Asia Pacific Construction Equipment Market Size - By Demand (New Demand, Aftermarket), By Product (Earthmoving & Road Building Equipment, Material Handling & Cranes, Concrete Equipment), Sales Channel & Forecast, 2023 – 2032
Published on: 2024-07-08 | No of Pages : 240 | Industry : Construction
Publisher : MRA | Format : PDF&Excel
Asia Pacific Construction Equipment Market Size - By Demand (New Demand, Aftermarket), By Product (Earthmoving & Road Building Equipment, Material Handling & Cranes, Concrete Equipment), Sales Channel & Forecast, 2023 – 2032
Asia Pacific Construction Equipment Market Size - By Demand (New Demand, Aftermarket), By Product (Earthmoving & Road Building Equipment, Material Handling & Cranes, Concrete Equipment), Sales Channel & Forecast, 2023 – 2032
Asia Pacific Construction Equipment Market Size
Asia Pacific Construction Equipment Market size is anticipated to record 5% CAGR between 2023 to 2032, driven by the ongoing construction & infrastructure transformation activities across some major countries in the region.
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Rapid urbanization, rising population, and economic growth are accelerating the development of large-scale construction projects, such as residential complexes, commercial structures, transportation networks, and energy infrastructure. Moreover, the increasing number of favorable governmental programs and policies, such as "Make in India" and "Belt and Road Initiative" are supporting local production and global partnerships, further driving the demand for construction equipment. Additionally, the implementation of new regulations for the modernization and retrofitting of old building structures propelled by the ongoing investments will encourage the market expansion.
| Report Attribute | Details |
|---|---|
| Base Year | 2022 |
| Forecast Period | 2023 to 2032 |
| Forecast Period 2023 to 2032 CAGR | 5% |
| Historical Data for | 2018 to 2022 |
| No. of Pages | 400 |
| Tables, Charts & Figures | 624 |
| Segments covered | Demand, Product, Sales Channel and Region |
| Growth Drivers |
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| Pitfalls & Challenges |
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Market Growth Drivers and Restraint
The increasing adoption of advanced technologies, such as telematics and automation for enhancing equipment efficiency and project management will augment the market outlook. Similarly, the rising concerns related to regulatory complexities may limit the market growth. Varied regulations and compliance standards across different countries in the region can lead to challenges in equipment deployment, affecting project timelines and investments. The meticulous navigation of legal frameworks driven by this inconsistency may also potentially slow down the product demand in APAC.
COVID-19 Impact
The COVID-19 pandemic had profound impact on the Asia Pacific construction equipment market during 2020-2021. Lockdowns and supply chain disruptions led to project delays and reduced demand for new equipment. Manufacturing slowdowns in various countries also made way for shortages of essential components and delayed equipment deliveries. However, with several economies gradually resuming construction activities and higher focus on infrastructure development, the industry will witness commendable growth in the post-pandemic scenario.
Asia Pacific Construction Equipment Market Trends
The escalating infrastructure transformation plans, especially in Indonesia and Thailand will contribute to robust market growth. Both nations are investing heavily in projects encompassing transportation networks, energy facilities, and urban development. Additionally, the rise in government programs encouraging the use of cutting-edge and world-class machinery in construction and engineering will boost industry expansion.
Asia Pacific Construction Equipment Market Analysis
Asia Pacific construction equipment market from the aftermarket segment is set to register around 8% CAGR through 2032, due to the thriving technical improvements by major manufacturers. The robust urbanization and infrastructure development in the region has spurred the higher demand for maintenance, repair, and replacement services for construction equipment. With construction projects becoming increasingly complex and equipment downtime directly impacting project timelines, the deployment of well-maintained equipment is rising across construction, mining, and transportation. In addition, the paradigm shift towards digitization and telematics solutions is also projected to transform the market.
