Middle East & Africa Equipment As A Service Market Size & Outlook
Global Market
Related Markets
MEA equipment as a service market highlights
- The MEA equipment as a service market generated a revenue of USD 51.4 million in 2023.
- The market is expected to grow at a CAGR of 42.9% from 2024 to 2030.
- In terms of segment, cnc machines was the largest revenue generating equipment in 2023.
- CNC machines is the most lucrative equipment segment registering the fastest growth during the forecast period.
- Country-wise, Saudi Arabia is expected to register the highest CAGR from 2024 to 2030.
MEA data book summary
| Market revenue in 2023 | USD 51.4 million |
| Market revenue in 2030 | USD 850.0 million |
| Growth rate | 42.9% (CAGR from 2024 to 2030) |
| Largest segment | Cnc machines |
| Fastest growing segment | CNC machines |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Air Compressor, Pump, Power Tools, Ground Power Units, Laser cutting machines, Printing Machines, CNC machines, Material handling system, Packaging Machine, Excavators, Cranes, Turning and milling machines |
| Key market players worldwide | Atlas Copco AB ADR, Heidelberger Druckmaschinen AG, Desktop Metal Inc Ordinary Shares - Class A, Siemens AG, Dmg Mori Co Ltd, Hilti Group, Metso Corp, TRUMPF, Kaeser Kompressoren, SMS Group, Arnold Machine Inc., Uteco Converting, Volvo AB Class B, Maschinenfabrik HEID, Sk Laser, Tamturbo |
Other key industry trends
- In terms of revenue, MEA region accounted for 3.4% of the global equipment as a service market in 2023.
- Globally, North America 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 6,979.1 million by 2030.
The Middle East and Africa has an abundant presence of natural resources, which include a diverse range of valuable assets. The region has rich reservoirs of oil and natural gas and vast mineral deposits, including precious metals and strategic minerals.
The improvement in the production facilities and advancement of technology can enable the region to take advantage of its resources and foster economic growth, which can be facilitated by the adoption of EaaS.
For instance, in April 2018, a multinational company, Siemens, announced its expansion in the Middle East with a three-year investment plan of approximately USD 500 million in the digital sphere of the region.
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Equipment As A Service Market Scope
Equipment As A Service Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Siemens AG | View profile | 321,000 | Werner-von-Siemens-Strabe 1, Munich, BY, Germany, 80333 | www.siemens.com |
| Hilti Group | View profile | 10001+ | Schaan, Schaan, Liechtenstein, Europe | www.hilti.group/content/hilti/CP/XX/en.html |
| Atlas Copco AB ADR | View profile | 53,728 | Sickla Industrivag 19, Nacka, Stockholm, Sweden, SE-105 23 | www.atlascopcogroup.com |
| Heidelberger Druckmaschinen AG | View profile | 9,565 | Kurfursten-Anlage 52-60, Heidelberg, BW, Germany, 69115 | www.heidelberg.com |
| Metso Corp | View profile | 17,121 | Rauhalanpuisto 9, Helsinki, Finland, 02330 | www.metso.com |
| Desktop Metal Inc Ordinary Shares - Class A | View profile | 950 | 63 3rd Avenue, Burlington, MA, United States, 01803 | www.desktopmetal.com |
| Dmg Mori Co Ltd | View profile | 13,484 | 2-35-16 Meieki, Nakamura-ku, Aichi, Nagoya City, Japan, 450-0002 | www.dmgmori.co.jp |
| TRUMPF | View profile | 1001-5000 | Ditzingen, Baden-Wurttemberg, Germany, Europe | www.trumpf.com/de_DE/ |
| Kaeser Kompressoren | View profile | 5001-10000 | Coburg, Bayern, Germany, Europe | www.kaeser.com/ |
| SMS Group | View profile | 10001+ | Düsseldorf, Nordrhein-Westfalen, Germany, Europe | www.sms-group.com/ |
Middle East & Africa Equipment As A Service 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 Equipment As A Service Market Outlook will help companies and investors design strategic landscapes.
Cnc Machines was the largest segment with a revenue share of 29.96% in 2023.
Horizon Databook has segmented the Middle East & Africa equipment as a service market based on air compressor, pump, power tools, ground power units, laser cutting machines, printing machines, cnc machines, material handling system, packaging machine, excavators, cranes, turning and milling machines covering the revenue growth of each sub-segment from 2018 to 2030.
The Middle East and Africa has an abundant presence of natural resources, which include a diverse range of valuable assets. The region has rich reservoirs of oil and natural gas and vast mineral deposits, including precious metals and strategic minerals.
The improvement in the production facilities and advancement of technology can enable the region to take advantage of its resources and foster economic growth, which can be facilitated by the adoption of EaaS.
For instance, in April 2018, a multinational company, Siemens, announced its expansion in the Middle East with a three-year investment plan of approximately USD 500 million in the digital sphere of the region.
- Middle East & Africa Equipment As A Service Market Equipment Outlook (Revenue, USD Million , 2018-2030)
- Air Compressor
- Pump
- Power Tools
- Ground Power Units
- laser cutting machines
- Printing Machines
- CNC machines
- Material handling system
- Packaging Machine
- Excavators
- Cranes
- Turning and milling machines
- Middle East & Africa Equipment As A Service Market End-use Outlook (Revenue, USD Million , 2018-2030)
- Construction
- Material Handling
- Mining
- Manufactruing
- Packaging
- Middle East & Africa Equipment As A Service Market Financing Models Outlook (Revenue, USD Million , 2018-2030)
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Horizon Databook provides a detailed overview of continent-level data and insights on the Middle East & Africa Equipment As A Service Market Outlook, including forecasts for subscribers. This continent databook contains high-level insights into Middle East & Africa Equipment As A Service Market Outlook from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Middle East Africa Equipment As A Service Market, 2018-2030 (US$M)
MEA equipment as a service market statistics, by equipment, 2018-2030 (US$M)
