Thailand Construction Equipment Market (2024-2030) | Trends, Industry, Value, Growth, Share, Size, Analysis, Outlook, Forecast, Companies & Revenue

Market Forecast By By Types (Mobile Cranes, Construction Tractors And Bulldozers, Earthmoving Equipment, Aerial Work Equipment, Material Handling Equipment, Dump Trucks, Road Construction Equipment), By Applications (Corporate Enterprise, Oil And Gas, Mining, Others (Municipality And Road Construction)) And Competitive Landscape

Product Code: ETC001922 Publication Date: Dec 2023 Updated Date: Jan 2024 Product Type: Report
Publisher: 6Wresearch No. of Pages: 70 No. of Figures: 35 No. of Tables: 5

Topics Covered in Thailand Construction Equipment Market Report

The Thailand construction equipment market report thoroughly covers the market by types and applications. Thailand construction equipment market outlook report provides an unbiased and detailed analysis of the ongoing Thailand construction equipment market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.

Thailand Construction Equipment Market Synopsis

Thailand construction equipment market has recorded substantial growth over the past few years primarily driven by increasing investment in infrastructural development projects and rising public and private sector partnerships for construction projects in the country. However, the global crisis caused by the arrival of a novel coronavirus at the beginning of 2020, and hindered the growth of the construction sector as well as the overall development of the economy in Thailand.

According to 6Wresearch, Thailand Construction Equipment Market size is projected to expand at a CAGR of 6.2% during 2024-2030. This growth is attributed to certain key government initiatives undertaken by the Thai government such as rising investment in public infrastructure development projects. The Thai government has increased investment in public projects such as roads and highways, airports and shipping ports in the country. The country is also concentrating on strengthening its transportation network. For instance, the government has started the transport infrastructure development master plan to enhancing the local connectivity and offer a competitive advantage to the country. Additionally, Thailand is a major manufacturer of certain key construction equipment such as crawler excavators, dozers, mini excavators, motor graders, and wheeled loaders. These factors will boost the Thailand Construction Equipment Market Growth.

Thailand Construction Equipment Industry: Leading Companies

Komatsu Limited is a well-known Japanese construction equipment company that has been operating in Thailand's construction industry for decades. Their products range from excavators, bulldozers, and wheel loaders, to trucks and motor graders. To meet the ever-increasing demand for construction equipment in the country, Komatsu has recently invested over $220 million to boost its production capacity. This has helped them to maintain their leading position in the Thai construction equipment market and to meet a wide range of customer needs.

Another significant player in the Thai construction equipment market is Caterpillar Inc., which is based in the United States. The player has been providing high-quality machinery and equipment for construction sites worldwide, and the equipment range includes heavy equipment such as excavators, backhoes, and front-end loaders among others. They have established a strong presence in Thailand and are known for their reliability, durability, and advanced technology. Their machines are well-suited for a wide range of construction work, ranging from residential housing to infrastructure projects.

Construction Equipment Market in Thailand: Government Initiatives

Thailand has taken some significant steps to incentivize the construction equipment industry in recent years. One of the key initiatives is the Eastern Economic Corridor (EEC) project. The EEC project is an ambitious initiative which aims at creating a new economic zone in the eastern region of the country, encompassing Chonburi, Rayong, and Chachoengsao provinces. It aims to attract foreign investors through tax incentives and offer them ease of doing business in Thailand. The EEC project, which focuses on industries such as logistics, automotive, and aviation, is expected to create a high level of demand for construction equipment. The Thai Government has also introduced several schemes and tax incentives for companies that invest in advanced technologies. This has encouraged companies to upgrade their manufacturing technology and efficiency, leading to a higher quality of construction equipment. In addition, the government is also keen to establish Thailand as the manufacturing hub for heavy machinery, which is why it is promoting collaboration between Japanese and Thai companies in the construction equipment sector.

Market Segmentation by Type

According to Parth, Senior Research Analyst, 6Wresearch, earthmoving equipment including bulldozers and angledozers, road rollers and tamping machines, loaders, excavators and cranes dominate the overall construction equipment market in Thailand primarily due to the rising number of public-private partnerships and government initiatives such as enhancing the road network in the country.

Key Attractiveness of the Report

  • COVID-19 Impact on the Market.
  • 10 Years Market Numbers.
  • Historical Data Starting from 2020 to 2023.
  • Base Year: 2023
  • Forecast Data until 2030.
  • Key Performance Indicators Impacting the Market.
  • Major Upcoming Developments and Projects.

