The Vietnam Construction Equipment Industry is Expected to Grow at a CAGR of 5.88% During 2022 to 2028

DUBLIN, July 4, 2022 /PRNewswire/ -- The "Vietnam Construction Equipment Market - Strategic Assessment & Forecast 2022-2028" report has been added to ResearchAndMarkets.com's offering.

 The report considers the present scenario of the Vietnam construction equipment market and market dynamics for the forecast period 2022-2028.

It covers a detailed overview of several growth enablers, restraints, and trends in the market. The study includes the volume and value sales with a segment analysis of the Vietnam construction equipment market.

Vietnam construction equipment market is expected to grow at a CAGR of 5.88% during 2022-2028

Key Points

• In 2021, Vietnam government planned to invest $480 billion till 2030 for upgrading infrastructure, including 11 power plants, new highways, and roadways. Ministry of transport Vietnam drafted road & highways construction plan in 2021. The department aimed to connect all highways to main political centers, key economic regions, seaports, and international airports. In addition to it ~5,000 kilometers of highways construction were planned.
• The government had also planned to invest ~65 billion for road infrastructure by 2030. 48% of total transport industry investment is planned for development of road network by 2030. Major road construction projects such as North- South Express ($18.5 billion), The long Thanh Airport ($16 billion), Ho Chi Minh City Metro ($6.2 billion), Hanoi Ring Road ($368 million), Hai Van Tunnel 2 ($312 million) & Lien Chieu Port Da Nang ($147 million) are under progress in 2022.
• The demand for housing in Bao Loc, Dalat, and Ho Tram regions witnessed especially post pandemic. FDI inflow in country's real estate industry accounted for 11% of total FDI inflows for the year 2021.The government initiatives of loosening the housing laws under national housing development plan 2021-2030 is expected to support the demand for housing in the country.
• Depletion of mining resources, declining oil & gas production and rising building material prices are major challenges to Vietnamese economy.

Key Topics Covered:

Section 1 - Introduction

• Market Snapshot
• Executive Summary

Section 2 - the Market Overview

• Economic Scenario, Foreign Direct Investment, Major Infrastructure Projects in Vietnam

Section 3 - Vietnam Construction Equipment (Type & Application)

• Vietnam Construction Equipment Market by Type (Volume & Value)
• Earth Moving Equipment
• Excavator
• Backhoe Loader
• Motor Grader
• Other Earth Moving Equipment (Other Loaders, Bulldozer, Trencher, Etc.)
• Road Construction Equipment
• Asphalt Paver
• Road Roller
• Material Handling Equipment
• Crane
• Forklift and Telescopic Handler
• Aerial Platform (Articulated Boom Lifts, Telescopic Boom Lifts, Scissor Lifts, Etc)
• Vietnam Construction Equipment Market by Application (Volume & Value)
• Construction
• Mining
• Manufacturing
• Others (Power Generation and Utilities, Municipal Corporation Etc)

Section 4: Market Dynamics

• Market Drivers, Restraints, Trends, Key Economic Regions in Vietnam, Advantage Vietnam, Fdi in Vietnam, Import/Export Trend Analysis, Supply Chain. Covid-19 Impact

Section 5: Technology Development

• Advent of Technology

Section 6 - Competitive Landscape

• Competitive Landscape Overview
• Major Vendors (Caterpillar - Volvo Construction Equipment - Komatsu - Sany - Zoomlion Vietnam - Liebherr - Terex Corporation - Hyundai Construction Equipment - Xcmg - Kobelco - Hyundai Doosan Infracore - Hitachi Construction Equipment)
• Other Prominent Vendors
• Distributors Profiles

Section 7- Quantitative Summary

• Quantitative Summary

Section 8 - Report Summary

• Key Insights
• Abbreviations
• List of Graphs
• List of Tables

Section 9 - Report Scope & Definition

• Research Methodology
• Research Objective
• Market Definition, Inclusion & Exclusion

Companies Mentioned

• Komatsu
• Hyundai Doosan Infracore
• Caterpillar
• XCMG
• Volvo
• Sany
• Liebherr
• Kobelco
• Terex corporation
• Zoomlion Heavy Industry
• Hitachi Construction machinery
• CONSTRUCTION MACHINERY HOANG GIA
• BIN LOI CO., LTD
• TROUNG PHAT IMPORT EXPORT INVESTMENT SERVICE COMPANY LIMITED
• T&C Machine and Repair
• Vietserve Technology Limited

For more information about this report visit https://www.researchandmarkets.com/r/692gk2

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SOURCE Research and Markets