The earthmoving segment is the second-largest second after material handling. Due to manufacturing and construction industry growth, forklift accounts for the largest market share in the material handling segment. The material handling segment accounts for the largest Vietnam construction equipment market share. 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.ĭepletion of mining resources, declining oil & gas production and rising building material prices are major challenges to Vietnamese economy. The demand for housing in Bao Loc, Dalat, and Ho Tram regions witnessed especially post pandemic. 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.
48% of total transport industry investment is planned for development of road network by 2030. The government had also planned to invest ~65 billion for road infrastructure by 2030. In addition to it ~5,000 kilometers of highways construction were planned. The department aimed to connect all highways to main political centers, key economic regions, seaports, and international airports. Ministry of transport Vietnam drafted road & highways construction plan in 2021. In 2021, Vietnam government planned to invest $480 billion till 2030 for upgrading infrastructure, including 11 power plants, new highways, and roadways. Vietnam construction equipment market is expected to grow at a CAGR of 5.88% during 2022-2028 The study includes the volume and value sales with a segment analysis of the Vietnam construction equipment market. It covers a detailed overview of several growth enablers, restraints, and trends in the market. The report considers the present scenario of the Vietnam construction equipment market and market dynamics for the forecast period 2022-2028.
DUBLIN-( BUSINESS WIRE)-The "Vietnam Construction Equipment Market - Strategic Assessment & Forecast 2022-2028" report has been added to 's offering.
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