Middle East and Africa Construction Equipment Market Introduction and Overview
According to SPER Market Research, the Middle East and Africa Construction Equipment Market is estimated to reach USD 7.62 billion by 2033 with a CAGR of 4.47%.
The report includes an in-depth analysis of the Middle East and Africa Construction Equipment Market, including market size and trends, product mix, distribution channels, and supplier analysis. Construction equipment is a wide variety of tools and machines used to accomplish different tasks in building projects. This specialized equipment is vital to the productivity and efficiency of the construction industry, being used in everything from excavation and earthmoving to lifting and transporting. Common examples of equipment used for excavation, earth moving, and site clearance are backhoes, loaders, excavators, and bulldozers. For hoisting large objects and machinery to greater altitudes, cranes are essential. Concrete handling and paving duties also require the use of equipment including concrete mixers, pumps, and pavers.
- SMT was appointed as Hitachi Construction Machinery's new African dealer in November 2022. In addition to servicing and selling Hitachi equipment in fifteen African nations, SMT will concentrate on supplying the profitable African mining industry with Hitachi Zaxis and EX series excavators.
- August 2022: Expertise Contracting Company in Saudi Arabia received an order for 82 cranes from Tadano Demag GmbH.
Market Opportunities and Challenges
Opportunities: The Middle East and Africa, including Saudi Arabia, Kuwait, Oman, the United Arab Emirates, and Egypt, are expected to witness considerable expansion in the market because to the growing government spending in infrastructure development. Due to the abundance of growth potential in the non-residential, residential, and infrastructure sectors, the construction industry is one of the main drivers of market expansion, particularly in developing nations. Growing investments in building roads, highways, smart cities, metros, bridges, and expressways as a result of urbanization and population growth, as well as an increase in the building of multi-family homes in line with the growing tendency of nuclear families. The market is anticipated to develop as a result of the increasing trend toward automation.
Challenges: The construction equipment market in the Middle East and Africa has to deal with many significant challenges. Regional infrastructure development is frequently impeded by political instability, economic unpredictability, and complex regulatory frameworks. Certain areas of the region may be unstable, which could discourage investors and cause delays and higher costs in building projects. Furthermore, financial limitations and restricted capital availability may make it difficult to purchase contemporary construction equipment, impeding the growth of the sector. In addition, insufficient training programs and a shortage of experienced labor make it difficult to maximize the effective use of construction machinery. These issues are made worse by disparities in the region's infrastructure and levels of development among the various nations, which unevenly drives demand for construction equipment.
Market Competitive Landscape
Construction equipment in the Middle East and Africa is heavily consolidated. This market is dominated by international firms; there are no local players involved. Several notable entities in the Construction Equipment market in the Middle East and Africa are Hitachi Ltd., Komatsu Ltd., Sany Heavy Industry, Zoomlion Heavy Industry Science & Technology Co. Ltd., and Caterpillar Inc.
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 Airbag Type, By Inflator Type, By Vehicle Type
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| Regions covered | By Machinery Type, By Drive Type
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| Companies Covered | Caterpillar Inc., CNH Industrial (Case Construction), Doosan Corp, Hitachi Construction Machinery Co., JCB, Kobelco Construction Machinery Co. Ltd, Liebherr Group, Manitowoc Company Inc., Sumitomo Corporation, Mitsubishi Electric Corporation, Volvo AB, Others
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COVID-19 Impact on Middle East and Africa Construction Equipment Market
The Middle East and Africa's construction sector, as well as the demand for related equipment, were negatively impacted by the COVID-19 pandemic. It was principally ascribed to supply chain interruptions, decreased spending on the acquisition of new equipment, the suspension and cancellation of building projects, and the erratic economic development of numerous nations. But since last year, the Middle East and Africa's construction sector has seen tremendous expansion in investment and economic development. The region has also seen large orders for construction equipment from GCC nations, which is expected to propel the market under consideration during the forecast period.
