6wresearch logo

GCC construction equipment market at 1.6% growth

November 17, 2016

The GCC construction equipment market will grow at a compound annual growth rate (CAGR) of 1.6% from 2016 through to 2022, according to a detailed forecast by 6Wresearch.

In a 330-page report, GCC Construction Equipment Market (2016-2022), 6Wresearch looks at many of the major manufacturers in the region, including Komatsu, Volvo, Caterpillar, Hitachi, Tadano, Manitowoc, CNH, Doosan and Kobelco.

The study notes that earthmoving equipment continues to hold the highest revenue share in the GCC construction equipment market, and that the growth in this segment will fall in line with the topline projection of a 1.6% CAGR.

"Though market for construction equipment was affected by falling oil prices, it is expected to regain momentum post 2017 due to the recovery of oil prices and initiatives taken by the governments to diversify their country's economies," noted 6Wresearch assistant manager Prijo Samuel.

In terms of the key focus areas for the market, public infrastructure development initiatives in Saudi Arabia, UAE, Qatar and Kuwait will continue to present major opportunities.

"Infrastructure projects such as Riyadh Metro, Dubai Metro expansion, Kuwait Metro and Muscat International Airport in Oman, coupled with new residential construction projects, will continue to fuel the demand for new construction equipment," added 6Wresearch analyst Sathi Paul.

"Utility projects such as nuclear power projects, desalination plants across the GCC countries will further drive the growth of the market over the next six years."

The report also notes that compared to other markets the GCC construction equipment market is highly consolidated, with a few international players having acquired the major market share through their tie-ups with local distributors/dealers.

Media Source: Construction Week Online

      Browse More Report

India Electric Drives Market (2017-2023)

Market Forecast by Types (AC Drives and DC Drives), By End-Users (Oil and Gas, Water & Waste Water Treatment, Chemicals & Petrochemicals, Power Generation, Mining, Food & Beverages and Others), By Applications (Fans, Pumps, Compressors, Conveyors and Extruders)...

Read More

India Telecom Tower Power Systems Market (2017-2023)

Market Forecast By Types (Reliable Grid (Diesel Genset, Batteries (Lead Acid and Lithium Ion) and Solar), Unreliable Grid (Diesel Genset, Batteries (Lead Acid and Lithium Ion) and Solar), Off Grid (Diesel Genset, Batteries (Lead Acid) and Solar)), By Regions...

Read More

India Servo Motors and Drives Market (2017-2023)

Market Forecast By Servo Motors and Drive Types (Servo Motors (AC Servo Motors, DC Brushless Motors, Brushed DC Motors and Linear Servo Motors), Servo Drives (AC Servo Drive and DC Servo Drive)), By Voltage Range (Low Voltage and Medium Voltage), By Communication Protocol (Fieldbus and Industrial Ethernet), By Brake Type...

Read More

Pakistan Air Conditioner Market (2017-2023)

Market Forecast By Type (Window AC, Spilt AC, Floor Standing, Cassette, Suspended, Packaged, Ceiling Concealed/ Ducted Split, Centralized, Chiller, VRF, AHU/FCU), By Applications (Residential, Commercial Buildings & Retail, Government & Transportation...

Read More

India Submersible Pumps Market (2017-2023)

Market Forecast By Types (Openwell Submersible Pumps and Borewell Submersible Pumps), By Applications (Agriculture, Residential & Commercial and Industrial), By Industry (Construction, Oil & Gas, Water & Sewage, Chemical, Power Utilities, Mining and Others), By Regions...

Read More

India Diesel Engine Market (2018-23)

Market Forecast By Types (≤30 Hp, 31-100 Hp, 101-160 Hp, 161-200 Hp, 200-5000 Hp and Above 5000 Hp), By Applications (Agricultural, Automotive, Power, Construction Equipment and Industrial), By Regions (Northern, Western, Eastern and Southern) and Competitive Landscape

Read More

GCC Digital Signage Market (2017-2023)

Market Forecast By Components (Display Screens, Content Players and Software), By Display Screen Types (Single Screen, Video Wall or Multi Screen and Digital Signage Kiosk), By Display Screen Technologies (LED, OLED and QLED), By Display Screen Size...

Read More

India Fire Safety Systems and Equipment Market (2017-2023)

Market Forecast By Type (Fire Fighting Systems & Equipment (Fire Extinguishers (Dry Chemical, CO2, Clean Agent, Foam Fire, Wet Chemical and Water), Fire Suppression Systems (Clean Agent (FM 200, Novec), Carbon Dioxide, Wet Chemical Fire and Dry Chemical)...

Read More


Our Key Clients
6wreserach client list