ASEAN Construction Machinery Industry Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

The Report Covers ASEAN Construction Machinery Industry by Geography and It is Segmented by Machine Type (Cranes, Excavators, Loaders, Backhoe, Motor Graders, and Other Machine Types), Application (Concrete and Road Construction, Earth Moving, and Material Handling), and Geography (Indonesia, Thailand, Vietnam, Singapore, Malaysia, Philippines, and Rest of ASEAN). The Report Offers Market Size and Forecasts are Provided in Terms of USD Value for all the Segments.

ASEAN Construction Machinery Industry Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

ASEAN Construction Machinery Industry Overview

The ASEAN construction machinery market is characterized by numerous international and regional players, resulting in a highly competitive market environment. The big players have increased their R&D expenditure exponentially to integrate innovation with excellence in performance. The demand for high-performance, highly efficient, and safe handling equipment from the end market is expected to make the market more competitive over the forecast period.

In March 2022, Iridium Communications Inc. announced that it had jointly developed a Link-Belt excavator with Sumitomo Construction Machinery Co., Ltd. Through this partnership, SCM initially integrated Iridium's Short Burst Data Service into its Remote CARE service platform.

ASEAN Construction Machinery Market Leaders

  1. Hitachi Construction Machinery Co

  2. Caterpillar Inc.

  3. Mitsubishi Corporation

  4. Komatsu Ltd.

  5. Xuzhou Construction Machinery Group Co., Ltd.

  6. *Disclaimer: Major Players sorted in no particular order
ASEAN Construction Machinery Market Concentration

ASEAN Construction Machinery Market Report Snapshots

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