Middle East: Market for Transporter Cranes, Gantry Cranes And Bridge Cranes 2025

Market Size for Transporter Cranes, Gantry Cranes And Bridge Cranes in the Middle East

In 2021, the Middle Eastern transporter and bridge cranes market decreased by -60.1% to $X, falling for the second year in a row after three years of growth. In general, consumption showed a noticeable setback. Over the period under review, the market reached the peak level at $X in 2019; however, from 2020 to 2021, consumption stood at a somewhat lower figure.

Production of Transporter Cranes, Gantry Cranes And Bridge Cranes in the Middle East

In value terms, transporter and bridge cranes production skyrocketed to $X in 2021 estimated in export price. Overall, production, however, saw a resilient expansion. The most prominent rate of growth was recorded in 2018 with an increase of 78% against the previous year. Over the period under review, production reached the peak level at $X in 2019; however, from 2020 to 2021, production failed to regain momentum.

Exports of Transporter Cranes, Gantry Cranes And Bridge Cranes

Exports in the Middle East

In 2021, overseas shipments of transporter cranes, gantry cranes and bridge cranes decreased by -18.1% to X units, falling for the second year in a row after five years of growth. Over the period under review, exports saw a abrupt curtailment. The most prominent rate of growth was recorded in 2019 with an increase of 24% against the previous year. As a result, the exports attained the peak of X units. From 2020 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, transporter and bridge cranes exports expanded to $X in 2021. Overall, exports recorded a abrupt shrinkage. The growth pace was the most rapid in 2018 when exports increased by 36% against the previous year. The level of export peaked at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

In 2021, Turkey (X units) represented the major exporter of transporter cranes, gantry cranes and bridge cranes, generating 68% of total exports. Kuwait (X units) held an 11% share (based on physical terms) of total exports, which put it in second place, followed by the United Arab Emirates (5.4%) and Saudi Arabia (5.2%). The following exporters - Oman (X units) and Bahrain (X units) - each finished at an 8.2% share of total exports.

From 2012 to 2021, average annual rates of growth with regard to transporter and bridge cranes exports from Turkey stood at +3.0%. At the same time, Oman (+37.0%) and Kuwait (+17.4%) displayed positive paces of growth. Moreover, Oman emerged as the fastest-growing exporter exported in the Middle East, with a CAGR of +37.0% from 2012-2021. By contrast, Bahrain (-1.9%), the United Arab Emirates (-19.3%) and Saudi Arabia (-20.9%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Turkey, Kuwait and Oman increased by +35, +9.5 and +4.1 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Turkey ($X) remains the largest transporter and bridge cranes supplier in the Middle East, comprising 72% of total exports. The second position in the ranking was taken by Kuwait ($X), with an 8.8% share of total exports. It was followed by Bahrain, with a 5.3% share.

In Turkey, transporter and bridge cranes exports remained relatively stable over the period from 2012-2021. In the other countries, the average annual rates were as follows: Kuwait (+15.7% per year) and Bahrain (+2.2% per year).

Export Prices by Country

The export price in the Middle East stood at $X per unit in 2021, surging by 26% against the previous year. In general, the export price, however, saw a mild setback. Over the period under review, the export prices reached the peak figure at $X per unit in 2013; however, from 2014 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Bahrain ($X per unit), while Saudi Arabia ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Bahrain (+4.2%), while the other leaders experienced mixed trends in the export price figures.

Imports of Transporter Cranes, Gantry Cranes And Bridge Cranes

Imports in the Middle East

In 2021, transporter and bridge cranes imports in the Middle East surged to X units, picking up by 53% against the previous year's figure. Over the period under review, imports saw a perceptible increase. The pace of growth appeared the most rapid in 2013 when imports increased by 83% against the previous year. Over the period under review, imports reached the maximum at X units in 2017; however, from 2018 to 2021, imports stood at a somewhat lower figure.

In value terms, transporter and bridge cranes imports soared to $X in 2021. In general, imports, however, continue to indicate a noticeable curtailment. The pace of growth appeared the most rapid in 2013 when imports increased by 80%. As a result, imports reached the peak of $X. From 2014 to 2021, the growth of imports failed to regain momentum.

Imports by Country

In 2021, Turkey (X units) and Qatar (X units) were the major importers of transporter cranes, gantry cranes and bridge cranes in the Middle East, together resulting at approx. 73% of total imports. Oman (X units) ranks next in terms of the total imports with a 12% share, followed by the United Arab Emirates (5.6%) and Iran (5%). Iraq (X units) took a relatively small share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Qatar (with a CAGR of +22.1%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest transporter and bridge cranes importing markets in the Middle East were Turkey ($X), Qatar ($X) and Oman ($X), together accounting for 77% of total imports.

In terms of the main importing countries, Qatar, with a CAGR of +37.5%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the import price in the Middle East amounted to $X per unit, shrinking by -5.9% against the previous year. Overall, the import price showed a deep downturn. The pace of growth was the most pronounced in 2019 an increase of 15% against the previous year. The level of import peaked at $X per unit in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

Average prices varied somewhat amongst the major importing countries. In 2021, major importing countries recorded the following prices: in Iran ($X per unit) and the United Arab Emirates ($X per unit), while Qatar ($X per unit) and Iraq ($X per unit) were amongst the lowest.

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

Source: IndexBox Platform

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