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

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CAT Caterpillar is mentioned as a prominent vendor in the Thailand construction equipment market, which is projected to grow. The article does not provide specific performance data for Caterpillar.

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

KEY QUESTIONS ANSWERED

Key Attributes:

Prominent Vendors

Other Prominent Vendors

Distributors Profiles

SEGMENTATION & FORECASTS

Earthmoving Equipment

Road Construction Equipment

Material Handling Equipment

Other Construction Equipment

Segmentation by End Users

For more information about this report visit https://www.researchandmarkets.com/r/rwona8

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