Vietnam Construction Equipment Market Introduction and Overview
According to SPER Market Research, the Vietnam Construction Equipment Market is estimated to reach USD XX billion by 2033 with a CAGR of 6.1%.
The report includes an in-depth analysis of the Vietnam Construction Equipment Market, including market size and trends, product mix, Functions, and supplier analysis. Construction equipment is specialised machinery that is utilised in or near construction projects. These tools are employed for a variety of tasks including drilling, hauling, excavation, paving, grading, lifting, and other similar ones. Construction and infrastructure, manufacturing, and oil and gas are just a few of the industries that are covered by the global market for construction equipment.
- The market leaders and well-established players in the Vietnam market include Komatsu, Hyundai Doosan Infracore, Caterpillar, and XCMG. Due of Equipment's inexpensive pricing compared to other manufacturers, Chinese manufacturers like SANY & XCMG are currently gaining prominence.
- In Vietnam, 46% of the market is accounted for by Caterpillar, XCMG, Hyundai Doosan Infracore, and Komatsu.
Market Opportunities and Challenges
- Opportunities: Vietnam's robust economic growth and urbanisation are driving the demand for construction activities across a variety of industries, including infrastructure, real estate, and industrial projects. The government is leading the development and modernization of the roads and bridges that make up the transportation infrastructure, which has a significant impact on the demand for construction equipment. Foreign direct investment in the nation's manufacturing and industrial sectors has also raised the demand for construction equipment to support facility growth and expansion.
- Challenges: The industry does, however, have a number of challenges. One significant difficulty is the need for stringent adherence to safety and environmental regulations. It is essential to make sure that construction equipment is operated correctly and that environmental impact is minimised for the benefit of both regulatory compliance and general public welfare. Changes in the price of raw materials and currency exchange rates can also have an impact on the cost of production and, consequently, the cost of equipment.
Market Competitive Landscape
The market leaders and well-established players in the Vietnam market include Komatsu, Hyundai Doosan Infracore, Caterpillar, and XCMG. Due of Equipment's inexpensive pricing compared to other manufacturers, Chinese manufacturers like SANY & XCMG are currently gaining prominence. In Vietnam, 46% of the market is accounted for by Caterpillar, XCMG, Hyundai Doosan Infracore, and Komatsu. Other notable suppliers include Zoomlion, Hitachi Construction Equipment, Terex Corporation, and Kobelco. Prominent suppliers include Liebherr, Volvo Construction Equipment, and Hyundai Construction Equipment.
Scope of the Report:
| Report Metric | Details |
| Market size available for years | 2019-2033 |
| Base year considered | 2022 |
| Forecast period | 2023-2033 |
| Segments covered | By Type, By End-Users
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| Regions covered | East Vietnam, North Vietnam, South Vietnam, West Vietnam
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| Companies Covered | Caterpillar, Hitachi Construction machinery, Hyundai Doosan Infracore, Kobelco, Komatsu, Liebherr, Sany, Terex corporation, Volvo, XCMG, Zoomlion Heavy Industry, Others
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COVID-19 Impact on Vietnam Construction Equipment Market
On the market for construction equipment in Vietnam, the COVID-19 pandemic had a considerable effect. Construction projects were postponed or stopped as a result of lockdowns and supply chain delays during the epidemic, which temporarily decreased demand. The availability and output of equipment were both impacted, as were manufacturing activity. However, as things got better and the limitations were removed, the market started to slowly recover. The sector was revived in part by stimulus plans and infrastructure development programmes implemented by the government. The post-COVID-19 era strategy for the sector was influenced by the pandemic's emphasis on the need to adapt to changing conditions and emphasise safety measures in construction activities.
Key Target Audience
- Construction Companies
- Construction Equipment Dealers and Distributors
- Construction Equipment Manufacturers
- Construction Equipment Operators
- Contractors
- Engineering and Architectural Firms
- Heavy Machinery Rental Companies
- Maintenance and Repair Service Providers
- Real Estate Developers
- Others
Our in-depth analysis of the Vietnam Construction Equipment Market includes the following segments:
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By Type:
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Earthmoving Equipment
Material Handling Equipment
Road Construction Equipment
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By End-Users:
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Construction
Manufacturing
Mining
Others
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Key Topics Covered in the Report
- Vietnam Construction Equipment Market Size (FY’2023-FY’2033)
- Overview of Vietnam Construction Equipment Market
- Segmentation of Vietnam Construction Equipment Market By Type (Earthmoving Equipment, Material Handling Equipment, Road Construction Equipment)
- Segmentation of Vietnam Construction Equipment Market By End-Users (Construction, Manufacturing, Mining, Others)
- Statistical Snap of Vietnam Construction Equipment Market
- Expansion Analysis of Vietnam Construction Equipment Market
