GCC Construction Machinery Market Introduction and Overview
According to SPER Market Research, the GCC Construction Machinery Market is estimated to reach USD 6.86 billion by 2033 with a CAGR of 3.38%.
The report includes an in-depth analysis of the GCC Construction Machinery Market, including market size and trends, product mix, distribution channels, and supplier analysis. The term "construction machinery" describes a broad variety of heavy-duty tools made for different construction jobs, which greatly enhance the productivity and advancement of building projects. These devices are made especially to tackle hard jobs including grading, lifting, excavating, and material transportation on building sites. Excavators, bulldozers, cranes, loaders, and concrete mixers are typical examples. Bulldozers are necessary for grading and earthmoving, whereas excavators are adaptable tools with a bucket for digging and lifting tasks. Loaders help move materials throughout the site, while cranes are essential for lifting and positioning huge items. The correct mixing of the components of concrete is ensured by concrete mixers. The development of construction equipment has given rise to cutting-edge technology like GPS systems, which are efficient and precise.
- In July 2022: Caterpillar revealed the new Cat 336 hydraulic excavator, designed for demanding applications on construction sites. Its strong hydraulic system provides swing torque and digging forces to facilitate production in harsh outdoor environments.
- The Middle East saw the introduction of the Volvo Construction Equipment EC550E crawler excavator in March 2022. Large infrastructure projects with high production levels are the excavator's intended use.
Market Opportunities and Challenges
Opportunities: It is predicted that cranes will dominate the machinery market because of the plethora of construction and water projects that are now under way in nations like Oman and the United Arab Emirates. Saudi Arabia's and the United Arab Emirates' construction industries are finally rebounding from severe pressure brought on by a protracted drop in oil prices. On the other hand, it is anticipated that the government's increased investment in infrastructure and the start of development projects in the future years will help the construction sector. The advancement of projects by private sector developers may also be supported, which will increase the need for construction equipment. The following link provides the industry report on the GCC construction machines market
Challenges: The shifting conditions of the GCC Construction Machinery Market are affected by a number of challenges. Since many GCC countries mostly rely on oil revenue to pay construction projects, economic changes, particularly those related to oil prices, provide a substantial difficulty. Furthermore, geopolitical conflicts in the area have the potential to impede construction projects. The machinery market is impacted by changes in standards and compliance requirements, which further complicate the regulatory environment. The lack of trained workers is a recurring problem that makes it difficult to make the best use of cutting-edge construction equipment. Even though the goal of these robots is to increase production, project delays and higher operating costs may result from a lack of skilled operators.
Market Competitive Landscape
The market environment for construction machinery in the Gulf Cooperation Council (GCC) is very competitive due to the presence of various foreign enterprises. About 63% of the market share is held by the top ten companies in the industry; the remaining 37% is dominated by other companies like Yanmar, JCB, Wirtgen Group, Terex, and so forth.
The industry is concentrated, with Caterpillar holding the top spot, followed by CNH Industrial, Liebherr, Komatsu, and Volvo Construction Equipment.
Scope of the Report:
| Report Metric | Details |
| Market size available for years | 2020-2033 |
| Base year considered | 2023 |
| Forecast period | 2024-2033 |
| Segments covered | By Machinery Type, By Application Type
|
| Regions covered | Saudi Arabia, United Arab Emirates, Kuwait, Qatar, Rest of GCC Countries
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| Companies Covered | Caterpillar, CNH Industrial (Case Construction), Doosan Infracore Construction Equipment, Hitachi Construction Machinery, Hyundai Construction Equipment, JCB, Kobelco Construction Machinery, Komatsu, Liebherr International AG, Mitsubishi, Sumitomo Construction Machinery, Volvo Construction Equipment Corp., Wirtgen Group, Others
|
COVID-19 Impact on GCC Construction Machinery Market
The COVID-19 pandemic had a negative impact on the market under investigation, mainly because it stopped manufacturing and building. Moreover, governments in the Middle East put a halt to pipeline developments and lowered staffing levels at the locations. As a result, the production of building has decreased. Nonetheless, the market is expected to experience notable expansion over the projected period as a result of the rise in construction activities, which is probably mostly attributable to growing government backing and the global revival of construction activities.
