태국의 건설 장비 시장 : 시장 점유율 분석, 업계 동향 및 통계, 성장 예측(2026-2031년)

According to Mordor Intelligence, the Thailand construction equipment market size is projected to expand from USD 1.25 billion in 2025 and USD 1.31 billion in 2026 to USD 1.65 billion by 2031, registering a CAGR of 4.75% between 2026 to 2031.

This report is Segmented by Machinery Type (Cranes and More), Propulsion (Internal Combustion Engine and Electric & Hybrid), Power Output (Below 100 HP and More), End-User (Infrastructure and More), Application (Earth-Moving and More), and Geography. The Market Forecasts are Provided in Terms of Value (USD) and Volume (Units), Based On Availability.

Thailand Construction Equipment Market Trends and Insights

Surge in Megaprojects Under Eastern Economic Corridor

Several EEC Phase 2 projects, valued at a significant amount, are driving demand for medium- to large-excavators, lattice-boom crawler cranes, and amphibious pile drivers. Important infrastructure developments, including an aviation hub expansion, a port upgrade, and a high-speed rail corridor connecting multiple airports, are operating at fleet capacities well above pre-pandemic levels. Contractors are increasingly favoring telematics-enabled machines that transmit utilization data to lenders and insurers, enabling notable reductions in financing costs. In certain regions, secondary leasing markets have emerged, allowing smaller contractors to sub-lease idle equipment and capitalize on additional project opportunities. Japanese OEMs are incorporating predictive-maintenance subscriptions into long-term service contracts, ensuring steady aftermarket revenue and extending equipment's operational lifespan.

Public-Private Partnerships Accelerating Infrastructure Roll-Outs

The Ministry of Transport has unveiled a significant public-private partnership (PPP) docket encompassing numerous projects. In addition, additional funding has been allocated for several new initiatives set to launch in the near future. Key motorways operating under a build-operate-transfer model impose emissions ceilings, promoting the use of fuel-efficient graders and compactors. The ambitious Southern Land Bridge, a significant infrastructure project, is set to deploy a substantial number of heavy machines, with operations expected to commence later in the decade. Embedded in PPP contracts are provisions for liquidated damages in the event of schedule delays. This has spurred the adoption of BIM-integrated machinery, which ensures real-time compliance tracking. In response to the capital demands of primary concession bids, smaller firms are strategically shifting towards subcontracting niche roles and pursuing short-term rentals.

Construction-Input Inflation Squeezing Contractor CAPEX

In 2024, Thailand's construction cost index rose moderately, driven by ongoing inflationary pressures on steel, cement, and diesel. Labor costs also rose significantly, further squeezing subcontractors' already tight margins. As a result, smaller builders are postponing fleet upgrades, turning instead to used equipment from EEC surplus inventories. While government price caps have been implemented, their impact is limited, leaving project budgets vulnerable to fluctuations in global commodity prices. Without a return to price stability or a rise in escalator clauses, sales of new equipment to micro-contractors are expected to remain subdued.

Other drivers and restraints analyzed in the detailed report include:

1. Tourism-Led Rebound in Commercial and Hospitality Construction
2. Renewable-Energy Build-Out Lifting Demand for Cranes and Earth-Moving Gear
3. Skilled-Operator Shortages Pushing Renters Over Buyers

For complete list of drivers and restraints, kindly check the Table Of Contents.

Segment Analysis

Excavators accounted for 47.16% of the Thailand construction equipment market share in 2025, reflecting their indispensable role in pile foundations and trenching across the EEC megaproject lattice. This segment alone accounted for nearly half of Thailand's construction equipment market, driven by a procurement surge for the three-airport high-speed rail and the U-Tapao aviation hub. Chinese brands gained volume with minimal price discounts, but Japanese incumbents defended margins through advanced telematics and five-year service pacts.

