Market Forecast By Types (Cranes (Mobile Cranes, Crawler Cranes, Tower Cranes), Earthmoving Equipment(Loaders, Excavators, Motor Grader)), Aerial Work Equipment (Articulated Boom Lifts, Telescopic Boom Lifts, Scissor Lifts), Material Handling Equipment (Telescopic Handlers, Forklifts), Road Construction Equipment (Pavers, Road Rollers), Dump Trucks, Construction Tractor and Bulldozer), By Applications (Construction, Oil & Gas, Mining), By Regions (Abu Dhabi, Dubai & Other Emirates)and competitive landscape
Product Code: ETC001923 | Publication Date: Mar 2023 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 |
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 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.
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.
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.
Some of the key players in the market are:
The UAE construction equipment market report provides a detailed analysis of the following market segments:
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 UAE Construction Equipment Market Overview |
3.1 UAE Construction Equipment Market Revenues & Volume (2016-2026) |
3.2 UAE Construction Equipment Market Industry Life Cycle |
3.3 UAE Construction Equipment Market Porter’s Five Forces Model |
3.4 UAE Construction Equipment Market Revenue and Volume Share, By Equipment Types (2019 & 2026) |
3.5 UAE Construction Equipment Market Revenue Share, By Applications (2019 & 2026) |
3.6 UAE Construction Equipment Market Revenue Share, By Regions (2019 & 2026) |
4 UAE Construction Equipment Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 UAE Construction Equipment Market Trends |
6 UAE Construction Equipment Market - Distribution Channel Analysis |
7 UAE Construction Equipment Market - Price Trend Analysis |
8 UAE Cranes Market Overview |
8.1 UAE Cranes Market Revenues & Volume (2016-2026) |
8.2 UAE Cranes Market Revenues & Volume Share, By Types (2019 & 2026) |
8.2.1 UAE Mobile Cranes Market Revenues & Volume (2016-2026) |
8.2.2 UAE Crawler Cranes Market Revenues & Volume (2016-2026) |
8.2.3 UAE Tower Cranes Market Revenues & Volume (2016-2026) |
9 UAE Construction Tractors & Bulldozers Market Overview |
9.1 UAE Construction Tractors & Bulldozers Market Revenues & Volume (2016-2026) |
10 UAE Earth Moving Equipment Market Overview |
10.1 UAE Earth Moving Equipment Market Revenues & Volume (2016-2026) |
10.2 UAE Earth Moving Equipment Market Revenues & Volume Share, By Types (2019 & 2026) |
10.2.1 UAE Loaders Market Revenues & Volume (2016-2026) |
10.2.2 UAE Loaders Market Revenues & Volume Share, By Types (2019 & 2026) |
10.2.2.1 UAE Wheeled Loaders Market Revenues & Volume (2016-2026) |
10.2.2.2 UAE Skid Steer Loaders Market Revenues & Volume (2016-2026) |
10.2.2.3 UAE Backhoe Loaders Market Revenues & Volume (2016-2026) |
10.2.2.4 UAE Compact Track Loaders Market Revenues & Volume (2016-2026) |
10.2.3 UAE Excavators Market Revenues & Volume (2016-2026) |
10.2.4 UAE Excavators Market Revenues & Volume Share, By Types (2019 & 2026) |
10.2.4.1 UAE Tracked Excavators Market Revenues & Volume (2016-2026) |
10.2.4.2 UAE Mini Excavators Market Revenues & Volume (2016-2026) |
10.2.4.3 UAE Wheeled Excavators Market Revenues & Volume (2016-2026) |
10.2.5 UAE Motor Grader Market Revenues & Volume (2016-2026) |
11 UAE Material Handling Equipment Market Overview |
11.1 UAE Material Handling Equipment Market Revenues & Volume (2016-2026) |
11.2 UAE Material Handling Equipment Market Revenues & Volume Share, By Types (2019 & 2026) |
11.2.1 UAE Forklift Market Revenues & Volume (2016-2026) |
11.2.2 UAE Telescopic Handler Market Revenues & Volume (2016-2026) |
12 UAE Dump Trucks Market Overview |
12.1 UAE Dump Trucks Market Revenues & Volume (2016-2026) |
13 UAE Aerial Work Equipment Market Overview |
13.1 UAE Aerial Work Platform Market Revenues & Volume (2016-2026) |
13.2 UAE Aerial Work Platform Market Revenues & Volume Share, By Types (2019 & 2026) |
13.2.1 UAE Articulated Boomlift Market Revenues & Volume (2016-2026) |
13.2.2 UAE Scissor Lift Market Revenues & Volume (2016-2026) |
13.2.3 UAE Telescopic Boomlift Market Revenues & Volume (2016-2026) |
14 UAE Road Construction Equipment Market Overview |
14.1 UAE Road Construction Market Revenues & Volume (2016-2026) |
14.2 UAE Road Construction Market Revenues & Volume Share, By Types (2019 & 2026) |
14.2.1 UAE Paver Market Revenues & Volume (2016-2026) |
14.2.2 UAE Road Roller Market Revenues & Volume (2016-2026) |
15 UAE Construction Equipment Market Overview, By Applications |
15.2 UAE Construction Equipment Market Revenues, By Construction Application (2016-2026) |
15.3 UAE Construction Equipment Market Revenues, By Oil & Gas Application (2016-2026) |
15.4 UAE Construction Equipment Market Revenues, By Mining Application (2016-2026) |
15.5 UAE Construction Equipment Market Revenues, By Other Applications (2016-2026) |
16 UAE Construction Equipment Market Overview, By Regions |
16.2 UAE Construction Equipment Market Revenues, By Northern Region (2016-2026) |
16.3 UAE Construction Equipment Market Revenues, By Southern Region (2016-2026) |
16.4 UAE Construction Equipment Market Revenues, By Eastern Region (2016-2026) |
16.5 UAE Construction Equipment Market Revenues, By Western Region (2016-2026) |
17 UAE Construction Equipment Market - Government Initiatives / Regulations |
18 UAE Construction Equipment Market - Key Performance Indicators |
19 UAE Construction Equipment Market Opportunity Assessment |
19.1 UAE Construction Equipment Market Opportunity Assessment, By Types (2026) |
19.2 UAE Construction Equipment Market Opportunity Assessment, By Applications (2026) |
20 UAE Construction Equipment Market Competitive Landscape |
20.1 UAE Construction Equipment Market, By Players’ Revenue Share (2019) |
20.2 UAE Construction Equipment Market, By Players’ Competitive Benchmarking, By Operating Parameters |
21 Key Strategic Pointers |
22 Disclaimer |