Thailand Construction Equipment Market Research Report 2025-2030, Profiles of Prominent Vendors - Caterpillar, Komatsu, Volvo CE, Hitachi, and SANY - ResearchAndMarkets.com

DUBLIN--(BUSINESS WIRE)--The "Thailand Construction Equipment Market Research Report 2025-2030" report has been added to ResearchAndMarkets.com's offering.

The Thailand Construction Equipment Market was sized at 14,786 units in 2024, and is projected to reach 19,420 units by 2030, rising at a CAGR of 4.65%.

Earthmoving equipment accounted for the largest market share in the Thailand construction equipment market in 2024. Excavators in the earthmoving segment accounted for the largest share in 2024. The country's investment in developing its public infrastructure drives the growth of the Thailand earthmoving market.

On the other hand, demand for material handling equipment is also growing due to the booming manufacturing sector, driving the development of warehouses and logistics parks across the country.

In January 2025, AKM Meadville announced the development of its new factory located in the Logana Industrial Park in Ayutthaya Province. The country has significantly invested in the modernization of ports with oil and gas projects, which is expected to drive the demand for cranes in 2025. In 2024, the earthmoving segment accounted for a significant share of the Thailand construction equipment market. The segment is estimated to reach 13.3 thousand units by 2030.

The road construction equipment segment is estimated to reach USD 39.7 million by value by 2030. Road roller sales are high in Thailand in response to the rising renovation and expansion of transport networks. In June 2025, the Thai Department of Highways planned to upgrade two major national highways to 4 lanes in preparation for the opening of the 5th Thai Lao Friendship Bridge (linking Bueng Kan, Thailand, to Bolikhamxay, Laos).

Construction equipment utilization in the construction industry by end-user (volume) has the largest market share in 2024. In Q4 2024, the construction sector expanded by 18.3%, continuing from a 15.2% increase in the previous quarter, Q3 2024. This growth was primarily driven by public sector construction, which grew significantly by 40.8%. The expansion was mainly due to a 67.9% increase in government construction, while state-owned enterprise construction grew by 3.4%. Such factors are projected to support the Thailand construction equipment market growth.

Thailand's real estate market is experiencing a shift in investment priorities, as developers and investors adapt to rising mortgage rejection rates, evolving consumer behaviors, and growing demand for alternative assets. With homeownership becoming less accessible, flexible rental properties and co-living spaces are emerging as major opportunities for developers.

VENDOR LANDSCAPE

• Caterpillar, Komatsu, Volvo CE, Hitachi Construction Machinery, and SANY are the front-runners in the Thailand construction equipment market. These companies have strong market share and offer diverse sets of equipment in the Thailand market.
• Tadano, XCMG, Kubota, Zoomlion, HD Hyundai Construction Equipment, Kobelco, Bomag, Kato Works, and Toyota Material Handling are niche players in the Thailand construction equipment market. These companies offer low product diversification and have a strong presence in the country's market.
• Yanmar, Manitou, Liebherr, JCB, CNH Industrial N.V., Sumitomo, DEVELON, and LiuGong are emerging in the Thailand construction equipment market. These companies are introducing new technologically advanced products to challenge the market share of market leaders in the country's market.
• XGMA, Airman, Sakai, Hidromek, and Ammann are stragglers that have low product diversification in the Thailand construction equipment market; these companies are lagging in adopting new technologies used in construction equipment.
• In 2024, Zoomlion celebrated the grand opening of its eighth service center in Phitsanulok, Thailand, marking a significant step in the company's strategy to strengthen its market presence and provide high-quality, efficient services to local customers.
• In January 2025, Volvo CE introduced the New Generation EC210 excavator into the Thailand construction equipment market, through its new dealer CHAIRATCHAKARN (Bangkok) Co., Ltd (CHAB) in the country. The new excavator offers up to 15% fuel savings through improved hydraulics and regulated engine speed, reducing operating costs.

KEY QUESTIONS ANSWERED

• What are the trends in the Thailand construction equipment market?
• Which are the major distributor companies in the Thailand construction equipment market?
• What is the growth rate of the Thailand construction equipment market?
• Who are the key players in the Thailand construction equipment market?
• How big is the Thailand construction equipment market?

Key Attributes:

Report Attribute	Details
No. of Pages	158
Forecast Period	2024 - 2030
Estimated Market Value in 2024	14786 Units
Forecasted Market Value by 2030	19420 Units
Compound Annual Growth Rate	4.6%
Regions Covered	Thailand

Prominent Vendors

• Caterpillar
• Komatsu
• Volvo Construction Equipment
• Hitachi Construction Machinery
• Liebherr
• SANY
• Xuzhou Construction Machinery Group (XCMG)
• JCB
• Kobelco
• Zoomlion Heavy Industry Science & Technology Co., Ltd.

Other Prominent Vendors

• HD Hyundai Construction Equipment Co., Ltd.
• Liugong Machinery Co., Ltd.
• SUMITOMO CONSTRUCTION MACHINERY CO., LTD.
• YANMAR HOLDINGS CO., LTD.
• DEVELON
• Tadano Ltd.
• Hidromek
• Manitou
• BOMAG GmbH
• KATO WORKS CO., LTD.
• SAKAI HEAVY INDUSTRIES, LTD.
• Xiamen XGMA Machinery Company Limited
• CNH Industrial N.V.
• Toyota Material Handling International
• AIRMAN CORPORATION
• AMMANN GROUP
• KUBOTA Corporation

Distributors Profiles

• Leadway Heavy Machinery Co., Ltd.
• Ariya Equipment CO., LTD.
• AVN Motorworks Co., Ltd.
• Promech Resources
• Sahasin Equipment Co., Ltd.
• OCR Company Limited
• Pin Siam Company Limited

SEGMENTATION & FORECASTS

Earthmoving Equipment

• Excavator
• Backhoe Loaders
• Wheeled Loaders
• Other Earthmoving Equipment (Other loaders, Bulldozers, Trenchers, Motor Graders)

Road Construction Equipment

• Road Rollers
• Asphalt Pavers

Material Handling Equipment

• Crane
• Forklift & Telescopic Handlers
• Aerial Platforms (Articulated Boom Lifts, Telescopic Boom lifts, Scissor lifts)

Other Construction Equipment

• Dumper
• Tipper
• Concrete Mixer
• Concrete Pump Truck

Segmentation by End Users

• Construction
• Mining
• Manufacturing
• Others (Power Generation, Utilities, Municipal Corporations, Oil & Gas, Cargo Handling, Power Generation Plants, Waste Management)

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