UAE Construction Equipment Market (2024-2030) | Size, Share, Trends, Growth, Revenue, value, industry, Outlook
Market Forecast By By Types (Mobile Cranes, Construction Tractors And Bulldozers, Earthmoving Equipment, Aerial Work Equipment, Material Handling Equipment, Dump Trucks, Road Construction Equipment), By Applications (Corporate Enterprise, Oil And Gas, Mining, Others (Municipality And Road Construction)) And Competitive Landscape
| Product Code: ETC001923 | Publication Date: Dec 2023 | Updated Date: Jan 2024 | Product Type: Report | |
| Publisher: 6Wresearch | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 | |
Topics Covered in UAE Construction Equipment Market Report
UAE construction equipment market report thoroughly covers the market by types, applications and regions. The UAE construction equipment market outlook report provides an unbiased and detailed analysis of the ongoing UAE construction equipment market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.
UAE Construction Equipment Market Synopsis
UAE Construction Equipment Market is predicted to experience steady growth during the forecast period through government investments in infrastructure development, expansion of the tourism sector, and increasing demand for residential and commercial properties. Additionally, the Dubai Harbour project involves the construction of a cruise terminal, a new marina, and other facilities which require a range of construction equipment such as cranes, excavators, and loaders and it drives the UAE Construction Equipment Market Growth.
According to 6Wresearch, the UAE construction equipment market size will likely witness a growth rate (CAGR) of around 4.8% from 2024-2030. This growth is mainly due to the growing construction sector as well as government initiatives toward rising infrastructure spending. Additionally, increasing construction projects in the commercial and residential verticals along with developing the hospitality sector would further fuel the demand for the construction equipment market in UAE during the forecast period. The UAE construction equipment market is expected to witness potential growth in the upcoming six years on the back of the rising growth of varied industries such as the oil & gas, tourism, public & administration, healthcare, and mining industry.
Additionally, rising private sector investment especially in the renewable energy generation process in order to minimize the use of fossil fuels and reduce environmental degradation coupled with modernization in the transportation domain due to technical advancement which is anticipated to augment the demand for construction equipment and would boost the substantial growth of the UAE construction equipment market in the foreseeable future.
UAE Construction Equipment Industry: Leading Companies
The UAE construction equipment market is highly competitive, with several international and domestic players supplying to the market. The leading global construction equipment manufacturers, such as Caterpillar, Komatsu, and JCB, have established themselves in the UAE by forming strategic partnerships with local dealers and suppliers. Meanwhile, significant domestic players such as Genavco, Al-Futtaim Auto and Machinery Company LLC, and Manar Al Omran are well-known suppliers of construction equipment within the UAE. These companies have several years of experience operating in the region, understanding the local market dynamics and the unique requirements of the projects.
Construction Equipment Market in UAE: Government Initiatives
The UAE government is committed to maintaining a robust regulatory framework to promote a safe and efficient construction industry. The Emirates Authority for Standardization and Metrology is responsible for ensuring that construction equipment sold and used in the UAE conforms to quality and safety standards. Equipment manufacturers are required to obtain certification and comply with the necessary regulations before entering the UAE market. The UAE construction equipment market is predicted to expand in the coming years. The UAE government has ambitious plans to develop infrastructure, particularly in sectors such as transport, energy, and tourism. Besides, the government is encouraging foreign investment, which is likely to boost construction activity and, consequently, demand for construction equipment. Furthermore, as construction activity becomes more streamlined, the industry's focus is expected to shift towards sustainable construction practices and technology.
Market Segmentation by Type
According to Abhishek Raj, Senior Research Analyst, 6Wresearch, based on types, earthmoving equipment is registering substantial growth in UAE primarily due to the rising number of public-private partnerships for construction projects.
Market Segmentation by Region
In the UAE, Dubai dominates the overall UAE construction equipment market share followed by Abu Dhabi and other Emirates. Additionally, the residential, hospitality, and transportation sectors lead the overall UAE construction equipment market revenues followed by the oil & gas and industrial sectors.
