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

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: ETC002009 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 Vietnam Construction Equipment Market Report

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

Vietnam Construction Equipment Market Synopsis

Vietnam construction equipment market has witnessed growth over the past few years primarily due to the transformation of the economy towards a developing country as well as growing construction and infrastructural development projects in the country. This market is also facing some challenges that can hamper its growth in the near future.

According to 6Wresearch, Vietnam Construction Equipment Market size is anticipated to rise at a CAGR of 9.8% from 2025-2031. The construction equipment market in Vietnam is growing due to various factors. The rise in construction activities in Vietnam is driving the market. The construction of infrastructure, such as highways, bridges, and airways, is one of the significant drivers of the construction equipment market. The development of real estate, including residential, commercial, and industrial properties, is also driving the construction equipment market in Vietnam. Lastly, the growing demand for energy and power infrastructure is also a significant driver of the construction equipment market.

Although the construction equipment market in Vietnam is growing, there are several challenges that companies in the market face. One significant challenge is the lack of skilled labor in the country, which can limit the demand for construction equipment. Additionally, the high import taxes for construction equipment in Vietnam can make it challenging for foreign companies to compete with local companies. Lastly, the lack of financing options is also a hurdle for companies in the construction equipment market.

Vietnam Construction Equipment Industry: Leading Players

The Vietnam construction equipment market has both local and foreign players. Some of the key players in the market include Hitachi Construction Machinery, Komatsu, Caterpillar, Hyundai Construction Equipment, JCB, and Sany Heavy Industry Company. These companies are working towards expanding their presence in Vietnam by introducing new and innovative construction equipment. They also offer a diverse range of rental and leasing options for construction equipment.

Construction Equipment Market in Vietnam: Government Initiatives

The government of Vietnam has taken several initiatives to promote the construction equipment market in the country. The government has reduced import taxes for construction equipment to attract foreign companies to invest in the country. Additionally, the government has launched various infrastructure development projects, such as the North-South High-Speed Railway and the Long Thanh International Airport, to foster the growth of the construction industry. Lastly, the government has introduced various training programs to develop skilled labor in the construction industry.

Market Segmentation by Types

According to Parth, Senior Research Analyst, 6Wresearch, in terms of types, earthmoving equipment leads to the overall Vietnam construction equipment market primarily due to growing public infrastructure facilities in the country. Additionally, cranes and material handling equipment are also recording growth in the country.

Market Segmentation by Application

The corporate enterprise segment is growing with the increase in the population and an influx of foreign investment. The oil and gas segment is also expanding with increasing oil production.

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:

