Press release
The Sale of Compact Construction Equipment in Singapore Market to Reach 3,322 Units by 2028 - Arizton
The Sale of Compact Construction Equipment in Singapore Market Research Report by Arizton
To Know More, Download the Free Sample Report: https://www.arizton.com/request-sample/4012
Rise in Port Expansion Projects Drive Compact Equipment Market
The ports of Singapore provide free trade service, which attracts imports from other nationals. Singapore's port is strategically located at the crossroads of East-West trade channels and is connected to 600 ports in over 120 countries.
Singapore Port is one of the world's busiest ports, handling over 625 million tons of cargo annually. In addition, the government is looking to expand this further when the Tuas Mega Port is completed in 2040.
In 2022, the Singapore government planned to invest $14 billion to build the world's largest automated port by 2040, having double the existing space and features of drones and driverless vehicles.
In 2023, Singapore and Australia signed a Green Economy Agreement focusing on promoting trade and developing frameworks to support green sectors. The countries agreed to establish a Green Shipping Corridor 2025.
The port development project & shipping industry agreements are expected to attract more cargo and vessel handling activities in Singapore's port.
Therefore, the demand for cargo handling equipment such as forklifts, loaders, & telehandlers is expected to grow during the forecast period in the Singapore market.
Increasing Investment in Infrastructure and Warehouse Expansion Project
In 2023, the construction industry of Singapore is expected to perform better than the previous year. The construction contracts awarded in 2023 have increased by nearly 8%. The high demand is generated from public sectors & residential sectors.
In addition, several healthcare projects are in the pipeline, such as polyclinic in Khatib, Tampines North, Serangoon, Kaki Bukit, Tengah, and Yew Tee, to advance healthcare facilities in the country.
Singapore's total manufacturing output decreased 13.0% y-o-y in May 2023, despite output growth in the transport engineering sector at 28.4% and a rebound from the biomedical manufacturing sector at 4.4%.
With the rise in E-commerce activities post-pandemic. There is a surge in demand for warehouse expansion projects in the region in 2023. For instance, Maersk began the construction of a new distribution center of more than 100,000 square meters in the Jurong West region in 2023.
NEP Group's worldwide network is opening a new broadcast production facility in northeast Singapore to meet the growing demand for connected broadcast production solutions in Southeast Asian countries.
Singapore Compact Construction Equipment Market Dynamics
Drivers
Surge in Infrastructure Projects in Public & Private Sectors in 2023
Augmentation of Manufacturing Sector Due Surge in Demand for Semiconductors
Rise in Port Expansion Projects Drive Compact Equipment Market
Trends
Surge in Demand for Automation in Construction Equipment
Rising Uses of Electric Compact Equipment
Growing Use of Compact Equipment in Waste Management Projects
Challenges
Surge in Building Material and labor costs hampers Private Housing Sales
High Dependency on Foreign Labor Can Hamper Industrial Growth
Construction Contractors are Holding Back Projects Due To Low-Profit Margin
Opportunities
Increase in Housing Projects
Adoption of Digital Technologies
Surge in Semiconductor manufacturing
Looking for Customization? Click: https://www.arizton.com/customize-report/4012
Vendors
Prominent Vendors
Caterpillar
Komatsu
Volvo Construction Equipment
Hitachi Construction Machinery
Kubota
SANY
JCB
Xuzhou Construction Machinery Group Co. Ltd. (XCMG)
Kobelco
Hyundai Construction Equipment
Other Prominent Vendors
Sumitomo Construction Machinery
LiuGong
Yanmar
Takeuchi
Toyota Material Handling
Manitou
CNH Industrial
Distributor Profiles
Sia & Yeo
Tiong Lee Huat Machinery & Construction
PLS Machinery PTE Ltd
Ricon
LAND EQUIPMENT PTE LTD
JSB Equipment
Aly Energy
KML Enterprise Pte Ltd
Market Segmentation
Type
Excavators
Backhoe Loaders
Wheeled Loaders
Track Loaders
Skid Steer Loaders
Telehandlers
Forklifts
Aerial Platforms
Others (Articulated Loaders, Truck Carriers)
Application
Material Handling
Maintenance & Utility Works
Waste Management
Other Applications
End Users
Construction
Mining
Warehouse & Logistics
Other (Maintenance & Utility Works, Landscaping, Power Generation)
Key Questions Answered in the Report:
How big is the Singapore compact construction equipment market?
What is the growth rate of the Singapore compact construction equipment market?
Who are the key players in the Singapore compact construction equipment market?
What are the trends in the Singapore compact construction equipment industry?
Which are the major distributor companies in the Singapore compact construction equipment market?
Get the Detailed TOC @ https://www.arizton.com/market-reports/singapore-compact-construction-equipment-market?details=tableOfContents
Why Arizton?
100% Customer Satisfaction
24x7 availability - we are always there when you need us
200+ Fortune 500 Companies trust Arizton's report
80% of our reports are exclusive and first in the industry
100% more data and analysis
1500+ reports published till date
About Us:
Arizton Advisory and Intelligence is an innovative and quality-driven firm that offers cutting-edge research solutions to clients worldwide. We excel in providing comprehensive market intelligence reports and advisory and consulting services.
We offer comprehensive market research reports on consumer goods & retail technology, automotive and mobility, smart tech, healthcare, life sciences, industrial machinery, chemicals, materials, I.T. and media, logistics, and packaging. These reports contain detailed industry analysis, market size, share, growth drivers, and trend forecasts.
Arizton comprises a team of exuberant and well-experienced analysts who have mastered generating incisive reports. Our specialist analysts possess exemplary skills in market research. We train our team in advanced research practices, techniques, and ethics to outperform in fabricating impregnable research reports.
Contact Us
Call: +1-312-235-2040
+1 302 469 0707
Mail: enquiry@arizton.com
Contact Us: https://www.arizton.com/contact-us
Blog: https://www.arizton.com/blog
Website: https://www.arizton.com/
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 The Sale of Compact Construction Equipment in Singapore Market to Reach 3,322 Units by 2028 - Arizton here
News-ID: 3306922 • Views: …
More Releases for Singapore
Singapore Probiotic Food Supplement Market Statistical Forecast, Growth Insights …
Singapore Probiotic Food Supplement Market Research Report By DataM Intelligence: A comprehensive analysis of current and emerging trends provides clarity on the dynamics of the Singapore Probiotic Food Supplement market. The report employs Porter's Five Forces model to assess key factors such as the influence of suppliers and customers, risks posed by different entities, competitive intensity, and the potential of emerging entrepreneurs, offering valuable insights. Additionally, the report presents research…
Singapore Memories: The Pinnacle of Perfumery in Singapore
In the heart of Singapore lies an olfactory haven that has garnered acclaim and admiration from both locals and tourists alike. Singapore Memories, widely celebrated as the best perfume shop in Singapore, continues to captivate scent enthusiasts with its exquisite collection of fragrances that pay homage to the rich cultural heritage and diverse flora of the region.
Unparalleled Perfumery Craftsmanship
Singapore Memories stands out in the competitive landscape of the perfume industry…
Singapore Bunker Fuel Market: Fueling Maritime Commerce | Singapore 3.5% Growing
According to a new report published by Allied Market Research, The Singapore bunker fuel market size was valued at $17.6 billion in 2020, and is projected to reach $24.5 billion by 2030, growing at a CAGR of 3.5% from 2021 to 2030.
Singapore is one of the world's largest bunkering ports and is a significant hub for the supply and trading of bunker fuel. Bunker fuel is a type of fuel…
Payroll services Singapore: Automating Businesses In Singapore Becoming More Pop …
What is payroll
Payroll is the method used to pay employees' salaries. Making a list of the personnel who need to be paid comes first, and recording the expenses comes last. It's a complicated procedure that requires cooperation from numerous teams, including payroll, HR, and finance.
1. Save money on the best payroll processing available.
In order to give you the finest service possible, a payroll services firm is always updating…
Peoplewave selected for Startup Station Singapore by Facebook and IMDA Singapore
20 February 2019, Singapore – Peoplewave, Asia’s leading data-driven HR technology company, has been selected to participate in Startup Station Singapore 2019.
Startup Station Singapore is a partnership between Facebook and the Infocomm Media Development Authority (IMDA) Singapore. Kicking off in February 2019, this programme will empower data-driven startups to accelerate their businesses in new and cutting-edge ways, while continuing to keep peoples’ trust, transparency and control over their data at…
Baby Food Sector in Singapore Global Report 2018: Top Key Players - Abbott Labor …
The Baby Food Sector in Singapore, 2018", is an analytical report by GlobalData which provides extensive and highly detailed current and future market trends in the Singapore market.
The development of the baby food sector in Singapore goes beyond the realms of disposable income and is more often dependent on attitudes to industrially prepared foods in general, the desire for convenient alternatives, and the employment status of women. Baby food manufacturers…
