Ethiopia Construction Equipment Market (2019-2025) | Trend, Share - Report- 6Wresearch

Posted By : 6wresearch on 2022-06-09   15:46:45    India
  construction equipment ethiopia construction equipment market construction equipment market ethiopia construction equipment market trend ethiopia construction equipment market share ethiopia construction equipment market report 6wresearch Research

Description

Ethiopia Construction Equipment Market Overview

The construction equipment market in Ethiopia is driven by the extensive road network expansion plans by the government of Ethiopia. Rapid development has created an opportunity for Chinese and European construction equipment companies to invest in the country. Local manufacturing of construction equipment in the country is non-existent and the market is primarily import driven.

According to 6Wresearch, the Ethiopia Construction equipment market size is projected to grow at a CAGR of 6.1% during 2019-25. The construction application segment is the key revenue-generating segment in the overall Ethiopian construction equipment market share owing to the widespread expansion and development of the road networks in the country. Further, government initiatives such as Ethiopia Vision 2025, Growth and Transformation Plan - II, and massive infrastructure projects such as The Great Renaissance Dam would lead to growth in demand for construction equipment in Ethiopia.

Ethiopia construction equipment market is expected to register sound revenues in the foreseeable future backed by the rapid change in the modernization era coupled with an increase in transportation infrastructures such as railways and road construction through using construction equipment and is expected to acquire high sales revenues in the coming years. Moreover, on the basis of end-users, the power utility industry is expected to dominate the overall market revenues owing to rising hydroelectricity projects such as the Hydroelectric power plant installation in the country, and would instigate the deployment for construction equipment and would spur the progressive Ethiopia construction equipment market growth in the coming years.

Key Highlights of the Report:-

  • Ethiopia Construction Equipment Market Overview
  • Ethiopia Construction Equipment Market Outlook
  • Ethiopia Construction Equipment Market Forecast
  • Market Drivers and Restraints
  • Ethiopia Construction Equipment Market Trends and Development
  • Ethiopia Construction Equipment Market Share, By Players
  • Ethiopia Construction Equipment Market Overview on Competitive Benchmarking
  • Company Profiles
  • Strategic Recommendations

About us: -

6wresearch is the premier, one-stop market intelligence and advisory center, known for its best-in-class business research and consulting activity. We provide industry research reports and consulting services across different industries and geographies which provide industry players an in-depth coverage and help them in decision making before investing or entering into a particular geography. Our Research Process Outsourcing (RPO) division enables our clients to reduce their costs by outsourcing their research needs and focusing on their core competencies.

Contact Us:-

Phone: +911143024305 | Email Id: sales@6wresearch.com




About Author

6wresearch delhi India
6Wresearch is the premier, one stop market intelligence and advisory center, known for its best in class business research and consulting activity. We provide industry research reports and consulting service across different industries and geographies which provide industry players an in-depth coverage and help them in decision making before investing or enter into a particular geography. Our Research Process Outsourcing (RPO) division enables our client to reduce their cost by outsourcing their research needs and focusing on their core competency.

Related Stories

Loopys Turkish Towels

2022-08-13 Business
loopystowels

What makes a perfect beach towel? How are Turkish towels perfect for the beach and for travel? Here’s what on ...

Read More

About | Madelines Bea

2022-08-13 Fashion
madelinesbeautybar

A Bit About Madeline's Beauty Bar Hi, I'm Madeline. I'm the woman behind all the brows! ...

Read More

Services | Madelines

2022-08-13 Fashion
madelinesbeautybar

Services We Offer Which is best for me? If you're still not sure, don't worry! You can book the appt for ...

Read More
You Need Login to Comment !