Key Attractiveness of the Report
- COVID-19 Impact on the Market.
- 10 Years Market Numbers.
- Historical Data Starting from 2020 to 2023.
- Base Year: 2023
- Forecast Data until 2030.
- Key Performance Indicators Impacting the Market.
- Major Upcoming Developments and Projects.
Key Highlights of the Report:
- UAE Construction Equipment Market Outlook
- Market Size of UAE Construction Equipment Market, 2023
- Forecast of UAE Construction Equipment Market, 2030
- Historical Data and Forecast of UAE Construction Equipment Market Revenues & Volume for the Period 2020 - 2030
- UAE Construction Equipment Market Trend Evolution
- UAE Construction Equipment Market Drivers and Challenges
- UAE Construction Equipment Price Trends
- UAE Construction Equipment Porter's Five Forces
- UAE Construction Equipment Industry Life Cycle
- Historical Data and Forecast of UAE Construction Equipment Market Revenues and volume by Type for the Period 2020 - 2030
- Historical Data and Forecast of UAE Construction Equipment Market Revenues and Volume by Cranes for the Period 2020 - 2030
- Historical Data and Forecast of UAE Construction Equipment Market Revenues and volume by Construction Tractor and Bulldozer for the Period 2020 - 2030
- Historical Data and Forecast of UAE Construction Equipment Market Revenues and volume by Earthmoving Equipment for the Period 2020 - 2030
- Historical Data and Forecast of UAE Construction Equipment Market Revenues and volume by Aerial Work Equipment for the Period 2020 - 2030
- Historical Data and Forecast of UAE Construction Equipment Market Revenues and volume by Material Handling Equipment for the Period 2020 - 2030
- Historical Data and Forecast of UAE Construction Equipment Market Revenues and volume by Dump Trucks for the Period 2020 - 2030
- Historical Data and Forecast of UAE Construction Equipment Market Revenues and volume by Road Construction Equipment for the Period 2020 - 2030
- Historical Data and Forecast of UAE Construction Equipment Market Revenues and volume by Application for the Period 2020 - 2030
- Historical Data and Forecast of UAE Construction Equipment Market Revenues and volume by Corporate Enterprise for the Period 2020 - 2030
- Historical Data and Forecast of UAE Construction Equipment Market Revenues and volume by Oil and Gas for the Period 2020 - 2030
- Historical Data and Forecast of UAE Construction Equipment Market Revenues and volume by Mining for the Period 2020 - 2030
- Historical Data and Forecast of UAE Construction Equipment Market Revenues and volume by Others for the Period 2020 - 2030
- Historical Data and Forecast of UAE Construction Equipment Market Revenues and volume by Regions for the Period 2020 - 2030
- Historical Data and Forecast of UAE Construction Equipment Market Revenues and volume by Abu Dhabi for the Period 2020 - 2030
- Historical Data and Forecast of UAE Construction Equipment Market Revenues and volume by Dubai for the Period 2020 - 2030
- Historical Data and Forecast of UAE Construction Equipment Market Revenues and volume by Other Emirates for the Period 2020 - 2030
- UAE Construction Equipment Import Export Trade Statistics
- Market Opportunity Assessment By Type
- Market Opportunity Assessment By Application
- Market Opportunity Assessment By Regions
- UAE Construction Equipment Top Companies Market Share
- UAE Construction Equipment Competitive Benchmarking By Technical and Operational Parameters
- UAE Construction Equipment Company Profiles
- UAE Construction Equipment Key Strategic Recommendation
Market Scope and Segmentation
The report provides a detailed analysis of the following market segments:
By Types:
- Mobile Cranes
- Construction Tractor and Bulldozer
- Earthmoving Equipment
- Aerial Work Equipment
- Material Handling Equipment
- Dump Trucks
- Road Construction Equipment
By Applications:
- Corporate Enterprise
- Oil and Gas
- Mining
- Others (Municipality and Road Construction)
By Regions:
- Abu Dhabi
- Dubai
- Other Emirates
UAE Construction Equipment Market (2024-2030): FAQs
The UAE construction equipment market size will likely witness a growth rate (CAGR) of around 4.8% from 2024-2030.
