GCC Construction Equipment Market (2024-2030) | Share, Size, Industry, Growth, Companies, Revenue, Trends, Value, Outlook, Forecast & Analysis

Market Forecast By By Types (Mobile Cranes, Construction Tractors And Bulldozers, Earthmoving Equipment, Aerial Work Equipment, Material Handling Equipment, Dump Trucks, Road Construction Equipment), By Applications (Corporate Enterprise, Oil And Gas, Mining, Others (Municipality And Road Construction)), By Countries (Saudi Arabia, UAE, Qatar, Kuwait, Oman, Bahrain) And Competitive Landscape

Product Code: ETC000630 Publication Date: Dec 2023 Updated Date: Jan 2024 Product Type: Report
Publisher: 6Wresearch No. of Pages: 70 No. of Figures: 35 No. of Tables: 5

Topics Covered in GCC Construction Equipment Market Report

The GCC construction equipment market report thoroughly covers the market by types, applications and countries. GCC construction equipment market outlook report provides an unbiased and detailed analysis of the ongoing GCC construction equipment market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.

GCC Construction Equipment Market Synopsis

GCC construction equipment market is projected to gain traction in the coming six years on the back of the rising expansion of construction projects across the region such as Smart metering projects, Urban space development projects, Develop MAG eye residential projects, and water transmission system packages. These projects are estimated to bolster the significant demand for construction equipment and is likely to bring in lucrative opportunity for investors and would benefit the GCC construction equipment market growth in the upcoming six years.

According to 6Wresearch, the GCC Construction Equipment Market size is anticipated to rise at a CAGR of 3.8% during 2024-2030. The expanding construction market in the GCC region is one of the main drivers of its significant growth. Large investments in infrastructure as well as real estate projects have resulted in a rise in demand for construction equipment. Moreover, the evolution of mega-projects such as metro systems, entertainment cities, and energy facilities has also triggered a major demand for specialized heavy equipment. The rising urbanization trend in this region has stimulated the demand for construction equipment. The development of smart cities is a key trend that has been incorporated into urbanization efforts. This has resulted in a rise in demand for technologies like Building Information Modelling (BIM), which is driving the market for construction equipment.

The construction equipment market in GCC faces several challenges that affect the growth of the construction equipment market. The high costs of construction equipment are a significant challenge, and this can negatively impact the profitability of construction companies. In addition, the demand for skilled workers and operational challenges with construction equipment are other factors that affect the growth of the market. Furthermore, the volatility of oil prices in the GCC is another challenge confronted by the construction market. Oil prices have a key impact on the continent’s economy, including the construction industry, as well as consequently, and this affects the demand for construction equipment.

Construction Equipment Market in GCC: Key Players

The GCC construction equipment market is highly fragmented owing to the presence of a number of small and large players. Some of the key players in this market are Hitachi Construction Machinery, Caterpillar Inc., JCB, and Volvo Construction Equipment. These players have a wide range of technology-enabled construction equipment and are investing in research and development to expand their offerings. Moreover, partnerships, mergers, and acquisitions are common strategies adopted by key players in the construction equipment market to expand their regional presence and offer a wider range of equipment. For instance, in 2019, JCB announced its partnership with Digdaya Bhakti to enlarge its presence in the Indonesian market.

GCC Construction Equipment Industry: Government Initiatives

Governments across the region are taking numerous initiatives in order to drive the growth of the construction equipment market. The Vision 2030 initiative in Saudi Arabia proposes to develop the infrastructure as well as create a conducive environment for businesses. Further, the governments in are heavily investing in developing smart cities, ports, and industrial zones, which will trigger demand for construction equipment. The UAE government is focusing and investing in technology and innovation in order to drive the construction market's growth. The adoption of BIM technology in the construction industry is also gaining momentum in the UAE, which will drive the growth of the construction equipment market.

