UAE Construction Equipment Market Size & Growth Rate
The UAE Construction Equipment Market is projected to grow at a CAGR of 7.3% during 2021–2027, driven by strong infrastructure development, government-led construction initiatives, and increasing demand for cost-effective, low-emission machinery.
UAE construction equipment market report comprehensively covers the market by types, applications and regions. The report provides an unbiased and detailed analysis of the construction equipment market on-going trends, opportunities/high growth areas, market drivers which would help the stakeholders to device and align their market strategies according to the current and future market dynamics.
UAE Construction Equipment Market Synopsis
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. However, spread of the COVID-19 pandemic has resulted in the slowdown of the overall economy leading to a temporary halt in many construction projects across the country, thereby impacting the growth of the construction equipment market in UAE, which is expected to regain momentum in the year 2021.
According to 6Wresearch, UAE Construction Equipment Market size is projected to grow at CAGR of 7.3% during 2021-27. UAE’s growing focus on infrastructure and development of automation in construction and manufacturing processes had a major impact over market growth. The demand for cost-effective machines with lower emissions is dominating the construction equipment market persuading manufacturers to opt for electric and hydraulic machines. 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 modernizing in transportation domain due to technical advancement is anticipated to augment the demand for construction equipment and would boost the substantial growth of the market in the foreseeable future.
Market Analysis by Type
Based on types, the earth moving equipment segment is expected to grow at a substantial rate over the coming years due to increasing in infrastructure along with government investments, especially in the construction industry. Moreover, the mobile crane's segment has garnered the major market revenue share in UAE’s construction equipment market owing to its prevalent usage in sectors such as oil & gas, mining, transportation and commercial, where they are used extensively.
Key Attractiveness of the Report
- COVID-19 Impact on the Market.
- 10 Years Market Numbers.
- Historical Data Starting from 2017 to 2020.
- Base Year: 2020
- Forecast Data until 2027.
- Key Performance Indicators Impacting the Market.
- Major Upcoming Developments and Projects.
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 & Volume for the Period 2017-2020.
- Market Size & Forecast of UAE Construction Equipment Market Revenues & Volume until 2027F.
- Historical Data of UAE Construction Equipment Market Revenues, By Types for the Period 2017-2020.
- Market Size & Forecast of UAE Construction Equipment Market Revenues, By Types until 2027F.
- Historical Data of UAE Construction Equipment Market Revenues, By Applications for the Period 2017-2020.
- Market Size & Forecast of UAE Construction Equipment Market Revenues, By Applications until 2027F.
- Historical Data of UAE Construction Equipment Market Revenues, By Regions for the Period 2017-2020.
- Market Size & Forecast of UAE Construction Equipment Market Revenues, By Regions until 2027F.
- Market Drivers and Restraints
- Market Trends and Industry Life Cycle
- Porter’s Five Force Analysis
- Market Opportunity Assessment
- Market Player’s Revenue Share
- Competitive Benchmarking
- Company Profiles
- Key Strategic Recommendations
Market Scope and Segmentation
Thereport provides a detailed analysis of the following market segments:
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
