Ethiopia construction equipment market

Ethiopia Construction Equipment Market Overview

Ethiopia construction equipment market is predicted to grow during the forecast period due to the increasing infrastructure development along with the rising government initiatives such as growth and transformation plan, vision 2025 and investment in the dam construction projects like Grand Ethiopian Renaissance Dam.

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Major Ethiopia Construction Equipment Market Drivers

Rapid population growth has led to the increase in the house construction, which upsurge the demand for construction equipment in Ethiopia such as bulldozers and cranes is further thriving the real estate sector. Rising spending on the infrastructure and real estate projects is supporting the market growth. Ethiopia government is investing in construction activities which will create more demand for construction equipment. For instance, the government is heavily investing on the expansion of road network plans which is predicted to drive Ethiopia heavy construction equipment market. Rapid development in construction industry in Ethiopia created numerous opportunities for European construction equipment manufacturers. The government of Ethiopia is also spending for the development of mineral resources like nickel, platinum and gold, supporting the Ethiopia mining sector.

High demand for construction equipment in Ethiopia due to increasing residential and commercial construction activities and shortage of labor in the country. Development in the commercial and industrial construction is expected to increase sales of construction machinery in Ethiopia. Increasing number of construction projects such as malls, shopping complex, buildings and commercial offices is propelling the growth of the construction equipment market in Ethiopia. Moreover, rise in the transportation infrastructure such as road and railway construction is supporting the Ethiopia construction machinery market. All these factors are expected to drive the Ethiopia construction equipment market growth.

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Earthmoving Machinery market is expected to register higher growth. The market is driven by the growing demand of loaders, excavators and dump trucks for the infrastructural development projects and construction activities.

Ethiopia construction equipment market outlook covers detailed analysis of Ethiopia construction equipment market share, road construction equipment, Commercial Construction, Infrastructure Construction, Ethiopia construction industry, Energy and Utilities Construction, Ethiopia construction equipment market overview, key players launches to boost the market growth.

Segments covered in the Report:

The Ethiopia Construction Equipment Market has been segmented on the basis of Engine Capacity, Equipment Category, Propulsion Type and Application. Based on the Engine Capacity, the market is segmented into Up to 250-500 HP, 250 HP, more than 500 HP. Based on the Equipment Category, the market is segmented into Earth Moving Machinery, Material Handling Equipment, Heavy Construction Equipment, Others. Based on the Propulsion Type, the market is segmented into CNG/LNG/RNG, Diesel. Based on the Application, the market is segmented into Commercial, Infrastructure, Residential.

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 Market Segmentation

Ethiopia Construction Equipment Market by Engine Capacity

• • Up to 250 HP
  • 250-500 HP
  • More than 500 HP

Ethiopia Construction Equipment Market by Equipment Category

• • Earth Moving Machinery
  • Material Handling Equipment
  • Heavy Construction Equipment
  • Others

Ethiopia Construction Equipment Market by Propulsion Type

• • Diesel
  • CNG/LNG/RNG

Ethiopia Construction Equipment Market by Application

• • Infrastructure
  • Commercial
  • Residential