PUBLISHER: Arizton Advisory & Intelligence | PRODUCT CODE: 1443469
PUBLISHER: Arizton Advisory & Intelligence | PRODUCT CODE: 1443469
The Southeast Asia construction equipment market by volume was valued at 74,025 in 2023 and is expected to grow at a CAGR of 4.69% from 2023-2029.
Increased Investment in Public Infrastructure Projects
KEY HIGHLIGHTS
SEGMENTATION BY TYPE
MARKET TRENDS & DRIVERS
Rise in Investments in the Renewable Energy Sector Across Southeast Asia
Rising Focus on Compact and Electric Construction Equipment
The electric equipment market in the Southeast Asia construction equipment market is anticipated to be driven by factors like government initiatives, growing demand for eco-friendly construction projects, and the trend toward industrialization. However, a significant challenge is the substantial cost of electric construction machinery, which might impede industry growth. However, to align with the global net zero emission target, the companies are focusing on capitalizing on lithium-ion battery technology in electric excavators and other products to reduce their carbon footprint.
Rise in Waste-To-Energy Projects in the Region to Drive the Market for Wheel Loaders in the Southeast Asia Construction Equipment Market
Waste-to-energy is vital for Indonesia's renewable energy goals, aiming to increase its share to 23% in the energy mix by 2025, highlighting a significant rise from the current 13% in 2023. Therefore, the government focuses on effective waste management to drive environmental and sustainable energy initiatives. In Indonesia, several waste-to-energy projects are underway in 2023. For instance, the Denpasar waste-to-energy power plant is a 20MW biopower project costing USD 400 million. Construction is expected to commence in 2026 and achieve commercial operation by 2027.
Surge in Investments in the Construction Industry Across Southeast Asia to Boost the Sales of Earthmoving Construction Equipment
According to the Building & Construction Authority (BCA), the total value of construction projects 2023 in Singapore is between USD 19.8 and USD 23.5 billion. The public sector attracts the highest demand, contributing to nearly 60% of total construction demand 2023. This is supported by pipeline public housing projects and the Housing Development Board's ramping up of Build-To-Order flats. Further, the government is significantly investing in projects in Laos, Cambodia, Malaysia, and the Philippines. The Philippines government is significantly investing in affordable housing. The Pambansang Pabahay para pa Philipino Housing Program (4PH) aims to build one million housing units annually between 2023 and 28. The growth of the construction industry in various region countries is projected to support the Southeast Asia construction equipment market growth.
High Expenditure in Green Hydrogen Projects to Encourage the Sales of Construction Equipment
The Prominent Mining Sector in Southeast Asia Strengthens the Southeast Asia Construction Equipment Market
INDUSTRY RESTRAINTS
Skilled Labour Shortage in the Region to Impact the Growth of Construction Industry
In 2023, Indonesia witnessed a significant deficit in its skilled labor aggregate, recording approximately 17.2 million workers. Indonesia depends on cheap foreign labor, and the political backlash impacts foreign participation. Additionally, Thailand's service sector, which constitutes about 58.7% of the GDP and employs 20.8 million workers, representing 53% of the total employment, has witnessed a labor shortage issue in 2023.
Rising Construction Costs in the Region to Hamper the Pace of Construction Projects
High Demand for Rental Construction Equipment to Hinder the Southeast Asia Construction Equipment Market Growth
VENDOR LANDSCAPE
Key Vendors
Other Prominent Vendors
Distributor Profiles
KEY QUESTIONS ANSWERED:
(Other Loaders, Bulldozers, Trenchers, etc.)
