Market Forecast By Product Types (Loaders, Dozers, Excavators, Crushing, Pulverizing & Screening Equipment, Others), By Applications (Infrastructure, Mineral Mining, Residential Building, Metal Mining, Others) And Competitive Landscape
Product Code: ETC016852 | Publication Date: Oct 2020 | Updated Date: Dec 2024 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 | |
The Bangladesh Construction and Mining Machinery market report thoroughly covers the market by product type and application. The market report provides an unbiased and detailed analysis of the ongoing 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.
Bangladesh Construction and Mining Machinery Market has been experiencing growth, driven by the country’s increasing focus on infrastructure development and urbanization. The government’s investment in transportation infrastructure through public-private partnerships (PPPs) is expected to boost the economy further.
According to 6Wresearch, the Bangladesh Construction and Mining Machinery Market size is anticipated to grow at a CAGR of 6.4% during 2025-2031. The Bangladesh Construction and Mining Machinery Market is primarily driven by the country’s rapid urbanization and population growth, which fuel the demand for construction activities. The market is further propelled by rising investments in engineering and infrastructural projects.
The Bangladesh Construction and Mining Machinery Market faces several challenges that could impact its growth and development. One of the primary challenges is the high cost of machinery, which can be a significant barrier for local companies, especially small and medium-sized enterprises. Additionally, there is a lack of awareness about modern techniques and technologies, which hinders the adoption of advanced machinery that could improve efficiency and productivity. Another challenge is the lack of special incentives or schemes to finance the import of hi-tech construction equipment, which is essential for infrastructure projects.
The leading players in the Bangladesh Construction and Mining Machinery market include prominent companies such as Western Engineering (Pvt.) Ltd, Mir Akhter Hossain Limited, and Mazid Sons Constructions Ltd. These companies have established a strong presence in the market, contributing significantly to the industry’s growth. They are known for their extensive range of services and projects, which encompass various aspects of construction and mining operations.
The Bangladesh government offers a range of incentives to stimulate the construction and mining machinery market. These include fiscal and non-fiscal benefits such as exemptions or reductions in corporate income taxes, import taxes on capital machinery and raw materials, and reduced VAT. Export subsidies and various banking facilities are also provided to encourage investment. For newly established companies, there are additional incentives like reduced corporate income tax for 5 to 10 years, depending on the sector and location. The government has also implemented policies to attract foreign direct investment and has established economic zones with their own sets of tax exemption packages.
The future of the Bangladesh Construction and Mining Machinery Market looks promising, with expectations of substantial growth driven by the country’s ongoing infrastructure development and urbanization. Key factors contributing to this growth include the government’s significant investments in large-scale infrastructure projects, the increasing demand for advanced machinery in the rapidly evolving construction industry, and favorable government policies aimed at attracting foreign investments. Additionally, the growth of the textile industry is expected to create demand for related machinery, further fueling the market’s expansion.
According to Ravi Bhandari, Research Head, 6Wresearch, in the Bangladesh Construction and Mining Machinery Market, the Infrastructure segment is expected to dominate and show significant growth in the future. This is due to the government’s focus on infrastructure development, including large-scale projects such as roads, bridges, and urban development initiatives.
The report provides a detailed analysis of the following market segments:
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 Bangladesh Construction and Mining Machinery Market Overview |
3.1 Bangladesh Country Macro Economic Indicators |
3.2 Bangladesh Construction and Mining Machinery Market Revenues & Volume, 2021 & 2031F |
3.3 Bangladesh Construction and Mining Machinery Market - Industry Life Cycle |
3.4 Bangladesh Construction and Mining Machinery Market - Porter's Five Forces |
3.5 Bangladesh Construction and Mining Machinery Market Revenues & Volume Share, By Product Types, 2021 & 2031F |
3.6 Bangladesh Construction and Mining Machinery Market Revenues & Volume Share, By Applications, 2021 & 2031F |
4 Bangladesh Construction and Mining Machinery Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Bangladesh Construction and Mining Machinery Market Trends |
6 Bangladesh Construction and Mining Machinery Market, By Types |
6.1 Bangladesh Construction and Mining Machinery Market, By Product Types |
6.1.1 Overview and Analysis |
6.1.2 Bangladesh Construction and Mining Machinery Market Revenues & Volume, By Product Types, 2021-2031F |
6.1.3 Bangladesh Construction and Mining Machinery Market Revenues & Volume, By Loaders, 2021-2031F |
6.1.4 Bangladesh Construction and Mining Machinery Market Revenues & Volume, By Dozers, 2021-2031F |
6.1.5 Bangladesh Construction and Mining Machinery Market Revenues & Volume, By Excavators, 2021-2031F |
6.1.6 Bangladesh Construction and Mining Machinery Market Revenues & Volume, By Crushing, 2021-2031F |
6.1.7 Bangladesh Construction and Mining Machinery Market Revenues & Volume, By Pulverizing & Screening Equipment, 2021-2031F |
6.1.8 Bangladesh Construction and Mining Machinery Market Revenues & Volume, By Others, 2021-2031F |
6.2 Bangladesh Construction and Mining Machinery Market, By Applications |
6.2.1 Overview and Analysis |
6.2.2 Bangladesh Construction and Mining Machinery Market Revenues & Volume, By Infrastructure, 2021-2031F |
6.2.3 Bangladesh Construction and Mining Machinery Market Revenues & Volume, By Mineral Mining, 2021-2031F |
6.2.4 Bangladesh Construction and Mining Machinery Market Revenues & Volume, By Residential Building, 2021-2031F |
6.2.5 Bangladesh Construction and Mining Machinery Market Revenues & Volume, By Metal Mining, 2021-2031F |
6.2.6 Bangladesh Construction and Mining Machinery Market Revenues & Volume, By Others, 2021-2031F |
7 Bangladesh Construction and Mining Machinery Market Import-Export Trade Statistics |
7.1 Bangladesh Construction and Mining Machinery Market Export to Major Countries |
7.2 Bangladesh Construction and Mining Machinery Market Imports from Major Countries |
8 Bangladesh Construction and Mining Machinery Market Key Performance Indicators |
9 Bangladesh Construction and Mining Machinery Market - Opportunity Assessment |
9.1 Bangladesh Construction and Mining Machinery Market Opportunity Assessment, By Product Types, 2021 & 2031F |
9.2 Bangladesh Construction and Mining Machinery Market Opportunity Assessment, By Applications, 2021 & 2031F |
10 Bangladesh Construction and Mining Machinery Market - Competitive Landscape |
10.1 Bangladesh Construction and Mining Machinery Market Revenue Share, By Companies, 2024 |
10.2 Bangladesh Construction and Mining Machinery Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |