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Top 7 Payroll Vendors in Malaysia for Small Businesses

Running a small business takes a lot of hard work. You make big choices, talk to customers and care for your team every day. But...
April 10, 2025
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  • Asia Pacific Heavy Construction Equipment Market Trends, Size, Segment and Growth by Forecast to 2030
  • The Heavy Construction Equipment Market size is expected to reach US$ 148.26 billion by 2031 from US$ 93.30 billion in 2024. The market is estimated to record a CAGR of 6.84% from 2024 to 2031. Download Full PDF Sample Copy of Market Report @- https://www.businessmarketinsights.com/sample/BMIRE00031238 Executive Summary and Asia Pacific Heavy Construction Equipment Market Analysis: The heavy construction equipment market in Asia Pacific is segmented into Australia, China, India, Japan, South Korea, Indonesia, Singapore, Malaysia, the Philippines, Vietnam, and the Rest of Asia Pacific. The construction sector in Asia Pacific recorded ~US$ 4.36 trillion of output in 2022, representing approximately 45% of the global construction sector. However, in January 2025, infrastructure investments related to transportation, renewable energy, and manufacturing reached US$ 21.9 billion in Singapore and Malaysia. Further, the government of New Zealand is emphasizing the development of infrastructure networks such as water and wastewater systems, road and rail networks, electricity transmission, and telecommunication infrastructure. Growing population and increasing urbanization are a few factors boosting the need to expand and upgrade important infrastructure facilities in the country. The government of New Zealand plans to offer ~US$ 47 billion for infrastructure development over the coming five years 2023-2027. The growing focus on infrastructure development is anticipated to propel the growth of construction activities, along with the application of heavy construction equipment, across the country in the coming years. Asia Pacific Heavy Construction Equipment Market Segmentation Analysis Key segments that contributed to the derivation of the Heavy Construction Equipment Market analysis are machine type, power output, propulsion type, and end-use industry. • By machine type, the heavy construction equipment market is segmented into earth-moving equipment, material handling equipment, heavy construction vehicles, and others. The earth-moving equipment segment held a larger share of the market in 2024. • In terms of power output, the market is segmented into less than 100 HP, 101–200 HP, 201–400 HP, and above 400 HP. The 201–400 HP segment held the largest share of the market in 2024 • By propulsion type, the heavy construction equipment market is segmented into Internal Combustion Engine (ICE), and Electric. The ICE segment held a larger share of the market in 2024. • By end-use industry, the heavy construction equipment market is segmented into building and construction, forestry & agriculture, mining, others. The building and construction segment held a largest share of the market in 2024 Asia Pacific Heavy Construction Equipment Market Outlook Asia Pacific (APAC) is one of the most significant and fastest-growing markets for heavy construction equipment, driven by rapid urbanization, industrialization, government infrastructure initiatives, and rising demand for advanced construction machinery. The diverse economies and varying development stages across countries in the region create unique dynamics that shape the demand for heavy construction equipment. The increasing number of modernization projects, including Singapore Changi, Beijing Capital International, and Incheon International, are positively impacting the overall construction sector. Countries such as Indonesia and Thailand are also investing in domestic infrastructural development with more focus on regional airports to improve connectivity. Currently, out of 425 airport and airport infrastructure development projects across the globe, 155 projects are under development in Asia Pacific with an investment of US$ 209 billion. One of the largest airport development projects in Asia Pacific is Long Thanh International Airport in Vietnam, which has an investment of US$ 14.5 billion and is expected to be completed in 2025. In addition, the expansion of Terminal 5 at Changi Airport, Singapore, is a US$ 10 billion project and is expected to be completed by 2030. In July 2022, the government of the Philippines announced plans to redevelop its 30-year-old Cadlao Oil Field to boost the country’s oil production in the coming years. Similarly, in May 2022, The Hoang Long, consisting of two different companies, secured a drilling rig for its planned offshore development wells in the Cuu Long basin in Vietnam. Such developments are creating the demand for heavy construction equipment in the Rest of Asia Pacific. Asia Pacific Heavy Construction Equipment Market Country Insights Based on Geography, the Asia Pacific Heavy Construction Equipment Market comprises of China, Japan, South Korea, India, Australia, Indonesia, Singapore, Malaysia, Taiwan, Thailand, Vietnam, New Zealand, Philippines, Bangladesh, and Rest of Asia Pacific. The China held the largest share in 2024. The construction and infrastructure industry in China have witnessed transformative developments driven by rapid economic growth and the nation’s ascent as a global economic powerhouse. China is one of the largest construction markets worldwide. In March 2024, the government of China announced its target to fund US$ 173 billion (CNY 1.2 trillion) in transport infrastructure projects by the end of 2024. Furthermore, in March 2024, the Yangtze River Delta region government announced an investment of US$ 19.6 billion (CNY 140 billion) to build 32 railway infrastructure projects. In February 2024, the Shanghai government announced its target to initiate work on 24 projects with a combined investment of US$ 5.8 billion (CNY 42.1 billion). Asia Pacific Heavy Construction Equipment Market Report Highlights Attribute Details Market Size (2024) US$ 93.30 Billion Market Size (2031) US$ 148.26 Billion CAGR (2025–2031) 6.84% Historical Data 2022–2023 Forecast Period 2025–2031 Segments Covered Machinery Type, Propulsion, Power Output, End Use Machinery Types Earthmoving, Material Handling, Heavy Vehicles Propulsion Types ICE, Electric Power Output <100 HP, 101–200 HP, 201–400 HP, 401+ HP End Use Industries Construction, Forestry & Agriculture, Energy & Power, Mining Regions Covered Asia Pacific (China, India, Japan, Australia, Rest of APAC) Asia Pacific Heavy Construction Equipment Market Company Profiles Some of the key players operating in the market includes Caterpillar Inc., Komatsu Ltd., Volvo Construction Equipment, Liebherr Group, and Hitachi Construction Machinery, among others. These players are adopting various strategies such as expansion, product innovation, and mergers and acquisition to provide innovative products to their consumers and increase their market share. Asia Pacific Heavy Construction Equipment Market Research Methodology: The following methodology has been followed for the collection and analysis of data presented in this report: • Secondary Research The research process begins with comprehensive secondary research, utilizing both internal and external sources to gather qualitative and quantitative data for each market. Commonly referenced secondary research sources include, but are not limited to: • Company websites, annual reports, financial statements, broker analyses, and investor presentations. • Industry trade journals and other relevant publications. • Government documents, statistical databases, and market reports. • News articles, press releases, and webcasts specific to companies operating in the market. Can you see this our reports – North America Employee Monitoring Solution Market – https://www.openpr.com/news/3971781/north-america-employee-monitoring-solution-market-trends Europe EV Powertrain Market – https://postyourarticle.com/europe-ev-powertrain-market-trends-size-segment-and-growth-by-forecast-to-2030/ Africa Web Content Management Market – https://businessmarketins02.blogspot.com/2025/04/africa-web-content-management-market.html Europe Offshore Pipeline Market – https://sites.google.com/view/businessmarketinsights-90/home North America Child Resistant Closures Market – https://postyourarticle.com/north-america-child-resistant-closures-market-trends-size-segment-and-growth-by-forecast-to-2030/ About Us: Business Market Insights is a market research platform that provides subscription service for industry and company reports. Our research team has extensive professional expertise in domains such as Electronics & Semiconductor; Aerospace & Défense; Automotive & Transportation; Energy & Power; Healthcare; Manufacturing & Construction; Food & Beverages; Chemicals & Materials; and Technology, Media, & Telecommunications Author's Bio Akshay Senior Market Research Expert at Business Market Insights
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