Market Segmentation by Types

According to Ravi Bhandari, Research Head, 6Wresearch, the earthmoving equipment segment held the majority revenue share followed by mobile cranes and dump trucks. Earthmoving equipment is largely deployed across the construction as well as mining sectors.

Market Segmentation by Countries

In the GCC construction equipment industry, Saudi Arabia held the highest revenue share, however, the market growth is exhibited to remain sluggish. On the contrary, countries such as UAE and Qatar are expected to register growth on account of the upcoming World Expo in Dubai 2020 and the FIFA World Cup in Qatar in 2022.

Key Attractiveness of the Report

  • 10 Years Market Numbers.
  • Historical Data Starting from 2020 to 2023.
  • Base Year: 2023
  • Forecast Data until 2030.
  • Key Performance Indicators Impacting the Market.
  • Major Upcoming Developments and Projects.

Key Highlights of the Report:

  • GCC Construction Equipment Market Outlook
  • Market Size of GCC Construction Equipment Market, 2023
  • Forecast of GCC Construction Equipment Market, 2030
  • Historical Data and Forecast of GCC Construction Equipment Market Revenues & Volume for the Period 2020 - 2030
  • GCC Construction Equipment Market Trend Evolution
  • GCC Construction Equipment Market Drivers and Challenges
  • GCC Construction Equipment Price Trends
  • GCC Construction Equipment Porter's Five Forces
  • GCC Construction Equipment Industry Life Cycle
  • Historical Data and Forecast of GCC Construction Equipment Market Revenues and volume by Type for the Period 2020 - 2030
  • Historical Data and Forecast of GCC Construction Equipment Market Revenues and Volume by Cranes for the Period 2020 - 2030
  • Historical Data and Forecast of GCC Construction Equipment Market Revenues and volume by Construction Tractor and Bulldozer for the Period 2020 - 2030
  • Historical Data and Forecast of GCC Construction Equipment Market Revenues and volume by Earthmoving Equipment for the Period 2020 - 2030
  • Historical Data and Forecast of GCC Construction Equipment Market Revenues and volume by Aerial Work Equipment for the Period 2020 - 2030
  • Historical Data and Forecast of GCC Construction Equipment Market Revenues and volume by Material Handling Equipment for the Period 2020 - 2030
  • Historical Data and Forecast of GCC Construction Equipment Market Revenues and volume by Dump Trucks for the Period 2020 - 2030
  • Historical Data and Forecast of GCC Construction Equipment Market Revenues and volume by Road Construction Equipment for the Period 2020 - 2030
  • Historical Data and Forecast of GCC Construction Equipment Market Revenues and volume by Application for the Period 2020 - 2030
  • Historical Data and Forecast of GCC Construction Equipment Market Revenues and volume by Corporate Enterprise for the Period 2020 - 2030
  • Historical Data and Forecast of GCC Construction Equipment Market Revenues and volume by Oil and Gas for the Period 2020 - 2030
  • Historical Data and Forecast of GCC Construction Equipment Market Revenues and volume by Mining for the Period 2020 - 2030
  • Historical Data and Forecast of GCC Construction Equipment Market Revenues and volume by Others for the Period 2020 - 2030
  • Historical Data and Forecast of GCC Construction Equipment Market Revenues and volume by Countries for the Period 2020 - 2030
  • Historical Data and Forecast of GCC Construction Equipment Market Revenues and volume by Saudi Arabia for the Period 2020 - 2030
  • Historical Data and Forecast of GCC Construction Equipment Market Revenues and volume by UAE for the Period 2020 - 2030
  • Historical Data and Forecast of GCC Construction Equipment Market Revenues and volume by Qatar for the Period 2020 - 2030
  • Historical Data and Forecast of GCC Construction Equipment Market Revenues and volume by Kuwait for the Period 2020 - 2030
  • Historical Data and Forecast of GCC Construction Equipment Market Revenues and volume by Oman for the Period 2020 - 2030
  • Historical Data and Forecast of GCC Construction Equipment Market Revenues and volume by Bahrain for the Period 2020 - 2030
  • GCC Construction Equipment Import Export Trade Statistics
  • Market Opportunity Assessment By Type
  • Market Opportunity Assessment By Application
  • Market Opportunity Assessment By Countries
  • GCC Construction Equipment Top Companies Market Share
  • GCC Construction Equipment Competitive Benchmarking By Technical and Operational Parameters
  • GCC Construction Equipment Company Profiles
  • GCC Construction Equipment Key Strategic Recommendation

