Southeast Asia Construction Equipment Market - Strategic Assessment & Forecast 2022-2028

Southeast Asia construction equipment market was valued at USD 2.1 billion and is forecasted will reach USD 2.9 billion by 2027, growing at a CAGR of 4.55%. In 2021, the economic recovery among the Southeast Asian countries was highly impacted by the decline in the tourism sector. Asian Development Bank survey revealed that the Southeast Asia tourism industry experienced a loss of 8.4% of GDP in 2021. Although the economic recovery is estimated to be slower, governments’ investment in infrastructure projects related to health care, renewable energy, and the housing sector is expected to drive economic activities supporting the construction equipment industry in the region over the forecast period.

SOUTHEAST ASIA CONSTRUCTION EQUIPMENT MARKET INSIGHTS

Philippines, Indonesia, and Vietnam are estimated to be the main drivers for the Construction Equipment industry due to the massive infrastructure projects pipeline.
Southeast Asia's construction equipment rental market growth will accelerate new equipment sales.
Governments in the region have introduced several plans to recover the countries from the impact of COVID-19, which majorly focuses on infrastructure development and increasing government spending. This will propel demand in the Construction Equipment market in Southeast Asia.

KEY HIGHLIGHTS IN THE REPORT

The rise in construction projects in the region and government focus on harnessing renewable energy resources instead of fossil fuel is expected to drive the demand in the machinery and equipment manufacturing industry in Southeast Asia.
Over the past few years, the population in urban areas in the Philippines has been growing faster compared to rural areas, primarily due to internal migration brought about by economic development in city centers. Thus, the rise in infrastructure projects in urban areas will drive demand in the Southeast Asia construction equipment industry.

SOUTHEAST ASIA CONSTRUCTION EQUIPMENT MARKET SEGMENTATION

Various Construction projects in Singapore, Indonesia, and Malaysia, such as the Penang Transport Master plan, MRT Circle development project, Sarawak- Sabah Link Road project, and other major countries in the region, are expected to drive the demand for earthmoving equipment in the area.
Various public infrastructure projects are planned, such as Bicol Medical Center’s Medical Arts Building and NEDA sa Makati Property Redevelopment Project in the Philippines in 2021. Similarly, development is progressing in various countries in the Southeast Asia region. Therefore, the demand for Aerial Platform is expected to rise in the forecast period.

Market Segmentation by Moving Equipment

Earth Moving Equipment
Excavator
Backhoe Loader
Motor Grader
Other Earth Moving Equipment
Road Construction Equipment
Asphalt Paver
Road Roller
Material Handling Equipment
Crane
Forklift and Telescopic Handler
Arial Platforms (articulated boom lifts, telescopic boom lifts, scissor lifts, etc)

Market Segmentation by Application

Construction
Manufacturing
Mining
Others

Market Segmentation by Countries

Indonesia
Thailand
Singapore
Philippines
Malaysia
Vietnam

VENDOR LANDSCAPE

The key players in Southeast Asia Construction Machinery Industry are Caterpillar, Komatsu, Hitachi Construction Machinery, Kobelco, Volvo Construction Equipment, Kubota, Liebherr, JCB, Xuzhou Construction Machinery Group Co., Ltd. (XCMG), and SANY Group.
In October 2020, Caterpillar announced the acquisition of Weir’s Oil & Gas business, now SPM Oil & Gas, expanding its global presence to serve its Oil & Gas customers
In 2021 Kobelco reached an assembly of 3,00,000 hydraulic excavators at Hiroshima Factory.
In September 2020, SANY Partnered with Adelaide Heavy Machinery as the appointed dealer for South Australia.