- Problems and Obstacles in Vietnam Construction Equipment Market
- Competitive Landscape in the Vietnam Construction Equipment Market
- Impact of COVID-19 and Demonetization on Vietnam Construction Equipment Market
- Details on Current Investment in Vietnam Construction Equipment Market
- Competitive Analysis of Vietnam Construction Equipment Market
- Prominent Players in the Vietnam Construction Equipment Market
- SWOT Analysis of Vietnam Construction Equipment Market
- Vietnam Construction Equipment Market Future Outlook and Projections (FY’2023-FY’2033)
- Recommendations from Analyst
1. Introduction
1.1. Scope of the report
1.2. Market segment analysis
2. Research Methodology
2.1. Research data source
2.1.1. Secondary Data
2.1.2. Primary Data
2.1.3. SPER’s internal database
2.1.4. Premium insight from KOL’s
2.2. Market size estimation
2.2.1. Top-down and Bottom-up approach
2.3. Data triangulation
3. Executive Summary
4. Market Dynamics
4.1. Driver, Restraint, Opportunity and Challenges analysis
4.1.1. Drivers
4.1.2. Restraints
4.1.3. Opportunities
4.1.4. Challenges
4.2. COVID-19 Impacts of the Vietnam Construction Equipment Market
5. Market variable and outlook
5.1. SWOT Analysis
5.1.1. Strengths
5.1.2. Weaknesses
5.1.3. Opportunities
5.1.4. Threats
5.2. PESTEL Analysis
5.2.1. Political Landscape
5.2.2. Economic Landscape
5.2.3. Social Landscape
5.2.4. Technological Landscape
5.2.5. Environmental Landscape
5.2.6. Legal Landscape
5.3. PORTER’s Five Forces
5.3.1. Bargaining power of suppliers
5.3.2. Bargaining power of buyers
5.3.3. Threat of Substitute
5.3.4. Threat of new entrant
5.3.5. Competitive rivalry
5.4. Heat Map Analysis
6. Competitive Landscape
6.1. Vietnam Construction Equipment Market Manufacturing Base Distribution, Sales Area, Product Type
6.2. Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in Vietnam Construction Equipment Market
7. Vietnam Construction Equipment Market, By Type (USD Million)
7.1. Vietnam Construction Equipment Market Value Share and Forecast, By Type, 2023-2033
7.2. Earthmoving Equipment
7.2.1. Backhoe Loaders
7.2.2. Excavator
7.2.3. Motor Graders
7.2.4. Other Earthmoving Equipment
7.3. Material Handling Equipment
7.3.1. Aerial Platforms
7.3.2. Crane
7.3.3. Forklift & Telescopic Handlers
7.4. Road Construction Equipment
7.4.1. Asphalt Pavers
7.4.2. Road Rollers
8. Vietnam Construction Equipment Market, By End-Users (USD Million)
8.1. Vietnam Construction Equipment Market Value Share and Forecast, By End-Users, 2023-2033
8.2. Construction
8.3. Manufacturing
8.4. Mining
8.5. Others
9. Vietnam Construction Equipment Market Forecast, 2019-2033 (USD Million)
9.1. Vietnam Construction Equipment Market Size and Market Share
10. Vietnam Construction Equipment Market, By Type, 2019-2033 (USD Million)
10.1. Vietnam Construction Equipment Market Size and Market Share By Type (2019-2026)
10.2. Vietnam Construction Equipment Market Size and Market Share By Type (2027-2033)
11. Vietnam Construction Equipment Market, By End-Users, 2019-2033 (USD Million)
11.1. Vietnam Construction Equipment Market Size and Market Share By End-Users (2019-2026)
11.2. Vietnam Construction Equipment Market Size and Market Share By End-Users (2027-2033)
12. Vietnam Construction Equipment Market, By Region, 2019-2033 (USD Million)
12.1. Vietnam Construction Equipment Market Size and Market Share By Region (2019-2026)
12.2. Vietnam Construction Equipment Market Size and Market Share By Region (2027-2033)
12.3. East Vietnam
12.4. North Vietnam
12.5. South Vietnam
12.6. West Vietnam
13. Company Profile
13.1. Caterpillar
13.1.1. Company details
13.1.2. Financial outlook
13.1.3. Product summary
13.1.4. Recent developments
13.2. Hitachi Construction machinery
13.2.1. Company details
13.2.2. Financial outlook
13.2.3. Product summary
13.2.4. Recent developments
13.3. Hyundai Doosan Infracore
13.3.1. Company details
13.3.2. Financial outlook
13.3.3. Product summary
13.3.4. Recent developments
13.4. Kobelco
13.4.1. Company details
13.4.2. Financial outlook
13.4.3. Product summary
13.4.4. Recent developments
13.5. Komatsu
13.5.1. Company details
13.5.2. Financial outlook
13.5.3. Product summary
13.5.4. Recent developments
13.6. Liebherr
13.6.1. Company details
13.6.2. Financial outlook
13.6.3. Product summary
13.6.4. Recent developments
13.7. Sany
13.7.1. Company details
13.7.2. Financial outlook
13.7.3. Product summary
13.7.4. Recent developments
13.8. Terex corporation
13.8.1. Company details
13.8.2. Financial outlook
13.8.3. Product summary
13.8.4. Recent developments
13.9. Volvo
13.9.1. Company details
13.9.2. Financial outlook
13.9.3. Product summary
13.9.4. Recent developments
13.10. XCMG
13.10.1. Company details
13.10.2. Financial outlook
13.10.3. Product summary
13.10.4. Recent developments
13.11. Zoomlion Heavy Industry
13.11.1. Company details
13.11.2. Financial outlook
13.11.3. Product summary
13.11.4. Recent developments
13.12. Others
14. List of Abbreviations
15. Reference Links
16. Conclusion
17. Research Scope
SPER Market Research’s methodology uses great emphasis on primary research to ensure that the market intelligence insights are up to date, reliable and accurate. Primary interviews are done with players involved in each phase of a supply chain to analyze the market forecasting. The secondary research method is used to help you fully understand how the future markets and the spending patterns look likes.
The report is based on in-depth qualitative and quantitative analysis of the Product Market. The quantitative analysis involves the application of various projection and sampling techniques. The qualitative analysis involves primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes are validated through experts opinion. Our research methodology entails an ideal mixture of primary and secondary initiatives.