Key Highlights of the Report:

  • Thailand Construction Equipment Market Outlook
  • Market Size of Thailand Construction Equipment Market, 2023
  • Forecast of Thailand Construction Equipment Market, 2030
  • Historical Data and Forecast of Thailand Construction Equipment Market Revenues & Volume for the Period 2020 - 2030
  • Thailand Construction Equipment Market Trend Evolution
  • Thailand Construction Equipment Market Drivers and Challenges
  • Thailand Construction Equipment Price Trends
  • Thailand Construction Equipment Porter's Five Forces
  • Thailand Construction Equipment Industry Life Cycle
  • Historical Data and Forecast of Thailand Construction Equipment Market Revenues and volume by Type for the Period 2020 - 2030
  • Historical Data and Forecast of Thailand Construction Equipment Market Revenues and Volume by Cranes for the Period 2020 - 2030
  • Historical Data and Forecast of Thailand Construction Equipment Market Revenues and volume by Construction Tractor and Bulldozer for the Period 2020 - 2030
  • Historical Data and Forecast of Thailand Construction Equipment Market Revenues and volume by Earthmoving Equipment for the Period 2020 - 2030
  • Historical Data and Forecast of Thailand Construction Equipment Market Revenues and volume by Aerial Work Equipment for the Period 2020 - 2030
  • Historical Data and Forecast of Thailand Construction Equipment Market Revenues and volume by Material Handling Equipment for the Period 2020 - 2030
  • Historical Data and Forecast of Thailand Construction Equipment Market Revenues and volume by Dump Trucks for the Period 2020 - 2030
  • Historical Data and Forecast of Thailand Construction Equipment Market Revenues and volume by Road Construction Equipment for the Period 2020 - 2030
  • Historical Data and Forecast of Thailand Construction Equipment Market Revenues and volume by Application for the Period 2020 - 2030
  • Historical Data and Forecast of Thailand Construction Equipment Market Revenues and volume by Corporate Enterprise for the Period 2020 - 2030
  • Historical Data and Forecast of Thailand Construction Equipment Market Revenues and volume by Oil and Gas for the Period 2020 - 2030
  • Historical Data and Forecast of Thailand Construction Equipment Market Revenues and volume by Mining for the Period 2020 - 2030
  • Historical Data and Forecast of Thailand Construction Equipment Market Revenues and volume by Regions for the Period 2020 - 2030
  • Historical Data and Forecast of Thailand Construction Equipment Market Revenues and volume by Northern for the Period 2020 - 2030
  • Historical Data and Forecast of Thailand Construction Equipment Market Revenues and volume by North East for the Period 2020 - 2030
  • Historical Data and Forecast of Thailand Construction Equipment Market Revenues and volume by Central for the Period 2020 - 2030
  • Historical Data and Forecast of Thailand Construction Equipment Market Revenues and volume by Southern for the Period 2020 - 2030
  • Thailand Construction Equipment Import Export Trade Statistics
  • Market Opportunity Assessment By Type
  • Market Opportunity Assessment By Application
  • Market Opportunity Assessment By Regions
  • Thailand Construction Equipment Top Companies Market Share
  • Thailand Construction Equipment Competitive Benchmarking By Technical and Operational Parameters
  • Thailand Construction Equipment Company Profiles
  • Thailand Construction Equipment Key Strategic Recommendation

Market Scope and Segmentation

The report provides a detailed analysis of the following market segments:

By Types:

  • Mobile Cranes
  • Construction Tractor and Bulldozer
  • Earthmoving Equipment
  • Aerial Work Equipment
  • Material Handling Equipment
  • Dump Trucks
  • Road Construction Equipment

By Applications:

