PUBLISHED DATE : Dec 2021 | Pages : 85
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GCC Construction Equipment Market Research Report includes segments by Type (Earth Moving Equipment (Excavator, Backhoe Loader, Motor Grader, and Other Earth Moving Equipment), Road Construction Equipment (Asphalt Paver and Road Roller) Material Handling Equipment (Crane, Forklift and Telescopic Handler, Arial Platforms (Articulated Boom Lifts, Telescopic Boom Lifts, Scissor Lifts, etc)), By Application (Construction, Manufacturing, Mining, and Others), and by Countries (Saudi Arabia, UAE, Qatar, and Other GCC Countries)
85 Pages
4 Tables
60 Charts
1 Regions
4 Countries
15 Companies
3 Market Segment
| Report Attribute | Details |
|---|---|
| MARKET SIZE | USD 3722.2 Million (2027) |
| MARKET SIZE (UNIT SHIPMENT) | 99829 units (2027) |
| CAGR (VOLUME) | 7.34% (2021-2027) |
| HISTORIC YEAR | 2018-2019 |
| BASE YEAR | 2020 |
| FORECAST YEAR | 2021-2027 |
| BY TYPE | Earth Moving Equipment (Excavator, Backhoe Loader, Motor Grader, and Other Earth Moving Equipment), Road Construction Equipment (Asphalt Paver and Road Roller), and Material Handling Equipment (Crane, Forklift and Telescopic Handler, Arial Platforms (Articulated Boom Lifts, Telescopic Boom Lifts, Scissor Lifts, etc)) |
| BY APPLICATION | Construction, Manufacturing, Mining, and Others |
| BY COUNTRY | Saudi Arabia, UAE, Qatar, and Other GCC Countries |
| KEY VENDORS | Caterpillar, Komatsu, Liebherr, Hitachi Construction Machinery, Volvo Construction Equipment, Zoomlion Heavy Industry Science and Technology, JCB, Doosan, SANY Group, Kobelco Construction Machinery |
GCC construction equipment market will be valued at USD 3722.2 million by 2027, growing at a CAGR of 7.34% from 2021 to 2027. The GCC construction machinery market is expected to grow significantly during the forecast period owing to the factors such as increased government expenditure on highways, metro, airport construction projects, etc. The government's endeavors like Saudi Vision 2030, UAE Vision 2021, and Dubai Expo 2021 are expected to spike product demand in the market. Saudi Arabia continues to be the biggest market for all sorts of infrastructure projects. The country is planning to spend USD 300 billion on new infrastructure, including massive passenger rail networks and a new airport for Riyadh. The governments of these countries have realized the volatility of the oil and gas sector after the pandemic. They are now diversifying their economy to different sectors like construction, manufacturing, etc. This will positively impact the construction equipment market in GCC.
GCC Construction Equipment Market By Volume (2018-2027)
In Gulf Corporation Council (GCC) countries OEMs distribute their products through their own subsidiaries. For instance, Liebherr sells its products through Liebherr Middle East FZE. Komatsu sees a strong opportunity in automation and remote operation and plans to launch a full-fledged telecommuting system. On the other hand, Liebherr launched several new earthmoving machines and technologies in 2020, including the first telescopic wheel loader, L 509 Tele. With the rise in demand for low carbon emissions in the mining process across the globe, Hitachi Construction Machinery collaborated with ABB to apply digital solutions to the mining process and launched battery-powered excavators that could lower carbon emissions in 2020.
This report is among the few in the market that offers an outlook and opportunity analysis forecast in terms of:
Frequently Asked Questions
How big is the GCC construction equipment market?
GCC construction equipment market size will be valued at USD 3722.2 million and to reach a volume of 99829 units by 2027.
What are the latest technologies in the GCC construction machinery market?
Some of the latest technologies being incorporated into the GCC construction machinery market are payload weighing, smart cranes, drones, telematics, ergonomic controls, electromobility, etc.
Who are the key players in the GCC construction equipment industry?
The key players in the GCC construction equipment industry are Caterpillar, Komatsu, Liebherr, Hitachi Construction Machinery, Volvo Construction Equipment, Zoomlion Heavy Industry Science and Technology, JCB, Doosan, SANY Group, Kobelco Construction Machinery.
