Kenya Construction Equipment Market and Analysis Report – Opportunities and Forecast 2023-2030
Kenya Construction Equipment Market Overview
Kenya construction equipment market is expected to register strong growth in upcoming years owing to the growth in the construction industry and favorable government investment to boost infrastructure development across the country.
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Major Kenya Construction Equipment Market Drivers
Construction Industry in Kenya is experiencing steady growth and contributing towards economy. In 2019, Kenya National Bureau of Statistics estimated that Construction sector grew by 6.8% due to the expansion in the construction activities, rapid urbanization, population growth and infrastructure spending and development across the country. In addition, adoption of the advanced technologies such as 3D printing and BIM to improve efficiency and to reduce overall cost.
Kenya’s government aimed to expand the manufacturing, affordable housing and food production through development plans. The government of Kenya is heavily investing on various projects under Kenya Vision 2030 such as LAPSSET corridor projects and Lamu- Ijara- Garissa Road is projected to create more demand for the construction equipment in Kenya. The country has taken initiatives to expand transport networks and housing projects, which will boost the infrastructure sector in Kenya. Some of the ongoing projects are enhancement of James Gichuru – Rironi, Nairobi Eastern Bypass and Pangani affordable housing projects is predicted to contribute to the growth of the Kenya construction machinery market in next seven years.
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Expansion in the construction sector is boosting the construction machinery Industry due to the increasing spending on major projects like commercial complexes, construction of road and bridge and hotels. For example, the government invested USD 3.8 million for the Tahan river nuclear plant development is further propelling the market growth in near future.
Construction machinery manufacturers are focused to provide advanced machinery due to the increasing adoption of the technological advanced equipment to manage construction projects efficiently. Kenya construction machinery market outlook covers detailed analysis of Kenya building equipment market, road construction machinery in Kenya, market size and growth.
Segments covered in the Report:
The Kenya 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 HP, 250-500 HP, more than 500 HP. Based on the Equipment Category, the market is segmented into Material Handling Equipment, Heavy Construction Equipment, Earth Moving Machinery, 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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Report Coverage |
Details |
Market Revenues (2022) |
USD Million |
Market Base Year |
2022 |
Market Forecast Period |
2023-2030 |
Base Year & Forecast Units |
Revenues (USD Million) |
Market Segment | By Engine Capacity, By Equipment Category, By Propulsion Type, By Application |
Regional Coverage | Kenya |
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Market Segmentation
Kenya Construction Equipment Market by Engine Capacity
-
- Up to 250 HP
- 250-500 HP
- More than 500 HP
Kenya Construction Equipment Market by Equipment Category
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- Earth Moving Machinery
- Material Handling Equipment
- Heavy Construction Equipment
- Others
Kenya Construction Equipment Market by Propulsion Type
-
- Diesel
- CNG/LNG/RNG
Kenya Construction Equipment Market by Application
-
- Infrastructure
- Commercial
- Residential
Related Reports
- Published Date: Dec-2023
- Report Format: Excel/PPT
- Report Code: UP3593-001001
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Report is shared with unlimited user (employees) of the purchasing corporation only
The report is used by the purchaser (One Individual) only
Multi-User License:Report is shared with maximum 5 users (employees) including the purchaser of the purchasing corporation only
Corporate License:
Report is shared with unlimited user (employees) of the purchasing corporation only
Kenya Construction Equipment Market and Analysis Report – Opportunities and Forecast 2023-2030
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