QATAR CONSTRUCTION EQUIPMENT MARKET SIZE WAS VALUED AT USD 228.5 MILLION IN 2021 AND IS PROJECTED TO REACH USD 318.5 MILLION BY 2028, GROWING AT A CAGR OF 4.97%.

The Qatar Construction Equipment Market Report includes segments by

  • Type
    • Earthmoving Equipment: Excavator, Backhoe Loaders, Motor Graders, and Other Earthmoving Equipment
    • Road Construction Equipment: Road Rollers and Asphalt Pavers
    • Material Handling Equipment: Crane, Forklift & Telescopic Handlers, and Aerial Platforms (Articulated Boom Lifts, Telescopic Boom Lifts, and Scissor lift)
  • End Users: Construction, Manufacturing, Mining, and Others

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Most Exhaustive Report

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107 Pages

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15 Tables

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62 Charts

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1 Regions

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16 Companies

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QATAR CONSTRUCTION EQUIPMENT MARKET REPORT SCOPE

Report Attribute Details
Market Size (2028) USD 318.5 Million
Market Size (2021) USD 228.5 Million
CAGR (2021-2028) 4.97%
MARKET SIZE (VOLUME) 3,180 Units (2028)
Historic Year 2019-2020
Base Year 2021
Forecast Year 2022-2028
Segments Covered Earthmoving Equipment, Road Construction Equipment, Material Handling Equipment, and End Users
Market Participant Coverage 9 Key Vendors, and 7 Other Prominent Vendors

MARKET INSIGHTS

Qatar construction equipment market was valued at $228.5 million in 2021 and is projected to reach $318 million by 2027 at a CAGR of 4.97%. Qatar construction equipment rental market growth is being driven by FIFA world cup 2022. The growth is driven by Government investment under National Development Plan 2030, an increase in the Oil & gas Industry & investment in solar energy projects.

Government's National Vision 2030 & Shift Towards Sustainable Source of Energy

In 2020, Qatar's GDP declined by 5% due to the poor performance of the construction and hydrocarbon industries. The construction and hydrocarbon industries declined by 3.5% and 16.7%, respectively. The contraction of the hydrocarbon industry severely impacted the country's economy as the industry accounts for ~30% of GDP in 2020. However, Qatar's natural gas production increased by 5% in 2020. The government planned to increase natural gas production to double by 2027. Due to political stress and the war between Russia & Ukraine, Qatar's natural gas industry benefited due to a spike in demand for gas in European countries that were earlier main customers of Russia.

In 2022, the government planned an increase in infrastructure investment to develop roads, airports, highways, and stadiums for the upcoming FIFA World cup event later in 2022. The government planned to invest $7 billion in the national vision 2030. The aggressive investment in the development of roadways & highways is planned in Qatar's Doha, Lusail, & Al Wirrah cities in 2022.

According to the world bank, Qatar's economy is expected to grow by 3-4% in 2022. The country's growth can be hampered in the long run due to over-dependency on the oil & gas industry since oil prices are highly volatile, which directly impacts the industry's performance.

Qatar ranked 68 out of 190 countries in Ease of doing business in 2020. Qatar is one leading exporter of natural gas in the world. In 2022, the government is focusing on increasing natural gas production facilities. The rise in crude oil prices in the global market supports the growth of the oil & gas industry. Qatar's foreign direct investment has been declining over the last three years. The poor FDI inflow was due to a diplomatic crisis with Saudi Arabia, UAE, and Kuwait. The situation got worse due to the global economic crisis triggered by the COVID-19 pandemic. However, the Government's Ease of FDI norms in various sectors, including real estate, healthcare, education, and telecommunication, is expected to attract the FDI inflow in 2022.

Qatar's government is investing in various infrastructure, road, and highway projects. The major projects are the Sharq crossing project in Doha ($12 billion), New Doha Port ($7.4 million), Qatar long-distance Railways Project ($3,456 million), Siraj Al Kharsaah Solar Power Project Al- Sahaniya ($462 million), Al Rayyan Stadium ($600 million), Al Bayt Stadium ($192.3 million) & North Field Extension ($500 million).

National Vision 2030 & World Cup 2022 Triggers the Infrastructure Investments

Qatar is hosting FIFA WORLD CUP 2022 in the last quarter of 2022. The event's hosting prompts the investment in infrastructure developments across the country. The projects for development have been in progress since 2018. Therefore, most stadium construction projects are in the last phase in 2022.

