This report thoroughly covers the Tanzanian used construction equipment market by equipment type. The report provides an unbiased and elaborate analysis of the ongoing trends, opportunities/high growth areas and market drivers, which might facilitate the stakeholders to plan and align their market methods per the present and future market dynamics.
Tanzania Used Construction Equipment Market Synopsis
Rapid urbanization driving to increased demand for lodging ventures is expected to boost the Tanzanian used construction equipment market. The increasing number of infrastructure projects and mega construction projects such as the Tanzania Liquefied Natural Gas Project, Rusumo Hydroelectric Power Station, etc., are expected to further fuel the demand for construction equipment amid the forecast period.
The used construction instrumentation market showed steady growth throughout the COVID-19 pandemic. Government authorities across the countries conjointly focused on investment in treatment & medical facilities rather than public construction. However, the trade revived within the later part of the year on the reopening of economic and industrial activities.
According to the publisher, the Tanzanian used construction equipment market size is projected to grow at a CAGR of 5.0% during 2021-27. Construction is among the significantly affected businesses due to the COVID-19 widespread. Sales of construction equipment have fallen in the country.
Factors impacting construction equipment manufacturers incorporate infrastructure, private, commercial, mechanical development, mine and well development, and regulation spending. Leasing equipment for construction ventures offers different advantages to builders instead of acquiring modern development equipment, requiring significant down payments and increasing operating expenses.
Moreover, increased participation of the foreign and private construction firms in Tanzania has contributed to a rise in the number of construction projects going in the country, thereby increasing the demand for used construction equipment.
Market Analysis by Equipment Type
By equipment type, earth moving equipment had a significant revenue share in 2020 in the used construction equipment market in Tanzania due to the large-scale construction activities in the country requiring equipment like excavators, motor graders, and loaders for digging foundations of buildings.
Most earthmoving equipment uses hydraulic drives as the essential source of motion. Excavators (crawler and wheeled), loaders (backhoe, skid-steer), and engine graders are considered beneath earthmoving equipment. These types of equipment are designed for construction activities.
The expanding urban population and the demand for better infrastructure facilities are making significant development opportunities for the earthmoving construction equipment.
Key Attractiveness of the Report
- COVID-19 Impact on the Market.
- 10 Years Market Numbers.
- Historical Data Starting from 2017 to 2020.
- Base Year: 2020
- Forecast Data until 2027.
- Key Performance Indicators Impacting the Market.
- Major Upcoming Developments and Projects.
Key Highlights of the Report
- Tanzania Used Construction Equipment Market Overview
- Tanzania Used Construction Equipment Market Outlook
- Tanzania Used Construction Equipment Market Forecast
- Historical Data & Forecast of Tanzania Used Construction Equipment Market Revenues and Volume For The Period 2017-2027F
- Historical Data & Forecast of Revenues and Volume, By Equipment, For the Period 2020-2027F
- Tanzania Used Construction Equipment Market Trends
- Market Trends and Industry Life Cycle
- Porter’s Five Force Analysis
- Market Opportunity Assessment
- Tanzania Used Construction Equipment Market Shares
- Market Competitive Benchmarking
- Company Profiles
- Key Strategic Recommendations
Market Scope and Segmentation
The report provides a detailed analysis of the following market segments:
By Equipment Type
- Cranes
- Tractors & Bulldozers
- Earth Moving Equipment
- Loaders
- Excavators
- Motor Grader
- Material Handling Equipment
- Dump Trucks
- Aerial Work Platform
- Road Construction Work Platform
Table of Contents
1. Executive Summary
Samples
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Companies Mentioned
- Action Construction Equipment Ltd
- Caterpillar Incorporation
- Case Construction
- Doosan Heavy Industries & Construction
- Hitachi Construction Machinery
- Hyundai Construction Equipment
- Joseph Cyril Bamford Excavators Ltd
- Sany Heavy Industry Co., Ltd.
- Volvo Construction Equipment
- XCMG East Africa Limited
