ASEAN Construction Machinery Market Competitive Insights and Precise Outlook 2021- Kobelco Construction Machinery Co., Ltd., Hitachi Construction Machinery Co., Sumitomo Construction Machinery
ASEAN Construction Machinery Market - Growth. Trends And Forecasts (2020-2025)The report presents an in-depth assessment of the ASEAN Construction Machinery including enabling technologies, key trends, market drivers, challenges, standardization, regulatory landscape, deployment models, operator case studies, opportunities, future roadmap, value chain, ecosystem player profiles and strategies. The report also presents forecasts for ASEAN Construction Machinery investments from 2020 till 2025.
The ASEAN construction machinery market is expected to register a CAGR of more than 7%, during the forecast period, (2020 - 2025).
The ASEAN Construction Machinery market is highly competitive and consists of a number of major players: Kobelco Construction Machinery Co., Ltd., Hitachi Construction Machinery Co., Sumitomo Construction Machinery, CNH Industrial, Caterpillar Inc., Liebherr Group, Mitsubishi Corporation, JCB
(Special Offer: Get flat 25% discount on this report)
Click the link to get a free Sample Copy of the Report:
https://www.marketinsightsreports.com/reports/10192357083/asean-construction-machinery-market-growth-trends-and-forecasts-2020-2025/inquiry?source=MW&Mode=70 .
Scope of the Report
The infrastructure investments in the region accounted for 12% of the total FDI received with the majority of investments into transportation and real estate sectors. It is expected that, over the next five years, the ASEAN region has an infrastructure project pipeline worth USD 250 billion. The rise in construction activities is expected to boost the demand for construction machinery over the forecast period.
Key Market Trends
Rising Road Construction Projects
Over the past few years, the road construction equipment market has witnessed significant growth, mainly due to increased road development programs initiated by the governments across the region.
Due to cheap labor costs and lower taxes, various multinational corporations are establishing their manufacturing units in the ASEAN region. However, lack of road infrastructure connecting major ports to manufacturing locations often restrains the economic growth of the region. Thus, to provide easy accessibility to ports and other areas, the governments across the ASEAN region are investing heavily in the construction of roads. For instance, the Philippines is planning to boost infrastructure development by investing USD 144 billion under a six-year plan which includes major road construction projects, airport construction projects, and railway projects amongst others. Thus, creating a demand for construction equipment in the future.
With the rise in road construction activities, the demand for construction machinery had been increasing, which is being supported by importing these machines. Exports of heavy machinery from Singapore to the rest of the ASEAN region has grown steadily over the years, which is supported by the key drivers, led by the increasing investment in construction projects in the ASEAN region. Two examples of high growth opportunities in ASEAN are the Philippines and Thailand, among others. Singapore exports of heavy machinery to Thailand has the second fastest growth in the region.
Thus, various initiatives taken by governments in ASEAN region to boost infrastructure projects and an increase in government involvement in planning, coordinating, and financing projects, is expected to drive the growth of the market during the forecast period.
Increasing Demand for Construction Machinery in Vietnam
In the last few years construction activities in Vietnam had seen a high growth rate. In 2007, the revenue from the construction sector in the country was USD 1.2 billion, and by 2019, the revenue increased up to 10.5 billion. Moreover, with an increase in the governments investment in both commercial and residential sectors, the construction sector saw huge growth.
The Vietnamese government under an eight Five year Socio-Economic Development plan (2016-2020) had also increased housing area per capita from 16.7 m2 in 2016 to 23.2 m2 by the end of 2019 and is further going increase by 25m2 by the end of 2020.
Ongoing and future construction projects in the country include Thu Thiem Smart City Metro lines development (USD 800 million), Long Thanh International Airport (USD 16 billion), and expansion at the Tan Son Nhat International Airport.
Browse the Full report description and TOC at:
https://www.marketinsightsreports.com/reports/10192357083/asean-construction-machinery-market-growth-trends-and-forecasts-2020-2025?source=MW&Mode=70
What are the market factors that are explained in the report?
–Key Strategic Developments: The study also includes the key strategic developments of the market, comprising R&D, new product launch, M&A, agreements, collaborations, partnerships, joint ventures, and regional growth of the leading competitors operating in the market on a global and regional scale.
–Key Market Features: The report evaluated key market features, including revenue, price, capacity, capacity utilization rate, gross, production, production rate, consumption, import/export, supply/demand, cost, market share, CAGR, and gross margin. In addition, the study offers a comprehensive study of the key market dynamics and their latest trends, along with pertinent market segments and sub-segments.
–Analytical Tools: ASEAN Construction Machinery Market report includes the accurately studied and assessed data of the key industry players and their scope in the market by means of a number of analytical tools. The analytical tools such as Porter’s five forces analysis, feasibility study, and investment return analysis have been used to analyzed the growth of the key players operating in the market.
