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Construction Lubricants Market - Forecast(2024 - 2030)
Construction Lubricants Market Overview
The Construction Lubricants Market size is estimated to reach US$12.5 billion by 2030, after growing at a CAGR of 3.8% over the forecast period 2024–2030. Construction lubricants are used to reduce friction between moving parts or surfaces and to improve the efficiency of construction machines and it includes hydraulic fluid, automatic transmission fluid, compressor oil, grease and engine oil. Lubricants are used to reduce friction in construction equipment such as bulldozers, dump trucks, draglines, scrapers and shovels and other heavy machinery.
The global expansion of the construction sector is one of the primary reasons driving the growth of the construction lubricants market. The rising need for high-quality lubricants in a variety of construction activities, as well as the growing popularity of synthetic oil-based lubricants due to advantageous qualities such as water solubility, are driving the market growth. The covid-19 pandemic majorly impacted the construction lubricants market due to restricted production, supply chain disruption, logistics restrictions and a fall in demand. However, with robust growth and flourishing applications across major construction industries the construction lubricants industry is anticipated to grow rapidly over the forecast period.
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Market Snapshot
Construction Lubricants Market Report Coverage
The “Construction Lubricants Market Report — Forecast (2024–2030)” by IndustryARC, covers an in-depth analysis of the following segments in the construction lubricants industry. By Base Oil — Mineral Oil, Synthetic Oil and Bio-Based Oil. By Type — Hydraulic Oil, Engine Oil, Gear Oil, Automatic Transmission Fluid, Compressor Oil, Grease and Others. By Equipment — Earthmoving Equipment, Material Handling Equipment, Electrical & Electronics, Heavy Construction Vehicles and Others. By Application — Commercial and Residential. By Geography — North America (the USA, Canada and Mexico), Europe (UK, Germany, France, Italy, Netherlands, Spain, Belgium and the Rest of Europe), Asia-Pacific (China, Japan, India, South Korea, Australia and New Zealand, Indonesia, Taiwan, Malaysia and Rest of APAC), South America (Brazil, Argentina, Colombia, Chile and Rest of South America), Rest of the World [Middle East (Saudi Arabia, UAE, Israel and Rest of the Middle East) and Africa (South Africa, Nigeria and Rest of Africa)].
Key Takeaways
The Asia-Pacific region dominates the construction lubricants market size, owing to the region’s high economic growth rate and high investment in the construction industry.
The expanding construction activities, as well as the upgrading of heavy machinery, are the primary driving factors influencing the construction lubricants market.
However, technological developments are limiting market growth by reducing equipment size and lubricant consumption in the construction industry.
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Construction Lubricants Market Segment Analysis — by Base Oil
Synthetic Oil held a significant share in the Construction Lubricants market share in 2023 and is forecasted to grow at a CAGR of 3.3% over the forecast period 2024–2030, owing to the extensive characteristics provided by synthetic oil over other base oil types such as mineral oil and bio-based oil. Synthetic oils are base oils and additives that improve an engine’s overall performance. When compared to traditional mineral oil-based lubricants, synthetic oils offer improved performance, lower maintenance costs and address environmental concerns. As a result of the increased focus on emissions and expanding consumer awareness about the benefits of synthetic oils, there is a large demand for synthetic oils, which is contributing to the revenue growth of the global
construction lubricants market size.
Construction Lubricants Market Segment Analysis — by Application
The Commercial held a significant share in the Construction Lubricants market share in 2023 and is forecasted to grow at a CAGR of 4.1% during the forecast period 2024–2030, owing to the significant use of construction lubricants in the commercial sector. Construction lubricants lower corrosion and friction while increasing the longevity of the machine’s moveable elements. The commercial construction sector is expanding globally owing to a robust economy and solid market fundamentals for commercial real estate, as well as an increase in government initiatives for public works and institutional buildings. For Instance, Argentina has proposed a commercial building proposal of $428 million dollars. As part of the Plan Argentina Hace, the Ministry of Public Works said in January 2022 that it would invest ARS10.6 trillion ($91 billion) to complete 3,131 new infrastructure works and projects around the country. With the rise in commercial activities across the globe, the demand for construction lubricants is anticipated to rise for various applications, which is projected to boost the market growth in the commercial industry during the forecast period.
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Construction Lubricants Market Segment Analysis — by Geography
The Asia-Pacific region held the largest share in the Construction Lubricants market share in 2023. The fuelling demand and growth of construction lubricants in this region are influenced by flourishing demand from construction industries, along with fuelling construction activities across APAC. The building and construction sector is growing rapidly in Asia-Pacific owing to a major development in infrastructural projects, emphasis on affordable housing units and modular building technology. According to the Department for Promotion of Industry and Internal Trade (DPIIT), In India, Between April 2000 and September 2023, foreign direct investment (FDI) in the construction development (townships, housing, built-up infrastructure and construction development projects) and construction (infrastructure) activity sectors totalled US$26.4 billion and US$32 billion, respectively. According to the International Trade Administration, the construction sector in China is projected to grow at an average of 8.6% from the year 2022 to 2030. Furthermore, the Make in India campaign by the Government of India plans to achieve infrastructural investment worth US$965.5 million by the year 2040. With the robust growth of the building and construction industry in Asia-Pacific, the demand for construction lubricants for equipment such as hydraulic fluid, engine oil, grease and others in construction will rise. Thus, with the high growth of construction lubricants in construction applications, it is anticipated that the demand for the construction lubricants industry will flourish during the forecast period.
Construction Lubricants Market Drivers
Government Initiatives Bolstering the Growth of the Commercial Sector:
Construction Lubricants reduce corrosion and frictio n while increasing the longevity of machine moveable parts, which drives the market growth of construction lubricants in the commercial industry. The demand for Construction Lubricants is rapidly growing as government investment in the commercial industry increases. For instance, Kansai International Airport in Japan will spend about 100 billion yen (US $683 million) by 2025 to upgrade the larger terminal, to increase space for international flights at the country’s №2 hub. The Indian Union Budget of February 2023 aims to build 50 additional airports, aerodromes, helipads, and water routes to enhance connectivity. The health facility revitalization component of the national health insurance indirect grant in South Africa has been allocated R4.4 billion (US $23.3 million) over the medium term (2022–2025). These grants are aimed at accelerating the construction, maintenance, upgrading and rehabilitation of new and existing health system infrastructure. Over the medium term, the department aims to construct or revitalise 92 health facilities through the indirect grant and conduct major maintenance work or refurbishment on a further 200 facilities. The Union Budget 2023 also allocated Rs 76,431 crore (US $9.3 billion) to the Ministry of Housing and Urban Development (MoHUA) with the aim of aiding the completion of stalled housing projects. As a result of all these initiatives, the demand for construction lubricants for equipment such as hydraulic fluid, engine oil, grease and others in construction will rise. Thus, with the high growth of construction lubricants in the commercial industry, it is anticipated that the demand for the construction lubricants industry will flourish during the forecast period.
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Bolstering Growth of the Residential Industry:
Construction Lubricants have seen a huge increase in their use in residential areas. The residential industry uses a variety of equipment that require construction lubricants in order to eliminate breakdowns and reduce friction. Additionally, individuals are remodeling their homes in accordance with trends to improve their visual appeal of the same. Due to these comprehensive qualities and Urbanisation, the market for construction lubricants for the residential industry is growing. For instance, the residential construction industry in Canada displayed a notable upswing in august. Statistics Canada reported a 1.6% surge in investment to $11.9 billion, with single-family homes rising by 2.4% to $5.9 billion and multi-unit constructions climbing 0.9% to $6.0 billion. According to Japan’s Ministry of Land, Infrastructure, Transport and Tourism, the construction reported a 5% rise in housing construction within the public sector in 2023. Thus, with the high growth of construction lubricants in the residential industry, it is anticipated that the demand for the construction lubricants industry will flourish during the forecast period.
