6wresearch logo

GCC construction equipment market at 1.6% growth

November 17, 2016

The GCC construction equipment market will grow at a compound annual growth rate (CAGR) of 1.6% from 2016 through to 2022, according to a detailed forecast by 6Wresearch.

In a 330-page report, GCC Construction Equipment Market (2016-2022), 6Wresearch looks at many of the major manufacturers in the region, including Komatsu, Volvo, Caterpillar, Hitachi, Tadano, Manitowoc, CNH, Doosan and Kobelco.

The study notes that earthmoving equipment continues to hold the highest revenue share in the GCC construction equipment market, and that the growth in this segment will fall in line with the topline projection of a 1.6% CAGR.

"Though market for construction equipment was affected by falling oil prices, it is expected to regain momentum post 2017 due to the recovery of oil prices and initiatives taken by the governments to diversify their country's economies," noted 6Wresearch assistant manager Prijo Samuel.

In terms of the key focus areas for the market, public infrastructure development initiatives in Saudi Arabia, UAE, Qatar and Kuwait will continue to present major opportunities.

"Infrastructure projects such as Riyadh Metro, Dubai Metro expansion, Kuwait Metro and Muscat International Airport in Oman, coupled with new residential construction projects, will continue to fuel the demand for new construction equipment," added 6Wresearch analyst Sathi Paul.

"Utility projects such as nuclear power projects, desalination plants across the GCC countries will further drive the growth of the market over the next six years."

The report also notes that compared to other markets the GCC construction equipment market is highly consolidated, with a few international players having acquired the major market share through their tie-ups with local distributors/dealers.

Media Source: Construction Week Online

      Browse More Report

Middle East Power Tools Market (2018-2024)

Market Forecast By Types (Electric and Pneumatic), By Tool Types (Metal, Concrete, Wood Working and Others), By Verticals (Construction, Automotive, Manufacturing and Others), By Countries (Turkey, Iran, Saudi Arabia, UAE, Qatar, Oman, Bahrain and Kuwait)...

Read More

Sri Lanka Stationery Market (2018-2024)

Market Forecast By Type (Paper Stationery (Copier, Exercise Notebook, Premium Paper Stationery and Other Paper Stationery), Non-Paper Stationery (Pen, Pencil, Eraser, Scale, Sharpener, Art Stationery, Pencil Box, Eraser and Other Non-Paper Stationery...

Read More

Europe Blockchain Technology Market (2018-2024)

Market Forecast By Technology Types (Public Blockchain, Private and Permissioned Blockchain and Hybrid Blockchain), By Applications (Financial and Non-Financial), By End- Users (BFSI, Government and Public Sector, Transportation and Logistics, Healthcare...

Read More

Myanmar Stationery Market (2018-2024)

Market Forecast By Paper Stationery Types (Copier Paper (65-70 GSM, 70-80 GSM and Above 80 GSM), Exercise Notebook (Notebook, Drawing Notebook, Notepad and Others including Graph Notebook and Practical Notebook), Premium Paper Stationery...

Read More

Africa Solar Water Pump Market (2018-2024)

Market Forecast By Power Rating (Upto 3 HP, 3.1 to 10 HP and Above 10 HP), By Design Type (Surface and Submersible), By Drive Type (AC Motor and DC Motor), By Applications (Agriculture and Domestic), By Countries (Tanzania, Ethiopia, Kenya, South Africa, Tunisia, Egypt...

Read More

India Self Priming Pumps Market (2018-2024)

Market Forecast By Types (Electric and Diesel), By Head Range (Below 30 m, 30-50 m, 50.1-100 m and Above 100 m), By Horse Power (Below 1 HP, 1-3 HP, 3.1-5 HP, 5.1-7 HP, 7.1-10 HP and Above 10 HP), By Applications (Residential, Agriculture, Oil & Gas...

Read More

India Smart TV Market (2018-2024)

Market Forecast By Screen Type (Curved and Flat), By Screen Size (32 to 45 inches, 46 to 55 inches, 56 to 65 inches and Above 65 inches), By Resolution (4K UHD TV, Full HD TV and HD Ready), By Technology (LED, OLED and QLED), By Distribution Channels...

Read More

India Power Tools Market (2018-2024)

Market Forecast By Technology (Electric Power Tools (Corded Power Tools and Cordless Power Tools) and Pneumatic Power Tools)), By Tool Types (Metal Segment, Concrete Segment, Wood-working Segment and Others), By Verticals...

Read More

Bangladesh Stationery Market (2018-2024)

Market Forecast By Types (Paper Stationery (Copier, Exercise Notebook, Premium Paper Stationery and Other Paper Stationery) and Non-Paper Stationery (Pen, Pencil and Other Non-Paper Stationery (Art Stationery, Scale, Sharpener, Eraser, Pencil Box...

Read More

India Art Stationery Market (2018-2024)

Market Forecast By Types (Crayons (Wax Crayons and Plastic Crayons), Pencil Colors, Oil Colors, Sketch Pens, Oil Pastels, Poster Colors, Acrylic Colors and Other Art Stationery)), By End Users (Students and Professional & Hobby Artists), By Regions...

Read More

Middle East Transfer Switch Market (2018-2024)

Market Forecast By Types (Automatic Transfer Switch and Manual Transfer Switch), By Transition Mode (Open Transition Mode and Closed Transition Mode), By Ampere Rating (0-400A, 400-1600A and Above 1600A), By Applications (Industrial, Commercial and Residential)...

Read More


Our Key Clients
6wreserach client list


6Wresearch Events
6wreserach events