Press Release

Saudi Arabia Construction Equipment Rental Market to grow at CAGR 5% till 2022

Anticipated stabilization of crude oil prices coupled with growing construction & infrastructure sector to drive the Saudi Arabia construction equipment rental market through 2022

According to TechSci Research report, “Saudi Arabia Construction Equipment Rental Market By Equipment Type, Competition Forecast & Opportunities, 2012-2022”, the construction equipment rental market in Saudi Arabia is projected to cross $ 357 million by 2022, on account of reviving construction industry and high purchasing cost of construction equipment due to which construction companies prefer procuring construction equipment on rent. Moreover, major projects such as Vision 2030, Jazan Economic City, King Abdullah Economic City and Jeddah Metro, etc., are expected to generate huge rental demand for construction equipment in the country during the forecast period, consequently driving the country’s construction equipment rental market through 2022.

Browse 46 market data Figures and Tables spread through 107 Pages and an in-depth TOC on "Saudi Arabia Construction Equipment Rental Market"

https://www.techsciresearch.com/report/saudi-arabia-construction-equipment-rental-market/2315.html

According to a consumer survey conducted by TechSci Research, more than 65% customers are not willing to change their construction equipment rental company. Zahid Tractor & Bin Quraya grabbed the highest satisfaction level among contractors in terms of product quality, availability and service of construction equipment rental market in Saudi Arabia.  Further, Zahid Tractor & Bin Quraya with cumulative share of more than 30% in 2016 are expected to continue their market dominance during forecast period as well. Diesel generator segment dominated the Saudi Arabia construction equipment rental market in 2016, and the segment is expected to lead the market during the forecast period as well, on account of ongoing as well as upcoming construction projects in the country. Moreover, 251–750 KVA category held the largest share in Saudi Arabia diesel generators rental market. Among regions, a high demand for rental equipment emanates from South & West regions as a huge number of large-scale projects are being undertaken in these regions.

Download Sample Report @ https://www.techsciresearch.com/sample-report.aspx?cid=2315


Customers can also request for 10% free customization on this report.

“Various upcoming infrastructure projects coupled with increasing government expenditure towards industrial, tourism and construction sector of the country to stabilize the economy is anticipated to boost construction equipment rental market 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 further expected to fuel the market in the coming years.” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.

Saudi Arabia Construction Equipment Rental Market By Equipment Type, Competition Forecast & Opportunities, 2012-2022 has analyzed the potential of construction equipment rental market across the country, 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. 

About TechSci Research

TechSci Research is a leading global market research firm publishing premium market research reports. Serving 700 global clients with more than 600 premium market research studies, TechSci Research is serving clients across 11 different industrial verticals. TechSci Research specializes in research based consulting assignments in high growth and emerging markets, leading technologies and niche applications. Our workforce of more than 100 fulltime Analysts and Consultants employing innovative research solutions and tracking global and country specific high growth markets helps TechSci clients to lead rather than follow market trends.

Contact

Mr. Ken Mathews

708 Third Avenue,

Manhattan, NY,

New York – 10017

 

Tel: +1-646-360-1656

 

Email: [email protected]

Relevant Reports

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,

Infrastructure | May, 2022

Increasing Investments into infrastructure and government schemes are driving the growth in Saudi Arabia Construction Equipment Rental Market in the forecast period

Relevant News