The construction equipment market in Middle East & Africa is expected to grow from US$20,483.57 million in 2022 to US$35,224.78 million by 2028. It is estimated to grow at a CAGR of 9.5% from 2022 to 2028.
Machine learning and artificial intelligence (AI) can assist firms in dealing with an aging workforce and professional skills shortage. AI-enabled machines can pave the way for precise and quick manufacturing, lowering production costs and shortening development time. While AI can alleviate a labor issue, it may also be able to make the equipment industry intuitive and adaptable. Some construction companies are already experimenting with AI-controlled wind turbines that can respond to changing weather conditions and foresee weather and wind changes. It has the potential to improve work efficiency and catastrophe management. In modern structures, AI is being utilized to plan the routing of electrical and plumbing systems. It is being used by businesses to construct workplace safety solutions. AI also helps track the real-time interactions of personnel, machines, and items on the job site and warns managers to avoid potential safety hazards, construction mistakes, and productivity concerns. Construction executives invest in areas where AI may influence their company's specific demands most. Early adopters would shape the industry's future and profit in the short and long term. These all advantages of AI would propel the growth of the construction equipment market in the coming years.
With new features and technologies, vendors can attract new customers and expand their footprints in emerging markets. This factor is likely to drive the Middle East & Africa construction equipment market at a substantial CAGR during the forecast period.
Middle East & Africa Construction Equipment Market Revenue and Forecast to 2028 (US$ Million)
Middle East & Africa Construction Equipment Market Segmentation
The Middle East & Africa construction equipment market is segmented by equipment type, application, and country.
Based on equipment type, the market is segmented into heavy construction vehicles, earthmoving equipment, material-handling equipment, and others. In 2022, the material-handling equipment segment held a larger market share and is expected to register a higher CAGR during the forecast period. Based on application, the market is segmented into residential, commercial, and industrial. The commercial segment held the largest market share in 2022 and is expected to register the highest CAGR in the market during the forecast period. Based on country, the regional market is segmented into South Africa, Saudi Arabia, the UAE, and the Rest of the MEA. In 2022, Saudi Arabia held a larger market share. It is also expected to register a higher CAGR during the forecast period.
Caterpillar Inc.; CNH Industrial NV; Komatsu Ltd.; Liebherr; Terex Corporation; Zoomlion Heavy Industry Science & Technology Co., Ltd.; J C Bamford Excavators Ltd. (JCB); Deere & Company; AB Volvo; and Hitachi Construction Machinery Co., Ltd. are the leading companies in the Middle East & Africa construction equipment market.
TABLE OF CONTENTS
1. Introduction
1.1 Scope of the Study
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
1.3.1 Middle East & Africa Construction Equipment Market – By Equipment Type
1.3.2 Middle East & Africa Construction Equipment Market – By Application
1.3.3 Middle East & Africa Construction Equipment Market – By Country
2. Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. Middle East & Africa Construction Equipment Market Landscape
4.1 Market Overview
4.2 PEST Analysis
4.3 Ecosystem Analysis
4.4 Expert Opinion
5. Middle East & Africa Construction Equipment Market - Key Market Dynamics
5.1 Market Drivers
5.1.1 Boosting Infrastructure Investments Post COVID-19 Pandemic
5.1.2 Burgeoning Focus on Public–Private Partnerships (PPP)
5.2 Market Restraints
5.2.1 Lower Deal Value of Construction Equipment Projects
5.3 Market Opportunities
5.3.1 Strengthening Technological Innovations in Construction Equipment
5.4 Future Trends
5.4.1 Heighten Artificial Intelligence
5.5 Impact Analysis of Drivers and Restraints
6. Middle East & Africa Construction Equipment Market Analysis
6.1 Middle East & Africa Construction Equipment Market Overview
6.2 Middle East & Africa Construction Equipment Market Forecast and Analysis