Graph 1 CONSTRUCTION EQUIPMENT MARKET VOLUME (UNITS)
Graph 2 CONSTRUCTION EQUIPMENT MARKET 2023 (%)
Graph 3 INCREMENTAL GROWTH BY EQUIPMENT TYPE 2023-2029 (VOLUME)
Graph 4 CONSTRUCTION EQUIPMENT MARKET BY END-USER INDUSTRIES 2023 (% SHARE)
Graph 5 SOUTHEAST ASIA CONSTRUCTION EQUIPMENT MARKET, VOLUME 2023-2029 (UNITS)
Graph 6 SOUTHEAST ASIA EARTHMOVING CONSTRUCTION EQUIPMENT MARKET 2020-2029 (UNITS)
Graph 7 SOUTHEAST ASIA EARTHMOVING CONSTRUCTION EQUIPMENT MARKET 2020-2029 ($ MN)
Graph 8 SOUTHEAST ASIA EXCAVATOR 2020-2029 (UNITS SALES)
Graph 9 SOUTHEAST ASIA EXCAVATOR MARKET 2020-2029 ($ MN)
Graph 10 SOUTHEAST ASIA BACKHOE LOADERS MARKET 2020-2029 (UNITS)
Graph 11 SOUTHEAST ASIA BACKHOE LOADERS MARKET 2020-2029 ($ MN)
Graph 12 SOUTHEAST ASIA WHEELED LOADERS MARKET 2020-2029 (UNITS)
Graph 13 SOUTHEAST ASIA WHEELED LOADERS MARKET 2020-2029 ($ MN)
Graph 14 SOUTHEAST ASIA OTHER EARTHMOVING EQUIPMENT MARKET, 2020-2029 (UNITS)
Graph 15 SOUTHEAST ASIA OTHER EARTHMOVING EQUIPMENT MARKET 2020-2029 ($ MN)
Graph 16 SOUTHEAST ASIA ROAD CONSTRUCTION EQUIPMENT MARKET 2020-2029 (UNIT)
Graph 17 SOUTHEAST ASIA ROAD CONSTRUCTION EQUIPMENT MARKET 2020-2029 ($ MN)
Graph 18 SOUTHEAST ASIA ROAD ROLLERS MARKET, 2020-2029 (UNIT SALES)
Graph 19 SOUTHEAST ASIA ROAD ROLLERS MARKET, 2020-2029 ($ MN)
Graph 20 SOUTHEAST ASIA ASPHALT PAVERS MARKET 2020-2029(UNITS)
Graph 21 SOUTHEAST ASIA ASPHALT PAVERS MARKET 2020-2029 ($ MN)
Graph 22 SOUTHEAST ASIA MATERIAL HANDLING EQUIPMENT MARKET 2020-2029 (UNIT SALES)
Graph 23 SOUTHEAST ASIA MATERIAL HANDLING EQUIPMENT MARKET 2020-2029 ($ MN)
Graph 24 SOUTHEAST ASIA CRANES MARKET, 2020-2029 (UNIT SALES)
Graph 25 SOUTHEAST ASIA CRANES MARKET 2020-2029 ($ MN)
Graph 26 SOUTHEAST ASIA FORKLIFTS AND TELESCOPIC HANDLERS MARKET 2020-2029 (UNIT SALES)
Graph 27 SOUTHEAST ASIA FORKLIFTS AND TELESCOPIC HANDLERS MARKET 2020-2029 ($ MN)
Graph 28 SOUTHEAST ASIA AERIAL PLATFORMS MARKET 2020-2029 (UNIT SALES)
Graph 29 SOUTHEAST ASIA AERIAL PLATFORMS MARKET 2020-2029 ($ MN)
Graph 30 SOUTHEAST ASIA OTHER CONSTRUCTION EQUIPMENT MARKET 2020-2029 (UNITS)
Graph 31 SOUTHEAST ASIA OTHER CONSTRUCTION EQUIPMENT MARKET 2020-2029 ($ MN)
Graph 32 SOUTHEAST ASIA DUMPERS MARKET 2020-2029 (UNITS)
Graph 33 SOUTHEAST ASIA DUMPERS MARKET 2020-2029 ($ MN)
Graph 34 SOUTHEAST ASIA TIPPERS MARKET 2020-2029 (UNIT SALES)
Graph 35 SOUTHEAST ASIA TIPPERS MARKET 2020-2029 ($ MN)
Graph 36 SOUTHEAST ASIA CONCRETE MIXERS MARKET 2020-2029(UNIT SALES)
