Egypt Construction Equipment Market Size & Growth Rate
The Egypt Construction Equipment Market size is projected to grow at a CAGR of 6.4% during 2022–2028, driven by infrastructure investments under Egypt Vision 2030, increased FDI, and the recovery of construction activities post-COVID-19, especially in the central region and tourism-related developments.
Topics Covered in the Egypt Construction Equipment Market
Egypt Construction Equipment Market report comprehensively covers the Egypt construction equipment market by types, applications, and regions. Egypt construction equipment market report provides an unbiased and detailed analysis of the construction equipment market on-going trends, opportunities/high growth areas, market drivers which would help the stakeholders to device and align their market strategies according to the current and future market dynamics.
Egypt Construction Equipment Market Synopsis
Egypt construction equipment market grew significantly before 2020 on account of government expenditure on infrastructure development activities. However, the market declined in 2020 due to the global pandemic which resulted in the cancellation of many large-scale construction projects, thereby affecting the demand for construction equipment negatively. However, the rising government infrastructure spending underpinned by initiatives such as Sustainable Development Vision 2030 coupled with rising FDI, and private sector investment would drive the construction equipment market in Egypt. The spread of the COVID-19 pandemic has resulted in slowdown of the overall economy leading to the temporary halt in many construction projects across the region, thereby impacting the construction equipment market in Egypt. However, the market has regained momentum in 2021 and is expected to grow significantly in the coming years.
According to 6Wresearch, Egypt Construction Equipment market size is projected to grow at a CAGR of 6.4% during 2022-2028. Based on types, the earthmoving equipment has garnered the major market revenue share in Egypt’s construction equipment market owing to its prevalent usage in sectors such as mining, transportation and commercial, where they are extensively used for excavating, lifting heavy weights, and laying railway tracks. However, in terms of volume Forklifts held the largest Egypt construction equipment market share followed by earthmoving equipment segment owing to its maximum use in retail and logistics sector for moving packages from one place to another.
Market by Application Analysis
By application, 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, the rising hotel chains and entertainment areas on account of Egypt Vision 2030 to boost the tourism sector have further escalated the demand for construction equipment in the country. Based on regions, central region of Egypt is anticipated to register fastest growth in the forecast period on the back of many upcoming infrastructure development projects in the region.
Egypt Construction Equipment Industry: Key Players
The construction equipment market in Egypt is highly competitive with both local and international players seeking a share of the market. The key international players in the market include Caterpillar, Liebherr, Volvo, Komatsu, and Hitachi, among others. These companies have a significant presence in the market and provide a wide range of construction equipment. On the other hand, local players in the market include El Sewedy Industries, Electro-Mechanical, and Tiba Group, among others. These companies provide locally manufactured equipment and have managed to gain significant shares of the market. These key players have the most significant role to play in Egypt Construction Equipment Market Growth.
Construction Equipment Market in Egypt: Government Policies
The Egyptian government has put in place various initiatives aimed at promoting growth in the construction equipment market. Some of the initiatives include tax exemptions on imported construction equipment for new construction projects and the provision of incentives for companies engaging in the local manufacturing of construction equipment. The government has also provided infrastructure projects to spur demand and create a conducive environment for the construction industry. The government of the country has been supporting this market with the regulations it has implemented on the market.
Key Attractiveness of the Report
- COVID-19 Impact on the Market.
- 10 Years Market Numbers.
- Historical Data Starting from 2018 to 2021.
- Base Year: 2021
- Forecast Data until 2028.
- Key Performance Indicators Impacting the Market.
- Major Upcoming Developments and Projects.
Key Highlights of the Report:
- Egypt Construction Equipment Market Overview
- Egypt Construction Equipment Market Outlook
- Egypt Construction Equipment Market Forecast
- Egypt Construction Equipment Market Growth
- Historical Data and Forecast of Egypt Construction Equipment Market Revenues for the Period 2018-2028F
- Historical Data and Forecast of Egypt Construction Equipment Market Revenues, By Types for the Period 2018-2028F
- Historical Data and Forecast of Egypt Construction Equipment Market Revenues, By Applications for the Period 2018-2028F
- Historical Data and Forecast of Egypt Construction Equipment Market Revenues, By Regions for the Period 2018-2028F
- Market Drivers and Restraints
- Egypt Construction Equipment Market Trends
- Industry Life Cycle
- Egypt Construction Equipment Market – Porter’s Five Forces
- Market Opportunity Assessment
- Company Shares
- Market Competitive Benchmarking
- Company Profiles
- Key Strategic Recommendations
Market Scope and Segmentation
The report provides a detailed analysis of the following market segments:
By Types
Mobile Crane
Bulldozer / Construction Tractors
Earthmoving Equipments
Loader
Excavator
Motor Grader
Forklift
Dump Truck
Road Construction Equipment
Paver
Road Roller
By Applications
- Oil & Gas
- Construction
- Mining
- Others (Municipality, Road Construction etc.)
By Regions
- North-East Region
- North-West Region
- Central Region
- Southern Region
