Increasing Use of Machine Control Systems in Construction Activities Bolster Middle East & Africa Machine Control System Market
Machine control systems play an important role in controlling and monitoring construction equipment and ensuring ideal performance, better construction operations, and quality assurance. Machine control systems also help reduce field and machine downtime and enhance resource utilization. Further, population growth and rapid urbanization across the globe are encouraging government bodies to invest in infrastructure development. Government organizations across the globe are now focused on developing smart infrastructure.For instance, in 2022, the Ministry of Municipal, Rural Affairs and Housing (MOMRA), Saudi Arabia, signed an agreement to invest US$ 10 billion in local infrastructure projects to deliver over 150,000 housing units covering 11 cities in the country. Thus, with the growth in the construction sector, the demand for machine control systems in the country is also expected to increase during the forecast period. Globally, the use of machine control technology in the construction industry is on the rise. This technology, which uses GPS and sensors to guide heavy equipment and machinery, has become progressively popular in recent years owing to its ability to improve efficiency, accuracy, and safety on the work site.
As a result, construction companies are turning to machine control technology to aid in improving their operations. This technology allows for real-time monitoring and tracking of project progress and the capability to make quick adjustments to the operation plan as required. The machine control system also helps decrease the possibility of human error and enhance safety on the work site. In general, the growth in the construction industry worldwide is a positive development for the Middle East & Africa machine control system market. Further, by implementing this technology, construction companies can enhance their operations and deliver better outcomes for their customers. Thus, the demand for machine control systems from the construction industry is increasing.
Middle East & Africa Machine Control System Market Overview
The Middle East & Africa (MEA) machine control system market is segmented into South Africa, Saudi Arabia, the UAE, and the Rest of Middle East & Africa. The region is projected to witness a rapid rise in industrialization and urbanization, which, in turn, will propel the overall economy of the region. Most GCC countries are experiencing economic diversification and improvements required to enhance business environments and encourage foreign direct investment (FDI). According to the Economist Group, the construction sector in the GCC is expected to grow nearly 3.5-4% a year on average in 2023-2024.Thus, the strong growth in the construction industry is a crucial factor propelling the Middle East & Africa machine control system market in the region. Economic growth within the region is attracting investors' attention toward countries such as South Africa, Saudi Arabia, and the UAE, which is creating opportunities for construction projects, including commercial, institutional, residential, and industrial buildings. The increasing construction of malls, showrooms, bridges, and other construction projects will eventually increase the demand for machine control systems as they provide equipment operators with better insight into and control over their work.
As the region has one of the biggest mining industries, the need for machine control systems to handle various equipment such as excavators, graders, loaders, and dozers is increasing. Also, the region is witnessing an increasing number of mining projects. For instance, in August 2023, Saudi Arabian Mining Company (Ma'aden) awarded a key construction contract worth US$ 28 million to Darkstone for the second phase of Mansourah-Massarah Gold Project in the kingdom. Ma'aden is expecting to produce 250,000 ounces of gold annually over 12 years. Thus, such a growing construction industry and a rising number of mining projects in the region are fueling the growth of the Middle East & Africa machine control system market.
Middle East & Africa Machine Control System Market Revenue and Forecast to 2030 (US$ Million)
Middle East & Africa Machine Control System Market Segmentation
The Middle East & Africa machine control system market is categorized into type, equipment, industry, view type, type of delivery, and country.Based on type, the Middle East & Africa machine control system market is segmented into total stations, GNSS, laser scanners, airborne systems, GIS collectors, and others. The GNSS segment held the largest market share in 2022.
In terms of equipment, the Middle East & Africa machine control system market is categorized into excavators, graders, loaders, dozers, scrappers, paving system, and others. The excavators segment held the largest market share in 2022.
By industry, the Middle East & Africa machine control system market is segmented into infrastructure, commercial, residential, and industrial. The infrastructure segment held the largest market share in 2022.
In terms of view type, the Middle East & Africa machine control system market is bifurcated into 2D and 3D. The 2D segment held a larger market share in 2022.
By type of delivery, the Middle East & Africa machine control system market is bifurcated retrofit and OEM build. The OEM build segment held a larger market share in 2022.
By country, the Middle East & Africa machine control system market is segmented into South Africa, Saudi Arabia, the UAE, and the Rest of Middle East & Africa. The UAE dominated the Middle East & Africa machine control system market share in 2022.
Andritz AG, Hemisphere GNSS Inc, Komatsu Ltd, Leica Geosystems AG, OBA MOBILE AUTOMATION AG, Schneider Electric SE, Topcon Corp, and Trimble Inc are among the leading companies operating in the Middle East & Africa machine control system market.
Reasons to Buy:
- Save and reduce time carrying out entry-level research by identifying the growth, size, leading players, and segments in the Middle East & Africa machine control system market.
- Highlights key business priorities in order to assist companies to realign their business strategies.
- The key findings and recommendations highlight crucial progressive industry trends in the Middle East & Africa machine control system market, thereby allowing players across the value chain to develop effective long-term strategies.
- Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
- Scrutinize in-depth Middle East & Africa market trends and outlook coupled with the factors driving the Middle East & Africa machine control system market, as well as those hindering it.
- Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing, and distribution.
Table of Contents
Companies Mentioned
- Andritz AG
- Hemisphere GNSS Inc
- Komatsu Ltd
- Leica Geosystems AG
- OBA MOBILE AUTOMATION AG
- Schneider Electric SE
- Topcon Corp
- Trimble Inc
Table Information
Report Attribute | Details |
---|---|
No. of Pages | 103 |
Published | June 2024 |
Forecast Period | 2022 - 2030 |
Estimated Market Value ( USD | $ 370.32 Million |
Forecasted Market Value ( USD | $ 541.2 Million |
Compound Annual Growth Rate | 4.9% |
Regions Covered | Africa, Middle East |
No. of Companies Mentioned | 8 |