • Company Profiles
  • Key Strategic Recommendations

Markets Covered

The Singapore construction equipment market report provides a detailed analysis of the following market segments:

  • 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)

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