Loaders and backhoes are forecast to register a 4.77% CAGR through 2031 as provincial roadworks, irrigation canals, and agriprocessing complexes demand multi-function machines that toggle between earth-moving and material-handling roles. Rental yards diversify into skid-steer and articulated loaders to serve smallholder cooperatives, modernizing cassava logistics. Telescopic handlers and motor graders, although smaller in volume, are increasingly deployed on PPP motorway sites where cross-slope precision is prioritized.

Internal combustion engines retained 88.71% of revenue in 2025, underpinned by diesel's national availability and the absence of universal charging. Nevertheless, electric and hybrid units are predicted to outpace, expanding at a 4.88% CAGR through 2031 and lifting the Thailand construction equipment market size in the low-carbon segment. Luxury hotel chains and corporate headquarters in Bangkok contractually require battery-electric mini-excavators for LEED credits, enabling OEMs to trial lithium-iron-phosphate packs rated for humid environments.

Hybrid drivetrains marry diesel generators to battery buffers on cranes, cutting idle emissions by nearly 30% on congested sites. ICE will stay entrenched in quarrying and mining until fast-swap battery skids reach 300 kWh capacities. Government waivers on excise for zero-emission machinery narrow the total cost of ownership, but uptake remains gated by range constraints and resale liquidity uncertainties.

Complete Report Scope:

• By Machinery Type
  • Cranes
  • Telescopic Handlers
  • Excavators
  • Loaders & Backhoe
  • Motor Graders
  • Other Machinery Types
• By Propulsion
  • Internal Combustion Engine
  • Electric & Hybrid
• By Power Output
  • Below 100 HP
  • 101 - 200 HP
  • Above 200 HP
• By End-user
  • Infrastructure
  • Residential and Commercial Construction
  • Mining and Industrial
  • Agriculture
  • Energy and Utilities
• By Application
  • Earth-moving
  • Material Handling
  • Road Construction
  • Lifting & Hoisting
• By Region
  • Bangkok Metropolitan Area
  • Central Thailand
  • Northern Thailand
  • Northeastern Thailand
  • Southern Thailand

List of Companies Covered in this Report:

1. Caterpillar Inc.
2. Komatsu Ltd.
3. Hitachi Construction Machinery Co. Ltd.
4. Kobelco Construction Machinery Co. Ltd.
5. SANY Group
6. XCMG Group
7. Zoomlion Heavy Industry Science & Technology Co. Ltd.
8. Hyundai Construction Equipment Co. Ltd.
9. Liebherr Group
10. CNH Industrial N.V.
11. JC Bamford Excavators Ltd (JCB)
12. Volvo Construction Equipment
13. Doosan Bobcat
14. Wirtgen Group (John Deere)
15. Yanmar Holdings Co. Ltd.
16. Takeuchi Mfg. Co. Ltd.
17. Kubota Corporation
18. Sumitomo Construction Machinery Co. Ltd.
19. Terex Corporation
20. Manitowoc Company Inc.

Additional Benefits:

