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)) By Countries (Indonesia, Malaysia, Thailand, Philippines, Vietnam And Others) And Competitive Landscape
Product Code: ETC000330 | Publication Date: Dec 2023 | Updated Date: Dec 2024 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 319 | No. of Figures: 210 | No. of Tables: 23 | |
South East Asia Construction Equipment Market report thoroughly covers the market by types, countries and by applications. The market outlook report provides an unbiased and detailed analysis of the ongoing 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.
South East Asia is one of the fastest-growing regions in the world, and construction is a critical sector that drives its economic growth. The region faces several obstacles such as concerning infrastructure development, and labor shortages. This region has seen a significant improvement in the quality of infrastructure, leading to the need for high-quality and advanced construction equipment.
According to 6Wresearch, the South East Asia Construction Equipment Market size is projected to grow at a CAGR of 5.3% during the forecast period 2025-2031. The rapid urbanization across the region. The increase in population and the shift from rural to urban areas result in the need for more infrastructure, residential, and commercial spaces. Investments in infrastructure projects such as highways, airports, and seaports have also contributed to the growth of the South East Asia Construction Equipment industry.
Despite the growth prospects, the market faces several challenges. Such as the limited availability of skilled labor. The lack of skilled labor across the region, makes it challenging to operate and maintain heavy equipment, resulting in higher costs. However, the market is experiencing a few notable trends, such as the rising demand for rental equipment owing to its low costs and flexibility. Additionally, the rising adoption of smart construction equipment is due to its ability to reduce downtime and improve efficiency. Additionally, the trend towards the use of environmentally friendly and energy-efficient equipment is increasing.
Government initiatives are surging the construction industry in the South East Asia region. Governments are investing actively in infrastructure in a bid to spur economic growth and overall development. For example, the Malaysian government plans to invest around MYR 200 billion ($48 billion) in infrastructure projects under the 12th Malaysia Plan. Such initiatives create demand for construction equipment simultaneously with the South East Asia Construction Equipment Market growth.
The market has high competition, with a few major players dominating the market. Some of the key players operating in the market include Caterpillar, Komatsu Ltd., Hitachi Construction Machinery Co., Ltd., AB Volvo, JCB, and Doosan Heavy Industries and Construction Co., Ltd. These companies are investing in innovation and advanced technology to offer new and efficient equipment to the market.
According to Dhaval, Research Manager, 6Wresearch, the corporate enterprise application has remained steadfast in its growth due to Increasing construction demands and ongoing infrastructure projects.
The report offers a comprehensive study of the subsequent 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 South East Asia Construction Equipment Market Overview |
3.1 South East Asia Macro Economic Indicators |
3.2 South East Asia Construction Equipment Market Revenues & Volume, 2021 & 2031F |
3.3 South East Asia Construction Equipment Market - Industry Life Cycle |
3.4 South East Asia Construction Equipment Market - Porter's Five Forces |
3.5 South East Asia Construction Equipment Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 South East Asia Construction Equipment Market Revenues & Volume Share, By Application, 2021 & 2031F |
3.7 South East Asia Construction Equipment Market Revenues & Volume Share, By Countries, 2021 & 2031F |
4 South East Asia Construction Equipment Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 South East Asia Construction Equipment Market Trends |
6. South East Asia Construction Equipment Market , By Type |
6.1 South East Asia Construction Equipment Market Revenues & Volume, By Mobile Cranes 2021 - 2031F |
6.2 South East Asia Construction Equipment Market Revenues & Volume, By Construction Tractor and Bulldozer, 2021 - 2031F |
6.3 South East Asia Construction Equipment Market Revenues & Volume, By Earthmoving Equipment, 2021 - 2031F |
6.4 South East Asia Construction Equipment Market Revenues & Volume, By Aerial Work Equipment, 2021 - 2031F |
6.5 South East Asia Construction Equipment Market Revenues & Volume, By Material Handling Equipment, 2021 - 2031F |
6.6 South East Asia Construction Equipment Market Revenues & Volume, By Dump Trucks, 2021 - 2031F |
6.7 South East Asia Construction Equipment Market Revenues & Volume, By Road Construction Equipment, 2021 - 2031F |
7 South East Asia Construction Equipment Market , By Application |
7.1 South East Asia Construction Equipment Market Revenues & Volume, By Corporate Enterprise, 2021 - 2031F |
7.2 South East Asia Construction Equipment Market Revenues & Volume, By Oil and Gas , 2021 - 2031F |
7.3 South East Asia Construction Equipment Market Revenues & Volume, By Mining, 2021 - 2031F |
7.4 South East Asia Construction Equipment Market Revenues & Volume, By Others, 2021 - 2031F |
8 South East Asia Construction Equipment Market , By Countries |
8.1 South East Asia Construction Equipment Market Revenues & Volume, By Indonesia, 2021 - 2031F |
8.2 South East Asia Construction Equipment Market Revenues & Volume, By Malaysia, 2021 - 2031F |
8.3 South East Asia Construction Equipment Market Revenues & Volume, By Thailand, 2021 - 2031F |
8.4 South East Asia Construction Equipment Market Revenues & Volume, By Philippines, 2021 - 2031F |
