Middle East & Africa Electric Earthmoving Equipment Market Size & Outlook
The electric earthmoving equipment market in Middle East & Africa is expected to reach a projected revenue of US$ 8,516.9 million by 2030. A compound annual growth rate of 3.9% is expected of Middle East & Africa electric earthmoving equipment market from 2024 to 2030.
- Automotive, Mobility & Logistics
- Automotive & Auto Aftermarket
- Electric Earthmoving Equipment Market Outlook
- Automotive & Auto Aftermarket
Revenue, 2023 (US$M)
$6,494.4
Forecast, 2030 (US$M)
$8,516.9
CAGR, 2024 - 2030
3.9%
Report Coverage
Middle East & Africa
Global Market
Related Markets
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MEA electric earthmoving equipment market highlights
- The MEA electric earthmoving equipment market generated a revenue of USD 6,494.4 million in 2023.
- The market is expected to grow at a CAGR of 3.9% from 2024 to 2030.
- In terms of segment, up to 250 hp was the largest revenue generating engine capacity in 2023.
- Up to 250 HP is the most lucrative engine capacity segment registering the fastest growth during the forecast period.
- Country-wise, UAE is expected to register the highest CAGR from 2024 to 2030.
MEA data book summary
| Market revenue in 2023 | USD 6,494.4 million |
| Market revenue in 2030 | USD 8,516.9 million |
| Growth rate | 3.9% (CAGR from 2024 to 2030) |
| Largest segment | Up to 250 hp |
| Fastest growing segment | Up to 250 HP |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Up to 250 HP, More than 500 HP, 250-500 HP |
| Key market players worldwide | Caterpillar Inc, CNH Industrial NV, Doosan Corporation Electro-Materials, Hitachi Construction Machinery Co Ltd, Hydrema Group, JCB, Komatsu Ltd, Liebherr Group, Sany, Volvo Construction Equipment |
Other key industry trends
- In terms of revenue, MEA region accounted for 9.9% of the global electric earthmoving equipment market in 2023.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 43,354.0 million by 2030.
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Publish Date: Dec 17, 2024
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Electric Earthmoving Equipment Market Scope
Electric Earthmoving Equipment Market segmentation & scope
Electric Earthmoving Equipment Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Caterpillar Inc | View profile | 121,173 | 5205 N. O'Connor Boulevard, Suite 100, Irving, TX, United States, 75039 | www.caterpillar.com |
| Komatsu Ltd | View profile | 70,608 | 3-6 Akasaka 2-chome, Minato-ku, Tokyo, Japan, 107-8414 | www.komatsu.jp |
| Hitachi Construction Machinery Co Ltd | View profile | 27,697 | 16-1, Higashiueno 2-chome, Taito-ku, Tokyo, Japan, 110-0015 | www.hitachicm.com |
| CNH Industrial NV | View profile | 40,496 | Cranes Farm Road, Basildon, Essex, London, United Kingdom, SS14 3AD | www.cnhindustrial.com |
| Liebherr Group | View profile | 10001+ | Biberach An Der Riß, Baden-Wurttemberg, Germany, Europe | www.liebherr.com |
| Doosan Corporation Electro-Materials | View profile | - | Seoul, Seoul-t'ukpyolsi, South Korea, Asia | www.doosanelectronics.com/ |
| JCB | View profile | 10001+ | Rocester, Hampshire, United Kingdom, Europe | www.jcb.com |
| Hydrema Group | View profile | 501-1000 | Støvring, Nordjylland, Denmark, Europe | www.hydrema.com |
| Sany | View profile | 10001+ | Changping, Beijing, China, Asia | www.sanyhi.com |
| Volvo Construction Equipment | View profile | 10001+ | Göteborg, Vastra Gotaland, Sweden, Europe | www.volvoce.com |
Middle East & Africa Electric Earthmoving Equipment Market Outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to Electric Earthmoving Equipment Market Outlook will help companies and investors design strategic landscapes.
Up To 250 Hp was the largest segment with a revenue share of 56.95% in 2023.
Horizon Databook has segmented the Middle East & Africa electric earthmoving equipment market based on up to 250 hp, more than 500 hp, 250-500 hp covering the revenue growth of each sub-segment from 2018 to 2030.
- Middle East & Africa Electric Earthmoving Equipment Market Engine Capacity Outlook (Revenue, USD Million , 2018-2030)
- Up to 250 HP
- 250-500 HP
- More than 500 HP
- Middle East & Africa Electric Earthmoving Equipment Market Drive Type Outlook (Revenue, USD Million , 2018-2030)
- Electric
- ICE
- Middle East & Africa Electric Earthmoving Equipment Market Product Outlook (Revenue, USD Million , 2018-2030)
- Dozer
- Excavator
- Loader
- Motor Grader
- Dump Truck
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Horizon Databook provides a detailed overview of continent-level data and insights on the Middle East & Africa Electric Earthmoving Equipment Market Outlook, including forecasts for subscribers. This continent databook contains high-level insights into Middle East & Africa Electric Earthmoving Equipment Market Outlook from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Middle East Africa Electric Earthmoving Equipment Market, 2018-2030 (US$M)
MEA electric earthmoving equipment market statistics, by engine capacity, 2018-2030 (US$M)
