Singapore Machinery and Equipment Tenders

The Singapore Machinery and Equipments market is a thriving sector, expected to reach US$24.22 billion in output by 2023 and growing at a 3.88% CAGR through 2028. Construction equipment drives the demand, with a projected US$444.2 million market size by 2027.

The government plays a significant role in driving demand through public projects. In 2021, Singapore was the 9th largest exporter of machinery in the world, highlighting its position as a key player in the global market.

The government primarily procures construction equipment, including excavators, bulldozers, and cranes. Additionally, machinery for manufacturing, industrial automation, and environmental management are also in high demand.

The Ministry of National Development, Housing & Development Board, and Land Transport Authority are the leading government agencies responsible for machinery and equipment procurement.

Major winners of government contracts include Caterpillar, Komatsu, Hitachi Construction Machinery, and Volvo Construction Equipment. Local players like Yong Choon Equipment & Machinery also hold a significant market share.

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