GCC Construction Machinery Market

The construction machinery performs a sequence of operations to achieve a final intent. There are numerous types of construction machinery, including crane, excavators, loaders, backloe, truck, and other types of machinery. Depending on the function, the construction machinery can be categorized into different groups such as roading, roofing, drilling, and finishing machinery. These machineries are often used to construct commercial, industrial, and residential buildings across the world.

To have the edge over the competition by knowing the market dynamics and current trends of “GCC Construction Machinery Market,” request for Sample Report here

The key factors contributing towards the growth of the GCC Construction Machinery market include the continuous expansion in the construction industry, increasing demand for cranes, and the growing trend towards automation and telematics across the GCC countries. The government is strongly focusing on expanding the existing infrastructure by launching new projects and utility projects especially in Qatar, Saudi Arabia, and the UAE, which is resulting in the demand for construction equipment in this region. Some of the ongoing and upcoming projects in the GCC region include Dubai Expo 2020, Qatar’s FIFA World Cup 2022 and Al Qiddiya, Red Sea, and Neom projects in Saudi Arabia (KSA). The ongoing airport expansion project at Dubai International, amounting to USD 7.8 billion, is expected to further fuel the demand for construction machinery over the coming years.

The high capacity cranes have a strong demand in the GCC countries due to the increasing number of energy-related projects and construction of industrial facilities. One of the biggest power projects in the UAE is the 5.8GW Barakah nuclear power plant. In addition to this, the expansion in the electrification projects, including the Yanbu III Power Plant in Saudi Arabia, the Hassayan power plant in Dubai, and the Al Layyah Power Plant Expansion in Sharjah, will further contributing to the growing demand for construction machinery market during the forecast period. On the other hand, the high cost of construction machineries will restrain the growth of the market in this region.

Do you want to know more about the Research process and detailed Methodology, Request Research Methodology of this report

Based on the machinery type, the Loader & Backhoe segment is expected to grow at a higher CAGR in the market during the forecast period owing to increasing applications in the infrastructure sector such as for loading, grading, dozing, leveling, grabbing, and backfilling.

Based on the Application, the Infrastructure segment is projected to grow at a higher CAGR during the forecast period owing to the rapid increase in the number of ongoing and upcoming projects in this region. The government is emphasizing on the development of smart cities and other projects to improve the quality of life of its people by embracing innovation.

In case, any of your pain points areas are not covered in the current scope of this report, Request for Customization here

Based on the Country, the UAE is expected to grow at a higher CAGR during the forecast period owing to the expansion in the construction sector in the UAE. The growing economy growth, coupled with numerous ongoing roadways, airports, and port projects, will drive the demand for construction machineries in this country. With the strong demand for construction machineries, the manufacturers are focusing on expanding their product portfolio to capture the changing demand of the end-users. For instance, the CNH Industrial NV recently launched entry-level backhoe loaders in the UAE.

Various notable players in the Construction Machinery market include Hitachi Construction Machinery Co. Ltd., J.C. Bamford Excavators Ltd., Sumitomo Construction Equipment Co. Ltd., Caterpillar Inc., Liebherr International AG, AB Volvo, CNH Industrial N.V., Terex Corporation, and Komatsu Ltd.

Key Developments:

• • In 2018, Caterpillar Inc., expanded its hydraulic excavator range with the launch of three new models which will be available in the Middle East region.

The GCC Construction Machinery market has been segmented based on the Machinery Type, Application, Drive Type, and countries. Based on the Machinery Type, the market is segmented into Crane, Telescopic Handlers, Excavator, Loaders & Backloe, Motor Grader, Articulated Dump Truck, Asphalt Finisher, Crawler Dozer, Motor Scraper, Rigid Dump Truck, and Others. Based on the Application, the market is segmented into Infrastructure, Commercial Buildings, Residential Buildings, and Industrial Buildings. Based on the Drive Type, the market is segmented into Hydraulic and Electric and Hybrid. Based on countries, the market is segmented into UAE, Saudi Arabia, Oman, Kuwait, and the Rest of GCC.

For detailed scope of the “GCC Construction Machinery Market” report request a Sample Copy of the report

Key questions answered in this research report:

• • At what pace is the GCC Construction Machinery market growing? What will be a growing trend in the future?
  • What are the key drivers and restraints in the GCC Construction Machinery market? What will be the impact of drivers and restraints in the future?
  • Which type of machinery generated maximum revenues in 2019 and identify the most promising type of machineries during the forecast period?
  • What are the various type of drives of the GCC Construction Machinery market, and how are they poised to grow?
  • What companies are the major participants in this market and their business strategies, how does the competitive landscape look like?

 

Report Coverage	Details
Market Base Year	2019
Market Forecast Period	2020-2027
Market Revenues Currency	USD Million
Base Year & Forecast Units	Revenues (USD Million)
Market Segment	By Machinery Type, By Application, By Drive Type, and By Countries
Regional Coverage	GCC
Companies Profiled	Hitachi Construction Machinery Co. Ltd., J.C. Bamford Excavators Ltd., Sumitomo Construction Equipment Co. Ltd., Caterpillar Inc., Liebherr International AG, AB Volvo, CNH Industrial N.V., Terex Corporation, and Komatsu Ltd; a total of 9 companies covered.
25% Free Customization Available	We will customize this report up to 25% as a free customization to address our client’s specific requirements

 

Market Segmentation

GCC Construction Machinery Market by Machinery Type

• • Crane
  • Telescopic Handlers
  • Excavator
  • Loaders & Backloe
  • Motor Grader
  • Articulated Dump Truck
  • Asphalt Finisher
  • Crawler Dozer
  • Motor Scraper
  • Rigid Dump Truck
  • Other

GCC Construction Machinery Market by Application

• • Infrastructure
  • Commercial Buildings
  • Residential Buildings
  • Industrial Buildings

GCC Construction Machinery Market by Drive Type

• • Hydraulic
  • Electric and Hybrid

GCC Construction Machinery Market by Countries

• • UAE Construction Machinery Market All-Up (Option 1: Free 25% Customization)
  • Saudi Arabia Construction Machinery Market All-Up (Option 2: Free 25% Customization)
  • Oman Construction Machinery All-Up (Option 3: Free 25% Customization)
  • Kuwait Construction Machinery Market All-Up (Option 4: Free 25% Customization)
  • Rest of GCC Construction Machinery Market All-Up (Option 5: Free 25% Customization)

GCC Construction Machinery Market Leading Players (Option 6: As a part of the free 25% customization – Profiles of 5 Additional Companies of your Choice)

• • Caterpillar Inc.
  • AB Volvo
  • Komatsu Ltd.
  • CNH Industrial N.V.
  • Liebherr International AG
  • Hitachi Construction Machinery Co., Ltd.
  • Terex Corporation
  • Joseph Cyril Bamford Excavators Ltd.
  • Bamford Excavators Ltd.
  • Sumitomo Construction Equipment Co. Ltd.