Press release
Vietnam Crawler Excavator Market to Reach 1,974 Units in Sales by 2029, Generating $94.5 Million in Revenue Over the Next 6 Years - Arizton
Vietnam Crawler Excavator Market Research Report by Arizton
Curious to Know More About the Market? Click: [https://www.arizton.com/market-reports/vietnam-crawler-excavator-market-opportunities-assessment-forecast]
Report Scope
Market Size - Volume (2029): 1,974 Units
Market Size - Volume (2023): 1,524 Units
CAGR - Volume (2023-2029): 4.41%
Market Size - Revenue(2029): USD 94.5 Million
Historic Year:2020-2022
Base Year: 2023
Forecast Year: 2024-2029
Market Segmentation: Size, Gross Power, and End Users
Market Trends
Labor Shortage in Vietnam Drives Demand for Excavators with Automation & Smart Technology
In 2023, Vietnam faced a severe labor shortage in key industries like construction, manufacturing, and mining, primarily due to a decline in migrant workers from countries like Indonesia, Thailand, and Bangladesh. This shortage spurred the demand for advanced technologies in construction equipment to improve worker efficiency and reduce reliance on manual labor. In response, companies like Hitachi introduced excavators and wheel loaders with automation and smart operation technology, including the Consite Hitachi Comprehensive Machine Management system. Other major manufacturers, such as Komatsu, Liugong, and Volvo, also followed suit by incorporating innovative solutions to address labor challenges.
Vietnam's Infrastructure Investment Boosts Demand for Crawler Excavators
In 2024, the Vietnamese government announced plans to invest over $25 billion in public infrastructure projects, with nearly 65% allocated to the transport sector. This investment aims to improve transit efficiency and create new development opportunities across the country. The government is relying on domestic, foreign, and private investment channels, focusing on transport to reduce logistics costs and enhance economic competitiveness. Key projects include 34 major infrastructure developments and 11 expressway constructions, including projects in Hanoi and Ho Chi Minh City. The planned investments, totaling $480 billion by 2030, are expected to drive significant demand for crawler excavators to support these infrastructure projects.
Mini Excavator Market in Vietnam: A Growing Sector
The mini excavator market in Vietnam is projected to reach $11.0 million by 2029. Mini excavators are widely used for construction, demolition, earthmoving, and landscaping tasks due to their operational versatility and compatibility with various attachments. In 2024, Vietnam experienced a significant surge in foreign direct investment (FDI) in its construction sector, with FDI inflows expected to rise by 32%. Ongoing infrastructure development projects in major cities like Ho Chi Minh, Ha Noi, and Hai Phong are driving the demand for mini excavators. The market is set to grow due to increased construction, landscaping needs, and technological advancements.
Key Players in the Vietnam Crawler Excavator Market
Market Leaders: Caterpillar, Kobelco, SANY, Hitachi Construction Machinery, and Komatsu dominate the Vietnam crawler excavator market. These industry giants hold a strong market share and offer a broad range of equipment.
Niche Players: Kubota, Liu Gong, Yanmar, JCB, Airman, and Bobcat focus on the local Vietnamese market. These companies offer limited product diversification and cater to specific customer segments.
Emerging Competitors: Volvo Construction Equipment, SDLG, Zoomlion, Yuchai, John Deere, Hyundai Construction Equipment, and XCMG are gaining traction in the Vietnam crawler excavator market. These players are introducing innovative, advanced products to challenge established market leaders.
Stragglers: Sumitomo, Shantui, Wacker Neuson, and Develon are lagging behind in the Vietnam crawler excavator market. These companies are typically behind on product innovation and technological advancements compared to their competitors.
