The report provides unbiased and detailed analysis of the on-going trends, opportunities/ high growth areas, market drivers, which would help stakeholders to device and align market strategies according to current and future market dynamics.
Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author.While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server.
GCC Construction Equipment Market (2016-2022): By Equipment Types (Motor Grader, Earthmoving (Loader, Motor Grader, Crawler Dozer and Excavator) and Dump Trucks), Applications (Construction, Mining & Quarrying and Utilities) and Countries (Saudi Arabia, UAE, Qatar, Kuwait, Oman and Bahrain)
Construction equipment market in GCC region was buoyed by several factors such as growing construction market, several utility projects in countries such as UAE, Saudi Arabia and Qatar. Saudi Arabia held majority of the market share followed by UAE and Qatar. However, declining global oil prices resulted in slowdown in the infrastructure spending, which halted several projects in the region. Major impact of the declining oil revenues was witnessed in Saudi Arabia. However, utility sector recorded investments due to growing demand for energy, which fueled the growth of the market.
The GCC construction equipment market is anticipated to grow at a CAGR of 1.6% from 2016 to 2022. During 2015-17, the market for construction equipment is expected remain affected due to lower government spending due to declining oil revenues. However, post 2017, market would register improvement due to expected recovery of oil prices and initiatives taken by the various governments to diversify the economies.
In overall GCC construction equipment market, Saudi Arabia held highest revenue share, however, the market growth is exhibited to remain sluggish. On the contrary, countries such as UAE and Qatar are expected to register growth on account of upcoming World Expo in Dubai 2020 and FIFA World Cup in Qatar in 2022.
The report includes following segments:
- By Construction Equipment Types:
- Motor Grader
- Crawler Dozer
Mining & Quarrying
- By Countries: