Kenya Excavators Market Shipment Analysis
Kenya Excavators Market registered a growth of 37.79% in value shipments in 2021 as compared to 2020 and a decrease of -7.59% CAGR in 2021 over a period of 2017. In Excavators Market Kenya is becoming more competitive as the HHI index in 2021 was 3459 while in 2017 it was 3951. Herfindahl Index measures the competitiveness of exporting countries. The range lies from 0 to 10000, where a lower index number represents a larger number of players or exporting countries in the market while a large index number means less numbers of players or countries exporting in the market.
Kenya has reportedly relied more on imports to meet its growing demand in Excavators Market. India is shifting towards local production to meet its demand as we see the trend is shifting towards reducing imports. The import factor of Excavators Market in 2021 was 6.24 while in 2017 it was 16.17. China, India, Japan, South Korea and United Kingdom (UK) were among the top players of the market in 2021, where China acquired the largest market share of 52.61% with a shipment value of 40.56 million USD in 2022 China also offered the product below the average market price thus having a competitive advantage over others In 2017 China had the largest market share of 59.97% with the shipment value of 49.8 million USD. The country was offering its product with an average price which is higher than the average market price offered in the country. Although China offers its product above the market average price, it remained at the leadership position indicating the brand value it holds in the Kenya Excavators Market in 2017.
Kenya Excavators Market has steadily become one of Africa’s fastest-growing markets due to the major growth factors including improvement of construction & infrastructure environment, implementation of four major development plans to promote the growth of manufacturing, food production & affordable housing which would directly drive the excavator market in Kenya. However, the main challenges faced by the industry include economic slowdown and stringent emissions norms. Additionally, the Kenya market is witnessing a slowdown in the economic activity and it would continue for the first three quarters of the year 2020, due to the outbreak of novel coronavirus pandemic. The excavator market in Kenya is expected to recover during the second half of 2020.
According to 6Wresearch, Kenya Excavators Market size is likely to witness growth during 2020-2026. According to the Kenya Vision 2030 plan, Kenya would make major improvements to roads, railways, seaports and airport facilities in the next 20 years, and infrastructure development is also identified by the Vision 2030 plan as a key growth which would increase the demand for excavators in the region.
Energy, infrastructure and construction, agriculture, and manufacturing are listed as key development areas in the “2030 Vision” of the Kenya government. The process of urbanization in cities such as Nairobi has promoted the development of hotels, tourism, and other industries, which in turn has driven the demand for crawler excavators.
Some of the key players in the Kenya Excavators market are XCMG Construction Machinery Co. Limited, Sany Group, Caterpillar Inc, Komatsu Ltd, and Hitachi Construction Machinery Co, Ltd.
The Kenya Excavators market report thoroughly covers the market by types, power range, applications, end-user, and regions. Kenya's Excavators market outlook report provides an unbiased and detailed analysis of the on-going Kenya Excavators 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.
Key Highlights of the Report
- Kenya Excavators Market Overview
- Kenya Excavators Market Outlook
- Kenya Excavators Market Forecast
- Historical Data of Kenya Excavators Market Revenues and Volumes for the Period 2016-2019.
- Market Size & Forecast of Kenya Excavators Market Revenues and Volumes, Until 2026.
- Historical Data of Kenya Excavators Market Revenues and Volumes, by Types, for the Period 2016-2019.
- Market Size & Forecast of Kenya Excavators Market Revenues and Volumes, by Types, Until 2026.
- Historical Data of Kenya Excavators Market Revenues and Volumes, by Power Range, for the Period 2016-2019.
- Market Size & Forecast of Kenya Excavators Market Revenues and Volumes, by Power Range, Until 2026.
