Press release
The Sale of Malaysia Crawler Excavator Market to Reach 3.44 Thousand Units by 2029, Generating Over $175.6 Million Revenue in the Next Six Years - Arizton
Malaysia Crawler Excavator Market Research Report by Arizton
According to Arizton's latest research report, the Malaysia crawler excavator market [https://www.arizton.com/market-reports/malaysia-crawler-excavator-market-strategic-assessment-forecast] is growing at a CAGR of 5% during 2023-2029.
Looking for More Information? Click: [https://www.arizton.com/market-reports/malaysia-crawler-excavator-market-strategic-assessment-forecast]
Report Scope:
Market Size - Volume (2029): 3.44 thousand Units
Market Size - Volume (2023): 2.56 thousand Units
CAGR (2023-2029): 5%
Market Size - Revenue (2029): USD 175.6 Million
Historic Year: 2020-2022
Base Year: 2023
Forecast Year: 2024-2029
Market Segmentation: Size, Gross Power, and End Users
The crawler excavator market in Malaysia is projected to reach $175.6 million by 2029. Chinese construction machinery brands are shifting their strategy from solely exporting products to establishing localized operations in Southeast Asia. Notable companies like Zoomlion and SANY have recently opened subsidiaries in Malaysia, Vietnam, and the Philippines, underscoring their commitment to local development. In a significant project, a fleet of 10 EC550EL excavators from Volvo Construction Equipment (Volvo CE) is currently being utilized to construct a large new dairy farm for Fraser & Neave Holdings (F&N) in Gemas, Negeri Sembilan, Malaysia.
In 2024, Ponterosso Technics Sdn Bhd expanded its operations by purchasing seven excavators, including Cat 352 and Cat 333 models.
Volvo has also upgraded the cab design of its new excavators, integrating a human-machine interface (HMI) that automates boom and bucket movements through the Volvo Active Control machine control system. This enhancement, paired with an electric control joystick, offers operators improved support at job sites. Additionally, in 2024, Komatsu acquired all shares of UMW Corporation Sdn. Bhd. (United Motor Works), making UMW Komatsu Heavy Equipment Sdn. Bhd. (UKHE) a wholly owned subsidiary. This acquisition aims to strengthen Komatsu's competitiveness in the construction and mining equipment market in Malaysia. Volvo Construction Equipment also received orders for seven excavators from three different customers in Malaysia in 2024. AAY Construction Sdn. Bhd. ordered four EC550EL excavators, while TCT Success Sdn. Bhd. ordered EC480DL models, and Sempurna Akuatik ordered EC220DL and EC350DL models. The EC550EL, EC200D, and EC350DL are particularly popular in the Malaysia market.
Addressing Malaysia's Waste Challenge: Initiatives and Opportunities for Mini Excavators
Malaysia generates over 39,000 tons of municipal solid waste each day, with food waste accounting for more than 30% of this total volume. This concerning level of waste is largely driven by changing lifestyles, population growth, and rapid urbanization.
Currently, there are 165 operational landfills across Malaysia for waste management. The government has set an ambitious target to achieve a 40% recycling rate by 2025. To support this goal, plans are underway to construct six waste-to-energy plants that will convert waste into energy, helping to reduce the volume of waste disposed of in landfills, which poses significant environmental challenges.
In 2024, the Ministry of Housing and Local Government identified 18 sites nationwide for the development of these waste-to-energy plants. Additionally, the government has allocated $2.7 million to various waste-to-energy projects across the country.
As waste management activities surge in response to these initiatives, the demand for mini excavators in the Malaysian market is expected to increase, highlighting the growing need for efficient machinery in waste handling and recycling operations.
Looking for More Information? Click: [https://www.arizton.com/market-reports/malaysia-crawler-excavator-market-strategic-assessment-forecast]
Malaysia Crawler Excavator Market Dynamics
DRIVERS
Surge In Infrastructure Investment
Growing Investment in Transport Sector
Investment in Renewable Energy Sector
TRENDS
Growing Use of Modern Excavators
Surge Demand for Mini Excavators in Waste Management
Use of Low Fuel Consumption Excavators
CHALLENGES
Increased Construction Costs
Shortage of Skilled Labor
Low Quality Construction Projects
Prominent Vendors
* Caterpillar
* Komatsu
* Xuzhou Construction Machinery Group (XCMG)
* SANY
* Zoomlion Heavy Industry Science&Technology Co., Ltd.
