DUBLIN, December 06, 2021--(BUSINESS WIRE)--The "UAE Construction Equipment Market (2021-2027): Market Forecast by Types, by Applications, By Regions and Competitive Landscape" report has been added to ResearchAndMarkets.com's offering.
UAE Construction Equipment Market size is projected to grow at a CAGR of 7.3% during 2021-2027
UAE Construction Equipment Market has witnessed substantial growth over the past few years primarily driven by the growing construction industry backed by strengthening commercial, hospitality, and residential sectors as well as government initiatives towards development projects in the country.
However, the spread of the COVID-19 pandemic has resulted in the slowdown of the overall economy leading to a temporary halt in many construction projects across the country, thereby impacting the growth of the construction equipment market in UAE, which is expected to regain momentum in the year 2021.
UAE's growing focus on infrastructure and development of automation in construction and manufacturing processes had a major impact over market growth. The demand for cost-effective machines with lower emissions is dominating the construction equipment market persuading manufacturers to opt for electric and hydraulic machines.
Additionally, rising private sector investment especially in the renewable energy generation process in order to minimize the use of fossil fuels and reduce environmental degradation coupled with modernizing in transportation domain due to technical advancement is anticipated to augment the demand for construction equipment and would boost the substantial growth of the market in the foreseeable future.
Key Highlights of the Report:
UAE Construction Equipment Market Overview
UAE Construction Equipment Market Outlook
UAE Construction Equipment Market Forecast
Historical Data and Forecast of UAE Construction Equipment Market Revenues & Volume for the Period 2017-2027F.
Historical Market Data and Forecast of Revenues, by Types, for the Period 2017-2027F.
Historical Market Data and Forecast of Revenues, by Applications, for the Period 2017-2027F
Historical Market Data and Forecast of Revenues, by Regions, for the Period 2017-2027F
Market Drivers and Restraints
UAE Construction Equipment Market Trends
Industry Life Cycle
Porter's Five Force Analysis
Market Opportunity Assessment
UAE Construction Equipment Market Share, By Companies
Key Strategic Recommendations
Volvo Construction Equipment
Doosan Infracore Co., Ltd.
Dynapac MEA FZE
Hitachi Construction Machinery Middle East Corporation FZE
J C Bamford Excavator Limited
Kobelco Construction Machinery Co ltd
Komatsu Middle East FZE
Xuzhou Construction Machinery Group Co. Ltd.
Market Scope and Segmentation
Construction Tractor and Bulldozer
Skid Steer Loader
Compact track Loader
Aerial Work Platform
Road Construction Equipment
Material Handling Equipment
Oil & Gas
Others (Municipality, Road Construction)
Others Emirates (Sharjah, Umm al-Qaiwain, Fujairah, Ajman and Ra's al-khaimah)
For more information about this report visit https://www.researchandmarkets.com/r/kcxtj8
View source version on businesswire.com: https://www.businesswire.com/news/home/20211206005576/en/
Laura Wood, Senior Press Manager
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