UAE Construction Equipment Market (2020-2026) | Size, Share, Trends, Growth, Revenue, value, industry, Outlook & COVID-19 IMPACT

Latest 2023 Development of the UAE Construction Equipment Market

UAE Construction Equipment Market is predicted to experience steady growth through government investments in infrastructure development, expansion of the tourism sector, and increasing demand for residential and commercial properties. Moreover, the market has come across several latest developments in recent years. For instance, the iconic Dubai Creek Tower became the tallest in the world. The construction of the tower required the use of advanced construction equipment and modern techniques. Additionally, the Dubai Harbour project involves the construction of a cruise terminal, a new marina, and other facilities which required a range of construction equipment such as cranes, excavators, and loaders.

In addition, the UAE government has announced plans to invest heavily in infrastructure development over the coming years which includes the construction of bridges, new roads, and other infrastructure. The construction equipment market in the UAE is primarily driven by rapid urbanization which has led to the construction of new buildings, bridges, roads, and flyovers. Furthermore, the government has undertaken several infrastructure development projects, such as the expansion of airports, the construction of new highways, and the development of tourist attractions, which has increased the demand for the construction equipment industry in the UAE. The UAE is a popular tourist destination and the growing tourism industry has resulted in the development of resorts, hotels, shopping malls, and entertainment accommodations. This factor has boosted the demand for construction equipment in UAE. 

UAE Construction Equipment Market Synopsis

UAE construction equipment market report thoroughly covers the market by equipment types, equipment sub-segment types, applications, and countries including Abu Dhabi, Dubai, and the Other Emirates. The UAE construction equipment market outlook report provides an unbiased and detailed analysis of the ongoing UAE 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.

UAE construction equipment market has witnessed substantial growth over the past few years primarily driven by the growing construction industry backed by strengthening commercial, hospitality, and residential sectors as well as government initiatives towards development projects in the country. 

According to 6Wresearch, the UAE construction equipment market size is likely to witness growth during 2020-2026. This growth is mainly due to the growing construction sector as well as government initiatives toward rising infrastructure spending for World Expo 2020. Additionally, increasing construction projects in the commercial and residential verticals along with developing the hospitality sector would further fuel the demand for the construction equipment market in UAE during the forecast period.

The UAE construction equipment market is expected to witness potential growth in the upcoming six years on the back of the rising growth of varied industries such as the oil & gas, tourism, public & administration, healthcare, and mining industry. Additionally, rising private sector investment especially in the renewable energy generation process in order to minimize the use of fossil fuels and reduce environmental degradation coupled with modernization in the transportation domain due to technical advancement which is anticipated to augment the demand for construction equipment and would boost the substantial growth of the UAE construction equipment market in the foreseeable future.

UAE construction equipment market is projected to gain traction throughout the forecast period 2020-26F backed by the rising substantial growth of the retail sector in the country. Multiple factors are likely to strengthen the industry growth such as growing tourist influx, growing expatriate population, and upcoming projects like Tilal mall, Reem Mall, and city land village. All these aforementioned projects are estimated to expand retail store set up and are expected to proliferate the demand for construction equipment such as scissor lifts and boom lifts and are expected to benefit the growth of the UAE construction equipment market in the coming timeframe.

Market Analysis by Region

In the UAE, Dubai dominates the overall UAE construction equipment market share followed by Abu Dhabi and other Emirates. Additionally, the residential, hospitality, and transportation sectors lead the overall UAE construction equipment market revenues followed by the oil & gas and industrial sectors. Further, based on equipment types, earthmoving equipment is registering substantial growth in UAE primarily due to the rising number of public-private partnerships for construction projects.

COVID-19 Impact on UAE Construction Equipment Market

The outburst of the coronavirus pandemic has declined the growth of the market owing to various restrictions imposed by the government of the market. The lockdown imposed by the government of the country led to a disruption in the supply chain of construction equipment. Moreover, shutting down production and manufacturing units have declined the growth of the market. 

Key Players in the Market

Some of the key players in the market are:

• Caterpillar
• Komatsu
• Volvo Construction Equipment
• JCB
• Xuzhou Construction Machinery Group Co. Ltd. (XCMG)
• SANY
• Kobelco
• Zoomlion Heavy Industry Science & Technology Co. Ltd
• Hitachi Construction machinery
• Liebherr

Key Highlights of the Report

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

Markets Covered

The UAE 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, Road Construction)

By Regions:

• Abu Dhabi
• Dubai
• Other Emirates

UAE Construction Equipment Market: FAQs