Some of the key players in the market are Caterpillar, Komatsu, Volvo Construction Equipment, JCB, Xuzhou Construction Machinery Group Co. Ltd. (XCMG), SANY, Kobelco, Zoomlion Heavy Industry Science & Technology Co. Ltd, Hitachi Construction Machinery and Liebherr.
The growth of this market is mainly due to the growing construction sector as well as government initiatives toward rising infrastructure spending.
In the UAE, Dubai dominates the overall UAE construction equipment market share.
6W monitors the market across 60+ countries Globally, publishing an annual market outlook report that analyses trends, key drivers, Size, Volume, Revenue, opportunities, and market segments. This report offers comprehensive insights, helping businesses understand market dynamics and make informed decisions.
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| 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 UAE Construction Equipment Market Overview |
| 3.1 UAE Country Macro Economic Indicators |
| 3.2 UAE Construction Equipment Market Revenues & Volume, 2020 & 2030F |
| 3.3 UAE Construction Equipment Market - Industry Life Cycle |
| 3.4 UAE Construction Equipment Market - Porter's Five Forces |
| 3.5 UAE Construction Equipment Market Revenues & Volume Share, By Type, 2020 & 2030F |
| 3.6 UAE Construction Equipment Market Revenues & Volume Share, By Application 2020 & 2030F |
| 4 UAE Construction Equipment Market Dynamics |
| 4.1 Impact Analysis |
| 4.2 Market Drivers |
| 4.3 Market Restraints |
| 5 UAE Construction Equipment Market Trends |
| 6. UAE Construction Equipment Market , By Type |
| 6.1 UAE Construction Equipment Market Revenues & Volume, By Mobile Cranes 2020 - 2030F |
| 6.2 UAE Construction Equipment Market Revenues & Volume, By Construction Tractor and Bulldozer, 2020 - 2030F |
| 6.3 UAE Construction Equipment Market Revenues & Volume, By Earthmoving Equipment, 2020 - 2030F |
| 6.3 UAE Construction Equipment Market Revenues & Volume, By Aerial Work Equipment, 2020 - 2030F |
| 6.3 UAE Construction Equipment Market Revenues & Volume, By Material Handling Equipment, 2020 - 2030F |
| 6.3 UAE Construction Equipment Market Revenues & Volume, By Dump Trucks, 2020 - 2030F |
| 6.3 UAE Construction Equipment Market Revenues & Volume, By Road Construction Equipment, 2020 - 2030F |
| 7 UAE Construction Equipment Market , By Application |
| 7.1 UAE Construction Equipment Market Revenues & Volume, By Corporate Enterprise, 2020 - 2030F |
| 7.2 UAE Construction Equipment Market Revenues & Volume, By Oil and Gas , 2020 - 2030F |
| 7.3 UAE Construction Equipment Market Revenues & Volume, By Mining, 2020 - 2030F |
| 8 UAE Construction Equipment Market Import-Export Trade Statistics |
| 8.1 UAE Construction Equipment Market Export to Major Countries |
| 8.2 UAE Construction Equipment Market Imports from Major Countries |
| 9 UAE Construction Equipment Market Key Performance Indicators |
| 10 UAE Construction Equipment Market - Opportunity Assessment |
| 10.1 UAE Construction Equipment Market Opportunity Assessment, By Type, 2030 |
| 10.2 UAE Construction Equipment Market Opportunity Assessment, By Application, 2030 |
| 11 UAE Construction Equipment Market - Competitive Landscape |
| 11.1 UAE Construction Equipment Market Revenue Share, By Companies, 2023 |
| 11.2 UAE Construction Equipment Market Competitive Benchmarking, By Operating and Technical Parameters |
| 12 Company Profiles |
| 13 Recommendations |
| 14 Disclaimer |
Market Forecast By Types (Cranes (Mobile Cranes, Crawler Cranes, Tower Cranes), Earthmoving Equipment(Loaders, Excavators, Motor Grader)), Aerial Work Equipment (Articulated Boom Lifts, Telescopic Boom Lifts, Scissor Lifts), Material Handling Equipment (Telescopic Handlers, Forklifts), Road Construction Equipment (Pavers, Road Rollers), Dump Trucks, Construction Tractor and Bulldozer), By Applications (Construction, Oil & Gas, Mining), By Regions (Abu Dhabi, Dubai & Other Emirates)and competitive landscape
| Product Code: ETC001923 | Publication Date: Mar 2023 | Product Type: Report | |
| Publisher: 6Wresearch | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 |
Latest 2023 Development of the UAE Construction Equipment Market
