Middle East & Africa Heavy Construction Equipment Market Size & Outlook
Middle East & Africa heavy construction equipment market, 2018-2030 (US$M)
MEA heavy construction equipment market highlights
- The MEA heavy construction equipment market generated a revenue of USD 3.5 million in 2023.
- The market is expected to grow at a CAGR of 14.3% from 2024 to 2030.
- In terms of segment, earthmoving equipment was the largest revenue generating machinery type in 2023.
- Earthmoving Equipment is the most lucrative machinery type segment registering the fastest growth during the forecast period.
MEA data book summary
| Market revenue in 2023 | USD 3.5 million |
| Market revenue in 2030 | USD 9.0 million |
| Growth rate | 14.3% (CAGR from 2023 to 2030) |
| Largest segment | Earthmoving equipment |
| Fastest growing segment | Earthmoving Equipment |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Earthmoving Equipment |
| Key market players worldwide | Caterpillar Inc, Volvo AB ADR, Hitachi Construction Machinery Co Ltd, Deere & Co, CNH Industrial NV, Liebherr Group, Sany Heavy Equipment International Holdings Co Ltd, XCMG Group |
Other key industry trends
- In terms of revenue, MEA region accounted for 1.7% of the global heavy construction equipment market in 2023.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- MEA is the fastest growing regional market and is projected to reach USD 9.0 million by 2030.
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Heavy Construction Equipment Market Scope
Heavy Construction Equipment Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Middle East & Africa heavy construction equipment 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 heavy construction equipment market will help companies and investors design strategic landscapes.
Earthmoving equipment was the largest segment with a revenue share of 100% in 2023. Horizon Databook has segmented the Middle East & Africa heavy construction equipment market based on earthmoving equipment covering the revenue growth of each sub-segment from 2018 to 2030.
- Middle East & Africa Heavy Construction Equipment Machinery Type Outlook (Revenue, USD Million, 2018-2030)
- Earthmoving Equipment
- Material Handling Equipment
- Heavy Construction Equipment
- Others
- Middle East & Africa Heavy Construction Equipment Application Outlook (Revenue, USD Million, 2018-2030)
- Excavation & Demolition
- Heavy Lifting
- Material Handling
- Tunneling
- Transportation
- Recycling & Waste Management
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Target buyers of Middle East & Africa heavy construction equipment market databook
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Our clientele includes a mix of heavy construction equipment market companies, investment firms, advisory firms & academic institutions.
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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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Horizon Databook provides a detailed overview of continent-level data and insights on the Middle East & Africa heavy construction equipment market , including forecasts for subscribers. This continent databook contains high-level insights into Middle East & Africa heavy construction equipment market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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