Kenya Construction Equipment Market (2023-2029) | Share, Size, Outlook, Revenue, Analysis, Forecast, Trends, Growth & COVID-19 IMPACT

Topics Covered in Kenya Construction Equipment Market Report

The Kenya construction equipment market report thoroughly covers the market by types and applications. Kenya construction equipment market outlook report provides an unbiased and detailed analysis of the ongoing Kenya construction equipment market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.

Kenya Construction Equipment Market Synopsis

The Kenya Construction Equipment Market experienced notable growth driven by government investment in infrastructure development. However, due to the global pandemic and its impact on large-scale construction projects and supply chains, the market only grew by a growth rate of 6.6% compared to 10.1% in 2020. Despite these challenges, the construction industry still contributes approximately 5.6% to the country's gross domestic product (GDP). In the past, the industry had witnessed an impressive annual average growth of 13% during its peak a decade ago.

According to 6Wresearch, Kenya Construction Equipment Market size is projected to Grow at a CAGR of 4.5% during 2023-2029. The Kenya construction equipment market is expected to observe significant growth in the coming years, primarily attributed to major projects like the LAPSSET Corridor Program and the Lamu-Isiolo Road, among others, planned under Kenya's Vision 2030. The infrastructure sector in Kenya has witnessed substantial expansion, driven by the Ministry of Transport and Infrastructure's initiatives to enhance transportation networks and promote construction and housing ventures. Notable projects such as Pangani affordable housing projects, Nairobi-Mombasa Highway, Mariguini informal settlement, and Kibera Soweta East zone B exemplify the ongoing development efforts in the country.

Construction Equipment Market in Kenya: Key Players

One of the leading players in the Kenya construction equipment market is Volvo Construction Equipment. They offer a wide range of equipment, including excavators, wheel loaders, and articulated haulers. Another player in the market is SANY Group. They provide a variety of construction equipment, such as concrete pumps, excavators, and cranes. Other notable players in the Kenya construction equipment market include Caterpillar, JCB, Manitou, and Liebherr. These companies have established a strong presence in the market and continue to innovate and improve their offerings to meet the changing demands of the industry.

Kenya Construction Equipment Industry: Government Initiatives

The Kenyan government has launched several initiatives to support the growth of the construction industry and the equipment market. One such initiative is the Affordable Housing Program. This program aims to provide affordable housing for low and middle-income earners by building 500,000 affordable homes by 2022. The program has created a high demand for construction equipment, such as concrete mixers, cranes, and excavators. Another government initiative is the Big Four Agenda. This initiative focuses on four key areas, including affordable housing, universal healthcare, manufacturing, and food security. The government has allocated a significant amount of funding to these areas, which has also contributed to the growth of the construction equipment market in Kenya.

Market by Types

On the basis of types, the earthmoving equipment segments is projected to grow in the coming years. By earthmoving, loaders accounted for highest revenue share in 2022 and anticipated to witness the same trend in future on the back of its extensive use in both construction and mining activities.

Market by Applications

The construction sector recorded the highest revenue share in 2021 and is projected to maintain its dominance in the upcoming years in the Construction Equipment Market in Kenya. This is attributed to the upcoming projects in offices spaces, road and bridge construction, hotels, and healthcare facilities, along with the proposed investment of $7.4 billion in road infrastructure through Public-Private Partnerships. Additionally, the development of the Tanhan River nuclear plant with an investment of $3.8 million is expected to contribute to the growth of the construction equipment market in the future.

Market by Regions

Owing to its significance as a center for the nation's economic growth, the southern region held a significant market revenue share in Kenya's construction equipment market in 2022 owing to major construction activities held in the capital and is anticipated to continue this trend in the coming years.

Key Attractiveness of the Report

• COVID-19 Impact on the Market.
• 11 Years Market Numbers.
• Historical Data Starting from 2019 to 2022.
• Base Year: 2022
• Forecast Data until 2029.
• Key Performance Indicators Impacting the Market.
• Major Upcoming Developments and Projects.