Market Scope and Segmentation

The report provides a detailed analysis of the following market segments:

By Types:

  • Mobile Cranes
  • Construction Tractor and Bulldozer
  • Earthmoving Equipment
  • Aerial Work Equipment
  • Material Handling Equipment
  • Dump Trucks
  • Road Construction Equipment

By Applications:

  • Corporate Enterprise
  • Oil and Gas
  • Mining
  • Others (Municipality and Road Construction)

By Countries:

  • Saudi Arabia
  • UAE
  • Qatar
  • Kuwait
  • Oman
  • Bahrain
GCC Construction Equipment Market (2024-2030): FAQ
The GCC Construction Equipment Market size is anticipated to rise at a CAGR of 3.8% during 2024-2030.
GCC construction equipment market is projected to gain traction in the coming six years on the back of the rising expansion of construction projects across the region such as Smart metering projects, Urban space development projects, Develop MAG eye residential projects, and water transmission system packages.
Some of the key players in this market are Hitachi Construction Machinery, Caterpillar Inc., JCB, and Volvo Construction Equipment.
In the GCC construction equipment industry, Saudi Arabia held the highest revenue share,
Yes, we provide customisation as per your requirements. To learn more, feel free to contact us on sales@6wresearch.com
1 Executive Summary
2 Introduction
2.1 Key Highlights of the Report
2.2 Report Description
2.3 Market Scope & Segmentation
2.4 Research Methodology
2.5 Assumptions
3 GCC Construction Equipment Market  Overview
3.1 GCC Macro Economic Indicators
3.2 GCC Construction Equipment Market   Revenues & Volume, 2020 & 2030F
3.3 GCC Construction Equipment Market  - Industry Life Cycle
3.4 GCC Construction Equipment Market  - Porter's Five Forces
3.5 GCC Construction Equipment Market   Revenues & Volume Share, By Type, 2020 & 2030F
3.6 GCC Construction Equipment Market   Revenues & Volume Share, By Application, 2020 & 2030F
3.7 GCC Construction Equipment Market   Revenues & Volume Share, By Countries, 2020 & 2030F
4 GCC Construction Equipment Market  Dynamics
4.1 Impact Analysis
4.2 Market Drivers
4.3 Market Restraints
5 GCC Construction Equipment Market  Trends
6. GCC Construction Equipment Market  , By Type
6.1 GCC Construction Equipment Market  Revenues & Volume, By  Cranes  2020 - 2030F
6.2 GCC Construction Equipment Market  Revenues & Volume, By Construction Tractor and Bulldozer, 2020 - 2030F
6.3 GCC Construction Equipment Market  Revenues & Volume, By Earthmoving Equipment, 2020 - 2030F
6.4 GCC Construction Equipment Market  Revenues & Volume, By Aerial Work Equipment, 2020 - 2030F
6.5 GCC Construction Equipment Market  Revenues & Volume, By Material Handling Equipment, 2020 - 2030F
6.6 GCC Construction Equipment Market  Revenues & Volume, By Dump Trucks, 2020 - 2030F
6.7 GCC Construction Equipment Market  Revenues & Volume, By Road Construction Equipment, 2020 - 2030F
7 GCC Construction Equipment Market  , By Application
7.1  GCC Construction Equipment Market  Revenues & Volume, By Construction, 2020 - 2030F
7.2 GCC Construction Equipment Market  Revenues & Volume, By Oil and Gas ,  2020 - 2030F
7.3 GCC Construction Equipment Market  Revenues & Volume, By Mining ,  2020 - 2030F
7.4 GCC Construction Equipment Market  Revenues & Volume, By Others, 2020 - 2030F
8 GCC Construction Equipment Market  , By Countries
8.1  GCC Construction Equipment Market  Revenues & Volume, By Saudi Arabia, 2020 - 2030F
8.2 GCC Construction Equipment Market  Revenues & Volume, By UAE,  2020 - 2030F
8.3 GCC Construction Equipment Market  Revenues & Volume, By Qatar, 2020 - 2030F
8.4 GCC Construction Equipment Market  Revenues & Volume, By Kuwait, 2020 - 2030F
8.5 GCC Construction Equipment Market  Revenues & Volume, By Oman 2020 - 2030F
8.6 GCC Construction Equipment Market  Revenues & Volume, By Bahrain, 2020 - 2030F
9  GCC Construction Equipment Market   Import-Export Trade Statistics
9.1 GCC Construction Equipment Market   Export to Major Countries
9.2 GCC Construction Equipment Market   Imports from Major Countries
10 GCC Construction Equipment Market  Key Performance Indicators
11 GCC Construction Equipment Market  - Opportunity Assessment
11.1 GCC Construction Equipment Market  Opportunity Assessment, By Type, 2030
11.2 GCC Construction Equipment Market  Opportunity Assessment, By Application, 2030
11.3 GCC Construction Equipment Market  Opportunity Assessment, By Countries, 2030
12 GCC Construction Equipment Market  - Competitive Landscape
12.1 GCC Construction Equipment Market  Revenue Share, By Companies, 2023
12.2 GCC Construction Equipment Market  Competitive Benchmarking, By Operating and Technical Parameters
13 Company Profiles
14 Recommendations
15 Disclaimer

