Aug 18, 2022   SOURCE: BusinessWire

Saudi Arabia Construction Equipment Rental Market to Reach $2.39 Billion by 2027 - ResearchAndMarkets.com

The "Saudi Arabia Construction Equipment Rental Market, By Equipment Type (Wheel Loader, Crane, Excavator, Bulldozer, Dump Truck, Diesel Genset, Motor Grader and Telescopic Handler, Others), By Region, By Province, Competition, Forecast and Opportunities, 2017-2028" report has been added to ResearchAndMarkets.com's offering.

The Saudi Arabian Construction Equipment Rental Market is expected to grow at a steady CAGR of 7.57% to reach a value of USD2395.33 million by 2027. Factors such as favorable government policies and the rise in infrastructure developments are the primary drivers for the Saudi Arabian Construction Equipment Rental Market. Also, the changing preference of end-users towards the adoption of rental construction equipment services owing to their enhanced affordability and easy availability are expected to play a crucial role in accelerating the market demand over the forecast period.

Saudi Arabia is majorly dependent on the oil & gas industry for revenue generation. The government is trying to reduce its dependency on the oil & gas industry and diversify its income sources by launching mega-budget plans like the Saudi Vision 2030 National Transformation Program.

To achieve the targets set by the leading authorities, the government is promoting infrastructural development in the country. Several projects launched by the government, including the Red Sea Tourism Project, Qiddiya entertainment city, and Riyadh Metro, are expected to boost the demand for construction equipment rental services over the forecast period. The ongoing infrastructure development activities are supported by National Infrastructure Fund (NIF) in 2021 with an aim to attract private investment and partnerships in the country.

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:

  • Wheel Loader
  • Crane
  • Excavator
  • Bulldozer
  • Dump Truck
  • Diesel Genset
  • 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:

  • East
  • Mecca
  • Riyadh
  • Eastern
  • Asir
  • Medina

Key Topics Covered:

1. Service 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 Wheel Loader Rental Market Outlook

8. Saudi Arabia Crane Rental Market Outlook

9. Saudi Arabia Excavator Rental Market Outlook

10. Saudi Arabia Bulldozer Rental Market Outlook

11. Saudi Arabia Dump Truck Rental Market Outlook

12. Saudi Arabia Diesel Genset Rental Market Outlook

13. Saudi Arabia Motor Grader Rental Market Outlook

14. Saudi Arabia Telescopic Handler Rental Market Outlook

15. Market Dynamics

16. Pricing Analysis

17. Policy and Regulatory Landscape

18. Market Trends and Developments

19. SWOT Analysis

20. Supply Chain Analysis

21. Saudi Arabia Economic Profile

22. Company Profiles

23. Strategic Recommendations

24. About the Publisher & Disclaimer

Companies Mentioned

  • Zahid Tractor and Heavy Machinery Co. Ltd
  • General Contracting Company (GCC)
  • Bin Quraya for Rental and Heavy Equipment
  • Industrial Supplies Development Co. Ltd. (ISDC Rental Company)
  • Abdulla Nass & Partners Co. Ltd. (ANPC)
  • Saad Al Qahtani Contracting Co. (SAQCO)
  • Arabian Consolidated Trading (ACT Crane & Heavy Equipment)
  • Altaaqa Alternative Solutions Company
  • Al Faris Group
  • Rezayat Sparrow Arabian Crane Hire Co. Ltd

For more information about this report visit https://www.researchandmarkets.com/r/vbm854