Asia Pacific construction equipment market from earthmoving & road building equipment is estimated to gain significant traction between 2023 and 2032. The rising sustainability concerns are driving the adoption of environmentally friendly equipment with lower emissions and improved fuel efficiency. Furthermore, the growing efforts by industry players on integrating automation, GPS systems, and telematics to enhance the precision and efficiency of these machines will contribute to the segment growth.
The direct sales to customers segment accounted for substantial revenue share of the Asia Pacific construction equipment market in 2022 and is poised to observe robust CAGR from 2023 to 2032. The growth can be attributed to the rising instances of manufacturers selling equipment directly to end-users as they help to streamline communication, reduce costs, and offer personalized solutions. Moreover, the growing focus on establishing direct connections with customers has led improved understanding of the needs. The rising prioritization of efficiency and direct engagement will also fuel the segment growth.
India held sizeable share of the Asia Pacific construction equipment market in 2022 and is expected to expand at over 9% CAGR from 2023 to 2032, attributed to the rising investments for the development of public infrastructures. The surging need for addressing the environmental concerns in India has compelled construction equipment manufacturers to introduce eco-friendly solutions, such as electric machinery and hybrid systems, further contributing to the regional market revenue.
Asia Pacific Construction Equipment Market Share
Some of the top firms operating in the Asia Pacific construction equipment business are
- Doosan Group
- Caterpillar
- J.C. Bamford Excavators Limited
- John Deere
- Kobelco Construction Machinery
- Hitachi Construction Machinery
- Liebherr
- Komatsu Ltd
- Sany Group
- Tadano Ltd
- Terex Corporation.
These companies are expanding their reach through sales and distribution methods while introducing new and advanced equipment across Asian nations to scale their revenue sales.
Asia Pacific Construction Equipment Industry News
- In March 2023, Tata Hitachi unveiled the brand-new Mining Excavator ZX670H at its Kharagpur facility to satisfy client demands for great durability, unparalleled efficiency, simple maintenance, affordable operation, and optimum safety and comfort.
This market research report on Asia Pacific construction equipment includes in-depth coverage of the industry trends, with estimates & forecast in terms of revenue (USD Million) from 2018 to 2032, for the following segments
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- By Demand
- New Demand
- Aftermarket
- By Product
- Earthmoving & Road Building Equipment
- Backhoe
- Excavator
- Loader
- Compaction Equipment
- Material Handling & Cranes
- Storage & Handling Equipment
- Engineered Systems
- Industrial Trucks
- Bulk Material Handling Equipment
- Concrete Equipment
- Concrete Pump
- Crusher
- Transit Mixer
- Asphalt Paver
- Batching Plant
- Earthmoving & Road Building Equipment
- By Sales Channel
- Independent Dealers/Distributors
- Direct Sales To Customers
- Rental Companies
- Online Channel
- By Sales Channel
By Region
- China
- Hong Kong
- Oceania
- Oceania
- Australia
- New Zealand
