Qatar Earthmoving Equipment Market Forecast 2021 - brochure

Qatar Earthmoving Equipment Market Forecast & Opportunities , 2021

M a r k e t I n t e l l i g e n c e . C o n s u l t i n g

T a b l e o f C o n t e n t s

S. No. Contents

1. Product Overview

2. Research Methodology

3. Analyst View

4. Qatar Earth Moving Equipment Market Outlook

4.1. Market Size & Forecast

4.1.1. By Value & Volume

4.2. Market Share & Forecast

4.2.1. By Equipment Type (Bulldozer, Wheel Loader, Excavator and Motor Grader)

4.2.3. By Company

4.2.4. By Region

4.3. Market Attractiveness Index (Equipment Type)

4.4. Market Attractiveness Index (Region)

5. Qatar Excavator Market Outlook




5.2.1. By Excavator Type

5.3. Market Attractiveness Index (By Excavator Type)

6. Qatar Loader Market Outlook



2


S. No. Contents


6.2.1. By Loader Type

6.3. Market Attractiveness Index (By Loader Type)

7. Qatar Motor Grader Market Outlook




7.1.2. By Grader Type

7.3. Market Attractiveness Index (By Motor Grader Type)

8. Qatar Bulldozer Market Outlook



9. Market Dynamics

9.1. Drivers

9.2. Challenges

10. Market Trends & Developments

10.1. Growing Rental Market

10.2. Increasing Technological Advancements

10.3. Surging Sales of Used Earthmoving Equipment

10.4. Escalating Sales of Hydraulic Excavator

10.5. Rising Demand for Skid Steer Loaders

11. Policy & Regulatory Landscape

3


S. No. Contents

12. Qatar Economic Profile

13. Competitive Landscape

13.1. Caterpillar INC.

13.2. Komatsu Middle East FZE (KME)

13.3. Hyundai Heavy Industries Co., Ltd.

13.4. Hitachi Construction Machinery Middle East Corporation FZE (HMEC)

13.5. JC Bamford Excavators Ltd.

13.6. Volvo Construction Equipment NV

13.7. CNH International SA. (Middle East)

13.8. Doosan Bobcat Inc.

13.9. Liebherr-International AG

13.10 TEREX CORPORATION

14. Strategic Recommendations

15. List of Dealers/Distributors

17. About Us & Disclaimer

4

5

P r o d u c t O v e r v i e w

Excavator

© TechSci Research

Excavators defined as “a dynamic construction machines used for below

and above ground operations, including digging trenches, sinking wells,

levelling, etc.”.

Loader

Loader defined as “a heavy equipment machine used during

construction to move or load materials, such as demolition debris, dirt,

snow, feed, raw minerals, recycled material, rock, sand, etc.”.

Motor Grader

Motor Grader defined as “a construction machine for main function to

level ground”.

Bulldozer

Bulldozer defined as “a construction machine used to push large

quantities of sand, soil, rubble, or other such material during the

construction or allied activities”.

6

P r o d u c t O v e r v i e w

Classification According to Equipment Type

Equipment Segment Sub-Segment Customer Segment

Excavator

Below 24 Ton

Logistics, Construction Companies, Construction Contractors, OTR

Renting Companies, Small Business Entrepreneurs, etc.

More than 24 Ton

Loader

Backhoe Loader

Wheel Loader

Skid Steer Loader

Motor Grader

Below 20 Ton

More than 20 Ton

Bulldozer

© TechSci Research

7

R e s e a r c h M e t h o d o l o g y

© TechSci Research

A

C

B

Primary Research

Company Analysis

Desk Research

Identifying Key Opinion

Leaders

Questionnaire Design

In-depth Interviews

Market Participants

Key Strengths

Spark plug Portfolio

OEM Tie-ups

Recent

Developments

Market Changing

Aspects/Dynamics

Government

Policies

Final Conclusion

LinkedIn TechSci Internal

database

Factiva Hoovers

Paid Sources

Company Website Company Annual

Reports White Paper Study Financial Reports Investor

Presentations Regulatory Body, Associations, etc.

