Market Forecast by Countries (Saudi Arabia, UAE, Qatar, Kuwait, Oman, Bahrain and Turkey), By Platform (Single Hull Vessel, Catamaran, Semi-submersible, Others), By Lifting Capacity (Less Than 1,000 Tons, 1,000 – 10,000 Tons, More Than 10,000 Tons), By End Use Industry (Oil & Gas, Shipbuilding, Transportation & Logistics, Power Generation, Others) And Competitive Landscape
Product Code: ETC401912 | Publication Date: Nov 2022 | Product Type: Market Research Report | |
Publisher: 6Wresearch | No. of Pages: 250 | No. of Figures: 50 | No. of Tables: 25 |
The Middle East Floating Crane Market is expected to grow during the forecast period owing to various reasons such as increasing construction activity and industrialization in the region, which are projected to create new opportunities for these cranes. However, there are certain challenges that the market faces such as stringent environmental regulations and rising prices of raw materials, which could limit the growth of this market segment in future years.
According to 6Wresearch, the Middle East Floating Cranes Market size is expected to grow during 2022-2028. Cranes play a vital role in daily construction and industrial activities. The major factors that are contributing to the growth of this market include the increasing need for infrastructure development owing to expanding economies in GCC countries, rising investments in renewable energy projects, and increasing industrialization in the Asia-Pacific region. Moreover, government initiatives such as Smart Cities Program and Urban Transformation Program are also expected to boost the demand for floating cranes in the region.
One of the key drivers of this market is the rising demand for offshore wind farms in the region. The availability of water and offshore wind farms in these regions provides ample opportunities for these cranes to be used for construction and other industrial purposes. Additionally, increasing investments in renewable energy initiatives by regional governments is also expected to drive this Middle East Floating Cranes Market Growth.
This growth can also be attributed to the increasing demand for construction and other industrial projects in the region, as well as the increasing end-user industries such as oil & gas, power, infrastructure, and chemical & petrochemical.
The floating crane market in the Middle East is segmented based on country including Saudi Arabia, UAE, Kuwait, Egypt, and Oman among others. These countries have different climatic conditions that affect the demand for cranes; for instance, Egypt has a warm climate while UAE has a hot desert climate where heavy equipment can be operated without any issues. The market in Kuwait is segmented based on types of cranes including tower cranes, gantry cranes, and bucket cranes.
Saudi Arabia is the leading country in the region with a market share in terms of Middle East Floating Cranes Market revenue. This is due to the high demand for construction and industrial projects in this country. Other countries such as UAE, Egypt, and Kuwait are expected to witness significant growth during the forecast period owing to increasing industrialization and construction activity. Oman is expected to emerge as a key player in the region over the next few years owing to its strategic location at the heart of the Middle East.
The pandemic affected the Global Floating Cranes Market owing to many factors. Some of them include directly affecting the end-user industries such as Oil & Gas, Shipbuilding, Transportation & Logistics, Power Generation, and Others which provide the major demand for the cranes. They suffered heavy losses due to strict lockdown and no movement policy directly affecting the investment in the market. The market requires heavy investment and constant money flow to sustain its profits as the profit margin in big machinery is not huge as they require huge resources to be poured when the order is placed by the consumers.
