Thailand Crawler Excavator Market Report 2021-2027

DUBLIN, July 2, 2021 / PRNewswire / – The “Thailand Crawler Excavator Market – Strategic Assessment and Forecast 2021-2027” the report was added to ResearchAndMarkets.com offer.

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Thailand The crawler excavator market grows at 5.98% CAGR during the period 2021-2027.

Demand in the Thailand The crawler excavator market fell 18% in 2020, but unit sales are expected to return to pre-Covid levels by 2023, assuming geopolitical stability. Public investment is expected to remain one of the main drivers of Thailand market, increasing over the next few years, in line with the government’s infrastructure plans to attract private investment.

The report examines the current scenario of the Thailand crawler excavator market in Indonesia and its market dynamics for the forecast period 2021-2027. It covers a detailed overview of several growth factors, restraints and market trends. The study includes the volume and value of sales with an analysis of the segments of the Indonesia crawler excavator market.

HIGHLIGHTS OF THE REPORT

  • Manufacturers are making operational advancements in their hydraulic excavator motors, hydraulic systems, structure, tracks and cabin construction to improve fuel efficiency and telematics competitiveness.

  • Thailand is the preferred investment location due to its excellent digital infrastructure, highly skilled workforce and high quality of life, driving the growth of the crawler excavator market.

  • The crawler excavator market is evolving into an innovative industry shifting to intelligent systems driven by IoT and data analytics for service, networking and sustainability.

THAILAND TRACKED EXCAVATOR MARKET OVERVIEW

  • Increased investment in road construction, housing projects and smart city projects is expected to increase demand for medium excavators.

  • Excavators used in the construction industry accounted for the largest share of around 42% due to huge government spending on the construction project.

  • Thailand The market demand for crawler excavators is mainly driven by mining activities which are expected to show significant growth across the country.

  • Caterpillar is strategizing to deliver high quality electrical systems and machinery with a focus on implementing fault-free initiatives nationwide.

  • Due to the high cost of purchasing and maintaining excavators, rentals are preferred by contractors; thus, the rental segment will eventually increase.

THAILAND TRACKED EXCAVATOR MARKET – VENDOR LANDSCAPE

Caterpillar, Komatsu, Hitachi Construction Machinery, JCB, Hyundai Construction Equipment (HCE), SANY, Doosan Excavator, Volvo Construction Equipment and Kobelco are the main suppliers of the Thailand crawler excavator market.

Komatsu is developing a strategy to set up manufacturing units in the countries where its products are sold. The company can establish a global network of production and sales in the market. Due to intense competition in technology and design, excavator manufacturers are marketing their devices with vigor, focusing on technologically innovative features and a wide variety of attachments.

Main suppliers

  • caterpillar

  • Komatsu

  • Hitachi construction machinery

  • JCB

  • Hyundai Construction Equipment (HCE)

  • SANY

  • Doosan excavator

  • Volvo construction equipment

  • Kobelco

Other important suppliers

  • Sumitomo construction machinery

  • Xuzhou Construction Machinery Group Co., Ltd. (XCMG

  • Leeboy

  • Kubota machines

  • Ingersoll Rand

  • Liebherr Group

THAILAND TRACKED EXCAVATOR MARKET – SEGMENTAL ANALYSIS

  • OEMs mainly focus on medium crawler excavators as this range has seen significant demand in the recent past and is expected to increase further during the forecast period.

  • Thailand The crawler excavator market revenue by agriculture is expected to reach $ 76.3 million by 2027, with a CAGR of 6.43%.

  • With the emergence of remote mining of excavators deep within mines and the advent of 5G technology, the demand for excavators used in mining is expected to increase as it is comparatively safer to use excavators. remotely.

  • Thailand The mini crawler excavator market is expected to reach 2,990 units by 2027, with a CAGR of 6.47%.

Segmentation by excavator type and operating weight

  • Mini (

  • Small (6-25 tons)

  • Medium (25-40 tons)

  • Large (> 40 tons)

Segmentation by application

  • Mining

  • Construction

  • Agriculture

  • Forestry

  • Other

Segmentation by gross output power

  • 61-101 CV

  • 102-200 HP

  • > 201 CV

WHY BUY THIS REPORT?

This report is among the few in the market that offers an analysis of the outlook and opportunities in terms of

Volume (Unit sales)

Value (USD)

  • Type

  • Excavator Type and Operating Weight

  • Application

  • Gross output power

  • Obtain a competitive intelligence on the economic scenario, the advantages in Thailand, major projects and investments, market dynamics and market share

  • Examples of latest technologies

  • Get presentation-ready format and easy-to-interpret data.

  • Enable decision-makers to make informed and profitable choices

  • Benefit from a quantitative and qualitative analysis of experts on the value / volume growth projections of the Thailand crawler excavator market share

  • Complete supply chain analysis

  • Get a COVID-19 impact analysis of the market

  • Company Profile of Top 15 Suppliers

For more information on this report, visit https://www.researchandmarkets.com/r/lwies0

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