Accessibility Statement Skip Navigation
  • Resources
  • Blog
  • Journalists
  • +44 (0)20 7454 5110
  • Client Login
  • Send a Release
Return to PR Newswire homepage
  • News
  • Products
  • Contact
When typing in this field, a list of search results will appear and be automatically updated as you type.

Searching for your content...

No results found. Please change your search terms and try again.
  • News in Focus
      • Browse News Releases

      • All Public Company News
      • All Multimedia News
      • View All News Releases

      • Regulatory News

      • D/A/CH Regulatory News
      • UK Regulatory News
      • View All Regulatory News

  • Business & Money
      • Auto & Transportation

      • Aerospace & Defense
      • Air Freight
      • Airlines & Aviation
      • Automotive
      • Maritime & Shipbuilding
      • Railroads & Intermodal Transportation
      • Supply Chain/Logistics
      • Transportation, Trucking & Railroad
      • Travel
      • Trucking & Road Transportation
      • View All Auto & Transportation

      • Business Technology

      • Blockchain
      • Broadcast Tech
      • Computer & Electronics
      • Computer Hardware
      • Computer Software
      • Data Analytics
      • Electronic Commerce
      • Electronic Components
      • Electronic Design Automation
      • Financial Technology
      • High Tech Security
      • Internet Technology
      • Nanotechnology
      • Networks
      • Peripherals
      • Semiconductors
      • View All Business Technology

      • Entertain­ment & Media

      • Advertising
      • Art
      • Books
      • Entertainment
      • Film & Motion Picture
      • Magazines
      • Music
      • Publishing & Information Services
      • Radio & Podcast
      • Television
      • View All Entertain­ment & Media

      • Financial Services & Investing

      • Accounting News & Issues
      • Acquisitions, Mergers & Takeovers
      • Banking & Financial Services
      • Bankruptcy
      • Bond & Stock Ratings
      • Conference Call Announcements
      • Contracts
      • Cryptocurrency
      • Dividends
      • Earnings
      • Earnings Forecasts & Projections
      • Financing Agreements
      • Insurance
      • Investments Opinions
      • Joint Ventures
      • Mutual Funds
      • Private Placement
      • Real Estate
      • Restructuring & Recapitalisation
      • Sales Reports
      • Shareholder Activism
      • Shareholder Meetings
      • Stock Offering
      • Stock Split
      • Venture Capital
      • View All Financial Services & Investing

      • General Business

      • Awards
      • Commercial Real Estate
      • Corporate Expansion
      • Earnings
      • Environmental, Social and Governance (ESG)
      • Human Resource & Workforce Management
      • Licensing
      • New Products & Services
      • Obituaries
      • Outsourcing Businesses
      • Overseas Real Estate (non-US)
      • Personnel Announcements
      • Real Estate Transactions
      • Residential Real Estate
      • Small Business Services
      • Socially Responsible Investing
      • Surveys, Polls & Research
      • Trade Show News
      • View All General Business

  • Science & Tech
      • Consumer Technology

      • Artificial Intelligence
      • Blockchain
      • Cloud Computing/Internet of Things
      • Computer Electronics
      • Computer Hardware
      • Computer Software
      • Consumer Electronics
      • Cryptocurrency
      • Data Analytics
      • Electronic Commerce
      • Electronic Gaming
      • Financial Technology
      • Mobile Entertainment
      • Multimedia & Internet
      • Peripherals
      • Social Media
      • STEM (Science, Tech, Engineering, Math)
      • Supply Chain/Logistics
      • Wireless Communications
      • View All Consumer Technology

      • Energy & Natural Resources

      • Alternative Energies
      • Chemical
      • Electrical Utilities
      • Gas
      • General Manufacturing
      • Mining
      • Mining & Metals
      • Oil & Energy
      • Oil & Gas Discoveries
      • Utilities
      • Water Utilities
      • View All Energy & Natural Resources

      • Environ­ment

      • Conservation & Recycling
      • Environmental Issues
      • Environmental Policy
      • Environmental Products & Services
      • Green Technology
      • Natural Disasters
      • View All Environ­ment

      • Heavy Industry & Manufacturing

      • Aerospace & Defence
      • Agriculture
      • Chemical
      • Construction & Building
      • General Manufacturing
      • HVAC (Heating, Ventilation & Air-Conditioning)
      • Machinery
      • Machine Tools, Metalworking & Metallurgy
      • Mining
      • Mining & Metals
      • Paper, Forest Products & Containers
      • Precious Metals
      • Textiles
      • Tobacco
      • View All Heavy Industry & Manufacturing