- Historical Data of Kenya Excavators Market Revenues and Volumes, by Applications, for the Period 2016-2019
- Market Size & Forecast of Kenya Excavators Market Revenues and Volumes, by Applications, Until 2026
- Historical Data of Kenya Excavators Market Revenues and Volumes, by End User, for the Period 2016-2019
- Market Size & Forecast of Kenya Excavators Market Revenues and Volumes, by End User, Until 2026
- Historical Data of Kenya Excavators Market Revenues and Volumes, by Regions, for the Period 2016-2019
- Market Size & Forecast of Kenya Excavators Market Revenues and Volumes, by Regions, Until 2026
- Market Drivers and Restraints
- Kenya Excavators Market Trends and Industry Life Cycle
- Porter’s Five Forces Analysis
- Market Opportunity Assessment
- Kenya Excavators Market Share, By Countries
- Kenya Excavators Market Share, By Companies
- Kenya Excavators Market Overview on Competitive Benchmarking
- Company Profiles
- Key Strategic Recommendations
Markets Covered
The Kenya Excavators market report provides a detailed analysis of the following market segments:
- By Types:
- Mini/Compact Excavator
- Crawler Excavator
- Wheeled Excavator
- Other Excavator
- By Power Range:
- 0-300 HP
- 301-500 HP
- 501 & above HP
- By Applications:
- Construction
- Forestry & Agriculture
- Mining
- Others (Municipality, Road Construction)
- By End-User:
- Contractor
- Rental Provider
- Other
Frequently Asked Questions About the Market Study (FAQs):
Yes, we provide customisation as per your requirements. To learn more, feel free to contact us on
sales@6wresearch.com
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1 Executive Summary
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2 Introduction
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2.1 Key Highlights of the Report
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2.2 Report Description
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2.3 Market Scope & Segmentation
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2.4 Research Methodology
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2.5 Assumptions
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3 Kenya Excavators Market Overview
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3.1 Kenya Excavators Market Revenues & Volume (2016-2026)
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3.2 Kenya Excavators Market Industry Life Cycle
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3.3 Kenya Excavators Market Porter’s Five Forces Model
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3.4 Kenya Excavator Market Revenue & Volume Share, By Type, 2019 & 2026F
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3.5 Kenya Excavator Market Revenue & Volume Share, By Power Range, 2019 & 2026F
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3.6 Kenya Excavator Market Revenue & Volume Share, By Applications, 2019 & 2026F
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3.7 Kenya Excavator Market Revenue & Volume Share, By End User, 2019 & 2026F
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3.8 Kenya Excavators Market Revenue Share, By Regions 2019 & 2026F
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4 Kenya Excavators Market Dynamics
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4.1 Impact Analysis
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4.2 Market Drivers
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4.3 Market Restraints
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5 Kenya Excavators Market Trends
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6 Kenya Excavators Market - Distribution Channel Analysis
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7 Kenya Excavators Market - Price Trend Analysis
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8 Kenya Excavators Market Overview, By Types
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8.1 Kenya Excavators Market Revenues, By Mini/Compact Excavator (2016-2026)
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8.2 Kenya Excavators Market Revenues, By Crawler Excavator (2016-2026)
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8.3 Kenya Excavators Market Revenues, By Wheeled Excavator (2016-2026)
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8.4 Kenya Excavators Market Revenues, By Other Excavator (2016-2026)
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9 Kenya Excavators Market Overview, By Power Range
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9.1 Kenya Excavators Market Revenues, By 0-300 HP (2016-2026)
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9.2 Kenya Excavators Market Revenues, By 301-500 HP (2016-2026)
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9.3 Kenya Excavators Market Revenues, By 501 & above HP (2016-2026)
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10 Kenya Excavators Market Overview, By Applications
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10.1 Kenya Excavators Market Revenues, By Construction Application (2016-2026)
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10.2 Kenya Excavators Market Revenues, By Forestry & Agriculture Application (2016-2026)
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10.3 Kenya Excavators Market Revenues, By Mining Application (2016-2026)
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10.4 Kenya Excavators Market Revenues, By Other Applications (2016-2026)
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11 Kenya Excavators Market Overview, By End User
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11.1 Kenya Excavators Market Revenues, By Contractor (2016-2026)
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11.2 Kenya Excavators Market Revenues, By Rental Provider (2016-2026)
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11.3 Kenya Excavators Market Revenues, By Other (2016-2026)
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12 Kenya Excavators Market Overview, By Regions
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13 Kenya Excavators Market - Government Initiatives / Regulations
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14 Kenya Excavators Market - Key Performance Indicators
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15 Kenya Excavators Market Opportunity Assessment
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15.1 Kenya Excavators Market Opportunity Assessment, By Types (2026F)
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15.2 Kenya Excavators Market Opportunity Assessment, By Applications (2026F)
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16 Kenya Excavators Market Competitive Landscape
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16.1 Kenya Excavators Market, By Players’ Revenue Share (2019)
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16.2 Kenya Excavators Market, By Players’ Competitive Benchmarking, By Operating Parameters
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17 Company Profiles
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18 Key Strategic Pointers
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19 Disclaimer
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