UAE construction equipment and elevator markets forecast to grow through 2031

  • ResearchAndMarkets.com added separate reports forecasting UAE construction equipment and elevator and escalator market growth through 2031.
  • Construction equipment is projected to rise from 14,067 units in 2025 to 18,154 units in 2031, while elevators and escalators are projected to rise from 4,550 to 5,467 units.
  • Infrastructure, housing, tourism, public transport, manufacturing and smart-building investment are supporting demand, while higher costs and regulatory requirements remain challenges.

ResearchAndMarkets.com added separate reports dated Sept. 29, 2026, forecasting growth in the UAE construction equipment market from 14,067 units in 2025 to 18,154 units by 2031 at a 4.34% CAGR, and in the elevator and escalator market from 4,550 units to 5,467 units at a 3.11% CAGR. Both markets are supported by government infrastructure spending, residential and commercial development, tourism, manufacturing or smart-building investment, and public transportation expansion. Construction equipment demand is led by earthmoving machinery and construction applications, while elevator demand is concentrated in passenger systems, machine-room-less units, commercial buildings and public transit. Rising material, labor, fuel, logistics and compliance costs, along with operator shortages and Emiratization requirements, remain constraints.

The information on this website is generated using AI and we cannot guarantee its accuracy. Please use it as reference information only.