Mea Rough Terrain Cranes Market

Rough Terrain Cranes Market: Medium Lifting Capacity Rough Terrain Cranes (50 Tonnes to 75 Tonnes) Anticipated to be the Most Attractive Segment over the Forecast Period: Middle East and Africa Industry Analysis and Opportunity Assessment, 2016–2026

Escalating demand from emerging infrastructure and energy sectors to fuel the MEA rough terrain cranes market growth

The MEA rough terrain cranes market is estimated to reach US$ 226.9 Mn with new sales contributing to 35.2% share in value terms by 2016 end. The rental services of rough terrain cranes in MEA is expected to grow with a CAGR of 5.3% during forecast period to cross US$ 240 Mn by the end of 2026. While the new sales of rough terrain cranes are estimated to grow at a CAGR of 5.9% between 2016 and 2026 to exceed US$ 140 Mn by 2026 end. GCC is expected to remain dominant by volume share in the MEA rough terrain cranes market accounting for over 60% in market value by 2016 end.

MEA Rough Terrain Cranes Rental Equipment: BPS Analysis by Lifting Capacity

  • Market size for medium capacity (50T-75T and 100 T and above) rough terrain cranes is expected to gain share over the forecast period. The CAGR of 100T and above capacity cranes is 5.8% which is 1.16X more than overall market growth.

  • Demand for 75 Tonnes to 100 Tonnes capacity rough terrain cranes is expected to remain stagnant over the forecast period as these cranes find more utilisation in large-scale construction projects as well as medium enterprise industrial maintenance applications.

  • Despite representing decline in market share for rough terrain cranes in the up to 50 Tonnes capacity, both the categories including less than 25 tonnes and 25-50 Tonnes capacity are collectively expected to add about US$ 14.5 Mn in incremental opportunity over the forecast period.

  • In the long run, small capacity rough terrain cranes seem profitable for mid-size construction equipment rental enterprises owing to the considerable frequency of rental bookings as well as incidences by small-scale construction developers and industrial MRO service providers.

MEA Rough Terrain Cranes Rental Equipment: Y-o-Y Projections by Lifting Capacity

  • The Y-o-Y growth largely depends on the extent of infrastructural development and industrial and commercial investments in a particular region.

  • Small capacity (<25T) and high capacity (over 50T) rough terrain cranes market is expected to increase during the latter half of the forecast period.

  • Slow economic development in most of the African countries and the long tenure of construction projects is expected to reflect erratic growth prospects over the forecast period.

MEA Rough Terrain Cranes Rental Equipment: Market Attractiveness Analysis by Lifting Capacity

  • Medium lifting capacity rough terrain cranes, i.e. 50 tonnes to 75 tonnes is expected to be the most attractive segment in the MEA rough terrain rental equipment market owing to their relatively high market share and incremental dollar opportunity.

  • The 100 tonnes and above segment is expected to be one of the most attractive segments in the MEA rough terrain rental equipment market owing to its highest CAGR of 5.8%.

  • Higher demand for large lifting capacity cranes such as 100 tonnes and above in construction projects and refineries is estimated to attribute to the development of the segment.

MEA Rough Terrain Cranes New Sales Equipment: BPS Analysis by Lifting Capacity

  • Market size for medium as well as high capacity (75T to 100T and 100 T and above) rough terrain cranes is expected to gain share over the forecast period. Both these segments are collectively projected to gain 180 BPS between 2016 and 2026.

  • 50T to 75T lifting capacity segment is expected to gain 40 BPS between 2016 and 2026, to reach US$ nearly 50 Mn by the end of 2026.

  • 25T to 50T and less than 25T lifting capacity cranes are estimated to collectively hold 28.4% market share in 2016 and are projected to lose 220 BPS to reach 26.2% market share by the end of 2026.

mea rough terrain cranes market_image for preview analysis

MEA Rough Terrain Cranes New Sales Equipment: Y-o-Y Projections by Lifting Capacity

  • 100T and above lifting capacity segment is expected to grow significantly over the forecast period owing to its high demand in oil and gas, construction, etc. in GCC countries, South Africa and Turkey.

  • Owing to increased oil production in UAE, Qatar, etc., 75T to 100T lifting capacity segment is projected to show high growth during the forecast period.

  • Less than 25T lifting capacity segment is expected to decline due to limited applications and is expected to register the lowest CAGR of 4.4%.

MEA Rough Terrain Cranes New Sales Equipment: Market Attractiveness Analysis by Lifting Capacity

  • Owing to its high demand in gas projects in GCC countries, high speed railway projects, etc., 50T to 75T lifting capacity segment is expected to be the most attractive segment by market share and incremental opportunity.

  • 25T to 50T lifting capacity segment is expected to witness a CAGR of 5.4% over the forecast period and is estimated to lose market share.

  • Less than 25 Tonnes lifting capacity is expected to move downwards owing to a low CAGR of 4.4% over the forecast period.

