Heavy Equipment Market in Ethiopia and Djibouti Drives Growth by 2026

1. 3/13/24, 4:47 PM Exploring the Heavy Equipment Market in Ethiopia and Djibouti: Press release Exploring the Heavy Equipment Market in Ethiopia and Djibouti: Trends and Growth Prospects to Reach $496.1 mn in 2026 03-12-2024 04:49 PM CET | Industry, Real Estate & Construction Press release from: Allied Market Research Increase in construction & infrastructure activities, economic growth, and rise in focus on public-private partnerships drive the growth in the market. technological investments would present new opportunities in the market. According to the report, the Ethiopia and Djibouti heavy equipment market garnered $323.9 million in 2018, and is estimated to reach $496.1 million in 2026, registering a CAGR of 5.6% from 2019 to 2026. Download Sample PDF (Get Full Insights in PDF + Pages) @ https://www.alliedmarketresearch.com/request-sample/5331 Heavy Equipment Market in Ethiopia and Djibouti Earth moving machinery segment to maintain its dominating position Based on machinery type, the earth moving machinery segment accounted for the largest share, contributing to nearly two-thirds of the total market in 2018, and will maintain its dominating position throughout the forecast period. This is attributed to rise in applications in the construction sector. On the other hand, the material handling machinery segment is expected to register the highest market share with a CAGR of 7.8% from 2019 to 2026. This is due to rise in focus on workplace safety, surge in adoption in manufacturing sector, and growth in mining activities. Excavating segment to continue its lead in terms of revenue by 2026 On the basis of function, the excavating segment held the major market share, contributing nearly half of the total share in 2018, and is estimated to continue its lead by 2026. This is due to availability of improved solutions to reduce cost of operation and increase productivity. However, the drilling segment would register the fastest CAGR of 8.5% from 2019 to 2026, owing to availability of highly ef?cient and reliable drilling machines. Construction segment to dominate throughout the forecast period Based on end user, the construction segment contributed the highest market share in terms of revenue with more than two-?fths of total market in 2018. On the other hand, the energy segment is estimated to register the fastest growth rate with a CAGR of 7.7% during the forecast period, owing to supportive government initiatives in the energy sector. Enquire For Discount: https://www.alliedmarketresearch.com/purchase-enquiry/5331 Ethiopia to offer lucrative opportunities Ethiopia held the major market share in 2018, accounting for more than 95% of the total market, and is estimated to maintain its lion's share throughout the forecast period. Moreover, it is estimated to register the fastest CAGR of 5.7% from 2019 to 2026. It offers lucrative opportunities, owing to rise in GDP and growth of the construction sector. The report offers a detailed analysis of the Djibouti market. Key Players of the Industry: Leading industry players analyzed in the research include AB Volvo, Deere & Company, Caterpillar Inc., Hitachi, Ltd., Doosan Infracore, Kobelco Construction Machinery Co., Ltd., J C Bamford Excavators Ltd., SANY Group, Komatsu Ltd., and Xuzhou Construction Machinery Group Co., Ltd. (XCMG). Get Updates on Demands @ https://www.alliedmarketresearch.com/request-for-customization/5331 Read More Information- Heavy Construction Equipment Market: https://www.alliedmarketresearch.com/heavy-construction-equipment-market https://www.openpr.com/news/3425886/exploring-the-heavy-equipment-market-in-ethiopia-and-djibouti 1/2

2. 3/13/24, 4:47 PM Exploring the Heavy Equipment Market in Ethiopia and Djibouti: Heavy Payload Robotic Arm Market: https://www.alliedmarketresearch.com/heavy-payload-robotic-arm-market Contact Us: United States 1209 Orange Street, Corporation Trust Center, Wilmington, New Castle, Delaware 19801 USA. Int'l: +1-503-894-6022 Toll Free: +1-800-792-5285 Fax: +1-800-792-5285 help@alliedmarketresearch.com Read More: https://medium.com/me/stories/public About us: 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. This release was published on openPR. 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. © 2004 - 2024 openPR. All rights reserved. https://www.openpr.com/news/3425886/exploring-the-heavy-equipment-market-in-ethiopia-and-djibouti 2/2