UAE Construction Equipment Market is predicted to experience steady growth through government investments in infrastructure development, expansion of the tourism sector, and increasing demand for residential and commercial properties. Moreover, the market has come across several latest developments in recent years. For instance, the iconic Dubai Creek Tower became the tallest in the world. The construction of the tower required the use of advanced construction equipment and modern techniques. Additionally, the Dubai Harbour project involves the construction of a cruise terminal, a new marina, and other facilities which required a range of construction equipment such as cranes, excavators, and loaders.
In addition, the UAE government has announced plans to invest heavily in infrastructure development over the coming years which includes the construction of bridges, new roads, and other infrastructure. The construction equipment market in the UAE is primarily driven by rapid urbanization which has led to the construction of new buildings, bridges, roads, and flyovers. Furthermore, the government has undertaken several infrastructure development projects, such as the expansion of airports, the construction of new highways, and the development of tourist attractions, which has increased the demand for the construction equipment industry in the UAE. The UAE is a popular tourist destination and the growing tourism industry has resulted in the development of resorts, hotels, shopping malls, and entertainment accommodations. This factor has boosted the demand for construction equipment in UAE.
UAE Construction Equipment Market Synopsis
UAE construction equipment market report thoroughly covers the market by equipment types, equipment sub-segment types, applications, and countries including Abu Dhabi, Dubai, and the Other Emirates. The UAE construction equipment market outlook report provides an unbiased and detailed analysis of the ongoing UAE construction equipment market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.
UAE construction equipment market has witnessed substantial growth over the past few years primarily driven by the growing construction industry backed by strengthening commercial, hospitality, and residential sectors as well as government initiatives towards development projects in the country.
According to 6Wresearch, the UAE construction equipment market size is likely to witness growth during 2020-2026. This growth is mainly due to the growing construction sector as well as government initiatives toward rising infrastructure spending for World Expo 2020. Additionally, increasing construction projects in the commercial and residential verticals along with developing the hospitality sector would further fuel the demand for the construction equipment market in UAE during the forecast period.
The UAE construction equipment market is expected to witness potential growth in the upcoming six years on the back of the rising growth of varied industries such as the oil & gas, tourism, public & administration, healthcare, and mining industry. Additionally, rising private sector investment especially in the renewable energy generation process in order to minimize the use of fossil fuels and reduce environmental degradation coupled with modernization in the transportation domain due to technical advancement which is anticipated to augment the demand for construction equipment and would boost the substantial growth of the UAE construction equipment market in the foreseeable future.
UAE construction equipment market is projected to gain traction throughout the forecast period 2020-26F backed by the rising substantial growth of the retail sector in the country. Multiple factors are likely to strengthen the industry growth such as growing tourist influx, growing expatriate population, and upcoming projects like Tilal mall, Reem Mall, and city land village. All these aforementioned projects are estimated to expand retail store set up and are expected to proliferate the demand for construction equipment such as scissor lifts and boom lifts and are expected to benefit the growth of the UAE construction equipment market in the coming timeframe.
