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In-depth Analysis and Data-driven Insights on the Impact of COVID-19 Included in this Vietnam Crawler Excavator Market Report Speak directly to the analyst to clarify any post sales queries you may have.
The fast recovery of countries such as China, Korea, and Japan from the pandemic situation is the major factor helping Vietnam to recover faster from the pandemic situation and is expected to attract significant investments over the coming years.
The report considers the present scenario of the crawler excavator market in Vietnam and market dynamics for the forecast period 2021−2027. It covers a detailed overview of several growth enablers, restraints, and trends in the market. The study includes the volume and value sales with a segment analysis of the Vietnam crawler excavator market.
VIETNAM CRAWLER EXCAVATOR MARKET INSIGHTS
- Increasing infrastructure investment and construction operations in the country are expected to boost the demand for crawler excavators in the country over the forecast period.
- By 2025, the Government of Vietnam is planning to invest around US$ 120 billion in infrastructure projects. Infrastructure construction projects that are halted or suspended due to the pandemic are expected to resume and increase the demand for excavators over the period.
- Vietnam’s mini crawler excavator market is expected to reach 605 units by 2027, growing at a CAGR of 8.82%.
- High foreign investment leads to economic growth in Vietnam, which will help the government to invest more in public infrastructure that will be the driving force for Excavator demand.
- The volume of 102-200HP gross power excavators accounted for the largest share of around 32.1% in 2020.
- In Vietnam, transportation, tunnels, electric power, water supply resource, and real estate are among the five-focus sector. The government has proposed large-scale infrastructure projects and is expected to increase demand for medium excavators.
KEY HIGHLIGHTS FROM THE REPORT
- In terms of end-users, the construction industry is expected to generate the highest demand for excavators and is anticipated to dominate the market in the upcoming years.
- Incorporation of intelligent systems driven by IoT and data analysis for service, networking, and sustainability, the market is transitioning to a more innovative industry.
- Excavators used in various sports tournaments and waste and sewage disposal are expected to contribute to the market's growth.
VIETNAM CRAWLER EXCAVATOR MARKET - SEGMENTAL ANALYSIS
- The rise in fuel prices will increase the demand growth of mini excavators as they are more fuel-efficient and compact than heavy excavators.
- Vietnam's Crawler excavator market in the agriculture sector is expected to reach 318 units by 2027.
- Vietnam's government is investing in roads and infrastructure that will propel the growth of excavators in the gross power output segment.
Market Segmentation by Excavator Type
- Mini (< 6 tons)
- Small (7-25 tons)
- Medium (26-40 tons)
- Large (above 40 tons)
Market Segmentation by Application
- Construction
- Mining
- Agriculture
- Forestry
- Others
Market Segmentation by Gross Power Output
- 61-101 HP
- 102-200 HP
- >201 HP
VIETNAM CRAWLER EXCAVATOR MARKET - VENDOR LANDSCAPE
Intense competition in technology and design, Excavator manufacturers are vigorously focusing on promoting technologically innovative features and a wide variety of attachments for their equipment. Manufacturers are making operational advances in their excavator motors to manage their competitiveness in the market. For instance, Komatsu collaborated with Honda motor to manufacture micro electric excavator powered by Honda.
Major Vendors
- Caterpillar
- Komatsu
- Hitachi
- Hyundai Construction Equipment
- Sany
- Volvo
- Doosan
- Kobelco
Other Prominent Vendors
- Kubota
- Sumitomo
- Ingersoll Rand
- XCMG
WHY SHOULD YOU BUY THIS REPORT?
?This report is among the few in the market that offers outlook and opportunity analysis forecast in terms of:
- Volume (Unit sales)
- Type
- Excavator Type and Operating Weight
- Application
- Gross Power Output
- Value (USD)
- Type
- Excavator Type and Operating Weight
- Application
- Gross Power Output
- Gain competitive intelligence about the economic scenario, advantages in Vietnam, 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
- Gain expert quantitative and qualitative analysis on value/volume growth projections of the Vietnam crawler excavator market share
- Complete supply chain analysis
- Get COVID-19 impact analysis of the market
- Company Profile of 8 major vendors
KEY QUESTIONS ANSWERED:
1. How big is the Vietnam Crawler Excavator Market?
2. What are the different types of excavators in the Vietnam Crawler Excavator Market?
3. Who are the major vendors in Vietnam Excavator Market?
4. What are the key factors driving the Vietnam Crawler Excavator Market?
5. Which types of excavators accounted for the largest market share?
Table of Contents
Section 1 - Introduction
Section 2 - The Market Overview
Section 3 - Technological Advances
Section 4 - Market Dynamics
Section 5 - Vietnam Crawler Excavator Market (Type & Operating Weight)
Section 6 - Market Landscape
Section 7 - Competitive Landscape
Section 8 - Report Summary
Section 9 - Appendix
Companies Mentioned
- Caterpillar
- Komatsu
- Hitachi
- Hyundai Construction Equipment
- Sany
- Volvo
- Doosan
- Kobelco
- Kubota
- Sumitomo
- Ingersoll Rand
- XCMG
Methodology
Our research comprises a mix of primary and secondary research. The secondary research sources that are typically referred to include, but are not limited to, company websites, annual reports, financial reports, company pipeline charts, broker reports, investor presentations and SEC filings, journals and conferences, internal proprietary databases, news articles, press releases, and webcasts specific to the companies operating in any given market.
Primary research involves email interactions with the industry participants across major geographies. The participants who typically take part in such a process include, but are not limited to, CEOs, VPs, business development managers, market intelligence managers, and national sales managers. We primarily rely on internal research work and internal databases that we have populated over the years. We cross-verify our secondary research findings with the primary respondents participating in the study.
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 73 |
| Published | August 2021 |
| Forecast Period | 2021 - 2027 |
| Estimated Market Value in 2021 | 1613 Unit |
| Forecasted Market Value by 2027 | 2832 Unit |
| Compound Annual Growth Rate | 9.8% |
| Regions Covered | Vietnam |
| No. of Companies Mentioned | 12 |
