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Vietnam Crawler Excavator Market Strategic Assessment and Forecast 2021-2027: Manufacturers Vigorously Focus on Promoting Technologically Innovative Features – ResearchAndMarkets.com

By on September 17, 2021 0

DUBLIN – (COMMERCIAL THREAD) – The report “Vietnam Crawler Excavator Market – Strategic Assessment & Forecast 2021-2027” has been added to ResearchAndMarkets.com offer.

The Vietnam crawler excavator is expected to grow at a CAGR of 9.84% during the period 2021-2027.

The rapid recovery of countries like China, Korea and Japan from the pandemic situation is the main factor helping Vietnam recover from the pandemic situation faster and is expected to attract significant investment over the next few years.

The report examines the current Vietnam crawler excavator market scenario and 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 an analysis of the Vietnam Crawler Excavator market segment.

Intense competition in technology and design, excavator manufacturers are vigorously focused on promoting technologically innovative features and a wide variety of accessories for their equipment. Manufacturers are making operational advancements in their hydraulic excavator motors to manage their competitiveness in the market. For example, Komatsu collaborated with Honda Motor to manufacture an electric micro-excavator powered by Honda.

TRACKED EXCAVATOR MARKET OVERVIEW IN VIETNAM

  • Increased investment in infrastructure and construction operations in the country is expected to boost demand for crawler excavators in the country during the forecast period.

  • By 2025, the Vietnamese government plans to invest around US $ 120 billion in infrastructure projects. Infrastructure construction projects halted or suspended due to the pandemic are expected to resume and increase demand for excavators during the period.

  • The Vietnamese mini crawler excavator market is expected to reach 605 units by 2027, with a CAGR of 8.82%.

  • High foreign investment drives economic growth in Vietnam, which will help the government to invest more in public infrastructure that will drive the demand for excavators.

  • The volume of gross horsepower excavators of 102 to 200 HP accounted for the largest share of about 32.1% in 2020.

  • In Vietnam, transport, tunnels, electric power, water resources and real estate are among the five priority sectors. The government has proposed large-scale infrastructure projects and is expected to increase demand for medium excavators.

HIGHLIGHTS OF THE REPORT

  • In terms of end users, the construction industry is expected to generate the highest demand for excavators and is expected to dominate the market in the coming years.

  • Incorporating intelligent systems driven by IoT and data analytics for service, networking and sustainability, the market is shifting to a more innovative industry.

  • Excavators used in various sports tournaments and waste and sewage disposal are expected to help the market growth.

TRACKED EXCAVATOR MARKET IN VIETNAM – SEGMENTAL ANALYSIS

  • Rising fuel prices will increase the growth in demand for mini excavators because they are more fuel efficient and more compact than heavy excavators.

  • The Vietnamese agricultural tracked excavator market is expected to reach 318 units by 2027.

  • The Vietnamese government is investing in roads and infrastructure that will propel the growth of excavators in the raw power segment.

Market segmentation by type of excavator

  • Mini (

  • Small (7-25 tons)

  • Medium (26-40 tons)

  • Large (over 40 tonnes)

Market segmentation by application

  • Construction

  • Mining

  • Agriculture

  • Forestry

  • Others

Market segmentation by gross power output

  • 61-101 CV

  • 102-200 HP

  • > 201 CV

VIETNAM TRACKED EXCAVATOR MARKET – SELLERS ‘LANDSCAPE

Main suppliers

  • caterpillar

  • Komatsu

  • Hitachi

  • Hyundai construction equipment

  • Sany

  • Volvo

  • Doosan

  • Kobelco

Other important suppliers

  • Kubota

  • Sumitomo

  • Ingersoll Rand

  • XCMG

WHY BUY THIS REPORT??

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

  • Volume (Unit sales)

  • Type

  • Excavator Type and Operating Weight

  • Application

  • Gross output power

  • Value (USD)

  • Type

  • Excavator Type and Operating Weight

  • Application

  • Gross output power

  • Obtain competitive intelligence on the economic scenario, advantages in Vietnam, 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

  • Get expert quantitative and qualitative analysis on the value / volume growth projections of the Vietnam Crawler Excavator Market Share

  • Complete supply chain analysis

  • Get a COVID-19 impact analysis of the market

  • Company Profile of 8 Major Suppliers

For more information on this report, visit https://www.researchandmarkets.com/r/fhcf9a