Construction Lubricants Market Challenge
Fluctuations in Crude Oil Prices
Fluctuations in crude oil prices continue to be one of the main challenges in the construction lubricants market. Construction lubricants are essentially petrochemicals derived from Brent crude oil. Rising crude oil prices cause raw material price volatility, posing substantial hurdles for manufacturers in the construction lubricants market. For instance, the Brent crude oil price increased from US$86.51/bbl in Jan 2022 to US$122.71/bbl in June 2022 and then decreased to US$74.84/bbl in June 2023. This results in a considerable increase in construction lubricant prices, which drives up manufacturing costs and reduces manufacturers’ profit margins, thereby limiting the construction lubricants market growth.
Construction Lubricants Industry Outlook
Technology launches, acquisitions and R&D activities are key strategies adopted by players in the construction lubricants market. The top 10 companies in the Construction Lubricants market are:
Royal Dutch Shell
ExxonMobil
BP p.l.c.
Chevron Corporation
TotalEnergies SE
Petrochina Company
LUKOIL
Indian Oil Corporation
Sinopec
Fuchs Petrolub SE
Recent Developments
In May 2023, BIGBEN’s introduction of ScaffOil represented a significant leap in construction lubricants. This eco-friendly, high-performance product tailored for scaffolding and construction offers weather resilience and superior penetrating power. Its focus on durability and operational efficiency aligns with evolving demands in this sector.
In June 2022, Volvo Construction Equipment launched Volvo Hydraulic Oil 98611 HO103, revolutionizing the construction lubricants market. This oil extends drain intervals in Volvo’s crawler excavators to 3,000 hours, enhancing equipment performance and longevity. Featuring optimized fuel efficiency, reduced oil consumption, and environmental benefits, it offers diverse viscosity options, marking a significant advancement in lubricant technology.
In March 2022, BPCL, launched four new MAK lubrication products. Each product is intended to improve customer performance, dependability and durability
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#lubrication#efficiency#equipmentlongevity.#syntheticlubricants#performance#sustainability#biodegradablelubricants#ecofriendly#heavyduty#highperformancelubricants#wearandtear#energyefficient#operatingcosts.#predictivemaintenance#iotlubrication#downtime#machinelife.#innovation#environmentalregulations#longlasting#offroadvehicles#constructionmachinery.#advancedlubrication#corrosionprotection#reducedemissions.#greaselubrication#hydraulicfluids#smoothoperation#maximumperformance#extremeconditions.
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Articulated Dump Trucks Market Global Opportunities by Regions and Growth Status - 2032
The Reports and Insights, a leading market research company, has recently releases report titled “Articulated Dump Trucks Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2024-2032.” The study provides a detailed analysis of the industry, including the global Articulated Dump Trucks Market share, size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.
Report Highlights:
How big is the Articulated Dump Trucks Market?
The articulated dump trucks market size reached US$ 4,919.6 million in 2023. Looking forward, Reports and Insights expects the market to reach US$ 7,965.3 million in 2032, exhibiting a growth rate (CAGR) of 5.5% during 2024-2032.
What are Articulated Dump Trucks?
Articulated Dump Trucks (ADTs) are robust, off-road vehicles primarily utilized in construction, mining, and quarrying to transport bulk materials. They feature a hinge connecting the cab and dump box, enabling independent movement between the two parts for enhanced maneuverability on rough terrain. ADTs are known for their high payload capacity and are equipped with large, sturdy tires to ensure traction in challenging environments. These trucks are essential for hauling materials in demanding conditions due to their capability to navigate steep slopes and uneven surfaces.
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What are the growth prospects and trends in the Articulated Dump Trucks industry?
The articulated dump trucks market growth is driven by various factors. The market for Articulated Dump Trucks (ADTs) is on a steady rise, propelled by the construction, mining, and quarrying sectors' need for durable off-road vehicles. ADTs are prized for their capacity to handle tough terrains and transport large volumes of materials effectively. Growth drivers include ongoing infrastructure projects, expanding mining operations, and the demand for efficient material transportation solutions. Furthermore, advancements in technology, such as increased fuel efficiency and improved safety features, are also playing a role in driving market expansion. Hence, all these factors contribute to articulated dump trucks market growth.
What is included in market segmentation?
The report has segmented the market into the following categories:
Product Type:
Standard Dump Trucks
Compact Dump Trucks
Dump Capacity:
Below 30 tons
30-40 tons
Above 40 tons
End-Use Industry:
Construction
Mining
Quarrying
Agriculture
Landscaping
Others
Application:
Hauling Materials
Waste Management
Infrastructure Development
Mining Operations
Others
Sales Channel:
OEMs (Original Equipment Manufacturers)
Distributors
Online Retailers
Segmentation By Region:
North America:
United States
Canada
Europe:
Germany
United Kingdom
France
Italy
Spain
BENELUX
NORDIC
Russia
Poland
Rest of Europe
Asia Pacific:
China
Japan
India
South Korea
ASEAN
Australia & New Zealand
Rest of Asia Pacific
Latin America:
Brazil
Mexico
Argentina
Rest of LATM
Middle East & Africa:
Saudi Arabia
South Africa
United Arab Emirates
Israel
Egypt
Who are the key players operating in the industry?
The report covers the major market players including:
Caterpillar Inc.
Volvo Construction Equipment
Komatsu Ltd.
Hitachi Construction Machinery Co., Ltd.
Terex Corporation
Doosan Infracore Co., Ltd.
Liebherr Group
Bell Equipment Co SA
XCMG Group
SANY Group Co., Ltd.
JCB Ltd.
Deere & Company (John Deere)
Hyundai Construction Equipment Co., Ltd.
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Our offerings include comprehensive market intelligence in the form of research reports, production cost reports, feasibility studies, and consulting services. Our team, which includes experienced researchers and analysts from various industries, is dedicated to providing high-quality data and insights to our clientele, ranging from small and medium businesses to Fortune 1000 corporations.
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Articulate Dump Truck (ADT) Market by Technology Advancement 2020 to 2027
Research on the 2020-2027 Global Articulate Dump Truck (ADT) market provides a basic overview of the industry including concepts, classifications, applications and the structure of the supply chain. Market analysis for the international markets is provided by Global Articulate Dump Truck (ADT) , including developments in growth, competitive landscape analysis, and key regions development status. Articulate Dump Truck (ADT) industry Policy and plans for development are discussed as well as processes for manufacturing and cost structures are also analyzed. The Articulate Dump Truck (ADT) also provides information on import/export use, supply and demand estimates, cost, price, revenue, and gross margins.
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The Articulate Dump Truck (ADT) report provides an in-depth analysis of different market players, their markets and services. It also helps to understand industry strategies such as alliances, agreements, mergers & acquisitions, and the introduction of new products introduced by key players in the Articulate Dump Truck (ADT) . To understand the factors leading to Articulate Dump Truck (ADT) market fluctuations, the study is a valuable source of information for investors, industry researchers, enterprise-level organizations, and business experts.
