Press Release

Egypt Construction Equipment Rental Market to Surpass $ 820 Million by 2022

Anticipated stabilization of political scenario coupled with bullish outlook for construction and infrastructure sectors to proliferate construction equipment rental market in Egypt through 2022

According to TechSci Research report, “Egypt Construction Equipment Rental Market By Equipment Type, Competition Forecast & Opportunities, 2022”, equipment rental market in Egypt is projected to reach $ 821 million by 2022. On account of consistent growth in public and private infrastructure development projects, surge in the country’s construction equipment rental market is anticipated during the forecast period. Moreover, due to brisk growth in construction sector, a large number of construction companies require various equipment but they don’t buy them due to their high acquisition cost, instead many companies hire them on rent for the specified period of time.

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In 2016, crane dominated the Egypt construction equipment rental market and the segment is expected to lead the market during the forecast period as well, owing to its use across residential/commercial set-ups, especially for high-rise building construction in the country. Moreover, crane usage in construction equipment rental industry is extensive as they are not only used in the initial phase of a construction project but till the time the project is completed. Nevertheless, the bulldozer segment is anticipated to exhibit the fastest growth over the course of next five years. ‘Alexandria, Delta, Suez Canal, Greater Cairo & Upper North’ Region is expected to dominate the Egypt construction equipment rental market owing to many construction projects, such as Great Cairo metro line, Suez Canal Development Project – Dredging, expansion of east port, etc.

Big Rental, Adrighem & Al Dibiki, and Magic-Rent are few of the leading players operating in the construction equipment rental market. However, market consists of many unorganized players engaged in providing equipment rental services. It has been anticipated that in coming years, many players will foray in the market due to increase in the construction projects. JCB, Tadano, Liebherr, Caterpillar, Grove, etc., are the major equipment brands offered by many rental companies through customized rental agreements in Egypt.

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 “With increasing government expenditure, growing investment by many companies in Egypt and rise in number of construction projects, the country’s construction rental market is likely to grow during the forecast period. Moreover, favorable government policies regarding construction projects, developing real estate and housing projects and surging foreign investments in equipment rental market, are anticipated to fuel the market in the coming years.” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.

Egypt Construction Equipment Rental Market By Equipment Type Competition Forecast & Opportunities, 2022 has analyzed the potential of construction equipment rental market in Egypt, and provides statistics and information on market sizes, shares and trends. The report will suffice in providing the intending clients with cutting-edge market intelligence and help them in taking sound investment decisions. Besides, the report also identifies and analyzes emerging trends along with essential drivers and key challenges faced by the industry.

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