The competition in the Middle East Floating Crane Market share is predominantly dominated by companies such as:
These companies are engaged in manufacturing and supplying floating cranes across different countries in the region. Some of the other key players in this market includeΒ
The report offers a comprehensive study of the subsequent market 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 Floating Cranes Market Overview |
3.1 Middle East Regional Macro Economic Indicators |
3.2 Middle East Floating Cranes Market Revenues & Volume, 2021 & 2028F |
3.3 Middle East Floating Cranes Market - Industry Life Cycle |
3.4 Middle East Floating Cranes Market - Porter's Five Forces |
3.5 Middle East Floating Cranes Market Revenues & Volume Share, By Countries, 2021 & 2028F |
3.6 Middle East Floating Cranes Market Revenues & Volume Share, By Platform, 2021 & 2028F |
3.7 Middle East Floating Cranes Market Revenues & Volume Share, By Lifting Capacity, 2021 & 2028F |
3.8 Middle East Floating Cranes Market Revenues & Volume Share, By End Use Industry, 2021 & 2028F |
4 Middle East Floating Cranes Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Middle East Floating Cranes Market Trends |
6 Saudi Arabia Floating Cranes Market, 2018 - 2028 |
6.1.1 Saudi Arabia Floating Cranes Market, Revenues & Volume, By Platform, 2018 - 2028 |
6.1.2 Saudi Arabia Floating Cranes Market, Revenues & Volume, By Lifting Capacity, 2018 - 2028 |
6.1.3 Saudi Arabia Floating Cranes Market, Revenues & Volume, By End Use Industry, 2018 - 2028 |
7 UAE Floating Cranes Market, 2018 - 2028 |
7.1 UAE Floating Cranes Market, Revenues & Volume, By Platform, 2018 - 2028 |
7.2 UAE Floating Cranes Market, Revenues & Volume, By Lifting Capacity, 2018 - 2028 |
7.3 UAE Floating Cranes Market, Revenues & Volume, By End Use Industry, 2018 - 2028 |
8 Qatar Floating Cranes Market, 2018 - 2028 |
8.1 Qatar Floating Cranes Market, Revenues & Volume, By Platform, 2018 - 2028 |
8.2 Qatar Floating Cranes Market, Revenues & Volume, By Lifting Capacity, 2018 - 2028 |
8.3 Qatar Floating Cranes Market, Revenues & Volume, By End Use Industry, 2018 - 2028 |
9 Kuwait Floating Cranes Market, 2018 - 2028 |
9.1 Kuwait Floating Cranes Market, Revenues & Volume, By Platform, 2018 - 2028 |
9.2 Kuwait Floating Cranes Market, Revenues & Volume, By Lifting Capacity, 2018 - 2028 |
9.3 Kuwait Floating Cranes Market, Revenues & Volume, By End Use Industry, 2018 - 2028 |
10 Oman Floating Cranes Market, 2018 - 2028 |
10.1 Oman Floating Cranes Market, Revenues & Volume, By Platform, 2018 - 2028 |
10.2 Oman Floating Cranes Market, Revenues & Volume, By Lifting Capacity, 2018 - 2028 |
10.3 Oman Floating Cranes Market, Revenues & Volume, By End Use Industry, 2018 - 2028 |
11 Bahrain Floating Cranes Market, 2018 - 2028 |
11.1 Bahrain Floating Cranes Market, Revenues & Volume, By Platform, 2018 - 2028 |
11.2 Bahrain Floating Cranes Market, Revenues & Volume, By Lifting Capacity, 2018 - 2028 |
11.3 Bahrain Floating Cranes Market, Revenues & Volume, By End Use Industry, 2018 - 2028 |
12 Turkey Floating Cranes Market, 2018 - 2028 |
12.1 Turkey Floating Cranes Market, Revenues & Volume, By Platform, 2018 - 2028 |
12.2 Turkey Floating Cranes Market, Revenues & Volume, By Lifting Capacity, 2018 - 2028 |
12.3 Turkey Floating Cranes Market, Revenues & Volume, By End Use Industry, 2018 - 2028 |
13 Rest of Middle East Floating Cranes Market, 2018 - 2028 |
13.1 Rest of Middle East Floating Cranes Market, Revenues & Volume, By Platform, 2018 - 2028 |
13.2 Rest of Middle East Floating Cranes Market, Revenues & Volume, By Lifting Capacity, 2018 - 2028 |
13.3 Rest of Middle East Floating Cranes Market, Revenues & Volume, By End Use Industry, 2018 - 2028 |
14 Middle East Floating Cranes Market Key Performance Indicators |
15 Middle East Floating Cranes Market - Opportunity Assessment |
15.1 Middle East Floating Cranes Market Opportunity Assessment, By Countries, 2021 & 2028F |
15.2 Middle East Floating Cranes Market Opportunity Assessment, By Platform, 2021 & 2028F |
15.3 Middle East Floating Cranes Market Opportunity Assessment, By Lifting Capacity, 2021 & 2028F |
15.4 Middle East Floating Cranes Market Opportunity Assessment, By End Use Industry, 2021 & 2028F |
16 Middle East Floating Cranes Market - Competitive Landscape |
16.1 Middle East Floating Cranes Market Revenue Share, By Companies, 2021 |
16.2 Middle East Floating Cranes Market Competitive Benchmarking, By Operating and Technical Parameters |
17 Company Profiles |
18 Recommendations |
19 Disclaimer |