So far, in 2022, the government has invested $8 billion to upgrade infrastructure to host the FIFA event. The investments are primarily focused on constructing stadiums in the Lusail, Al Rayyan, Al Wakrah, and Al Khor regions.

Apart from this, Qatar's government's national development plan 2030 is expected to drive investments in the Construction industry. The government is investing majorly in transport infrastructures for smooth transit. Qatar integrated railways projects cost $40 billion, including the development of urban metro, high-speed passenger railways, and freight lines are under progress in 2022. Ashghal Expressways are another major transport development project whose estimated cost is ~ 20 billion and are under progress in 2022. The project's objective is to develop a motorway to relieve traffic congestion. The project includes the construction of Al Bustan Highways, Orbital Expressway, Al Rayyan- Dukhan road, and Al Khor Coastal Road.

Strong Growth in Oil & Gas Industry & Surge in Investment in Solar energy projects

Qatar's oil & gas industry strongly rebounded in 2021; a surge in crude oil prices in the global market supported the industry's growth. Qatar is one of the leading producers and exporters of oil in the middle eastern region; therefore, a surge in oil prices in the global market is beneficial for a robust economic recovery in 2021.

Qatar has the third-largest natural gas reserve in the world. Qatar's Emir Sheikh Tamin bin Hamad Al-Thani states that country's natural gas production capacity is expected to increase from 77 million tons in 2022 to 126 million tons by 2027.

In 2022, the country's natural gas industry is expected to be benefitted due to the ongoing war between Russia & Ukraine. The political tension between Russia and other European countries such as the US, Canada, UK, Poland & others is expected to have a benefic impact on the growth of the natural gas industry in Qatar. Qatar has an excellent opportunity to grow its presence in a European country in 2022 due to the ongoing political dispute between Russia & European countries. Presently the country has a long-term contract to supply natural gas to Asian countries. However, the present political condition is expected to increase the gas export to the European country in the short term.

The country's environmental condition supports power generation through solar energy. In 2020, Al Kharsaah photovoltaic power project was planned by the government. The project's estimated cost was $462.3 million, with a production capacity of 800MW in Doha city. The project is in progress in 2022 and is expected to complete in the second half of 2022. 

Economic Overreliance on Hydrocarbon Industry & Low FDI inflow Due to Scams & Bureaucracy are the major challenges in Qatar Market.

Qatar's economy is heavily dependent on its hydrocarbon industry. The oil & gas sector has consistently contributed to 80% of the government revenue since 2014 and 90% of Qatar's total exports. Despite government efforts to promote non-hydrocarbon sectors, the country's economy highly relies on the oil & gas industry. In 2020 oil prices decline in the global market adversely impacted the country's oil & gas industry export for the same year.

According to data from Planning & Statistics Authority Qatar, there has been a continuous decline in FDI inflow in Qatar even before the pandemic in 2019. Net FDI inflows to Qatar fell from $986 million to -$2.8 billion by 2019. The disinvestment in Qatar weighs on new investment by foreign investors, which has resulted in negative FDI inflow in the last three years. The divestment trend was accelerated in 2020; the Net FDI inflow declined to -$2.4 billion. The FDI inflows are decreasing in the Qatar market, forcing the government to take various initiatives to allow 100% foreign ownership in most sectors, including health & education.

However, these initiatives did not have a positive impact on FDI inflow. High in scams and bureaucracy, poor government regulation to control unlawful activities hamper FDI inflow. The US commercial service & US Embassy revealed reports of scams directed at US firms in Qatar in 2021.

A surge in Demand for Luffing Jib crane & Carbon Neutral Equipment

Qatar has witnessed strong crane demand in 2021. The demand for cranes is expected to grow sharply due to ongoing infrastructure and development projects for World Cup 2022. High demand was witnessed for luffing jib cranes in 2021. A similar trend in demand is expected due to various mega projects in the pipeline under the national development plan 2030. The luffing jib crane has a large carrying capacity and provides operational flexibility; these are majorly used to construct tall building structures and stadiums in the Qatar market. For instance, Zoomlion sold eight luffing jib cranes to build Lusail National stadium in 2021.

Similarly, JASO sold Luffing tower crane for construction in the Qatar market in 2021.

