Middle-East & Africa Heavy Construction Equipment Market Report (2021-2031) by Scope, Segmentation, Dynamics, and Competitive Analysis
No. of Pages: 150 | Report Code: BMIRE00031242 | Category: Manufacturing and Construction
No. of Pages: 150 | Report Code: BMIRE00031242 | Category: Manufacturing and Construction
The Middle-East & Africa Heavy Construction Equipment Market size is expected to reach US$ 22.02 million by 2031 from US$ 15.89 million in 2024. The market is estimated to record a CAGR of 3.77 % from 2023 to 2031.
The construction sector in the Middle East and Africa (MEA) continued to experience robust growth in 2023, driven by significant infrastructure development and investments. Governments in the region have increased their focus on diversification, with a strong emphasis on non-oil sectors such as infrastructure, housing, and tourism.
Key regions like the Gulf Cooperation Council (GCC), especially the UAE, Kuwait, Saudi Arabia, and Qatar, Bahrain, Oman have been pivotal in driving growth. The UAE's Expo 2020 legacy projects continue to contribute to the region's economic and infrastructural expansion. The Africa construction market also showed promising signs of recovery in 2023, with a focus on transportation infrastructure, including roads, bridges, and railways. The African Union's Programme for Infrastructure Development has seen increased financing from international bodies and private investors, especially in East and West Africa.
Key segments that contributed to the derivation of the Heavy Construction Equipment market analysis are type and application.
In 2023, the Middle East continued to witness substantial infrastructure development, fueled by strategic investments and government-led initiatives focused on economic diversification and urban modernization. Key projects and investments reflect the region's ambitions to transform its cities, improve connectivity, and foster sustainable growth.
NEOM: As part of Vision 2030, Saudi Arabia invested heavily in the NEOM megacity, a US$ 500 billion smart city planned to revolutionize urban living by focusing on technology, sustainability, and renewable energy. Major infrastructure developments include transportation networks, water management, and sustainable energy systems.
Red Sea Project: A luxury tourism destination featuring islands, resorts, and commercial facilities, this US$ 10 billion project aims to enhance the country's tourism and infrastructure. The increase in infrastructure development investment across the Middle East and African countries has created a massive demand for heavy construction equipment.
Public Transportation: Investments in metro systems, including Riyadh's metro expansion, continue to improve urban mobility with a focus on sustainability.
Infrastructure Development: Infrastructure is a significant focus of investment across Middle East regions, with governments prioritizing the development of transportation systems (airports, seaports, railways), roads, bridges, and utilities. Much of the investment is directed at improving connectivity, especially in large countries such as Saudi Arabia, Nigeria, and Egypt.
Based on Geography, the Middle-East & Africa Heavy Construction Equipment Market comprises of South Africa, Saudi Arabia, UAE, Turkey, Kuwait, Qatar, Bahrain, Oman, Nigeria, Egypt, and Rest of MEA. The Saudi Arabia held the largest share in 2024.
As the host of the 2022 FIFA World Cup, Qatar invested extensively in infrastructure, including new roads, stadiums, and transport systems. Continued investment in the Lusail City development and Doha Metro expansion aims to provide sustainable urban solutions for the growing population. Oman's infrastructure projects in 2023 were largely driven by the Tanfeedh economic diversification program. Key investments included port developments, such as the Duqm Port, and new road networks to improve regional connectivity. Significant investments were made in the Silk City project, which will include a new financial district, as well as continued development of transport and energy infrastructure. The increasing investment for infrastructure development across the Middle East and Africa drives the heavy construction equipment market growth.
| Report Attribute | Details |
|---|---|
| Market size in 2024 | US$ 15.89 Million |
| Market Size by 2031 | US$ 22.02 Million |
| Global CAGR (2025 - 2031) | 3.77 % |
| Historical Data | 2022-2023 |
| Forecast period | 2025-2031 |
| Segments Covered |
By Machinery Type
|
| Regions and Countries Covered | Middle East and Africa
|
Some of the key players operating in the market includes Caterpillar Inc., Komatsu Ltd., Volvo Construction Equipment, Liebherr Group, and Hitachi Construction Machinery among others. These players are adopting various strategies such as expansion, product innovation, and mergers and acquisition to provide innovative products to their consumers and increase their market share.
The following methodology has been followed for the collection and analysis of data presented in this report:
The research process begins with comprehensive secondary research, utilizing both internal and external sources to gather qualitative and quantitative data for each market. Commonly referenced secondary research sources include, but are not limited to:
Note:
All financial data included in the Company Profiles section has been standardized to USD. For companies reporting in other currencies, figures have been converted to USD using the relevant exchange rates for the corresponding year.
The Insight Partners’ conduct a significant number of primary interviews each year with industry stakeholders and experts to validate its data, analysis, and gain valuable insights. These research interviews are designed to:
Primary research is conducted via email interactions and telephone interviews, encompassing various markets, categories, segments, and sub-segments across different regions. Participants typically include:
The Middle-East & Africa Heavy Construction Equipment Market is valued at US$ 15.89 Million in 2024, it is projected to reach US$ 22.02 Million by 2031.
As per our report Middle-East & Africa Heavy Construction Equipment Market, the market size is valued at US$ 15.89 Million in 2024, projecting it to reach US$ 22.02 Million by 2031. This translates to a CAGR of approximately 3.77 % during the forecast period.
The Middle-East & Africa Heavy Construction Equipment Market report typically cover these key segments-
The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the Middle-East & Africa Heavy Construction Equipment Market report:
The Middle-East & Africa Heavy Construction Equipment Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The Middle-East & Africa Heavy Construction Equipment Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the Middle-East & Africa Heavy Construction Equipment Market value chain can benefit from the information contained in a comprehensive market report.
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