Report Summary:

MARKET SIZE- VOLUME (2030): 94.5 Thousand Units

MARKET SIZE- VOLUME (2024): 68.5 Thousand Units

CAGR- VOLUME (2024-2030): 5.51%

MARKET SIZE- REVENUE (2030): USD 6.76 Billion

HISTORIC YEAR: 2021-2023

BASE YEAR: 2024

FORECAST YEAR: 2025-2030

EQUIPMENT TYPE: Earthmoving Equipment, Road Construction Equipment, Material Handling Equipment, and Other Equipment

END-USERS: Construction, Mining, Manufacturing, and Others

GCC Nations Aim to Lead the Low-Emission Hydrogen Market by 2031

Green hydrogen is fast becoming a defining force in the push to decarbonize heavy industries, and construction equipment is at the front line of this transition. Global OEMs like Caterpillar are already developing 100% green-hydrogen-powered machinery, signaling a major shift toward low-emission construction technologies. In the Middle East, momentum is even stronger. Saudi Arabia is emerging as a global powerhouse in the green hydrogen market, with the Public Investment Fund (PIF) leading the creation of the world's largest green hydrogen production facility in NEOM. Powered by vast solar and wind resources, this mega-project is set to accelerate global supply and fuel sustainability across sectors, including construction equipment.

The UAE's National Hydrogen Strategy 2050 further strengthens the region's leadership, outlining an ambitious plan to become a top producer and exporter of low-emission hydrogen by 2031. Meanwhile, The UAE's National Hydrogen Strategy 2050 and Oman's Hydrogen-Centric Economy 2040, including plans for one of the world's biggest green hydrogen plants, are further driving demand for hydrogen-fuelled construction equipment.

High-Capacity Cranes Becomes Critical to growing LNG Pipeline Worldwide

The surge in LNG megaprojects across the Middle East is creating a notable uptick in demand for advanced, high-capacity cranes. Qatar's North Field East expansion, the largest LNG project globally, has already deployed large-tonnage crawler cranes from SANY as project execution accelerates. Saudi Aramco's $3.3 billion LNG complex is set to require extensive heavy-lift capabilities throughout its multi-phase development, signaling sustained procurement needs. Established players like GHHL, with their investment in 100–300-ton Liebherr cranes, further underscore the long-term lifting requirements tied to regional energy expansion. Collectively, these developments highlight how LNG growth is directly boosting the requirement for high-capacity cranes across the region.

Surging Infrastructure & Real Estate Investments Trigger a New Wave of Machinery Demand

The GCC construction sector continues to outpace other major industries, powered by an expanding pipeline of large-scale infrastructure, real estate, and energy-related projects. Saudi Arabia remains the region's growth engine, with Vision 2030 accelerating landmark developments such as NEOM and The Line, both of which are reshaping demand for advanced construction machinery. Across the UAE, momentum is equally strong, Abu Dhabi attracted $493 million in real estate FDI in Q1 2025, pushing total transactions to nearly $2 billion and fueling new construction requirements.

Building on this regional upswing, Kuwait is also entering a growth phase, with a $400 million surge in construction-sector bank financing boosting market confidence and driving equipment demand. Qatar's real estate market recorded $1.15 billion in transactions in 2024, supported by a sharp rise in building permits, signaling an expanding need for machinery as development activity accelerates. Even in Bahrain, where the market is adjusting to oversupply, developers are shifting toward affordable housing backed by government programs, creating new pockets of demand for construction equipment.

GCC's Green Investment Boom Creates a Strategic Material Handling Opportunity

The GCC's accelerating push into renewable energy is unlocking a new wave of development activity and reshaping equipment needs across the region. Saudi Arabia's landmark 5,500 MW solar PV agreements, Kuwait's advancement of the Shagaya Renewable Energy Park, and the UAE's multibillion-dollar clean-energy roadmap all point to a rapidly expanding project pipeline. As these developments move from planning into large-scale construction and deployment, the need for advanced material handling equipment is set to rise sharply supporting logistics, installation, and operational workflows across solar farms, grid upgrades, and supporting infrastructure. As these initiatives move from planning to deployment, the requirement for advanced material handling equipment is set to increase, supporting the logistics, installation, and infrastructure needs of a fast-growing renewable energy ecosystem across the GCC.