Key Highlights of the Report

• Kenya Construction Equipment Market Outlook
• Market Size of Kenya Construction Equipment Market, 2022
• Forecast of Kenya Construction Equipment Market, 2029
• Historical Data and Forecast of Kenya Construction Equipment Market Revenues & Volume for the Period 2019 - 2029
• Kenya Construction Equipment Market Trend Evolution
• Kenya Construction Equipment Market Drivers and Challenges
• Kenya Construction Equipment Price Trends
• Kenya Construction Equipment Porter's Five Forces
• Kenya Construction Equipment Industry Life Cycle
• Historical Data and Forecast of Kenya Construction Equipment Market Revenues and volume by Type for the Period 2019 – 2029
• Historical Data and Forecast of Kenya Construction Equipment Market Revenues and Volume by Cranes for the Period 2019 - 2029
• Historical Data and Forecast of Kenya Construction Equipment Market Revenues and volume by Construction Tractor and Bulldozer for the Period 2019 - 2029
• Historical Data and Forecast of Kenya Construction Equipment Market Revenues and volume by Earthmoving Equipment for the Period 2019 - 2029
• Historical Data and Forecast of Kenya Construction Equipment Market Revenues and volume by Aerial Work Equipment for the Period 2019 - 2029
• Historical Data and Forecast of Kenya Construction Equipment Market Revenues and volume by Material Handling Equipment for the Period 2019 - 2029
• Historical Data and Forecast of Kenya Construction Equipment Market Revenues and volume by Dump Trucks for the Period 2019 - 2029
• Historical Data and Forecast of Kenya Construction Equipment Market Revenues and volume by Road Construction Equipment for the Period 2019 - 2029
• Historical Data and Forecast of Kenya Construction Equipment Market Revenues and volume by Application for the Period 2019 - 2029
• Historical Data and Forecast of Kenya Construction Equipment Market Revenues and volume by Corporate Enterprise for the Period 2019 - 2029
• Historical Data and Forecast of Kenya Construction Equipment Market Revenues and volume by Oil and Gas for the Period 2019 - 2029
• Historical Data and Forecast of Kenya Construction Equipment Market Revenues and volume by Mining for the Period 2019 - 2029
• Historical Data and Forecast of Kenya Construction Equipment Market Revenues and volume by Others for the Period 2019 – 2029
• Historical Data and Forecast of Kenya Construction Equipment Market Revenues and volume by Regions for the Period 2019 - 2029
• Historical Data and Forecast of Kenya Construction Equipment Market Revenues and volume by Northern for the Period 2019 - 2029
• Historical Data and Forecast of Kenya Construction Equipment Market Revenues and volume by Southern for the Period 2019 - 2029
• Historical Data and Forecast of Kenya Construction Equipment Market Revenues and volume by Eastern for the Period 2019 - 2029
• Historical Data and Forecast of Kenya Construction Equipment Market Revenues and volume by Western for the Period 2019 – 2029
• Kenya Construction Equipment Import Export Trade Statistics
• Market Opportunity Assessment By Type
• Market Opportunity Assessment By Application
• Market Opportunity Assessment By Regions
• Kenya Construction Equipment Top Companies Market Share
• Kenya Construction Equipment Competitive Benchmarking By Technical and Operational Parameters
• Kenya Construction Equipment Company Profiles
• Kenya Construction Equipment Key Strategic Recommendation

Market Scope and Segmentation

The report provides a detailed analysis of the following market segments:

By Types

• Crane
• Bulldozer and Construction Tractor
• Earthmoving Equipment
• Dump Truck
• Material Handling Equipment
• Aerial Work Platform
• Road Construction Equipment

By Applications

• Construction
• Oil & Gas
• Mining
• Others (Municipality, Road Construction etc.)

By Regions

• Northern
• Southern
• Eastern
• Western