How big is the GCC Construction Machinery Market?

The GCC Construction Machinery Market size is expected to reach USD 6.5 billion in 2024 and grow at a CAGR of 6.04% to reach USD 8.90 billion by 2029. Read More

What is the current GCC Construction Machinery Market size?

In 2024, the GCC Construction Machinery Market size is expected to reach USD 6.5 billion. Read More

Who are the key players in GCC Construction Machinery Market?

Caterpillar, Komatsu, Liebherr International AG, Volvo Construction Equipment Corp. and Kobelco Construction Machinery are the major companies operating in the GCC Construction Machinery Market. Read More

What years does this GCC Construction Machinery Market cover, and what was the market size in 2023?

In 2023, the GCC Construction Machinery Market size was estimated at USD 6.11 billion. The report covers the GCC Construction Machinery Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the GCC Construction Machinery Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029. Read More

GCC Construction Machinery Market - Size, Share & Manufacturers

GCC Construction Machinery Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

The GCC Construction Machinery Market Report is Segmented by Machinery Type (Cranes, Excavators, Loaders and Backhoes, Motor Graders, Telescopic Handlers, and Other Machinery Types), Application Type (Concrete Construction Equipment, Road Construction Equipment, Earth Moving Equipment, and Material Handling Equipment), by Propulsion Type (Internal Combustion Engine (ICE) and Electric/Hybrid), and by Country (Saudi Arabia, The United Arab Emirates, Kuwait, Qatar, and Bahrain). The Report Offers Market Size and Forecasts for all the Above Segments in Value Terms (USD).

GCC Construction Machinery Industry Overview

The GCC construction machinery market is mostly characterized by the presence of numerous international companies, resulting in a highly competitive market environment. Major players have been launching next-generation products and expanding their regional presence to cater to this anticipated rise in demand for construction equipment owing to the rise in construction projects and investments around GCC countries. For instance,

In August 2023, Hitachi Construction Machinery Middle East Corporation FZE announced the launch of its new product, the ZW370-5A wheel loader, in the United Arab Emirates.
In March 2022, Iridium Communications Inc. announced that it had jointly developed a link belt excavator with Sumitomo Construction Machinery Co. Ltd. Through this partnership, SCM initially added Iridium's Short Burst Data Service to its Remote CARE service platform.