Kenya Construction Equipment Market Growth, Size, Trends, Revenue, Share and Future Outlook
Kenya Construction Equipment Market Size- By Types, By Application- Regional Outlook, Competitive Strategies and Segment Forecast to 2033
| Published: Sep-2023 | Report ID: COAM2328 | Pages: 1 - 101 | Formats*: |
| Category : Construction & Manufacturing | |||
Kenya Construction Equipment Market Introduction and Overview
According to SPER Market Research, the Kenya Construction Equipment Market is estimated to reach USD XX billion by 2033 with a CAGR of 4.7%.
The report includes an in-depth analysis of the Kenya Construction Equipment Market, including market size and trends, product mix, distribution channels, and supplier analysis. Heavy-duty vehicles designed specifically for doing construction tasks, most frequently earthwork operations, are referred to as construction equipment. It is advantageous to the project's economy, quality, safety, speed, and timeliness to use this equipment properly. In addition to maintaining a close check on the applied quality standards, it optimises the use of resources such as materials, labour, finances, and the limited supply of qualified and efficient labour. A tangible long-term asset that helps a business over time is equipment. Computers, trucks, and manufacturing equipment are examples of equipment.
- The Kenyan construction equipment market is embracing cutting-edge technology like 3D printing and building information modelling (BIM).
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Market Opportunities and Challenges
- Opportunities: The LAPSSET Corridor Programme and the Lamu-Isiolo Road, among other large-scale projects planned under Kenya's Vision 2030, are among the projects that are predicted to significantly create opportunities for the construction equipment market in Kenya in the upcoming years. The Ministry of Transport and Infrastructure's endeavours to improve transport networks and stimulate construction and housing ventures have led to a significant increase of the infrastructure sector in Kenya. The nation's ongoing development efforts are best illustrated by notable initiatives like the Pangani affordable housing developments, the Nairobi-Mombasa Highway, the Mariguini informal community, and Kibera Soweta East zone B.
- Challenges: Challenges include concerns that could impede industry advancement, such as corruption, a shortage of skilled workforce, and poor infrastructure. It is still unknown how the COVID-19 pandemic may effect building in Kenya in the future. The COVID-19 pandemic has also had a substantial impact on the construction industry
Market Competitive Landscape
The market exhibits a moderate level of fragmentation, with several major players, including Action Construction Equipment Ltd., Avic Shantui Construction Pvt. Ltd., Caterpillar Inc., Hitachi Construction Machinery Co., Ltd, Hyundai Construction Equipment Co., Ltd., J C Bamford Excavator Limited, Komastsu Ltd., Sany Heavy Industry Co., Ltd., Volvo Construction Equipment, XCMG East Africa, Others. To acquire momentum in the expanding industry, these businesses have implemented extensive expansion strategies and engaged in partnerships, mergers, and acquisitions.
Scope of the Report:
| Report Metric | Details |
| Market size available for years | 2019-2033 |
| Base year considered | 2022 |
| Forecast period | 2023-2033 |
| Segments covered | By Types, By Application |
| Regions covered | Eastern Kenya, Northern Kenya, Southern Kenya, and Western Kenya |
| Companies Covered | Action Construction Equipment Ltd., Avic Shantui Construction Pvt. Ltd., Caterpillar Inc., Hitachi Construction Machinery Co., Ltd, Hyundai Construction Equipment Co., Ltd., J C Bamford Excavator Limited, Komastsu Ltd., Sany Heavy Industry Co., Ltd., Volvo Construction Equipment, XCMG East Africa, Others |
COVID-19 Impact on Kenya Construction Equipment Market
The COVID-19 outbreak had a significant impact on construction activity. Construction activity quickly decreased as a result of the brief lockout brought on by the COVID-19 viruses' quick proliferation. The OEMs observed problems in the supply chain and brief dealer store closures that precluded new sales. However, as work for both ongoing and new projects resumed in 2021, demand for construction equipment sharply surged. Lower housing costs helped drive up demand for residential areas, which in turn drove up demand for equipment. The market is also unstable because of increased COVID-19 infections brought on by the new variety Omicron, high steel and aluminium prices, and a lack of semiconductors.
