Ethiopia and Djibouti Heavy Equipment Market 2019: Projected to reach $496.1 million in 2026, growing at a CAGR of 5.6%
Download Sample Report: https://www.alliedmarketresearch.com/request-sample/5331?utm_source=OpenPR&utm_medium=Vivek
Heavy equipment machines are used for activities involved in earthworks such as excavation, heavy lifting, tunneling, and material handling. The market is mainly driven by residential & commercial growth and a rise in the economy. However, higher carbon emission and increase in oil prices are some factors that limit the growth of Ethiopia and Djibouti heavy equipment market.
Development in technology, such as the use of telematics and internet of things (IoT) in heavy equipment by key players such as Volvo CE and others, is one of the major factors that drive the market. Currently, prominent players lead the heavy equipment market with their extensive distribution network and advanced product portfolio, which is a major compelling factor for market growth. Further, key players through their distribution network are focused on introducing innovative, high performance, reliable, and advanced heavy equipment in the market. For example, mini excavator SK55SRX by Kobelco offers high performance and silent operation. Moreover, the rise in the public-private partnerships in the region is anticipated to fuel the growth of Ethiopia and Djibouti heavy equipment industry.
The growth in the demand for infrastructure development largely drives the market. The heavy equipment market is experiencing continuous growth along with the rise in demand for industrial, residential, and commercial infrastructure setup. In emerging economies such as Ethiopia and Djibouti, infrastructural development has created the need for heavy equipment and positively influenced the market. The development of urban infrastructure such as housing, sanitation & water supply, road transport system, and mass rail-transit systems, has gained significant attention in the region. The Ethiopia-Djibouti water pipeline project was launched in 2017. This project was financed by the Export-Import Bank of China and the construction was done by a construction company in China named CGC Overseas Construction Co Ltd. (CGCOC).
Based on machinery type, the earth moving machinery segment is expected to account for the largest share in the market during the forecast period. This is attributed to increased demand from various industries such as construction, manufacturing, oil & gas, and mining & forestry. Based on the function, the excavating segment is expected to account for the maximum share during the forecast period. Based on the business type, the market is divided into original equipment and aftermarket. By end-user industry, the market is categorized into construction, mining, agriculture, energy, transportation, and others. The construction segment is expected to dominate the market throughout the study period owing to improved involvement in the private sector, development in the real estate sector, enhanced economic conditions, and set-up of residential & non-residential infrastructure in Djibouti and Ethiopia.
Enquire For Discount: https://www.alliedmarketresearch.com/purchase-enquiry/5331?utm_source=OpenPR&utm_medium=Vivek
Key Findings of The Ethiopia And Djibouti Heavy Equipment Market:
• On the basis of machinery type, the earthmoving machinery held the largest market share in 2018.
• Based on function, the excavating segment was the largest revenue-generating segment in 2018.
• Ethiopia accounted for over four-fifths share of the Ethiopia and Djibouti heavy equipment market in 2018 in terms of revenue.
The major players in Ethiopia and Djibouti heavy equipment market adopted product launch and product development as their key strategies to meet the change in consumer demand.
Furthermore, they launched energy-effective heavy equipment of different types and capacities to strengthen their market position. The key players profiled in this report include AB Volvo, Caterpillar Inc., Deere & Company, Doosan Infracore, Hitachi, Ltd., J C Bamford Excavators Ltd, Kobelco Construction Machinery Co., Ltd., Komatsu Ltd., SANY Group, and Xuzhou Construction Machinery Group Co., Ltd. (XCMG).
Access Full Summary @ https://www.alliedmarketresearch.com/ethiopia-and-djibouti-heavy-equipment-market
5933 NE Win Sivers Drive
#205, Portland, OR 97220
Toll Free (USA/Canada):
+1-800-792-5285, +1-503-894-6022, +1-503-446-1141
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
This release was published on openPR.
