Latest news with #KEZAD
Yahoo
5 days ago
- Business
- Yahoo
UAE Construction Equipment Market Report and Company Analysis 2025-2030, Featuring Caterpillar, Komatsu, Volvo Construction Equipment, Hitachi Construction Machinery, Liebherr, SANY, XCMG, JCB, & More
The UAE construction equipment market is poised for significant growth, with a projected CAGR of 5.78% from 2024 to 2030. Earthmoving equipment leads the market, driven by the nation's infrastructure investments. Notably, the demand for material handling equipment is on the rise due to port expansion and warehouse development. In 2025, the launch of Metal Park's Storage Hub in KEZAD is set to drive forklift demand. The push towards electric construction equipment, modular construction, and increased public infrastructure investment are key trends shaping the market. However, challenges such as skilled labor shortages and rising construction costs remain. Prominent players include Caterpillar, Komatsu, and Volvo CE. UAE Construction Equipment Market Dublin, July 15, 2025 (GLOBE NEWSWIRE) -- The "UAE Construction Equipment Market - Strategic Assessment & Forecast 2025-2030" report has been added to UAE construction equipment market is expected to grow at a CAGR of 5.78% from 2024 to 2030. Caterpillar, Liebherr, Komatsu, Volvo CE, Hitachi Construction Machinery, SANY, and XCMG are the front runners in the UAE construction equipment market. These companies have a strong market share and offer diverse sets of equipment in the market. Terex, Tadano, Manitou, Kato Works, Bomag, and Toyota Material Handling are niche players in the UAE construction equipment market. These companies offer low product diversification and have a strong presence in the country's market. JCB, Kobelco, Develon, HD Hyundai Construction Equipment, LiuGong, CNH Industrial N.V., Bobcat, and Zoomlion are emerging in the UAE construction equipment market. These companies are introducing new technologically advanced products to challenge the share of leaders in the country's market. AUSA, JLG, Manitowoc, Ammann, and Wacker Neuson have low product diversification in the UAE construction equipment market; these companies are lagging in adopting new technologies used in construction equipment. KEY HIGHLIGHTS Earthmoving equipment accounted for the largest market share in the UAE construction equipment market in 2024. Excavators in the earthmoving segment accounted for the largest share in 2024. The country's investment in renovating its public infrastructure drives the growth of the UAE earthmoving market. On the other hand, demand for material handling equipment is also growing due to the rising number of port expansion projects and the development of warehouses and logistics parks across the country. In March 2025, Khalifa Economic Zones Abu Dhabi - KEZAD Group and Metal Park announced the launch of the first phase of Metal Park's Storage Hub in KEZAD. This logistics hub is expected to drive the demand for forklifts over the forecast period. In 2024, the earthmoving segment accounted for a significant share of the UAE construction equipment market and is growing at a CAGR of 6.04% by volume during the forecast period. The road construction equipment segment is estimated to reach USD 135.0 million by value by 2030. Road roller sales are high in the UAE in response to the rising renovation and expansion of public transit and airports. For example, the USD 4.3 billion Main Roads Development Plan (2024-2027) plan includes 22 projects that will expand Dubai's road network and improve infrastructure to benefit over 6 million residents. Notable projects include the development of Latifa bint Hamdan Street and Meydan Road. Construction equipment utilization in the construction industry by end-user (volume) has the largest market share in 2024. The residential sector of the UAE witnessed substantial growth in 2024, driven by government-backed initiatives and robust demand. For example, the Sheikh Zayed Housing program, announced in February 2025, aims to provide housing to citizens in the country; this is fueling industry growth. The hospitality industry is another major factor driving the construction equipment market in the UAE. Therefore, growth in the tourism sector is propelling the construction of several hotels across the country. More than 11,300 new hotel rooms are set to open across Dubai by 2027, with almost 4,620 being launched in 2025. MARKET TRENDS & DRIVERS Increased Demand for the Electric Construction Equipment Construction equipment manufacturers are making continuous investments in launching battery-powered construction equipment in the Middle East. In line with initiatives like the UAE's National Building Regulations and We the UAE 2031, construction contractors are actively seeking alternatives to conventional diesel-powered machinery. In 2024, Volvo CE launched the L120 Electric, which is a fully electric wheel loader in the Middle East. Volvo CE tested the machine thoroughly in partnership with its authorized dealer, Al Futtaim Auto & Machinery