UAE Crane Market (2025-2031) | Revenue, Companies, Analysis, Industry, Forecast, Value, Outlook, Share, Growth, Size & Trends

Market Forecast By Types (Mobile Crane, Fixed Crane, Marine and Offshore Crane), By Applications (Industrial Applications, Marine and offshore, Mining and Excavation, Construction) and Competitive Landscape

Product Code: ETC002070	Publication Date: Apr 2020	Updated Date: Dec 2024	Product Type: Report
Publisher: 6Wresearch	No. of Pages: 70	No. of Figures: 35	No. of Tables: 5

United Arab Emirates (UAE) Crane Market Competition 2023

United Arab Emirates (UAE) Crane market currently, in 2023, has witnessed an HHI of 2366, Which has increased slightly as compared to the HHI of 2004 in 2017. The market is moving towards moderately competitive. Herfindahl index measures the competitiveness of exporting countries. The range lies from 0 to 10000, where a lower index number represents a larger number of players or exporting countries in the market while a large index number means fewer numbers of players or countries exporting in the market.

United Arab Emirates (UAE) Export Potential Assessment For Crane Market (Values in USD Thousand)

UAE Crane Market Highlights

Report Name	UAE Crane Market
Forecast period	2025-2031
CAGR	6.5%
Growing Sector	Construction

Topics Covered in UAE Crane Market Report

UAE Crane Market report thoroughly covers the market by types and applications. The market report provides an unbiased and detailed analysis of the ongoing 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 Crane Market Synopsis

UAE Crane Market is experiencing significant growth and projected to attain more growth in the coming years due to the nation's rapid urbanization and ambitious infrastructure projects. Key sectors such as construction, oil and gas, and transportation have significantly contributed to the high demand for various types of cranes, from tower cranes to mobile and crawler cranes. The UAE's strategic geographic location also plays a pivotal role, positioning it as a central hub for trade and commerce in the Middle East.

According to 6Wresearch, UAE Crane Market size is expected to grow at a CAGR of 6.5% during 2025-2031. Several factors are driving the growth of UAE Crane Market such as the surge in large-scale infrastructure projects, including the construction of skyscrapers, residential complexes, and commercial spaces. The government's focus on diversifying the economy beyond oil, coupled with the development of the tourism and real estate sectors, further stimulates demand for cranes. The oil and gas industry's growth also necessitates heavy lifting and transport solutions, adding to the demand. Additionally, technological advancements in crane systems, such as increased automation and enhanced safety features, attract investments from construction companies looking to improve efficiency and reduce operational risks.

However, UAE Crane Market faces few restraints such as the high initial cost associated with purchasing and maintaining advanced crane technologies. For many smaller construction firms and contractors, these costs can be prohibitive, limiting their ability to participate fully in the market. Additionally, fluctuating oil prices can affect the overall economic stability of the region, leading to uncertainties in project funding and execution timelines. Furthermore, the shortage of skilled labour required to operate and maintain sophisticated crane systems. These skills gap often results in operational inefficiencies and increased safety risks.

UAE Crane Market: Leading Players

The key players include Liebherr Group, Manitowoc Cranes, Terex Corporation, Zoomlion Heavy Industry Science & Technology Co, XCMG Group, Konecranes. These companies are renowned for manufacturing high-quality mobile cranes and tower cranes. These companies also focus on technological advancements and customer support services, enhancing its market presence.

UAE Crane Market: Government Regulations

UAE Crane Market is growing and government’s regulation and policies are helping in extension of the market. One of the most significant initiatives is the Vision 2030 plan, which aims to diversify the economy and reduce its dependency on oil. This comprehensive roadmap includes a plethora of urban development projects, infrastructural enhancements, and investments in renewable energy. Additionally, the Dubai Urban Master Plan 2040 envisions a people-centric development strategy, focusing on sustainable urban development and the creation of vibrant communities, which further boosts the demand for cranes in residential and commercial projects. Furthermore, the UAE government has been actively promoting public-private partnerships (PPP) to attract foreign investments and spearhead large-scale projects.

Future Insights of the Market

The future of UAE Crane Market looks promising due to the increased adoption of smart crane technologies that integrate AI, IoT, and data analytics to enhance operational efficiency and safety. These smart cranes are capable of real-time monitoring, predictive maintenance, and automated operations, reducing downtime and operating costs. Additionally, the push towards renewable energy projects, as part of the UAE’s Vision 2050 strategy, will likely spur demand for specialized cranes designed for the installation and maintenance of wind turbines and solar panels. The ongoing development of smart cities and the expansion of urban infrastructures will also necessitate the deployment of versatile and high-performance crane solutions to meet complex construction needs.

Market Segmentation by Types

According to Ravi Bhandari, Research Head, 6Wresearch, Mobile cranes are anticipated to experience significant growth in the future attributed to their versatility and ease of transportation make them a preferred choice for a variety of construction projects, ranging from urban development to large-scale infrastructure endeavours.

Market Segmentation by Applications

Construction segment is expected to see the most significant growth in coming years due to extensive urbanization and infrastructure projects. The integration of cutting-edge technologies, such as AI and IoT, will revolutionize construction crane operations, making them more efficient, safer, and easier to manage.

Key Attractiveness of the Report

10 Years Market Numbers.
Historical Data Starting from 2021 to 2024.
Base Year: 2024
Forecast Data until 2031.
Key Performance Indicators Impacting the Market.
Major Upcoming Developments and Projects.

Key Highlights of the Report:

UAE Crane Market Overview
UAE Crane Market Outlook
UAE Crane Market Forecast
Historical Data of UAE Crane Market Revenues & Volume for the Period 2021-2031.
UAE Crane Market Size and UAE Crane Market Forecast of Revenues and Volume, Until 2031.
Historical Data of UAE Crane Market Revenues and Volume, By applications, for the Period 2021-2031
Market Size & Forecast of UAE Crane Market Revenues and Volume, By applications, Until 2031
Historical Data of UAE Crane Market Revenues and Volume, By types, for the Period 2021-2031
Market Size & Forecast of UAE Crane Market Revenues and Volume, By types, Until 2031
Historical Data of UAE Crane Market Revenues and Volume, By regions, for the Period 2021-2031
Market Size & Forecast of UAE Crane Market Revenues and Volume, By regions, Until 2031
Market Drivers and Restraints
UAE Crane Market Trends and Industry Life Cycle
Porter's Five Force Analysis
Market Opportunity Assessment
UAE Crane Market Share, By Players
UAE Crane Market Share, By Regions
UAE Crane Market Overview on Competitive Benchmarking
Company Profiles
Key Strategic Recommendations