7. Middle East & Africa Construction Equipment Market – By Type
7.1 Overview
7.2 Middle East & Africa Construction Equipment Market, By Equipment Type (2021 and 2028)
7.3 Heavy Construction Vehicles
7.3.1 Overview
7.3.2 Heavy Construction Vehicles: Construction Equipment Market – Revenue and Forecast to 2028 (US$ Million)
7.4 Earthmoving Equipment
7.4.1 Overview
7.4.2 Earthmoving Equipment: Construction Equipment Market – Revenue and Forecast to 2028 (US$ Million)
7.5 Material-Handling Equipment
7.5.1 Overview
7.5.2 Material-Handling Equipment: Construction Equipment Market – Revenue and Forecast to 2028 (US$ Million)
7.6 Others
7.6.1 Overview
7.6.2 Others: Construction Equipment Market – Revenue and Forecast to 2028 (US$ Million)
8. Middle East & Africa Construction Equipment Market – By Application
8.1 Overview
8.2 Middle East & Africa Construction Equipment Market, By Application (2021 and 2028)
8.3 Commercial
8.3.1 Overview
8.3.2 Commercial: Construction Equipment Market – Revenue and Forecast to 2028 (US$ Million)
8.4 Residential
8.4.1 Overview
8.4.2 Residential: Construction Equipment Market – Revenue and Forecast to 2028 (US$ Million)
8.5 Industrial
8.5.1 Overview
8.5.2 Industrial: Construction Equipment Market – Revenue and Forecast to 2028 (US$ Million)
9. Middle East & Africa Construction Equipment Market – Country Analysis
9.1 Overview
9.1.1 Middle East & Africa: Construction Equipment Market, by Key Country
9.1.1.1 South Africa: Construction Equipment Market – Revenue and Forecast to 2028 (US$ Million)
9.1.1.1.1 South Africa: Construction Equipment Market, By Equipment Type
9.1.1.1.2 South Africa: Construction Equipment Market, By Application
9.1.1.2 Saudi Arabia: Construction Equipment Market – Revenue and Forecast to 2028 (US$ Million)
9.1.1.2.1 Saudi Arabia: Construction Equipment Market, By Equipment Type
9.1.1.2.2 Saudi Arabia: Construction Equipment Market, By Application
9.1.1.3 UAE: Construction Equipment Market – Revenue and Forecast to 2028 (US$ Million)
9.1.1.3.1 UAE: Construction Equipment Market, By Equipment Type
9.1.1.3.2 UAE: Construction Equipment Market, By Application
9.1.1.4 Rest of MEA: Construction Equipment Market – Revenue and Forecast to 2028 (US$ Million)
9.1.1.4.1 Rest of MEA: Construction Equipment Market, By Equipment Type
9.1.1.4.2 Rest of MEA: Construction Equipment Market, By Application
10. Industry Landscape
10.1 Overview
10.2 Market Initiative
10.3 Merger and Acquisition
10.4 New Development
11. Company Profiles
11.1 Caterpillar Inc.
11.1.1 Key Facts
11.1.2 Business Description
11.1.3 Products and Services
11.1.4 Financial Overview
11.1.5 SWOT Analysis
11.1.6 Key Developments
11.2 CNH Industrial N.V.
11.2.1 Key Facts
11.2.2 Business Description
11.2.3 Products and Services
11.2.4 Financial Overview
11.2.5 SWOT Analysis
11.2.6 Key Developments
11.3 Komatsu Ltd.
11.3.1 Key Facts
11.3.2 Business Description
11.3.3 Products and Services
11.3.4 Financial Overview
11.3.5 SWOT Analysis
11.3.6 Key Developments
11.4 Liebherr
11.4.1 Key Facts
11.4.2 Business Description
11.4.3 Products and Services
11.4.4 Financial Overview
11.4.5 SWOT Analysis
11.4.6 Key Developments
11.5 Terex Corporation
11.5.1 Key Facts
11.5.2 Business Description
11.5.3 Products and Services
11.5.4 Financial Overview
11.5.5 SWOT Analysis
11.5.6 Key Developments
11.6 Zoomlion Heavy Industry Science&Technology Co., Ltd.
11.6.1 Key Facts
11.6.2 Business Description
11.6.3 Products and Services
11.6.4 Financial Overview
11.6.5 SWOT Analysis
11.6.6 Key Developments
11.7 J C Bamford Excavators Ltd. (JCB)
11.7.1 Key Facts
11.7.2 Business Description
11.7.3 Products and Services
11.7.4 Financial Overview
11.7.5 SWOT Analysis
11.7.6 Key Developments
11.8 Deere & Company
11.8.1 Key Facts
11.8.2 Business Description
11.8.3 Products and Services
11.8.4 Financial Overview
11.8.5 SWOT Analysis
11.8.6 Key Developments
11.9 AB Volvo
11.9.1 Key Facts
11.9.2 Business Description
11.9.3 Products and Services
11.9.4 Financial Overview
11.9.5 SWOT Analysis
11.9.6 Key Developments
11.10 Hitachi Construction Machinery Co., Ltd
11.10.1 Key Facts
11.10.2 Business Description
11.10.3 Products and Services
11.10.4 Financial Overview
11.10.5 SWOT Analysis
11.10.6 Key Developments
12. Appendix
12.1 About The Insight Partners
12.2 Glossary
LIST OF TABLES.
