Qatar's construction equipment market was estimated at 5,820 units in 2021 and is expected to reach 7,929 units by 2028.
Chicago, May 17, 2022 (GLOBE NEWSWIRE) -- According to Arizton’s latest research report, the Qatar construction equipment market will grow at a CAGR of 4.63% during 2022-2028. Qatar is to host the FIFA WORLD CUP 2022 in the last quarter of 2022, which is boosting the investment in infrastructure developments across the country. Development projects have been in progress since 2018. Therefore, most projects, which are near completion in 2022, expect to boost the construction equipment market.
Qatar has an excellent opportunity to expand its presence among European countries in 2022 due to the ongoing political dispute between Russia and European countries. Currently, the country has a long-term contract to supply natural gas to Asian countries. However, the prevailing political situation expects to increase the gas export to European countries in short term. Hence, the growth in the oil & gas industry of Qatar will support the demand for construction equipment such as cranes and other construction equipment.
Qatar Construction Equipment Market Report Scope
MARKET SIZE (2028)
MARKET SIZE (2021)
MARKET SIZE (VOLUME)
7,929 Units (2028)
Earthmoving Equipment, Road Construction Equipment, Material Handling Equipment, and End Users
MARKET PARTICIPANT COVERAGE
9 Key Vendors, and 7 Other Prominent Vendors
Qatar government planned to invest $7 billion in the national vision 2030. Doha, Lusail, & Al wirrah to witness aggressive investment in development of roadways & highways. The major projects are the Sharq crossing project in Doha ($12 billion), New Doha Port ($7.4 million), Qatar long-distance Railways Project ($3,456 million), Siraj Al Kharsaah Solar Power Project Al-Sahaniya ($462 million), Al Rayyan Stadium ($600 million), Al Bayt Stadium ($192.3 million) & North Field Extension ($500 million).
Qatar’s oil & gas industry strongly rebounded in 2021, there was a surge in crude oil prices in global market which supported the growth of the industry. Qatar is one of the leading producers and exporters of oil in the middle eastern region therefore, the surge in oil prices in the global market is beneficial for a strong economic recovery in 2021.
Ongoing infrastructure and development projects for World cup 2022 have resulted in sharp growth in demand for the crane. The high demand was witnessed in luffing jib cranes in 2021.
Hyundai Doosan Infracore, Hyundai Construction Equipment, XCMG, Zoomlion, SANY, Caterpillar, Volvo Construction Equipment, & JCB are the major vendors in the Qatar Construction Equipment market. Kobelco, LiuGong, Tadano & Yanmar are other prominent vendors in Qatar Market.
Market Size & Forecast by Volume| 2022−2028
Market Dynamics – Leading trends, growth drivers, restraints, and investment opportunities
Market Segmentation – type and end-user
Competitive Landscape – 9 key Vendors and 7 Other prominent vendors
Other Earthmoving Equipment
Road Construction Equipment
Material Handling Equipment
Forklift & Telescopic Handlers
Aerial Platforms (Articulated Boom Lifts, Telescopic Boom lifts, Scissor lifts)
Hyundai Construction Equipment
Other Prominent Vendors
Qatar Tractors & Equipment Co.
Jaidah Heavy Equipment
Qatar Building Co. Heavy Equipment
Explore our industrial machinery profile to know more about the industry.
Read some of the Top-Selling Reports:
Arizton Advisory and Intelligence is an innovation and quality-driven firm, which offers cutting-edge research solutions to clients across the world. We excel in providing comprehensive market intelligence reports and advisory and consulting services.
We offer comprehensive market research reports on industries such as consumer goods & retail technology, automotive and mobility, smart tech, healthcare, and life sciences, industrial machinery, chemicals, and materials, IT and media, logistics and packaging. These reports contain detailed industry analysis, market size, share, growth drivers, and trend forecasts.
Arizton comprises a team of exuberant and well-experienced analysts who have mastered in generating incisive reports. Our specialist analysts possess exemplary skills in market research. We train our team in advanced research practices, techniques, and ethics to outperform in fabricating impregnable research reports.
+1 302 469 0707
CONTACT: Arizton Advisory and Intelligence Call: +1-312-235-2040 +1 302 469 0707