  • Corporate Enterprise
  • Oil and Gas
  • Mining
  • Others (Municipality and Road Construction)
Thailand Construction Equipment Market (2024-2030): FAQ
Thailand Construction Equipment Market size is projected to expand at a CAGR of 6.2% during 2024-2030.
The growth of this market is attributed to certain key government initiatives undertaken by the Thai government such as rising investment in public infrastructure development projects. The Thai government has increased investment in public projects such as roads and highways, airports and shipping ports in the country.
Thailand's construction equipment market is growing primarily driven by increasing investment in infrastructural development projects and rising public and private sector partnerships for construction projects in the country.
Earthmoving equipment including bulldozers and angledozers, road rollers and tamping machines, loaders, excavators and cranes dominate the overall construction equipment market in Thailand
6W monitors the market across 60+ countries Globally, publishing an annual market outlook report that analyses trends, key drivers, Size, Volume, Revenue, opportunities, and market segments. This report offers comprehensive insights, helping businesses understand market dynamics and make informed decisions.
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1 Executive Summary
2 Introduction
2.1 Key Highlights of the Report
2.2 Report Description
2.3 Market Scope & Segmentation
2.4 Research Methodology
2.5 Assumptions
3 Thailand Construction Equipment Market Overview
3.1 Thailand Country Macro Economic Indicators
3.2 Thailand Construction Equipment Market  Revenues & Volume, 2020 & 2030F
3.3 Thailand Construction Equipment Market - Industry Life Cycle
3.4 Thailand Construction Equipment Market - Porter's Five Forces
3.5 Thailand Construction Equipment Market  Revenues & Volume Share, By Type, 2020 & 2030F
3.6 Thailand Construction Equipment Market  Revenues & Volume Share, By Application 2020 & 2030F
4 Thailand Construction Equipment Market Dynamics
4.1 Impact Analysis
4.2 Market Drivers
4.3 Market Restraints
5 Thailand Construction Equipment Market Trends
6. Thailand Construction Equipment Market , By Type
6.1 Thailand Construction Equipment Market Revenues & Volume, By Mobile Cranes  2020 - 2030F
6.2 Thailand Construction Equipment Market Revenues & Volume, By Construction Tractor and Bulldozer, 2020 - 2030F
6.3 Thailand Construction Equipment Market Revenues & Volume, By Earthmoving Equipment, 2020 - 2030F
6.3 Thailand Construction Equipment Market Revenues & Volume, By Aerial Work Equipment, 2020 - 2030F
6.3 Thailand Construction Equipment Market Revenues & Volume, By Material Handling Equipment, 2020 - 2030F
6.3 Thailand Construction Equipment Market Revenues & Volume, By Dump Trucks, 2020 - 2030F
6.3 Thailand Construction Equipment Market Revenues & Volume, By Road Construction Equipment, 2020 - 2030F
7 Thailand Construction Equipment Market , By Application
7.1  Thailand Construction Equipment Market Revenues & Volume, By Corporate Enterprise, 2020 - 2030F
7.2 Thailand Construction Equipment Market Revenues & Volume, By Oil and Gas ,  2020 - 2030F
7.3 Thailand Construction Equipment Market Revenues & Volume, By Mining, 2020 - 2030F
8 Thailand Construction Equipment Market  Import-Export Trade Statistics
8.1 Thailand Construction Equipment Market  Export to Major Countries
8.2 Thailand Construction Equipment Market  Imports from Major Countries
9 Thailand Construction Equipment Market Key Performance Indicators
10 Thailand Construction Equipment Market - Opportunity Assessment
10.1 Thailand Construction Equipment Market Opportunity Assessment, By Type, 2030
10.2 Thailand Construction Equipment Market Opportunity Assessment, By Application, 2030
11 Thailand Construction Equipment Market - Competitive Landscape
11.1 Thailand Construction Equipment Market Revenue Share, By Companies, 2023
11.2 Thailand Construction Equipment Market Competitive Benchmarking, By Operating and Technical Parameters
12 Company Profiles
13 Recommendations
14 Disclaimer
 

Market Forecast By Types (Cranes (Mobile Cranes, Crawler Cranes, Tower Cranes), Earthmoving Equipment (Loaders, Excavators, Motor Grader)), Aerial Work Equipment (Articulated Boom Lifts, Telescopic Boom Lifts, Scissor Lifts), Material Handling Equipment (Telescopic Handlers, Forklifts), Road Construction Equipment (Pavers, Road Rollers), Dump Trucks, Construction Tractor and Bulldozer), By Applications (Construction, Oil & Gas, Mining), By Regions (Northern, North Eastern, Central, Southern) and competitive landscape

Product Code: ETC001922 Publication Date: Apr 2020 Product Type: Report
Publisher: 6Wresearch No. of Pages: 70 No. of Figures: 35 No. of Tables: 5

Thailand's construction equipment market has recorded substantial growth over the past few years primarily driven by increasing investment in infrastructural development projects and rising public and private sector partnerships for construction projects in the country. However, the global crisis caused by the arrival of a novel coronavirus in the beginning of 2020, may hinder the growth of the construction sector as well as the overall development of the economy in Thailand over the coming years.