Future Market Insights presents a comprehensive analysis of the Middle East and Africa rough terrain cranes market in its new publication titled ‘Rough Terrain Cranes Market: Middle East and Africa Industry Analysis and Opportunity Assessment, 2016–2026’. In this report, Future Market Insights has focussed on offering detailed insights and in-depth research on the Middle East and Africa rough terrain cranes market over a 10 year forecast period 2016 – 2026. In this report, we have covered the important factors driving the growth of the Middle East and Africa rough terrain cranes market, untapped opportunities for market players in this field, trends and developments shaping the dynamics of the Middle East and Africa rough terrain cranes market and other insights across various key segments. In addition, we have identified the key drivers and restraints affecting the growth of the Middle East and Africa rough terrain cranes market. Changing trends are also analysed and incorporated in the report to equip the client with exhaustive information about the market resulting in better decision making. Macroeconomic factors that directly and indirectly affect the growth of the Middle East and Africa rough terrain cranes market are also incorporated in the report. 

Report description

The primary objective of the report is to offer insights on the market dynamics that can influence revenue growth of the Middle East and Africa rough terrain cranes market over the forecast period. Insights on key trends, drivers, restraints, value forecasts and opportunities for companies operating in the Middle East and Africa rough terrain cranes market are presented in the report. To understand and assess opportunities in this market, the report offers market forecast on the basis of lifting capacity, boom length, sales channel and country.

Market segmentation

To understand and assess opportunities in the Middle East and Africa rough terrain cranes market, we have divided the report into four sections based on market segmentation as under:

By Lifting Capacity

By Boom Length

By Sales Channel

By Country

  • Upto 25 Tonnes

  • 25.1 to 50 Tonnes

  • 50.1-75 Tonnes

  • 75.1-100 Tonnes

  • More than 100 Tonnes

  • Upto 25 meters

  • 25.1-35 meters

  • 35.1-50 meters

  • More than 50 meters

 

  • New Sales

  • Equipment Rental

  • GCC

  • Israel

  • Turkey

  • South Africa

  • Northern Africa

  • Rest of Middle East and Africa

The market value for all segments is taken in US$ Mn and the market volume is also identified in units for all the segments of the Middle East and Africa rough terrain cranes market.

A section of the report highlights the country-wise rough terrain cranes demand. It provides a market outlook for 2016–2026 and sets the forecast within the context of the Middle East and Africa rough terrain cranes market. The other section of the report highlights the Middle East and Africa rental rough terrain cranes market analysis. Furthermore, the next section highlights the Middle East and Africa rough terrain cranes new sales market providing information on the trends related to each respective segment.

In the final section of the report, a competitive landscape has been included to provide report audiences with a dashboard view. The report provides detailed market share analysis of the rough terrain cranes market on the basis of rental companies and key manufacturers operating their businesses in the Middle East and Africa region. Detailed profiles of manufacturers are also included within the scope of the report to evaluate business strategies, key offerings and recent developments in the Middle East and Africa rough terrain cranes market. Towards the end of the report, we have provided an exhaustive list of the rough terrain cranes rental companies functional in the Middle East and Africa region.

Our research methodology

The market volume of the Middle East and Africa rough terrain cranes new sales market is inferred through in-depth secondary research and validated from industry experts through primary interviews. Each interview is thoroughly analysed and average market volume is deduced and reconfirmed prior to incorporating in the report. The price of rough terrain cranes is deduced basis the lifting capacity, where the average price of each lifting capacity is inferred across all the six assessed countries. The market value of the Middle East and Africa rough terrain cranes new sales market is thus calculated from the data provided by the average selling price and market volume.

For the 10-year forecast of the Middle East and Africa rough terrain cranes market, changing trends have been observed, giving an idea about the future of the market. Other important factors considered to arrive at market forecast are the size of the current market and other dynamics shaping the scenario of the market.

Key metrics included

It is imperative to note that in an ever-fluctuating global economy, we not only conduct forecasts in terms of CAGR, but also analyse the market on the basis of key parameters such as year-on-year (Y-o-Y) growth to understand the predictability of the market and to identify the right opportunities across the market. As previously highlighted, the Middle East and Africa rough terrain cranes market is split into a number of segments. All segments in terms of lifting capacity, boom length, sales channel and country are analysed in terms of basis point share to understand individual segments’ relative contribution to market growth. This detailed level of information is important for identification of various key trends governing the Middle East and Africa rough terrain cranes market. 

Also, another important feature of our report is the analysis of all key segments in terms of absolute dollar opportunity. This is traditionally overlooked while forecasting the market. However, absolute dollar opportunity is critical in assessing the level of opportunity that a provider can look to achieve, as well as to identify potential resources from a sales and delivery perspective in the Middle East and Africa rough terrain cranes market. Last but not the least, in order to understand the key market segments in terms of growth and performance of the Middle East and Africa rough terrain cranes market, we have developed a one of its kind market attractiveness index. This index will be a great helping hand in letting clients identify real market opportunities.