Graph 37 SOUTHEAST ASIA CONCRETE MIXERS MARKET 2020-2029($ MN)
Graph 38 SOUTHEAST ASIA CONCRETE PUMP TRUCKS 2020-2029 (UNIT SALES)
Graph 39 SOUTHEAST ASIA CONCRETE PUMP TRUCKS 2020-2029 ($ MN)
Graph 40 SOUTHEAST ASIA CONSTRUCTION EQUIPMENT MARKET 2020-2029 (UNIT SALES)
Graph 41 SOUTHEAST ASIA CONSTRUCTION EQUIPMENT MARKET 2020-2029 ($ MN)
Graph 42 SOUTHEAST ASIA MANUFACTURING CONSTRUCTION EQUIPMENT MARKET 2020-2029 (UNIT SALES)
Graph 43 SOUTHEAST ASIA MANUFACTURING CONSTRUCTION EQUIPMENT MARKET 2020-2029 ($ MN)
Graph 44 SOUTHEAST ASIA MINING CONSTRUCTION EQUIPMENT MARKET, 2020-2029 (UNIT SALES)
Graph 45 SOUTHEAST ASIA MINING CONSTRUCTION EQUIPMENT MARKET 2020-2029 ($ MN)
Graph 46 SOUTHEAST ASIA OTHERS CONSTRUCTION EQUIPMENT MARKET 2020-2029 (UNIT SALES)
Graph 47 SOUTHEAST ASIA OTHERS CONSTRUCTION EQUIPMENT MARKET IN OTHERS 2020-2029 ($ MN)
Graph 48 INDONESIA CONSTRUCTION EQUIPMENT MARKET 2020-2029 (UNITS SALES)
Graph 49 INDONESIA EARTHMOVING CONSTRUCTION EQUIPMENT MARKET 2020-2029 (UNITS SALES)
Graph 50 INDONESIA EARTHMOVING CONSTRUCTION EQUIPMENT MARKET 2020-2029 ($ MN)
Graph 51 INDONESIA ROAD CONSTRUCTION EQUIPMENT MARKET SIZE & FORECAST 2020-2029 (UNIT SALES)
Graph 52 INDONESIA ROAD CONSTRUCTION EQUIPMENT MARKET SIZE & FORECAST 2020-2029 ($ MN)
Graph 53 INDONESIA MATERIAL HANDLING EQUIPMENT MARKET
2020-2029 (UNIT SALES)
Graph 54 INDONESIA MATERIAL HANDLING EQUIPMENT MARKET
2020-2029 ($ MN)
Graph 55 INDONESIA OTHER CONSTRUCTION EQUIPMENT MARKET
2020-2029 (UNIT SALES)
Graph 56 INDONESIA OTHER CONSTRUCTION EQUIPMENT MARKET
2020-2029 ($ MN)
Graph 57 INDONESIA CONSTRUCTION EQUIPMENT MARKET
2020-2029 (UNIT SALES)
Graph 58 INDONESIA CONSTRUCTION EQUIPMENT MARKET
2020-2029 ($ MN)
Graph 59 INDONESIA MANUFACTURING CONSTRUCTION EQUIPMENT MARKET 2020-2029 (UNIT SALES)
Graph 60 INDONESIA MANUFACTURING CONSTRUCTION EQUIPMENT MARKET 2020-2029 ($ MN)
Graph 61 INDONESIA CONSTRUCTION EQUIPMENT MARKET IN MINING 2020-2029 (UNIT SALES)
Graph 62 INDONESIA CONSTRUCTION EQUIPMENT MARKET IN MINING 2020-2029 ($ MN)
Graph 63 INDONESIA CONSTRUCTION EQUIPMENT MARKET IN OTHER END-USERS 2020-2029 (UNIT SALES)
Graph 64 INDONESIA CONSTRUCTION EQUIPMENT MARKET IN OTHER END-USERS 2020-2029 ($ MN)
Graph 65 THAILAND CONSTRUCTION EQUIPMENT MARKET 2020-2029 (UNIT SALES)
Graph 66 THAILAND EARTHMOVING CONSTRUCTION EQUIPMENT MARKET 2020-2029 ($ MN)
Graph 67 THAILAND EARTHMOVING CONSTRUCTION EQUIPMENT MARKET 2020-2029 ($ MN)
Graph 68 THAILAND ROAD CONSTRUCTION EQUIPMENT MARKET SIZE & FORECAST 2020-2029 (UNIT SALES)
Graph 69 THAILAND ROAD CONSTRUCTION EQUIPMENT MARKET SIZE & FORECAST 2020-2029 ($ MN)
Graph 70 THAILAND MATERIAL HANDLING EQUIPMENT MARKET 2020-2029 (UNIT SALES)
Graph 71 THAILAND MATERIAL HANDLING EQUIPMENT MARKET 2020-2029 ($ MN)
Graph 72 THAILAND OTHER CONSTRUCTION EQUIPMENT MARKET 2020-2029 (UNIT SALES)
Graph 73 THAILAND OTHER CONSTRUCTION EQUIPMENT MARKET 2020-2029 ($ MN)
Graph 74 THAILAND CONSTRUCTION EQUIPMENT MARKET 2020-2029 (UNIT SALES)
Graph 75 THAILAND CONSTRUCTION EQUIPMENT MARKET 2020-2029 ($ MN)
Graph 76 THAILAND MANUFACTURING CONSTRUCTION EQUIPMENT MARKET 2020-2029 (UNIT SALES)
Graph 77 THAILAND MANUFACTURING CONSTRUCTION EQUIPMENT MARKET 2020-2029 ($ MN)
Graph 78 THAILAND CONSTRUCTION EQUIPMENT MARKET IN MINING 2020-2029 (UNIT SALES)
Graph 79 THAILAND CONSTRUCTION EQUIPMENT MARKET IN MINING 2020-2029 ($ MN)
Graph 80 THAILAND CONSTRUCTION EQUIPMENT MARKET IN OTHER END-USERS 2020-2029 (UNIT SALES)
Graph 81 THAILAND CONSTRUCTION EQUIPMENT MARKET IN OTHER END-USERS 2020-2029 ($ MN)
Graph 82 PHILIPPINES CONSTRUCTION EQUIPMENT MARKET 2020-2029 (UNIT SALES)
Graph 83 PHILIPPINES EARTHMOVING CONSTRUCTION EQUIPMENT MARKET 2020-2029 (UNIT SALES)
Graph 84 PHILIPPINES EARTHMOVING CONSTRUCTION EQUIPMENT MARKET 2020-2029 ($ MN)
Graph 85 PHILIPPINES ROAD CONSTRUCTION EQUIPMENT MARKET SIZE & FORECAST 2020-2029 (UNIT SALES)
Graph 86 PHILIPPINES ROAD CONSTRUCTION EQUIPMENT MARKET SIZE & FORECAST 2020-2029 ($ MN)
Graph 87 PHILIPPINESMATERIAL HANDLING EQUIPMENT MARKET 2020-2029 (UNIT SALES)
Graph 88 PHILIPPINES MATERIAL HANDLING EQUIPMENT MARKET
2020-2029 ($ MN)
Graph 89 PHILIPPINES OTHER CONSTRUCTION EQUIPMENT MARKET
2020-2029 (UNIT SALES)
Graph 90 PHILIPPINES OTHER CONSTRUCTION EQUIPMENT MARKET
2020-2029 ($ MN)
Graph 91 PHILIPPINES CONSTRUCTION EQUIPMENT MARKET 2020-2029 (UNIT SALES)
Graph 92 PHILIPPINES CONSTRUCTION EQUIPMENT MARKET 2020-2029 ($ MN)
Graph 93 PHILIPPINES MANUFACTURING CONSTRUCTION EQUIPMENT MARKET 2020-2029 (UNIT SALES)
Graph 94 PHILIPPINES MANUFACTURING CONSTRUCTION EQUIPMENT MARKET 2020-2029 ($ MN)
Graph 95 PHILIPPINES CONSTRUCTION EQUIPMENT MARKET IN MINING 2020-2029 (UNIT SALES)
Graph 96 PHILIPPINES CONSTRUCTION EQUIPMENT MARKET IN MINING 2020-2029 ($ MN)
Graph 97 PHILIPPINES CONSTRUCTION EQUIPMENT MARKET IN OTHER END-USERS 2020-2029 (UNIT SALES)
Graph 98 PHILIPPINES CONSTRUCTION EQUIPMENT MARKET IN OTHER END-USERS 2020-2029 ($ MN)