Adopting carbon-neutral and sustainable processes is expected to trigger the demand for electric and carbon-neutral construction equipment. For instance, in 2022, three of the country's major projects- Doha Metro, Msheireb Downtown, and Lusail City- incorporated sustainable development processes.

KEY HIGHLIGHTS IN THE REPORT

The material handling equipment has the largest share in the Qatar market compared to earthmoving & road construction equipment. Large luffing cranes are the most popular equipment in the market. The demand for large luffing cranes increased in recent times, especially after 2019, due to the development of infrastructure and stadiums for the World cup 2022 event.

Chinese companies such as Zoomlion and XCMG are gaining good market share as these companies are providing large, high-capacity cranes in Qatar. Qatar is import oriented market that imports a significant quantity of equipment from South Korea & China. China is the largest exporter of large cranes in the Qatar market.

The South Korean companies Hyundai Doosan Infracore and Hyundai Construction Equipment recently won the contract to sell excavators in the Qatar market. Earthmoving held the second-largest share in 2021, and demand for hydraulic excavators is growing.

Government's national vision plan 2030 and shift in focus towards renewable energy resources are expected to drive the demand for cranes and mini excavators in the Qatar market.

The manufacturing segment accounted for a 16% of Qatar's GDP in 2020. In 2021, a rise in economic activities and FDI investment positively impacted the industry. The manufacturing industry is expected to have moderate growth. The rise in building material prices and a labor shortage are major issues that can hamper the industry's growth. According to national statistics, Qatar's manufacturing industry is expected to grow by 0.7% and 0.8% in 2022 and 2023. The growth in the manufacturing industry is expected to support the demand for Jib cranes and forklifts in the Qatar market.

VENDOR LANDSCAPE

  • Hyundai Doosan Infracore, Hyundai Construction Equipment, XCMG, Zoomlion & SANY are the market leader and accounts for 42% of the market share.
  • Hyundai Doosan Infracore claims the highest market share of 23% in Qatar. The Chinese manufacturers are gaining market share due to the high demand for large cranes to construct the country's stadium for FIFA World Cup 2022.
  • The prominent vendor is Hyundai Doosan Infracore, Hyundai Construction Equipment, XCMG, SANY, Zoomlion, JCB, Caterpillar, Komatsu, Volvo & Liebherr.
  • Other prominent vendors are Kobelco, Yanmar, Tadano, & Liu Gong.

Frequently Asked Questions

What is the growth rate of the construction equipment market in Qatar?

The growth rate by volume in the Qatar Construction Equipment Market is expected to grow at a CAGR of 4.63% during the forecast period.

Who are the key players in the Qatar construction machinery market?

Hyundai, XCMG, Sany, and Volvo are some of the major players in the industry.

How many units of construction equipment are expected to be sold by 2028 in Qatar?

More than 7000 units to be sold by 2028.

What are the latest trends impacting the growth of the Qatar construction equipment market?

Increased demand for large luffing jib cranes in Qatar, and sustainable processes in the real estate industry is the latest trends.

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Qatar construction equipment market size is projected to reach USD 318.5 million by 2028, growing at a CAGR of 4.97%.

Base Year: 2021

Forecast Year: 2022-2028

The report considers the present scenario of the Qatar construction equipment market and market dynamics for 2022−2028. 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 Qatar construction equipment market.

Key Vendors

  • Hyundai Construction Equipment
  • XCMG
  • Zoomlion
  • Sany
  • Volvo
  • Liebherr
  • JCB
  • Komatsu
  • Caterpillar

Other Prominent Vendors

  • Kobelco
  • Yanmar
  • Tadano
  • Liu Gong

Distributors Profiles

  • Qatar Tractors & Equipment Co.
  • Jaidah Heavy Equipment
  • Qatar Building Co. Heavy Equipment

Segmentation by Earthmoving Equipment:

  • Excavator
  • Backhoe Loaders
  • Motor Graders
  • Other Earthmoving Equipment

Segmentation by Road Construction Equipment

  • Road Rollers
  • Asphalt Pavers

Segmentation by Material Handling Equipment

  • Crane
  • Forklift & Telescopic Handlers
  • Aerial Platforms (Articulated Boom Lifts, Telescopic Boom lifts, Scissor lifts)

Segmentation by End Users

  • Construction
  • Manufacturing
  • Mining
  • Others

Section1 Introduction
• Market Snapshot
• Executive Summary
Section 2 The Market Overview

Economic Scenario, Foreign Direct Investment, Major Infrastructure Projects in Qatar
Section 3 Qatar Construction Equipment (Type & Application)

3.1 Qatar Construction Equipment Market by Type (Volume & Value)
3.1.1. Earth Moving Equipment

  1. Excavator
  2. Backhoe Loader
  3. Motor Grader
  4. Other Earth Moving Equipment (Other Loaders, Bulldozer, Trencher, etc.)

