Dublin, Oct. 05, 2022 (GLOBE NEWSWIRE) -- The "Egypt Construction Equipment Market Outlook: Market Forecast By Types (Mobile Cranes, Construction Tractors/Bulldozer, Earthmoving Equipment,Forklift, Dump Truck,Road Construction Equipment),?By Applications, By Regions?And Competitive Landscape" report has been added to ResearchAndMarkets.com's offering.
Egypt Construction Equipment market size is projected to grow at a CAGR of 6.4% during 2022-2028.
Egypt Construction Equipment Market report comprehensively covers the Egypt construction equipment market by types, applications, and regions.
Egypt construction equipment market report provides an unbiased and detailed analysis of the construction equipment market on-going trends, opportunities/high growth areas, market drivers which would help the stakeholders to device and align their market strategies according to the current and future market dynamics.
Egypt Construction Equipment Market Synopsis
Egypt construction equipment market grew significantly before 2020 on account of government expenditure on infrastructure development activities. However, the market declined in 2020 due to the global pandemic which resulted in the cancellation of many large-scale construction projects, thereby affecting the demand for construction equipment negatively.
However, the rising government infrastructure spending underpinned by initiatives such as Sustainable Development Vision 2030 coupled with rising FDI, and private sector investment would drive the construction equipment market in Egypt.
The spread of the COVID-19 pandemic has resulted in slowdown of the overall economy leading to the temporary halt in many construction projects across the region, thereby impacting the construction equipment market in Egypt. However, the market has regained momentum in 2021 and is expected to grow significantly in the coming years.
Based on types, the earthmoving equipment has garnered the major market revenue share in Egypt's construction equipment market owing to its prevalent usage in sectors such as mining, transportation and commercial, where they are extensively used for excavating, lifting heavy weights, and laying railway tracks.
However, in terms of volume Forklifts held the largest Egypt construction equipment market share followed by earthmoving equipment segment owing to its maximum use in retail and logistics sector for moving packages from one place to another.
Market by Application Analysis
By application, the construction application segment is expected to demonstrate significant growth over the coming years owing to a large number of upcoming infrastructure projects in the region.
Additionally, the rising hotel chains and entertainment areas on account of Egypt Vision 2030 to boost the tourism sector have further escalated the demand for construction equipment in the country.
Based on regions, central region of Egypt is anticipated to register fastest growth in the forecast period on the back of many upcoming infrastructure development projects in the region.
Key Highlights of the Report
Egypt Construction Equipment Market Overview
Egypt Construction Equipment Market Outlook
Egypt Construction Equipment Market Forecast
Egypt Construction Equipment Market Growth
Historical Data and Forecast of Egypt Construction Equipment Market Revenues for the Period 2018-2028F
Historical Data and Forecast of Egypt Construction Equipment Market Revenues, By Types for the Period 2018-2028F
Historical Data and Forecast of Egypt Construction Equipment Market Revenues, By Applications for the Period 2018-2028F
Historical Data and Forecast of Egypt Construction Equipment Market Revenues, By Regions for the Period 2018-2028F
Market Drivers and Restraints
Egypt Construction Equipment Market Trends
Industry Life Cycle
Egypt Construction Equipment Market - Porter's Five Forces
Market Opportunity Assessment
Market Competitive Benchmarking
Key Strategic Recommendations
Hitachi Construction Machinery Co., Ltd
Hyundai Construction Equipment Co., Ltd
Volvo Construction Equipment
J C Bamford Excavator Limited
Doosan Infracore Co., Ltd.
Palazzani Industrie S.p.A.
Zoomlion Heavy Industry Science and Technology Co., Ltd.
Key Attractiveness of the Report
COVID-19 Impact on the Market.
10 Years Market Numbers.
Historical Data Starting from 2018 to 2021.
Base Year: 2021
Forecast Data until 2028.
Key Performance Indicators Impacting the Market.
Major Upcoming Developments and Projects.
Market Scope and Segmentation
The report provides a detailed analysis of the following market segments:
Road Construction Equipment
Oil & Gas
Others (Municipality, Road Construction etc.)
For more information about this report visit https://www.researchandmarkets.com/r/ov4c1u
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