6wresearch logo

Post Removal of International Sanctions- Iran Construction Equipment Market is All Set to Record Key Growth - Dubai Chronicle

March 12, 2016

Iran is one of the most potential and untapped markets in the Middle-East region. Iran market declined sharply during 2012-15 due to the imposition of the US Sanctions. These sanctions resulted in slowdown of the economy and devaluation of Iranian currency, which affected several construction projects in the country.

However, in 2016, the market is exhibited to regain its momentum on the back of removal of sanctions and expected investments inflow in the country. With these developments, the construction industry is likely to revive, which would create the demand for construction equipment.

According to 6Wresearch, Iran's Construction Equipment Market is anticipated to register 7.9% growth in the year 2016. Over the next six years, entry of international real estate players and expansion of public & private infrastructures is projected, which would fuel the market for construction equipment.

According to Prijo Samuel, Senior Research Analyst, Research and Consulting, 6Wresearch, "Excavator market captured major share of the market pie; however, its market share is expected to decline owing to rising demand for backhoe loaders in the country. Low price and removable attachment (bucket) option available have led for the growth of backhoe loader market.

"Additionally, investments and expansion in the mining industry in the forecast period would further boost the demand for loaders in the country. Metal and oil exploration activities over the next six years, would be the other key drivers for the Iran's construction equipment market," Prijo further added.

According to Shefali Goel, Research Analyst, Research and Consulting, 6Wresearch, "Although, amongst all industries, construction industry contributes major share in the market but mining industry would witness significant growth during the forecast period due to expected FDIs."

"Excavation & demolition and heavy lifting applications are the prime revenue generating applications in Iran's construction equipment market. In excavation application market, excavators accounted for large share, whereas in heavy lifting application loaders have led the market revenues," Shefali concluded.

"Iran Construction Equipment Market (2016-2022)" provides in-depth analysis with 89 figures and 24 tables covered in more than 130 pages. The report estimates and forecast overall Iran construction equipment market by revenue, by types, by industries, by region and by applications such as excavation & demolition, heavy lifting, and recycling and waste management. The report also gives the insights on competitive landscape, market share by companies, companies benchmarking, company profiles, market drivers and restraints.

Media Source: Dubai Chronicle

      Browse More Report

India Antivirus Software Market (2018-2024)

Market Forecast By End User (Individual, Enterprise and Government), By Applications (Windows, MAC and Android/IOS/Linux), By Product Type (Laptop, Desktop PC and Mobile/Tablet PC), By Sales Channels (Online and Offline), By Regions (Northern, Western, Eastern and Southern), By Tier-I Cities (SOHO (<= 25 Users) and SMB (<= 25 Users))...

Read More

Indonesia Elevator & Escalator Market (2017-2023)

Market Forecast By Segments (Elevators (Passenger, Cargo and Home), Escalator (Moving Stairs and Moving Walkways)), By Services (New installation and Maintenance), By Verticals (Residential, Commercial and Industrial), By Regions (Java, Sumatra, Bali & Nusa Tengaera...

Read More

Laos Switchgear Market (2018-2024)

By Voltage (Low Voltage (< 1.1 kV), Medium Voltage (1.1 kV - 36 kV) and High Voltage (> 36 kV)), By Insulation (Medium Voltage (Air, Gas and Others) and High Voltage (Air, Gas and Others)), By Types (Low Voltage (MCB, MCCB, ACB and Others) and Medium Voltage (Indoor (ISG) and Others ...

Read More

India Dishwasher Market (2018-2024)

Market Forecast By Type (Free-Standing and Built-in), By Applications (Residential and Commercial), By Distribution Channels (Multi Branded Stores, Exclusive Stores and Others), By Regions (Northern, Eastern, Western and Southern)...

Read More

Cambodia Switchgear Market (2018-2024)

Market Forecast By Voltage (Low Voltage (< 1.1 kV), Medium Voltage (1.1 kV - 36 kV) and High Voltage (> 36 kV)), By Insulation (Medium Voltage (Air, Gas and Others) and High Voltage (Air and Gas)), By Types (Low Voltage (MCB, MCCB, C&R, ACB, COS and Others)...

Read More

Thailand Switchgear Market (2018-2024)

Market Forecast By Voltage (Low Voltage (< 1.1 kV), Medium Voltage (1.1 kV - 36 kV) and High Voltage (> 36 kV)), By Insulation (Medium Voltage (Air, Gas and Others) and High Voltage (Air and Gas)), By Types (Low Voltage (MCB, MCCB, C&R, ACB, COS and Others)...

Read More

Myanmar Switchgear Market (2018-2024)

Market Forecast By Voltage (Low Voltage (< 1.1 kV), Medium Voltage (1.1 kV - 36 kV) and High Voltage (> 36 kV)), By Insulation (Medium Voltage (AIS, GIS and Others) and High Voltage (AIS, GIS and Others)), By Types (Low Voltage (MCB, MCCB, C&R, ACB, COS and Others)...

Read More

Vietnam Switchgear Market (2018-2024)

Market Forecast By Voltage (Low Voltage (< 1.1 kV), Medium Voltage (1.1 kV - 36 kV) and High Voltage (> 36 kV)), By Insulation (Medium Voltage (AIS, GIS and Others) and High Voltage (AIS, GIS and Others)), By Types (Low Voltage (MCB, MCCB, C&R, ACB, COS and Others)...

Read More

UAE Kitchen Hood Market (2018-2024)

Market Forecast By Installation Type (Wall Mounted, Island Mounted and Under-Cabinet), By Applications (Residential and Commercial), By Fitting Type (Ducted/Extracting and Ductless/Recirculated), By Regions...

Read More


Our Key Clients
6wreserach client list


6Wresearch Events
6wreserach events