Key Target Audience:
- Construction Companies
- Infrastructure Developers
- Governments and Municipalities
- Rental Companies
- Equipment Manufacturers and Suppliers
Our in-depth analysis of the Middle East and Africa Construction Equipment Market includes the following segments:
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By Machinery Type: |
Crane
Telescopic Handling
Excavator
Loaders
Motor Graders
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By Drive Type: |
Electric and Hybrid
Hydraulic
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By Region: |
Saudi Arabia
South Africa
United Arab Emirates
Qatar
Morocco
Rest of Middle East and Africa
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Key Topics Covered in the Report:
- Middle East and Africa Construction Equipment Market Size (FY’2024-FY’2033)
- Overview of Middle East and Africa Construction Equipment Market
- Segmentation of Middle East and Africa Construction Equipment Market By Machinery Type (Crane, Telescopic Handling, Excavator, Loaders, Motor Graders, Others)
- Segmentation of Middle East and Africa Construction Equipment Market By Drive Type (Electric and Hybrid, Hydraulic)
- Expansion Analysis of Middle East and Africa Construction Equipment Market
- Problems and Obstacles in Middle East and Africa Construction Equipment Market
- Competitive Landscape in the Middle East and Africa Construction Equipment Market
- Impact of COVID-19 and Demonetization on Middle East and Africa Construction Equipment Market
- Details on Current Investment in Middle East and Africa Construction Equipment Market
- Competitive Analysis of Middle East and Africa Construction Equipment Market
- Prominent Players in the Middle East and Africa Construction Equipment Market
- SWOT Analysis of Middle East and Africa Construction Equipment Market
- Middle East and Africa Construction Equipment 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 Middle East and Africa Construction Equipment 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. Middle East and Africa Construction Equipment Market Manufacturing Base Distribution, Sales Area, Product Type
6.2. Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in Middle East and Africa Construction Equipment Market
7. Middle East and Africa Construction Equipment Market, By Machinery Type (USD Million)
7.1. Middle East and Africa Construction Equipment Market Value Share and Forecast, By Machinery Type, 2024-2033
7.2. Crane
7.3. Telescopic Handling
7.4. Excavator
7.5. Loaders
7.6. Motor Graders
7.7. Others
8. Middle East and Africa Construction Equipment Market, By Drive Type (USD Million)
8.1. Middle East and Africa Construction Equipment Market Value Share and Forecast, By Drive Type, 2024-2033
8.2. Electric and Hybrid
8.3. Hydraulic
9. Middle East and Africa Construction Equipment Market Forecast, 2020-2033 (USD Million)
9.1. Middle East and Africa Construction Equipment Market Size and Market Share
10. Middle East and Africa Construction Equipment Market, By Machinery Type, 2020-2033 (USD Million)
10.1. Middle East and Africa Construction Equipment Market Size and Market Share By Machinery Type (2020-2026)
10.2. Middle East and Africa Construction Equipment Market Size and Market Share By Machinery Type (2027-2033)
11. Middle East and Africa Construction Equipment Market, By Drive Type, 2020-2033 (USD Million)
11.1. Middle East and Africa Construction Equipment Market Size and Market Share By Drive Type (2020-2026)
11.2. Middle East and Africa Construction Equipment Market Size and Market Share By Drive Type (2027-2033)
12. Middle East and Africa Construction Equipment Market, By Region, 2020-2033 (USD Million)
12.1. Middle East and Africa Construction Equipment Market Size and Market Share By Region (2020-2026)
12.2. Middle East and Africa Construction Equipment Market Size and Market Share By Region (2027-2033)
12.3. Saudi Arabia
12.4. South Africa
12.5. United Arab Emirates
12.6. Qatar
12.7. Morocco
12.8. Rest of Middle East and Africa
13. Company Profile
13.1. Caterpillar Inc.
13.1.1. Company details
13.1.2. Financial outlook
13.1.3. Product summary
13.1.4. Recent developments
13.2. CNH Industrial (Case Construction)
13.2.1. Company details
13.2.2. Financial outlook
13.2.3. Product summary
13.2.4. Recent developments
13.3. Doosan Corp
13.3.1. Company details
13.3.2. Financial outlook
13.3.3. Product summary
13.3.4. Recent developments
13.4. Hitachi Construction Machinery Co.
13.4.1. Company details
13.4.2. Financial outlook
13.4.3. Product summary
13.4.4. Recent developments
13.5. JCB
13.5.1. Company details
13.5.2. Financial outlook
13.5.3. Product summary
13.5.4. Recent developments
13.6. Kobelco Construction Machinery Co. Ltd
13.6.1. Company details
13.6.2. Financial outlook
13.6.3. Product summary
13.6.4. Recent developments
13.7. Liebherr Group
13.7.1. Company details
13.7.2. Financial outlook
13.7.3. Product summary
13.7.4. Recent developments
13.8. Manitowoc Company Inc.
13.8.1. Company details
13.8.2. Financial outlook
13.8.3. Product summary
13.8.4. Recent developments
13.9. Sumitomo Corporation
13.9.1. Company details
13.9.2. Financial outlook
13.9.3. Product summary
13.9.4. Recent developments
13.10. Mitsubishi Electric Corporation
13.10.1. Company details
13.10.2. Financial outlook
13.10.3. Product summary
13.10.4. Recent developments
13.11. Volvo AB
13.11.1. Company details
13.11.2. Financial outlook
13.11.3. Product summary
13.11.4. Recent developments
13.12. 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.
