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Middle East & Africa Construction Equipment Market Forecast to 2028 - COVID-19 Impact and Regional Analysis - by Equipment Type and Application

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    Report

  • 131 Pages
  • September 2022
  • Region: Africa, Middle East
  • The Insight Partners
  • ID: 5668501
UP TO OFF until Mar 31st 2024
The construction equipment market in Middle East & Africa is expected to grow from US$20,483.57 million in 2022 to US$35,224.78 million by 2028. It is estimated to grow at a CAGR of 9.5% from 2022 to 2028.

Machine learning and artificial intelligence (AI) can assist firms in dealing with an aging workforce and professional skills shortage. AI-enabled machines can pave the way for precise and quick manufacturing, lowering production costs and shortening development time. While AI can alleviate a labor issue, it may also be able to make the equipment industry intuitive and adaptable. Some construction companies are already experimenting with AI-controlled wind turbines that can respond to changing weather conditions and foresee weather and wind changes. It has the potential to improve work efficiency and catastrophe management. In modern structures, AI is being utilized to plan the routing of electrical and plumbing systems. It is being used by businesses to construct workplace safety solutions. AI also helps track the real-time interactions of personnel, machines, and items on the job site and warns managers to avoid potential safety hazards, construction mistakes, and productivity concerns. Construction executives invest in areas where AI may influence their company's specific demands most. Early adopters would shape the industry's future and profit in the short and long term. These all advantages of AI would propel the growth of the construction equipment market in the coming years.

With new features and technologies, vendors can attract new customers and expand their footprints in emerging markets. This factor is likely to drive the Middle East & Africa construction equipment market at a substantial CAGR during the forecast period.

Middle East & Africa Construction Equipment Market Segmentation

The Middle East & Africa construction equipment market is segmented by equipment type, application, and country.
  • Based on equipment type, the market is segmented into heavy construction vehicles, earthmoving equipment, material-handling equipment, and others. In 2022, the material-handling equipment segment held a larger market share and is expected to register a higher CAGR during the forecast period.
  • Based on application, the market is segmented into residential, commercial, and industrial. The commercial segment held the largest market share in 2022 and is expected to register the highest CAGR in the market during the forecast period.
  • Based on country, the regional market is segmented into South Africa, Saudi Arabia, the UAE, and the Rest of the MEA. In 2022, Saudi Arabia held a larger market share. It is also expected to register a higher CAGR during the forecast period.
Caterpillar Inc.; CNH Industrial NV; Komatsu Ltd.; Liebherr; Terex Corporation; Zoomlion Heavy Industry Science & Technology Co., Ltd.; J C Bamford Excavators Ltd. (JCB); Deere & Company; AB Volvo; and Hitachi Construction Machinery Co., Ltd. are the leading companies in the Middle East & Africa construction equipment market.
Frequently Asked Questions about the Middle Eastern & African Construction Equipment Market

What is the estimated value of the Middle Eastern & African Construction Equipment Market?

The Middle Eastern & African Construction Equipment Market was estimated to be valued at $20483.57 Million in 2022.

What is the growth rate of the Middle Eastern & African Construction Equipment Market?

The growth rate of the Middle Eastern & African Construction Equipment Market is 9.5%, with an estimated value of $35224.78 Million by 2028.

What is the forecasted size of the Middle Eastern & African Construction Equipment Market?

The Middle Eastern & African Construction Equipment Market is estimated to be worth $35224.78 Million by 2028.

Who are the key companies in the Middle Eastern & African Construction Equipment Market?

Key companies in the Middle Eastern & African Construction Equipment Market include Caterpillar Inc., CNH Industrial N.V., Komatsu Ltd., Liebherr, Terex Corporation, Zoomlion Heavy Industry Science&Technology Co., Ltd., J C Bamford Excavators Ltd. (JCB), Deere & Company, AB Volvo and Hitachi Construction Machinery Co., Ltd..

