Thailand Construction Equipment Market, By Equipment (Earthmoving Equipment, Material Handling Equipment, Heavy Construction Equipment, Others); By Propulsion Type (Diesel, CNG/LNG/RNG); By Power Output (<100HP, 101–200HP, 201–400HP, >400 HP); By Engine C

Thailand Construction Equipment Market, By Equipment (Earthmoving Equipment, Material Handling Equipment, Heavy Construction Equipment, Others); By Propulsion Type (Diesel, CNG/LNG/RNG); By Power Output (<100HP, 101–200HP, 201–400HP, >400 HP); By Engine Capacity (<5L, 5–10L, >10L); By Application (Commercial, Residential, Infrastructure), Trend Analysis, Competitive Landscape & Forecast, 2019–2030


Thailand Construction Equipment Market Size Expands at CAGR of 6.1% to Reach USD 2.87 Billion by 2030
Thailand Construction Equipment Market is flourishing because of the growing infrastructure development and urbanization and real estate boom.
BlueWeave Consulting, a leading strategic consulting and market research firm, in its recent study, estimated Thailand Construction Equipment Market size at USD 1.89 billion in 2023. During the forecast period between 2024 and 2030, BlueWeave expects Thailand Construction Equipment Market size to expand at a CAGR of 6.10% reaching a value of USD 2.87 billion by 2030. The growing demand for residential and commercial spaces, along with the country's rapidly increasing population, is one of the primary growth factors driving Thailand construction equipment market. Furthermore, it is projected that the Thailand construction equipment market will be driven during the forecast period by the increasing incorporation of cutting-edge technologies, including artificial intelligence (AI) and the Internet of Things (IoT), to enhance the performance of these devices.
Opportunity - Increasing number of construction projects
The rising foreign direct investments (FDIs) towards the establishment of production and manufacturing plants in Thailand. The infrastructure segment also covers a substantial market share owing to the rising government investment in the construction of infrastructure projects, such as airports, hospitals, and roads. The residential segment is also growing at a high rate owing to the rising demand for residential facilities due to the increasing population.
Engines with 5–10L Capacity Lead Construction Equipment Market
The engine capacity between 5 liters and 10 liters segment holds the largest share in Thailand Construction Equipment Market. The growth of the segment is mainly attributed to the wide use of construction equipment with this engine capacity range in commercial and infrastructural projects. The other major segments based on engine capacity include less than 5 liters and more than 10 liters.
Competitive Landscape
Thailand Construction Equipment market is intensely competitive, as a number of companies are competing to gain a significant market share. Key players in the market include Caterpillar Inc., SANY Group, Komatsu Ltd, Hitachi Construction Equipment Co. Ltd, Hyundai Construction Equipment Co. Ltd, Kobelco Construction Machinery, XCMG Group, Zoomlion Heavy Industry Science and Technology Co., Ltd, Liebherr Group, CNH Industrial N.V., and JC Bamford Excavators Ltd (JCB). To further enhance their market share, these companies employ various strategies, including mergers and acquisitions, partnerships, joint ventures, license agreements, and new product launches.

The in-depth analysis of the report provides information about growth potential, upcoming trends, and Thailand Construction Equipment Market. It also highlights the factors driving forecasts of total market size. The report promises to provide recent technology trends in Thailand Construction Equipment Market and industry insights to help decision-makers make sound strategic decisions. Furthermore, the report also analyzes the growth drivers, challenges, and competitive dynamics of the market.


