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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?
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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.
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