Key Target Audience:
- Industry Professionals and Contractors
- Construction Equipment Dealers and Distributors
- Project Managers and Construction Site Supervisors
- Civil Engineers and Architects
- Government and Municipal Authorities
- Investors and Financial Institutions
Our in-depth analysis of the GCC Construction Machinery Market includes the following segments:
| By Machinery Type | CraneExcavatorLoaders and BackhoeMotor GradersTelescopic handlesOthers |
| By Application Type | Concrete Construction EquipmentEarth Moving EquipmentMaterial Handling EquipmentRoad Construction Equipment |
| By Region | Saudi ArabiaUnited Arab EmiratesKuwaitQatarRest of GCC Countries |
Key Topics Covered in the Report:
- GCC Construction Machinery Market Size (FY’2024-FY’2033)
- Overview of GCC Construction Machinery Market
- Segmentation of GCC Construction Machinery Market By Machinery Type (Crane, Excavator, Loaders and Backhoe, Motor Graders, Telescopic handles, Others)
- Segmentation of GCC Construction Machinery Market By Application Type (Concrete Construction Equipment, Earth Moving Equipment, Material Handling Equipment, Road Construction Equipment)
- Expansion Analysis of GCC Construction Machinery Market
- Problems and Obstacles in GCC Construction Machinery Market
- Competitive Landscape in the GCC Construction Machinery Market
- Impact of COVID-19 and Demonetization on GCC Construction Machinery Market
- Details on Current Investment in GCC Construction Machinery Market
- Competitive Analysis of GCC Construction Machinery Market
- Prominent Players in the GCC Construction Machinery Market
- SWOT Analysis of GCC Construction Machinery Market
- GCC Construction Machinery Market Future Outlook and Projections (FY’2024-FY’2033)
- Recommendations from Analyst
1. Introduction
1.1. Scope of the report
1.2. Market segment analysis
2. Research Methodology
2.1. Research data source
2.1.1. Secondary Data
2.1.2. Primary Data
2.1.3. SPER’s internal database
2.1.4. Premium insight from KOL’s
2.2. Market size estimation
2.2.1. Top-down and Bottom-up approach
2.3. Data triangulation
3. Executive Summary
4. Market Dynamics
4.1. Driver, Restraint, Opportunity and Challenges analysis
4.1.1. Drivers
4.1.2. Restraints
4.1.3. Opportunities
4.1.4. Challenges
4.2. COVID-19 Impacts of the GCC Construction Machinery Market
5. Market variable and outlook
5.1. SWOT Analysis
5.1.1. Strengths
5.1.2. Weaknesses
5.1.3. Opportunities
5.1.4. Threats
5.2. PESTEL Analysis
5.2.1. Political Landscape
5.2.2. Economic Landscape
5.2.3. Social Landscape
5.2.4. Technological Landscape
5.2.5. Environmental Landscape
5.2.6. Legal Landscape
5.3. PORTER’s Five Forces
5.3.1. Bargaining power of suppliers
5.3.2. Bargaining power of buyers
5.3.3. Threat of Substitute
5.3.4. Threat of new entrant
5.3.5. Competitive rivalry
5.4. Heat Map Analysis
6. Competitive Landscape
6.1. GCC Construction Machinery Market Manufacturing Base Distribution, Sales Area, Product Type
6.2. Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in GCC Construction Machinery Market
7. GCC Construction Machinery Market, By Machinery Type (USD Million)
7.1. GCC Construction Machinery Market Value Share and Forecast, By Machinery Type, 2024-2033
7.2. Crane
7.3. Excavator
7.4. Loaders and Backhoe
7.5. Motor Graders
7.6. Telescopic handles
7.7. Others
8. GCC Construction Machinery Market, By Application Type (USD Million)
8.1. GCC Construction Machinery Market Value Share and Forecast, By Application Type, 2024-2033