Company (Famco). Growth In Modular Construction is Driving the UAE Construction Equipment Market Modular construction generates low waste, reduces energy consumption, and aligns with green building regulations such as the UAE Net Zero by 2050 initiative. Modular construction has played a significant role in several major projects across the UAE, demonstrating its efficiency, flexibility, and sustainability. At Expo 2020 Dubai, modular methods were used to construct pavilions and support facilities, allowing the event to meet strict timelines and environmental targets. Increasing Investment in Public Infrastructure Development In March 2025, the UAE revealed plans to increase its foreign direct investments to USD 65.35 billion a year by 2031. This initiative is a part of the UAE's recently approved National Investment Strategy 2031, which aims to expand the country's total FDI stock from USD 217.8 billion to USD 660 billion over the coming years, with a focus on the country's infrastructure. In the UAE, the demand for quality healthcare and education is expected to accelerate in 2025. In June 2025, the UAE federal government allocated over USD 7.4 billion to upgrade infrastructure, its most ambitious investment to date, driven by 4% annual population growth and rising global investor interest. Increased Investment in the Housing Sector In the first quarter of 2025, approximately 95 new projects were launched, which are expected to bring nearly 28,600 residential units to the market. Dubai's housing supply is expected to experience substantial growth, with nearly 300,000 units projected to enter the market by 2028. Furthermore, the demand for residential properties is on the rise in Abu Dhabi, with an estimated 38,700 new units by 2028. Approximately 10,800 new units are due to be delivered in 2025, with another 6,000 units in 2026. By the end of 2028, Abu Dhabi's total residential inventory will be around 313,700 units. Such growth in the number of projects is projected to support the UAE construction equipment market growth. INDUSTRY RESTRAINTS Skilled Labor Shortage & Increasing Construction Costs The sudden spike in building material prices in 2025, fueled by supply chain disruptions and inflation, has imposed fiscal strain on developers, compelling them to revisit project budgets and timelines, and is projected to hamper the UAE construction equipment market. Additionally, UAE building material suppliers and concrete producers demand payment in full at the beginning of the project's construction, thereby erasing the earlier 120-150-day credit period. This change has pushed developers to make purchases at elevated rates, thereby increasing the total construction cost. Moreover, labor shortages in the UAE's construction industry have been an ongoing issue, particularly due to the limited availability of skilled workers. Regulatory Compliance Challenges The country constantly updates its laws for the construction industry. Therefore, the sustainability standards (Estidama and Dubai Green Building Regulations) as well as labor laws can be quite challenging for the developers and construction companies, keeping up with the new building codes. Another challenge is the complex approval process that leads to project delays. The UAE government is planning on digitalizing compliance procedures; this may further act as a hurdle for developers across the Emirates (Dubai, Abu Dhabi, and Sharjah) as well as hamper the progress of the building industry. UAE CONSTRUCTION EQUIPMENT MARKET VENDOR LANDSCAPE Key Vendors Caterpillar Komatsu Volvo Construction Equipment Hitachi Construction Machinery Liebherr SANY Xuzhou Construction Machinery Group Co., Ltd. (XCMG) JCB Kobelco Zoomlion Heavy Industry Science & Technology Co., Ltd. Other Prominent Vendors Bobcat CNH Industrial HD Hyundai Construction Equipment Liugong Machinery Co., Ltd. DEVELON Tadano Ltd. Terex Corporation Manitou BOMAG GmbH KATO Works Co. Ltd. AUSA Wacker Neuson SE JLG Industries Toyota Material Handling The Manitowoc Company, Inc. AMMANN Distributor Profiles Abdulla Saeedi General Trading LLC Kanoo Machinery Al-Futtaim Auto & Machinery Company (FAMCO) M.H. Al Mahroos Al Marwan Heavy Machinery Galadari Trucks & Heavy Equipments KEY QUESTIONS ANSWERED: How big is the UAE construction equipment market? What is the growth rate of the UAE construction equipment market? Which are the major distributor companies in the UAE construction equipment market? Who are the key players in the UAE construction equipment market? What are the trends in the UAE construction equipment market? Key Attributes: Report Attribute Details No. of Pages 158 Forecast Period 2024 - 2030 Estimated Market Value in 2024 21552 Units Forecasted Market Value by 2030 30193 Units Compound Annual Growth Rate 5.7% Regions Covered United Arab Emirates Key Topics Covered: Market at a Glance Market Overview Market Snapshot Market Landscape PESTEL Analysis Economic Scenario Tariff Impact Key Projects Market Dynamics Geographic Analysis Import & Export Trend Analysis