  • Vietnam Construction Equipment Market Outlook
  • Market Size of Vietnam Construction Equipment Market
  • Forecast of Vietnam Construction Equipment Market
  • Historical Data and Forecast of Vietnam Construction Equipment Market Revenues & Volume for the Period 2021 - 2031
  • Vietnam Construction Equipment Market Trend Evolution
  • Vietnam Construction Equipment Market Drivers and Challenges
  • Vietnam Construction Equipment Price Trends
  • Vietnam Construction Equipment Porter's Five Forces
  • Vietnam Construction Equipment Industry Life Cycle
  • Historical Data and Forecast of Vietnam Construction Equipment Market Revenues and volume by Type for the Period 2021 - 2031
  • Historical Data and Forecast of Vietnam Construction Equipment Market Revenues and Volume by Cranes for the Period 2021 - 2031
  • Historical Data and Forecast of Vietnam Construction Equipment Market Revenues and volume by Construction Tractor and Bulldozer for the Period 2021 - 2031
  • Historical Data and Forecast of Vietnam Construction Equipment Market Revenues and volume by Earthmoving Equipment for the Period 2021 - 2031
  • Historical Data and Forecast of Vietnam Construction Equipment Market Revenues and volume by Aerial Work Equipment for the Period 2021 - 2031
  • Historical Data and Forecast of Vietnam Construction Equipment Market Revenues and volume by Material Handling Equipment for the Period 2021 - 2031
  • Historical Data and Forecast of Vietnam Construction Equipment Market Revenues and volume by Dump Trucks for the Period 2021 - 2031
  • Historical Data and Forecast of Vietnam Construction Equipment Market Revenues and volume by Road Construction Equipment for the Period 2021 - 2031
  • Historical Data and Forecast of Vietnam Construction Equipment Market Revenues and volume by Application for the Period 2021 - 2031
  • Historical Data and Forecast of Vietnam Construction Equipment Market Revenues and volume by Corporate Enterprise for the Period 2021 - 2031
  • Historical Data and Forecast of Vietnam Construction Equipment Market Revenues and volume by Oil and Gas for the Period 2021 - 2031
  • Historical Data and Forecast of Vietnam Construction Equipment Market Revenues and volume by Mining for the Period 2021 - 2031
  • Historical Data and Forecast of Vietnam Construction Equipment Market Revenues and volume by Others for the Period 2021 - 2031
  • Vietnam Construction Equipment Import Export Trade Statistics
  • Market Opportunity Assessment By Type
  • Market Opportunity Assessment By Application
  • Vietnam Construction Equipment Top Companies Market Share
  • Vietnam Construction Equipment Competitive Benchmarking By Technical and Operational Parameters
  • Vietnam Construction Equipment Company Profiles
  • Vietnam 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)
Vietnam Construction Equipment Market (2025-2031): FAQ
Vietnam Construction Equipment Market size is anticipated to rise at a CAGR of 9.8% from 2025-2031.
The construction of infrastructure, such as highways, bridges, and airways, is one of the significant drivers of the construction equipment market.
The government of Vietnam has taken several initiatives to promote the construction equipment market in the country. The government has reduced import taxes for construction equipment to attract foreign companies to invest in the country.
Some of the key players in the market include Hitachi Construction Machinery, Komatsu, Caterpillar, Hyundai Construction Equipment, JCB, and Sany Heavy Industry Company.
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.
Yes, we provide customisation as per your requirements. To learn more, feel free to contact us on sales@6wresearch.com
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 Vietnam Construction Equipment Market Overview
3.1 Vietnam Country Macro Economic Indicators
3.2 Vietnam Construction Equipment Market  Revenues & Volume, 2021 & 2031F
3.3 Vietnam Construction Equipment Market - Industry Life Cycle
3.4 Vietnam Construction Equipment Market - Porter's Five Forces
3.5 Vietnam Construction Equipment Market  Revenues & Volume Share, By Type, 2021 & 2031F
3.6 Vietnam Construction Equipment Market  Revenues & Volume Share, By Application 2021 & 2031F
4 Vietnam Construction Equipment Market Dynamics
4.1 Impact Analysis
4.2 Market Drivers
4.3 Market Restraints
5 Vietnam Construction Equipment Market Trends
6. Vietnam Construction Equipment Market , By Type
6.1 Vietnam Construction Equipment Market Revenues & Volume, By Mobile Cranes  2021 - 2031F
6.2 Vietnam Construction Equipment Market Revenues & Volume, By Construction Tractor and Bulldozer, 2021 - 2031F
6.3 Vietnam Construction Equipment Market Revenues & Volume, By Earthmoving Equipment, 2021 - 2031F
6.3 Vietnam Construction Equipment Market Revenues & Volume, By Aerial Work Equipment, 2021 - 2031F
6.3 Vietnam Construction Equipment Market Revenues & Volume, By Material Handling Equipment, 2021 - 2031F
6.3 Vietnam Construction Equipment Market Revenues & Volume, By Dump Trucks, 2021 - 2031F
6.3 Vietnam Construction Equipment Market Revenues & Volume, By Road Construction Equipment, 2021 - 2031F
7 Vietnam Construction Equipment Market , By Application
7.1  Vietnam Construction Equipment Market Revenues & Volume, By Corporate Enterprise, 2021 - 2031F
7.2 Vietnam Construction Equipment Market Revenues & Volume, By Oil and Gas ,  2021 - 2031F
7.3 Vietnam Construction Equipment Market Revenues & Volume, By Mining, 2021 - 2031F
8 Vietnam Construction Equipment Market  Import-Export Trade Statistics
8.1 Vietnam Construction Equipment Market  Export to Major Countries
8.2 Vietnam Construction Equipment Market  Imports from Major Countries
9 Vietnam Construction Equipment Market Key Performance Indicators
10 Vietnam Construction Equipment Market - Opportunity Assessment
10.1 Vietnam Construction Equipment Market Opportunity Assessment, By Type, 2031
10.2 Vietnam Construction Equipment Market Opportunity Assessment, By Application, 2031
11 Vietnam Construction Equipment Market - Competitive Landscape
11.1 Vietnam Construction Equipment Market Revenue Share, By Companies, 2024
11.2 Vietnam 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: ETC002009 Publication Date: Apr 2020 Product Type: Report
Publisher: 6Wresearch No. of Pages: 70 No. of Figures: 35 No. of Tables: 5

Vietnam construction equipment market has witnessed growth over the past few years primarily due to the transformation of the economy towards a developing country as well as growing construction and infrastructural development projects in the country. However, Vietnam economy is likely to witness a slowdown during the first three quarters of 2020, due to the outbreak of COVID-19 pandemic. Though, the economic scenario in Vietnam is expected to recover during the second half of 2020 and the construction equipment market in Vietnam is also likely to recover gradually by the end of 2020.

According to 6WresearchVietnam Construction Equipment Market size is likely to witness growth during 2020-2026. This growth is mainly driven by developing the residential construction sector in the country. Additionally, government initiatives towards the development of residential and industrial infrastructure as well as investment in public infrastructures such as transport, energy, and utilities are some of the key initiatives which would further spur the demand for construction equipment in the country during the forecast period.

In terms of equipment types, earthmoving equipment leads to the overall Vietnam construction equipment market primarily due to growing public infrastructure facilities in the country. Additionally, cranes and material handling equipment are also recording growth in the country.

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

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

Markets Covered

The Vietnam 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)

Pricing
  • Single User License
    $ 1,995
  • Department License
    $ 2,400
  • Site License
    $ 3,120
  • Global License
    $ 3,795
6Wresearch Support

Any Query

Call: +91-11-4302-4305
Email us: sales@6wresearch.com
Any Query? Click Here

Industry Events and Analyst Meet

Our Clients

Airtel
Canon
Contec
HoneyWell
Kriloskar
Pwc Logo
Samsung
Tata Teleservices

Whitepaper

Read All