Global Articulate Dump Truck (ADT) market competition by top manufacturers, with production, price, revenue (value) and market share for each manufacturer; the TOP PLAYERS including;
Volvo, Caterpillar, John Deere, Doosan Equipment, Bell Equipment, Liebherr Excavators, Sandvik, Case, Terex Trucks, Komatsu, Atlas, Hitachi, Astra, Xugong, DUX Machinery, Fambition Mining Technology, GHH Fahrzeuge, Hydrema, Normet International
Breakdown Data by Type
Hydraulic ADT
Mechanical ADT
Breakdown Data by Application
Mining Industry
Construction
Environmental Sanitation
Agricultural
Others
Global Articulate Dump Truck (ADT) Market Geographic Scope:
North America (U.S., Canada, Mexico) Europe (Germany, U.K., France, Italy, Russia, Spain, etc.) Asia-Pacific (China, India, Japan, Southeast Asia, etc.) South America (Brazil, Argentina, etc.) Middle East & Africa (South Africa, Saudi Arabia, etc.)
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The report on the market for Articulate Dump Truck (ADT) deeply analyzes important features in major developing markets. The Articulate Dump Truck (ADT) study involves the size of the market, the latest trends, drivers, risks, opportunities and main segments of the market. The research reveals market dynamics for the current market environment and future scenario over the forecast period in several geographic segments along with Articulate Dump Truck (ADT) market analysis. In addition to a SWOT analysis of key vendors, the Articulate Dump Truck (ADT) report also includes a comprehensive market and vendor landscape. It also talks about the size of the Articulate Dump Truck (ADT) market and the growth aspects of different segments.
The global Articulate Dump Truck (ADT) Industry provides an overview of recent growth factors in the global market. Recent innovations have created multiple growth opportunities for both prevailing firms and new market entrants, according to the report. Global Articulate Dump Truck (ADT) Market Research Reports provide market trends, competitive landscape, market analysis, cost structure, capacity, revenue, gross profit, distribution and forecast 2027.
Key Takeaways From This Report:
Discover Articulate Dump Truck (ADT) market potential by analyzing product design, end-use applications growth rates, cost, and size.
Understand the different dynamics that affect the market for Articulate Dump Truck (ADT) – business opportunities, key driving forces, and challenges.
To analyze the global key players, SWOT analysis, value, and global Articulate Dump Truck (ADT) market share for top players.
The Articulate Dump Truck (ADT) market report estimates the sales and distribution channels across key geographies to boost top-line revenues.
To evaluate each submarket strategically with regard to individual growth trend and Articulate Dump Truck (ADT) market contribution
Assess the supply-demand gaps, import-export figures, and the Articulate Dump Truck (ADT) industry's restrictive landscape for the world's leading countries.
To evaluate Articulate Dump Truck (ADT) industry trends such as extensions, deals, releases of new products and business acquisitions.
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Middle East and Africa OTR Tire Market Scope, Share, Report 2022-2028
BlueWeave Consulting, a leading strategic consulting and market research firm, in its recent study, expects Middle East and Africa OTR (Off-The-Road) tire market size to grow at a CAGR of 4.3% during the forecast period between 2022 and 2028. The expansion of Middle East and Africa OTR tire market is driven by the increasing number of large construction, mining, and industrial activities; growing infrastructure development to facilitate economic diversification and rising government investments in agricultural machinery and non-oil industries. Additionally, the growth of the real estate sector in emerging economies has expanded the market for construction and material handling equipment due to increasing labor costs, the need for improved productivity, and the need to maximize resource utilization, which is expected to significantly boost the growth of the OTR tire market in the region. Agricultural operations, such as crop plotting and scouting as well as irrigation purposes, necessitate the use of utility OTR vehicles to carry out major day-to-day tasks. The use of farm machinery necessitates the replacement or retreading of OTR tires at regular intervals. As a result, these factors could drive the overall market growth. Moreover, innovations that coincide with the emergence of end-use industries, such as smart tire integration for improving industrial fleets and connecting on-tire sensors to patent data analytics to expedite maintenance and other operations, are expected to fuel the growth of Middle East and Africa OTR tire market during the period in analysis. However, high-cost R&D activities and low-cost tire alternatives are anticipated to limit the growth of Middle East and Africa OTR tire market.
Middle East and Africa OTR Tire Market – Overview
OTR tires are a type of off-road tire that is designed to provide additional grip on unpaved terrains, such as loose dirt, mud, sand, or gravel. These tires, normally radial with thick deep treads, are intended to be utilized in both on-and off-road vehicles. OTR tires that can function in tough conditions without compromising on safety, quality, or efficiency are necessary for heavy-duty equipment and automobiles. OTR tires market is comprised of manufacturers, sole traders, and partnerships that distribute OTR tires for heavy duty vehicles, such as rigid dump trucks, loaders, and reach stackers, for ports, construction sites, and surface or underground mining. The OTR tire market serves various industries and organizations, such as agriculture, mining and quarrying, and construction. OTR tires are developed for cars that routinely drive on rough surface. They support significant amount of mass and steer the vehicles through difficult terrains.
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Middle East and Africa OTR Tire Market - By Application
Based on application, Middle East and Africa OTR tire market is divided into Construction & Mining, Agriculture, and Industrial segments. The construction and mining segment is expected to hold the highest market share in the Middle East and Africa OTR tire market owing to the presence of countries, such as the UAE, Saudi Arabia, and South Africa, where a substantial number of development projects are underway, increasing the demand for heavy vehicles, which in turn increases the demand for OTR tires in the Middle East and Africa region. Furthermore, OTR tires enable flexibility, a comfortable ride, and stability at high speeds on construction sites, enhancing productivity and efficiency and thereby increasing the necessity for OTR tires for construction applications.
Impact of COVID-19 on Middle East and Africa OTR Tire Market
COVID-19 had a detrimental impact on the Middle East and Africa OTR tire market. Construction had come to a halt in the initial half of 2020 due to the pandemic. Industry closure, reverse labor migration in the Middle East, and inadequate logistics support for construction equipment made an impact on the entire construction industry. Furthermore, the decline of crude oil prices and supply during the same period restricted construction activities in several Middle Eastern and African economies, adversely affecting the new orders for OTR tires. This, in turn, hampered the growth of Middle East and Africa OTR tire market.
Competitive Landscape
Middle East and Africa OTR Tire Market is fiercely competitive. Prominent players in the market include Bridgestone Middle East & Africa FZE, Promoteon Tire Group S.R.L., Triangle Tire Co. Ltd., Petlas Lastik San. Tic. Inc., MRF Limited, The Goodyear Tire & Rubber Co., Balkrishna Industries Limited, Yokohama Rubber Company, JK Tires and Industries, and Compagnie Generale des Etablissements Michelin SCA (Michelin SCA). To further enhance their market share, these players are primarily focused on the development of innovative and efficient products, new product releases, mergers and acquisitions, collaborations, partnerships, and joint ventures.
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Railroad Equipment Market Unidentified Segments – The Biggest Opportunity Of 2022
Advance Market Analytics released a new market study on Global Railroad Equipment Market Research report which presents a complete assessment of the Market and contains a future trend, current growth factors, attentive opinions, facts, and industry validated market data. The research study provides estimates for Global Railroad Equipment Forecast till 2027*.
The railroad equipment is the equipment that supports railroad projects. In this many equipments are involved in the category used for multiple types of work. In railroads, projects require highly specialized equipment, engineers and other unique services to perform railroad services. This market growth depends on the demand for the rail industry.