What are the factors driving the growth of the GCC construction equipment market?
Focus on affordable housing by GCC countries’ governments and the popularity of modular construction are driving the growth of the GCC construction equipment market.
What are the different types of construction equipment covered in the report?
The different types of construction equipment covered in the report are Earth Moving Equipment (Excavator, Backhoe Loader, Motor Grader, and Other Earth Moving Equipment), Road Construction Equipment (Asphalt Paver and Road Roller), and Material Handling Equipment (Crane, Forklift and Telescopic Handler, Arial Platforms (Articulated Boom Lifts, Telescopic Boom Lifts, Scissor Lifts, etc.))
The COVID-19 pandemic negatively impacted the construction industry in GCC countries but pending projects will pace up during the forecast period driving the demand of the market. The countries are also focusing on diversifying businesses in all sectors because oil industry cannot be solely relied on given the price fluctuations. Also, these nations have made significant budgetary allocations for the development of transportation infrastructure, like airports, rail routes, highways, etc.
Base Year: 2020
Forecast Year: 2021-2027
Scope: The report considers the present scenario of the GCC construction equipment market and market dynamics for the forecast period 2021−2027. It covers a detailed overview of several growth enablers, restraints, and trends in the market. The study includes the volume and value sales with a segment analysis of the GCC construction equipment market.
Major Vendors
Other Prominent Vendors
Segmentation by Moving Equipment
Market Segmentation by Application
Market Segmentation by Countries
Section1 – Introduction
• Market Snapshot
• Executive Summary
Section 2 – The Market Overview
Economic Scenario, Infrastructure construction in the Gulf Cooperation Council (GCC) region, PESTLE Analysis, Government focus on construction projects, Key Economic Regions in GCC, Import/Export Trend Analysis, Supply Chain, COVID-19 Impact
Section 3- Technological Advancements
• Advent of new Technology
Section 4 Market Dynamics
• Market Drivers, Restraints, Trends
Section 5 – GCC Construction Equipment (Type & Application)
5.1 GCC Construction Equipment Market by Type (Volume & Value)
5.1.1. Earth Moving Equipment
5.1.2. Road Construction Equipment
5.1.3. Material Handling Equipment
5.2 GCC Construction Equipment Market by Application (Volume & Value)
Section 6 – Competitive Landscape
Section 7 – Report Summary
Section 8 – Report Scope & Definition
1. Research Methodology
2. Market Definition, Inclusion & Exclusion
Exhibit 1 GCC Construction Equipment Market by Volume 2018-2027 (Unit Sales)
Exhibit 2 GCC Construction Equipment Market by Volume 2018-2027 (Unit Sales)
Exhibit 3 GCC Construction Equipment Market by Value 2018-2027 ($ MN)
Exhibit 4 GCC Construction Equipment by Application 2020 (% volume share)
Exhibit 5 GCC Construction Equipment Market by Type 2020 (% volume share)
Exhibit 6 GDP of GCC Countries 2016-2019 ($ BN)
Exhibit 7 Construction industry contribution to Country’s GDP 2016-2019 (% share)
Exhibit 8 Comparison of Construction Contract Awarded in GCC Countries in 2018-2019
Exhibit 9 Export Value of Construction Equipment 2019 ($ ‘000)
Exhibit 10 Import Value of Construction Equipment 2019 ($ ‘000)
Exhibit 11 Contracts awarded in the GCC ($ BN)
