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GCC Construction Machinery Market Share

Statistics for the 2023 & 2024 GCC Construction Machinery market share, created by Mordor Intelligence™ Industry Reports. GCC Construction Machinery share report includes a market forecast to 2029 and historical overview. Get a sample of this industry share analysis as a free report PDF download.

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Market Share of GCC Construction Machinery Industry

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.

GCC Construction Machinery Market Leaders

  1. Caterpillar

  2. Komatsu

  3. Liebherr International AG

  4. Volvo Construction Equipment Corp.

  5. Kobelco Construction Machinery

*Disclaimer: Major Players sorted in no particular order

GCC Construction Machinery Market Concentration

GCC Construction Machinery Market Report Snapshots

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