Secondary Research

Primary Research

Data Collection

Data Filter& Analysis

Research &Intelligence

ActionableInsights

BusinessSolution

•In-depth secondary research was used todetermine top players in Qatar earthmovingequipment market.

Market Profiling

•In order to conduct industry experts interviews,TechSci formulated a detailed questionnaire.

Formulating Questionnaire

•List of industry players, distributors, dealers,retailers, and industry specialists wasdeveloped.

Developing list of respondents

•TechSci conducted interviews with industryexperts, industry players, for data collection andverification.

Data Collection

•Data obtained as a result of primary andsecondary research was validated throughrigorous triangulation.

Data Validation

•The data was scrutinized using MS-Excel andstatistical tools such as Time Series analysis etc.to obtain qualitative and quantitative insightsabout Qatar earthmoving equipment market.

Data Analysis

8


© TechSci Research

Baseline Methodology:

For the study, TechSci Research gathered information through primary research surveys with leading earthmovingequipment companies/dealers/distributors in Qatar, and subsequently, verified the information from prominentearthmoving equipment companies and key executives in the country. We also put through an exhaustive search ofcredible paid databases such as Factiva, Hoovers, etc., in addition to our internal database. Our team of analysts hasthen prudently evaluated all the collected information and presented the same in chronological order to depict ameaningful and clear picture of the Qatar earthmoving equipment market.

While compiling the data, we have also cross checked all the collected information from multiple sources and datawarehouses, in order to present the most accurate and precise information of the concerned industry. We useinnovative business model that focuses on accuracy, while ensuring creation of high-quality reports.

Sampling Technique:

While conducting the study, TechSci followed stratified random sampling technique to shortlist Key Opinion Leaders(KOLs) in various earthmoving equipment companies in Qatar. KOLs based out of prominent earthmoving equipmentcompanies in Qatar were interviewed to identify the size of Qatar earthmoving equipment market.

Sample Size:

KOL No. of Respondents

Personnel in Automotive Component Companies/ Dealers/Distributors 8

Regional Sales Managers/ Country Heads and other mid to senior Management People in Automobile Companies/ Dealers/ Distributors

5

Industry Experts / Government Bodies (Import Export Department, Associations, etc.)

2

Total 15

9


© TechSci Research

Market Size Calculation Technique:

Primary Research

For preparation of Qatar earthmoving equipment market report, bottom-up model has been used, which has beenlater cross validated by using top down approach. TechSci interviewed sales managers/ country heads and othermid-to-senior management executives of earthmoving equipment companies using Delphi technique for calculatingthe market size of Qatar earthmoving equipment market. Respondents were also asked about current and futuregrowth rates, market share by equipment's type as well as average selling price of various categories of theequipment in Qatar. All the information gathered was carefully analyzed. Data points which exhibited high deviationsfrom the majority estimates were eliminated as outliers and the remaining refined data points were put together toarrive at the volume data.

S. No. Company/Dealer Name

1. Arabian Supply Center wll (ASC) - Hitachi Construction Machinery

2. Mannai Corporation - JCB

3. Jaidah Motors & Trading Co. (Jaidah Motors) - Komatsu

4. Mohamed Abdulrahman Al-Bahar & Sons WLL - Caterpillar (CAT)

5. Qatar Building Company - Hyundai

10


© TechSci Research

S. No. Secondary Source

1. The Organization of the Petroleum Exporting Countries (OPEC)

2. World Bank

3. International Monetary Fund

4. Public Work Authority Qatar

5. Ministry of Development Planning and Statistics, Qatar

6. World Trade Organization (WTO)

7. Central Intelligence Agency (CIA)

8. Qatar Information Exchange

Secondary Research

We also put through an exhaustive search of credible paid databases such as Factiva, Hoovers, etc., in addition toour internal database. Further analyses of credible publications, white papers, company’s annual reports, investorpresentations, news articles, etc. were also analysed to cross validate end findings derived from primary research.

