According to Arizton’s latest research report, the Malaysia construction equipment market is growing at a CAGR of 4.67% during 2023-2029.
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Report Summary
Market Size – Volume (2029): 11.9 Thousand Units
Market Size – Volume (2023): 9.1 Thousand Units
CAGR – Volume (2023-2029): 4.67%
Market Size – Revenue (2029): $1 Billion
Historic Year: 2020-2022
Base Year: 2023
Forecast Year: 2024-2029
Equipment Type: Earthmoving Equipment, Road Construction Equipment, Material Handling Equipment, and Other Equipment
End-Users: Construction, Mining, Manufacturing, and Others
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Increased Investment in Public Infrastructure Projects
The Malaysian government has officially committed to constructing an $8.5 billion port on Carey Island, aiming to significantly boost the capacity for handling container and conventional cargo at Port Klang, the country’s main shipping hub. This strategic development is designed to accommodate the anticipated rise in international trade, particularly in light of expansions at competing ports in Singapore, Thailand, and Vietnam. Additionally, this project will play a key role in driving growth within the Malaysian construction equipment market.
In conjunction with the port development, the Malaysian government is expanding its Bus Rapid Transit (BRT) and local bus services in major cities such as Johor Baru and the Klang Valley. This expansion is intended to provide efficient, eco-friendly public transportation options, reduce reliance on private vehicles, and further support the growth of the Malaysian construction equipment sector.
The government’s ongoing and planned road construction projects reflect its commitment to enhancing infrastructure and fostering economic growth. These initiatives are expected to benefit businesses and support overall economic development by improving connectivity and alleviating traffic congestion.
In May 2024, the government announced new road projects in Sibu, scheduled to begin in September 2024. These projects aim to improve infrastructure and connectivity in the region, addressing traffic congestion and road conditions as part of a broader effort to enhance transportation networks and local development.
Additionally, in May 2024, the government revealed a new infrastructure project led by URDA (Unit for the Implementation and Coordination of Development Projects) in Belaga. This project seeks to connect Long Wat and Long Malim through upgraded infrastructure, thereby improving accessibility and connectivity in the region and underscoring the government’s commitment to rural development.
In 2024, residents of Ranau town were assured of infrastructure enhancements, with two significant projects highlighted: the Terawas-Malinsau-Kaingaran Road Upgrading Project and the Road Construction Project to Sejahtera Mini Estate Mansalu Ranau, Phase II.
Furthermore, the Malaysian government unveiled 11 new transport and logistics projects in 2023 to strengthen the nation’s infrastructure sustainably and resiliently. Significant initiatives include the Pan Borneo Highway Sabah Phase 1B, the Penang Light Rail Transit (LRT) Project, and the expansion of Penang International Airport. These projects are expected to significantly boost the Malaysian construction equipment market during the forecast period.
Recent Launches
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In February 2024, Explore Plant and Transport Solutions, a rental company based in the UK, placed a $7.4 million order for over 100 JCB machines. This order includes its initial purchase of JCB’s midi and X Series excavators and several JCB Loadall telescopic handlers and site dumpers.
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In April 2024, Dieci launched its all-electric telehandler at Intermat alongside the revised Pegasus range, featuring three unique lines. The notable offerings include the Essential 40.18, which boasts a 400° non-continuous rotation designed for the rental sector, and the high-performance Classic 75.25, equipped with Dual Energy, a detachable kit allowing operation without the internal combustion engine.
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In Jan 2024, Kobelco announced the launch of the new TKE750G telescopic boom crane, which features a maximum lifting capacity of 75 metric tons. It is integrated with the EU Stage V-compliant engine.
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In May 2023, Komatsu manufactured the medium-sized hydraulic excavator machine, a concept vehicle that uses a hydrogen fuel cell. In February 2024, Komatsu launched the hydraulic excavator, a concept machine equipped with a hydrogen fuel cell.
Malaysia Construction Equipment Market Dynamics
Trends
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Increasing investments under the National Energy Transition Roadmap (NETR)
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Rising focus on compact and electric construction equipment
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Environmental policies and initiatives to increase the use of excavators and loaders
Challenges
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Increased pressure on the Ringgit will hamper foreign investment opportunities
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Shortage in skilled labor
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Increasing raw material and construction costs
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Key Vendors
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Caterpillar
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Komatsu
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Xuzhou Construction Machinery Group Co. Ltd. (XCMG)
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SANY
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Zoomlion Heavy Industry Science&Technology Co., Ltd.
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Volvo Construction Equipment
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Hitachi Construction Machinery
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Liebherr
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DEVELON
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HD Hyundai Construction Equipment
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Kobelco
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JCB
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Kubota
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Manitou
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Bobcat
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SUMITOMO CONSTRUCTION MACHINERY CO., LTD.
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CNH Industrial
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LiuGong
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Sunward Intelligent Equipment Group
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Takeuchi Manufacturing
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Yanmar
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Terex Corporation
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Bomag
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Tadano
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KATO WORKS CO., LTD.
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Toyota Material Handling
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AMMANN
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AUSA
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Wacker Neuson
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The Manitowoc Company, Inc.
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Shantui Construction Machinery Co., Ltd.
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Anhui Heli Co. Ltd
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SAKAI HEAVY INDUSTRIES,LTD.
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Shandong Lingong Construction Machinery (SDLG)
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JLG
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Bell Equipment
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GEHL
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Lonking
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Favelle Favco
Distributor Profiles
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Sunway Marketing Sdn. Bhd.
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FHM Equipment Sdn Bhd
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UMW Equipment Sdn. Bhd
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TCIM
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UM Construction Equipment Sdn Bhd
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WDG Resources Sdn Bhd.
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KS Kim Sui Engineering Sdn Bhd
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Multico (M) Sdn Bhd
Market Segmentation by Type
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Earthmoving Equipment
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Excavator
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Backhoe Loaders
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Wheeled Loaders
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Other Earthmoving Equipment (Other loaders, Bulldozers, Trenchers)
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Road Construction Equipment
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Road Rollers
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Asphalt Pavers
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Material Handling Equipment
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Crane
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Forklift & Telescopic Handlers
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Aerial Platforms (Articulated Boom Lifts, Telescopic Boom lifts, Scissor lifts)
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Other Construction Equipment
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Dumper
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Tipper
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Concrete Mixer
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Concrete Pump Truck
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Segmentation by End Users
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Construction
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Mining
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Manufacturing
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Others (Power Generation, Utilities Municipal Corporations, Oil & Gas, Cargo Handling, Power Generation Plants, Waste Management)
Key Questions Answered in the Report:
What is the growth rate of the Malaysia construction equipment market?
Who are the key players in the Malaysian construction equipment market?
What are the trends in the Malaysia construction equipment market?
How big is the Malaysia construction equipment market?
Which are the major distributor companies in the Malaysia construction equipment market?
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