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The Iran Machinery and Equipments (M&E) market is a large and growing market. In 2021, the market was valued at $22.3 billion and is expected to reach $35.2 billion by 2027. The growth of the market is being driven by a number of factors, including the country's growing economy, the need to modernize infrastructure, and the government's focus on developing the manufacturing sector.
Iran Machinery and Equipments (M&E) Government Procurement
The Iranian government is a major purchaser of machinery and equipment. In 2021, the government spent $8.1 billion on M&E, and this is expected to grow to $12.2 billion by 2027. The government's procurement of M&E is driven by a number of factors, including the need to modernize infrastructure, improve public services, and develop the manufacturing sector.
The Iranian government procures a wide range of M&E products and services. The main categories include:
Construction equipment: This includes excavators, bulldozers, cranes, and other equipment used in construction projects.
Oil and gas equipment: This includes drilling rigs, pipelines, pumps, and other equipment used in the oil and gas industry.
Power generation equipment: This includes turbines, generators, transformers, and other equipment used to generate electricity.
Transportation equipment: This includes locomotives, wagons, trucks, buses, and other equipment used in transportation.
Medical equipment: This includes diagnostic imaging equipment, surgical equipment, and other equipment used in hospitals and clinics.
The top authorities for Iran M&E procurement include:
Ministry of Industry, Mine and Trade: This ministry is responsible for the development of the manufacturing sector and is a major purchaser of M&E.
Ministry of Petroleum: This ministry is responsible for the oil and gas industry and is a major purchaser of M&E.
Ministry of Energy: This ministry is responsible for the power sector and is a major purchaser of M&E.
Ministry of Transportation and Urban Development: This ministry is responsible for the transportation sector and is a major purchaser of M&E.
Ministry of Health and Medical Education: This ministry is responsible for the healthcare sector and is a major purchaser of M&E.
The top winners of Iran M&E procurement contracts in recent years include:
Sazi Beton
Machine Sazi Arak (MSA)
Caterpillar: American multinational corporation that designs, manufactures, markets and sells machinery, engines, financial products and insurance to customers via a worldwide dealer network
Komatsu: Japanese multinational corporation that manufactures construction, mining, forestry, and industrial equipment, as well as diesel engines and other industrial machinery
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