1. Research Framework
1.1. Research Objective
1.2. Product Overview
1.3. Market Segmentation
2. Executive Summary
3. Thailand Construction Equipment Market Insights
3.1. Industry Value Chain Analysis
3.2. DROC Analysis
3.2.1. Growth Driver
3.2.1.1. Growing Infrastructure Development and Urbanization
3.2.1.2. Real Estate Boom
3.2.1.3. Rising Disposable Income
3.2.1.4. Rental Market Growth
3.2.2. Restraints
3.2.2.1. Economic Fluctuations
3.2.2.2. High Equipment Costs
3.2.2.3. Skill Shortages
3.2.3. Opportunities
3.2.3.1. Technology Integration
3.2.3.2. Used Equipment Market
3.2.3.3. Export Potential
3.2.4. Challenges
3.2.4.1. Supply Chain Disruptions
3.2.4.2. Trade Restrictions
3.3. Technological Advancements/Recent Developments
3.4. Regulatory Framework
3.5. Porter’s Five Forces Analysis
3.5.1. Bargaining Power of Suppliers
3.5.2. Bargaining Power of Buyers
3.5.3. Threat of New Entrants
3.5.4. Threat of Substitutes
3.5.5. Intensity of Rivalry
4. Thailand Construction Equipment Market: Marketing Strategies
5. Thailand Construction Equipment Market Overview
5.1. Market Size & Forecast, 2019–2030
5.1.1. By Value (USD Billion)
5.2. Market Share and Forecast
5.2.1. By Equipment
5.2.1.1. Earthmoving Equipment
5.2.1.1.1. Loaders
5.2.1.1.2. Excavators
5.2.1.1.3. Backhoe
5.2.1.1.4. Loaders
5.2.1.1.5. Compactors
5.2.1.1.6. Others
5.2.1.2. Material Handling Equipment
5.2.1.2.1. Cranes
5.2.1.2.2. Industrial Trucks
5.2.1.2.3. Road Rollers
5.2.1.2.4. Others
5.2.1.3. Heavy Construction Equipment
5.2.1.3.1. Concrete Pumps
5.2.1.3.2. Crushers
5.2.1.3.3. Transit Mixers
5.2.1.3.4. Asphalt Pavers
5.2.1.3.5. Batching Plants
5.2.1.3.6. Others
5.2.1.4. Others
5.2.2. By Propulsion Type
5.2.2.1. Diesel
5.2.2.2. CNG/LNG/RNG
5.2.3. By Power Output
5.2.3.1. <100HP
5.2.3.2. 101–200HP
5.2.3.3. 201–400HP
5.2.3.4. >400 HP
5.2.4. By Engine Capacity
5.2.4.1. <5L
5.2.4.2. 5–10L
5.2.4.3. >10L
5.2.5. By Application
5.2.5.1. Commercial
5.2.5.2. Residential
5.2.5.3. Infrastructure
6. Competitive Landscape
6.1. List of Key Players and Their Offerings
6.2. Thailand Construction Equipment Market Share Analysis, 2022
6.3. Competitive Benchmarking, By Operating Parameters
6.4. Key Strategic Developments (Mergers, Acquisitions, Partnerships, etc.)
7. Impact of Escalating Geopolitical Tensions on Thailand Construction Equipment Market
8. Company Profiles (Company Overview, Financial Matrix, Competitive Landscape, Key Personnel, Key Competitors, Contact Address, Strategic Outlook, and SWOT Analysis)
8.1. Caterpillar Inc.
8.2. SANY Group
8.3. Komatsu Ltd
8.4. Hitachi Construction Equipment Co. Ltd
8.5. Hyundai Construction Equipment Co. Ltd
8.6. Kobelco Construction Machinery
8.7. XCMG Group
8.8. Zoomlion Heavy Industry Science and Technology Co., Ltd
8.9. Liebherr Group
8.10. CNH Industrial N.V.
8.11. JC Bamford Excavators Ltd (JCB)
8.12. Other Prominent Players
9. Key Strategic Recommendations
10. Research Methodology
10.1. Qualitative Research
10.1.1. Primary & Secondary Research
10.2. Quantitative Research
10.3. Market Breakdown & Data Triangulation
10.3.1. Secondary Research
10.3.2. Primary Research
10.4. Breakdown of Primary Research Respondents, By Region
10.5. Assumptions & Limitations
*Financial information of non-listed companies can be provided as per availability.
**The segmentation and the companies are subject to modifications based on in-depth secondary research for the final deliverable
List of Figures
Figure 1 Thailand Construction Equipment Market Segmentation
Figure 2 Thailand Construction Equipment Market Value Chain Analysis
Figure 3 Company Market Share Analysis, 2023
Figure 4 Thailand Construction Equipment Market Size, By Value (USD Billion), 2019–2030
Figure 5 Thailand Construction Equipment Market Share, By Equipment , By Value, 2019–2030
Figure 6 Thailand Construction Equipment Market Share, By Propulsion Type, By Value, 2019–2030
Figure 7 Thailand Construction Equipment Market Share, By Power Output, By Value, 2019–2030
Figure 8 Thailand Construction Equipment Market Share, By Engine Capacity, By Value, 2019–2030
Figure 9 Thailand Construction Equipment Market Share, By Application, By Value, 2019–2030
List of Tables
Table 1 Thailand Construction Equipment Market Size, By Value (USD Billion), 2019–2030
Table 2 Thailand Construction Equipment Market Share, By Equipment , By Value, 2019–2030
Table 3 Thailand Construction Equipment Market Share, By Propulsion Type, By Value, 2019–2030
Table 4 Thailand Construction Equipment Market Share, By Power Output, By Value, 2019–2030
Table 5 Thailand Construction Equipment Market Share, By Engine Capacity, By Value, 2019–2030
Table 6 Thailand Construction Equipment Market Share, By Application, By Value, 2019–2030
Table 7 Caterpillar Inc. Company Overview
Table 8 Caterpillar Inc. Financial Overview
Table 9 SANY Group Company Overview
Table 10 SANY Group Financial Overview
Table 11 Komatsu Ltd Company Overview
Table 12 Komatsu Ltd Financial Overview
Table 13 Hitachi Construction Equipment Co. Ltd Company Overview
Table 14 Hitachi Construction Equipment Co. Ltd Financial Overview
Table 15 Hyundai Construction Equipment Co. Ltd Company Overview
Table 16 Hyundai Construction Equipment Co. Ltd Financial Overview
Table 17 Kobelco Construction Machinery Company Overview
Table 18 Kobelco Construction Machinery Financial Overview
Table 19 XCMG Group Company Overview
Table 20 XCMG Group Financial Overview
Table 21 Zoomlion Heavy Industry Science and Technology Co., Ltd Company Overview
Table 22 Zoomlion Heavy Industry Science and Technology Co., Ltd Financial Overview
Table 23 Liebherr Group Company Overview
Table 24 Liebherr Group Financial Overview
Table 25 CNH Industrial N.V. Company Overview
Table 26 CNH Industrial N.V. Financial Overview
Table 27 JC Bamford Excavators Ltd (JCB) Company Overview
Table 28 JC Bamford Excavators Ltd (JCB) Financial Overview
Table 29 Other Prominent Players Company Overview
Table 30 Other Prominent Players Financial Overview

Download our eBook: How to Succeed Using Market Research

Learn how to effectively navigate the market research process to help guide your organization on the journey to success.

Download eBook
Cookie Settings