Major Vendors

Caterpillar
Komatsu
Hitachi Construction Machinery
Kobelco
Volvo Construction Equipment
Kubota
Liebherr
JCB
Xuzhou Construction Machinery Group Co., Ltd. (XCMG)
SANY Group

Other Prominent Vendors

Sumitomo Heavy Industries
Yanmar Holdings Co
Zoomlion Heavy Industry
LiuGong

Distributor’s Profiles

TAT Hong
United Tractor
Multicranes Perkasa (MCP)

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
Application
Countries
Value (USD)
Type
Application
Countries
Gain competitive intelligence about the economic scenario, advantages in Southeast Asia countries major projects and investments, dynamics, and market share.
Examples of the 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 Southeast Asia construction equipment market share
Complete supply chain analysis
Get COVID-19 impact analysis of the market
Company Profile of 19 vendors and distributors

KEY QUESTIONS ANSWERED:

1. What is the size of the Southeast Asia construction equipment market?
2. What are the latest technologies in the Southeast Asia construction machinery industry?
3. Who are the key players in the South East Asia construction equipment industry?
4. What are the factors driving the growth of the Southeast Asia construction equipment market?
5. What are the different types of construction equipment covered in the report?

Section 1 - Introduction

Market Snapshot
Executive Summary

Section 2 - The Market Overview

Economic Scenario, Foreign Direct Investment, Key Countries and Major Projects in Southeast Asia

Section 3 - Market Landscape

Section 4- Technological Developments

Advent of New Technology

Section 5- Market Dynamics

Market Drivers, Restraints, Trends, Import/Export Trend Analysis, Supply Chain, COVID-19 Impact

Section 6 - Competitive Landscape

1. Competitive Landscape Overview
2. Major Vendors (Caterpillar, Komatsu, Liebherr, Hyundai Construction Equipment, Volvo Construction Equipment, JCB, XCMG, SANY Group, Volvo, Hitachi Construction Machinery, LiuGong, Sumitomo)
3. Other Prominent vendors
4. Distributors Profile

