"Construction equipment" refers to a broad category of vehicles and items that the construction industry uses to assist various tasks and operations. This gear consists of a wide range of tools and apparatus designed to carry out several construction-related jobs, including excavation and grading, lifting, and material transportation. Cranes, loaders, bulldozers, excavators, and concrete mixers are a few examples.

Drivers: Crawler excavators are expected to become more and more necessary in Thailand as a result of rising government spending on building roads, motorways, metros, and airports. Construction equipment used in mining is expected to see a rise in demand due to remote operation, as it is generally safer to operate gear from a distance. Because of the government's increased investment in renewable energy programs, all-terrain cranes and excavators are expected to gain popularity. The development of solar, wind, and hydroelectric power plants depends on them, which is why they are essential. Thailand is seeing an increase in the use of mini excavators. Within the construction equipment industry, there is a greater need for tiny excavators due to the scarcity of affordable labor and the necessity of inner-city development projects.

Challenges: Thailand's construction equipment sector faces several significant challenges that restrict its potential for growth and efficiency. One major challenge is the inherent unpredictability of the construction industry, which is influenced by changing economic conditions and government infrastructure spending. The market also faces difficulties with regard to the availability and pricing of high-quality machinery, issues that are usually made worse by import levies and supply chain interruptions. Because technology is advancing so quickly, many organizations are forced to make ongoing investments in new machinery and personnel training, which can be expensive.

The COVID-19 pandemic had a profound impact on Thailand's market for construction equipment, upending numerous facets of the industry. The pandemic originally caused significant delays in construction projects because of lockdowns, travel restrictions, and labor shortages. Thus, the market for construction equipment was less active. These issues were exacerbated by supply chain disruptions, which increased the cost of equipment parts and raw materials and caused shortages. Government support for infrastructure projects has decreased, and the financial burden on construction enterprises has further slowed market expansion.

The market study provides market data by competitive landscape, revenue analysis, market segments and detailed analysis of key market players are; Caterpillar Inc., CNH Industrial N.V., Hitachi Construction Equipment Co. Ltd, Hyundai Construction Equipment Co. Ltd, JC Bamford Excavators Ltd (JCB), Kobelco Construction Machinery, Komatsu Ltd, Liebherr Group, SANY Group, XCMG Group.

By Machinery Type: Based on the Machinery Type, Thailand Construction Equipment Market is segmented as; Cranes, Telescopic Handlers, Excavators, Loaders and Backhoe, Motor Graders, Others.

By Propulsion: Based on the Propulsion, Thailand Construction Equipment Market is segmented as; Internal Combustion Engine, Electric and Hybrid.

By Region: This research also includes data for Eastern region, Western region, Southern region, Northern region.

This study also encompasses various drivers and restraining factors of this market for the forecast period. Various growth opportunities are also discussed in the report.