The Construction Equipment Market in the Middle East - Outlook to 2024

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Mar 15, 2019, 07:45 ET

DUBLIN, March 15, 2019 /PRNewswire/ -- The "Middle East Construction Equipment Market (2018-2024): Market Forecast By Types, By Applications, By Countries, and Competitive Landscape" report has been added to ResearchAndMarkets.com's offering.

According to this research, Middle East Construction Equipment market is projected to grow at a CAGR of 1.8% during 2018-2024.

Government initiatives such as Saudi Vision 2030, UAE Vision 2021 and Turkey Vision 2023 would spur the demand for construction equipment market in the Middle East region. These initiatives include expansion of metros and airports, along with the construction of new hotels and shopping malls, which would boost Middle East construction equipment market forecast revenues.

The construction application segment is expected to demonstrate significant growth over the coming years owing to a large number of upcoming infrastructure projects in the region. Additionally, mobile cranes and earthmoving equipment captured major pie in the overall Middle East construction equipment market share due to their extensive usage at construction sites for excavation and lifting heavy weights.

Market Summary

Post-2014, the construction equipment market in the Middle East region witnessed sluggish growth on account of the crude oil price crash. The demand for construction equipment is directly dependent upon the infrastructural projects, which was majorly impacted during 2014-18.

However, the construction equipment market in Middle East region is expected is regain momentum due to the recovery of crude oil prices, diversification of the economy and government-supported infrastructural development projects including hospitals, offices, retail, educational institutions and malls in the region.

Moreover, upcoming events such as Dubai Expo 2020 and Qatar FIFA world cup 2022 has resulted in an increase in construction activities in the UAE and Qatar. As a result, the market is expected to witness a substantial rise during the forecast period.

Key Highlights

Market Size and Forecast, until 2024
Historical Data of Middle East Construction Equipment Market Revenues & Volume for the Period, 2014-2017
Market Size & Forecast of Middle East Construction Equipment Market Revenues & Volume, until 2024
Historical Data of Saudi Arabia, UAE, Qatar, Turkey, Oman and Kuwait Construction Equipment Market Revenues & Volume for the Period, 2014-2017
Market Size & Forecast of Saudi Arabia, UAE, Qatar, Turkey, Oman, and Kuwait Construction Equipment Market Revenues & Volume, until 2024
Historical Data of Saudi Arabia, UAE, Qatar, Turkey, Oman, and Kuwait Construction Equipment Market Revenues, By Applications for the Period, 2014-2017
Market Size & Forecast of Saudi Arabia, UAE, Qatar, Turkey, Oman, and Kuwait Construction Equipment Market Revenues, By Applications, until 2024
Historical Data of Saudi Arabia, UAE, Qatar, Turkey, Oman, and Kuwait Construction Equipment Market Revenues & Volume, By Equipment Types for the Period, 2014-2017
Market Size & Forecast of Saudi Arabia, UAE, Qatar, Turkey, Oman, and Kuwait Construction Equipment Market Revenues & Volume, By Equipment Types, until 2024
Market Drivers and Restraints
Trends and Industry Life Cycle
Porter's Five Force Analysis
Market Opportunity Assessment
Market Share, By Players
Competitive Benchmarking
Company Profiles
Key Strategic Recommendations

Markets Covered

By Types

Mobile Cranes
Construction Tractor and Bulldozer
Earthmoving Equipment

Loaders
Excavators
Motor Grader

Aerial Work Equipment

Articulated Boom Lifts
Telescopic Boom Lifts
Scissor Lifts

Material Handling Equipment

Telescopic Handlers
Forklifts

Dump Trucks
Road Construction Equipment

Pavers
Road Rollers

By Applications

Construction
Oil & Gas
Mining
Others (Municipality, Road Construction)

By Countries

Saudi Arabia
UAE
Qatar
Kuwait
Oman
Turkey
Rest of Middle East (Iraq, Lebanon, Bahrain, Jordan)

Topics Covered

1. Executive Summary

2. Introduction
2.1 Report Description
2.2 Key Highlights of the Report
2.3 Market Scope & Segmentation
2.4 Research Methodology
2.5 Assumptions

3. Middle East Construction Equipment Market Overview
3.1 Middle East Construction Equipment Market Revenues & Volume, 2014-2024F
3.2 Middle East Construction Equipment Market Revenue & Volume Share By Countries, 2017 & 2024F
3.3 Middle East Construction Equipment Market - Industry Life Cycle, 2017
3.4 Middle East Construction Equipment Market - Porter's Five Forces

4. Middle East Construction Equipment Market Dynamics
4.1 Impact Analysis
4.2 Market Drivers
4.3 Market Restraints

5. Middle East Construction Equipment Market Trends

6. Saudi Arabia Construction Equipment Market Overview

7. UAE Construction Equipment Market Overview

8. Qatar Construction Equipment Market Overview

9. Kuwait Construction Equipment Market Overview

10. Oman Construction Equipment Market Overview

11. Turkey Construction Equipment Market Overview

12. Rest of Middle East Construction Equipment Market Overview

13. Middle East Construction Equipment Market Competitive Landscape
13.1 Saudi Arabia Construction Equipment Market Revenue Share, By Company, 2017
13.2 UAE Construction Equipment Market Revenue Share, By Company, 2017
13.3 Qatar Construction Equipment Market Revenue Share, By Company, 2017
13.4 Kuwait Construction Equipment Market Revenue Share, By Company, 2017
13.5 Middle East Construction Equipment Market Competitive Benchmarking, By Products

14. Company Profiles
14.1 Caterpillar Inc.
14.2 Komatsu Middle East FZE [KME]
14.3 Hitachi Construction Machinery Middle East Corporation FZE
14.4 Hyundai Construction Equipment Co. Ltd.
14.5 Volvo Construction Equipment
14.6 J C Bamford Excavators Limited
14.7 Doosan Infracore Co. Ltd.
14.8 Xuzhou Construction Machinery Group Co. Ltd.
14.9 Tadano Ltd.
14.10 Dynapac MEA FZE

15. Strategic Recommendations

For more information about this report visit https://www.researchandmarkets.com/research/l6fcv5/the_construction?w=5

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