Construction equipment

Saudi Arabia Construction Equipment Leasing Market Report 2022: Increase in Government Spending on Infrastructure Development and Construction Activities Fueling 6.85% YoY Growth – ResearchAndMarkets.com

DUBLIN–(BUSINESS WIRE)–The “construction equipment rental market in Saudi Arabia, by type of equipment (dump truck, diesel generator, crane, wheel loader, excavator, bulldozer, grader, telehandler and others), by Region, by Province, Competition, Forecast and Opportunities, 2016-2026F” report has been added to from ResearchAndMarkets.com offer.

The Saudi construction equipment rental market was valued at USD 1419.71 million in 2020 and is expected to grow at a CAGR of roughly 6.85% to reach USD 2166.66 million by 2026. investments in housing projects by government authorities, increasing efforts to reduce the dependence on the oil and gas industry and ongoing technological advancements are driving the growth of the construction equipment rental market in Saudi Arabia during the forecast period.

Increased government spending on infrastructure development and construction activities to boost the country’s economy and create an alternative source of income for the country is accelerating the pace of construction activities in the country. The high initial cost required for the purchase of construction equipment makes contractors and construction companies opt for rental services to meet their demands. Construction equipment rental eliminates the maintenance costs and the need to invest in technological upgrading of construction equipment, which is one of the main reasons for the high demand of the construction equipment rental market .

The increase in the number of market players offering rental services and the intense competition among them is prompting the market players to take measures to stay ahead. The adoption of telematics and automation technology by construction equipment manufacturing companies is helping to make products more efficient and advanced.

Market players are turning to online platforms to expand their consumer base and make their services accessible to a wider audience, which is expected to drive the growth of the Saudi Arabia construction equipment rental market over the next forecast period. However, fluctuations in commodity prices may hamper the growth of the market during the forecast period.

Report Scope:

In this report, the Saudi construction equipment rental market has been segmented into the following categories, in addition to industry trends which have also been detailed below:

Saudi Arabia construction equipment rental market, by type of equipment

  • Dumper

  • diesel generator

  • Crane

  • wheel loader

  • Excavator

  • Bulldozer

  • motor grader

  • Telehandler

  • Others

Saudi Arabia construction equipment rental market, by region

  • South West

  • North and center

  • East

Saudi Arabia construction equipment rental market, by province

  • Mecca

  • Riyadh

  • East

  • Asir

  • Medina

  • East

Competitive landscape

Company Profiles: Detailed analysis of the major companies operating in the Saudi construction equipment rental market.

Customizations available:

With the provided market data, the editor offers customizations according to the specific needs of a business.

Main topics covered:

1. Product introduction

2. Research Methodology

3. Executive Summary

4. Impact of COVID-19 on the Saudi Arabia construction equipment rental market

5. Voice of the customer

6. Saudi Arabia Construction Equipment Leasing Market Outlook

7. Saudi Arabia Dump Trucks Market Outlook

8. Saudi Arabia Diesel Generator 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 Telehandler Rental Market Outlook

14. Market Dynamics

15. Price Analysis

16. Policy and regulatory landscape

17. Market trends and developments

18. SWOT Analysis

19. Supply Chain Analysis

20. Saudi Arabia Economic Profile

21. Competitive landscape

22. Strategic Recommendations

Companies cited

  • Zahid Tractor and Heavy Machinery Company

  • General Corporate Contractor (GCC)

  • Rental Bin Quraya

  • Industrial Supplies Development Co.Ltd. (ISDC rental company)

  • Abdulla Nass & Partners Co. Ltd. (ANPC)

  • Saad Al Qahtani contract (SAQCO)

  • Arabian Consolidated Trading Group – Crane and 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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