8.5 South East Asia Construction Equipment Market Revenues & Volume, By Vietnam, 2021 - 2031F |
8.6 South East Asia Construction Equipment Market Revenues & Volume, By Others, 2021 - 2031F |
9 South East Asia Construction Equipment Market Import-Export Trade Statistics |
9.1 South East Asia Construction Equipment Market Export to Major Countries |
9.2 South East Asia Construction Equipment Market Imports from Major Countries |
10 South East Asia Construction Equipment Market Key Performance Indicators |
11 South East Asia Construction Equipment Market - Opportunity Assessment |
11.1 South East Asia Construction Equipment Market Opportunity Assessment, By Type, 2031 |
11.2 South East Asia Construction Equipment Market Opportunity Assessment, By Application, 2031 |
11.3 South East Asia Construction Equipment Market Opportunity Assessment, By Countries, 2031 |
12 South East Asia Construction Equipment Market - Competitive Landscape |
12.1 South East Asia Construction Equipment Market Revenue Share, By Companies, 2024 |
12.2 South East Asia Construction Equipment Market Competitive Benchmarking, By Operating and Technical Parameters |
13 Company Profiles |
14 Recommendations |
15 Disclaimer |
Market Forecast by Equipment Types (Motor Graders, Earthmoving Equipment (Loader, Motor Grader, Crawler Dozer and Excavator) and Dump Trucks), Applications (Construction, Mining & Quarrying and Utilities) and Countries (Indonesia, Malaysia, Thailand, Philippines, Vietnam and Others)
Product Code: ETC000330 | Publication Date: Oct 2016 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 319 | No. of Figures: 223 | No. of Tables: 10 |
Rising government spending for upgrading existing infrastructure combined with new projects especially in countries such as Indonesia and Malaysia, and budding utility projects (Hydropower & Thermal Power) in Laos, Cambodia and Thailand have resulted in the growing demand for construction equipment in the South-East Asia region. Moreover, signs of economic recovery in several South-East Asian countries associated with an increase in inflows of FDI have resulted in the growth of the construction market.
According to 6Wresearch, the South-East Asia construction equipment market is forecast to grow at a CAGR of 2.3% during 2016-22. Several Chinese equipment manufacturers have started targeting the South-East Asian market, which has resulted in a decline in the prices of equipment due to growing competition. Amongst all applications, the construction application segment accounted for the majority revenues share in the region followed by mining and utility applications, respectively.
Also, Indonesia held the majority of revenues share in the overall South-East Asia construction equipment market owing to increasing infrastructure developments and commercial construction. However, during the forecast period, Vietnam and the Philippines are expected to exhibit the highest growth rates.
The report thoroughly covers the market by construction equipment types, applications, countries, and regions. The report provides an unbiased and detailed analysis of the ongoing trends, opportunities/ high growth areas, market drivers, which would help stakeholders to devise and align market strategies according to current and future market dynamics.
The Southeast Asia Construction equipment market is projected to gain popularity in the forthcoming years backed by the rising infrastructural development in the country. Further, after the Covid -19 lockdown, the economy confidentially rebound by introducing some residential construction projects like civil servants housing projects, first servants housing projects is leading to strengthening the growth of the residential sector with the growing construction of houses is estimated to bolster the demand for construction equipment and is expected to bolster the growth of the Southeast Asia construction equipment market in the years ahead.
Key Highlights of the Report:
• Historical Data & Forecast of South-East Asia Construction Equipment Market Revenues &
Volume for the Period 2010-2022
• Historical Data & Forecast of Indonesia Construction Equipment Market Revenues & Volume for the Period
2010-2022
• Historical Data & Forecast of Indonesia Construction Equipment Market Revenues, By Types, Applications &
Regions for 2010-2022
• Historical Data & Forecast of Malaysia Construction Equipment Market Revenues & Volume for the Period 2010-2022
• Historical Data & Forecast of Malaysia Construction Equipment Market Revenues, By Types, Applications & Regions
for 2010-2022
• Historical Data & Forecast of Thailand Construction Equipment Market Revenues & Volume for the Period 2010-2022
• Historical Data & Forecast of Thailand Construction Equipment Market Revenues, By Types, Applications & Regions
for 2010-2022
• Historical Data & Forecast of Philippines Construction Equipment Market Revenues & Volume
for the Period 2010-2022
• Historical Data & Forecast of Philippines Construction Equipment Market Revenues, By Types, Applications
& Regions for 2010-2022
• Historical Data & Forecast of Vietnam Construction Equipment Market Revenues & Volume for the Period 2010-2022
• Historical Data & Forecast of Vietnam Construction Equipment Market Revenues, By Types, Applications & Regions
for 2010-2022
• Porter's Five Forces Analysis
• Market Drivers, Restraints and Trends
• Players Market Share and Competitive Landscape
• Recommendations
Markets Covered:
The report provides a detailed analysis of the following market segments:
• By Construction Equipment Types:
o Mobile Cranes
o Earthmoving Equipment
o Loader
o Motor Grader
o Crawler Dozer
o Excavator
o Dump Trucks
• Applications:
o Construction
o Mining Quarrying
o Utilities
• Countries:
o Indonesia
o Malaysia
o Thailand
o the Philippines
o Vietnam
o Others