Key Players included in the Research Coverage of Railroad Equipment Market are EMD (United States),Siemens (Germany),Wabtec (United States),American Railcar Industries (United States),GE (United States),Greenbrier (United States),Progressive Rail Locomotive (United States),Trinity Industries (United States),ALSTOM (France),Bombardier (Canada),CRRC Corporation (China),NIPPON SHARYO (Japan)
What's Trending in Market: Increase in the Number of Passengers Using Railways
The Rapid Adoption of IoT and Safety in Railways
Rising Demand for Scrap Produced During Steel Making
Challenges: High Initial Cost Investment in Railways
Opportunities: Increasing Construction Activities and Infrastructure in the Asia-Pacific Region
Market Growth Drivers: Rise in Demand of Public Transport by the Government
Increasing Demand for Comfort Zone While Travelling
The Growing Number of Trains Worldwide
Increasing Disposable Income of People
The Global Railroad Equipment Market segments and Market Data Break Down by Application (Railway, Subway, Others), Equipment (Caterpillar Sideboom, Caterpillar Track Loader, Caterpillar Wheel Loader, Caterpillar Excavator / Track Hoe, Hi-Rail Crane, Locomotive Service Truck (LST), Hi-Rail Vacuum Truck, Caterpillar Dozer, Dozer Rake, Caterpillar Backhoe, Dump Truck, Others) To comprehend Global Railroad Equipment market dynamics in the world mainly, the worldwide Railroad Equipment market is analyzed across major global regions. AMA also provides customized specific regional and country-level reports for the following areas. • North America: United States, Canada, and Mexico. • South & Central America: Argentina, Chile, Colombia and Brazil. • Middle East & Africa: Saudi Arabia, United Arab Emirates, Israel, Turkey, Egypt and South Africa. • Europe: United Kingdom, France, Italy, Germany, Spain, Belgium, Netherlands and Russia. • Asia-Pacific: India, China, Japan, South Korea, Indonesia, Malaysia, Singapore, and Australia.
Presented By
AMA Research & Media LLP
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Dump Garbage Truck Market 2022 Global Industry Share, Growth, Drivers, Emerging Technologies, and Forecast Research Report 2028
Dump Garbage Truck Market Overview:
A New Market Study, Titled “Dump Garbage Truck Market Upcoming Trends, Growth Drivers and Challenges” has been featured on fusionmarketresearch.
The Dump Garbage Truck Market report is latest report published by Fusion Market Research which provides comprehensive information, overview of the demands and describe Impact of Covid-19 on the market during the forecast period 2022–2028.
At the beginning of a recently published report on the global Dump Garbage Truck Market, extensive analysis of the industry has been done with an insightful explanation. The overview has explained the potential of the market and the role of key players that have been portrayed in the information that revealed the applications and manufacturing technology required for the growth of the global Dump Garbage Truck Market.
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The major players included in the report are Bucher (Johnston) ZOOMLION Elgin FULONGMA Hako FAYAT GROUP Aebi Schmidt Exprolink Alamo Group FAUN TYMCO Tennant Global Sweeper AEROSUN Dulevo Boschung Alfred K?rcher KATO Henan Senyuan Hubei Chengli
Based on the type of product, the global Dump Garbage Truck market segmented into Small Type Mid-size Type Large Type
Based on the end-use, the global Dump Garbage Truck market classified into Residential Region Commercial Region Industrial Region
Based on geography, the global Dump Garbage Truck market segmented into North America (United States, Canada and Mexico) Europe (Germany, UK, France, Italy, Russia and Spain etc.) Asia-Pacific (China, Japan, Korea, India, Australia and Southeast Asia etc.) South America (Brazil, Argentina and Colombia etc.) Middle East & Africa (South Africa, UAE and Saudi Arabia etc.)
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Table of Contents
1 RESEARCH SCOPE 1.1 Research Product Definition 1.2 Research Segmentation 1.2.1 Product Type 1.2.2 Main product Type of Major Players 1.3 Demand Overview 1.4 Research Methodology
2 GLOBAL Dump Garbage Truck INDUSTRY 2.1 Summary about Dump Garbage Truck Industry
2.2 Dump Garbage Truck Market Trends 2.2.1 Dump Garbage Truck Production & Consumption Trends 2.2.2 Dump Garbage Truck Demand Structure Trends 2.3 Dump Garbage Truck Cost & Price
3 MARKET DYNAMICS 3.1 Manufacturing & Purchasing Behavior in 2020 3.2 Market Development under the Impact of COVID-19 3.2.1 Drivers 3.2.2 Restraints 3.2.3 Opportunity 3.2.4 Risk
4 GLOBAL MARKET SEGMENTATION 4.1 Region Segmentation (2017 to 2021f) 4.1.1 North America (U.S., Canada and Mexico) 4.1.2 Europe (Germany, UK, France, Italy, Rest of Europe) 4.1.3 Asia-Pacific (China, India, Japan, South Korea, Southeast Asia, Australia, Rest of Asia Pacific) 4.1.4 South America (Brazil,, Argentina, Rest of Latin America) 4.1.5 Middle East and Africa (GCC, North Africa, South Africa, Rest of Middle East and Africa) 4.2 Product Type Segmentation (2017 to 2021f) 4.2.1 Small Type 4.2.2 Mid-size Type 4.2.3 Large Type 4.3 Consumption Segmentation (2017 to 2021f) 4.3.1 Residential Region 4.3.2 Commercial Region 4.3.3 Industrial Region
5 NORTH AMERICA MARKET SEGMENT 5.1 Region Segmentation (2017 to 2021f) 5.1.1 U.S. 5.1.2 Canada 5.1.3 Mexico 5.2 Product Type Segmentation (2017 to 2021f) 5.2.1 Small Type 5.2.2 Mid-size Type 5.2.3 Large Type 5.3 Consumption Segmentation (2017 to 2021f) 5.3.1 Residential Region 5.3.2 Commercial Region 5.3.3 Industrial Region 5.4 Impact of COVID-19 in North America
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What our report offers: – Market share assessments for the regional and country-level segments – Strategic recommendations for the new entrants – Covers Market data for the years 2020, 2021, 2022, 2025, and 2028 – Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations) – Strategic recommendations in key business segments based on the market estimations – Competitive landscaping mapping the key common trends – Company profiling with detailed strategies, financials, and recent developments – Supply chain trends mapping the latest technological advancements
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Saudi Arabia Construction Equipment Market to be dominated by demand of Cranes through 2027
Use of new technology in Construction Equipment and the rise in the number of public infrastructure projects are expected to drive the demand of Saudi Arabia Construction Equipment Market for the forecast period, 2023-2027.
According to TechSci Research report, “Saudi Arabia Construction Equipment Market, By Region, Competition Forecast & Opportunities, 2027”, the Saudi Arabia Construction Equipment market is expected to witness robust CAGR growth in the forecast period, 2023-2027. The oil & gas industry is considered the major revenue-generating industry in Saudi Arabia. The government is trying to boost the growth of the other prominent sectors to reduce the dependence on the oil industry and diversify the income sources, which is expected to create lucrative opportunities and boost the growth of the construction industry. A rise in the government focus on the development of overall infrastructure as well as energy and utilities construction projects is expected to accelerate the growth of the Saudi Arabia Construction Equipment market in the next five years.
The outbreak of COVID-19 adversely impacted the construction industry as it restricted the ongoing construction activities to contain the spread of novel coronavirus. Construction activities require a large number of laborers, and the COVID-19 created a shortage of laborers. However, with the proliferation of COVID-19 vaccination and the relaxations in the strict guidelines, the construction industry is expected to witness huge growth opportunities in the forecast period.
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The Saudi Arabia Construction Equipment market is segmented by segment, product type, end-user, competitional landscape, and regional distribution.
On the basis of the segment, the Saudi Arabia Construction Equipment market is divided into earth moving, material handling, concrete mixing, road construction, and others. The earth moving equipment is expected to hold the largest market share in the forecast period, 2023-2027. Earth moving equipment uses hydraulic drives as the primary source of motion. Loaders, motor graders, excavators come under the earth moving Construction Equipment. Growing demand for better infrastructure facilities and the rise in the urban population is expected to influence the demand of the earth moving equipment for the next five years.
