Saudi Arabia Construction Equipment Rental Market Report 2022: Increased Government Spending on Infrastructure Development and Construction Activities Fueling 6.85% Annual Growth – ResearchAndMarkets.com
DUBLIN–(BUSINESS WIRE)–The “Saudi Arabia Construction Equipment Rental Market, By Equipment Type (Dump Truck, Diesel Genset, Crane, Wheel Loader, Excavator, Bulldozer, Motor Grader, Telescopic Handler and Others), By Region, By Province, Competition, Forecast & Opportunities, 2016-2026F” report has been added to ResearchAndMarkets.com’s offering.
The Saudi Arabian Construction Equipment Rental Market stood at USD1419.71 million in 2020 and is expected to grow at a CAGR of around 6.85% to reach USD2166.66 million by 2026. Increasing investments in housing projects by government authorities, rising efforts to reduce the dependence on the oil & gas industry, and ongoing technological advancements are driving the growth of the Saudi Arabian Construction Equipment Rental Market in the forecast period.
Increased government spending on infrastructure development and construction activities to boost the country’s economy and create an alternate revenue source for the country is bolstering the pace of construction activities in the country. The high initial cost required for purchasing the construction equipment makes the contractors and construction companies opt for rental services to fulfill their demands. Renting construction equipment eliminates the maintenance costs and the need to invest in technological upgradation of the construction equipment, which is one of the major reasons for the high demand of the construction equipment rental market.
The surge in the number of market players offering rental services and intense competition among them makes the market players take measures to stay ahead. The adoption of telematics and automation technology by construction equipment manufacturing companies is aiding in making the products more efficient and advanced.
Market players are shifting to online platforms to expand their consumer base and make their services accessible to a larger audience is expected to boost the growth of the Saudi Arabian Construction Equipment Rental Market in the forecast period. However, fluctuations in raw material prices may hinder the growth of the market in the forecast period.
Report Scope:
In this report, the Saudi Arabian Construction Equipment Rental Market has been segmented into following categories, in addition to the industry trends which have also been detailed below:
Saudi Arabia Construction Equipment Rental Market, By Equipment Type
- Dump Truck
- Diesel Genset
- Crane
- Wheel Loader
- Excavator
- Bulldozer
- Motor Grader
- Telescopic Handler
- Others
Saudi Arabia Construction Equipment Rental Market, By Region
- South & West
- North & Central
- East
Saudi Arabia Construction Equipment Rental Market, By Province
- Mecca
- Riyadh
- Eastern
- Asir
- Medina
- East
Competitive Landscape
Company Profiles: Detailed analysis of the major companies present in the Saudi Arabian Construction Equipment Rental Market.
Available Customizations:
With the given market data, the publisher offers customizations according to a company’s specific needs.
Key Topics Covered:
1. Product Overview
2. Research Methodology
3. Executive Summary
4. Impact of COVID-19 on Saudi Arabia Construction Equipment Rental Market
5. Voice of Customer
6. Saudi Arabia Construction Equipment Rental Market Outlook
7. Saudi Arabia Dump Truck Market Outlook
8. Saudi Arabia Diesel Genset Rental Market Outlook
9. Saudi Arabia Crane Rental Market Outlook
10. Saudi Arabia Wheel Loader Rental Market Outlook
10. Saudi Arabia Excavator Rental Market Outlook
11. Saudi Arabia Bulldozer Rental Market Outlook
12. Saudi Arabia Motor Grader Rental Market Outlook
13. Saudi Arabia Telescopic Handler Rental Market Outlook
14. Market Dynamics
15. Pricing Analysis
16. Policy & Regulatory Landscape
17. Market Trends & Developments
18. SWOT Analysis
19. Supply Chain Analysis
20. Saudi Arabia Economic Profile
21. Competitive Landscape
22. Strategic Recommendations
Companies Mentioned
- Zahid Tractor and Heavy Machinery Company
- General Contracting Company (GCC)
- Bin Quraya Rental
- Industrial Supplies Development Co. Ltd. (ISDC Rental Company)
- Abdulla Nass & Partners Co. Ltd. (ANPC)
- Saad Al Qahtani Contracting (SAQCO)
- Arabian Consolidated Trading Group – Crane & Heavy Equipment Rental
- Altaaqa Alternative Solutions Co. Ltd.
- Al Faris
- Rezayat Sparrow Arabian Crane Hire Co. Ltd.
For more information about this report visit https://www.researchandmarkets.com/r/xevn1w
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