* Volvo Construction Equipment
* Hitachi Construction Machinery
* Kobelco
* Hyundai Construction Equipment
* JCB
* Kubota
* CASE Construction Equipment
* LiuGong
* DEVELON
* Bobcat
* Sunward Intelligent Equipment Group
* Mecalac
* SDLG
Distributor Profiles
* Sunway Marketing Sdn Bhd
* UMW Equipment Sdn. Bhd.
* TCIM
* UM Construction Equipment Sdn Bhd
* WDG RESOURCES Sdn Bhd
* KS Kim Sui Engineering Sdn Bhd
* Multico (M) Sdn Bhd
Market Segmentation Crawler Excavator
Size
* Mini Excavator
* Small Excavator
* Medium Excavator
* Large Excavator
Gross Power
* Less Than 60 HP
* 60 HP -100 HP
* 101 HP-200 HP
* Above 200 HP
End Users
* Construction
* Mining
* Agriculture
* Forestry
* Others (Power Generation, Utilities Municipal Corporations, Oil & Gas, Cargo Handling, Power Generation Plants, Waste Management)
In a nutshell, the Arizton Advisory & Intelligence market research report provides valuable market insights for industry stakeholders, investors, researchers, consultants, and business strategists aiming to gain a thorough understanding of the Malaysia crawler excavator market. Request for Free Sample to get a glance of the report now: https://www.arizton.com/market-reports/malaysia-crawler-excavator-market-strategic-assessment-forecast
What Key Findings Will Our Research Analysis Reveal?
How big is the Malaysia crawler excavator market?
What is the growth rate of the Malaysia crawler excavator market?
Who are the key players in the Malaysia crawler excavator market?
What are the trends in the Malaysia crawler excavator industry?
Which are the major distributor companies in the Malaysia crawler excavator market?
Looking for Customization According to Your Business Requirement? https://www.arizton.com/customize-report/4556
Other Related Reports that Might be of Your Business Requirement
Thailand Crawler Excavator Market - Strategic Assessment & Forecast 2024-2029
https://www.arizton.com/market-reports/thailand-crawler-excavator-market-strategic-assessment-forecast
Vietnam Crawler Excavator Market - Strategic Assessment & Forecast 2024-2029
https://www.arizton.com/market-reports/vietnam-crawler-excavator-market-opportunities-assessment-forecast
Why Arizton?
100%Customer Satisfaction
24x7availability - 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
Post-Purchase Benefit
* 1hr of free analyst discussion
* 10% off on customization
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.
Media Contact
Company Name: Arizton Advisory & Intelligence
Contact Person: Jessica
Email:Send Email [https://www.abnewswire.com/email_contact_us.php?pr=the-sale-of-malaysia-crawler-excavator-market-to-reach-344-thousand-units-by-2029-generating-over-1756-million-revenue-in-the-next-six-years-arizton]
Phone: +1 3122332770
Country: United States
Website: https://www.arizton.com/market-reports/malaysia-crawler-excavator-market-strategic-assessment-forecast
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 Malaysia Crawler Excavator Market to Reach 3.44 Thousand Units by 2029, Generating Over $175.6 Million Revenue in the Next Six Years - Arizton here
News-ID: 3720331 • Views: …
More Releases from ABNewswire
VIP Auto PA: Auto Brokers Near Me Redefine Transparent Car Leasing in Feastervil …
VIP Auto PA continues serving Pennsylvania with transparent, factory-direct car leasing services from its Feasterville-Trevose location, offering zero-down options and no-haggle pricing across all vehicle makes and models.
Feasterville-Trevose, PA - The traditional car-buying experience has long frustrated consumers with high-pressure sales tactics and inflated pricing structures. VIP Auto PA [http://www.vipautopa.com/] continues addressing these industry pain points through a customer-centric brokerage model that has served Pennsylvania drivers since 2007. Operating from…
Austin Nail Salon Dream Spa Expands Service Menu with Apres Gel-X and Holistic W …
Dream Spa in Austin expands with Apres Gel-X nails, infrared sauna, and head spa treatments, offering comprehensive beauty and wellness services at its Airport Boulevard location near downtown Austin.