Table of Contents

1. Introduction
1.1 Scope of the Study
1.2 Research Report Guidance
1.3 Market Segmentation
1.3.1 Middle East & Africa Construction Equipment Market - By Equipment Type
1.3.2 Middle East & Africa Construction Equipment Market - By Application
1.3.3 Middle East & Africa Construction Equipment Market - By Country
2. Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. Middle East & Africa Construction Equipment Market Landscape
4.1 Market Overview
4.2 PEST Analysis
4.3 Ecosystem Analysis
4.4 Expert Opinion
5. Middle East & Africa Construction Equipment Market - Key Market Dynamics
5.1 Market Drivers
5.1.1 Boosting Infrastructure Investments Post COVID-19 Pandemic
5.1.2 Burgeoning Focus on Public-Private Partnerships (PPP)
5.2 Market Restraints
5.2.1 Lower Deal Value of Construction Equipment Projects
5.3 Market Opportunities
5.3.1 Strengthening Technological Innovations in Construction Equipment
5.4 Future Trends
5.4.1 Heighten Artificial Intelligence
5.5 Impact Analysis of Drivers and Restraints
6. Middle East & Africa Construction Equipment Market Analysis
6.1 Middle East & Africa Construction Equipment Market Overview
6.2 Middle East & Africa Construction Equipment Market Forecast and Analysis
7. Middle East & Africa Construction Equipment Market - By Type
7.1 Overview
7.2 Middle East & Africa Construction Equipment Market, By Equipment Type (2021 and 2028)
7.3 Heavy Construction Vehicles
7.3.1 Overview
7.3.2 Heavy Construction Vehicles: Construction Equipment Market - Revenue and Forecast to 2028 (US$ Million)
7.4 Earthmoving Equipment
7.4.1 Overview
7.4.2 Earthmoving Equipment: Construction Equipment Market - Revenue and Forecast to 2028 (US$ Million)
7.5 Material-Handling Equipment
7.5.1 Overview
7.5.2 Material-Handling Equipment: Construction Equipment Market - Revenue and Forecast to 2028 (US$ Million)
7.6 Others
7.6.1 Overview
7.6.2 Others: Construction Equipment Market - Revenue and Forecast to 2028 (US$ Million)
8. Middle East & Africa Construction Equipment Market - By Application
8.1 Overview
8.2 Middle East & Africa Construction Equipment Market, By Application (2021 and 2028)
8.3 Commercial
8.3.1 Overview
8.3.2 Commercial: Construction Equipment Market - Revenue and Forecast to 2028 (US$ Million)
8.4 Residential
8.4.1 Overview
8.4.2 Residential: Construction Equipment Market - Revenue and Forecast to 2028 (US$ Million)
8.5 Industrial
8.5.1 Overview
8.5.2 Industrial: Construction Equipment Market - Revenue and Forecast to 2028 (US$ Million)
9. Middle East & Africa Construction Equipment Market - Country Analysis
9.1 Overview
9.1.1 Middle East & Africa: Construction Equipment Market, by Key Country
9.1.1.1 South Africa: Construction Equipment Market - Revenue and Forecast to 2028 (US$ Million)
9.1.1.1.1 South Africa: Construction Equipment Market, By Equipment Type
9.1.1.1.2 South Africa: Construction Equipment Market, By Application
9.1.1.2 Saudi Arabia: Construction Equipment Market - Revenue and Forecast to 2028 (US$ Million)
9.1.1.2.1 Saudi Arabia: Construction Equipment Market, By Equipment Type
9.1.1.2.2 Saudi Arabia: Construction Equipment Market, By Application
9.1.1.3 UAE: Construction Equipment Market - Revenue and Forecast to 2028 (US$ Million)
9.1.1.3.1 UAE: Construction Equipment Market, By Equipment Type
9.1.1.3.2 UAE: Construction Equipment Market, By Application
9.1.1.4 Rest of MEA: Construction Equipment Market - Revenue and Forecast to 2028 (US$ Million)
9.1.1.4.1 Rest of MEA: Construction Equipment Market, By Equipment Type
9.1.1.4.2 Rest of MEA: Construction Equipment Market, By Application
10. Industry Landscape
10.1 Overview
10.2 Market Initiative
10.3 Merger and Acquisition
10.4 New Development
11. Company Profiles
11.1 Caterpillar Inc.
11.1.1 Key Facts
11.1.2 Business Description
11.1.3 Products and Services
11.1.4 Financial Overview
11.1.5 SWOT Analysis
11.1.6 Key Developments
11.2 CNH Industrial N.V.
11.2.1 Key Facts
11.2.2 Business Description
11.2.3 Products and Services
11.2.4 Financial Overview
11.2.5 SWOT Analysis
11.2.6 Key Developments
11.3 Komatsu Ltd.
11.3.1 Key Facts
11.3.2 Business Description
11.3.3 Products and Services
11.3.4 Financial Overview
11.3.5 SWOT Analysis
11.3.6 Key Developments
11.4 Liebherr
11.4.1 Key Facts
11.4.2 Business Description
11.4.3 Products and Services
11.4.4 Financial Overview
11.4.5 SWOT Analysis
11.4.6 Key Developments
11.5 Terex Corporation
11.5.1 Key Facts
11.5.2 Business Description
11.5.3 Products and Services
11.5.4 Financial Overview
11.5.5 SWOT Analysis
11.5.6 Key Developments
11.6 Zoomlion Heavy Industry Science&Technology Co., Ltd.
11.6.1 Key Facts
11.6.2 Business Description
11.6.3 Products and Services
11.6.4 Financial Overview
11.6.5 SWOT Analysis
11.6.6 Key Developments
11.7 J C Bamford Excavators Ltd. (JCB)
11.7.1 Key Facts
11.7.2 Business Description
11.7.3 Products and Services
11.7.4 Financial Overview
11.7.5 SWOT Analysis
11.7.6 Key Developments
11.8 Deere & Company
11.8.1 Key Facts
11.8.2 Business Description
11.8.3 Products and Services
11.8.4 Financial Overview
11.8.5 SWOT Analysis
11.8.6 Key Developments
11.9 AB Volvo
11.9.1 Key Facts
11.9.2 Business Description
11.9.3 Products and Services
11.9.4 Financial Overview
11.9.5 SWOT Analysis
11.9.6 Key Developments
11.10 Hitachi Construction Machinery Co., Ltd
11.10.1 Key Facts
11.10.2 Business Description
11.10.3 Products and Services
11.10.4 Financial Overview
11.10.5 SWOT Analysis
11.10.6 Key Developments
12. Appendix
12.1 About the Publisher
12.2 Glossary

Companies Mentioned

A selection of companies mentioned in this report includes:

  • Caterpillar Inc.
  • CNH Industrial N.V.
  • Komatsu Ltd.
  • Liebherr
  • Terex Corporation
  • Zoomlion Heavy Industry Science&Technology Co., Ltd.
  • J C Bamford Excavators Ltd. (JCB)
  • Deere & Company
  • AB Volvo
  • Hitachi Construction Machinery Co., Ltd.