France Crawler Excavator Market Dynamics
Drivers
* Investment in Infrastructure Projects
* Rising Investment in Transport Industry
* Surge in Investment in Renewable Energy Sector
Trends
* Shortage of Labor Triggers Demand for Excavators Equipped with Automation & Smart Operation Technology
* Rising Focus on Compact and Electric Construction Equipment
* Introduction of Dual Excavator in the Vietnamese Market Due to Its Flexible Uses
Challenges
* Poor Performance of Real Estate Industry
* Vietnam Currency Depreciation Impacts Imports
* Continuous Increase in Building Material Prices Hampered Construction Projects
Buy this Research Now @ [https://www.arizton.com/market-reports/vietnam-crawler-excavator-market-opportunities-assessment-forecast]
Major Vendors
* Caterpillar
* Komatsu
* Volvo Construction Equipment
* Hitachi Construction Machinery
* Kubota
* SANY
* JCB
* Xuzhou Construction Machinery Group (XCMG)
* Kobelco
* Zoomlion Heavy Industry Science & Technology Co., Ltd.
* Hyundai Construction Equipment
* Liugong
* Yanmar
* SUMITOMO CONSTRUCTION MACHINERY CO., LTD.
* Takeuchi
* Bobcat
* AIRMAN
* Shandong Lingong Construction Machinery
* Develon
Distributor Profiles
* CONSTRUCTION MACHINERY HOANG GIA
* BinhLoi CO.,LTD
* T&C Machinery & Parts JSC
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)
Key Questions Answered in the Report:
How big is the Vietnam crawler excavator market?
What is the growth rate of the Vietnam crawler excavator market?
Who are the key players in the Vietnam crawler excavator market?
Which are the major distributor companies in the Vietnam crawler excavator market?
What are the trends in the Vietnam crawler excavator industry?
Check Out Some of the Top Selling Research Reports:
Japan Crawler Excavator Market - Strategic Assessment & Forecast 2024-2029
https://www.arizton.com/market-reports/japan-crawler-excavator-market-opportunities-assessment-forecast
Indonesia Crawler Excavator Market - Strategic Assessment & Forecast 2024-2029
https://www.arizton.com/market-reports/indonesia-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=vietnam-crawler-excavator-market-to-reach-1974-units-in-sales-by-2029-generating-945-million-in-revenue-over-the-next-6-years-arizton]
Phone: +1 3122332770
Country: United States
Website: https://www.arizton.com/market-reports/vietnam-crawler-excavator-market-opportunities-assessment-forecast
Legal Disclaimer: Information contained on this page is provided by an independent third-party content provider. ABNewswire makes no warranties or responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you are affiliated with this article or have any complaints or copyright issues related to this article and would like it to be removed, please contact retract@swscontact.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 Vietnam Crawler Excavator Market to Reach 1,974 Units in Sales by 2029, Generating $94.5 Million in Revenue Over the Next 6 Years - Arizton here
News-ID: 3908099 • Views: …
More Releases from ABNewswire
Houston Homeowners Combat Humidity and Grime: Quality Pressure Washing Sees Incr …
The demand for Power Washing Houston TX services is particularly high due to the city's specific environmental conditions. Humidity levels often exceed 90%, accelerating the growth of organic stains on siding, driveways, and fences. Professional power washing not only removes these unsightly buildups but also helps prevent deterioration of materials like wood, vinyl, and concrete.
As spring arrives in Houston, TX, homeowners are facing the annual challenge of combating the effects…
Millsboro Properties Restored: Hose Bros Inc Reports High Demand for Seasonal Pr …
The Hose Bros pressure washing service is specifically designed to address the harsh conditions faced by Millsboro properties. Their team utilizes advanced equipment and tailored cleaning solutions to effectively remove salt buildup, algae growth, and pollutants without damaging surfaces. From vinyl siding and brickwork to decks and driveways, the service rejuvenates exteriors, enhancing curb appeal and preventing long-term deterioration.