Market Analysis by Region
In the UAE, Dubai dominates the overall UAE construction equipment market share followed by Abu Dhabi and other Emirates. Additionally, the residential, hospitality, and transportation sectors lead the overall UAE construction equipment market revenues followed by the oil & gas and industrial sectors. Further, based on equipment types, earthmoving equipment is registering substantial growth in UAE primarily due to the rising number of public-private partnerships for construction projects.
COVID-19 Impact on UAE Construction Equipment Market
The outburst of the coronavirus pandemic has declined the growth of the market owing to various restrictions imposed by the government of the market. The lockdown imposed by the government of the country led to a disruption in the supply chain of construction equipment. Moreover, shutting down production and manufacturing units have declined the growth of the market.
Key Players in the Market
Some of the key players in the market are:
- Caterpillar
- Komatsu
- Volvo Construction Equipment
- JCB
- Xuzhou Construction Machinery Group Co. Ltd. (XCMG)
- SANY
- Kobelco
- Zoomlion Heavy Industry Science & Technology Co. Ltd
- Hitachi Construction machinery
- Liebherr
Key Highlights of the Report
- UAE Construction Equipment Market Overview
- UAE Construction Equipment Market Outlook
- UAE Construction Equipment Market Forecast
- Historical Data of UAE Construction Equipment Market Revenues and Volumes for the Period 2016-2019.
- Market Size & Forecast of UAE Construction Equipment Market Revenues and Volumes, Until 2026.
- Historical data of UAE Cranes Market for the Period 2016-2019.
- Market Size & Forecast of UAE Cranes Market, Until 2026.
- Historical data of UAE Bull Dozers & Construction Tractors Market for the Period 2016-2019.
- Market Size & Forecast of UAE Bull Dozers & Construction Tractors Market, Until 2026.
- Historical data of UAE Earth Moving Equipment Market for the Period 2016-2019.
- Market Size & Forecast of UAE Earthmoving Equipment Market, Until 2026.
- Historical data of UAE Material Handling Market for the Period 2016-2019.
- Market Size & Forecast of UAE Material Handling Market, Until 2026.
- Historical data of UAE Dump Trucks Market for the Period 2016-2019.
- Market Size & Forecast of UAE Dump Trucks Market, Until 2026.
- Historical data of UAE Aerial Work Platform Market for the Period 2016-2019.
- Market Size & Forecast of UAE Aerial Work Platform Market, Until 2026.
- Historical data of UAE Road Construction Equipment Market for the Period 2016-2019.
- Market Size & Forecast of UAE Road Construction Equipment Market, Until 2026.
- Historical Data of UAE Construction Equipment Market Revenues and Volumes, by Applications, for the Period 2016-2019
- Market Size & Forecast of UAE Construction Equipment Market Revenues and Volumes, by Applications, Until 2026
- Historical Data of UAE Construction Equipment Market Revenues and Volumes, by Regions, for the Period 2016-2019
- Market Size & Forecast of UAE Construction Equipment Market Revenues and Volumes, by Regions, Until 2026
- Market Drivers and Restraints
- UAE Construction Equipment Market Trends and Industry Life Cycle
- Porter’s Five Forces Analysis
- Market Opportunity Assessment
- UAE Construction Equipment Market Share, By Countries
- UAE Construction Equipment Market Share, By Companies
- UAE Construction Equipment Market Overview on Competitive Benchmarking
- Company Profiles
- Key Strategic Recommendations
Markets Covered
The UAE construction equipment market report provides a detailed analysis of the following market segments:
-
By Types:
- Mobile Cranes
- Construction Tractor and Bulldozer
- Earthmoving Equipment
- Loaders
- Excavators
- Motor Grader
- Aerial Work Equipment
- Articulated Boom Lifts
- Telescopic Boom Lifts
- Scissor Lifts
- Material Handling Equipment
- Telescopic Handlers
- Forklifts
- Dump Trucks
- Road Construction Equipment
- Pavers
- Road Rollers
By Applications:
- Corporate Enterprise
- Oil and Gas
- Mining
- Others (Municipality, Road Construction)
By Regions:
- Abu Dhabi
- Dubai
- Other Emirates
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