Kenya Used Construction Equipment Market (2021-2027) | Growth, Size, Analysis, Revenue, Forecast, Outlook, Companies, Share, COVID-19 IMPACT, Industry, Value & Trends

Market Forecast By Equipment Type (Cranes, Tractors & Bulldozers, Earth Moving Equipment (Loaders, Excavators, Motor Grader), Material Handling Equipment, Dump Trucks, Aerial Work Platform, Road Construction Work Platform) and competitive landscape

Product Code: ETC060886 Publication Date: Jul 2021 Updated Date: Jun 2024 Product Type: Report
Publisher: 6Wresearch No. of Pages: 70 No. of Figures: 8 No. of Tables: 10

Latest (2024) Development of the Kenya Used Construction Equipment Market

The Kenya used construction equipment market has shown significant growth, propelled by major infrastructure projects and urban development initiatives. Increased governmental and private sector investments in roads, bridges, and housing projects have spurred demand for affordable construction equipment. Consequently, the market for used machinery has expanded, providing an economical alternative to new equipment. 

Additionally, the adoption of technology to refurbish and maintain used equipment has improved reliability and performance, making it a viable choice for many construction firms. With the government's focus on the "Big Four Agenda," which includes affordable housing and infrastructure development, the market for used construction equipment is expected to continue its upward trajectory.

Topics Covered in the Kenya Used Construction Equipment Market

Kenya Used Construction Equipment Market report thoroughly covers the market by equipment type. The report provides an unbiased and elaborate analysis of the ongoing trends, opportunities/high growth areas and market drivers, which might facilitate the stakeholders to plan and align their market methods per the present and future market dynamics.

Kenya Used Construction Equipment Market Synopsis

Kenya Used Construction Equipment Market is expected to show growth due to the growing demand for affordable construction instrumentation, and used construction equipment are considerably low prices compared to new instrumentation. Construction contractors are shifting toward the acquisition of used instrumentation for specific jobs like earthmoving, piling, and compacting. The amplifying market trend of buying used construction instrumentation to finish explicit tasks in giant public sector construction is anticipated to drive the market statistics through 2027.

The used construction instrumentation market showed steady growth throughout the COVID-19 pandemic. Government authorities across the countries conjointly focused on investment in treatment & medical facilities rather than public construction. However, the trade revived within the later part of the year on the reopening of economic and industrial activities.

According to 6Wresearch, Kenya Used Construction Equipment Market size is projected to grow at CAGR of 5.4% during 2021-27.  The used construction instrumentation market revenues in East Africa are anticipated to witness extensive growth throughout the forecast period on the back of govt. Policies are shifting in favour of economic diversification, open economy, and inspiring investment, which might positively influence the construction sector within the country, which would augment the demand for used construction equipment.

Kenya Used Construction Equipment Market

Kenya Used Construction Equipment Market: Key Players

The Kenya used construction equipment market is characterized by the presence of several key players who drive the market dynamics through innovation, competitive pricing, and comprehensive service offerings. Major players in this sector include Mantrac Kenya Ltd, a prominent distributor of Caterpillar equipment, and Panafrican Equipment Group, which offers a range of Komatsu machinery. Other notable participants include Holman Brothers Ltd, which deals in a variety of construction and mining equipment, and Achelis Kenya Ltd, known for its broad portfolio of heavy machinery solutions. 

Kenya Used Construction Equipment Market: Government Initiatives 

The government has undertaken several initiatives to boost the construction sector, indirectly benefiting the market for used construction equipment. Key among these is the "Big Four Agenda," which emphasizes affordable housing, manufacturing, universal healthcare, and food security. To support these pillars, the government has increased infrastructure spending, creating demand for both new and used construction equipment. Furthermore, the introduction of favourable import policies and incentives for construction companies has facilitated the acquisition of cost-effective used machinery. These efforts aim to not only accelerate economic growth but also make advanced construction technologies more accessible to local firms, thereby enriching the market for second-hand equipment.

Market Analysis by Equipment Type

The earthmoving instrumentation market accounted for the majority share in 2020 and is projected to witness high growth throughout 2021 to 2027 because of the upcoming public infrastructure projects in the countries. The increasing focus of presidency authorities on the evolution of road networks contributes to the used construction instrumentation market growth.

 

Key Highlights of the Report:

  • COVID-19 Impact on the Market.
  • 10 Years Market Numbers.
  • Historical Data Starting from 2017 to 2020.
  • Base Year: 2020
  • Forecast Data until 2027.
  • Key Performance Indicators Impacting the Market.
  • Major Upcoming Developments and Projects.