On the basis of the product type, the Saudi Arabia Construction Equipment market is divided into backhoe loaders, excavators, cranes, transit mixer, forklifts, batching plants, concrete pump, wheel loader, road roller machine, compaction equipment, compressors, motor graders, rigid dump trucks and others. The cranes segment is expected to witness the fastest incremental growth in the next five years. Cranes can be of many types: rough terrain cranes, crawler cranes, tower cranes, port, and offshore cranes. The construction of tall buildings and projects emphasizing the redevelopment of cities, airports, and other infrastructure is expected to fuel the demand for cranes for the next five years.
On the basis of the end-user, the Saudi Arabia Construction Equipment market is divided into oil & gas, construction, infrastructure, manufacturing, and others. The construction industry is expected to witness significant growth opportunities in the next five years. Several housing projects, such as the ESKAN project introduced by the leading authorities, consist of plans to build 500,000 units and allocate funds for the construction of 1,500,000 units of houses in the coming years. The tourism industry is growing at a rapid rate. The presence of large hotel projects to accommodate the growing number of tourists visiting Riyadh, Makkah, Madinah, and Jeddah is expected to boost the Construction Equipment demand.
Major market players operating in Saudi Arabia Construction Equipment market are:
Komatsu Limited
Volvo Construction Equipment Corporation
Catepillar Inc.
Hitachi Construction Machinery Co. Ltd.
Manitowoc Company Inc.
Sumitomo Corporation
CNH Industrial NV
Doosan Intracore Construction Equipment
Kobelco Construction Machinery Co. Ltd
XCMG Group
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“High-end investments by the market players for infrastructure development and the ongoing social and urban development projects, such as the Sakani housing program using smart tech, are expected to create huge growth potential for the forecast period. Also, to boost the development of transport infrastructure and enhance mobility in Saudi Arabia, the government is introducing city infrastructure projects such as Riyadh Rapid Bus Transit System and Riyadh Metro are driving the adoption of advanced technologies and implementing new operating standards for enhanced safety during construction activities is anticipated to propel the growth of Saudi Arabia Construction Equipment market till 2027” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.
“Saudi Arabia Construction Equipment Market, By Region, Competition Forecast & Opportunities, 2027”, has evaluated the future growth potential of Saudi Arabia Construction Equipment market and provides statistics & information on market size, structure, and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in Saudi Arabia Construction Equipment market.
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Smart Mining Market 2021 | Business Opportunity, Growth Strategies & Forecast Report By 2027
The Global Smart Mining Market Report, in its latest update, highlights the significant impacts and the recent strategical changes under the present socio-economic scenario. The Smart Mining industry growth avenues are deeply supported by exhaustive research by the top analysts of the industry. The report starts with the executive summary, followed by a value chain and marketing channels study. The report then estimates the CAGR and market revenue of the global and regional segments.
Base Year: 2020
Estimated Year: 2021
Forecast Till: 2027
The report classifies the market into different segments based on type and product. These segments are studied in detail, incorporating the market estimates and forecasts at regional and country levels. The segment analysis is helpful in understanding the growth areas and potential opportunities of the market.
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A special section is dedicated to the analysis of the impact of the COVID-19 pandemic on the growth of the Smart Mining market. The impact is closely studied in terms of production, import, export, and supply.
The report covers the complete competitive landscape of the Worldwide Smart Mining market with company profiles of key players such as:
Rockwell Automation, Inc.
SAP SE
Trimble Navigation Ltd.
Hexagon
Stone Three Mining Pty Ltd.
Symboticware Inc.
Alastri
Intelisense.io
ABB Ltd.
Atlas Copco
Caterpillar
Hitachi Construction Machinery Co., Ltd.
Joy Global Inc.
Komatsu Ltd.
Sandvik AB
Cisco Systems, Inc.
Alcatel-Lucent
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Smart Mining Market Analysis by Automated Equipment:
Excavators
Load Haul Dump
Drillers & Brakers
Robotic Truck
Other Automated Equipment
Smart Mining Market Analysis by Hardware Component:
Sensors
RFID Tags
Intelligent Systems
Others
Smart Mining Market Analysis by Software Solutions:
Logistics Software
Data and Operation Management Software
Safety and Security Systems
Connectivity Solutions
Analytics Solutions
Remote management Solutions
Asset management Solutions
Smart Mining Market Analysis by Services:
Support and Maintenance
System Integration and Implementation services
Product Training Services
Consulting Services
Smart Mining Market Analysis by Geography:
North America (USA, Canada, and Mexico)
Europe (Germany, UK, France, Italy, Russia, Spain, Rest of Europe)
Asia Pacific (China, India, Japan, South Korea, Australia, South-East Asia, Rest of Asia-Pacific)
Latin America (Brazil, Argentina, Peru, Chile, Rest of Latin America)
The Middle East and Africa (Saudi Arabia, UAE, Israel, South Africa, Rest of the Middle East and Africa)
Key questions answered in the report:
What is the expected growth of the Smart Mining market between 2022 to 2027?
Which application and type segment holds the maximum share in the Global Smart Mining market?
Which regional Smart Mining market shows the highest growth CAGR between 2022 to 2027?
What are the opportunities and challenges currently faced by the Smart Mining market?
Who are the leading market players and what are their Strengths, Weakness, Opportunities, and Threats (SWOT)?
What business strategies are the competitors considering to stay in the Smart Mining market?
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Saudi Arabia Dump Truck Market Report 2031
Saudi Arabia dump truck market is anticipated to witness a CAGR of 11.54% during the forecast period 2024-2031, growing from USD 1.61 billion in 2023 to USD 3.86 billion in 2031. The market has observed significant growth in recent years and is expected to expand in the coming years owing to a growing demand for efficient material transportation, considerable increase in construction and mining industries, rising government investment in infrastructure and transportation development, and introduction of mining sites and new coalfields. The demand for dump trucks in Saudi Arabia is growing more significantly in the forecast period owing to rapid urbanization, technological advancement in dump trucks, significant expansion in transportation and logistics, and the introduction of energy-efficient vehicles. In addition, the introduction of electric vehicles to reduce the negative impacts of mining and excavation on the environment extends profitable opportunities for the key companies in the forecast period. Furthermore, the Saudi government is aiming for private-public partnerships to fund and complete these projects, attracting expertise and foreign direct investments. This strategic move is estimated to introduce different job opportunities and stimulate economic growth, resulting in making Saudi Arabia a construction and infrastructure development hub. The construction surge across Saudi Arabia, propelled by ambitious projects including Red Sea, NEOM, and Qiddiya as part of Vision 2030, is propelling an increase in pre-construction activities. Additionally, in 2021, Saudi Arabia planned an investment of USD 147 billion in transport and logistics over the coming nine years as the Crown Prince intends to transform the Kingdom into an international aviation hub, further opening opportunities for partnership with the private sector.
Key participants in the Saudi Arabia dump truck market are investing significantly in different research and development activities to enhance the performance of trucks and integrate advanced technologies to allow safe driving. Companies in the market are significantly offering dump trucks to their customers to address the rising demand from the construction sector.
For instance, in November 2022, GCC Olayan (distributor of Scania CV AB) announced the delivery of Scania Tipper Trucks to one of its customers in the southern region of Saudi Arabia to meet the rising demand from the construction sector and expand its market presence.
Increase in Pre-Construction Activities Drive the Saudi Arabia Dump Truck Market Growth
In Saudi Arabia, the construction sector comprises a mix of infrastructure advancements and hospitality developments. The boost in construction activities, driven by projects including Red Sea, NEOM, and Qiddiya as part of Vision 2030, propels an increase in pre-construction activities. The demand for dump trucks in Saudi Arabia is rising significantly due to increased exploration activities, various programs and initiatives to boost mining activities, and substantial investment in infrastructure development. The increase in infrastructure-related projects, surge in mining production activities due to growing requirements for natural resources and minerals, and escalating private participation in infrastructure, generated more requirements for dump trucks in Saudi Arabia.
