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Heavy Equipment Market Size, Analysis, Share & Forecast 2031
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Heavy Equipment Market Size, Analysis, Share & Forecast 2031

Segments - Ethiopia and Djibouti Heavy Equipment Market by Machinery Types (Roadway Machinery, Material Handling Machinery, Earth Moving Machinery, and Others), Functions (Drilling, Excavating, Hauling, Paving & Grading, and Others), Business Types (Aftermarket and Original equipment), End-users (Agriculture, Construction, Energy, Mining, Transportation, and Others), and Country (Ethiopia and Djibouti) Forecasts, 2023-2031

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Author : Raksha Sharma
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Editor : Rucha Phatak

Upcoming | Report ID :CM-4597 | 4.9 Rating | 58 Reviews | 188 Pages | Format : PDF Excel PPT

Report Description


Ethiopia and Djibouti heavy equipment market size was USD 402.78 Million in 2022 and is likely to reach USD 657.72 Million by 2031, expanding at a CAGR of 5.6% during 2023–2031. Heavy construction equipment is referred to as large scale machinery since it is utilized to eliminate the requirement for personnel and boost efficiency on a large scale while also reducing process time limits. These are utilized in a variety of industries, including construction, mining, military, oil & gas, agricultural, and forestry. Earthmoving machinery, roadway machinery, material handling machinery, and other types of heavy equipment are all examples of heavy equipment. Heavy construction equipment is also in high demand in other industries such as infrastructure, commercial structures, and residential constructions. Earthmoving equipment is used to move huge amounts of soil or to excavate foundations and landscape areas; highway machinery, such as graders, road rollers, and pavers, are used to build roadways, and material handling equipment is used to carry raw, discarded material from one location to another. 

Ethiopia and Djibouti Heavy Equipment Market Outlook

  • Growing emphasis on workplace safety, and widespread use of material handling in the industrial sector, are projected to boost the market.

  • Increasing urbanization and the accelerated expansion of existing cities fuel the market.

  • Increasing mining activities, which fuels the demand for heavy construction equipment used in material handling, is estimated to drive the market.

  • Introduction of new technology for heavy construction equipment accelerates the market expansion.

  • High capital investment, followed by the sale of used and rented equipment in Ethiopia and Djibouti, is a major constraint for the market growth.

  • Lack of skilled and experienced operators, as well as expensive cost of maintaining construction equipment, hinders the market growth.

  • The increased acceptance of heavy construction equipment due to technological advancements, as well as the rapid building of numerous commercial and residential projects in most locations, is offering lucrative opportunities for market growth.

Scope of Ethiopia and Djibouti Heavy Equipment Market Report

The report on Ethiopia and Djibouti heavy equipment market include an assessment of the market, size, share, trends, segments, and regional markets. Overview and dynamics have been included in the report.

Attributes

Details

Report Title

Heavy Equipment Market - Ethiopia and Djibouti Industry Analysis, Growth, Share, Size, Trends, and Forecast

Base Year

2022

Historic Data

2016 & 2021

Forecast Period

2023–2031

Segmentation

Machinery Types (Roadway Machinery, Material Handling Machinery, Earth Moving Machinery, and Others), Functions (Drilling, Excavating, Hauling, Paving & Grading, and Others), Business Types (Aftermarket and Original equipment), End-users (Agriculture, Construction, Energy, Mining, Transportation, and Others)

Country Scope

Ethiopia and Djibouti

Report Coverage

Market scope, analysis, share, competitive analysis, growth facts, restraints, opportunities, and revenue forecast

Key Players Covered in the Report

AB Volvo; Doosan Infracore Co. Ltd.; Hitachi Ltd.; Deere & Company; J C Bamford Excavators Ltd.; Caterpillar Inc.; Komatsu Ltd.; Liebherr-International AG; CNH Industrial N.V.; and Xuzhou Construction Machinery Group Co., Ltd. (XCMG)

Ethiopia and Djibouti Heavy Equipment Market Segment Insights

The earth moving machinery segment is projected to hold significant market share

Based on machinery types, the Ethiopia and Djibouti heavy equipment market can be segregated into roadway machinery, material handling machinery, earth moving machinery, and others. The earth moving machinery segment is projected to hold significant market share. The need for earth moving machinery equipment is expected to raise as the cost of industrial and commercial development projects rises. Large uses of earthmoving equipment, such as constructing, repairing, mining, elevating, demolition, and agricultural, are also driving the segment.