Dream Spa [https://www.dreamspaatx.com/], located at 5301 Airport Blvd, Suite 200 in Austin, Texas, has announced the expansion of its service offerings to include authentic Apres Gel-X nail extensions, infrared sauna therapy, and signature head spa treatments. The locally established business continues to…
Terrance Private Investigator Expands Houston Private Investigator Services with …
Terrance Private Investigator launches a Houston community program offering consultation, family case support, and professional investigation services to residents facing sensitive personal matters.
A Houston-based investigative firm is taking action to support families facing difficult personal situations. Terrance Private Investigator & Associates [https://piterrance.com/] has announced a new community initiative designed to provide accessible resources and confidential case consultations for residents throughout the Houston area.
The program addresses growing concerns among families facing…
El Monte Agency Strengthens Home Insurance Options and Community Protection Serv …
Marvin Martinez: Allstate Insurance strengthens El Monte's insurance options with bilingual services, comprehensive coverage, and community-focused customer education, earning Elite Agent recognition through consistent service excellence.
El Monte, California - The local insurance landscape continues to evolve as Marvin Martinez, of Allstate Insurance [https://agents.allstate.com/marvin-martinez-el-monte-ca.html?utm_source=GMB&utm_medium=Website], reinforces the company's commitment to protecting families and businesses throughout the San Gabriel Valley. The agency's focus on personalized coverage solutions has positioned it as a trusted…
More Releases for Malaysia
Nitrile Gloves Market Analysis, Research Study With Hartalega Holdings Berhad …
Nitrile Gloves Market growth is expected to be driven by rising healthcare expenditures, heightened importance of workplace safety, and growing awareness of healthcare-associated infections. The COVID-19 pandemic has led to an exponential increase in demand for a wide variety of PPE, including gloves. Disposable nitrile gloves are also often used by healthcare professionals to prevent contamination.
The Nitrile Gloves Market research report provides a thorough and comprehensive analysis of the global Industry.…
Non Dairy Creamer Market Future Trends, Revenue Growth, Profitability & Leading …
The "Non Dairy Creamer Market" business report 2021 contains worldwide analysis and estimation of various market-related factors that are incredibly crucial for better decision-making. Competitive analysis has been carried out in this industry analysis report for the major players in the market which supports businesses take better moves for enhancing their product and sales. The report contains market predictions related to market size, revenue, production, CAGR, Consumption, gross margin, price,…
Ophthalmology Market in Malaysia, Ophthalmology Industry in Malaysia, Covid-19 I …
Lower Ophthalmology Costs in Malaysia: Ophthalmology cost in Malaysia is estimated to be comparatively less i.e. 40% less or even more than the spending made by a patient on an average for the same treatment in the US and European countries such as the UK, France, Germany and others. Low cost of Ophthalmology in Malaysia allows patients from the other countries to save a significant amount of money while benefiting…
Malaysia Ophthalmology Market, Malaysia Ophthalmology Industry, Malaysia Ophthal …
The report titled “Malaysia Ophthalmology Market Outlook to 2025- Increase in Ophthalmic Surgeries & Consultations driven by Increasing Ageing Population Proportion and Ophthalmology Technological Advancements" provides a comprehensive analysis of Ophthalmology Services in Malaysia. The report covers various aspects including market size (Total Revenue, Consultations Revenue, Number of Consultations, Surgery Revenue and Number of Surgeries), Market Segmentations by Clinic Specialty (Multi & Single Specialty), by Private and Public Clinics/Hospitals, By…
Malaysia Agriculture Market, Malaysia Agriculture Industry, Malaysia Agriculture …
Agriculture sector is an important sector of Malaysia's economy. There are mainly 3 crops are produced including palm oil, rubber and cocoa. Additionally, country’s farmers produce a number of fruits & vegetables for the domestic market such as bananas, pineapples, coconuts, durian, cabbage, cucumber, long beans, tomato, chilli, okra, spinach, rice, rambutan and others. Country’s tropical climate is extremely favorable for the production of a variety of exotic fruits &…
White Coffee Market Future Growth by 2027 | Oldtown(Malaysia), KOPIKO(Indonesia) …
The "Global White Coffee Market: 2020" Industry Report is a professional and in-depth study on the current state of the White Coffee Market by 4ARC Research . The White Coffee market is supposed to demonstrate a considerable growth during the forecast period of 2020 - 2027. The company profiles of all the key players and brands that are dominating the market have been given in this report. Their moves like…
