PUBLISHER: Arizton Advisory & Intelligence | PRODUCT CODE: 1489991
PUBLISHER: Arizton Advisory & Intelligence | PRODUCT CODE: 1489991
The Thailand construction equipment market, by volume, is expected to grow at a CAGR of 5.77% from 2023 to 2029.
Increased Investment in Public Infrastructure Projects
KEY HIGHLIGHTS
SEGMENTATION ANALYSIS
Segmentation by Type
MARKET TRENDS & DRIVERS
Increased Focus on Lithium Mining
Investment in Green Hydrogen
Thailand is also exploring using gas turbines that can operate on a combination of natural gas and green hydrogen or run entirely on hydrogen. Additionally, the government is considering the implementation of battery storage for solar energy, thereby leveraging the country's significant sun exposure and integrating fuel cell-driven power plants into its energy plans. Additionally, as of March 2024, Mitsubishi Heavy Industries Asia Pacific (MHI-AP) and PTT, a Thai state-owned oil and gas company, are conducting a joint pre-feasibility study to explore the potential of using 100% ammonia in gas turbine power generation in Thailand.
Power Generation Through Waste Management Triggers the Use of Excavators & Loaders
The government has planned two new waste-to-energy power plants in Bangkok. The plant is expected to generate 35 megawatts of electricity using 1,000 tons of waste as fuel each day. Also, Absolute Clean Energy Power Co. Ltd. has started working on the 'ALPC6' Waste to Energy project in the Krabi province of southern Thailand; this project will consume 144,000 tons of solid waste per year and generate 6MW of electricity.
Increased Investments in the Eastern Economic Corridor Initiative to Boost the Thailand Construction Equipment Market
Rising Investments in Transit Projects Across Thailand to Support Road Construction Equipment in the Thailand Construction Equipment Market
Several transportation projects are under construction in Thailand:
Increased Focus on Boosting Green Energy Resources Across the Country
The Thailand government has introduced several plans, such as the Energy Efficiency Plan (EEP), the Alternative Energy Development Plan (AEDP), and the Power Development Plan (PDP), to increase its renewable energy share. According to the IRENA report, Thailand's share of renewable energy is expected to reach 37% by 2036 from 12% in 2019. Furthermore, the Royal Thai Government is developing the Thailand National Energy Plan (NEP), a strategic roadmap outlining the future of Thailand's energy systems up to the 2040s.
INDUSTRY RESTRAINTS
Rising Land and Housing Prices Restrict Residential Demand Across the Country
Economic and Political Uncertainties in Thailand to Hamper Construction Activity
Skilled Labor Shortage and Aging Population in Thailand
VENDOR LANDSCAPE
Key Vendors
Other Prominent Vendors
Distributors 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 THAILAND CONSTRUCTION EQUIPMENT MARKET, VOLUME 2023-2029 (UNITS)
Graph 6 THAILAND CONSTRUCTION EQUIPMENT MARKET, VALUE 2023-2029 ($MN)
Graph 7 BUSINESS SENTIMENT INDEX
Graph 8 THAILAND EARTHMOVING CONSTRUCTION EQUIPMENT MARKET 2020-2029 (UNIT SALES)
Graph 9 THAILAND EARTHMOVING CONSTRUCTION EQUIPMENT MARKET 2020-2029 ($MN)
Graph 10 THAILAND EXCAVATOR MARKET 2020-2029 (UNIT SALES)
Graph 11 THAILAND EXCAVATOR MARKET 2020-2029 ($MN)
Graph 12 THAILAND BACKHOE LOADERS MARKET 2020-2029 (UNIT SALES)
Graph 13 THAILAND BACKHOE LOADERS MARKET 2020-2029 ($MN)
Graph 14 THAILAND WHEELED LOADERS MARKET 2020-2029 (UNIT SALES)
Graph 15 THAILAND WHEELED LOADERS MARKET 2020-2029 ($MN)
Graph 16 THAILAND OTHER EARTHMOVING EQUIPMENT MARKET, 2020-2029 (UNIT SALES)
Graph 17 THAILAND OTHER EARTHMOVING EQUIPMENT MARKET 2020-2029 ($MN)
Graph 18 THAILAND ROAD CONSTRUCTION EQUIPMENT MARKET 2020-2029 (UNIT SALES)
Graph 19 THAILAND ROAD CONSTRUCTION EQUIPMENT MARKET 2020-2029 ($ MN)
Graph 20 THAILAND ROAD ROLLERS MARKET 2020-2029 (UNIT SALES)
Graph 21 THAILAND ROAD ROLLERS MARKET 2020-2029 ($ MN)
Graph 22 THAILAND ASPHALT PAVERS MARKET 2020-2029 (UNIT SALES)
Graph 23 THAILAND ASPHALT PAVERS MARKET 2020-2029 ($ MN)
Graph 24 THAILAND MATERIAL HANDLING EQUIPMENT MARKET 2020-2029 (UNIT SALES)
Graph 25 THAILAND MATERIAL HANDLING EQUIPMENT MARKET 2020-2029 ($ MN)
Graph 26 THAILAND CRANES MARKET 2020-2029 (UNIT SALES)
Graph 27 THAILAND CRANES MARKET 2020-2029 ($MN)
Graph 28 THAILAND FORKLIFTS AND TELESCOPIC HANDLERS MARKET 2020-2029 (UNIT SALES)
Graph 29 THAILAND FORKLIFTS AND TELESCOPIC HANDLERS MARKET 2020-2029 ($MN)
Graph 30 THAILAND AERIAL PLATFORMS MARKET 2020-2029 (UNIT SALES)
Graph 31 THAILAND AERIAL PLATFORMS MARKET 2020-2029 ($ MN)
Graph 32 THAILAND OTHERS CONSTRUCTION EQUIPMENT MARKET 2020-2029 (UNIT SALES)
Graph 33 THAILAND OTHER CONSTRUCTION EQUIPMENT MARKET 2020-2029 ($MN)
Graph 34 THAILAND DUMPERS MARKET 2020-2029 (UNIT SALES)
Graph 35 THAILAND DUMPERS MARKET 2020-2029 ($MN)
Graph 36 THAILAND TIPPERS MARKET 2020-2029 (UNIT SALES)
Graph 37 THAILAND TIPPERS MARKET 2020-2029 ($MN)
Graph 38 THAILAND CONCRETE MIXERS MARKET 2020-2029 (UNIT SALES)
Graph 39 THAILAND CONCRETE MIXERS MARKET 2020-2029 ($MN)
Graph 40 THAILAND CONCRETE PUMP TRUCKS 2020-2029 (UNIT SALES)
Graph 41 THAILAND CONCRETE PUMP TRUCKS 2020-2029 ($MN)
Graph 42 THAILAND CONSTRUCTION EQUIPMENT MARKET 2020-2029 (UNIT SALES)
Graph 43 THAILAND CONSTRUCTION EQUIPMENT MARKET 2020-2029 ($MN)
Graph 44 THAILAND MANUFACTURING CONSTRUCTION EQUIPMENT MARKET 2020-2029 (UNIT SALES)
Graph 45 THAILAND MANUFACTURING CONSTRUCTION EQUIPMENT MARKET 2020-2029 ($MN)
Graph 46 THAILAND MINING CONSTRUCTION EQUIPMENT MARKET 2020-2029 (UNIT SALES)
Graph 47 THAILAND MINING CONSTRUCTION EQUIPMENT MARKET 2020-2029 ($MN)
Graph 48 THAILAND OTHERS CONSTRUCTION EQUIPMENT MARKET 2020-2029 (UNIT SALES)
Graph 49 THAILAND OTHERS CONSTRUCTION EQUIPMENT MARKET OTHERS 2020-2029 ($MN)
Graph 50 MARKET SHARE OF LEADING VENDORS VS OTHER VENDORS (2022)
Graph 51 CATERPILLAR: SALES BY REGION 2023 (%)
Graph 52 CATERPILLAR: SALES BY BUSINESS SEGMENT 2023 (%)
Graph 53 KOMATSU: SALES BY REGION IN 2022 (% SHARE)
Graph 54 KOMATSU: BREAKDOWN OF NET SALES BY BUSINESS SEGMENT 2022 (% SHARE)
Graph 55 VOLVO: NET SALES BY REGION 2023 (% SHARE)
Graph 56 VOLVO: NET SALES BY SEGMENT 2023 (% SHARE)
Graph 57 HITACHI: SALES BY REGION 2022 (% SHARE)
Graph 58 HITACHI: SALES BY SEGMENT 2022 (% SHARE)
Graph 59 LIEBHERR: SALES BY REGION 2022 (% SHARE)
Graph 60 LIEBHERR: SALES BY PRODUCT SEGMENT 2022 (% SHARE)
LIST OF TABLES:
Table 1 KEY INFRASTRUCTURE PROJECTS
Table 2 COMPETITIVE STRATEGY OF MAJOR VENDORS IN THAILAND
Table 3 KEY TRANSPORT INFRASTRUCTURE PROJECTS UNDERWAY
Table 4 KEY ENERGY PROJECTS UNDERWAY
Table 5 HOUSING PRICE INDEX AND LAND PRICE INDEX
Table 6 IMPORT DATA
Table 7 EXPORT DATA
Table 8 TOTAL INCREMENTAL OPPORTUNITY, 2023-2029
Table 9 TOTAL INCREMENTAL OPPORTUNITY, 2023-2029 (END-USER)