The excavating segment is anticipated to account for a substantial share

On the basis of functions, the market can be segmented into drilling, excavating, hauling, paving & grading, and others. The excavating segment is anticipated to account for a substantial share, owing to rising extraction of precious metals and minerals around the world, as well as increasing use in natural disasters where excavators are utilized in rescue operations.

The aftermarket segment is expected to expand at a robust pace in the coming years

In terms of business types, the Ethiopia and Djibouti heavy equipment market can be divided into aftermarket and original equipment. The aftermarket segment is expected to expand at a robust pace in the coming years, due to the increasing use of construction equipment in mining, infrastructure building, and energy transformation activities.

The construction segment is anticipated to grow at a high CAGR  

In terms of end-users, the market can be fragmented into agriculture, construction, energy, mining, transportation, and others. The construction segment is anticipated to grow at a high CAGR during forecast period, owing to the growing knowledge about construction equipment efficiency and performance, as well as increased industrial and construction development projects, which are expected to drive the segment. The development of new technology for construction machinery, as well as rising population migration to metropolitan regions, is the primary drivers of the segment.

Ethiopia and Djibouti Heavy Equipment Market End User

Segments

By Machinery Types

  • Roadway Machinery
  • Material Handling Machinery
  • Earth Moving Machinery
  • Others

By Functions

  • Drilling
  • Excavating
  • Hauling
  • Paving & Grading
  • Others

By Business Types

  • Aftermarket
  • Original equipment

By End-users

  • Agriculture
  • Construction
  • Energy
  • Mining
  • Transportation
  • Others

By Country

  • Ethiopia
  • Djibouti

By Key Players

  • AB Volvo
  • Doosan Infracore Co. Ltd.
  • Hitachi Ltd.
  • Deere & Company
  • J C Bamford Excavators Ltd.
  • Caterpillar Inc.
  • Komatsu Ltd.
  • Liebherr-International AG
  • CNH Industrial N.V.
  • Xuzhou Construction Machinery Group Co., Ltd. (XCMG)

Competitive Landscape

Key players in Ethiopia and Djibouti heavy equipment market include AB Volvo; Doosan Infracore Co. Ltd.; Hitachi Ltd.; Deere & Company; J C Bamford Excavators Ltd.; Caterpillar Inc.; Komatsu Ltd.; Liebherr-International AG; CNH Industrial N.V.; and Xuzhou Construction Machinery Group Co., Ltd. (XCMG). These players are actively engaged in various market development activities including collaborations, agreements, mergers & acquisitions, production capacity expansion, new product launches, and partnerships to strengthen their geographical presence and expand their customer base globally.

Ethiopia and Djibouti Heavy Equipment Market Key Players

Table Of Content

1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Heavy Equipment Market Overview
  4.1. Introduction
     4.1.1. Market Taxonomy
     4.1.2. Market Definition
  4.2. Macro-Economic Factors
     4.2.1. Industry Outlook
  4.3. Heavy Equipment Market Dynamics
     4.3.1. Market Drivers
     4.3.2. Market Restraints
     4.3.3. Opportunity
     4.3.4. Market Trends
  4.4. Heavy Equipment Market - Supply Chain
  4.5. Global Heavy Equipment Market Forecast
     4.5.1. Heavy Equipment Market Size (US$ Mn) and Y-o-Y Growth
     4.5.2. Heavy Equipment Market Size (000’ Units) and Y-o-Y Growth
     4.5.3. Heavy Equipment Market Absolute $ Opportunity
5. Global Heavy Equipment Market Analysis and Forecast by Region
  5.1. Market Trends
  5.2. Introduction
     5.2.1. Basis Point Share (BPS) Analysis by Region
     5.2.2. Y-o-Y Growth Projections by Region
  5.3. Heavy Equipment Market Size and Volume Forecast by Region
     5.3.1. North America
     5.3.2. Latin America
     5.3.3. Europe
     5.3.4. Asia Pacific
     5.3.5. Middle East and Africa (MEA)
  5.4. Absolute $ Opportunity Assessment by Region
  5.5. Market Attractiveness/Growth Potential Analysis by Region
  5.6. Global Heavy Equipment Demand Share Forecast, 2019-2026
6. North America Heavy Equipment Market Analysis and Forecast
  6.1. Introduction
     6.1.1. Basis Point Share (BPS) Analysis by Country
     6.1.2. Y-o-Y Growth Projections by Country
  6.2. North America Heavy Equipment Market Size and Volume Forecast by Country
     6.2.1. U.S.
     6.2.2. Canada
  6.3. Absolute $ Opportunity Assessment by Country
  6.4. Market Attractiveness/Growth Potential Analysis
     6.4.1. By Country
     6.4.2. By Product Type
     6.4.3. By Application
  6.5. North America Heavy Equipment Demand Share Forecast, 2019-2026
7. Latin America Heavy Equipment Market Analysis and Forecast
  7.1. Introduction
     7.1.1. Basis Point Share (BPS) Analysis by Country
     7.1.2. Y-o-Y Growth Projections by Country
     7.1.3. Latin America Average Pricing Analysis
  7.2. Latin America Heavy Equipment Market Size and Volume Forecast by Country
      7.2.1. Brazil
      7.2.2. Mexico
      7.2.3. Rest of Latin America
   7.3. Absolute $ Opportunity Assessment by Country
  7.4. Market Attractiveness/Growth Potential Analysis
     7.4.1. By Country
     7.4.2. By Product Type
     7.4.3. By Application
  7.5. Latin America Heavy Equipment Demand Share Forecast, 2019-2026
8. Europe Heavy Equipment Market Analysis and Forecast
  8.1. Introduction
     8.1.1. Basis Point Share (BPS) Analysis by Country
     8.1.2. Y-o-Y Growth Projections by Country
     8.1.3. Europe Average Pricing Analysis
  8.2. Europe Heavy Equipment Market Size and Volume Forecast by Country
     8.2.1. Germany
     8.2.2. France
     8.2.3. Italy
     8.2.4. U.K.
     8.2.5. Spain
     8.2.6. Russia
     8.2.7. Rest of Europe
  8.3. Absolute $ Opportunity Assessment by Country
  8.4. Market Attractiveness/Growth Potential Analysis
     8.4.1. By Country
     8.4.2. By Product Type
     8.4.3. By Application
  8.5. Europe Heavy Equipment Demand Share Forecast, 2019-2026
9. Asia Pacific Heavy Equipment Market Analysis and Forecast
  9.1. Introduction
     9.1.1. Basis Point Share (BPS) Analysis by Country
     9.1.2. Y-o-Y Growth Projections by Country
     9.1.3. Asia Pacific Average Pricing Analysis
  9.2. Asia Pacific Heavy Equipment Market Size and Volume Forecast by Country
     9.2.1. China
     9.2.2. Japan
     9.2.3. South Korea
     9.2.4. India
     9.2.5. Australia
     9.2.6. Rest of Asia Pacific (APAC)
  9.3. Absolute $ Opportunity Assessment by Country
  9.4. Market Attractiveness/Growth Potential Analysis
     9.4.1. By Country
     9.4.2. By Product Type
     9.4.3. By Application
  9.5. Asia Pacific Heavy Equipment Demand Share Forecast, 2019-2026
10. Middle East & Africa Heavy Equipment Market Analysis and Forecast
  10.1. Introduction
     10.1.1. Basis Point Share (BPS) Analysis by Country
     10.1.2. Y-o-Y Growth Projections by Country
     10.1.3. Middle East & Africa Average Pricing Analysis
  10.2. Middle East & Africa Heavy Equipment Market Size and Volume Forecast by Country
     10.2.1. Saudi Arabia
     10.2.2. South Africa
     10.2.3. UAE
     10.2.4. Rest of Middle East & Africa (MEA)
  10.3. Absolute $ Opportunity Assessment by Country
  10.4. Market Attractiveness/Growth Potential Analysis
     10.4.1. By Country
     10.4.2. By Product Type
     10.4.3. By Application
  10.5. Middle East & Africa Heavy Equipment Demand Share Forecast, 2019-2026
11. Competition Landscape
  11.1. Global Heavy Equipment Market: Market Share Analysis
  11.2. Heavy Equipment Distributors and Customers
  11.3. Heavy Equipment Market: Competitive Dashboard
  11.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
     11.4.1. AB Volvo
     11.4.2. Doosan Infracore Co. Ltd.
     11.4.3. Hitachi Ltd.
     11.4.4. Deere & Company
     11.4.5. J C Bamford Excavators Ltd.
     11.4.6. Caterpillar Inc.
     11.4.7. Komatsu Ltd.
     11.4.8. Liebherr

Methodology

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