Market Forecast by Countries (Saudi Arabia, UAE, Qatar, Kuwait, Oman, Bahrain, and Turkey), By Product (Excavators, Loaders, Dump Trucks, Others), By Application (Construction, Mining, Agriculture & Forestry, Others), And Competitive Landscape
Product Code: ETC060790 | Publication Date: May 2021 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 200 | No. of Figures: 90 | No. of Tables: 30 |
Middle East Earthmoving Equipment Market is projected to register significant growth in the upcoming years. The construction industry in the Middle East region had witnessed a sharp increase over the few years owing to factors such as high economic growth, rising middle class, population growth, increasing foreign investments, etc. Countries such as the UAE, Saudi Arabia, Egypt, and Oman are initiating many infrastructure projects such as new airport projects, new megacities, harbor projects, railway projects, housing projects, etc., which is expected to create a demand for Earthmoving Equipment. Moreover, small construction projects such as building new flyovers, bridges, building new commercial centers, roads, etc., which develop the city’s infrastructure are also creating a demand for Earthmoving Equipment. Additionally, the recovery of oil prices has resulted in growth in the construction sector with increased infrastructure spending in major cities such as UAE and Qatar for upcoming events like the FIFA world cup and Dubai Expo. These factors would further spur the growth of the Earthmoving Equipment market in the Middle East region.
According to 6Wresearch, Middle East Earthmoving Equipment Market size is anticipated to witness growth during 2021-2027. Recent initiatives taken by governments of several countries to revive the region’s economy from a worldwide crisis would support the growth of the Earthmoving Equipment market in the Middle East region. For instance, the UAE Central Bank has allocated incentives for SMEs and local banks to revive and develop the construction sector of the region. Additionally, the central bank also declared to offer incentives through collateralized loans at zero cost to all banks operating in the UAE, as well as an additional incentive that would be freed up from lenders’ capital buffers. Mobile cranes and earthmoving equipment dominate the overall Middle East Earthmoving Equipment market share due to their wide application at construction sites for excavation and lifting heavyweights. The COVID-19 spread has resulted in a slowdown of economic activity in the region. The region has witnessed shutdown or delay of major construction projects across several cities which hinder the growth of the Earthmoving Equipment market in the region over the coming years.
Based on application, the construction segment is anticipated to lead the market growth over the coming years due to a large number of upcoming infrastructure projects in the region. Additionally, mobile cranes and earthmoving equipment captured major pie in the overall Middle East Earthmoving Equipment market share due to their extensive usage at construction sites for excavation and lifting heavyweights. East Earthmoving Equipment market share due to their extensive usage at construction sites for excavation and lifting heavyweights. The Earthmoving Equipment market in the Middle East region witnessed sluggish growth on account of the crude oil price crash. The demand for earthmoving equipment is directly reliant on infrastructural projects. However, the Earthmoving Equipment market in the Middle East region is expected is regain momentum due to the recovery of crude oil prices, diversification of the economy, and government-supported infrastructural expansion projects including offices, hospitals, retail, educational institutions, and malls in the region.
Middle East Earthmoving Equipment market report thoroughly covers the market by product, applications, and countries including Qatar, UAE, Saudi Arabia, and the Rest of the Middle East region. The Middle East Earthmoving Equipment market outlook report provides an unbiased and detailed analysis of the ongoing Middle East Earthmoving Equipment market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies accordingly to the current and future market dynamics.
Middle East Earthmoving Equipment Market is projected to witness substantial growth in the years ahead on the back of the rising infrastructure development of the commercial sector such as shopping centers, airports, and food courts with the rising growth of the population. Additionally, not only the aforementioned sector but the growing hospitality sector across the region with some ongoing construction projects such as Qiddiya, the Red Sea, and Lusail City are estimated to leave a favorable impact on the market growth of the earthmoving equipment in the coming time zone.
Middle East Earthmoving Equipment Market is projected to witness substantial growth in the years ahead on the back of the rising infrastructure development of the commercial sector such as shopping centers, airports, and food courts with the rising growth of the population. Additionally, not only the aforementioned sector but the growing hospitality sector across the region with some ongoing construction projects such as Qiddiya, the Red Sea, and Lusail City are estimated to leave a favorable impact on the market growth of the earthmoving equipment in the coming time zone.