Millsboro, DE, with its picturesque coastal setting, offers residents beautiful views and…
Winchester Homeowners Upgrade for Efficiency: Powell's Plumbing & Air Reports Su …
Frequent repairs, uneven cooling, rising energy bills, and unusual noises are common indicators that a system is nearing the end of its lifespan. When these issues arise, homeowners often search for ac replacement near me to find local experts who can provide reliable solutions. Powell's Plumbing & Air emphasizes the importance of choosing a certified professional to ensure proper assessment, installation, and performance of new systems, maximizing both comfort and…
Tokyo Portfolio Launches Tokyo's #1 Real Estate Platform for Global Buyers
150K+ social subscribers, 12M+ views, and 200K+ monthly pageviews power Tokyo's leading English portal for highend homes
Tokyo, Japan - August 29, 2025 - Tokyo Portfolio announced today that it has become Japan's mostwatched Englishlanguage brand focused on real estate, combining a large global audience with a highperforming listings portal for luxury rentals and purchases in Tokyo. The brand's videos and guides help expats and international buyers navigate one of the…
More Releases for Vietnam
Vietnam beverages Market : Key Findings for Market Analysis and Business Plannin …
Vietnam beverages Market Analysis and Forecast, 2019-2028
The Vietnam beverages market was over US$ 2.5 billion in 2019 and is expected to grow at a CAGR of around 14.2% over the forecast period of 2022-2028.
Market Overview
The Vietnam beverages market study by RationalStat comprises comprehensive market analysis and insights across the key market segments and geography. The market report analyzes the Vietnam market for the historical period of 2019-2021 and the forecast…
Vietnam beverages Market | Outlook and Opportunities: A Forecast of Growth, Inve …
Vietnam beverages Market Analysis and Forecast, 2022-2028
The Vietnam beverages market was US$ 480 Bn in 2021 and is expected to grow at a CAGR of around 12.5% over the forecast period of 2022-2028.
Download PDF Sample of beverages Market report @ https://www.themarketinsights.com/request-sample/280160
Market Scope & Overview
The Vietnam beverages market study by RationalStat comprises comprehensive market analysis and insights across the key market segments and geography. The market report analyzes the Vietnam market…
Vietnam Two Wheeler Tire Market Size Boosting The Growth Worldwide | Kenda Rubbe …
Vietnam two wheeler tire market is expected to continue growing owing to the expanding private-public investment in two-wheeler production in the country and increasing vehicle ownership owing to the rising disposable income of the consumers
A recent study conducted by the strategic consulting and market research firm Report Ocean revealed that the Vietnam two wheeler tire market witnessed sales of 40.4 million units in the year 2021 and this sales figures…
Vietnam beverages market Key Information By Top Key Player | Sabeco, Heineken Vi …
The Vietnam beverages market was over US$ 2.5 billion in 2019 and is expected to grow at a CAGR of around 14.2% over the forecast period of 2022-2028.
Market Scope & Overview
The Vietnam beverages market study by RationalStat comprises comprehensive market analysis and insights across the key market segments and geography. The market report analyzes the Vietnam market for the historical period of 2019-2021 and the forecast period of 2022-2028 based…
Vietnam Agriculture Market, Vietnam Agriculture Industry, Vietnam Agriculture Li …
Agriculture has always been of pronounced importance for Vietnam, as feeding the realm’s largest population is not a relaxed task. The Vietnam government has been associate the agriculture industry with a number of policies, demanding to alleviate the output and seeking methods to ensure the sector is developing healthily and sustainably. The Vietnam federal government has been decidedly supportive of agriculture for decades, and there is extensive political consensus as…
The Baby Food Sector in Vietnam, 2018 Key Trends and Opportunities By Vietnam Da …
"The Baby Food Sector in Vietnam, 2018", is an analytical report by GlobalData which provides extensive and highly detailed current and future market trends in the Vietnamese market.
Vietnamese mothers have prepared fresh food for their babies but, as the economy has developed and more women have been drawn into the urban workplace, these mothers have increasingly found they have less time to spend preparing food and to spend with their…
