The MEA rough terrain cranes market size stood at US$ 302.0 Million as of now and is expected to reach US$ 641.9 Million by the year 2032 at a CAGR of 7.3% from 2022 to 2032.
The Middle East and Africa Rough Terrain Cranes Market is witnessing significant growth propelled by several factors, including increasing construction and infrastructure development activities, rapid urbanization, and government investments in mega projects across the region. Rough terrain cranes are specialized lifting equipment designed to operate in rugged and off-road terrain, making them ideal for construction projects in remote or challenging locations.
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One of the primary drivers of this market is the booming construction industry in the Middle East and Africa region. Growing urbanization, population expansion, and investments in infrastructure projects such as airports, roads, bridges, and commercial buildings are driving the demand for rough terrain cranes for lifting heavy materials and equipment.
Moreover, the discovery of oil and gas reserves in various countries in the region has led to significant investments in energy infrastructure projects, including refineries, petrochemical plants, and power plants, further boosting the demand for rough terrain cranes for lifting and installation tasks.
Furthermore, government initiatives aimed at diversifying the economy and reducing dependence on oil revenue are driving investments in sectors such as tourism, hospitality, and manufacturing, leading to additional demand for construction equipment, including rough terrain cranes.
Key Takeaways from the MEA Rough Terrain Cranes Market
- 50.1 – 75 tons rough terrain cranes are holding the largest market share. They account for more than 30% of the overall market revenue. This could be attributed to growing demand for lifting operations along with the versatility with respect to performing off-road and on-road construction projects.
- GCC countries account for close to 60% of the overall market share. Turkey and South Africa follow suit.
“With urbanization increasing at an alarming rate, the demand for rough terrain cranes is bound to substantiate in the forecast period”, says an analyst from Future Market Insights.
Competitive Arena
- The Manitowoc Company, Inc., in February 2020, came up with Grove GRT8120 rough terrain crane.
- TADANO, in February 2019, completed acquisition of Demag mobile crane business from Terex Corporation for close to US$ 215 Mn.
- Liebherr, in February 2019, signed a contract with AI Faris Equipment Rentals. It implied delivering 12 cranes from novel LRT rough terrain cranes series worth close to US$ 25.8 Mn.
- XCMG, in July 2020, did launch 750 tons XCA750 eight axle all-terrain crane, which has a 7-section, 92-meter main boom, topped by heavy-duty hydraulically erected wind turbine extension. Its purpose is to undertake maintenance and repairs of wind turbine.
- Johnson Arabia, in May 2020, inducted 10 novel Grove rough terrain cranes into the fleet for targeting lifting projects in oil & gas sector.
- Thunder Cranes, in September 2022, announced reopening the operations in Middle East with new-fangled base in the UAE.
- Dubai Cranes & Technical Services LLC, in December 2020, tabled 8 novel models of the wire rope hoists that range from 3.2 to 40 tons.
- Liebherr, in July 2022, announced launching H2 direct injection for the heavy-duty combustion engines as it’s conducive to heavy applications.
- Terex Corporation has inked an agreement with Galadari Heavy Equipment Division to distribute rough terrain cranes all over the Middle East.
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Key Segments Covered in MEA Rough Terrain Cranes Market Analysis
By Lifting Capacity:
- Upto 25 Tons
- 25.1 to 50 Tons
- 50.1-75 Tons
- 75.1-100 Tons
- More than 100 Tons
By Boom Length:
- Upto 25 Meters
- 25.1-35 Meters
- 35.1-50 Meters
- More than 50 Meters
By Sales Channel:
- New Sales
- Equipment Rental
By Country:
- GCC Countries
- Israel
- Turkey
- South Africa
- Northern Africa
- Rest of the Middle East and Africa
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer, Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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