      • Telecomm­unications

      • Carriers & Services
      • Mobile Entertainment
      • Networks
      • Peripherals
      • Telecommunications Equipment
      • Telecommunications Industry
      • VoIP (Voice over Internet Protocol)
      • Wireless Communications
      • View All Telecomm­unications

  • Lifestyle & Health
      • Consumer Products & Retail

      • Animals & Pets
      • Beers, Wines & Spirits
      • Beverages
      • Bridal Services
      • Cannabis
      • Cosmetics & Personal Care
      • Fashion
      • Food & Beverages
      • Furniture & Furnishings
      • Home Improvement
      • Household, Consumer & Cosmetics
      • Household Products
      • Jewellery
      • Non-Alcoholic Beverages
      • Office Products
      • Organic Food
      • Product Recalls
      • Restaurants
      • Retail
      • Supermarkets
      • Toys
      • View All Consumer Products & Retail

      • Entertain­ment & Media

      • Advertising
      • Art
      • Books
      • Entertainment
      • Film & Motion Picture
      • Magazines
      • Music
      • Publishing & Information Services
      • Radio & Podcast
      • Television
      • View All Entertain­ment & Media

      • Health

      • Biometrics
      • Biotechnology
      • Clinical Trials & Medical Discoveries
      • Dentistry
      • FDA Approval
      • Fitness/Wellness
      • Health Care & Hospitals
      • Health Insurance
      • Infection Control
      • International Medical Approval
      • Medical Equipment
      • Medical Pharmaceuticals
      • Mental Health
      • Pharmaceuticals
      • Supplementary Medicine
      • View All Health

      • Sports

      • General Sports
      • Outdoors, Camping & Hiking
      • Sporting Events
      • Sports Equipment & Accessories
      • View All Sports

      • Travel

      • Amusement Parks & Tourist Attractions
      • Gambling & Casinos
      • Hotels & Resorts
      • Leisure & Tourism
      • Outdoors, Camping & Hiking
      • Passenger Aviation
      • Travel Industry
      • View All Travel

  • Policy & Public Interest
      • Policy & Public Interest

      • Animal Welfare
      • Corporate Social Responsibility
      • Economic News, Trends & Analysis
      • Education
      • Environmental
      • European Government
      • Labour & Union
      • Natural Disasters
      • Not For Profit
      • Public Safety
      • View All Policy & Public Interest

  • People & Culture
      • People & Culture

      • Aboriginal, First Nations & Native American
      • African American
      • Asian American
      • Children
      • Diversity, Equity & Inclusion
      • Hispanic
      • Lesbian, Gay & Bisexual
      • Men's Interest
      • People with Disabilities
      • Religion
      • Senior Citizens
      • Veterans
      • Women
      • View All People & Culture

  • Overview
  • Distribution
  • Paid Placement
  • Multimedia
  • Disclosure Services
  • SocialBoost
  • Rooms
    • MediaRoom
    • ESG Rooms
  • AI Tools
  • General Enquiries
  • Media Enquiries
  • Partnerships
  • Hamburger menu
  • Cision PR Newswire UK provides press release distribution, targeting, monitoring, and marketing services
  • Send a Release
    • Phone

    • +44 (0)20 7454 5110 from 8 AM - 5:30 PM GMT

    • ALL CONTACT INFO
    • Contact Us

      +44 (0)20 7454 5110
      from 8 AM - 5:30 PM GMT

  • Client Login
  • Send a Release
  • Resources
  • Blog
  • Journalists
  • News in Focus
    • Browse News Releases
    • Regulatory News
  • Business & Money
    • Auto & Transportation
    • Business Technology
    • Entertain­ment & Media
    • Financial Services & Investing
    • General Business
  • Science & Tech
    • Consumer Technology
    • Energy & Natural Resources
    • Environ­ment
    • Heavy Industry & Manufacturing
    • Telecomm­unications
  • Lifestyle & Health
    • Consumer Products & Retail
    • Entertain­ment & Media
    • Health
    • Sports
    • Travel
  • Policy & Public Interest
    • Policy & Public Interest
  • People & Culture
    • People & Culture
  • Client Login
  • Send a Release
  • Resources
  • Blog
  • Journalists
  • Overview
  • Distribution
  • Paid Placement
  • Multimedia
  • Disclosure Services
  • Cision Communications Cloud®
  • AI Tools
  • Client Login
  • Send a Release
  • Resources
  • Blog
  • Journalists
  • General Enquiries
  • Media Enquiries
  • Partnerships
  • Client Login
  • Send a Release
  • Resources
  • Blog
  • Journalists

Southeast Asia Construction Equipment Market Poised for Remarkable Expansion, the Sales to Reach 97,452 Units by 2029 - Arizton

This image opens in the lightbox

News provided by

Arizton Advisory & Intelligence

07 Mar, 2024, 17:50 GMT

Share this article

Share toX

Share this article

Share toX

CHICAGO, March 7, 2024 /PRNewswire/ -- According to Arizton's latest research report, the Southeast Asia construction equipment market will grow at a CAGR of 4.69% from 2023-2029.

