Market Forecast by Countries (South Africa, Nigeria, Kenya, Rest of Africa), By Product (Excavators, Loaders, Dump Trucks, Others), By Application (Construction, Mining, Agriculture & Forestry, Others) And Competitive Landscape
Product Code: ETC056640 | Publication Date: Feb 2021 | Product Type: Market Research Report | |
Publisher: 6Wresearch | No. of Pages: 200 | No. of Figures: 90 | No. of Tables: 30 |
Africa Earthmoving equipment market is expected to witness growth over the coming years. The growing construction sector across several African countries has increased the demand for construction machinery and equipment. Additionally, the rising demand for used construction machinery in real estate and construction activities in African countries has created a significant rise in the demand for bar-bending, concrete mixers, and cutting machines, excavators, and backhoes, and earth rammers in Africa. Moreover, developing economies across many African countries have increased the need for improving infrastructure in the region. The government, development authorities, and various companies are investing in infrastructural expansion along with irrigation and mining projects in the region. However, the market is registering a slowdown due to the current coronavirus pandemic. The region has witnessed shutdown or delay of major construction projects across several cities which hinder the growth of the earthmoving equipment market in the region over the coming years
According to 6Wresearch, the Africa Earthmoving Equipment Market size is anticipated to witness growth during 2021-2027. The market growth is primarily driven by the increasing demand for new and old construction machinery in Africa. Also, the market for loaders, excavators, dump trucks, bulldozers, and cranes is likely to register sound growth in Africa in the upcoming years as a result of increased investment by the government and growing construction activities. In terms of equipment type, earthmoving equipment dominates the overall Africa earthmoving equipment market. All these aspects have contributed enormously to the increased use of construction machinery. An increase in the infrastructural development projects along with a rise in the redevelopment projects is expected to contribute towards the significant adoption of the earthmoving equipment in the country in the coming time zone. The ongoing construction of the Bank of Africa Tower is expected to be a growth contributing factor for Africa earthmoving equipment market and is expected to offer bountiful opportunities to the potential industrialists and to be investors of the market to seek fortunate business growth in the future. ‘’Increasing Environmental Damage Caused by Earthmoving equipment May Limit Growth of the Market”-Earthmoving equipment is considered to be a major source for the ozone precursor emissions in the air. The emissions generated by the earthmoving equipment results in an environmental imbalance across Africa.
Based on product, the earthmoving equipment market is segmented into excavators, loaders, dumpers, and others. Out of which, the loaders segment is expected to hold the market due to the rising demand for the construction industry. The rapid growth in the economy of several countries in Africa has accentuated the need for improving infrastructure. Additionally, other equipment types such as cranes, material handling, and road earthmoving equipment are considered as some of the key growing earthmoving equipment types in the region. Some of the key players in Africa earthmoving equipment market are Caterpillar Inc., Komatsu Ltd, Hitachi Construction Machinery Co, Ltd, and Liebherr.
Africaearthmoving equipment market report thoroughly covers the market by product, applications, and countries including South Africa, Egypt, Kenya, Ethiopia, Nigeria, Algeria, Morocco, Tanzania, Ghana, and the Rest of Africa. Africa earthmoving equipment market outlook report provides an unbiased and detailed analysis of the ongoing Africa earthmoving equipment market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies accordingly to the current and future market dynamics.
Africa Earthmoving Equipment Market is anticipated to register sound revenues in the upcoming six years on the back of the rising government efforts by investing a copious amount in the infrastructural development across the region. Additionally, in the entire region, South Africa is estimated to be a leading country generating a humongous revenue in the market owing to the rising development of the agricultural and mining sector with the growing domestic demand and export practices, hence the adoption of earthmoving equipment is estimated to instigate and is further resulting in the growth of the Africa earthmoving equipment market in the coming timeframe.
Markets Covered
The Market Report includes the following segments:
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Africa Earthmoving Equipment Market Overview |
3.1 Africa Regional Macro Economic Indicators |
3.2 Africa Earthmoving Equipment Market Revenues & Volume, 2020 & 2027F |
3.3 Africa Earthmoving Equipment Market - Industry Life Cycle |
3.4 Africa Earthmoving Equipment Market - Porter's Five Forces |
3.5 Africa Earthmoving Equipment Market Revenues & Volume Share, By Countries, 2020 & 2027F |
3.6 Africa Earthmoving Equipment Market Revenues & Volume Share, By Product, 2020 & 2027F |
3.7 Africa Earthmoving Equipment Market Revenues & Volume Share, By Application, 2020 & 2027F |
4 Africa Earthmoving Equipment Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Africa Earthmoving Equipment Market Trends |
6 Africa Earthmoving Equipment Market, 2017 - 2027 |
6.1 Africa Earthmoving Equipment Market, Revenues & Volume, By Product, 2017 - 2027 |
6.2 Africa Earthmoving Equipment Market, Revenues & Volume, By Application, 2017 - 2027 |
7 South Africa Earthmoving Equipment Market, 2017 - 2027 |
7.1 South Africa Earthmoving Equipment Market, Revenues & Volume, By Product, 2017 - 2027 |
7.2 South Africa Earthmoving Equipment Market, Revenues & Volume, By Application, 2017 - 2027 |
8 Nigeria Earthmoving Equipment Market, 2017 - 2027 |
8.1 Nigeria Earthmoving Equipment Market, Revenues & Volume, By Product, 2017 - 2027 |
8.2 Nigeria Earthmoving Equipment Market, Revenues & Volume, By Application, 2017 - 2027 |
9 Kenya Earthmoving Equipment Market, 2017 - 2027 |
9.1 Kenya Earthmoving Equipment Market, Revenues & Volume, By Product, 2017 - 2027 |
9.2 Kenya Earthmoving Equipment Market, Revenues & Volume, By Application, 2017 - 2027 |
10 Rest of Africa Earthmoving Equipment Market, 2017 - 2027 |
10.1 Rest of Africa Earthmoving Equipment Market, Revenues & Volume, By Product, 2017 - 2027 |
10.2 Rest of Africa Earthmoving Equipment Market, Revenues & Volume, By Application, 2017 - 2027 |
11 Africa Earthmoving Equipment Market Key Performance Indicators |
12 Africa Earthmoving Equipment Market - Opportunity Assessment |
12.1 Africa Earthmoving Equipment Market Opportunity Assessment, By Countries, 2020 & 2027F |
12.2 Africa Earthmoving Equipment Market Opportunity Assessment, By Product, 2020 & 2027F |
12.3 Africa Earthmoving Equipment Market Opportunity Assessment, By Application, 2020 & 2027F |
13 Africa Earthmoving Equipment Market - Competitive Landscape |
13.1 Africa Earthmoving Equipment Market Revenue Share, By Companies, 2020 |
13.2 Africa Earthmoving Equipment Market Competitive Benchmarking, By Operating and Technical Parameters |
14 Company Profiles |
15 Recommendations |
16 Disclaimer |