Table 1. Middle East & Africa Construction Equipment Market, Revenue and Forecast, 2019–2028 (US$ Million)
Table 2. Middle East & Africa: Construction Equipment Market, by Country – Revenue and Forecast to 2028 (US$ Million)
Table 3. South Africa: Construction Equipment Market, By Equipment Type – Revenue and Forecast to 2028 (US$ Million)
Table 4. South Africa: Construction Equipment Market, By Application – Revenue and Forecast to 2028 (US$ Million)
Table 5. Saudi Arabia: Construction Equipment Market, By Equipment Type – Revenue and Forecast to 2028 (US$ Million)
Table 6. Saudi Arabia: Construction Equipment Market, By Application – Revenue and Forecast to 2028 (US$ Million)
Table 7. UAE: Construction Equipment Market, By Equipment Type – Revenue and Forecast to 2028 (US$ Million)
Table 8. UAE: Construction Equipment Market, By Application – Revenue and Forecast to 2028 (US$ Million)
Table 9. Rest of MEA: Construction Equipment Market, By Equipment Type – Revenue and Forecast to 2028 (US$ Million)
Table 10. Rest of MEA: Construction Equipment Market, By Application – Revenue and Forecast to 2028 (US$ Million)
Table 11. Glossary of Terms, Middle East & Africa Construction Equipment Market
LIST OF FIGURES.
Figure 1. Middle East & Africa Construction Equipment Market Segmentation
Figure 2. Middle East & Africa Construction Equipment Market Segmentation –Country
Figure 3. Middle East & Africa Construction Equipment Market Overview
Figure 4. Middle East & Africa Construction Equipment Market, By Equipment Type
Figure 5. Middle East & Africa Construction Equipment Market, By Country
Figure 6. Middle East & Africa: PEST Analysis
Figure 7. Middle East & Africa Construction Equipment Market Ecosystem Analysis
Figure 8. Expert Opinion
Figure 9. Middle East & Africa Construction Equipment Market: Impact Analysis of Drivers and Restraints
Figure 10. Middle East & Africa Construction Equipment Market, Forecast and Analysis (US$ Million)
Figure 11. Middle East & Africa Construction Equipment Market Revenue Share, By Equipment Type (2021 and 2028)
Figure 12. Heavy Construction Vehicles: Construction Equipment Market – Revenue and Forecast to 2028 (US$ Million)
Figure 13. Earthmoving Equipment: Construction Equipment Market – Revenue and Forecast to 2028 (US$ Million)
Figure 14. Material-Handling Equipment: Construction Equipment Market – Revenue and Forecast to 2028 (US$ Million)
Figure 15. Others: Construction Equipment Market – Revenue and Forecast to 2028 (US$ Million)
Figure 16. Middle East & Africa Construction Equipment Market Revenue Share, By Application (2021 and 2028)
Figure 17. Commercial: Construction Equipment Market – Revenue and Forecast to 2028 (US$ Million)
Figure 18. Residential: Construction Equipment Market – Revenue and Forecast to 2028 (US$ Million)
Figure 19. Industrial: Construction Equipment Market – Revenue and Forecast to 2028 (US$ Million)
Figure 20. Geographic Overview of Construction Equipment Market
Figure 21. Middle East & Africa: Construction Equipment Market Revenue Share, by Key Country (2021 & 2028)
Figure 22. South Africa: Construction Equipment Market – Revenue and Forecast to 2028 (US$ Million)
Figure 23. Saudi Arabia: Construction Equipment Market – Revenue and Forecast to 2028 (US$ Million)
Figure 24. UAE: Construction Equipment Market – Revenue and Forecast to 2028 (US$ Million)
Figure 25. Rest of MEA: Construction Equipment Market – Revenue and Forecast to 2028 (US$ Million)
The List of Companies - Middle East & Africa Construction Equipment Market
● Caterpillar Inc.
● CNH Industrial N.V.
● Komatsu Ltd.
● Liebherr
● Terex Corporation
● Zoomlion Heavy Industry Science&Technology Co., Ltd.
● J C Bamford Excavators Ltd. (JCB)
● Deere & Company
● AB Volvo
● Hitachi Construction Machinery Co., Ltd.
● Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the Middle East & Africa construction equipment market.
● Highlights key business priorities in order to assist companies to realign their business strategies
● The key findings and recommendations highlight crucial progressive industry trends in the Middle East & Africa construction equipment market, thereby allowing players across the value chain to develop effective long-term strategies
● Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
● Scrutinize in-depth Middle East & Africa market trends and outlook coupled with the factors driving the construction equipment market, as well as those hindering it
● Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing, and distribution
