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Qatar Construction Equipment Market - Strategic Assessment & Forecast 2022-2028

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    Report

  • 107 Pages
  • May 2022
  • Region: Qatar
  • Arizton
  • ID: 5591811
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The report considers the present scenario of the Qatar construction equipment market and market dynamics for 2022−2028. It covers a detailed overview of several growth enablers, restraints, and trends in the market. The study includes the volume and value sales with a segment analysis of the Qatar construction equipment market.

Qatar construction equipment market is expected to grow at a CAGR of 4.97% during 2022-2028

KEY POINTS


In 2022, Government increased infrastructure investment for development of road, airports, highways, and stadium for upcoming FIFA World cup event later in 2022. The Government planned to invest $7 billion for national vision 2030. The aggressive investment in development of roadways & highways are planned in Doha, Lusail, & Al wirrah cities of Qatar in 2022.

According to world bank, Qatar’s economy is expected to grow by 3-4% in 2022. The country’s growth can be hampered in the long run due to over dependency on oil & gas industry. The oil prices are extremely volatile which directly impact the performance of the industry.

Qatar government is investing in various infrastructure, road, and highways projects across the country. The major projects are Sharq crossing project Doha ($12 billion), New Doha Port ($7.4 million), Qatar long distance Railways Project ($3,456 million), Siraj Al Kharsaah Solar Power Project Al-Sahaniya ($462 million), Al Rayyan Stadium ($600 million), Al Bayt Stadium ($192.3 million) & North Field Extension ($500 million).

Qatar’s oil & gas industry strongly rebounded in 2021, there was surge in crude oil prices in global market which supported the growth of the industry. Qatar is one of the leading producer and exporter of oil in middle eastern region therefore, surge in oil prices in global market is beneficial for strong economic recovery in 2021.

Ongoing infrastructure and development projects for World cup 2022 have resulted in sharp growth in demand for crane. The high demand was witnessed in luffing jib crane in 2021. Similar, trend in the demand is expected in due to various mega project in the pipeline under national development plan 2030.

Hyundai Doosan Infracore, Hyundai Construction Equipment, XCMG, Zoomlion & SANY are market leader and accounts for 42% of market share.

Hyundai Doosan Infracore, Hyundai Construction equipment, XCMG, Zoomlion, SANY, Caterpillar, Volvo Construction Equipment, & JCB are prominent Vendors in Qatar Construction Equipment market. Kobelco, LiuGong, Tadano & Yanmar are other prominent vendors in Qatar Market.

SEGMENTATION ANALYSIS


The material handling equipment has the largest share in the Qatar market compared to earthmoving & road construction equipment. Large luffing cranes are the most popular equipment in the market. The demand for large luffing cranes increased in recent times, especially after 2019, due to the development of infrastructure and stadiums for the World cup 2022 event.

Segmentation by Earthmoving Equipment:

  • Excavator
  • Backhoe Loaders
  • Motor Graders
  • Other Earthmoving Equipment

Segmentation by Road Construction Equipment

  • Road Rollers
  • Asphalt Pavers

Segmentation by Material Handling Equipment

  • Crane
  • Forklift & Telescopic Handlers
  • Aerial Platforms (Articulated Boom Lifts, Telescopic Boom lifts, Scissor lifts)

Segmentation by End Users

  • Construction
  • Manufacturing
  • Mining
  • Others

VENDOR LANDSCAPE


Key Vendors

  • Hyundai Construction Equipment
  • XCMG
  • Zoomlion
  • Sany
  • Volvo
  • Liebherr
  • JCB
  • Komatsu
  • Caterpillar

Other Prominent Vendors

  • Kobelco
  • Yanmar
  • Tadano
  • Liu Gong

Distributors Profiles

  • Qatar Tractors & Equipment Co.
  • Jaidah Heavy Equipment
  • Qatar Building Co. Heavy Equipment

Table of Contents

Section 1 - Introduction
  • Market Snapshot
  • Executive Summary

Section 2 - the Market Overview
  • Economic Scenario, Foreign Direct Investment, Major Infrastructure Projects in Qatar

Section 3 - Qatar Construction Equipment (Type & Application)
  • Qatar Construction Equipment Market by Type (Volume & Value)
  • Earth Moving Equipment
  • Excavator
  • Backhoe Loader
  • Motor Grader
  • Other Earth Moving Equipment (Other Loaders, Bulldozer, Trencher, Etc.)
  • Road Construction Equipment
  • Asphalt Paver
  • Road Roller
  • Material Handling Equipment
  • Crane
  • Forklift and Telescopic Handler
  • Aerial Platform (Articulated Boom Lifts, Telescopic Boom Lifts, Scissor Lifts, Etc)
  • Qatar Construction Equipment Market by Application (Volume & Value)
  • Construction
  • Mining
  • Manufacturing
  • Others (Power Generation and Utilities, Municipal Corporation Etc)

Section 4: Market Dynamics
  • Market Drivers, Restraints, Trends, Key Economic Regions in Qatar, Advantage Qatar, Fdi in Qatar, Import/Export Trend Analysis, Supply Chain. Covid-19 Impact

Section 5: Technology Development
  • Advent of Technology

Section 6 - Competitive Landscape
  • Competitive Landscape Overview
  • Major Vendors (Caterpillar - Volvo Construction Equipment - Komatsu - Sany - Zoomlion - Liebherr - Yanmar - Hyundai Construction Equipment - Xcmg - Kobelco - Hyundai Doosan Infracore - Liu Gong - Sany - Tadano)
  • Other Prominent Vendors
  • Distributors Profiles

Section 7- Quantitative Summary
  • Quantitative Summary

Section 8 - Report Summary
  • Key Insights
  • Abbreviations
  • List of Graphs
  • List of Tables

Section 9 - Report Scope & Definition
  • Research Methodology
  • Research Objective
  • Market Definition, Inclusion & Exclusion

Companies Mentioned

  • Hyundai Construction Equipment
  • XCMG
  • Zoomlion
  • Sany
  • Volvo
  • Liebherr
  • JCB
  • Komatsu
  • Caterpillar
  • Kobelco
  • Yanmar
  • Tadano
  • Liu Gong
  • Qatar Tractors & Equipment Co.
  • Jaidah Heavy Equipment
  • Qatar Building Co. Heavy Equipment

Methodology


Our research comprises a mix of primary and secondary research. The secondary research sources that are typically referred to include, but are not limited to, company websites, annual reports, financial reports, company pipeline charts, broker reports, investor presentations and SEC filings, journals and conferences, internal proprietary databases, news articles, press releases, and webcasts specific to the companies operating in any given market.

Primary research involves email interactions with the industry participants across major geographies. The participants who typically take part in such a process include, but are not limited to, CEOs, VPs, business development managers, market intelligence managers, and national sales managers. We primarily rely on internal research work and internal databases that we have populated over the years. We cross-verify our secondary research findings with the primary respondents participating in the study.



 

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