To Know More, Download the Free Sample Report: https://www.arizton.com/request-sample/4121

Continue Reading
This image opens in the lightbox
Southeast Asia Construction Equipment Market - Strategic Assessment & Forecast 2024-2029

Southeast Asia Construction Equipment Market Scope

Report Attributes

Details

Market Size- Volume (2029)

97,452 Units

Market Size- Volume (2023)

74,025 Units

CAGR- Volume (2023-2029)

4.69 %

Market Size- Revenue (2029)

USD 9.1 Billion

Historic Year

2020-2022

Base Year

2023

Forecast Year

2024-2029

Equipment Type

Earthmoving Equipment, Road Construction Equipment, Material Handling Equipment, and Other Equipment

End-Users

Construction, Mining, Manufacturing, and Others

Market Dynamics

•  Surge in Investment in the Construction Industry

•  High Expenditure in Green Hydrogen Projects

•  Prominent Mining Sector in the Region

Governments invest in construction projects in major Southeast Asian countries, such as Indonesia, Malaysia, and Singapore. The Penang Transport Master Plan, MRT Circle development project, and Sarawak-Sabah Link Road project in Malaysia are some significant projects. Governments are also focusing on mining projects in Indonesia and Thailand. Southeast Asian countries, such as Indonesia, Thailand, and Malaysia, primarily invest in the mining of tin, nickel, cobalt, and bauxite in response to the rise in the global demand for electric construction equipment. Indonesia has the largest nickel reserve in the world and possesses 21 million tons of nickel reserves, according to Indonesia's Investment Coordinating Board, 2022. Investments in construction and mining projects across Southeast Asian countries are expected to drive the demand for earthmoving equipment.

High Demand for Rental Construction Equipment to Hinder the Southeast Asia Construction Equipment Market Growth

  • The global pandemic and geopolitical crises have resulted in supply chain disruptions for construction equipment manufacturing, ultimately driving prices upwards. For example, the semiconductor chips required for equipment engines have recently risen manifold times.
  • The price of some microcontroller chips in Malaysia has increased by approximately 400% in 2022. Additionally, chip manufacturing costs in Singapore increased by 20% in 2022.
  • Other raw materials, such as prices of steel, have also magnified. The cost of iron ore and choking coal, key inputs in steel production, has also risen.

Vendor Insights

  • Caterpillar, Komatsu, Liebherr, Volvo CE, Hitachi Construction Machinery, Zoomlion, XCMG, and SANY are leaders in the Southeast Asia construction equipment market. These companies have a strong market share and offer diverse sets of equipment.
  • Liugong, Terex, Toyota Material Handling, JCB, Manitou, Yanmar, and Takeuchi are niche players in the Southeast Asia construction equipment market. These companies offer low product diversification and have a strong presence in Southeast Asia's local market.
  • Kubota, Kobelco, Sumitomo, HD Hyundai Construction Equipment, and DEVELON are emerging. These companies are introducing new technologically advanced products to challenge the share of Southeast Asia construction equipment market leaders in the region.
  • Sunward, Tadano, Haulotte, Kato Works Co. Ltd., AUSA, Merlo Spa, CNH Industrial, Shantui, Bobcat, and Ammann have low product diversification in the Southeast Asia construction equipment market; these companies are lagging in adopting new technologies used in construction equipment.
  • In Jan 2023, Kobelco Construction Machinery stated the sales of the TK750GLB crawler crane with a maximum lifting capacity of 75 tons. With a maximum length of 35.0 m for the boom, the TK750GLB surpasses the preceding model TK750G by 5 m in lifting height and 2 m in operating radius, resulting in a 2.7 t increase in lifting capacity with the basic boom specification.