According to 6WresearchThailand Construction Equipment Market size is likely to witness growth during 2020-2026. This growth is attributed to certain key government initiatives undertaken by the Thai government such as rising investment in public infrastructure development projects. The Thai government has increased investment in public projects such as roads and highways, airports and shipping ports in the country. The country is also concentrating on strengthening the transportation network. For instance, the government has started the transport infrastructure development master plan 2015-2022 to enhancing the local connectivity and offer a competitive advantage to the country. Additionally, Thailand is a major manufacturer of certain key construction equipment such as crawler excavators, dozers, mini excavators, motor graders, and wheeled loaders. These factors will boost the demand of construction equipment in Thailand over the coming years.

In terms of equipment types, road making and earthmoving equipment including bulldozers and angledozers, road rollers and tamping machines, loaders, excavators and cranes dominate the overall construction equipment market in Thailand primarily due to rising number of public-private partnerships and government initiatives such as enhancing the road network in the country.

The Thailand construction equipment market report thoroughly covers the market by equipment types, equipment sub-segment types, applications and regions including Northern, North Eastern, Central, and Southern. Thailand construction equipment market outlook report provides an unbiased and detailed analysis of the on-going Thailand construction equipment market trends, opportunities/high growth areas and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.

Key Highlights of the Report

  • Thailand Construction Equipment  Market Overview
  • Thailand Construction Equipment  Market Outlook
  • Thailand Construction Equipment  Market Forecast
  • Historical Data of Thailand Construction Equipment Market Revenues and Volumes for the Period 2016-2019.
  • Market Size & Forecast of Thailand Construction Equipment Market Revenues and Volumes, Until 2026.
  • Historical data of Thailand Cranes Market for the Period 2016-2019.
  • Market Size & Forecast of Thailand Cranes Market, Until 2026.
  • Historical data of Thailand Bull Dozers & Construction Tractors Market for the Period 2016-2019.
  • Market Size & Forecast of Thailand Bull Dozers & Construction Tractors Market, Until 2026.
  • Historical data of Thailand Earth Moving Equipment Market for the Period 2016-2019.
  • Market Size & Forecast of Thailand Earthmoving Equipment Market, Until 2026.
  • Historical data of Thailand Material Handling Market for the Period 2016-2019.
  • Market Size & Forecast of Thailand Material Handling Market, Until 2026.
  • Historical data of Thailand Dump Trucks Market for the Period 2016-2019.
  • Market Size & Forecast of Thailand Dump Trucks Market, Until 2026.
  • Historical data of Thailand Aerial Work Platform Market for the Period 2016-2019.
  • Market Size & Forecast of Thailand Aerial Work Platform Market, Until 2026.
  • Historical data of Thailand Road Construction Equipment Market for the Period 2016-2019.
  • Market Size & Forecast of Thailand Road Construction Equipment Market, Until 2026.
  • Historical Data of Thailand Construction Equipment  Market Revenues and Volumes, by Applications, for the Period 2016-2019
  • Market Size & Forecast of Thailand Construction Equipment  Market Revenues and Volumes, by Applications, Until 2026
  • Historical Data of Thailand Construction Equipment  Market Revenues and Volumes, by Regions, for the Period 2016-2019
  • Market Size & Forecast of Thailand Construction Equipment  Market Revenues and Volumes, by Regions, Until 2026
  • Market Drivers and Restraints
  • Thailand Construction Equipment  Market Trends and Industry Life Cycle
  • Porter’s Five Forces Analysis
  • Market Opportunity Assessment
  • Thailand Construction Equipment  Market Share, By Countries
  • Thailand Construction Equipment  Market Share, By Companies
  • Thailand Construction Equipment  Market Overview on Competitive Benchmarking
  • Company Profiles
  • Key Strategic Recommendations

Markets Covered

The Thailand construction equipment market report provides a detailed analysis of the following market segments:

  • By Types:
    • Mobile Cranes
    • Construction Tractor and Bulldozer
    • Earthmoving Equipment
      • Loaders
      • Excavators
      • Motor Grader
    • Aerial Work Equipment
      • Articulated Boom Lifts
      • Telescopic Boom Lifts
      • Scissor Lifts
    • Material Handling Equipment
      • Telescopic Handlers
      • Forklifts
    • Dump Trucks
    • Road Construction Equipment
      • Pavers
      • Road Rollers

    • By Applications:
      • Corporate Enterprise
      • Oil and Gas
      • Mining
      • Others (Municipality, Road Construction)

    • By Regions:
      • Northern
      • North Eastern
      • Central
      • Southern

Other Related Reports Include:

  • China Construction Equipment Market Report
  • Japan Construction Equipment Market Report
  • Indonesia Construction Equipment Market Report
  • Australia Construction Equipment Market Report
  • Thailand Construction Equipment Market Report

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