Forecasting Technique:

The team developed the report on the basis of econometric and judgemental analysis in addition to statisticaltechniques such as averaging and geometric mean. During primary research interviews, questions regardinghistorical sales trend in Qatar earthmoving equipment market were asked. Respondents were asked about thecurrent as well as the future growth rates, market share by earthmoving equipment type in Qatar. In order toforecast the Qatar earthmoving equipment market, following forecast techniques were used:

• Moving Average

• Time Series Analysis

• Econometric and Judgmental Analysis

I n d u s t r y B r i e f

11

Qatar Earthmoving Equipment Market to Grow at 5% till 2021

According to TechSci Research report, “Qatar Earthmoving Equipment Market By Type, Competition Forecast &Opportunities, 2011-2021”, earthmoving equipment market in Qatar is projected to grow at a CAGR of over 5%during 2016 – 2021, on account of booming construction and mining industries in the country. Some of the othermajor factors such as increasing expatriate population and upcoming mega sports events such as FIFA World Cup2022 and IAAF World Athletics Championship 2019, are further expected to boost demand for earthmovingequipment in Qatar over the next five years.

Qatar National Vision 2030 was officially launched in October 2008 with an objective to transform the nation into adeveloped country. Under this mission, the government has set various goals including expansion of the country’sinfrastructure. Consequently, Government of Qatar has undertaken various road projects under ExpresswayProgramme Project such as construction of Lusail Expressway, New Orbital Highway & Truck Route, Lijmiliya -Leatooriya - Al Sheehaniya Road., etc., over the last few years. Apart from all these road projects, the governmentis also planning to develop deep water sea port, new international airport, new cities, schools, hospitals andelectric substations in the country during the forecast period.

In 2015, more than 2.90 million tourists visited Qatar. According to the Qatar Tourism Authority (QTA), thegovernment is targeting on attracting 7 million visitors every year by 2030. Increasing government thrust to makeQatar a tourist hub in the Middle-East region, coupled with rising number of hotels and wellness centers due toupcoming 2022 FIFA World Cup are driving demand for earthmoving equipment in the country.

“Increasing government efforts to diversify the country’s economy into non-oil sector is favoring the constructionand housing sectors, where excavators are being widely used to execute several tasks such as digging, extracting,trenching, etc.Over the last few years, Qatar has emerged as one of the prominent markets for earthmovingequipment in the GCC region. Due to lack of domestic manufacturing of earth moving equipment in Qatar, demandfor such equipment is being catered through imports. CAT, JCB, Volvo, Hyundai and Komatsu are the top fiveplayers operating in the country’s earthmoving equipment market.” said Mr. Karan Chechi, Research Director withTechSci Research, a research based global management consulting firm.

https://www.techsciresearch.com/report/qatar-earthmoving-equipment-market-by-type-excavators-loader-motor-grader-bulldozer-competition-forecast-opportunities-2011-2021/745.html

© TechSci Research

12

Qatar Earthmoving Equipment Market Size, By Value

(USD Million), By Volume (Units), 2014-2021F

S a m p l e D a t a - S n a p s h o t

100 200 400 500 600 700 800 900300 500

900 1,100 1,300 1,500 1,700 1,900

2014 2015 2016E 2017F 2018F 2019F 2020F 2021F

Value (USD Million) Volume (Units)

Qatar Earth Moving Equipment Market Share, By Company, By

Volume, 2015-2021F

5% 5% 5% 5% 5% 5% 5%10% 10% 10% 10% 10% 10% 10%

15% 15% 15% 15% 15% 15% 15%

20% 20% 20% 20% 20% 20% 20%

25% 25% 25% 25% 25% 25% 25%

30% 30% 30% 30% 30% 30% 30%

2015 2016E 2017F 2018F 2019F 2020F 2021F

CAT JCB Volvo Hyundai Komatsu Others

Qatar Earth Moving Equipment Market Attractiveness

Index, By Region, By Volume, 2016E-2021F

-1.00%

0.00%

1.00%

2.00%

3.00%

4.00%

5.00%

6.00%

7.00%

8.00%

9.00%

-2.00 0.00 2.00 4.00 6.00 8.00 10.00

Ar Rayyan

Al Khor

Ad Dawhah (Doha)

