Market Share of Thailand Construction Equipment Industry
The construction equipment market in Thailand is currently characterized by the dominance of key players, including Komatsu Ltd., Sany Group, XCMG, Hitachi Construction Machinery Ltd., and Hyundai Construction Equipment Ltd. These industry leaders are actively involved in strategic maneuvers such as mergers and acquisitions, alongside launching innovative products to fortify their market positions and maintain a competitive edge.
For instance, in April 2022, Liebherr underwent a substantial redevelopment and comprehensive revision of its mid-sized wheel loader range. The revamped design includes a lift arm that maximizes breakout, holding, and lowering forces. Additionally, the introduction of optimized z-bar kinematics and improvements in working hydraulics further enhance the performance and efficiency of these wheel loaders, meeting the evolving demands of the Thai construction equipment market.
In January 2022, Liebherr made a significant contribution to the market by unveiling three new wheel loader models: the L550, L566, and L580. These new wheel loaders are equipped with the well-proven hydrostatic Liebherr travel drive, renowned for its exceptional efficiency. This innovation reinforces Liebherr's commitment to providing high-quality equipment that meets the rigorous requirements of the construction industry in Thailand.
Thailand Construction Equipment Market Leaders
Caterpillar Inc.
SANY Group
Hyundai Construction Equipment Co Ltd
Komatsu Ltd.
Hitachi Construction Machinery Co., Ltd.
*Disclaimer: Major Players sorted in no particular order