Supply Chain Analysis Segmentation By Equipment Type Equipment Definition (Earthmoving) Earthmoving Equipment (Volume & Value) Excavators Backhoe Loaders Wheeled Loaders Other Earthmoving Equipment (Skid-Steer Loaders, Track Loaders, Bulldozers, & Trenchers) Equipment Definition (Road Construction) Road Construction (Volume & Value) Road Rollers Asphalt Pavers Equipment Definition (Material Handling) Material Handling (Volume & Value) Cranes Forklifts & Telehandlers Aerial Platforms Equipment Definition (Other Equipment) By End-users End-user Definition Construction Manufacturing Mining Others (Waste Management, Agriculture, Oil & Gas Extraction, Utilities & Energy, Power Generation, Disaster Management and Water Management) Technology DevelopmentCompetitive Landscape Prominent Vendors Other Prominent Vendors Distributor Profiles For more information about this report visit About is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends. Attachment UAE Construction Equipment Market CONTACT: CONTACT: Laura Wood,Senior Press Manager press@ For E.S.T Office Hours Call 1-917-300-0470 For U.S./ CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data


Zawya
30-06-2025
- Automotive
- Zawya
SINGAUTO to establish $27.23mln smart logistics facility in KEZAD
Khalifa Economic Zones Abu Dhabi – KEZAD Group and SINGAUTO, a Singapore-based tech innovator, have announced the signing of a 50-year land lease agreement to establish a state-of-the-art facility in KEZAD Area A (KEZAD Al Ma'mourah). SINGAUTO has committed AED100 million in investments to build a 100,000 square metre advanced facility focused on the development of green logistics solutions. The new site will integrate SINGAUTO's latest smart technologies to manufacture intelligent refrigerated vehicles, designed to enhance the efficiency and sustainability of cold-chain logistics across the region. The facility will launch operations with an expert team of over 100 professionals, each with more than 15 years of industry experience, ensuring the delivery of services aligned with top-tier international standards. Abdullah Al Hameli, CEO, Economic Cities and Free Zones, said, 'We welcome SINGAUTO to KEZAD's thriving industrial ecosystem for sustainable automotive businesses. Their presence supports our goal to add value to the region's logistics and automotive sectors, while driving green innovation that benefits all stakeholders. 'The automotive sector is a strategic priority for us, especially in alignment with our strong commitment to sustainability. KEZAD Group and SINGAUTO share a unified vision to accelerate the future of green mobility. With SINGAUTO's cutting-edge solutions improving cold-chain logistics, this project represents a significant step toward strengthening our sustainable transport capabilities and reinforcing KEZAD's role in shaping a resilient, future-ready supply chain.' Chen Xuefeng, CEO, SINGAUTO said, 'We are confident that operating within KEZAD's integrated automotive ecosystem will provide us with the ideal foundation for scaling our business and meeting the region's demand for eco-friendly, high-efficiency logistics. We look forward to leveraging KEZAD's specialised support to produce smart, sustainable commercial vehicles tailored to the needs of the regional cold-chain sector.' This initiative is part of KEZAD Group's broader vision to develop a fully integrated automotive hub, offering modern infrastructure, advanced logistics support, and a business-friendly environment that drives innovation and growth. The partnership with SINGAUTO marks a significant milestone in KEZAD's mission to become the global hub of excellence for automotive and logistics industries.


Zawya
26-06-2025
- Business
- Zawya
KEZAD, StockSpace, Axione Development to establish $14mln warehouse
ABU DHABI - Khalifa Economic Zones Abu Dhabi – KEZAD Group has announced the signing of a 50-year land lease agreement with Grade A warehouse operator StockSpace and project master developer Axione Development to establish a state-of-the-art Grade A warehouse facility in KEZAD Area A (KEZAD Al Ma'mourah). StockSpace has invested AED50 million to set up its 14,200 square metre facility that will significantly contribute to the growth of F&B and FMCG industries in the region by providing prime quality warehousing space and operations. The company's operations are set to create around 100 new jobs at the facility in KEZAD. Mansoor Al Marar, Vice President of Industrial Business Development at KEZAD Group, said, 'As a key enabler of Abu Dhabi's Industrial Mission, we provide an innovative environment in KEZAD to boost local manufacturing, enable world-class logistics setup for efficient distribution operations, and develop ancillary industries to facilitate growth.' He added, 'We will continue to deliver world-class industrial ecosystems that create market opportunities for the F&B sector. Our partnership with StockSpace is a significant step in this direction – to build capacity and improve the economic landscape for the industry in KEZAD.'