- Rest of Asia
- India
- South Korea
- Japan
- ASEAN
- Indonesia
- Malaysia
- Thailand
- Taiwan
- Singapore
- Philippines
- Vietnam
- Myanmar
Table of Content
Report Content
Chapter 1 Methodology and Scope
1.1 Definitions & forecast parameters
1.1.1 Definitions
1.1.2 Methodology and forecast parameters
1.2 Data Sources
1.2.1 Secondary
1.2.2 Primary
Chapter 2 Executive Summary
2.1 Asia Pacific construction equipment industry 360° synopsis, 2018 – 2032
2.1.1 Business trends
2.1.2 Demand trends
2.1.3 Product trends
2.1.4 Sales channel trends
2.1.5 Aftermarket product
2.1.6 Aftermarket sales channel trends
2.1.7 Regional trends
Chapter 3 Asia Pacific Construction Equipment Industry Insights
3.1 Industry segmentation
3.2 Industry landscape, 2018 – 2032
3.3 Industry ecosystem analysis
3.3.1 Component suppliers
3.3.2 Manufacturers
3.3.3 Distribution channel analysis
3.3.4 Aftermarket landscape
3.3.5 Vendor matrix
3.4 Technology & innovation landscape
3.4.1 Intelligent machine parts
3.4.2 Enhanced ropes & related angles
3.5 Regulatory landscape
3.5.1 ISO Standards
3.5.1.1 ISO 4310
3.5.1.2 ISO 8686
3.5.1.3 ISO 10245-12008
3.5.1.4 ISO 12480-1
3.5.1.5 ISO 23815-1
3.5.1.6 ISO 12482
3.5.1.7 ISO 23814
3.5.1.8 OSHA 29 CFR 1926.21
3.5.2 Asia Pacific
3.5.2.1 NATIONAL CAPITAL GOODS POLICY 2016 (Ministry of Heavy Industries & Public Enterprises Department of Heavy Industry)
3.5.2.2 Department of Heavy Industry
3.5.2.3 iCEMA - Indian Construction Equipment Manufacturers’ Association
3.5.2.4 China Construction Machinery Association (CCMA)
3.5.2.5 IS 12663 (Part 2)2000
3.5.2.6 The General Administration of Customs (GAC or China Customs)
3.5.2.7 The International Council on Clean Transportation
3.6 Industry impact forces
3.6.1 Growth drivers
3.6.1.1 Growing construction industry in China & India
3.6.1.2 Increasing urbanization and safety concerns in India
3.6.1.3 Rapid infrastructure development in Asian countries
3.6.1.4 Growing reconstruction and maintenance activities in Japan
3.6.1.5 Rapid expansion of the construction industry in Australia & New Zealand
3.6.1.6 Increasing infrastructure transformation plans in Indonesia and Thailand
3.6.2 Industry pitfalls & challenges
3.6.2.1 Lack of skilled and qualified operators
3.6.2.2 Optimizing fleet utilization
3.6.2.3 Lack of awareness
3.6.2.4 Limited capital investments in small countries
3.7 Growth potential analysis
3.8 Porter's analysis
3.8.1 Supplier power
3.8.2 Buyer power
3.8.3 Threat of new entrants
3.8.4 Threat of substitutes
3.8.5 Internal rivalry
3.9 Customer analysis
3.9.1 Major pain points
3.9.2 Overview of key players
3.10 Competitive landscape, 2018
3.10.1 Company market share analysis, 2018
3.10.2 Strategy dashboard (New product development, M&A, R&D, Investment landscape)
3.11 PESTEL analysis
Chapter 4 Asia Pacific Construction Equipment Market, By Demand (Revenue)
4.1 Key trends in Asia Pacific construction equipment market, by demand
4.2 New demand
4.2.1 Market estimates and forecast, 2018 – 2032
4.3 Aftermarket
4.3.1 Market estimates and forecast, 2018 – 2032
Chapter 5 Asia Pacific Construction Equipment Market, By Product (Revenue & Shipment)
5.1 Key trends in Asia Pacific construction equipment market, by product
5.2 Earthmoving & road building equipment
5.2.1 Market estimates and forecast, 2018 – 2032
5.2.2 Backhoe
5.2.2.1 Market estimates and forecast, 2018 – 2032
5.2.3 Excavator
5.2.3.1 Market estimates and forecast, 2018 – 2032
5.2.4 Loader
5.2.4.1 Market estimates and forecast, 2018 – 2032
5.2.5 Compaction equipment
5.2.5.1 Market estimates and forecast, 2018 – 2032
5.2.6 Others
5.2.6.1 Market estimates and forecast, 2018 – 2032
5.3 Material handling & cranes
5.3.1 Market estimates and forecast, 2018 – 2032
5.3.2 Storage & handling equipment
5.3.2.1 Market estimates and forecast, 2018 – 2032
5.3.3 Engineered systems
5.3.3.1 Market estimates and forecast, 2018 – 2032
5.3.4 Industrial trucks
5.3.4.1 Market estimates and forecast, 2018 – 2032
5.3.5 Bulk material handling equipment
5.3.5.1 Market estimates and forecast, 2018 – 2032
5.4 Concrete equipment
5.4.1 Market estimates and forecast, 2018 – 2032
5.4.2 Concrete pumps
5.4.2.1 Market estimates and forecast, 2018 – 2032
5.4.3 Crushers
5.4.3.1 Market estimates and forecast, 2018 – 2032
5.4.4 Transit mixers
5.4.4.1 Market estimates and forecast, 2018 – 2032
5.4.5 Asphalt pavers
5.4.5.1 Market estimates and forecast, 2018 – 2032
5.4.6 Batching plants
5.4.6.1 Market estimates and forecast, 2018 – 2032
Chapter 6 Asia Pacific Construction Equipment Market, By Sales Channel (Revenue & Shipment)
6.1 Key trends in Asia Pacific construction equipment market, by sales channel
6.2 Independent dealers/distributors
6.2.1 Market estimates and forecast, 2018 – 2032
6.3 Direct sales to customers
6.3.1 Market estimates and forecast, 2018 – 2032
6.4 Rental companies
6.4.1 Market estimates and forecast, 2018 – 2032
6.5 Online channel
6.5.1 Market estimates and forecast, 2018 – 2032
Chapter 7 APAC Construction Equipment Aftermarket, By Product (Revenue)
7.1 Key trends in APAC construction equipment aftermarket, by product
7.2 Earthmoving & road building equipment
7.2.1 Market estimates and forecast, 2018 – 2032
7.2.2 Backhoe
7.2.2.1 Market estimates and forecast, 2018 – 2032
7.2.3 Excavator
7.2.3.1 Market estimates and forecast, 2018 – 2032
7.2.4 Loader
7.2.4.1 Market estimates and forecast, 2018 – 2032
7.2.5 Compaction equipment
7.2.5.1 Market estimates and forecast, 2018 – 2032
7.2.6 Others
7.2.6.1 Market estimates and forecast, 2018 – 2032
7.3 Material handling & cranes
7.3.1 Market estimates and forecast, 2018 – 2032
7.3.2 Storage & handling equipment
7.3.2.1 Market estimates and forecast, 2018 – 2032
7.3.3 Engineered systems
7.3.3.1 Market estimates and forecast, 2018 – 2032
7.3.4 Industrial trucks
7.3.4.1 Market estimates and forecast, 2018 – 2032
7.3.5 Bulk material handling equipment
7.3.5.1 Market estimates and forecast, 2018 – 2032
7.4 Concrete equipment
7.4.1 Market estimates and forecast, 2018 – 2032
7.4.2 Concrete pumps
7.4.2.1 Market estimates and forecast, 2018 – 2032
7.4.3 Crushers
7.4.3.1 Market estimates and forecast, 2018 – 2032
7.4.4 Transit mixers
7.4.4.1 Market estimates and forecast, 2018 – 2032
7.4.5 Asphalt pavers
7.4.5.1 Market estimates and forecast, 2018 – 2032
7.4.6 Batching plants
7.4.6.1 Market estimates and forecast, 2018 – 2032
Chapter 8 APAC Construction Equipment Aftermarket, By Sales Channel (Revenue)
8.1 Key trends in APAC construction equipment aftermarket, by sales channel
8.2 Independent dealers/distributors
8.2.1 Market estimates and forecast, 2018 – 2032
8.3 Direct sales to customers
8.3.1 Market estimates and forecast, 2018 – 2032
8.4 Rental companies
8.4.1 Market estimates and forecast, 2018 – 2032
8.5 Online channel
8.5.1 Market estimates and forecast, 2018 – 2032
Chapter 9 Asia Pacific Construction Equipment Market, By Region (Revenue & Shipment)
9.1 Key trends in Asia Pacific construction equipment market, by region
9.2 China
9.2.1 China market estimates and forecast, by demand, 2018 – 2032
9.2.2 China market estimates and forecast, by product, 2018 – 2032
9.2.3 China construction equipment aftermarket estimates and forecast, by product, 2018 – 2032
9.3 Hong Kong
9.3.1 Hong Kong market estimates and forecast, by demand, 2018 – 2032
9.3.2 Hong Kong market estimates and forecast, by product, 2018 – 2032
9.3.3 Hong Kong construction equipment aftermarket estimates and forecast, by product, 2018 – 2032
9.4 Oceania
9.4.1 Oceania market estimates and forecast, by demand, 2018 – 2032
9.4.2 Oceania market estimates and forecast, by product, 2018 – 2032
9.4.3 Oceania construction equipment aftermarket estimates and forecast, by product, 2018 – 2032
9.4.4 Australia
9.4.4.1 Australia market estimates and forecast, by demand, 2018 – 2032
9.4.4.2 Australia market estimates and forecast, by product, 2018 – 2032
9.4.4.3 Australia construction equipment aftermarket estimates and forecast, by product, 2018 – 2032
9.4.5 New Zealand
9.4.5.1 New Zealand market estimates and forecast, by demand, 2018 – 2032
9.4.5.2 New Zealand market estimates and forecast, by product, 2018 – 2032
9.4.5.3 New Zealand construction equipment aftermarket estimates and forecast, by product, 2018 – 2032
9.5 Rest of Asia
9.5.1 Rest of Asia market estimates and forecast, by demand, 2018 – 2032
9.5.2 Rest of Asia market estimates and forecast, by product, 2018 – 2032
9.5.3 Rest of Asia construction equipment aftermarket estimates and forecast, by product, 2018 – 2032
9.5.4 India
9.5.4.1 India market estimates and forecast, by demand, 2018 – 2032
9.5.4.2 India market estimates and forecast, by product, 2018 – 2032
9.5.4.3 India construction equipment aftermarket estimates and forecast, by product, 2018 – 2032
9.5.5 South Korea
9.5.5.1 South Korea market estimates and forecast, by demand, 2018 – 2032
9.5.5.2 South Korea market estimates and forecast, by product, 2018 – 2032
9.5.5.3 South Korea construction equipment aftermarket estimates and forecast, by product, 2018 – 2032
9.5.6 Japan
9.5.6.1 Japan market estimates and forecast, by demand, 2018 – 2032
9.5.6.2 Japan market estimates and forecast, by product, 2018 – 2032
9.5.6.3 Japan construction equipment aftermarket estimates and forecast, by product, 2018 – 2032
9.6 ASEAN
9.6.1 ASEAN market estimates and forecast, by demand, 2018 – 2032
9.6.2 ASEAN market estimates and forecast, by product, 2018 – 2032
9.6.3 ASEAN construction equipment aftermarket estimates and forecast, by product, 2018 – 2032
9.6.4 Indonesia
9.6.4.1 Indonesia market estimates and forecast, by demand, 2018 – 2032
9.6.4.2 Indonesia market estimates and forecast, by product, 2018 – 2032
9.6.4.3 Indonesia construction equipment aftermarket estimates and forecast, by product, 2018 – 2032
9.6.5 Malaysia
9.6.5.1 Malaysia market estimates and forecast, by demand, 2018 – 2032
9.6.5.2 Malaysia market estimates and forecast, by product, 2018 – 2032
9.6.5.3 Malaysia construction equipment aftermarket estimates and forecast, by product, 2018 – 2032
9.6.6 Thailand
9.6.6.1 Thailand market estimates and forecast, by demand, 2018 – 2032
9.6.6.2 Thailand market estimates and forecast, by product, 2018 – 2032
9.6.6.3 Thailand construction equipment aftermarket estimates and forecast, by product, 2018 – 2032
9.6.7 Taiwan
9.6.7.1 Taiwan market estimates and forecast, by demand, 2018 – 2032
9.6.7.2 Taiwan market estimates and forecast, by product, 2018 – 2032
9.6.7.3 Taiwan construction equipment aftermarket estimates and forecast, by product, 2018 – 2032
9.6.8 Singapore
9.6.8.1 Singapore market estimates and forecast, by demand, 2018 – 2032
9.6.8.2 Singapore market estimates and forecast, by product, 2018 – 2032
9.6.8.3 Singapore construction equipment aftermarket estimates and forecast, by product, 2018 – 2032
9.6.9 Philippines
9.6.9.1 Philippines market estimates and forecast, by demand, 2018 – 2032
9.6.9.2 Philippines market estimates and forecast, by product, 2018 – 2032
9.6.9.3 Philippines construction equipment aftermarket estimates and forecast, by product, 2018 – 2032
9.6.10 Vietnam
9.6.10.1 Vietnam market estimates and forecast, by demand, 2018 – 2032
9.6.10.2 Vietnam market estimates and forecast, by product, 2018 – 2032
9.6.10.3 Vietnam construction equipment aftermarket estimates and forecast, by product, 2018 – 2032
9.6.11 Myanmar
9.6.11.1 Myanmar market estimates and forecast, by demand, 2018 – 2032
9.6.11.2 Myanmar market estimates and forecast, by product, 2018 – 2032
9.6.11.3 Myanmar construction equipment aftermarket estimates and forecast, by product, 2018 – 2032
Chapter 10 Company Profiles
10.1 Caterpillar Inc.
10.1.1 Business Overview
10.1.2 Financial Data
10.1.3 Product Landscape
10.1.4 Strategic Outlook
10.1.5 SWOT Analysis
10.2 CNH Industrial
10.2.1 Business Overview
10.2.2 Financial Data
10.2.3 Product Landscape
10.2.4 Strategic Outlook
10.2.5 SWOT Analysis
10.3 Doosan Group
10.3.1 Business Overview
10.3.2 Financial Data
10.3.3 Product Landscape
10.3.4 Strategic Outlook
10.3.5 SWOT Analysis
10.4 Guangxi LiuGong Machinery Co., Ltd.
10.4.1 Business Overview
10.4.2 Financial Data
10.4.3 Product Landscape
10.4.4 Strategic Outlook
10.4.5 SWOT Analysis
10.5 Hitachi Construction Machinery Co. Ltd.
10.5.1 Business Overview
10.5.2 Financial Data
10.5.3 Product Landscape
10.5.4 Strategic Outlook
10.5.5 SWOT Analysis
10.6 J.C. Bamford Excavators Limited
10.6.1 Business Overview
10.6.2 Financial Data
10.6.3 Product Landscape
10.6.4 Strategic Outlook
10.6.5 SWOT Analysis
10.7 John Deere
10.7.1 Business Overview
10.7.2 Financial Data
10.7.3 Product Landscape
10.7.4 Strategic Outlook
10.7.5 SWOT Analysis
10.8 Kobelco Construction Machinery Co. Ltd.
10.8.1 Business Overview
10.8.2 Financial Data
10.8.3 Product Landscape
10.8.4 Strategic Outlook
10.8.5 SWOT Analysis
10.9 Komatsu Ltd.
10.9.1 Business Overview
10.9.2 Financial Data
10.9.3 Product Landscape
10.9.4 Strategic Outlook
10.9.5 SWOT Analysis
10.10 Liebherr Group
10.10.1 Business Overview
10.10.2 Financial Data
10.10.3 Product Landscape
10.10.4 Strategic Outlook
10.10.5 SWOT Analysis
10.11 Metso Corporation
10.11.1 Business Overview
10.11.2 Financial Data
10.11.3 Product Landscape
10.11.4 Strategic Outlook
10.11.5 SWOT Analysis
10.12 Palfinger AG
10.12.1 Business Overview
10.12.2 Financial Data
10.12.3 Product Landscape
10.12.4 Strategic Outlook
10.12.5 SWOT Analysis
10.13 Sany Group