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 Telecom Tower Power Systems Market (2017-23)

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

Read More

India Servo Motors and Drives Market (2017-23)

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

Oman Air Conditioner Market (2017-2023)

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

Read More


Our Key Clients
6wreserach client list