For instance, in May 2024, Retal Urban Development Company received a contract worth USD 773 million to deliver a substantial number of residential units at ROSHN Group’s ALDANAH project in Dhahran to address Saudi Arabia’s rising housing need.
Surging Activities Concerning Road Construction Propel Market Demand
The significant rise in road construction activities across Saudi Arabia and the launch of national infrastructure funds are expected to drive the demand for dump trucks in the forecast period. The Saudi government intended to expand road capacity for trade and tourism purposes and improve and develop the road network throughout the Kingdom, which fosters the Saudi Arabia dump truck market’s growth. Companies in the market are efficiently investing in advancing the performance of dump trucks to address the rising demand. Furthermore, the Saudi government executed different road construction projects to foster stronger connections between regions.
For instance, in July 2024, the Roads General Authority (RGA) executed a significant road construction project to enhance road connectivity and support the Kingdom’s prominent position in this segment.
Government Policies and Regulations Push Market Growth in Saudi Arabia
The government of Saudi Arabia is introducing different programs and initiatives to foster mining activities and provide rapid financial support to small- and medium-sized mining companies to encourage exploration activities, which is projected to drive the Saudi Arabia dump truck market growth in the forecast period. In addition, the government is substantially investing in transportation infrastructure, including bridges, roads, and tunnels, propelling the market growth. Dump trucks are significant for transporting materials, including sand, gravel, and asphalt, from and to construction locations. Hence, rising investment by the government in construction projects drives the Saudi Arabia dump truck market demand for hauling abilities and meeting project specifications and deadlines. In addition, companies in the market are discovering different options, including hydrogen fuel cell-powered and electric dump trucks, to contribute to net-zero carbon emissions and address stringent environmental regulations. Furthermore, the Saudi Arabia government is investing in developing airports and road infrastructure to position Saudi Arabia as a regional aviation hub.
For instance, in September 2023, the Red Sea Project’s new airport opened in the country to expand tourism infrastructure and to handle 330 million passengers at its airport by 2030.
Construction Segment Dominates the Saudi Arabia Dump Truck Market
Construction segment holds the largest market share in Saudi Arabia dump truck market, owing to the development of new infrastructure and expansion across the country. The usage of dump trucks is rising in the construction industry as these trucks are designed to address different operational requirements, including the transportation of construction waste, several popular products, and payloads. In addition, companies in the market are introducing advanced and innovative dump trucks featuring configurations with varying numbers of axles to accommodate different payload capacities and offering a stable solution for unloading items. Furthermore, the growing number of construction projects in Saudi Arabia is driving the demand for dump trucks that provide a practical solution for small-scale or residential projects.
For instance, in June 2024, the Board of Directors of NEOM announced the development of Magna, a luxury lifestyle coastal destination and world-class architecture located on the Gulf of Aqaba coastline, which will be developed with a core focus on cutting-edge technology.
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30 Tons and Below Tonnage Capacity is Expected to Register the Largest Market Share
The Saudi Arabia dump truck market is set to experience significant growth, particularly in the 30 tons and below segment. This is largely due to the extensive use of these trucks in crucial infrastructure development and demolition projects. The rising demand for dump trucks having a tonnage capacity of 30 tons and below is a testament to their efficiency in load handling, material movement, and optimal balance of capacity and maneuverability. Market players are responding to this demand by introducing innovative dump trucks that can handle a wider range of materials and are equipped with powerful engines for heavy load handling. For instance, Saleh Abdulaziz Al Rashed & Sons, a leading manufacturer of high-quality dump trucks, offers a variety of dump trucks, including 30 tons and below, with cutting-edge technology to meet exact requirements of end users.
Future Market Scenario (2024-2031F)
1. The growing population increases demand for construction activities for commercial and residential determinations, propelling the real estate industry’s growth, which further drives the Saudi Arabia dump truck market.
2. Rising infrastructure development in urban locations and investments in the real estate industry are projected to propel the demand for dump trucks in Saudi Arabia.
3. The considerable increase in mining activities owing to the higher requirement for energy and resources is propelling the Saudi Arabia dump truck market demand.
Report Scope
“Saudi Arabia Dump Truck Market Assessment, Opportunities and Forecast, 2017-2031F”, is a comprehensive report by Markets and Data, providing in-depth analysis and qualitative and quantitative assessment of the current state of Saudi Arabia dump truck market, industry dynamics, and challenges. The report includes market size, segmental shares, growth trends, opportunities, and forecast between 2024 and 2031. Additionally, the report profiles the leading players in the industry, mentioning their respective market share, business models, competitive intelligence, etc.
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Luxury Vehicles Market Growth and key Industry Players, 2020 Analysis and Forecast
Reports and Data has recently added a new report titled Global Luxury Vehicles Market Research report that offers a comprehensive overview and a detailed evaluation of the global Luxury Vehicles market. The report spans over 100 pages and offers an extensive assessment of key market elements and factors likely to influence the growth of the market. The report also studies the historical and forecast data to offer accurate insights into market growth. The report offers overview of various elements such as market size, segmentation analysis, regional opportunities, drivers and restraints, prominent vendors and manufacturers in the business sphere, along with a comprehensive analysis of the competitive landscape.
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Major Players Operating in Global Luxury Vehicles Market:
BMW
Audi
Mercedes-Benz
Land Rover
Porsche
Jaguar
Volkswagen Group
Tata Motors Limited
Daimler AG
Volvo Group
Bentley
Acura
Lexus
The market research report offers a comprehensive analysis of the competitive landscape through a study of company profile overview, product portfolios, manufacturing and production capacity, market share and size, global position, financial standing, technological developments, and production and manufacturing capacity of the prominent players. It also focuses on key M&A activities, joint ventures, collaborations, product launches and brand promotions, government deals and agreements, and partnerships among others undertaken by the top companies operating in the market. The report also covers a SWOT analysis and Porter’s Five Forces analysis of key players to provide deeper insights into the competition scenario.
The report further segments the market into major geographical regions of the world including North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. The regions and their respective major countries are analyzed with regards to their revenue contribution, production and consumption patterns, import/export, demand and supply ratio, and presence of key companies located in each region.
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Regional analysis covers:
North America
Europe
Asia Pacific
Latin America
Middle East & Africa
U.S.
Canada
Mexico
Germany
U.K.
Italy
France
BENELUX
Rest of Europe
China
India
Japan
South Korea
Rest of APAC
Brazil
Rest of LATAM
Saudi Arabia
U.A.E.
South Africa
Rest of MEA
Further, the report segments the Luxury Vehicles market based on types and applications and offer insights into the key factors expected to influence revenue growth of the segment over the forecast period.
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The report also offers strategic recommendations to the new players entering the market and gives them insights into how to tackle the entry level barriers. It also offers key insights to established players to fortify their presence in the market. The formulation of this report has been done through thorough primary and secondary research to offer a better understanding of the market size, market share, scope, challenges, trends, and growth prospects among the industry. The data has been further validated by industry experts, professionals, and research analysts.
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Also Read:
Automotive Diesel Particulate Filter Market
Off-Highway Dump Trucks Market
LED Traffic Signs Market
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Off-Highway Vehicle Lighting Market Research Report
Global Off-Highway Vehicle Lighting Market
The GMI Research forecasts that the Off-Highway Vehicle Lighting Market is witnessing an upsurge in demand over the forecast period. This is mainly due to the growing investments and modifications in policies to attract private players for construction and mining activities.