The research includes historic data from 2014 to 2019 and forecasts until 2025 which makes the reports an invaluable resource for industry executives, marketing, sales and product managers, consultants, analysts, and other people looking for key industry data in readily accessible documents with clearly presented tables and graphs
Contact Us:
Irfan Tamboli (Head of Sales) – Market Insights Reports
Phone: + 1704 266 3234 | +91-750-707-8687
sales@marketinsightsreports.com | irfan@marketinsightsreports.com
About Us:
MarketInsightsReports provides syndicated market research on industry verticals including Healthcare, Information and Communication Technology (ICT), Technology and Media, Chemicals, Materials, Energy, Heavy Industry, etc.MarketInsightsReports provides global and regional market intelligence coverage, a 360-degree market view which includes statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release ASEAN Construction Machinery Market Competitive Insights and Precise Outlook 2021- Kobelco Construction Machinery Co., Ltd., Hitachi Construction Machinery Co., Sumitomo Construction Machinery here
News-ID: 2482672 • Views: …
More Releases from Market Insights Reports
RTK Receiver Market Competition Strategies, Revenue Analysis, Key Players, Regio …
The qualitative report published by market intelligence data research on the RTK Receiver Market offers an in-depth examination of the current trends, latest expansions, conditions, market size, various drivers, limitations, and key players along with their profile details. The RTK Receiver market report offers the historical data for 2017 to 2022 and also makes available the forecast data from the year 2023 to 2029 which is based on revenue. With…
Head Emergency Immobilizer Market: Size, Share, Trends, Growth, and Revenue Proj …
****Revolutionary New Findings have been Uncovered in the Latest Research Report.….!
Global Head Emergency Immobilizer market Size, Status, and forecast for the 2023-2029 .The research provides accurate economic, global, and country-level predictions and analyses. It provides a comprehensive perspective of the competitive market as well as an in-depth supply chain analysis to assist businesses in identifying major changes in industry practices. The market report also examines the current state of the…
4D Diagnostic Ultrasound System Market to See Huge Growth & Profitable Business …
****Revolutionary New Findings have been Uncovered in the Latest Research Report.….!
Global 4D Diagnostic Ultrasound System market Size, Status, and forecast for the 2023-2029 .The research provides accurate economic, global, and country-level predictions and analyses. It provides a comprehensive perspective of the competitive market as well as an in-depth supply chain analysis to assist businesses in identifying major changes in industry practices. The market report also examines the current state of…
Caulk Market 2023 Report Provides Pin Point Analysis of Changing Competition Dyn …
The qualitative report published by market intelligence data research on the Caulk Market offers an in-depth examination of the current trends, latest expansions, conditions, market size, various drivers, limitations, and key players along with their profile details. The Caulk market report offers the historical data for 2017 to 2022 and also makes available the forecast data from the year 2023 to 2029 which is based on revenue. With the help…
More Releases for ASEAN
ASEAN Automotive Insurance market
Astute Analytica published a new report on the ASEAN Automotive Insurance market, the research study offers analysis and detailed insights on key market dynamics including growth drivers, restraint factors, challenges, opportunity analysis, and trends. The research report also includes a detailed analysis of market segmentation, competitive landscape, market vendors, and estimated market size in qualitative and quantitative methods.
The ASEAN Automotive Insurance market is anticipated to witness a remarkable growth at…
ASEAN Automotive Insurance market |Indonesia Malaysia Philippines
Astute Analytica published a new report on the ASEAN Automotive Insurance market, the research study offers analysis and detailed insights on key market dynamics including growth drivers, restraint factors, challenges, opportunity analysis, and trends. The research report also includes a detailed analysis of market segmentation, competitive landscape, market vendors, and estimated market size in qualitative and quantitative methods.
The ASEAN Automotive Insurance market is anticipated to witness a remarkable growth at…
A Call to Brighten ASEAN through Renewable Energy
Powering ASEAN’s Bright Future through the 5th ASEAN Youth Video contest on Renewable Energy
Jakarta, 25 January 2019 – This week, the ASEAN Foundation launched the 5th ASEAN Youth Video Contest (AYVC) with the theme “Renewable Energy: Powering ASEAN’s Bright Future”. The deadline for application is due by 19 February 2019.
Similar to the previous years, the 5th ASEAN Youth Video Contest is endorsed by the ASEAN Senior Officials Meeting…
ASEAN Confectionery Market Expecting Worldwide Growth by 2020
ASEAN Confectionery Market Overview
Items in confectionery market consists of candies, chocolates, toffees, lollies, bakery items;basically food items that are rich in sugar and sweet content. Mostly confectionery market items consists of food products like butter, cocoa, honey, milk, flour, fruits, honey, nuts, sugar syrup and more. They are consumed globally, mostly by all regions and countries and are expected to grow in developing countries. Confectionery market is growing in mostly…
Consilium Advances Cisco Contact Center Capability in ASEAN
Consilium to support local partners and clients to accelerate Customer Collaboration Solutions towards Cisco Connected Digital Experience Goal
Singapore, Indonesia, Malaysia and the Philippines, October 5th, 2017: Consilium Software Inc, a Cisco Preferred Solution Partner, today announced that it has strengthened its market position in South East Asia (ASEAN) by achieving the designation of Cisco Systems’ Authorized Technology Provider, Unified Contact Center Enterprise (ATP – UCCE) for enterprise-grade contact center solutions…
The 5th ASEAN Energy Outlook: ASEAN is on Track to Reach Their Energy Intensity …
Manila, 28 September 2017 – During the press conference for the 35th ASEAN Ministers on Energy Meeting (AMEM) and Associated Meetings today, ASEAN Centre for Energy (ACE) announced the launch of the 5th ASEAN Energy Outlook (AEO5). The Philippine Secretary of Energy, Alfonso G. Cusi, stated, “The Outlook provides us with pathway to address our long-term goals of achieving energy security, accessibility and affordability within the framework of sustainable development,…