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Thailand Crawler Excavator Market - Strategic Assessment & Forecast 2021-2027

  • ID: 5351535
  • Report
  • June 2021
  • Region: Thailand
  • 72 pages
  • Arizton
UP TO OFF
until Sep 30th 2021

FEATURED COMPANIES

  • and Kobelco
  • Caterpillar
  • Doosan Excavator
  • Ingersoll Rand
  • JCB
  • Komatsu
  • MORE
1h Free Analyst Time

Speak directly to the analyst to clarify any post sales queries you may have.

In-depth Analysis and Data-driven Insights on the Impact of COVID-19 Included in this Thailand Crawler Excavator Market Report

Thailand crawler excavator market is growing at a CAGR of 5.98% during the period 2021-2027

The demand in the Thailand crawler excavators market fell by 18% in 2020, but unit sales are projected to recover to pre-covid levels by 2023, assuming geopolitical stability. Public investment is projected to remain a key driver in the Thailand market, increasing over the next few years, in line with the government’s infrastructure plans to attract private investment.

The report considers the present scenario of the Thailand crawler excavator market in Indonesia and its market dynamics for the forecast period 2021-2027. It covers a detailed overview of several growth enablers, restraints, and trends in the market. The study includes the volume and value sales with segment analysis of the Indonesia crawler excavator market.

KEY HIGHLIGHTS FROM THE REPORT

  • Manufacturers are making operational advances in their excavator motors, hydraulic systems, structure, tracks, and cab construction to improve their telematics fuel efficiency and competitiveness.
  • Thailand is the preferred investment location due to its excellent digital infrastructure, highly skilled labour force, and high quality of living, boosting the growth of the crawler excavator market.
  • The crawler excavator market moves towards an innovative industry by switching to intelligent systems driven by IoT and data analysis for service, networking, and sustainability.

THAILAND CRAWLER EXCAVATOR MARKET INSIGHTS

  • Increasing investment in road construction, housing projects, and Smart Cities projects is expected to spike medium excavators' demand.
  • Excavators used in the construction industry accounted for the largest share of around 42% due to huge government expenditure on the construction project.
  • Thailand's crawler excavator market demand is majorly driven by mining activities expected to show significant growth across the country.
  • Caterpillar strategizes to deliver high-quality power systems and machines by focusing on implementing defect-free initiatives in the country.
  • Due to the high procurement and maintenance cost of excavators, rentals are preferred by the contractors; thus, the rental segment will rise eventually.

THAILAND CRAWLER EXCAVATOR MARKET - VENDOR LANDSCAPE

Caterpillar, Komatsu, Hitachi Construction Machinery, JCB, Hyundai Construction Equipment (HCE), SANY, Doosan Excavator, Volvo Construction Equipment, and Kobelco are the major vendor in the Thailand crawler excavator market. Komatsu is strategizing to set up manufacturing units in those countries where its products are sold. The company can establish a global network of production and sales in the market. Due to intense competition in technology and design, excavator makers are marketing their devices vigorously, focused on technologically innovative features and a wide variety of attachments.

Major Vendors

  • Caterpillar
  • Komatsu
  • Hitachi Construction Machinery
  • JCB
  • Hyundai Construction Equipment (HCE)
  • SANY
  • Doosan Excavator
  • Volvo Construction Equipment
  • and Kobelco

Other Prominent Vendors

  • Sumitomo Construction Machinery
  • Xuzhou Construction Machinery Group Co., Ltd. (XCMG
  • Leeboy
  • Kubota Machinery
  • Ingersoll Rand
  • Liebherr Group

THAILAND CRAWLER EXCAVATOR MARKET - SEGMENTAL ANALYSIS

  • OEMs are majorly focusing on medium crawler excavators as this range is witnessing major demand in the recent past, and it is further expected to boost during the forecast period.
  • Thailand crawler excavator market revenue by agriculture is expected to reach USD 76.3 million by 2027, growing at a CAGR of 6.43%.
  • With the emergence of remote operation of excavators deep down in mines and the advent of 5G technology, the demand for excavators used in mining is expected to boost as it is comparatively safer to operate excavators from a distance.
  • Thailand’s mini crawler excavator market is expected to reach 2,990 units by 2027, growing at a CAGR of 6.47%.

Segmentation by Excavator Type and Operating Weight

  • Mini (0-6 tons)
  • Small (6-25 tons)
  • Medium (25-40 tons)
  • Large (>40 tons)

Segmentation by Application

  • Mining
  • Construction
  • Agriculture
  • Forestry
  • Others

Segmentation by Gross Power Output

  • 61-101 HP
  • 102-200 HP
  • >201 HP

WHY SHOULD YOU BUY THIS REPORT?

This report is among the few in the market that offers outlook and opportunity analysis forecast in terms of

Volume (Unit sales)

  • Type
  • Excavator Type and Operating Weight
  • Application
  • Gross Power Output

Value (USD)

  • Type
  • Excavator Type and Operating Weight
  • Application
  • Gross Power Output
  • Gain competitive intelligence about the economic scenario, advantages in Thailand, major projects and investments, market dynamics, and market share
  • Examples of latest technologies
  • Get presentation-ready format and easy-to-interpret data.
  • Enable decision-makers to make informed and profitable choices
  • Gain expert quantitative and qualitative analysis on value/volume growth projections of the Thailand crawler excavator market share
  • Complete supply chain analysis
  • Get COVID-19 impact analysis of the market
  • Company Profile of 15 major vendors

KEY QUESTIONS ANSWERED:

1. What is the unit volume of the Thailand crawler excavator market in 2026?
2. Who are the top players in the Thailand crawler excavator market?
3. Which segment accounted for the largest crawler excavator market share?
4. What is the growth of Thailand’s mini excavator market?
5. What are the favorable government regulations enabling crawler excavator market growth in Thailand?

Note: Product cover images may vary from those shown

FEATURED COMPANIES

  • and Kobelco
  • Caterpillar
  • Doosan Excavator
  • Ingersoll Rand
  • JCB
  • Komatsu
  • MORE
Section 1 - Introduction
  • Market Snapshot
  • Executive Summary
Section 2 - The Market Overview
  • Economic Scenario, Advantage Thailand, Equipment Financing
Section 3- Technological Advances
  • Technology Adoption by Major Vendors with Examples
Section 4 Market Dynamics
  • Market Drivers, Restraints, Trends
Section 5 - Thailand Crawler Excavator Market (Type & Operating Weight)
1. Thailand Crawler Excavator Market by Excavator Market by Type (Operating Weight)
  • Mini Crawler Excavator, Market Size and Forecast, Volume & Value, 2018-2027
  • Small Crawler Excavator, Market Size and Forecast, Volume & Value, 2018-2027
  • Medium Crawler Excavator, Market Size and Forecast, Volume & Value, 2018-2027
  • Large Crawler Excavator, Market Size and Forecast, Volume & Value, 2018-2027
2. Thailand Crawler Excavator Market by Excavator Market by Application
  • Crawler Excavator, Construction, Market Size and Forecast, Volume & Value, 2018-2027
  • Crawler Excavator, Mining, Market Size and Forecast, Volume & Value, 2018-2027
  • Crawler Excavator, Agriculture, Market Size and Forecast, Volume & Value, 2018-2027
  • Crawler Excavator, Forestry, Market Size and Forecast, Volume & Value, 2018-2027
  • Crawler Excavator, Others, Market Size and Forecast, Volume & Value, 2018-2027
3. Thailand Crawler Excavator Market by Excavator Market by Gross Power
  • Crawler Excavator Market by Gross Power Output, < 60 hp, Volume & Value, 2018-2027
  • Crawler Excavator Market by Gross Power Output, 61 hp-101 hp, Volume & Value, 2018-2027
  • Crawler Excavator Market by Gross Power Output, 102 hp-200 hp, Volume & Value, 2018-2027
  • Crawler Excavator Market by Gross Power Output, >201 hp, Volume & Value, 2018-2027
Section 6 - Market Landscape
1. Supply Chain Analysis
2. Key Highlights
3. COVID-19 Impact Analysis

Section 7 - Competitive Landscape
1. Company Profile of major Vendors (Komatsu, Hitachi Construction Machinery, Kobelco, Caterpillar, Hyundai Construction Equipment, Doosan, JCB, SANY, Volvo Construction Equipment)
2. Other Prominent vendors

Section 8 - Distributor Profile
1. Profile of major Distributors (Italthai Industrial, Ariya Equipment, Leadway Heavy Machinery, Metro Machinery, Aktio)

Section 9 - Report Summary
1. Key Insights

Section 10 - Appendix
1. Research Methodology
2. Research Objective
3. Market Definition, Inclusion & Exclusion
Note: Product cover images may vary from those shown

A selection of companies mentioned in this report includes:

  • Caterpillar
  • Komatsu
  • Hitachi Construction Machinery
  • JCB
  • Hyundai Construction Equipment (HCE)
  • SANY
  • Doosan Excavator
  • Volvo Construction Equipment
  • and Kobelco
  • Sumitomo Construction Machinery
  • Xuzhou Construction Machinery Group Co., Ltd. (XCMG
  • Leeboy
  • Kubota Machinery
  • Ingersoll Rand
  • Liebherr Group
Note: Product cover images may vary from those shown

Our research comprises a mix of primary and secondary research. The secondary research sources that are typically referred to include, but are not limited to, company websites, annual reports, financial reports, company pipeline charts, broker reports, investor presentations and SEC filings, journals and conferences, internal proprietary databases, news articles, press releases, and webcasts specific to the companies operating in any given market.

Primary research involves email interactions with the industry participants across major geographies. The participants who typically take part in such a process include, but are not limited to, CEOs, VPs, business development managers, market intelligence managers, and national sales managers. We primarily rely on internal research work and internal databases that we have populated over the years. We cross-verify our secondary research findings with the primary respondents participating in the study.



 

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