With consistent demand for the buying and selling of heavy equipment, the industry has expanded its presence in the Middle East. The construction equipment market is high in demand and will grow at a CAGR of 5.7% between 2020 to 2027.
There are different types of heavy construction equipment, each of which has its range of uses. Here’s a rundown of the most popular machines searched for on our website by these Top 5 countries in the Middle East.
Truck dominates the market share in the UAE, Saudi Arabia, Iraq, Kuwait and Oman. Excavators have been the next in demand. Wheel Loaders, Spare Parts, and Cranes also play an important role in data.
UAE has a 17.95% of Excavator searches compared to other types of machinery like Trucks 16.95%
The Saudi Arabia construction machinery market is mostly characterized by the presence of numerous international companies, resulting in a highly competitive market environment. The highest percentage 21.63% searches are for Trucks in comparison with other types of equipment
The demand for the use and search of the Truck is higher than the other equipment.
The Truck is searched and used more whereas the Spare Parts are also in demand.
In Iraq, Trucks accounted for 29.59 % of search queries this year. Search queries were spread out relatively evenly across various brands, sizes and models.
Lastly, demand for high-performance, efficient, and safe handling equipment from the end market is expected to make the market more competitive over the forecast period.