Umm Salal

Al Daayen

Al Shamal

Al Wakrah

OPEC Crude Oil Basket Price, 2011 – 2021F (USD Per Barrel)

10 20 30 40 50 60 70 80 90 100 110

2011 2012 2013 2014 2015 2016 2017F 2018F 2019F 2020F 2021F

Qatar Loader Market Share, By Type, By Volume, 2015-2021F

10% 10% 10% 10% 10% 10% 10%

20% 20% 20% 20% 20% 20% 20%

70% 70% 70% 70% 70% 70% 70%

2015 2016E 2017F 2018F 2019F 2020F 2021F

Skid Steer Loader Wheel Loader Backhoe Loader

Qatar Excavator Market Attractiveness Index, By Equipment

Type, By Volume, 2016-2021F

0.00%

0.50%

1.00%

1.50%

2.00%

2.50%

0.00 0.50 1.00 1.50 2.00 2.50

Below 24 Tons

More than 24 Tons

Qatar Loader Market Size, By Value (USD Million), By Volume

(Units), 2014-2021F

100 200 400 500 600 700 800 900300 500

900 1,100 1,300 1,500 1,700 1,900

2014 2015 2016E 2017F 2018F 2019F 2020F 2021F

Value (USD Million) Volume (Units)

R e p o r t O r d e r i n g

To View Sample OR Purchase Report

Report Price

Report Name: Qatar Earthmoving Equipment Market Forecast &

Opportunities, 2021

License Type Price

Electronic Access - Single User License $2500

CD-ROM Mail Delivery $3000

Hard Copy Mail Delivery $3500

Electronic Access - Multi-User License $5000

13

https://www.techsciresearch.com/sample-report.aspx?cid=745

http://www.techsciresearch.com/report/united-states-radio-taxi-services-market-forecast-and-opportunities-2021/617.html

A b o u t U s & D i s c l a i m e r

14

© TechSci Research

About Us

TechSci Research is a global market research and consulting company with offices in the US, UK and India. TechSci Research provides

market research reports in a number of areas to organizations. The company uses innovative business models that focus on improved

productivity, while ensuring creation of high-quality reports. The proprietary forecasting models use various analyses of both industry-

specific and macroeconomic variables on a state-by-state basis to produce a unique ‘bottom-up’ model of a country, regional and

global industry prospects. Combined with the detailed analysis of company activity and industry trends, the result is a uniquely rich

evaluation of the opportunities available in the market.

Related Reports

Kuwait Tire Market Forecast & Opportunities, 2021

Qatar Passenger Car Aftermarket Components Market By Component, Competition Forecast and

Opportunities, 2011 – 2021

Iran Tire Market Forecast & Opportunities, 2021

Partial List of Clients

Disclaimer

The contents of this report are based on information generally available to the public from sources believed to be reliable. No representation is madethat it is timely, accurate or complete. TechSci Research has taken due care and caution in compilation of data as this has been obtained from varioussources including which it considers reliable and first hand. However, TechSci Research does not guarantee the accuracy, adequacy or completeness ofany information and it is not responsible for any errors or omissions or for the results obtained from the use of such information and especially statesthat it has no financial liability whatsoever to the subscribers / users of this report. The information herein, together with all estimates and forecasts,can change without notice. All the figures provided in this document are indicative of relative market size and are strictly for client’s internalconsumption. Usage of the same for purpose other than internal will require prior approval of TechSci Research.TechSci Research – Europe

54, Oldbrook, Bretton,

Peterborough,

United Kingdom

Email: [email protected]

www.techsciresearch.com

TechSci Research – Asia-Pacific

B – 44, Sector -57, Noida, National

Capital Region, U.P. - India

Tel: +91-120-4523900



TechSci Research – North America

708 Third Avenue, Manhattan,

New York, United States

Tel: +1- 646- 360- 1656