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Introduction of the Off-Highway Vehicle Lighting Market
Off-highway vehicle lighting, also termed as off-road vehicles means the lighting to explore off-road at night or ameliorate bad weather visibility. It also brightens an outdoor party or campsite.
Key Players of the Global Off-Highway Vehicle Lighting Market:
· Truck-Lite
· Hamsar Diversco Inc.
· Grote Industries
· APS Lighting and Safety
· ECCO Safety Group
· W. Speaker Corporation
· WESEM
· ABL Lights Group
· HELLA GmbH & Co. KGaA
· Peterson Manufacturing Co.
Off-Highway Vehicle Lighting Market Dynamics (including market size, share, trends, forecast, growth, forecast, and industry analysis)
The ongoing transformation in the European norms to accustom the latest technologies with the better safety obligations led by the amplified road speed has raised the demand. This included lodging the LED light source in the vehicle exceeding 2,000 lumens, which has improves the safety and has accounted to be the most prominent driver responsible for the growth of the Off-Highway Vehicle Lighting Market. The rigorous norms concerned with automotive vehicles and the constant innovations will further strengthen the market size. The Insurance Institute for Highway Safety (IIHS) stated that approximately 45 percent of 2018 model vehicles are countered with high beam assist technology, which has supplemented the market growth. Furthermore, the strategic initiatives by leading players such as product launches have proliferated the market growth. Tyri, in November 2009, divulged a new heavy vehicle lighting system called intelliLight that works on the principle of a wireless mesh network. The lights are connected via Bluetooth in a closed network, confederated with the vehicle that can easily be controlled with the help of an app. However, the inflated cost of LEDs will hamper the Off-Highway Vehicle Lighting market share.
Product Segment Drivers
Based on the product, halogen is expected to expand at a larger share in the near future. This is due to the economical cost of price tags compared to LEDs or HIDs. In addition, their better visibility than the LED lights in winters and foggy weather has supplemented the market growth.
Application Segment Drivers
Based on the application, the headlamp is projected to witness robust growth over the coming years. The technology has extensively evolved over the period than halogen headlamp assemblies and sealed beams. In addition, the improvement in the usage of headlamps to maximize the benefit of improved illumination has driven the market growth.
Regional Drivers
Based on the regional coverage, Asia-Pacific will expand at a faster growth rate due to the robust presence of the players in countries like China, India, Taiwan, and Japan. For example, APS Lighting and Safety, ABL Lights Group have strong prevalence in the nations such as China and Taiwan, leading to market growth. In addition, product innovation of off-highway vehicles has raised market growth. Yamaha, in 2020, officially announced the introduction of ATV models Kodiak 700, Grizzly 2021, and 450 models have bolstered the entire market's growth.
Off-Highway Vehicle Lighting Market Segmentation:
Segmentation by Product
· LED
· Halogen
· HID
· Incandescent
Segmentation by Application
· Head Lamp
· Tail Lamp
· Work Light
· Others
Segmentation by Vehicle Type
· Excavator
· Loader
· Crane
· Dump Truck
· Tractor
· Others
Segmentation by Region:
· North America
o United States of America
o Canada
· Asia Pacific
o China
o Japan
o India
o Rest of APAC
· Europe
o United Kingdom
o Germany
o France
o Spain
o Rest of Europe
· RoW
o Brazil
o South Africa
o Saudi Arabia
o UAE
o Rest of the world (remaining countries of the LAMEA region)
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Saudi Arabia Construction Equipment Rental Market to Surpass USD2166 Million by 2026
Increasing infrastructure development projects are driving the growth in Saudi Arabia construction equipment rental market in the forecast period, 2021-2026.
According to TechSci Research report, “Saudi Arabia Construction Equipment Rental Market By Equipment Type (Dump Truck, Diesel Genset, Crane, Wheel Loader, Excavator, Bulldozer, Motor Grader, Telescopic Handler and Others), By Region (South & West, North & Central, East), By Province (Mecca, Riyadh, Eastern, Asir, Medina, East), Competition, Forecast & Opportunities, 2016-2026F”, the Saudi Arabia construction equipment rental market would potentially project a growth of 6.85% in the forecast period, 2021-2026 on the account of rapidly surging demands from the construction industry. Many projects, including port development, airports, railways, bridges, power & water and oil sector, are in the pipeline as of 2020. The government in the kingdom has expressed its plan to enhance the infrastructural development in the country. This is expected to fuel growth in the construction industry and consequently increase the demand for construction equipment rental in Saudi Arabia during the forecast period.
Moreover, the Saudi Arabian government’s initiatives to transform the country from an oil-based economy to a more reliant on manufacturing and service-based economy are expected to drive the construction market in the region. Furthermore, an increase in government infrastructure spending, population expansion, and an increase in disposable income is believed to have increased demand for residential, commercial, and institutional structures, which will enhance demand for construction equipment. In the following years, the Saudi Arabian government's increased focus on expanding net spending and the introduction of Vision 2030 is expected to considerably enhance the country's economy and construction sector. Among the GCC countries, Saudi Arabia is the fastest-growing destination for exports of heavy machinery from ASEAN nations. Saudi Arabia has led the transformation in the GCC construction market with the development of six economic cities.
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The Saudi Arabia construction equipment rental market is segmented on the basis of equipment type, province, and regional distribution. Based on Equipment type, the market is further fragmented into Dump Truck, Diesel Genset, Crane, Wheel Loader, Excavator, Bulldozer, Motor Grader, Telescopic Handler and Others.
Due to its advantages, the wheel loader is predicted to register the largest revenue shares and dominate the market segment in the next five years. Various advantages associated with wheel loader are High capacity in carrying loads, Options for different sizes, Low maintenance, Versatility in different applications, Ease of operation and reduced operating costs. Apart from its utility as an earthmover, wheel loaders can also be used in different applications. With the option for different attachments, wheel loaders default buckets can be changed into blades, augers, backhoes, hammers, rakes, etc. wheel loaders can also be used to lift trash, carry pipes, compact gravel, move hay bales, drill holes, and hammerstones. Moreover, wheel loaders require less training costs. It also makes the tasks in a job site faster to complete, with less manpower needed to manually carry heavy loads, resulting in fewer days spent on a project and fewer human resources costs.
Key market players in the Saudi Arabia Construction Equipment Rental market include:
Zahid Tractor and Heavy Machinery Company
General Contracting Company (GCC)
Bin Quraya Rental
Industrial Supplies Development Co. Ltd. (ISDC Rental Company)
Abdulla Nass & Partners Co. Ltd. (ANPC)
Saad Al Qahtani Contracting (SAQCO)
Arabian Consolidated Trading Group – Crane & Heavy Equipment Rental
Altaaqa Alternative Solutions Co. Ltd.
Al Faris
Rezayat Sparrow Arabian Crane Hire Co. Ltd.
Based on region, the market is segmented into South & West, North & Central and East Region. South & West region is anticipated to hold the largest revenue shares of the market and dominate the segment in the upcoming five years on account of increasing infrastructure development projects in the region. Furthermore, tourism activities in these regions are expected to contribute to the GDP of the region, thereby creating ample demand for construction activities in the coming years. Growth of the real estate sector across northern & central region is mainly due to increased investments from the government in construction projects which is expected to positively influence the demand for construction equipment.
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“Saudi Arabia construction equipment rental market is anticipated to grow at a healthy CAGR between 2016-2026, owing to the increasing investment in infrastructure projects, shifting from oil-based economy to service based and increasing foreign direct investment in the kingdom. Moreover, favorable socio-demographic factors such as literacy level, disposable income, etc., and development in financial sector are anticipated to benefit Saudi Arabia construction equipment rental market as a whole during the forecast period.” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.