Markets Covered
The Market Report includes the following segments:
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Middle East Earthmoving Equipment Market Overview |
3.1 Middle East Regional Macro Economic Indicators |
3.2 Middle East Earthmoving Equipment Market Revenues & Volume, 2020 & 2027F |
3.3 the Middle East Earthmoving Equipment Market - Industry Life Cycle |
3.4 the Middle East Earthmoving Equipment Market - Porter's Five Forces |
3.5 Middle East Earthmoving Equipment Market Revenues & Volume Share, By Countries, 2020 & 2027F |
3.6 Middle East Earthmoving Equipment Market Revenues & Volume Share, By Product, 2020 & 2027F |
3.7 Middle East Earthmoving Equipment Market Revenues & Volume Share, By Application, 2020 & 2027F |
4 Middle East Earthmoving Equipment Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 the Middle East Earthmoving Equipment Market Trends |
6 Saudi Arabia Earthmoving Equipment Market, 2017 - 2027 |
6.1.1 Saudi Arabia Earthmoving Equipment Market, Revenues & Volume, By Product, 2017 - 2027 |
6.1.2 Saudi Arabia Earthmoving Equipment Market, Revenues & Volume, By Application, 2017 - 2027 |
7 UAE Earthmoving Equipment Market, 2017 - 2027 |
7.1 UAE Earthmoving Equipment Market, Revenues & Volume, By Product, 2017 - 2027 |
7.2 UAE Earthmoving Equipment Market, Revenues & Volume, By Application, 2017 - 2027 |
8 Qatar Earthmoving Equipment Market, 2017 - 2027 |
8.1 Qatar Earthmoving Equipment Market, Revenues & Volume, By Product, 2017 - 2027 |
8.2 Qatar Earthmoving Equipment Market, Revenues & Volume, By Application, 2017 - 2027 |
9 Kuwait Earthmoving Equipment Market, 2017 - 2027 |
9.1 Kuwait Earthmoving Equipment Market, Revenues & Volume, By Product, 2017 - 2027 |
9.2 Kuwait Earthmoving Equipment Market, Revenues & Volume, By Application, 2017 - 2027 |
10 Oman Earthmoving Equipment Market, 2017 - 2027 |
10.1 Oman Earthmoving Equipment Market, Revenues & Volume, By Product, 2017 - 2027 |
10.2 Oman Earthmoving Equipment Market, Revenues & Volume, By Application, 2017 - 2027 |
11 Bahrain Earthmoving Equipment Market, 2017 - 2027 |
11.1 Bahrain Earthmoving Equipment Market, Revenues & Volume, By Product, 2017 - 2027 |
11.2 Bahrain Earthmoving Equipment Market, Revenues & Volume, By Application, 2017 - 2027 |
12 Turkey Earthmoving Equipment Market, 2017 - 2027 |
12.1 Turkey Earthmoving Equipment Market, Revenues & Volume, By Product, 2017 - 2027 |
12.2 Turkey Earthmoving Equipment Market, Revenues & Volume, By Application, 2017 - 2027 |
13 Rest of Middle East Earthmoving Equipment Market, 2017 - 2027 |
13.1 Rest of Middle East Earthmoving Equipment Market, Revenues & Volume, By Product, 2017 - 2027 |
13.2 Rest of Middle East Earthmoving Equipment Market, Revenues & Volume, By Application, 2017 - 2027 |
14 the Middle East Earthmoving Equipment Market Key Performance Indicators |
15 Middle East Earthmoving Equipment Market - Opportunity Assessment |
15.1 the Middle East Earthmoving Equipment Market Opportunity Assessment, By Countries, 2020 & 2027F |
15.2 the Middle East Earthmoving Equipment Market Opportunity Assessment, By Product, 2020 & 2027F |
15.3 the Middle East Earthmoving Equipment Market Opportunity Assessment, By Application, 2020 & 2027F |
16 Middle East Earthmoving Equipment Market - Competitive Landscape |
16.1 Middle East Earthmoving Equipment Market Revenue Share, By Companies, 2020 |
16.2 the Middle East Earthmoving Equipment Market Competitive Benchmarking, By Operating and Technical Parameters |
17 Company Profiles |
18 Recommendations |
19 Disclaimer |