What's Included in the Report:

  • Impact of COVID-19
  • CAGR for the forecast period 2023-2029
  • All construction equipment types include earthmoving, road building, and material handling.
  • Construction equipment used by end users, such as construction, mining, warehouse & transport, and other industries.
  • Volume and Value within countries are based on domestic demand and supply.
  • Construction equipment imported from other countries (excluding used equipment).
  • The Construction equipment market includes only new equipment unless we have provided a used/lease/rental market separately.
  • All currency conversions are in USD unless specifically stated.
  • The volume market signifies Unit Sales and is in absolute numbers, and the value market signifies US $ millions unless specifically mentioned.
  • Global and regional manufacturers have a significant presence in the region/country, and domestic manufacturers are considered for evaluations in vendor capability matrix.
  • Companies' functional capabilities, such as regional revenue, segment revenue, distribution status, mergers & acquisition, brand positioning, and operational capabilities, such as product launches, production capacity, technology adoption, and promotional strategies, were collected through secondary research and mapped in four quadrants to position them as front runner, straggler, emerger, and nicher.

Southeast Asia Construction Equipment Market Dynamics

Drivers

  • Surge in Investment in the Construction Industry
  • High Expenditure in Green Hydrogen Projects
  • Prominent Mining Sector in the Region

Trends

  • Rise in Investment in Renewable Energy Sector
  • Rising Focus on Compact & Electric Construction Equipment
  • Rise in Waste-to-Energy Projects

Challenges

  • Skilled Labor Shortage
  • Rising Construction Costs
  • High Demand for Rental Construction Equipment

Opportunities

  • Increasing investments to achieve net-zero emission by 2050
  • Significant investments in R&D
  • Incorporation of Smart Technology

Buy this Research @ https://www.arizton.com/market-reports/south-east-asia-construction-equipment-market

Post-Purchase Benefit                      

  • 1hr of free analyst discussion
  • 10% off on customization

Key Vendors

  • Caterpillar
  • Hitachi Construction Machinery
  • Komatsu
  • Liebherr
  • Volvo Construction Equipment 
  • Kobelco
  • Kubota
  • Zoomlion Heavy Industry Science & Technology Co., Ltd.
  • SANY
  • Xuzhou Construction Machinery Group (XCMG)
  • Hyundai Construction Equipment
  • SUMITOMO CONSTRUCTION MACHINERY CO., LTD.
  • Develon
  • JCB
  • Yanmar
  • Tadano
  • Takeuchi Manufacturing
  • Manitou
  • Toyota Material Handling
  • AUSA
  • KATO WORKS CO., LTD.
  • Haulotte
  • MERLO S.p.A.
  • Bobcat
  • Terex Corporation
  • LiuGong
  • CNH Industrial
  • Sunward Intelligent Equipment Group
  • Shantui Construction Machinery Co., Ltd.
  • AMMANN

Distributor Profiles

  • Sia & Yeo Heavy Equipment Pte Ltd
  • TIONG LEE HUAT MACHINERY & CONSTRUCTION PTE LTD
  • PLS MACHINERY PTE LTD
  • Ricon
  • LAND EQUIPMENT PTE LTD
  • Italthai Industrial
  • Leadway Heavy Machinery Co., Ltd.
  • Ariya Group
  • Paragon Machinery
  • PT Indotruck Utama
  • United Tractors
  • Multicrane Perkasa
  • PT Airindo Sakti
  • SIN LOY HENG Engineering Sdn Bhd
  • UM Construction Equipment Sdn Bhd
  • Topspot Heavy Equipment Inc.
  • BinhLoi CO.,LTD

Market Segmentation

Type

  • Earthmoving Equipment
    • Excavator
    • Backhoe Loaders
    • Wheeled Loaders
    • Other Earthmoving Equipment (Other loaders, Bulldozers, Trenchers)
  • Road Construction Equipment
    • Road Rollers
    • Asphalt Pavers
  • Material Handling Equipment
    • Crane
    • Forklift & Telescopic Handlers
    • Aerial Platforms (Articulated Boom Lifts, Telescopic Boom lifts, Scissor lifts)
  • Other Construction Equipment
    • Dumper
    • Tipper
    • Concrete Mixer
    • Concrete Pump Truck
  • End Users
    • Construction
    • Mining
    • Manufacturing
    • Others (Power Generation, Utilities Municipal Corporations, Oil & Gas, Cargo Handling, Power Generation Plants, Waste Management)
  • Region
    • Indonesia
    • Thailand
    • Philippines
    • Malaysia
    • Singapore
    • Rest of Southeast Asia

Key Questions Answered in the Report:

How big is the Southeast Asia construction equipment market?

What is the growth rate of the Southeast Asia construction equipment market?

Who are the key players in the Southeast Asia construction equipment market?

What are the trends in the Southeast Asia construction equipment market?

Which are the major distributor companies in the Southeast Asia construction equipment market?

