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
5.1. Market Size & Forecast
5.1.1. By Value & Volume
5.2. Market Share & Forecast
5.2.1. By Excavator Type
5.3. Market Attractiveness Index (By Excavator Type)
6. Qatar Loader Market Outlook
6.1. Market Size & Forecast
6.1.1. By Value & Volume
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T a b l e o f C o n t e n t s
S. No. Contents
6.2. Market Share & Forecast
6.2.1. By Loader Type
6.3. Market Attractiveness Index (By Loader Type)
7. Qatar Motor Grader Market Outlook
7.1. Market Size & Forecast
7.1.1. By Value & Volume
7.2. Market Share & Forecast
7.1.2. By Grader Type
7.3. Market Attractiveness Index (By Motor Grader Type)
8. Qatar Bulldozer Market Outlook
8.1. Market Size & Forecast
7.1.1. By Value & Volume
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
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T a b l e o f C o n t e n t s
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
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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”.
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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
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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
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R e s e a r c h M e t h o d o l o g y
© 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
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R e s e a r c h M e t h o d o l o g y
© 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
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R e s e a r c h M e t h o d o l o g y
© 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
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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.
© TechSci Research
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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
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evaluation of the opportunities available in the market.
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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
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