Markoorsig

The demand for medium excavators is expected to witness a significant spike due to increasing investments in road construction, housing projects, and Smart Cities initiatives. As these sectors experience growth, the need for medium excavators will rise accordingly.

In the construction industry, excavators play a crucial role, accounting for the largest share of approximately 42%. This can be attributed to substantial government expenditure on construction projects, which fuels the demand for excavators in this sector.

Caterpillar, as part of its strategic approach, aims to deliver high-quality power systems and machines by focusing on implementing defect-free initiatives within the country. By emphasizing quality and reliability, Caterpillar seeks to establish itself as a trusted provider of excavators in Thailand.

Considering the high procurement and maintenance costs associated with excavators, contractors often prefer rentals. gevolglik, the rental segment is expected to witness gradual growth as contractors opt for cost-effective solutions.

Manufacturers are continuously making operational advancements in key aspects of excavators such as motors, hydraulic systems, structure, tracks, and cab construction. These improvements aim to enhance telematics, fuel efficiency, and overall competitiveness of the excavators in the market.

Thailand’s excellent digital infrastructure, highly skilled labor force, and high quality of living make it an attractive investment destination. These factors contribute to the growth of the crawler excavator market in the country, attracting manufacturers and investors alike.

The crawler excavator market is progressively moving towards innovation by adopting intelligent systems driven by the Internet of Things (IoT) and data analysis. This shift enables enhanced services, networking capabilities, and sustainability in the industry, paving the way for a more efficient and advanced market environment.

Marksegmentasie

The market is segmented based on various factors, including type, gross power, and application.

Segmentation by Type
Mini (less than 6 tons)
Small (6-15 tons)
Medium (15-30 tons)
Large (above 30 tons)

Segmentation by Gross Power
Less than 60 HP
61-101 HP
102-200 HP
Greater than 201 HP

Segmentation by Application
Konstruksie
Mining
Landbou
Forestry
Ander

The recent surge in demand for medium crawler excavators has prompted Original Equipment Manufacturers (OEMs) to place their primary focus on this particular range. Furthermore, this trend is expected to continue during the forecast period, further bolstering the demand for medium crawler excavators.

In the Thailand crawler excavator market, the revenue generated from the agriculture sector is projected to reach USD 76.3 miljoen deur 2027, exhibiting a compound annual growth rate (CAGR) van 6.43%. This growth can be attributed to various factors driving the agricultural industry’s need for crawler excavators.

The implementation of remote operation technology for excavators, especially in deep mine operations, coupled with the advancements in 5G technology, is anticipated to significantly increase the demand for excavators used in mining operations. This approach offers enhanced safety measures by enabling operators to control excavators from a distance, thereby contributing to the growth of the mining segment.

Thailand’s mini crawler excavator market is expected to witness substantial growth, reaching 2,990 units by 2027, with a CAGR of 6.47%. The growing demand for mini crawler excavators can be attributed to their versatility and suitability for various applications, contributing to their rising popularity in the market.

Mededingende landskap

Prominent players in the Thailand crawler excavator market include Caterpillar, Komatsu, Hitachi Construction Machinery, JCB, Hyundai Construction Equipment (HCE), SANY, Doosan Excavator, Volvo Construction Equipment, and Kobelco. Komatsu, in particular, is implementing a strategic plan to establish manufacturing units in countries where its products are sold. This approach enables the company to create a global network encompassing both production and sales within the market.

Given the highly competitive landscape in terms of technology and design, excavator manufacturers are actively promoting their devices by emphasizing technologically innovative features and a wide range of attachments. These marketing efforts are aimed at capturing the attention of customers and staying ahead in the market.

Key Questions Answered

What is the estimated market size of the crawler excavator market in Thailand from 2021 aan 2027?

The Thailand crawler excavator market is expected to reach USD 324.4 million during the period of 2021 aan 2027.

What is the projected unit volume of the crawler excavator market in Thailand in 2027?

The volume of the Thailand crawler excavator market is expected to reach 6,949 units by 2027.

Who are the leading players in the crawler excavator market in Thailand?

The top players in the Thailand crawler excavator market include Caterpillar, Komatsu, Hitachi Construction Machinery, JCB, Hyundai Construction Equipment (HCE), SANY, Doosan Excavator, Volvo Construction Equipment, and Kobelco.

Which segment holds the largest market share in the crawler excavator market in Thailand?

The mini crawler excavator segment in Thailand is expected to reach 2,990 units by 2027, accounting for the largest market share.

What is the growth rate of the crawler excavator market in Thailand?

The volume of the Thailand crawler excavator market is projected to grow at a compound annual growth rate (CAGR) van 7.01%.

What favorable government regulations contribute to the growth of the crawler excavator market in Thailand?

The construction industry’s use of excavators holds the largest market share, approximately 42%, supported by significant government expenditure on construction projects.