The ASEAN Construction Machinery Market report provides overall structure and business outlook of the global and regional industries. The study also involves the important Achievements of the market, Research & Development, new product launch, product responses and regional growth of the leading competitors operating in the market on a global and local scale. This study provides information about the growth and revenue during the historic and forecasted period of 2015 to 2025. The structured analysis contains graphical as well as a diagrammatic representation of global ASEAN Construction Machinery Market with its specific geographical regions.
The ASEAN construction machinery market is expected to register a CAGR of more than 7%, during the forecast period, (2020 – 2025).
The demand for construction machinery in the ASEAN region is driven by an increase in infrastructure spending. Additionally, with growth in the manufacturing industry in the region, manufacturers from all across the world are planning to shift their operations to the Southeast Asian nations, due to lower costs, increasing domestic consumption, and improving and expanding infrastructure, which, in turn, have resulted in higher demand for construction machinery.
The infrastructure investments in the region accounted for 12% of the total FDI received with the majority of investments into transportation and real estate sectors. It is expected that, over the next five years, the ASEAN region has an infrastructure project pipeline worth USD 250 billion. The rise in construction activities is expected to boost the demand for construction machinery over the forecast period.
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– In October 2019, Sumitomo Construction Machinery Co., Ltd., announced plans to invest USD 33 million to increase the capacity of the companys plant in Indonesia by constructing a new plant for manufacturing. According to the company, the new plant will be operational by January 2021.
– Tadano, one of the leading crane manufacturers has entered into a joint venture with Italthai Industrial Co Ltd, to strengthen the sales across Thailand. Italthai is the largest distributor of heavy construction machinery in Thailand.
– Tadano and Italthai together have sold about 300 cranes in 2017 and are planning to increase the sales to 500 units a year, by 2023.
Top leading Manufactures Profiled in ASEAN Construction Machinery Market Report are: Kobelco Construction Machinery Co., Ltd., Hitachi Construction Machinery Co., Sumitomo Construction Machinery, CNH Industrial, Caterpillar Inc., Liebherr Group, Mitsubishi Corporation, JCB
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Regional Analysis for ASEAN Construction Machinery Market:
For a comprehensive understanding of market dynamics, the global ASEAN Construction Machinery market is analyzed across key geographies namely the United States, Europe, China, Japan, Southeast Asia, India, Central & South America. Each of these regions is analyzed based on market findings across major countries in these regions for a macro-level understanding of the market.
ASEAN Construction Machinery Market Scenario:
This research report represents a 360-degree overview of the competitive landscape of the ASEAN Construction Machinery Market. Furthermore, it offers massive data relating to recent trends, developments, tools, and methodologies. The research report analyzes the ASEAN Construction Machinery Market in a detailed manner for better insights into the businesses.
Report evaluates the growth rate and the Market value based on Market dynamics, growth inducing factors. The complete knowledge is based on latest industry news, threats, opportunities and trends. The report contains a comprehensive Market analysis and vendor landscape in addition to a SWOT analysis of the key vendors.
Browse the Full report description and TOC at:
Table of Contents:
-ASEAN Construction Machinery Market Overview
-Economic Impact on Industry
-Market Competition by Manufacturers
-Production, Revenue (Value) by Region
-Supply (Production), Consumption, Export, Import by Regions
-Production, Revenue (Value), Price Trend by Type
-Market Analysis by Application
-Manufacturing Cost Analysis
-Industrial Chain, Sourcing Strategy and Downstream Buyers
-Marketing Strategy Analysis, Distributors/Traders
-Market Effect Factors Analysis
-ASEAN Construction Machinery Market Forecast
Years considered for this report:
Historical Years: 2015-2019
Base Year: 2019
Estimated Year: 2020
Forecast Period: 2020-2025Top of Form
In conclusion, ASEAN Construction Machinery market report presents the descriptive analysis of the parent market supported elite players, present, past and artistic movement information which is able to function a profitable guide for all the ASEAN Construction Machinery Industry business competitors. Our expert research analyst’s team has been trained to provide in-depth market research report from every individual sector which will be helpful to understand the industry data in the most precise way.
What is the Impact of Covid-19 Outbreak on the ASEAN Construction Machinery?
– Optimistic Scenario: COVID-19 is contained by May or June, With Normalcy returning to global operations through the End of Q2.
– Conservative Scenario: COVID-19 Remains Prevalent, with Continued Impacts Lasting into Q4.
– Estimated Impact of the Coronavirus (COVID-19) Epidemic on the Global ASEAN Construction Machinery.
– ASEAN Construction Machinery Market Size in 2021
– Corporate Strategy the Manufacturers Should Be Thinking About Right Now.
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