Annual construction equipment sales in Thailand are expected to rise from the current level of 7,500 units to 10,000 over the medium term, according to Off-Highway Research, a leading global industry market research consultancy. The upswing is expected to start following a general election which is due in 2019.
Although demand has been patchy over the last few years, Off-Highway Research’s (OHR) new report, The Construction Equipment Industry in Thailand, forecasts that equipment sales will rise in response to infrastructure investment. The most significant gains are likely to be seen in 2020 and beyond, and this should be particularly positive for Thailand’s large market for crawler excavators.
As well as having significant equipment sales, the new OHR report notes that Thailand is also an important manufacturing base, particularly for crawler excavators. In addition, crawler dozers, mini excavators, motor graders and wheeled loaders are manufactured in Thailand, making it an important country for component suppliers. The high population of equipment – OHR puts this at more than 87,000 construction machines plus a further 350,000 agricultural tractors – also makes it a significant country for companies active in the aftermarket.