Section 7 - Quantitative Summary

Quantitative Summary

Section 8 - Report Summary

Key Insights
Abbreviations

Section 9 - Report Scope & Definition

1. Research Methodology
2. Research Objective
3. Market Definition, Inclusion & Exclusion

LIST OF EXHIBITS

Exhibit 1 Southeast Asia Construction Equipment Market by Volume 2019-2028 (Unit Sales)
Exhibit 2 Southeast Asia Construction Equipment Market by Countries Volume 2020 (Unit Sales)
Exhibit 3 Southeast Asia Construction Equipment Market by Volume 2019-2028 (Unit Sales)
Exhibit 4 Southeast Asia Construction Equipment Market by Value 2019-2028 ($ MN)
Exhibit 5 Southeast Asia Construction Equipment Market by End-users 2021 (% share)
Exhibit 6 Southeast Asia Construction Equipment Market by Type 2021 (% share)
Exhibit 7 GDP Growth of Key Southeast Asian Countries 2021 (%)
Exhibit 8 GDP of Key Southeast Asia Countries 2015-2020 ($ BN)
Exhibit 9 Share of Infrastructure Projects in Indonesia 2020 (%)
Exhibit 10 Value of Infrastructure Projects by Sectors in Thailand ($ MN)
Exhibit 11 Value of Infrastructure Projects by Sector in Malaysia ($ BN)
Exhibit 12 Number of Infrastructure Projects in Philippines, By Region, 2020
Exhibit 13 Share of Infrastructure Projects in Singapore 2020 (%)
Exhibit 14 Vietnam Government Investment in Different Sectors 2020 ($ MN)
Exhibit 15 Industry-wise FDI Inflow by Countries 2020 (%)
Exhibit 16 Industry-wise FDI Investments in Southeast Asia 2019(%)
Exhibit 17 Major Investment Countries in Southeast Asia 2020 (%)
Exhibit 18 Number of Infrastructure Projects in Indonesia by Provinces 2020 (% Share)
Exhibit 19 Southeast Asia Construction Equipment Market by Type 2019-2028 (Unit Sales)
Exhibit 20 Southeast Asia Construction Equipment Market by End-user 2019-2028 (Unit Sales)
Exhibit 21 Southeast Asia Construction Equipment Market by Countries 2019-2028 (Unit Sales)
Exhibit 22 Southeast Asia Earthmoving Equipment Market 2019-2028 (Unit Sales)
Exhibit 23 Southeast Asia Earthmoving Equipment Market 2019-2028 ($ MN)
Exhibit 24 Southeast Asia Excavators Market 2019-2028 (Unit Sales)
Exhibit 25 Southeast Asia Excavators Market 2019-2028 ($ MN)
Exhibit 26 Southeast Asia Backhoe Loaders Market 2019-2028 (Unit Sales)
Exhibit 27 Southeast Asia Backhoe Loaders Market 2019-2028 ($ MN)
Exhibit 28 Southeast Asia Motor Graders Market 2019-2028 (Unit Sales)
Exhibit 29 Southeast Asia Motor Graders Market 2019-2028 ($ MN)
Exhibit 30 South-east Asia Other Earth Moving Equipment Market 2019-2028 (Unit Sales)
Exhibit 31 South-east Asia Other Earth Moving Equipment Market 2019-2028 ($ MN)
Exhibit 32 Southeast Asia Material Handling Equipment Market 2019-2028 (Unit Sales)
Exhibit 33 Southeast Asia Material Handling Equipment Market 2019-2028 ($ MN)
Exhibit 34 Southeast Asia Cranes Market 2019-2028 (Unit Sales)
Exhibit 35 Southeast Asia Cranes Market 2019-2028 ($ MN)
Exhibit 36 Southeast Asia Forklifts & Telescopic Handlers Market 2019-2028 (Unit Sales)
Exhibit 37 Southeast Asia Forklifts & Telescopic Handlers Market 2019-2028 ($ MN)
Exhibit 38 Southeast Asia Aerial Platforms Market 2019-2028 (Unit Sales)
Exhibit 39 Southeast Asia Aerial Platforms Market 2019-2028 ($ MN)
Exhibit 40 Southeast Asia Road Construction Equipment Market 2019-2028 (Unit Sales)
Exhibit 41 Southeast Asia Road Construction Equipment Market 2019-2028 ($ MN)
Exhibit 42 South-east Asia Asphalt Paver Market 2019-2028 (Unit Sales)
Exhibit 43 South-east Asia Asphalt Paver Market 2019-2028 ($ MN)
Exhibit 44 Southeast Asia Road Rollers Market 2019-2028 (Unit Sales)
Exhibit 45 Southeast Asia Road Rollers Market 2019-2028 ($ MN)
Exhibit 46 Southeast Asia Construction Equipment Market 2019-2028 (Unit Sales)
Exhibit 47 Southeast Asia Construction Equipment 2019-2028 ($ MN)
Exhibit 48 Southeast Asia Mining Construction Equipment Market 2019-2028 (Unit Sales)
Exhibit 49 Southeast Asia Mining Construction Equipment Market 2019-2028 ($ MN)
Exhibit 50 South-east Asia Construction Equipment Market by Manufacturing 2019-2028 (Unit Sales)
Exhibit 51 South-east Asia Construction Equipment Market by Manufacturing 2019-2028 ($ MN)
Exhibit 52 Others Southeast Asia Construction Equipment Market 2019-2028 (Unit Sales)
Exhibit 53 Other Southeast Asia Construction Equipment Market 2019-2028 ($ MN)
Exhibit 54 Indonesia Construction Equipment Market 2019-2028 (Unit Sales)
Exhibit 55 Indonesia Construction Equipment Market 2019-2028 ($ MN)
Exhibit 56 Thailand Construction Equipment Market 2019-2028 (Unit Sales)
Exhibit 57 Thailand Construction Equipment Market 2019-2028 ($ MN)
Exhibit 58 Philippines Construction Equipment Market 2019-2028 (Unit Sales)
Exhibit 59 Philippines Construction Equipment Market 2019-2028 ($ MN)
Exhibit 60 Malaysia Construction Equipment Market 2019-2028 (Unit Sales)
Exhibit 61 Malaysia Construction Equipment Market 2019-2028 ($ MN)
Exhibit 62 Singapore Construction Equipment Market 2019-2028 (Unit Sales)
Exhibit 63 Singapore Construction Equipment Market 2019-2028 ($ MN)
Exhibit 64 Other Southeast Asia Countries Construction Equipment Market 2019-2028 (Unit Sales)
Exhibit 65 Other Southeast Asia Countries Construction Equipment Market 2019-2028 ($ MN)
Exhibit 66 Urbanization in Southeast Asian Countries (% of total countries population)
Exhibit 67 Singapore Solar Energy Generation Output (MWp) 2019 vs 2020
Exhibit 68 Population Aged 65 Years and Above (% of total population)
Exhibit 69 Import Value of Construction Equipment 2017-2020 ($ MN)
Exhibit 70 Export Value of Construction Equipment 2017-2020 ($ MN)
Exhibit 71 Caterpillar: Total Revenue ($ BN) 2018-2020
Exhibit 72 Caterpillar: Sales by Region (% Share)
Exhibit 73 Caterpillar: Total Revenue by Segment 2020 (% share)
Exhibit 74 Komatsu: Total Revenue ($ BN) 2018-2020
Exhibit 75 Komatsu: Sales by Region (% Share)
Exhibit 76 Komatsu: Total Revenue by Segment 2020 (% share)
Exhibit 77 Hitachi: Total Revenue ($ MN) 2018-2020
Exhibit 78 Hitachi: Sales by Region (% Share)
Exhibit 79 Hitachi: Total Revenue by Segment 2020 ($ MN)
Exhibit 80 Kobelco: Net Sales ($ BN) 2018-2020
Exhibit 81 Kobelco: Sales by Region (% Share)
Exhibit 82 Kobelco: Net Sales by Segment 2020 ($ BN)
Exhibit 83 Volvo: Net Sales ($ BN) 2017-2020
Exhibit 84 Volvo: Sales by Region (% Share)
Exhibit 85 Volvo: Net Sales by Segment 2020 (% Share)
Exhibit 86 Kubota: Total Revenue ($ BN) 2017-2020
Exhibit 87 Kubota: Sales by Region 2020 (% Share)
Exhibit 88 Kubota: Total Revenue by Segment 2020 ($ BN)
Exhibit 89 Liebherr: Total Revenue ($ MN) 2017-2020
Exhibit 90 Liebherr: Sales by Region (% Share)
Exhibit 91 Liebherr: Sales by Segment 2020 ($ MN)
Exhibit 92 Sumitomo: Total Revenue ($ BN) 2018-2020
Exhibit 93 Sumitomo: Gross Profit by Segment 2020 ($ MN)

