Ghana Construction Equipment Market (2020-2026) | Forecast, Industry, Size, Outlook, Value, Growth, COVID-19 IMPACT, Analysis, Share, Trends, Revenue & Companies

Ghana construction equipment market has witnessed growth over the past few years primarily due to technological advancement, growing investment opportunities for companies as well as rising infrastructure development activities in the country. However, Ghana's economy is likely to witness a slowdown during the first three quarters of 2020, due to the outbreak of the Covid-19 pandemic. Though, the economic scenario in Ghana is expected to recover steadily in the next few years and the construction equipment market in Ghana is also likely to recover gradually over the years to come.

According to 6Wresearch, the Ghana Construction Equipment Market size is likely to witness growth during 2020-2026. This growth is primarily attributed to increasing government initiatives towards the development of the country’s infrastructure and transport sector. For instance, the recent expansion work of Kotoka International airport will transform Ghana into an aviation hub in West Africa. Additionally, the government is increasing investment, particularly in the commercial and housing construction sector through public-private partnerships. These initiatives will spur the demand for the construction equipment market in Ghana during the forecast period.

In terms of equipment types, road construction and earthmoving equipment dominate the overall Ghana construction equipment market mainly due to increasing development activities in the commercial sector. Further, the commercial segment is the highest revenue contributing application in the country.

The Ghana construction equipment market report thoroughly covers the market by equipment types, equipment sub-segment types, applications, and regions. Ghana construction equipment market outlook report provides an unbiased and detailed analysis of the on-going Ghana 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.

Ghana construction equipment market is anticipated to witness progressive growth during the forecast period 2020-26F on the back of the potential growth of the tourism sector backed by a rise in the demand for infrastructure development such as hotels, restaurants, and airports which are highly requiring construction equipment and hold massive sales revenues, in the market. Additionally, rising logistic work coupled with an increase in equipment like forklift machine which helps to load and unload the cargo and ensuring smooth and safe traveling of goods from one place to another and would proliferate the growth of the Ghana construction equipment market in the coming years.

Ghana with rising use of metal sand minerals like bauxite and iron domestically. where construction equipment such as motor graders, wheel loaders, and backhoe loaders are highly in demand that makes the whole extraction process easy. As a result, is ex[ected to strengthen construction equipment demand in the country. Further, the enhanced agriculture sector stimulates farmers to use construction equipment like tractors and ensure efficient farming with maximum output and is estimated to achieve optimal growth of the Ghana construction equipment market in the coming years.

Ghana Construction Equipment Market is projected to register sound revenues during the forecast period 2021-27F backed by the rising potential growth of the mining sector where construction equipment like excavator is estimated to secure lucrative opportunities due to it versatile performance like it dig out soil that tends to extract required material easily and efficiently and is estimated to propel significant demand for excavators and that would benefit in strengthening the construction equipment demand in the coming timeframe. Further, the Real estate sector is also experiencing steady growth by developing roads, airports, and affordable houses are estimated to boost the progressive growth of the Ghana Construction Equipment Market in the upcoming six years.

Ghana construction equipment market is projected to secure tremendous growth throughout the forecast period 2020-26F backed by the rising growth of the retail sector in the country. The rising middle east population coupled with increasing discretionary spending on consumer goods is leading to an increase in the expansion of the retail stores’ setups with the rising population growth and is expected to contribute towards the growth of the construction equipment in the market. The increase in urbanization has led to increasing the development of housing and is estimated to act as a catalyst for the growth of the ghana construction equipment market in the coming years.

Key Highlights of the Report

• Ghana Construction Equipment Market Overview
• Ghana Construction Equipment Market Outlook
• Ghana Construction Equipment Market Forecast
• Historical Data of Ghana Construction Equipment Market Revenues and Volumes for the Period 2016-2019.
• Market Size & Forecast of Ghana Construction Equipment Market Revenues and Volumes, Until 2026.
• Historical Data of Ghana Cranes Market for the Period 2016-2019.
• Market Size & Forecast of Ghana Cranes Market, Until 2026.
• Historical Data of Ghana Bull Dozers & Construction Tractors Market for the Period 2016-2019.
• Market Size & Forecast of Ghana Bull Dozers & Construction Tractors Market, Until 2026.
• Historical Data of Ghana Earth Moving Equipment Market for the Period 2016-2019.
• Market Size & Forecast of Ghana Earthmoving Equipment Market, Until 2026.
• Historical Data of Ghana Material Handling Market for the Period 2016-2019.
• Market Size & Forecast of Ghana Material Handling Market, Until 2026.
• Historical Data of Ghana Dump Trucks Market for the Period 2016-2019.
• Market Size & Forecast of Ghana Dump Trucks Market, Until 2026.
• Historical Data of Ghana Aerial Work Platform Market for the Period 2016-2019.
• Market Size & Forecast of Ghana Aerial Work Platform Market, Until 2026.
• Historical Data of Ghana Road Construction Equipment Market for the Period 2016-2019.
• Market Size & Forecast of Ghana Road Construction Equipment Market, Until 2026.
• Historical Data of Ghana Construction Equipment Market Revenues and Volumes, by Applications, for the Period 2016-2019
• Market Size & Forecast of Ghana Construction Equipment Market Revenues and Volumes, by Applications, Until 2026
• Historical Data of Ghana Construction Equipment Market Revenues and Volumes, by Regions, for the Period 2016-2019
• Market Size & Forecast of Ghana Construction Equipment Market Revenues and Volumes, by Regions, Until 2026
• Market Drivers and Restraints
• Ghana Construction Equipment Market Trends and Industry Life Cycle
• Porter’s Five Forces Analysis
• Market Opportunity Assessment
• Ghana Construction Equipment Market Share, By Countries
• Ghana Construction Equipment Market Share, By Companies
• Ghana Construction Equipment Market Overview on Competitive Benchmarking
• Company Profiles
• Key Strategic Recommendations

Markets Covered

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

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

Frequently Asked Questions About the Market Study (FAQs):