Construction equipment

Singapore Construction Equipment Industry to 2027

DUBLIN, December 16, 2021 / PRNewswire / – The report “Singapore Construction Equipment Market – Strategic Assessment & Forecast 2021-2027” has been added to ResearchAndMarkets.com offer.

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the Singapore the size of the construction equipment market will be assessed at $ 444.2 million by 2027, with a compound annual growth rate (CAGR) of 4.36% in volume during 2021-2027

Market Snapshot

  • In Singapore, the rental sector is gaining ground. With the increase in construction activity, most end users prefer rental equipment due to its cost effective option.

  • The demand for large excavators is expected to increase in Singapore. Suppliers such as Hitachi, Komatsu and Kobelco are expected to follow the trend and launch a large excavator segment in the country.

  • The government of Singapore plans various infrastructure projects in the area of ​​health care and transport infrastructure redevelopment. This initiative will increase the demand for the construction equipment market by Singapore.

The transition to intelligent systems driven by IoT and data analytics for service, networking and sustainability to create an innovative construction equipment market in Singapore. The country’s government plans to improve manufacturing productivity by 50% by 2030. The government has established a Global Alliance for Innovation that enables local technology and manufacturing companies to collaborate with global manufacturers and ” improve productivity through technological collaboration in Singapore. Construction machinery is creating huge demand especially in construction business across the country.

Highlights

  • Investments from developed countries, favorable government policies and FDI, and expected industrial progress will contribute most of the Singapore construction machinery equipment market.

  • The increase in infrastructure projects and strong growth in manufacturing sectors will drive the demand for construction equipment such as excavators, cranes and forklifts in the region. Singapore Marlet.

  • In Singapore, one of the main players, Caterpillar, has launched its new next-generation large excavator to boost its growth in the country.

The report examines the current scenario of the Singapore Construction equipment market and its market dynamics for the forecast period 2021-2027. It covers a detailed overview of several growth factors, restraints and market trends. The study includes sales volume and value with segmental analysis of the construction equipment market.

Segmentation analysis

  • The road construction project at Singapore is growing rapidly and is expected to reach $ 35 million by 2027.

  • In the country, several housing and commercial building construction projects are planned. Thus, the construction industry is expected to experience tremendous growth in the future.

Market segmentation by type

  • Earthmoving equipment

  • Shovel

  • Backhoe loader

  • Charger

  • Grader

  • Other earthmoving equipment

  • Road construction equipment

  • Asphalt paving stone

  • Road compactor

  • Material handling equipment

  • Crane

  • Forklift and telescopic handler

  • Aerial platforms (articulated platforms, telescopic platforms, aerial platforms, etc.)

Market segmentation by application

  • Construction

  • Manufacturing

  • Mining

  • Others

Supplier landscape

  • XCMG has integrated technological innovations and development to create a series of products in Singapore manufacture of construction equipment.

  • The construction equipment market Volvo has partnered and collaborated with other leading companies to capitalize on the demand for industrial and construction equipment.

  • Kobelco has a significant technological capacity supported by access to several manufacturing plants and subsidiaries to stimulate their Singapore growth of the construction equipment industry.

Main suppliers

Other important suppliers

Distributor Profiles

Why should you buy

This report is among the few in the market that offers an analysis of the outlook and opportunities in terms of-

  • Volume (Unit sales)

  • Type of excavator

  • Application

  • Value (USD)

  • Type of excavator

  • Application

  • Obtain a competitive intelligence on the economic scenario, the advantages in Singapore, major projects and investments, market dynamics and market share

  • Examples of latest technologies

  • Get presentation-ready format and easy-to-interpret data.

  • Enable decision-makers to make informed and profitable choices

  • Benefit from a quantitative and qualitative analysis of experts on the value / volume growth projections of the Singapore construction equipment market share.

  • Complete supply chain analysis

  • Get a COVID-19 impact analysis of the market.

  • Company profile of 12 important suppliers

Answers to key questions:
1. How big is the Singapore construction machinery market?
2. What are the latest trends Singapore construction equipment manufacturing market?
3. Who are the main actors that of Singapore the industrial and construction equipment industry?
4. Which market segment has the highest share of the construction equipment market?
5. What are the applications in Singapore construction machinery market?

Main topics covered:

Section 1 – Presentation

  • Market Snapshot

  • Summary

Section 2 – Market Overview
Economic scenario, FDI, advantage of Singapore, Singapore’s Key Economic Regions, Supply Chain Overview, COVID-19 Impact

Section 3 – Technological advances

Section 4 – Market dynamics

Section 5 – Singapore Construction Equipment (Type and Application)
5.1 Singapore Construction Equipment Market by Type (Volume & Value)
5.1.1. Earthmoving equipment
5.1.2. Road construction equipment
5.1.3. Material handling equipment
5.2 Singapore Construction Equipment Market by Application (Volume & Value)

Section 6 – Competitive landscape
1. Overview of the competitive landscape
2. Company Profile of Major Suppliers (Liebherr Singapore, Komatsu, Kobelco, Terex Corporation, Caterpillar Singapore, XCMG, SANY, Volvo Construction Equipment Singapore)
3. Other important suppliers
4. Profile of distributors

Section 7 – Summary of the report
1. Key information

Section 8 – Scope and definition of the report
1. Research methodology
2. Market definition, inclusion and exclusion

For more information on this report, visit https://www.researchandmarkets.com/r/icywbh

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Research and markets
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SOURCE Research and Markets


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