8.2. Concrete Construction Equipment
8.3. Earth Moving Equipment
8.4. Material Handling Equipment
8.5. Road Construction Equipment
9. GCC Construction Machinery Market Forecast, 2020-2033 (USD Million)
9.1. GCC Construction Machinery Market Size and Market Share
10. GCC Construction Machinery Market, By Machinery Type, 2020-2033 (USD Million)
10.1. GCC Construction Machinery Market Size and Market Share By Machinery Type (2020-2026)
10.2. GCC Construction Machinery Market Size and Market Share By Machinery Type (2027-2033)
11. GCC Construction Machinery Market, By Region, 2020-2033 (USD Million)
11.1. GCC Construction Machinery Market Size and Market Share By Region (2020-2026)
11.2. GCC Construction Machinery Market Size and Market Share By Region (2027-2033)
11.3. Saudi Arabia
11.4. United Arab Emirates
11.5. Kuwait
11.6. Qatar
11.7. Rest of GCC Countries
12. Company Profile
12.1. Caterpillar
12.1.1. Company details
12.1.2. Financial outlook
12.1.3. Product summary
12.1.4. Recent developments
12.2. CNH Industrial (Case Construction)
12.2.1. Company details
12.2.2. Financial outlook
12.2.3. Product summary
12.2.4. Recent developments
12.3. Doosan Infracore Construction Equipment
12.3.1. Company details
12.3.2. Financial outlook
12.3.3. Product summary
12.3.4. Recent developments
12.4. Hitachi Construction Machinery
12.4.1. Company details
12.4.2. Financial outlook
12.4.3. Product summary
12.4.4. Recent developments
12.5. Hyundai Construction Equipment
12.5.1. Company details
12.5.2. Financial outlook
12.5.3. Product summary
12.5.4. Recent developments
12.6. JCB
12.6.1. Company details
12.6.2. Financial outlook
12.6.3. Product summary
12.6.4. Recent developments
12.7. Kobelco Construction Machinery
12.7.1. Company details
12.7.2. Financial outlook
12.7.3. Product summary
12.7.4. Recent developments
12.8. Komatsu
12.8.1. Company details
12.8.2. Financial outlook
12.8.3. Product summary
12.8.4. Recent developments
12.9. Liebherr International AG
12.9.1. Company details
12.9.2. Financial outlook
12.9.3. Product summary
12.9.4. Recent developments
12.10. Mitsubishi
12.10.1. Company details
12.10.2. Financial outlook
12.10.3. Product summary
12.10.4. Recent developments
12.11. Sumitomo Construction Machinery
12.11.1. Company details
12.11.2. Financial outlook
12.11.3. Product summary
12.11.4. Recent developments
12.12. Volvo Construction Equipment Corp.
12.12.1. Company details
12.12.2. Financial outlook
12.12.3. Product summary
12.12.4. Recent developments
12.13. Wirtgen Group
12.13.1. Company details
12.13.2. Financial outlook
12.13.3. Product summary
12.13.4. Recent developments
12.14. Others
13. Reference Links
14. Conclusion
15. Research Scope
16. List of Abbreviations
SPER Market Research’s methodology uses great emphasis on primary research to ensure that the market intelligence insights are up to date, reliable and accurate. Primary interviews are done with players involved in each phase of a supply chain to analyze the market forecasting. The secondary research method is used to help you fully understand how the future markets and the spending patterns look likes.
The report is based on in-depth qualitative and quantitative analysis of the Product Market. The quantitative analysis involves the application of various projection and sampling techniques. The qualitative analysis involves primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes are validated through experts opinion. Our research methodology entails an ideal mixture of primary and secondary initiatives.
