Middle East and Africa Construction Equipment Market Size- By Machinery Type, By Drive Type- Regional Outlook, Competitive Strategies and Segment Forecast to 2033
Middle East and Africa Construction Equipment Market Introduction and Overview
According to SPER market research, ‘Middle East and Africa Construction Equipment Market Size- By Machinery Type, By Drive Type – Regional Outlook, Competitive Strategies and Segment Forecast to 2033’ state that the Middle East and Africa Construction Equipment Market is predicted to reach USD 7.62 billion by 2033 with a CAGR of 4.47%.
Building equipment is a broad category that includes a wide range of tools and machinery used to carry out different tasks in building projects. These specialized tools are vital to the productivity and efficiency of the construction industry since they are used extensively for lifting, carrying, and earthmoving jobs. Common pieces of equipment used for breaking ground, clearing sites, and excavating are loaders, breakers, excavators, and bulldozers.
The Middle East and Africa’s construction sector suffered greatly as a result of the COVID-19 pandemic, and the demand for related equipment increased. It was mostly ascribed to supply chain interruptions, decreased spending on new machinery purchases, construction project postponement and cancellation, and uneven economic growth among different nations. But throughout the Middle East and Africa, investment and economic growth in the building sector have surged dramatically since last year.
Scope of the Report:Report Metric Details
Market size available for years 2020-2033
Base year considered 2023
Forecast period 2024-2033
Segments covered By Airbag Type, By Inflator Type, By Vehicle Type
Regions covered By Machinery Type, By Drive Type
Companies CoveredCaterpillar Inc., CNH Industrial (Case Construction), Doosan Corp, Hitachi Construction Machinery Co., JCB, Kobelco Construction Machinery Co. Ltd, Liebherr Group, Manitowoc Company Inc., Sumitomo Corporation, Mitsubishi Electric Corporation, Volvo AB, Others
MEA Construction Equipment Market Key Segments Covered
By Machinery Type:Based on the Machinery Type, Middle East and Africa Construction Equipment Market is segmented as; Crane, Telescopic Handling, Excavator, Loaders, Motor Graders, Others.
By Drive Type:Based on the Drive Type, Middle East and Africa Construction Equipment Market is segmented as; Electric and Hybrid, Hydraulic.
By Vehicle Type:Based on the Application, Middle East and Africa Construction Equipment Market is segmented as; Passenger Cars, Commercial Vehicles