Key Target Audience
- Construction Companies
- Contractors and Builders
- Government and Public Sector
- Industrial and Commercial Developers
- Infrastructure Development Agencies
- Maintenance and Repair Services
- Rental Companies
- Others
Our in-depth analysis of the Kenya Construction Equipment Market includes the following segments:
| By Types: |
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| By Application: |
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Key Topics Covered in the Report
- Kenya Construction Equipment Market Size (FY’2023-FY’2033)
- Overview of Kenya Construction Equipment Market
- Segmentation of Kenya Construction Equipment Market By Types (Aerial Work Platform, Bulldozer and Construction Tractor, Crane, Dump Truck, Earthmoving Equipment, Material Handling Equipment, Road Construction Equipment)
- Segmentation of Kenya Construction Equipment Market By Application (Construction, Mining, Municipality, Oil & Gas, Road Construction, Others)
- Statistical Snap of Kenya Construction Equipment Market
- Expansion Analysis of Kenya Construction Equipment Market
- Problems and Obstacles in Kenya Construction Equipment Market
- Competitive Landscape in the Kenya Construction Equipment Market
- Impact of COVID-19 and Demonetization on Kenya Construction Equipment Market
- Details on Current Investment in Kenya Construction Equipment Market
- Competitive Analysis of Kenya Construction Equipment Market
- Prominent Players in the Kenya Construction Equipment Market
- SWOT Analysis of Kenya Construction Equipment Market
- Kenya Construction Equipment Market Future Outlook and Projections (FY’2023-FY’2033)
- Recommendations from Analyst
1. Introduction
1.1. Scope of the report1.2. Market segment analysis
2. Research Methodology
2.1. Research data source
2.1.1. Secondary Data2.1.2. Primary Data2.1.3. SPER’s internal database2.1.4. 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. Drivers4.1.2. Restraints4.1.3. Opportunities4.1.4. Challenges
4.2. COVID-19 Impacts of the Kenya Construction Equipment Market
5. Market variable and outlook
5.1. SWOT Analysis
5.1.1. Strengths5.1.2. Weaknesses5.1.3. Opportunities5.1.4. Threats
5.2. PESTEL Analysis
5.2.1. Political Landscape5.2.2. Economic Landscape5.2.3. Social Landscape5.2.4. Technological Landscape5.2.5. Environmental Landscape5.2.6. Legal Landscape
5.3. PORTER’s Five Forces
5.3.1. Bargaining power of suppliers5.3.2. Bargaining power of buyers5.3.3. Threat of Substitute5.3.4. Threat of new entrant5.3.5. Competitive rivalry
5.4. Heat Map Analysis
6. Competitive Landscape
6.1. Kenya Construction Equipment Market Manufacturing Base Distribution, Sales Area, Product Type6.2. Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in Kenya Construction Equipment Market
7. Kenya Construction Equipment Market, By Types (USD Million)
7.1. Kenya Construction Equipment Market Value Share and Forecast, By Types, 2023-20337.2. Aerial Work Platform7.3. Bulldozer and Construction Tractor7.4. Crane7.5. Dump Truck7.6. Earthmoving Equipment7.7. Material Handling Equipment7.8. Road Construction Equipment
8. Kenya Construction Equipment Market, By Application (USD Million)
8.1. Kenya Construction Equipment Market Value Share and Forecast, By Application, 2023-2033
8.2. Construction8.3. Mining8.4. Municipality8.5. Oil & Gas8.6. Road Construction8.7. Others
9. Kenya Construction Equipment Market Forecast, 2019-2033 (USD Million)
9.1. Kenya Construction Equipment Market Size and Market Share
10. Kenya Construction Equipment Market, By Types, 2019-2033 (USD Million)
10.1. Kenya Construction Equipment Market Size and Market Share By Types (2019-2026)10.2. Kenya Construction Equipment Market Size and Market Share By Types (2027-2033)
11. Kenya Construction Equipment Market, By Application, 2019-2033 (USD Million)
11.1. Kenya Construction Equipment Market Size and Market Share By Application (2019-2026)11.2. Kenya Construction Equipment Market Size and Market Share By Application (2027-2033)
12. Kenya Construction Equipment Market, By Region, 2019-2033 (USD Million)
12.1. Kenya Construction Equipment Market Size and Market Share By Region (2019-2026)
12.2. Kenya Construction Equipment Market Size and Market Share By Region (2027-2033)12.3. Eastern Kenya12.4. Northern Kenya12.5. Southern Kenya12.6. Western Kenya
13. Company Profile
13.1. Action Construction Equipment Ltd.
13.1.1. Company details13.1.2. Financial outlook13.1.3. Product summary13.1.4. Recent developments
13.2. Avic Shantui Construction Pvt. Ltd.
13.2.1. Company details13.2.2. Financial outlook13.2.3. Product summary13.2.4. Recent developments
13.3. Caterpillar Inc.
13.3.1. Company details13.3.2. Financial outlook13.3.3. Product summary13.3.4. Recent developments
13.4. Hitachi Construction Machinery Co., Ltd.
13.4.1. Company details13.4.2. Financial outlook13.4.3. Product summary13.4.4. Recent developments
13.5. Hyundai Construction Equipment Co., Ltd.
13.5.1. Company details13.5.2. Financial outlook13.5.3. Product summary13.5.4. Recent developments
13.6. J C Bamford Excavator Limited
13.6.1. Company details13.6.2. Financial outlook13.6.3. Product summary13.6.4. Recent developments
13.7. Komastsu Ltd.
13.7.1. Company details13.7.2. Financial outlook13.7.3. Product summary13.7.4. Recent developments
13.8. Sany Heavy Industry Co., Ltd.
13.8.1. Company details13.8.2. Financial outlook13.8.3. Product summary13.8.4. Recent developments
13.9. Volvo Construction Equipment
13.9.1. Company details13.9.2. Financial outlook13.9.3. Product summary13.9.4. Recent developments
13.10. XCMG East Africa
13.10.1. Company details13.10.2. Financial outlook13.10.3. Product summary13.10.4. Recent developments
13.11. Others
14. List of Abbreviations
15. Reference Links
16. Conclusion
17. Research Scope
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.
Frequently Asked Questions About This Report
The Africa is anticipated to have the highest market share in the Kenya Construction Equipment Market.
The key players in the market include Companies Covered Action Construction Equipment Ltd., Avic Shantui Construction Pvt. Ltd., Caterpillar Inc., Hitachi Construction Machinery Co., Ltd, Hyundai Construction Equipment Co., Ltd., J C Bamford Excavator Limited, Komastsu Ltd., Sany Heavy Industry Co., Ltd., Volvo Construction Equipment, XCMG East Africa, Others.
Heavy-duty vehicles designed specifically for doing construction tasks, most frequently earthwork operations, are referred to as construction equipment. It is advantageous to the project's economy, quality, safety, speed, and timeliness to use this equipment properly.
Kenya Construction Equipment Market is projected to reach USD XX billion by 2033, growing at a CAGR of 4.7% during the forecast period.
Kenya Construction Equipment Market grew in market size from 2022. The Market is expected to reach USD XX billion by 2033, at a CAGR of 4.7% during the forecast period.
Kenya Construction Equipment Market CAGR of 4.7% during the forecast period.
You can get the sample pages by clicking the link - Click Here
Kenya Construction Equipment Market size is USD XX billion from 2023 to 2033.
Kenya Construction Equipment Market Segment is covered By Types, By Application.
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