UAE Construction Equipment Market (2021-2027)
Market Forecast 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)And Competitive Landscape
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.
UAE construction equipment market is expected to witness proliferation in the forthcoming years. The acceleration is by the upsurge in the construction activities and government increasing infrastructure investment and development across various sectors like tourism, commercial, logistics and transportation that would boost the construction equipment sector and encourage private sectors to bring their own projects, which in turn would increase the demand for construction machinery.
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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 Highlights of the Report
UAE Construction Equipment Market Overview
UAE Construction Equipment Market Trends
UAE Construction Equipment Market Outlook
UAE Construction Equipment Market Forecast
Market Drivers and Restraints
Competitive Benchmarking
Industry Life Cycle
Porter’s Five Force Analysis
Market Opportunity Assessment
UAE Construction Equipment Market Share, By Companies
Company Profiles
Key Strategic Recommendations
Historical Market Data and Forecast of Revenues, by Applications, for the Period 2017-2027F
Historical Market Data and Forecast of Revenues, by Regions, for the Period 2017-2027F
Historical Data and Forecast of UAE Construction Equipment Market Revenues & Volume for the Period 2017-2027F.
Historical Market Data and Forecast of Revenues, by Types, for the Period 2017-2027F.
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