“Saudi Arabia Construction Equipment Rental Market Segmented By Type (Brass Plumb Bob, Steel Plumb Bob), By Application (Vertical Alignment of Walls, Doorjamb, Lining up Points, Wallpapering), By Part (Pointed End, Weight, Hole for String, String), By End User (Residential, Commercial, Industrial), By Region, Size, Share, Trends, Competition, Opportunity and Forecast, 2016-2026”, has evaluated the future growth potential of Saudi Arabia construction equipment rental and provides statistics & information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in Saudi Arabia construction equipment rental market.
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New York – 10017
Tel: +1-646-360-1656
Email: [email protected]
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High Performance Trucks Market Research Report
Growth opportunities in the High-Performance Trucks market look promising over the next six years. This is attributed to the shift towards off-road vehicles followed by the benefits associated by these trucks, such as powerful electric powertrain and has exceptional interior options.
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High Performance Trucks Market Dynamics (including market size, share, trends, forecast, growth, forecast, and industry analysis)
Key Drivers
The two major factors contributing to the growth of the high-performance trucks market size include the shift towards off-road vehicles and the rising attraction towards the liveability of this type of vehicle. The top organization, such as Ford Motor and General Motor are focusing on launching high-performance electric truck in the market. The high-performance electric truck offers a powerful electric powertrain and has the best interior and other options such as panoramic glass, touch screen, and leather seats.
In 2019, Tesla launched the Cybertruck provides variants, including tri-motor AWD, dual-motor AWD, and single-motor rear-wheel-drive. Moreover, Amazon and Ford offered funds to startup "Rivan", is the leading startups for the electric pickup market for its model RIT. This startup includes trucks with a 400-mile range and an 18-kilowatt-hour battery pack.
Several companies in the market are increasing their offering and production facilities to capture to the increasing demand for high-performance trucks. In 2020, Ford Motor announced its new manufacturing plant in Dearborn, Michigan, to produce electric F-150. In addition to this, the company have invested USD 700 million for the development of Rouge Electric Vehicle Center, for the production of F-150 Power Boost hybrid and fully electric F-150. In 2018, it also planned to spend around USD 11 billion to produce 40 hybrid and full electric vehicles.Several companies in the market are increasing their offering and production facilities to capture to the increasing demand for high-performance trucks. In 2020, Ford Motor announced its new manufacturing plant in Dearborn, Michigan, to produce electric F-150. In addition to this, the company have invested USD 700 million for the development of Rouge Electric Vehicle Center, for the production of F-150 Power Boost hybrid and fully electric F-150. In 2018, it also planned to spend around USD 11 billion to produce 40 hybrid and full electric vehicles.
Regional Drivers
On the regional coverage, North America is expected to lead the market over the forecast period. The U.S. is the top resale market for high performance trucks. Instead of the negative impact of the COVID-19, the sales of these trucks have surged in the U.S. In 2019, Hyundai have invested USD 410 million to increase their Montgomery plant. In addition to this, the top companies are introducing new truck models in the market. In 2020, Fiat Chrysler launched its new performance pickup truck, Ram 1500 TRX, with 6.2 litre supercharged Hemi V8 engine capacity of 702 horsepower and 650 foot-pounds of torque.
High Performance Trucks Market’s Leading Manufacturers:
Volvo Corporation
Daimler AG
Scania
Toyota Motor
Ford Motor
General Motors
FCA
Nissan Corporation
PACCAR Inc.
MAN
High Performance Trucks Market Segmentation:
Segmentation by Vehicle Type:
Medium- & Heavy-Duty Trucks
Electric Trucks
Pickup Trucks
Segmentation by Power Output:
250-400HP
401–550 HP
>550 HP
Segmentation by Application:
Refrigeration
Dumping
Special Application
Tanker
RMC
Container
Distribution
Segmentation by Fuel Type:
Diesel
CNG
LNG
Segmentation by Region:
North America
Asia Pacific
Europe
RoW
United States of America
Canada
China
Japan
India
Rest of APAC
United Kingdom
Germany
France
Spain
Rest of Europe
Brazil
South Africa
Saudi Arabia
UAE
Rest of the world (remaining countries of the LAMEA region)
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Construction Machinery Market Analysis, Growth, Size, Demand, Trends, Share Importance and Regional Outlook | Forecast to 2027
The market report aims to provide an overview of the industry through detailed market segmentation. The report provides thorough information regarding the overview and scope of the market, along with the market drivers, restrains, and key trends. It covers both the quantitative and qualitative aspects of the industry in each region and country participating in the study.
Key Drivers of the Construction Machinery Market:
The primary factors responsible for the growth of the global construction machinery market include the increasing government spending on several infrastructure activities, rising the development of smart city projects globally, and shifting emission regulation across the world. The growing investment for the development of public infrastructure and the private sector at a global level, followed by the rising trend of urbanization and industrialization worldwide, is further surging the growth of the market. The rising government initiative for the development of smart cities across the globe is growing the demand for construction machinery to achieve the construction timeline. In addition to this, renting or leasing of construction machinery and rising advancement in construction machinery such as autonomous construction machines will create new growth opportunities in the market during the forecast period. On the other hand, the increasing cost of various machines will hamper the growth of the market.
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This report splits the Construction Machinery Market as follows:
By Machinery Type:
Crane
Telescopic Handlers
Excavator
Loaders & Backloe
Motor Grader
Articulated Dump Truck
Asphalt Finisher
Crawler Dozer
Motor Scraper
Rigid Dump Truck
Other
By Application:
Infrastructure
Commercial Buildings
Residential Buildings
Industrial Buildings
By Drive Type:
Hydraulic
Electric and Hybrid
By Region:
North America
United States of America
Canada
Asia Pacific
Europe
RoW
China
Japan
India
Rest of APAC
United Kingdom
Germany
France
Spain
Rest of Europe
Brazil
South Africa
Saudi Arabia
UAE
Rest of the world (remaining countries of the LAMEA region)
Competitive Landscape:
The construction machinery market report also scans the competitive landscape and profiles the major players operating in the market including aterpillar Inc., AB Volvo, Komatsu Ltd., CNH Industrial N.V., Hitachi Construction Machinery Co., Ltd., Terex Corporation, Mitsubishi Heavy Industries Ltd., Zoomlion Heavy Industry Science and Technology Co., Ltd., Joseph Cyril Bamford Excavators Ltd., and Liebherr Group, among others.
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About GMI Research
GMI Research is a market research and consulting firm which provides bespoke industry & market research to help businesses in making the toughest business decision. We know the significance of accurate data; that’s why our analyst use a tailored methodology to study every market in detail because one size doesn’t fit all. We not only cover the traditional well-established market but also focuses on the niche market and markets in the emerging economies, where getting data and information is a challenge. This factor makes us a pioneer in the emerging market research space. Our syndicate reports cover multiple industries across various regions and countries.
Our in-depth market reports help propel your business with all the data, strategic inputs, and competitive intelligence to move ahead even in the most uncertain times. Featured in the ‘Top 20 Most Promising Market Research Consultants’ list of Silicon India Magazine in 2018, we at GMI Research look forward to help businesses stay ahead of the curve.
For more information about this report visit https://www.gmiresearch.com/report/construction-machinery-market/
Contact GMI Research
Company Name: GMI RESEARCH EUROPE OFFICE: Level 1, The Chase Carmanhall Road, Sandyford Industrial Estate, Dublin D18 Y3X2, Ireland Email: [email protected] Website: https://www.gmiresearch.com
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