 

Kenya Used Construction Equipment Market: FAQs
The report not only has considered COVID-19 impact but also current market dynamics, trends and KPIs into consideration.
The Kenya Used Construction Equipment Market revenue is anticipated to record a CAGR of 5.4% during 2021-27.
Excavators earth moving equipment type segment has dominated the market revenues led by the growing demand of the product in cold storage industry.
Earth moving equipment would record key growth throughout the forecast period 2021-27.
The key players of the market include- Action Construction Equipment Ltd, Caterpillar Incorporation, Case Construction, Doosan Heavy Industries & Construction, Hitachi Construction Machinery, Hyundai Construction Equipment, Joseph Cyril Bamford Excavators Ltd, Sany Heavy Industry Co., Ltd., Volvo construction Equipment, XCMG East Africa Limited
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1. Executive Summary
2. Introduction
2.1. Report Description
2.2. Key Highlights of the Report
2.3. Market Scope & Segmentation
2.4. Research Methodology
2.5. Assumptions
3. Kenya Used Construction Equipment Market Overview
3.1. Kenya Used Construction Equipment Market Revenues and Volume 2017-2027F
3.2. Kenya Used Construction Equipment Market - Industry Life Cycle (2019)
3.3. Kenya Used Construction Equipment Market - Porter’s Five Forces
4. Kenya Used Construction Equipment Market Dynamics
4.1. Impact Analysis
4.2. Market Drivers
4.3. Market Restraints
5. Kenya Used Construction Equipment Market Trends
6. Kenya Used Construction Equipment Market Revenue and Volume Share, By Equipement Type 2020 & 2027F
6.1. Kenya Cranes Market Revenues & Volume 2017-2027F
6.2. Kenya Construction Tractors & Bulldozers Market Revenues & Volume 2017-2027F
6.3. Kenya Earth Moving Equipment Market Revenues & Volume 2017-2027F
6.3.1. Kenya Earth Moving Equipment Market Revenues & Volume Shares 2020 & 2027F
6.3.2. Kenya Loaders Market Revenues & Volume 2017-2027F
6.3.3. Kenya Excavaters Market Revenues & Volume 2017-2027F
6.3.4. Kenya Motor Grader Market Revenues & Volume 2017-2027F
6.4. Kenya Material Handling Market Revenues & Volume 2017-2027F
6.5. Kenya Dump Trucks Market Revenues & Volume 2017-2027F
6.6. Kenya Aerial Work Platform Market Revenues & Volume 2017-2027F
6.7. Kenya Road Construction Work Platform Market Revenues & Volume 2017-2027F
7. Kenya Used Construction Equipment Market - Key Performance Indicators
8. Kenya Used Construction Equipment Market Opportunity Assessment
8.1. Kenya Used Construction Equipment Market Opportunity Assessment, By Equipement Type, 2027F
9. Kenya Used Construction Equipment Market-Competitive Landscape
9.1. Kenya Used Construction Equipment Market Competitive Landscape, By Technical & Operating Parameters
9.2. Kenya Used Construction Equipment Market Ranking, By Company, 2020
10. Company Profiles
10.1. Action Construction Equipment Ltd
10.2. Caterpillar Incorporation
10.3. Case Construction
10.4. Doosan Heavy Industries & Construction
10.5. Hitachi Construction Machinery
10.6. Hyundai Construction Equipment
10.7. Joseph Cyril Bamford Excavators Ltd
10.8. Sany Heavy Industry Co., Ltd.
10.10. Volvo construction Equipment
10.10. XCMG East Africa Limited
11. Key Strategic Recommendations
12. Disclaimer
LIST OF TABLES
1. Reported Number of Private and Public Buildings Completed in Kenya, 2015 – 2019
2. Kenya Used Construction Equipment Market Revenues, By Equipment Type, 2017-2027F ($ Million)
3. Kenya Used Construction Equipment Market Volume, By Equipment Type, 2017-2027F (Units)
4. Kenya Used Construction Equipment Market Revenues, By Earth Moving Equipment Type, 2017-2027F ($ Million)
5. Kenya Used Construction Equipment Market Volume, By Earth Moving Equipment Type, 2017-2027F (Units)
6. Kenya Ongoing Road Projects
7. Kenya Planned Road Projects
8. Kenya Ongoing Skyscraper Projects
9. Kenya Planned Highway Projects
10. Kenya Upcoming Mega Projects
LIST OF FIGURES
1. Kenya Used Construction Equipment Market Revenues and Volume, 2017-2027F ($ Million, Units)
2. Kenya Used Construction Equipment Market Revenues and Volume, 2017-2027F ($ Million, Units)
3. Kenya Used Construction Equipment Market Revenue Share, By Equipment, 2020 & 2027F
4. Kenya Used Construction Equipment Market Volume Share, By Equipment, 2020 & 2027F
5. Kenya Used Construction Equipment Market Revenue Share, By Earth Moving Equipment, 2020 & 2027F
6. Kenya Used Construction Equipment Market Volume Share, By Earth Moving Equipment, 2020 & 2027F
7. Kenya Used Construction Equipment Market Opportunity Assessment, By Equipment Type, 2027F
8. Kenya Used Construction Equipment Market Ranking, By Company, 2020
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