• The market estimate (ME) sheet in Excel format
• 3 months of analyst support

TABLE OF CONTENTS

1 Introduction

• 1.1 Study Assumptions & Market Definition
• 1.2 Scope of the Study

2 Research Methodology

3 Executive Summary

4 Market Landscape

• 4.1 Market Overview
• 4.2 Market Drivers
  • 4.2.1 Surge In Megaprojects Under Eastern Economic Corridor (EEC)
  • 4.2.2 Public-Private Partnerships Accelerating Infrastructure Roll-Outs
  • 4.2.3 Tourism-Led Rebound in Commercial and Hospitality Construction
  • 4.2.4 Renewable-Energy Build-Out (Solar Farms, BESS) Lifting Demand for Cranes and Earth-Moving Gear
  • 4.2.5 Localization of EV Supply-Chain Plants Requiring Green-Field Factory Construction
  • 4.2.6 Rapid Adoption of Machine-Control & BIM-Integrated Equipment to Cut Project Over-Runs
• 4.3 Market Restraints
  • 4.3.1 Construction-Input Inflation Squeezing Contractor CAPEX
  • 4.3.2 Skilled-Operator Shortages Pushing Renters Over Buyers
  • 4.3.3 High Import Duties and Sparse Charging Infra Delaying Electric Heavy Machinery Uptake
  • 4.3.4 Tight Credit Conditions for SMEs Slowing Fleet Renewal Cycles
• 4.4 Value / Supply-Chain Analysis
• 4.5 Regulatory Landscape
• 4.6 Technological Outlook
• 4.7 Porter's Five Forces
  • 4.7.1 Threat of New Entrants
  • 4.7.2 Bargaining Power of Suppliers
  • 4.7.3 Bargaining Power of Buyers
  • 4.7.4 Threat of Substitutes
  • 4.7.5 Competitive Rivalry

5 Market Size & Growth Forecasts (Value (USD) and Volume (Units))

• 5.1 By Machinery Type
  • 5.1.1 Cranes
  • 5.1.2 Telescopic Handlers
  • 5.1.3 Excavators
  • 5.1.4 Loaders & Backhoe
  • 5.1.5 Motor Graders
  • 5.1.6 Other Machinery Types
• 5.2 By Propulsion
  • 5.2.1 Internal Combustion Engine
  • 5.2.2 Electric & Hybrid
• 5.3 By Power Output
  • 5.3.1 Below 100 HP
  • 5.3.2 101 - 200 HP
  • 5.3.3 Above 200 HP
• 5.4 By End-user
  • 5.4.1 Infrastructure
  • 5.4.2 Residential and Commercial Construction
  • 5.4.3 Mining and Industrial
  • 5.4.4 Agriculture
  • 5.4.5 Energy and Utilities
• 5.5 By Application
  • 5.5.1 Earth-moving
  • 5.5.2 Material Handling
  • 5.5.3 Road Construction
  • 5.5.4 Lifting & Hoisting
• 5.6 By Region
  • 5.6.1 Bangkok Metropolitan Area
  • 5.6.2 Central Thailand
  • 5.6.3 Northern Thailand
  • 5.6.4 Northeastern Thailand
  • 5.6.5 Southern Thailand

6 Competitive Landscape

• 6.1 Market Concentration
• 6.2 Strategic Moves
• 6.3 Market Share Analysis
• 6.4 Company Profiles (Includes Global Level Overview, Market Level Overview, Core Segments, Financials as Available, Strategic Information, Market Rank/Share for Key Companies, Products and Services, SWOT Analysis, and Recent Developments)
  • 6.4.1 Caterpillar Inc.
  • 6.4.2 Komatsu Ltd.
  • 6.4.3 Hitachi Construction Machinery Co. Ltd.
  • 6.4.4 Kobelco Construction Machinery Co. Ltd.
  • 6.4.5 SANY Group
  • 6.4.6 XCMG Group
  • 6.4.7 Zoomlion Heavy Industry Science & Technology Co. Ltd.
  • 6.4.8 Hyundai Construction Equipment Co. Ltd.
  • 6.4.9 Liebherr Group
  • 6.4.10 CNH Industrial N.V.
  • 6.4.11 JC Bamford Excavators Ltd (JCB)
  • 6.4.12 Volvo Construction Equipment
  • 6.4.13 Doosan Bobcat
  • 6.4.14 Wirtgen Group (John Deere)
  • 6.4.15 Yanmar Holdings Co. Ltd.
  • 6.4.16 Takeuchi Mfg. Co. Ltd.
  • 6.4.17 Kubota Corporation
  • 6.4.18 Sumitomo Construction Machinery Co. Ltd.
  • 6.4.19 Terex Corporation
  • 6.4.20 Manitowoc Company Inc.

7 Market Opportunities & Future Outlook

• 7.1 White-space & unmet-need assessment