3.1.2. Road Construction Equipment

  1. Asphalt Paver
  2. Road Roller

3.1.3. Material Handling Equipment

  1. Crane
  2. Forklift and Telescopic Handler
  3. Aerial Platform (Articulated Boom lifts, Telescopic Boom lifts, Scissor Lifts, etc)

3.2 Qatar Construction Equipment Market by Application (Volume & Value)

  1. Construction
  2. Mining
  3. Manufacturing
  4. Others (Power Generation and Utilities, Municipal Corporation etc)

Section 4 Market Dynamics

Market Drivers, Restraints, Trends, Key Economic Regions in Qatar, Advantage Qatar, FDI in Qatar, Import/Export Trend Analysis, Supply chain. COVID-19 Impact

Section 5 Technology Development

Advent of Technology

Section 6 Competitive Landscape

  1. Competitive Landscape Overview
  2. Major Vendors (Caterpillar | Volvo Construction Equipment| Komatsu | SANY | Zoomlion | Liebherr | Yanmar | Hyundai Construction Equipment | XCMG | Kobelco| Hyundai Doosan Infracore| Liu Gong| SANY| Tadano)
  3. Other Prominent Vendors
  4. Distributors Profiles

Section 7 Quantitative Summary

Quantitative Summary

Section 8 Report Summary
1. Key Insights

  1. Abbreviations
  2. List of Graphs
  3. List of Tables

Section 9 Report Scope & Definition

  1. Research Methodology
  2. Research Objective
  3. Market Definition, Inclusion & Exclusion

LIST OF EXHIBITS

Graph-1 Qatar Construction Equipment Market by Volume 2019-2028 (Unit Sales)

Graph-2 Construction Equipment Market in Qatar by Type, 2021 (% Volume Share)

Graph-3 Qatar Construction Equipment Market by Volume, 2019-2028 (Unit Sales)

Graph-4 Qatar Construction Equipment Market by Value, 2019-2028 ($ MN)

Graph-5 Qatar Construction Equipment Market by End User, 2021 (%)

Graph-6 Qatar Construction Equipment Market by Type, 2019-2028 (Unit Sales)

Graph-7 Qatar GDP, 2015-2020 ($ BN)

Graph-8 Infrastructure Investments in Qatar 2020 (%)

Graph-9 Foreign Direct Investment, Net Inflow, 2017-2020 ($ BN)

Graph-10 Qatar Construction Equipment Market by Type, 2019-2028 (Unit Sales)

Graph-11 Qatar Construction Equipment Market by Type 2021 (% Volume Share)

Graph-12 Qatar Construction Equipment Market by End User, 2019- 2028 (Unit Sales)

Graph-13 Qatar Earthmoving Equipment Market, 2019–2028 (Unit Sales)

Graph-14 Qatar Earthmoving Equipment Market, 2019–2028 ($ MN)

Graph-15 Qatar Excavator Market, 2019–2028 (Unit Sales)

Graph-16 Qatar Excavator Equipment Market, 2019–2028 ($ MN)

Graph-18 Qatar Backhoe Loader Equipment Market, 2019–2028 ($ MN)

Graph-19 Qatar Motor Grader Market, 2019–2028 (Unit Sales)

Graph-20 Qatar Motor Grader Market, 2019–2028 ($ MN)

Graph-21 Qatar Other Earthmoving Equipment Market, 2019–2028 (Unit Sales)

Graph-22 Qatar Other Earthmoving Equipment Market, 2019–2028 ($ MN)

Graph-23 Qatar Material Handling Equipment Market, 2019–2028 (Unit Sales)

Graph-24 Qatar Material Handling Equipment Market, 2019–2028 ($ MN)

Graph-25 Qatar Crane Market, 2019–2028 (Unit Sales)

Graph-26 Qatar Crane Market, 2019–2028 ($ MN)

Graph-27 Qatar Forklift and Telescopic Handler Market, 2019–2028 (Unit Sales)

