GCC Construction Machinery Market – Opportunities and Forecast, 2020-2027

The construction machinery performs a sequence of operations to achieve a final intent. There are numerous types of construction machinery, including crane, excavators, loaders, backloe, truck, and other types of machinery. Depending on the function, the construction machinery can be categorized into different groups such as roading, roofing, drilling, and finishing machinery. These machineries are often used to construct commercial, industrial, and residential buildings across the world.

The key factors contributing towards the growth of the GCC Construction Machinery market include the continuous expansion in the construction industry, increasing demand for cranes, and the growing trend towards automation and telematics across the GCC countries. The government is strongly focusing on expanding the existing infrastructure by launching new projects and utility projects especially in Qatar, Saudi Arabia, and the UAE, which is resulting in the demand for construction equipment in this region. Some of the ongoing and upcoming projects in the GCC region include Dubai Expo 2020, Qatar’s FIFA World Cup 2022 and Al Qiddiya, Red Sea, and Neom projects in Saudi Arabia (KSA). The ongoing airport expansion project at Dubai International, amounting to USD 7.8 billion, is expected to further fuel the demand for construction machinery over the coming years.

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Various notable players in the Construction Machinery market include Hitachi Construction Machinery Co. Ltd., J.C. Bamford Excavators Ltd., Sumitomo Construction Equipment Co. Ltd., Caterpillar Inc., Liebherr International AG, AB Volvo, CNH Industrial N.V., Terex Corporation, and Komatsu Ltd.

The GCC Construction Machinery market has been segmented based on the Machinery Type, Application, Drive Type, and countries. Based on the Machinery Type, the market is segmented into Crane, Telescopic Handlers, Excavator, Loaders & Backloe, Motor Grader, Articulated Dump Truck, Asphalt Finisher, Crawler Dozer, Motor Scraper, Rigid Dump Truck, and Others. Based on the Application, the market is segmented into Infrastructure, Commercial Buildings, Residential Buildings, and Industrial Buildings. Based on the Drive Type, the market is segmented into Hydraulic and Electric and Hybrid. Based on countries, the market is segmented into UAE, Saudi Arabia, Oman, Kuwait, and the Rest of GCC.

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Key questions answered in this research report:

• At what pace is the GCC Construction Machinery market growing? What will be a growing trend in the future?
• What are the key drivers and restraints in the GCC Construction Machinery market? What will be the impact of drivers and restraints in the future?
• Which type of machinery generated maximum revenues in 2019 and identify the most promising type of machineries during the forecast period?
• What are the various type of drives of the GCC Construction Machinery market, and how are they poised to grow?
• What companies are the major participants in this market and their business strategies, how does the competitive landscape look like?

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