As part of ELDIDI Group, Soilmec Misr was established in Cairo, Egypt in 1996. In 2003
Soilmec Emirates LLC was established in Dubai, United Arab Emirates, and in 2004,
Soilmec Gulf FZCO was established with an office in Jebel Ali Free Zone in the UAE. In
2005, ELDIDI Group also established Universal Augers, which specializes in a wide
range of drilling bits and tools in Jebel Ali, UAE. In 2007, ELDIDI Group opened Drillmec
in Khartoum, Sudan to serve the growing demand of oil and water drilling rigs. In
addition, Soilmec Arabia was established in 2008, in Jeddah, Saudi Arabia.
would drive the market significantly by 2020, contributing more than 44% of the total market revenue, due to
increased application in earth moving operations. Crane market is growing at a steady rate owing to the growing
demand for lifting and material handling from different industries.
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From industries' perspective, public works and rail road sector would significantly drive the market due to the
increasing number of infrastructural projects worldwide. Other prominent end-user industries include oil & gas,
mining and manufacturing.
The construction equipment find maximum usage in earth moving and lifting & material handling applications. The
two applications collectively accounted for around 50% of the total market in 2014. Between the two, earth moving
application would grow at a faster rate during the forecast period, due to the upsurge in construction for
commercial and residential infrastructure setup. Market is further segmented into solution type, comprising of
product and services. The market shares of products and services would hover in the ratio of 80:20 throughout the
analysis period.
Asia-Pacific region would dominate the global construction equipment market throughout the analysis period due to
the increased industrial and residential construction activities in this region, whereas North American market is
expected to witness moderate growth.
Key findings of the study
Lifting & material handling application would grow at a relatively faster CAGR of 12.4% during 2015-2020, in
comparison to all the other applications
Public work activities would continue to drive the global construction equipment market over the analysis period
Excavation & mining application involving the use of construction equipment would grow notably at a CAGR of
9.5% during 2015-2020
The market in Asia Pacific region is expected to grow at a CAGR of 10.2% during 2015-2020
The market growth is attributed to innovation in construction equipment products along with the rising demand
from public works, mining, manufacturing and oil and gas industries. Many prominent players operating in the
construction equipment market have adopted product launch and acquisition as their key growth strategies. In
2011, Caterpillar acquired Bucyrus to expand the mining segment of the company and improve their mining
equipment product line. Prominent companies profiled in the report include Caterpillar, Volvo, Hitachi, JCB and
Komatsu.