Graph-28 Qatar Forklift and Telescopic Handler Market, 2019–2028 ($ MN)

Graph-29 Qatar Aerial Platforms Market, 2019–2028 (Unit Sales)

Graph-30 Qatar Aerial Platforms Market, 2019–2028 ($ MN)

Graph-31 Qatar Road Construction Equipment Market, 2019–2028 (Unit Sales)

Graph-32 Qatar Road Construction Equipment Market, 2019–2028 ($ MN)

Graph-33 Qatar Road Roller Market, 2019–2028 (Unit Sales)

Graph-34 Qatar Road Roller Market, 2019–2028 ($ MN)

Graph-35 Qatar Asphalt Paver Market, 2019–2028 (Unit Sales)

Graph-36 Qatar Asphalt Paver Market, 2019–2028 ($ MN)

Graph-37 Qatar Construction Equipment Market by Construction, 2019–2028 (Unit Sales)

Graph-38 Qatar Construction Equipment Market by Construction, 2019–2028 ($ MN)

Graph-39 Qatar Construction Equipment Market by Manufacturing, 2019–2028 (Unit Sales)

Graph-40 Qatar Construction Equipment Market by Manufacturing, 2019–2028 ($ MN)

Graph-41 Qatar Construction Equipment Market by Mining, 2019–2028 (Unit Sales)

Graph-42 Qatar Construction Equipment Market by Mining, 2019–2028 ($ MN)

Graph-43 Qatar Construction Equipment Market by Others, 2019–2028 (Unit Sales)

Graph-44 Qatar Construction Equipment Market by Others, 2019–2028 ($ MN)

Graph-45 Government Investment in Major Sectors 2021 ($ BN)

Graph-46 Import Value of Construction Equipment 2019 ($ MN)

Graph-47 Export Value of Construction Equipment 2019 ($ MN)

Graph-48 Hyundai Construction Equipment: Revenue (2018–2020) ($BN)

Graph-49 Zoomlion: Revenue (2017-2020) ($BN)

Graph-50 Volvo: Construction Equipment Net Sales, 2016-2020 ($ BN)

Graph-51 Volvo: Share of Net Sales by Market, 2020 (% Share)

Graph-52 Volvo: Share of Net Sales by Segment, 2020 (% Share)

Graph-53 Liebherr: Total Revenue, 2018-2020 (% Share)

Graph-54 Liebherr: Revenue by Region (% Share)

Graph-55 Liebherr: Total Revenue by Product Segment, 2020 (% Share)

Graph-56 Komatsu: Consolidated Net Sales, 2018-2020 ($ BN)

Graph-57 Komatsu: Construction, Mining and Utility Equipment Business, Sales by Region, 2020 (%Share)

Graph-58 Komatsu: Breakdown of Net Sales by Segment, 2020 (% Share)

Graph-59 Caterpillar: Total Revenue 2018-2021 ($ BN)

Graph-60 Caterpillar: Sales by Region, 2020 (% Share)

Graph-61 Caterpillar: Total Revenue by Segment, 2020 (% Share)

Graph-62 Kobelco: Net Sales (2017–2020) ($ BN)

LIST OF TABLES

Table-1 Major Countries Investing 2020 (%)

Table-2 Sectors receiving Major FDI Investments 2020(%)

Table-3 Value of Greenfield Investment in Qatar ($ MN)

Table-4 Qatar Construction Equipment Market by Volume 2019-2028

Table-5 Qatar Construction Equipment by Type 2019-2018

Table-6 Qatar Earth Moving Equipment Market Size & Forecast, By Type (Volume, Units)

Table-7 Qatar Material Handling Equipment Market Size & Forecast, By Type (Volume, Units)

Table-8 Qatar Road Construction Equipment Market Size & Forecast, By Type (Volume, Units)

Table-9 Qatar Construction Equipment Market Size & Forecast, By End User (Units)

Table-10 Qatar Construction Equipment Market by Value 2019-2028

Table-11 Qatar Construction Equipment by Type 2019-2018

Table-12 Qatar Earth Moving Equipment Market Size & Forecast, By Type (Value, $ MN)

Table-13 Qatar Road Construction Equipment Market Size & Forecast, By Type (Value, $ MN)

Table-14 Qatar Material Handling Equipment Market Size & Forecast, By Type (Value, $ MN)

Table-15 Qatar Construction Equipment Market Size & Forecast, By End User

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