Middle East & Africa Equipment As A Service Market Size & Outlook, 2030

Revenue, 2023 (US$M)

$51.4

Forecast, 2030 (US$M)

$850.0

CAGR, 2024 - 2030

49.3%

Report Coverage

Middle East & Africa

Middle East & Africa equipment as a service market, 2018-2030 (US$M)

Related Markets

Global Equipment As A Service Industry Outlook

Saudi Arabia Equipment As A Service Market Outlook

UAE Equipment As A Service Market Outlook

North America Equipment As A Service Market Outlook

U.S. Equipment As A Service Market Outlook

Canada Equipment As A Service Market Outlook

Mexico Equipment As A Service Market Outlook

Europe Equipment As A Service Market Outlook

Germany Equipment As A Service Market Outlook

France Equipment As A Service Market Outlook

Italy Equipment As A Service Market Outlook

Spain Equipment As A Service Market Outlook

UK Equipment As A Service Market Outlook

Asia Pacific Equipment As A Service Market Outlook

Japan Equipment As A Service Market Outlook

China Equipment As A Service Market Outlook

India Equipment As A Service Market Outlook

South Korea Equipment As A Service Market Outlook

Latin America Equipment As A Service Market Outlook

Brazil Equipment As A Service Market Outlook

MEA equipment as a service market highlights

The MEA equipment as a service market generated a revenue of USD 51.4 million in 2023.
The market is expected to grow at a CAGR of 49.3% from 2024 to 2030.
In terms of segment, laser cutting machines was the largest revenue generating equipment in 2023.
CNC machines is the most lucrative equipment segment registering the fastest growth during the forecast period.
Country-wise, Saudi Arabia is expected to register the highest CAGR from 2024 to 2030.

MEA data book summary

Market revenue in 2023	USD 51.4 million
Market revenue in 2030	USD 850.0 million
Growth rate	49.3% (CAGR from 2023 to 2030)
Largest segment	Laser cutting machines
Fastest growing segment	CNC machines
Historical data covered	2018 - 2022
Base year for estimation	2023
Forecast period covered	2024 - 2030
Quantitative units	Revenue in USD million
Market segmentation	Air Compressor, Pump, Power Tools, Ground Power Units, Laser cutting machines, Printing Machines, CNC machines, Material handling system, Packaging Machine, Excavators, Cranes, Turning and milling machines
Key market players worldwide	Atlas Copco AB ADR, Heidelberger Druckmaschinen AG, Desktop Metal Inc Ordinary Shares - Class A, Siemens AG, Dmg Mori Co Ltd, Hilti Group, Metso Corp, TRUMPF, Kaeser Kompressoren, SMS Group, Arnold Machine Inc., Uteco Converting, Volvo AB Class B, Maschinenfabrik HEID, Sk Laser, Tamturbo

Other key industry trends

In terms of revenue, MEA region accounted for 3.4% of the global equipment as a service market in 2023.
Globally, North America is projected to lead the regional market in terms of revenue in 2030.
Asia Pacific is the fastest growing regional market and is projected to reach USD 6,979.1 million by 2030.

Key Regions: UAE , U.S. , UK , Japan , Brazil

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Equipment As A Service Market Scope

Equipment as a service market segmentation & scope

Equipment

Air Compressor

Pump

Power Tools

Ground Power Units

laser cutting machines

Printing Machines

CNC machines

Material handling system

Packaging Machine

Excavators

Cranes

Turning and milling machines

End Use

Construction

Air Compressor

Pump

Power Tools

Ground Power Units

Excavators

Cranes

Material Handling

Mining

Air Compressor

Pump

Ground Power Units

Excavators

Cranes

Manufactruing

Air Compressor

laser cutting machines

CNC machines

Turning and milling machines

Packaging

Packaging Machine

Printing Machines

Financing Models

Subscription-Based

Outcome-Based

Regions

Europe

Countries

U.S.

Canada

Mexico

Germany

France

Spain

Italy

China

Japan

India

South Korea

Brazil

Saudi Arabia

UAE

Equipment As A Service Market Companies

Name	Profile	# Employees	HQ	Website

Middle East & Africa equipment as a service market outlook

The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to equipment as a service market will help companies and investors design strategic landscapes.

Laser cutting machines was the largest segment with a revenue share of 15.37% in 2023. Horizon Databook has segmented the Middle East & Africa equipment as a service market based on air compressor, pump, power tools, ground power units, laser cutting machines, printing machines, cnc machines, material handling system, packaging machine, excavators, cranes, turning and milling machines covering the revenue growth of each sub-segment from 2018 to 2030.

The Middle East and Africa has an abundant presence of natural resources, which include a diverse range of valuable assets. The region has rich reservoirs of oil and natural gas and vast mineral deposits, including precious metals and strategic minerals.

The improvement in the production facilities and advancement of technology can enable the region to take advantage of its resources and foster economic growth, which can be facilitated by the adoption of EaaS.

For instance, in April 2018, a multinational company, Siemens, announced its expansion in the Middle East with a three-year investment plan of approximately USD 500 million in the digital sphere of the region.

Reasons to subscribe to Middle East & Africa equipment as a service market databook:

Access to comprehensive data: Horizon Databook provides over 1 million market statistics and 20,000+ reports, offering extensive coverage across various industries and regions.
Informed decision making: Subscribers gain insights into market trends, customer preferences, and competitor strategies, empowering informed business decisions.
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Strategic advantage: By staying updated with the latest market intelligence, companies can stay ahead of competitors, anticipate industry shifts, and capitalize on emerging opportunities.

Target buyers of Middle East & Africa equipment as a service market databook

Our clientele includes a mix of equipment as a service market companies, investment firms, advisory firms & academic institutions.
30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of continent-level data and insights on the Middle East & Africa equipment as a service market , including forecasts for subscribers. This continent databook contains high-level insights into Middle East & Africa equipment as a service market from 2018 to 2030, including revenue numbers, major trends, and company profiles.