GCC Construction Equipment Market (2016-2022)

Southeast Asia Construction Equipment Market (2016-2022): Market Forecast by Equipment Types (Motor Graders, Earthmoving Equipment (Loader, Motor Grader, Crawler Dozer, and Excavator) and Dump Trucks), Applications (Construction, Mining & Quarrying and Utilities) and Countries (Indonesia, Malaysia, Thailand, Philippines, Vietnam, and Others)

Iran Construction Equipment Market (2016-2022): Market Forecast by Equipment Types (Excavators, Loaders (Backhoe Loader and Skid Steer Loader), Cranes (Tower Cranes and Mobile Cranes), Bulldozers and Motor Grader), Applications (Excavation & Demolition, Heavy Lifting, and Recycling & Waste Management), Industries (Construction Industry, Mining Industry, and Oil & Gas industry) and Regions (Northern, Southern, Eastern, Western and Central)

India Construction Equipment Market (2016-2022): Market Forecast by Equipment Types (Material Handling Equipment, Earthmoving Equipment, Concrete Equipment, and Construction Vehicle), Applications (Construction and Mining & Quarrying), Rental Equipment Market and Regions (North, South, East, West, Central, and North-East)

Saudi Arabia Construction Equipment Market (2015-2021): Market Forecast By Equipment Types (Crane, Construction Tractors, Excavators, Motor Graders, Loaders, Telescopic Handlers, and Others), Applications (Energy, Construction and Metal & Mining), and Regions (Southern, Eastern, Western and Central)

Saudi Arabia Earthmoving Equipment Rental Market (2015-2021): Market Forecast By Earthmoving Equipment Types (Excavators, Loaders and Construction Tractors), Applications (Agriculture, Construction and Mining) and Regions (Southern, Eastern, Western and Central)

Saudi Arabia Earth Moving Equipment Market (2015-2021): Earth Moving Equipment Types (Excavators, Loaders and Construction Tractors), Applications (Agriculture, Construction and Mining), and Regions (Southern, Eastern, Western and Central)

 

By Equipment Types (Motor Grader, Earthmoving (Loader, Motor Grader, Crawler Dozer, and Excavator) and Dump Trucks), Applications (Construction, Mining & Quarrying and Utilities) and Countries (Saudi Arabia, UAE, Qatar, Kuwait, Oman, and Bahrain)

Product Code: ETC000630 Publication Date: Jul 2019 Product Type: Report
Publisher: 6Wresearch No. of Pages: 334 No. of Figures: 237 No. of Tables: 15

Government spending to expand the existing infrastructures combined with new projects and budding utility projects in countries such as Qatar, Saudi Arabia, and UAE have resulted in the demand for construction equipment in the GCC region. Additionally, investments in the utility sector have driven the demand for new construction equipment in recent years.

According to 6Wresearch, the GCC construction equipment market is anticipated to grow at a CAGR of 1.6% from 2016 to 2022. During 2015-17, the market for construction equipment is expected to remain affected due to lower government spending due to declining oil revenues. However, post-2017, the market would register improvement due to the expected recovery of oil prices and initiatives taken by the various governments to diversify the economies.

Amongst all construction equipment segments, the earthmoving equipment segment held the majority revenue share followed by mobile cranes and dump trucks. Earthmoving equipment is largely deployed across construction as well as mining sectors.

In the overall GCC construction equipment market, Saudi Arabia held the highest revenue share, however, the market growth is exhibited to remain sluggish. On the contrary, countries such as UAE and Qatar are expected to register growth on account of the upcoming World Expo in Dubai 2020 and the FIFA World Cup in Qatar in 2022.

The report thoroughly covers the market by construction equipment types, by applications, and by regions. The report provides an unbiased and detailed analysis of the ongoing trends, opportunities/ high growth areas, market drivers, which would help stakeholders to devise and align market strategies according to current and future market dynamics.

GCC construction equipment market is projected to gain traction in the coming six years on the back of the rising expansion of the construction projects across the region such as Smart metering project, Urban space development project, Develop MAG eye residential project, and water transmission system package all these are estimated to bolster the significant demand for construction equipment and is likely to bring in lucrative opportunity for the yo be investors and would benefit the growth of the GCC construction equipment market in the upcoming six years.

Key Highlights of the Report

• Historical data & Forecast of GCC Construction Equipment Market Revenue & Volume for the Period 2010-2022.
• Historical data & Forecast of Saudi Arabia Construction Equipment Market Revenues & Volume, By Types,
   Applications & Regions for the period 2010-2022.
• Historical data & Forecast of UAE Construction Equipment Market Revenues & Volume, By Types,
   Applications & Regions for the period 2010-2022.
• Historical data & Forecast of Qatar Construction Equipment Market Revenues & Volume, By Types,
   Applications & Regions for the period 2010-2022.
• Historical data & Forecast of Kuwait Construction Equipment Market Revenues & Volume, By Types,
   Applications & Regions for the period 2010-2022.
• Historical data & Forecast of Oman Construction Equipment Market Revenues & Volume, By Types,
   Applications & Regions for the period 2010-2022.
• Historical data & Forecast of Bahrain Construction Equipment Market Revenues & Volume, By Types,
   Applications & Regions for the period 2010-2022.
• Market Drivers and Restraints.
• Players Market Share and Competitive Landscape.

Markets Covered:

The report includes the following segments:

• By Construction Equipment Types:
    o Cranes
    o Earthmoving Equipment:
          • Loader
          •Motor Grader
          •Crawler Dozer
          •Excavator
    o Dump Trucks

• By Applications:
    o Construction
    o Mining & Quarrying
    o Utilities

• By Countries:
    o Saudi Arabia
    o UAE
    o Qatar
    o Kuwait
    o Oman
    o Bahrain

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