Graph 99 MALAYSIA CONSTRUCTION EQUIPMENT MARKET 2020-2029 (UNIT SALES)
Graph 100 MALAYSIA EARTHMOVING CONSTRUCTION EQUIPMENT MARKET 2020-2029 (UNIT SALES)
Graph 101 MALAYSIA EARTHMOVING CONSTRUCTION EQUIPMENT MARKET 2020-2029 ($ MN)
Graph 102 MALAYSIA ROAD CONSTRUCTION EQUIPMENT MARKET SIZE & FORECAST 2020-2029 (UNIT SALES)
Graph 103 MALAYSIA ROAD CONSTRUCTION EQUIPMENT MARKET SIZE & FORECAST 2020-2029 ($ MN)
Graph 104 MALAYSIA MATERIAL HANDLING EQUIPMENT MARKET 2020-2029 (UNIT SALES)
Graph 105 MALAYSIA MATERIAL HANDLING EQUIPMENT MARKET 2020-2029 ($ MN)
Graph 106 MALAYSIA OTHER CONSTRUCTION EQUIPMENT MARKET 2020-2029 (UNIT SALES)
Graph 107 MALAYSIA OTHER CONSTRUCTION EQUIPMENT MARKET 2020-2029 ($ MN)
Graph 108 MALAYSIA CONSTRUCTION EQUIPMENT MARKET 2020-2029 (UNIT SALES)
Graph 109 MALAYSIA CONSTRUCTION EQUIPMENT MARKET 2020-2029 ($ MN)
Graph 110 MALAYSIA MANUFACTURING CONSTRUCTION EQUIPMENT MARKET 2020-2029 (UNIT SALES)
Graph 111 MALAYSIA MANUFACTURING CONSTRUCTION EQUIPMENT MARKET 2020-2029 ($ MN)
Graph 112 MALAYSIA CONSTRUCTION EQUIPMENT MARKET IN MINING 2020-2029 (UNIT SALES)
Graph 113 MALAYSIA CONSTRUCTION EQUIPMENT MARKET IN MINING 2020-2029 ($ MN)
Graph 114 MALAYSIA CONSTRUCTION EQUIPMENT MARKET IN OTHER END-USERS 2020-2029 (UNIT SALES)
Graph 115 MALAYSIA CONSTRUCTION EQUIPMENT MARKET IN OTHER END-USERS 2020-2029 ($ MN)
Graph 116 SINGAPORE CONSTRUCTION EQUIPMENT MARKET 2020-2029 (UNIT SALES)
Graph 117 SINGAPORE EARTHMOVING CONSTRUCTION EQUIPMENT MARKET 2020-2029 (UNITS)
Graph 118 SINGAPORE EARTHMOVING CONSTRUCTION EQUIPMENT MARKET 2020-2029 ($ MN)
Graph 119 SINGAPORE ROAD CONSTRUCTION EQUIPMENT MARKET SIZE & FORECAST 2020-2029 (UNIT SALES)
Graph 120 SINGAPORE ROAD CONSTRUCTION EQUIPMENT MARKET SIZE & FORECAST 2020-2029 ($ MN)
Graph 121 SINGAPORE MATERIAL HANDLING EQUIPMENT MARKET 2020-2029 (UNIT SALES)
Graph 122 SINGAPORE MATERIAL HANDLING EQUIPMENT MARKET 2020-2029 ($ MN)
Graph 123 SINGAPORE OTHER CONSTRUCTION EQUIPMENT MARKET2020-2029 (UNIT SALES)
Graph 124 SINGAPORE OTHER CONSTRUCTION EQUIPMENT MARKET2020-2029 ($ MN)
Graph 125 SINGAPORE CONSTRUCTION EQUIPMENT MARKET 2020-2029 (UNIT SALES)
Graph 126 SINGAPORE CONSTRUCTION EQUIPMENT MARKET 2020-2029 ($ MN)
Graph 127 SINGAPORE MANUFACTURING CONSTRUCTION EQUIPMENT MARKET 2020-2029 (UNIT SALES)
Graph 128 SINGAPORE MANUFACTURING CONSTRUCTION EQUIPMENT MARKET 2020-2029 ($ MN)
Graph 129 SINGAPORE CONSTRUCTION EQUIPMENT MARKET IN MINING 2020-2029 (UNIT SALES)
