ASEAN Construction Machinery Market - Segmented by Machine Type, End-user, and Geography - Growth, Trends, and Forecast (2018 - 2023)

  • ID: 4544657
  • Report
  • Region: ASEAN
  • 95 pages
  • Mordor Intelligence
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FEATURED COMPANIES

  • BEML
  • Caterpillar
  • JCB
  • Liebherr
  • Mitsubishi
  • MORE
ASEAN has a strong demand for heavy machinery, with the largest construction project pipeline globally, with approximately USD 4.9 trillion worth of projects. Exports of heavy machinery from Singapore to the rest of the ASEAN region has grown steadily at a CAGR of 7.0%, which is supported by the key drivers, led by the investment in construction projects in the ASEAN region. Two examples of high growth opportunities in ASEAN are the Philippines and Thailand, among others. Singapore exports of heavy machinery to Thailand has the second fastest growth in the region, with a CAGR of 15.2%. On the other hand, exports of machinery from Singapore to the Philippines is registering a CAGR of 3.9%.

PHILIPPINES BOASTS OF HIGH MARKET OPPORTUNITIES.. WHY?

The Philippines has one of the highest CAGR of 3.9% for Singapore exports of heavy machinery, among the ASEAN countries. Its construction industry has one of the highest growth forecast among the ASEAN countries and is expected to continue registering a CAGR of 11.1%, during the forecast period. The Philippines construction sector will benefit from the government expenditure of approximately USD 144 billion on infrastructure over the next 6 years. Hence, we expect an increase in government involvement in planning, coordinating and financing projects, which will also generate further demand for heavy machinery.

The market study on ASEAN construction machinery market is segmented into cranes, excavators, loaders, backhoe, motor graders, and others based on machinery type; concrete and road construction, earth moving and material handling based on end-user. This study covers all the major countries of ASEAN which includes Indonesia, Thailand, Vietnam, Singapore, Philippines, and Others (Malaysia, Cambodia, Myanmar)

Key Developments:
  • November 2017 - Pt. Sumitomo S.H.I. Construction Machinery Southeast Asia introduced the latest generation of Excavator products with 6 series that have more sophisticated technology, higher productivity, and high fuel efficiency the previous series.
Major Players: KOBELCO CONSTRUCTION MACHINERY, HITACHI CONSTRUCTION MACHINERY, SUMITOMO CONSTRUCTION MACHINERY, CNH INDUSTRIAL, amongst others

Reasons to Purchase this Report:
  • To study current and future market outlook in the developed and emerging markets
  • Analyzing various perspectives of the market with the help of Porter’s five forces analysis
  • Detailed analysis of the segment that is expected to dominate the market
  • Regions that are expected to witness fastest growth during the forecast period
  • Identify the latest developments, market shares, and strategies employed by the major market players
  • 3-month analyst support, along with the Market Estimate sheet (in Excel)
Report Customization:

This report can be customized to meet your requirements.
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Note: Product cover images may vary from those shown
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FEATURED COMPANIES

  • BEML
  • Caterpillar
  • JCB
  • Liebherr
  • Mitsubishi
  • MORE
1. Introduction
1.1 Scope of the Market
1.2 Market Definition
1.3 Executive Summary

2. Research Methodology
2.1 Study Deliverables
2.2 Analysis Methodology
2.3 Study Phases
2.4 Econometric Forecast Model

3. Market Insights
3.1 Current Market Scenario
3.2 Technology Trends
3.3 Industry Attractiveness - Porter's Five Forces Analysis
3.3.1 Bargaining Power of Suppliers
3.3.2 Bargaining Power of Buyers
3.3.3 Threat of New Entrants
3.3.4 Threat of Substitute Products/Services
3.3.5 Intensity of Competitive Rivalry
3.4 Government Regulations and Incentives, Manufacturing Standards
3.5 Supply Chain Analysis

4. Market Dynamics
4.1 Drivers
4.2 Restraints
4.3 Opportunities

5. Market Segmentation And Analysis (Market Size, Growth, And Forecast)
5.1 By Machine Type
5.1.1 Cranes
5.1.2 Excavators
5.1.3 Loaders
5.1.4 Backhoe
5.1.5 Motor Graders
5.1.6 Others
5.2 By End-user
5.2.1 Concrete and Road Construction
5.2.2 Earth Moving
5.2.3 Material Handling

6. Regional Market Analysis (Market Size, Growth, And Forecast)
6.1 Indonesia
6.2 Thailand
6.3 Vietnam
6.4 Singapore
6.5 Others (Malaysia, Cambodia, Philippines, Myanmar)

7. Future Of The Market

8. Competitive Landscape
8.1 Mergers & Acquisitions, Joint Ventures, Collaborations, and Agreements
8.2 Market Share Analysis**
8.3 Strategies Adopted by Leading Players

9. Company Profiles (Overview, Financials**, Products & Services, Recent Developments, And Analyst View)
9.1 Kobelco Construction Machinery
9.2 Hitachi Construction Machinery
9.3 Sumitomo Construction Machinery
9.4 CNH Industrial (Case Construction)
9.5 Caterpillar
9.6 BEML
9.7 Liebherr
9.8 Mitsubishi
9.9 JCB
9.10 *List Not Exhaustive

10. Disclaimer

11. **Subject to Availability on Public Domain
Note: Product cover images may vary from those shown
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  • Kobelco Construction Machinery
  • Hitachi Construction Machinery
  • Sumitomo Construction Machinery
  • CNH Industrial (Case Construction)
  • Caterpillar
  • BEML
  • Liebherr
  • Mitsubishi
  • JCB
Note: Product cover images may vary from those shown
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Note: Product cover images may vary from those shown
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