Middle East: Mounting Lifting Equipment Market 2025

Mounting Lifting Equipment Market Size in the Middle East

In 2021, the Middle Eastern mounting lifting equipment market increased by 2.4% to $X for the first time since 2018, thus ending a two-year declining trend. Overall, consumption saw a prominent expansion. The level of consumption peaked at $X in 2018; however, from 2019 to 2021, consumption remained at a lower figure.

Mounting Lifting Equipment Production in the Middle East

In value terms, mounting lifting equipment production rose markedly to $X in 2021 estimated in export price. Over the period under review, production showed prominent growth. The most prominent rate of growth was recorded in 2017 when the production volume increased by 57%. The level of production peaked at $X in 2018; however, from 2019 to 2021, production stood at a somewhat lower figure.

Mounting Lifting Equipment Exports

Exports in the Middle East

Mounting lifting equipment exports skyrocketed to X units in 2021, picking up by 68% compared with the previous year. Overall, exports enjoyed a mild increase. The pace of growth was the most pronounced in 2017 with an increase of 102% against the previous year. Over the period under review, the exports reached the maximum at X units in 2015; however, from 2016 to 2021, the exports remained at a lower figure.

In value terms, mounting lifting equipment exports soared to $X in 2021. In general, exports continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 with an increase of 58%. The level of export peaked at $X in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Turkey represented the main exporting country with an export of about X units, which reached 63% of total exports. It was distantly followed by Bahrain (X units) and the United Arab Emirates (X units), together committing a 34% share of total exports.

Turkey was also the fastest-growing in terms of the lifting equipment designed for mounting on road vehicles exports, with a CAGR of +9.4% from 2012 to 2021. Bahrain experienced a relatively flat trend pattern. the United Arab Emirates (-14.4%) illustrated a downward trend over the same period. Turkey (+32 p.p.) significantly strengthened its position in terms of the total exports, while Bahrain and the United Arab Emirates saw its share reduced by -5.2% and -22.4% from 2012 to 2021, respectively.

In value terms, Turkey ($X) remains the largest mounting lifting equipment supplier in the Middle East, comprising 76% of total exports. The second position in the ranking was held by the United Arab Emirates ($X), with a 9.6% share of total exports.

In Turkey, mounting lifting equipment exports expanded at an average annual rate of +2.3% over the period from 2012-2021. In the other countries, the average annual rates were as follows: the United Arab Emirates (-3.5% per year) and Bahrain (-6.9% per year).

Export Prices by Country

In 2021, the export price in the Middle East amounted to $X per unit, waning by -21.7% against the previous year. Over the period under review, the export price recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 an increase of 33%. Over the period under review, the export prices hit record highs at $X per unit in 2013; however, from 2014 to 2021, the export prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was the United Arab Emirates ($X per unit), while Bahrain ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+12.6%), while the other leaders experienced a decline in the export price figures.

Mounting Lifting Equipment Imports

Imports in the Middle East

In 2021, supplies from abroad of lifting equipment designed for mounting on road vehicles was finally on the rise to reach X units after two years of decline. Over the period under review, imports showed noticeable growth. The pace of growth was the most pronounced in 2013 when imports increased by 112%. The volume of import peaked at X units in 2018; however, from 2019 to 2021, imports remained at a lower figure.

In value terms, mounting lifting equipment imports skyrocketed to $X in 2021. In general, imports, however, continue to indicate a relatively flat trend pattern. The level of import peaked at $X in 2015; however, from 2016 to 2021, imports remained at a lower figure.

Imports by Country

The countries with the highest levels of mounting lifting equipment imports in 2021 were Qatar (X units), together recording 99% of total import.

Qatar was also the fastest-growing in terms of the lifting equipment designed for mounting on road vehicles imports, with a CAGR of +4.6% from 2012 to 2021. The shares of the largest importers remained relatively stable throughout the analyzed period.

In value terms, Qatar ($X) constitutes the largest market for imported lifting equipment designed for mounting on road vehicles in the Middle East.

From 2012 to 2021, the average annual growth rate of value in Qatar totaled +1.6%.

Import Prices by Country

The import price in the Middle East stood at $X per unit in 2021, with a decrease of -13.1% against the previous year. Over the period under review, the import price showed a pronounced reduction. The pace of growth appeared the most rapid in 2019 when the import price increased by 324% against the previous year. The level of import peaked at $X per unit in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

As there is only one major supplying country, the average price level is determined by prices for Qatar.

From 2012 to 2021, the rate of growth in terms of prices for Qatar amounted to -2.9% per year.

Source: IndexBox Platform

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