Exhibit 12 FDI Inflow in GCC Countries 2016-2019 ($ BN)
Exhibit 13 Decline in state oil revenues 2020 ($ MN per day)
Exhibit 14 GCC Construction Equipment Market by Type 2018-2027 (Unit Sales)
Exhibit 15 GCC Construction Equipment by Application 2018-2027 (Unit sales)
Exhibit 16 GCC Construction Equipment Market by Countries 2018- 2027 (Unit Sales)
Exhibit 17 GCC Earth Moving Equipment Market 2018–2027 (Unit Sales)
Exhibit 18 GCC Earth Moving Equipment Market 2018–2027 ($ MN)
Exhibit 19 GCC Excavator Market 2018–2027 (Unit Sales)
Exhibit 20 GCC Excavator Market 2018–2027 ($ MN)
Exhibit 21 GCC Backhoe Loader Market 2018–2027 (Unit Sales)
Exhibit 22 GCC Backhoe Loder Market 2018–2027 ($ MN)
Exhibit 23 GCC Motor Grader Market 2018–2027 (Unit Sales)
Exhibit 24 GCC Motor Grader Market 2018–2027 ($ MN)
Exhibit 25 GCC Other Earth Moving Equipment 2018-2027 (Unit Sales)
Exhibit 26 GCC Other Earth Moving Equipment 2018-2027 ($MN)
Exhibit 27 GCC Road Construction Equipment Market 2018-2027 (Unit Sales)
Exhibit 28 GCC Road Construction Equipment Market 2018-2027($MN)
Exhibit 29 GCC Asphalt Paver Market 2018-2027 (Unit Sales)
Exhibit 30 GCC Asphalt Paver Market 2018-2027($ MN)
Exhibit 31 GCC Road Roller Market 2018-2027 (Unit Sales)
Exhibit 32 GCC Road Roller Market 2018-2027 ($ MN)
Exhibit 33 GCC Material Handling Equipment Market 2018-2027 (Unit Sales)
Exhibit 34 GCC Material Handling Equipment Market 2018-2027 ($ MN)
Exhibit 35 GCC Crane Market 2018-2027 (Unit Sales)
Exhibit 36 GCC Crane Market 2018-2027 ($ MN)
Exhibit 37 GCC Forklift & Telescopic Handler Market 2018-2027 (Unit Sales)
Exhibit 38 GCC Forklift & Telescopic Handler Market 2018-2027 ($ MN)
Exhibit 39 GCC Aerial Platform Market 2018-2027 (Unit Sales)
Exhibit 40 GCC Aerial Platform Market 2018-2027 ($ MN)
Exhibit 41 GCC Construction Equipment Market by Construction 2018–2027 (Unit Sales)
Exhibit 42 GCC Construction Equipment Market by Construction 2018–2027 ($ MN)
Exhibit 43 GCC Construction Equipment Market 2018–2027 by Mining (Unit Sales)
Exhibit 44 GCC Construction Equipment Market 2018–2027 by Mining ($ MN)
Exhibit 45 GCC Construction Equipment Market 2018–2027 by Manufacturing (Unit Sales)
Exhibit 46 GCC Construction Equipment Market 2018–2027 by Manufacturing ($ MN)
Exhibit 47 GCC Construction Equipment Market by Others 2018–2027 (Unit Sales)
Exhibit 48 GCC Construction Equipment Market by Others 2018–2027 ($ MN)
Exhibit 49 Saudi Arabia Construction Equipment Market 2018–2027 (Unit Sales)
Exhibit 50 Saudi Arabia Construction Equipment Market 2018–2027 ($ MN)
Exhibit 51 UAE Construction Equipment Market 2018–2027 (Unit Sales)
Exhibit 52 UAE Construction Equipment Market 2018–2027 ($ MN)
Exhibit 53 Qatar Construction Equipment Market 2018–2027 (Unit Sales)
Exhibit 54 Qatar Construction Equipment Market 2018–2027 ($ MN)
Exhibit 55 Other GCC Countries Construction Equipment Market 2018–2027 (Unit Sales)
Exhibit 56 Other GCC Countries Construction Equipment Market 2018–2027 ($ MN)
Exhibit 57 Caterpillar, Total Revenue by Segment 2019 (% share)
Exhibit 58 Komatsu, Total Revenue by Segment 2019 (% share)
Exhibit 59 Hitachi Construction Machinery, Total Revenue by Segment 2019-2020 (% share)
Exhibit 60 JCB, Total Revenue by Segment 2019-2020 (% share)
Table 1 Change in Budgeted Government Expenditures Y-O-Y
Table 2 Infrastructure Construction Project in the GCC region
Table 3 Key Insights
Table 4 Abbreviation
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