Iran Construction Equipment Market (2016-2022)

Bharat Book Bureau provides the report; on “Iran Construction Equipment Market (2016-2022)” This report Iran construction equipment market, construction industry accounted for the largest share followed by mining and oil & gas industries.https://www.bharatbook.com/manufacturing-construction-market-research-reports-752813/iran-construction-equipment.html

12th March, 2016- Mumbai, India: Bharatbook.com announces a report on “Iran Construction Equipment Market (2016-2022)” This report provides unbiased and detailed analysis of the on-going trends.

Iran Construction Equipment Market (2016-2022): Market Forecast by Equipment Types (Excavators, Loaders (Backhoe Loader and Skid Steer Loader), Cranes (Tower Cranes and Mobile Cranes), Bulldozers and Motor Grader), Applications (Excavation & Demolition, Heavy Lifting and Recycling & Waste Management), Industries (Construction Industry, Mining Industry and Oil & Gas industry) and Regions (Northern, Southern, Eastern, Western and Central)

Iran is one of the most potential and untapped markets in the Middle-East region. Iran market declined sharply during 2012-15 due to the imposition of the US Sanctions. These sanctions resulted in slowdown of the economy and devaluation of Iranian currency, which affected several construction projects in the country.

However, in 2016, the market is exhibited to regain its momentum on the back of removal of sanctions and expected investments inflow in the country. With these developments, the construction industry is likely to revive, which would create the demand for construction equipment.

According to Iran construction equipment market is estimated to grow by 7.9% in 2016. In Iran’s construction equipment market, excavator segment accounted for majority of the revenue share followed by the loaders, cranes, bulldozers and motor graders. By 2022, share of excavator’s segment is expected to decline owing to growing demand for backhoe loaders in the country.

In Iran...