Get the Detailed TOC @ https://www.arizton.com/market-reports/south-east-asia-construction-equipment-market?details=tableOfContents

Check Out Some of the Top Selling Research Reports:    

Indonesia Compact Construction Equipment Market - Strategic Assessment & Forecast 2023-2029

Australia Compact Construction Equipment Market - Strategic Assessment & Forecast 2023-2029

Singapore Construction Equipment Market - Strategic Assessment & Forecast 2024-2029

Japan Construction Equipment Market - Strategic Assessment & Forecast 2024-2029

Why Arizton?               

100% Customer Satisfaction               

24x7 availability – we are always there when you need us               

200+ Fortune 500 Companies trust Arizton's report               

80% of our reports are exclusive and first in the industry               

100% more data and analysis               

1500+ reports published till date                

About Us:                                                    

Arizton Advisory and Intelligence is an innovative and quality-driven firm that offers cutting-edge research solutions to clients worldwide. We excel in providing comprehensive market intelligence reports and advisory and consulting services.                                                  

We offer comprehensive market research reports on consumer goods & retail technology, automotive and mobility, smart tech, healthcare, life sciences, industrial machinery, chemicals, materials, I.T. and media, logistics, and packaging. These reports contain detailed industry analysis, market size, share, growth drivers, and trend forecasts.                                                   

Arizton comprises a team of exuberant and well-experienced analysts who have mastered generating incisive reports. Our specialist analysts possess exemplary skills in market research. We train our team in advanced research practices, techniques, and ethics to outperform in fabricating impregnable research reports.                                                         

Contact Us                                                 

Call: +1-312-235-2040                                                
          +1 302 469 0707                                               
Mail: enquiry@arizton.com                                                 
Contact Us: https://www.arizton.com/contact-us                                                 
Blog: https://www.arizton.com/blog                      

Photo: https://mma.prnewswire.com/media/2357102/SouthEast_Asia_Construction_Equipment_Market.jpg
Logo:  https://mma.prnewswire.com/media/818553/Arizton_Logo.jpg 

Modal title

Also from this source

The US Sleep Supplements Market is Set to Reach $1.45 Billion by 2029 - Exclusive Focus Insight Report by Arizton

The US Sleep Supplements Market is Set to Reach $1.45 Billion by 2029 - Exclusive Focus Insight Report by Arizton

According to Arizton's latest focus insight report, the US sleep supplements market is growing at a CAGR of 5.97% during 2023-2029. To Know More,...

The US Neonatal Incubators Market to Reach $121.11 Million by 2029 - Specialty Hospitals to Contribute Major Share in the Market - Exclusive Focus Insight Report by Arizton

The US Neonatal Incubators Market to Reach $121.11 Million by 2029 - Specialty Hospitals to Contribute Major Share in the Market - Exclusive Focus Insight Report by Arizton

According to Arizton's latest focus insight report, the US Neonatal incubators market is growing at a CAGR of 3.57% during 2023-2029.   To Know More, ...

More Releases From This Source

Explore

Mining & Metals

Mining & Metals

Mining & Metals

Mining & Metals

Machinery

Machinery

Construction & Building

Construction & Building

News Releases in Similar Topics

Contact PR Newswire

  • +44 (0)20 7454 5110
    from 8 AM - 5:30 PM GMT
  • General Enquiries
  • Media Enquiries
  • Partnerships

Products

  • Content Distribution
  • Multimedia Services
  • Disclosure Services
  • Cision Communications Cloud®

About

  • About PR Newswire
  • About Cision
  • Partnering Opportunities
  • Careers
  • APAC
  • APAC - Simplified Chinese
  • APAC - Traditional Chinese
  • Brazil
  • Canada
  • Czech
  • Denmark
  • Finland
  • France
  • Germany
  • India
  • Indonesia
  • Israel
  • Japan
  • Korea
  • Mexico
  • Middle East
  • Middle East - Arabic
  • Netherlands
  • Norway
  • Poland
  • Portugal
  • Russia
  • Slovakia
  • Spain
  • Sweden
  • United States
  • Vietnam

My Services

  • All News Releases
  • Customer Portal
  • Resources
  • Blog
  • Journalists
  • Data Privacy

Do not sell or share my personal information:

  • Submit via Privacy@cision.com 
  • Call Privacy toll-free: 877-297-8921

Contact PR Newswire

Products

About

My Services
  • All News Releases
  • Customer Portal
  • Resources
  • Blog
  • Journalists
+44 (0)20 7454 5110
from 8 AM - 5:30 PM GMT
  • Terms of Use
  • Privacy Policy
  • Information Security Policy
  • Site Map
  • RSS
  • Cookie Settings
Copyright © 2025 PR Newswire Europe Limited. All Rights Reserved. A Cision company.