UAE Equipment As A Service Market Size & Outlook
UAE equipment as a service market, 2018-2030 (US$M)
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UAE equipment as a service market highlights
- The UAE equipment as a service market generated a revenue of USD 16.2 million in 2023 and is expected to reach USD 269.7 million by 2030.
- The UAE market is expected to grow at a CAGR of 49.5% 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.
Equipment as a service market data book summary
| Market revenue in 2023 | USD 16.2 million |
| Market revenue in 2030 | USD 269.7 million |
| Growth rate | 49.5% (CAGR from 2023 to 2030) |
| Largest segment | Laser cutting machines |
| Fastest growing segment | CNC machines |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 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, UAE accounted for 1.1% of the global equipment as a service market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Middle East & Africa, Saudi Arabia equipment as a service market is projected to lead the regional market in terms of revenue in 2030.
- Saudi Arabia is the fastest growing regional market in Middle East & Africa and is projected to reach USD 404.4 million by 2030.
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Equipment As A Service Market Scope
Equipment As A Service Market Companies
| Name | Profile | # Employees | HQ | Website |
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UAE 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 15.43% in 2023. Horizon Databook has segmented the UAE 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.
UAE's economy is known for being highly reliant on oil and gas exports and is trying to shift to other sectors due to the increasing volatility in oil prices. Initiatives like Vision 2021 and Vision 2030 aim to reduce the dependence on oil by developing sectors such as tourism, aviation, real estate, technology, and renewable energy.
In addition, the country invested significantly in various infrastructure projects to support its economic development. This includes projects such as the construction of world-class airports, seaports, roads, and public transportation systems.
For instance, it has projects such as the Al-Nouf seawater treatment plant and Dubai Municipality's plan to build a strategic sewerage tunnel, which can boost economic activities in the country. The use of the EaaS model in these projects can help in their implementation in a cost-effective way.
Reasons to subscribe to UAE equipment as a service market databook:
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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 UAE equipment as a service market databook
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Our clientele includes a mix of equipment as a service market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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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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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of country-level data and insights on the UAE equipment as a service market , including forecasts for subscribers. This country databook contains high-level insights into UAE equipment as a service market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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UAE equipment as a service market size, by equipment, 2018-2030 (US$M)
UAE Equipment As A Service Market Outlook Share, 2023 & 2030 (US$M)
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