Permanent link to this press release:
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Ethiopia and Djibouti Heavy Equipment Market 2019: Projected to reach $496.1 million in 2026, growing at a CAGR of 5.6% here
News-ID: 1794365 • Views: 468
More Releases from Allied Market Research
North America Geogrid Market 2020 Segmentation, Demand, Growth, Trend, Opportuni …
According to the report published by Allied Market Research, the North America geogrid market generated $282.0 million in 2019, and is estimated to reach $408.25 million by 2027, registering a CAGR of 7.0% from 2020 to 2027. The report offers an extensive analysis of changing market dynamics, key winning strategies, business performance, major segments, and competitive scenarios. Surge in infrastructure development activities across the U.S. and Mexico and superior physical properties
Intravenous Immunoglobulin (IVIG) Market 2020 In-Depth Analysis of Industry Shar …
Global intravenous immunoglobulin market accounted for $8,995 million in 2017, and is projected to reach $15,964 million by 2025, registering a CAGR of 7.5% from 2018 to 2025. Immunoglobulin (Ig) is a plasma-derived product, which is obtained from the serum of healthy donors. The isolated plasma product is clinically treated and purified to Ig, which can be further used in the treatment of patients with antibody deficiency. Intravenous immunoglobulin (IVIG) finds
Asthma and COPD Drugs Market Is Expected to Witness a Steady Growth by 2026
"Asthma and COPD Drugs Market by Disease and Medication Class - Global Opportunity Analysis and Industry Forecasts, 2014-2022", projects that the global market for Asthma and COPD Drugs was valued at $38,960 million in 2015 and would reach $50,359 million by 2022, registering a CAGR of 3.7% from 2016 to 2022. Asthma segment dominated the market in 2015 and expected to continue its dominance throughout the forecast period. North America
Synthetic Biology Market in Global Industry by Top Companies, Type and Applicati …
Global Synthetic biology market is forecast to reach $38.7 billion by 2020, at a CAGR of 44.2% during the forecast period (2014 - 2020). Europe occupies largest share in the global market and would hold-on to its position throughout 2020. However, Asia Pacific is the fastest growing market with a CAGR of 46.4% from 2014 - 2020. Read Full Report @ https://www.alliedmarketresearch.com/synthetic-biology-market Synthetic biology is at a nascent stage and has recently
More Releases for Ethiopia
Ethiopia - A New Dawn
ITL Intelligent Label Solutions recently announced the opening of their latest garment label factory in Hawassa, Ethiopia. The site is the latest in a series of new wholly owned factories being set up by the ITL Group as a key component of its long term growth strategy. Ethiopia is seen as one of the most exciting prospects for the set-up of garment manufacturing and sourcing as it has duty free access
chemical industry in Ethiopia aims big
In a recent event, a perfect conclusion has been reorganized for managing the developments of industries, further in Ethiopia. Ordinarily, the program happened at the origin of Addis Ababa as quoted by the Construction Inputs and Industry Development Institute. United Nations Industrial Development is the key funding department for the roadmap. Further, the director of the Institute has outlawed a roadmap of approximately 400000 US dollars which has been granted solely from
Ethiopia Air Conditioner Market (2018-2024)-6Wresearch
Air Conditioner Market in Ethiopia to Shoot-up Amidst the Bullish Investor Sentiments and Assortment of Infrastructural Projects – 6Wresearch Massive investment flow and incentivized support to local and foreign investors led to a massive growth in Ethiopian air conditioner market in 2016. Ethiopia attracted $3.8 billion in foreign direct investment in the Ethiopian Fiscal Year (EFY) 2016/17, registering a 20% increase from EFY 2015/16. In the 2016/17 fiscal year, 381 projects
Research details developments in the Cigarettes in Ethiopia, 2017
"The Report Cigarettes in Ethiopia, 2017 provides information on pricing, market analysis, shares, forecast, and company profiles for key industry participants. - MarketResearchReports.biz" "Cigarettes in Ethiopia, 2017" is an analytical report by Globaldata that provides extensive and highly detailed current and future market trends in the market. The report offers Market size and structure of the overall and per capita consumption based upon a unique combination of industry research, fieldwork,
ETHIOPIA - ICT / TELECOMS SECTOR ANALYSIS
ReportsWorldwide has announced the addition of a new report title ETHIOPIA - ICT / TELECOMS 2016 to its growing collection of premium market research reports. Ethiopia’s ICT and Telecommunications Report provides a comprehensive industry profile, analysis and outlook of the sector. The report provides a SWOT analysis, full overview of the ICT and telecommunications sector and its segments with a focus on the sector’s growth and value. It analyses the country’s fixed
Ethiopia, the untapped mobile market
Ethiopia, one of the most populated countries in Africa with nearly 80 million inhabitants is one of the least penetrated mobile markets as less than one Ethiopian out of ten has access to mobile communications services according to Dataxis intelligence latest market analysis. The country which was home to an estimated 6.4 million mobile users at the end of 2009 is a monopoly market operated by state-run incumbent telco