According to Arizton’s latest research report, the UAE crawler excavator market is growing at a CAGR of 6.48% during 2023-2029.
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Report Scope:
Market Size – Volume (2029): 5.01 Thousand Units
Market Size – Volume (2023): 3.44 Thousand Units
CAGR – Volume (2023-2029): 6.48%
Market Size – Revenue (2029): $657.7 Million
Historic Year: 2020-2022
Base Year: 2023
Forecast Year: 2024-2029
Market Segmentation: Size, Gross Power, and End Users
The heavy equipment sector in the UAE experienced a growth of 5.3% in 2023. This was highlighted during the signing of a partnership (in Feb 2024) between Al Shirawi Group (a dealer of HD Hyundai Construction Equipment in the UAE), and HD Hyundai Construction Equipment. The partnership aims to boost innovation and operational excellence in the construction sector.
As per Arizton’s research report analysis, HD Hyundai CE, which had previously been active in the UAE for five years ago, has returned strongly to the market.
Al Shirawi Group successfully sold equipment even before the agreement was signed, demonstrating confidence in the UAE market. The partnership’s goal is to sell up to 150 pieces of equipment valued at up to $51.2 million.
Technological development has increased the demand for construction equipment, including crawler excavators, in the UAE market. Modern equipment offers several features that increase productivity, reduce fuel consumption, & have low environmental impact.
There has been a surge in environmental safety concerns in the UAE market. The government has placed a greater emphasis on sustainability and tightened the country’s emission laws, leading to the demand for electric and hybrid crawler excavators.
Small Excavators Gain Traction with Increased Focus on Renovation Projects
The small excavator is projected to reach 838 units by 2029. This growth is fueled by rising government investments in infrastructure projects, including the UAE Master Plan for the expansion of Al Quoz Creative Zone, which aims to create a cultural and creative hub with extensive infrastructure and residential facilities for over 8,000 residents by 2026. Small excavators, known for their versatility in applications such as landscaping, agriculture, logistics, and goods handling, are expected to see increased demand during the forecast period, driven by these ongoing infrastructure developments.
Geographical Analysis
Dubai’s Infrastructure and Business Preparedness: Dubai focuses on infrastructure expansion and capacity-building, including developing the Dubai International Financial Centre (DIFC) to attract global financial firms and enhancing the Dubai World Central (DWC) aerotropolis to strengthen aviation and logistics capabilities.
Abu Dhabi’s Public-Private Partnerships (PPP): Abu Dhabi encourages private sector collaboration through regulated PPP initiatives, introduced in 2019. These initiatives aim to attract long-term private investment and expertise in major infrastructure projects to drive economic development.
Ras Al-Khaimah’s Tourism and Real Estate Growth: The rapid expansion of Ras Al-Khaimah’s tourism sector, with attractions like Jebel Jais zipline and pristine beaches, has boosted its real estate market. Increasing tourism drives demand for short-term rental properties, enhancing the appeal of real estate investments in the emirate.
Recent Developments
UAE Crawler Excavator Market Dynamics
Drivers
Trends
Challenges
Prominent Vendors
Distributor Profiles
Market Segmentation
Crawler Excavator
End Users
The Arizton Advisory & Intelligence market research report provides valuable market insights for industry stakeholders, investors, researchers, consultants, and business strategists aiming to gain a thorough understanding of the UAE crawler excavator market. Request for Free Sample to get a glance of the report now: https://www.arizton.com/market-reports/uae-crawler-excavator-market
What Key Findings Our Research Analysis Reveals?
How big is the UAE crawler excavator market?
Who are the key players in the UAE crawler excavator market?
What is the growth rate of the UAE crawler excavator market?
What are the trends in the UAE crawler excavator market?
Which are the major distributor companies in the UAE crawler excavator market?
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