LIST OF TABLES

Table 1 Major Projects in Pipeline, Indonesia
Table 2 Major Projects in Pipeline, Vietnam
Table 3 Major Projects in Pipeline, Malaysia
Table 4 By Type: Total Incremental Opportunities, 2021-2028
Table 5 By End-users: Total Incremental Opportunities, 2020-2028
Table 6 By Countries: Total Incremental Opportunities, 2020-2028
Table 7 Southeast Asia Construction Equipment Market by Volume 2019-2028
Table 8 Southeast Asia Construction Equipment by Type 2019-2018
Table 9 Southeast Asia Earthmoving Equipment Market Size & Forecast by Type (Volume, Units)
Table 10 Southeast Asia Road Construction Equipment Market Size & Forecast by Type (Volume, Units)
Table 11 Southeast Asia Material Handling Equipment Market Size & Forecast by Type (Volume, Units)
Table 12 Southeast Asia Construction Equipment Market Size & Forecast by End-user (Units)
Table 13 Southeast Asia Earthmoving Equipment Market Size & Forecast by Countries (Volume, Units)
Table 14 Southeast Asia Construction Equipment Market by Value 2019-2028
Table 15 Southeast Asia Construction Equipment by Type 2019-2018
Table 16 Southeast Asia Earthmoving Equipment Market Size & Forecast by Type (Value, $ MN)
Table 17 Southeast Asia Road Construction Equipment Market Size & Forecast by Type (Value, $ MN)
Table 18 Southeast Asia Material Handling Equipment Market Size & Forecast by Type (Value, $ MN)
Table 19 Southeast Asia Construction Equipment Market Size & Forecast by End-user
Table 20 Southeast Asia Earthmoving Equipment Market Size & Forecast by Countries (Value, $ MN)
Table 21 Abbreviations

Companies Mentioned

Caterpillar
Komatsu
Hitachi Construction Machinery
Kobelco
Volvo Construction Equipment
Kubota
Liebherr
JCB
Xuzhou Construction Machinery Group Co., Ltd. (XCMG)
SANY Group
Sumitomo Heavy Industries
Yanmar Holdings Co
Zoomlion Heavy Industry
LiuGong
TAT Hong
United Tractor
Multicranes Perkasa (MCP)

Methodology

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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