Graph 130 SINGAPORE CONSTRUCTION EQUIPMENT MARKET IN MINING 2020-2029 ($ MN)
Graph 131 SINGAPORE CONSTRUCTION EQUIPMENT MARKET IN OTHER END-USERS 2020-2029 (UNIT SALES)
Graph 132 SINGAPORE CONSTRUCTION EQUIPMENT MARKET IN OTHER END-USERS 2020-2029 ($ MN)
Graph 133 REST OF SOUTHEAST ASIA CONSTRUCTION EQUIPMENT MARKET 2020-2029 (UNIT SALES)
Graph 134 REST OF SOUTHEAST ASIA EARTHMOVING CONSTRUCTION EQUIPMENT MARKET 2020-2029 (UNIT SALES)
Graph 135 REST OF SOUTHEAST ASIA EARTHMOVING CONSTRUCTION EQUIPMENT MARKET 2020-2029 ($ MN)
Graph 136 REST OF SOUTHEAST ASIA ROAD CONSTRUCTION EQUIPMENT MARKET SIZE & FORECAST 2020-2029 (UNIT SALES)
Graph 137 REST OF SOUTHEAST ASIA ROAD CONSTRUCTION EQUIPMENT MARKET SIZE & FORECAST 2020-2029 ($ MN)
Graph 138 REST OF SOUTHEAST ASIA MATERIAL HANDLING EQUIPMENT MARKET 2020-2029 (UNIT SALES)
Graph 139 REST OF SOUTHEAST ASIA MATERIAL HANDLING EQUIPMENT MARKET 2020-2029 ($ MN)
Graph 140 REST OF SOUTHEAST ASIA OTHER CONSTRUCTION EQUIPMENT MARKET 2020-2029 (UNIT SALES)
Graph 141 REST OF SOUTHEAST ASIA OTHER CONSTRUCTION EQUIPMENT MARKET 2020-2029 ($ MN)
Graph 142 REST OF SOUTHEAST ASIA CONSTRUCTION EQUIPMENT MARKET 2020-2029 (UNIT SALES)
Graph 143 REST OF SOUTHEAST ASIA CONSTRUCTION EQUIPMENT MARKET 2020-2029 ($ MN)
Graph 144 REST OF SOUTHEAST ASIA MANUFACTURING CONSTRUCTION EQUIPMENT MARKET 2020-2029 (UNIT SALES)
Graph 145 REST OF SOUTHEAST ASIA MANUFACTURING CONSTRUCTION EQUIPMENT MARKET 2020-2029 ($ MN)
Graph 146 REST OF SOUTHEAST ASIA CONSTRUCTION EQUIPMENT MARKET IN MINING 2020-2029 (UNIT SALES)
Graph 147 REST OF SOUTHEAST ASIA CONSTRUCTION EQUIPMENT MARKET IN MINING 2020-2029 ($ MN)
Graph 148 REST OF SOUTHEAST ASIA CONSTRUCTION EQUIPMENT MARKET IN OTHER END-USERS 2020-2029 (UNIT SALES)
Graph 149 REST OF SOUTHEAST ASIA CONSTRUCTION EQUIPMENT MARKET IN OTHER END-USERS 2020-2029 ($ MN)
Graph 150 MARKET SHARE OF TOP VENDORS VS OTHERS (2022)
Graph 151 CATERPILLAR: SALES BY REGION 2022 (%)
Graph 152 CATERPILLAR: SALES BY BUSINESS SEGMENT 2022 (%)
Graph 153 HITACHI: SALES BY REGION 2022 (% SHARE)
Graph 154 HITACHI: SALES BY SEGMENT 2022 (% SHARE)
Graph 155 KOMATSU: SALES BY REGION IN 2022 (% SHARE)
Graph 156 KOMATSU: BREAKDOWN OF NET SALES BY BUSINESS SEGMENT 2022 (% SHARE)
Graph 157 LIEBHERR: SALES BY REGION 2022 (% SHARE)
Graph 158 LIEBHERR: SALES BY PRODUCT SEGMENT 2022 (% SHARE)
Graph 159 VOLVO: NET SALES BY REGION 2022 (% SHARE)
Graph 160 VOLVO: NET SALES BY SEGMENT 2022 (% SHARE)