Zawya
25-06-2025
- Automotive
- Zawya
Witthal Gulf Industries to set up $10.9mln plant in KEZAD
Khalifa Economic Zones Abu Dhabi (KEZAD Group) and Witthal Gulf Industries have announced the signing of a 50-year land lease agreement for the establishment of a state-of-the-art plant in Taweelah, KEZAD. Witthal Gulf Industries will invest AED 40 million for the project that will establish the UAE's first lithium battery recycling plant in KEZAD. As both KEZAD Group and Witthal Gulf Industries envision a sustainable future for industrial development, the collaboration is slated to create a robust infrastructure for responsible recycling of lithium batteries. The plant will leverage cutting-edge technology for recycling end-of-phase batteries used in manufacturing industries, particularly electric vehicles, solar farms and other renewable energy systems to recover valuable materials such as black mass, copper and aluminium, and produce sustainable alternatives. Witthal Gulf Industries is part of Singapore-based Witthal Group and has a significant presence across the Middle East, Asia, and West Africa. The company stands at the forefront of the global commodities market, ethically sourcing and trading essential materials such as rubber, tyres, minerals, and lithium ore to fuel sustainable industrial growth and strengthen critical global supply chains. Abdullah Al Hameli, CEO, Economic Cities and Free Zones, AD Ports Group, said: 'Both KEZAD Group and Witthal Gulf Industries are driven by the same vision for sustainability. The partnership is based on a solid foundation that will provide the platform for innovation, and focus on technological advancements that contribute to sustainable industry growth in KEZAD. KEZAD Group is excited to facilitate and support a project that offers sustainable solutions for industry waste, and aligns with the UAE's net zero goals.' Suresh Kumar Nalappa (Vijayendra), CEO, Witthal Gulf Industries, said: 'Witthal Gulf Industries is excited to start its journey in KEZAD. We are thrilled to be part of an ecosystem that only provides the best resources but also encourages collaboration and innovation. We are confident that with our shared goals for sustainability, we will continue to push boundaries, address market demands responsibly, and ignite a new era of growth for both parties.' By addressing the critical need for responsible battery disposal, this initiative by Witthal Gulf Industries will contribute to the development of a circular economy. The recycling project will ensure the efficient reuse of resources, and minimise environmental impact by reducing energy consumption and greenhouse gas emissions.


Gulf Business
11-06-2025
- Business
- Gulf Business
KEZAD Group announces new business district along E11 corridor
Image: Supplied Positioned at the gateway of the E11 highway corridor that connects the capital with the northern emirates, KBD is a flagship component of the 410 square kilometre KEZAD Al Ma'mourah master development. Spanning an initial footprint of 3 square kilometres, KBD will be developed in phases, with infrastructure work currently underway. The first phase will include the construction of a 21,000 square metre office tower, alongside sports facilities and F&B retail outlets. These amenities will be adjacent to KEZAD One, the group's headquarters. KEZAD Business District: Strategic location Strategically located along the high-traffic Abu Dhabi-Dubai corridor, KEZAD Business District offers direct access to key logistics and business infrastructure across the UAE. It is just 15 minutes from Khalifa Port, 25 minutes from Zayed International Airport, and less than 30 minutes from Jebel Ali Port and Al Maktoum International Airport. The area also benefits from proximity to Etihad Rail and two major highways, offering seamless multimodal connectivity. 'The ambition and inventiveness that we have applied to developing and operating one of the world's most integrated, thriving and largest industrial ecosystems is the same one that we will employ to deliver a next-generation business district,' said Abdullah Al Hameli, CEO, Economic Cities and Free Zones, AD Ports Group. 'KEZAD Business District continues KEZAD Group's investment in Abu Dhabi's polycentric urban expansion, with KEZAD Al Ma'mourah seen as a critical economic centre in the nation's future-forward growth strategies.' Mixed-use commercial hub KBD is being developed as a mixed-use commercial hub, designed to promote collaboration between academia, industry and the private sector. It is situated near three strategic developments: the 70,000 square metre twofour54 media production campus the 3.3 square kilometre Abu Dhabi Food Hub the 3.3 square kilometre Global Auto Hub The latter two are being developed by KEZAD Group in partnership with the private sector, as part of Abu Dhabi's broader push to attract diversified investment. The district is expected to serve as a secondary business hub within the emirate, offering facilities for regional headquarters, R&D centres, training institutions, and professional services. With a mix of office, retail, hospitality, education, residential, and leisure spaces, the development aims to attract frontier businesses and emerge as a central pillar in KEZAD's advanced manufacturing and economic ecosystem. 'KEZAD Business District will offer development opportunities and catalyse new investments in the wider KEZAD Al Ma'mourah masterplan,' Al Hameli added. 'We are proud to attract new, frontier businesses and commercial activities that will propel our nation's economy into the future.' The launch of KBD reinforces Abu Dhabi's ongoing transformation into a multi-nodal economic powerhouse, offering future-ready infrastructure and attractive investment propositions to global and regional players alike. Read: