Report Description

Qatar Crane Rental Market was valued at USD110.55 million in 2021 and is anticipated to project a robust growth during the forecast period, registering a CAGR of 10.01% owing to rising construction activities and infrastructure development in Qatar, etc.

Crane is an equipment which is generally fully equipped with several elements that include wire ropes, a hoist and sheaves to lift any rigid material to move them horizontally. Engineering procurement and contractors can rent cranes from organizations that rent crane equipment.

Upcoming Major Events in Qatar Driving Market Growth

A number of major events are going to be held in Qatar in the upcoming years as a result of the country's stable economy and advantageous government policies that draw foreign direct investment (FDI). The most important and well-known football competition in the world, the FIFA World Cup in 2022, will be one of those occasions. It’s going to be the first time that FIFA World Cup will be hosted by an Arab nation. No other single sporting event can bring as much attention to a location as the FIFA World Cup; thus, Qatar can use this global platform to market itself and grow their businesses. Prior estimates by the Qatari government indicated that up to 1.5 million new jobs might be produced in Qatar by the 2022 World Cup, primarily in preparation for the event and tourism and hospitality during it.

Mega Projects in Qatar

The World Bank projects that Qatar's GDP will grow by 3-4% in 2022. The country’s over-reliance on the oil and gas sector could impede its long-term development. The extreme volatility of oil prices has a direct impact on how well industry’s function. The government of Qatar is funding a number of infrastructure, road, and transportation projects all around the nation. The New Doha Port (USD.4 million), the Qatar Long Distance Railways Project (USD3,456 million), the Siraj Al Kharsaah Solar Power Project in Al-Sahaniya (USD462 million), the mega water reservoir project (USD3.9 billion), Al Rayyan Stadium (USD600 million), Al Bayt Stadium (USD192.3 million), and the North Field Extension are the major projects.

Declining Rental Tariff Driving the Growth

Even though Qatar has begun to diversify its economic dependency on oil, oil exports continue to be the country's main source of income. The national revenue of Qatar decreased as a result of the sharp slump in crude oil prices. Additionally, the country's lack of projects and the glut of rental equipment have led to a decrease in rental rates. Due to increased competition among rental providers, these businesses were further forced to lower their rental rates. However, the government's numerous attempts to support the building industry are projected to boost the Qatar Crane Rental Market during the forecast period.

Infrastructure Development in Qatar

Construction, the nation's fastest-growing industry, is booming in Qatar, where the government plans to spend more than USD 200 billion as part of a sizable infrastructure investment programme. Under the auspices of Qatar National Vision 2030, the industry is projected to continue to dominate attempts to diversify the economy through the rapid expansion of the tourism, education, and real estate sectors (QNV 2030). Public spending is the main driver of growth in the nation and because of its sizable budget surpluses and reserves, the government is able to finance many projects directly rather than looking for public-private partnerships. Therefore, the Qatar Crane Rental Market is anticipated to increase in the following years due to the nation's rapid infrastructure advancements.


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Market Segmentation

The Qatar Crane Rental Market is segmented based on type, by end use, by weightlifting capacity, by region, and by competition. Based on type, the market is further fragmented into the fixed crane and mobile crane. Based on end use, the market is segmented into building & construction, mining & quarrying, oil & gas, transportation & logistics, others. Moreover, segmentation of the market on grounds of the weightlifting capacity is done into low, low-medium, heavy, extreme heavy. The market analysis also studies the regional segmentation, divided among Doha, Al Rayyan, Al Wakra, Umm Slal, Al Khor & Al Thakhira, and Rest of Qatar.

Company Profiles

Bothar Boring & Tunnelling Operations, Aryan Cranes and Heavy Equipment W.L.L, United Equipment Group, Aertssen Machinery Services W.L.L, Qatar Al-Attiyah International Group, Oriental Trading Co. Ltd., Dutest Qatar W.L.L, Al Fadal Transport & Trading Co., Mediterranean Equipment and Contracting Co., Autolink International Trading & Equipment Rental W.L.L, Arabia House International Transport Est., and Group Nine Joint Venture Trading & Contracting are among the major market players in the market growth of the Qatar Crane Rental Market.

Attribute

Details

Market size value in 2021

USD 110.55 million 

Revenue Forecast in 2027

USD 206.05 million

Growth Rate

10.01%

Base Year

2021

Historical Years

2017 – 2021

Estimated Year

2022

Forecast Period

2023 – 2027

Quantitative Units

Revenue in (USD million) and CAGR for 2017-2021 and 2022-2027

Report Coverage

·         Revenue forecast, company share, competitive landscape, growth factors, and trends

Segments Covered

·         Type

·         End Use

·         Weightlifting Capacity

Regional Scope

Doha, Al Rayyan, Al Wakra, Umm Slal, Al Khor & Al Thakhira, Rest of Qatar

Key Companies Profiled

Bothar Boring & Tunnelling Operations, Aryan Cranes and Heavy Equipment W.L.L, United Equipment Group, Aertssen Machinery Services WLL, Qatar Al-Attiyah International Group, Oriental Trading Co. Ltd, Dutest Qatar W.L.L, Al Fadal Transport & Trading Co., Mediterranean Equipment and Contracting Co., Autolink International Trading & Equipment Rental W.L.L, Arabia House International Transport Est., Group Nine Joint Venture Trading & Contracting

Customization Scope

10% free report customization with purchase. Addition or alteration to country, regional & segment scope.

Pricing and Purchase Options

Avail customized purchase options to meet your exact research needs. Explore purchase options

Delivery Format

PDF and Excel through Email (We can also provide the editable version of the report in PPT/pdf format on special request)

 

 

Report Scope:

In this report, Qatar Crane Rental Market has been segmented into following categories, in addition to the industry trends which have also been detailed below:

  • Qatar Crane Rental Market, By Type:

o   Mobile Crane

o   Fixed Crane

·         Qatar Crane Rental Market, By End Use:

o   Oil & Gas

o   Building & Construction

o   Transportation & Logistics

o   Mining & Quarrying

o   Others

·         Qatar Crane Rental Market, By Weightlifting Capacity:

o   Heavy

o   Low-Medium

o   Extreme Heavy

o   Low

·         Qatar Crane Rental Market, By Region:

o   Doha

o   Al Rayyan

o   Al Wakra

o   Umm Slal

o   Al Khor & Al Thakhira

o   Rest of Qatar

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in Qatar Crane Rental Market.

Available Customizations:

With the given market data, TechSci Research offers customizations according to a company’s specific needs. The following customization options are available for the report:

Company Information

  • Detailed analysis and profiling of additional market players (up to five).

Table of content

1.    Service Overview

2.    Research Methodology

3.    Impact of COVID-19 on Qatar Crane Rental Market

4.    Executive Summary

5.    Voice of Customer

6.    Qatar Crane Rental Market Outlook

6.1.  Market Size & Forecast

6.1.1. By Value

6.2.  Market Share & Forecast

6.2.1. By Type (Fixed Crane and Mobile Crane)

6.2.2. By End Use (Building & Construction, Mining & Quarrying, Oil & Gas, Transportation & Logistics, Others)

6.2.3. By Weightlifting Capacity (Low, Low-Medium, Heavy, Extreme Heavy)

6.2.4. By Region (Doha, Al Rayyan, Al Wakra, Umm Slal, Al Khor & Al Thakhira, and Rest of Qatar)

6.2.5. By Company (2021)

6.3.  Product Market Map (By Type, By End Use, By Weightlifting Capacity, By Region)

7.    Qatar Mobile Crane Rental Market Outlook

7.1.  Market Size & Forecast

7.1.1. By Value

7.2.  Market Share & Forecast

7.2.1. By End Use (Building & Construction, Mining & Quarrying, Oil & Gas, Transportation & Logistics, Others)

7.2.2. By Weightlifting Capacity (Low, Low-Medium, Heavy, Extreme Heavy)

7.2.3. By Region (Doha, Al Rayyan, Al Wakra, Umm Slal, Al Khor & Al Thakhira and Rest of Qatar)

8.    Qatar Fixed Crane Rental Market Outlook

8.1.  Market Size & Forecast

8.1.1. By Value

8.2.  Market Share & Forecast

8.2.1. By End Use (Building & Construction, Mining & Quarrying, Oil & Gas, Transportation & Logistics, Others)

8.2.2. By Weightlifting Capacity (Low, Low-Medium, Heavy, Extreme Heavy)

8.2.3. By Region (Doha, Al Rayyan, Al Wakra, Umm Slal, Al Khor & Al Thakhira and Rest of Qatar)

9.    Market Dynamics

9.1.  Drivers

9.2.  Challenges

10.  Market Trends and Developments

11.  Policy and Regulatory Landscape

12.  Value Chain Analysis

13.  Qatar Economic Profile

14.  Company Profiles

14.1.           Bothar Boring & Tunnelling Operations

14.2.           Aryan Cranes and Heavy Equipment W.L.L

14.3.           United Equipment Group

14.4.           Aertssen Machinery Services WLL

14.5.           Qatar Al-Attiyah International Group

14.6.           Oriental Trading Co. Ltd.

14.7.           Dutest Qatar W.L.L

14.8.           Al Fadal Transport & Trading Co.

14.9.           Mediterranean Equipment and Contracting Co.

14.10.        Autolink International Trading & Equipment Rental W.L.L

14.11.        Arabia House International Transport Est.

14.12.        Group Nine Joint Venture Trading & Contracting

15.  Strategic Recommendations

16.  About Us & Disclaimer

Figures and Tables

List of Figures

Figure 1:  Qatar Crane Rental Market Size, By Value (USD Million), 2017-2027F

Figure 2: Qatar Crane Rental Market Share, By Type, By Value, 2017-2027F

Figure 3: Qatar Crane Rental Market Share, By End Use, By Value, 2017-2027F

Figure 4: Qatar Crane Rental Market Share, By Weightlifting Capacity, By Value, 2017-2027F

Figure 5: Qatar Crane Rental Market Share, By Region, By Value, 2017-2027F

Figure 6: Qatar Crane Rental Market Share, By Company, By Value, FY2021

Figure 7: Qatar Crane Rental Market Map, By Type, Market Size (USD Million) & Growth Rate (%), 2021

Figure 8: Qatar Crane Rental Market Map, By End Use, Market Size (USD Million) & Growth Rate (%), 2021

Figure 9: Qatar Crane Rental Market Map, By Weightlifting Capacity, Market Size (USD Million) & Growth Rate (%), 2021

Figure 10: Qatar Crane Rental Market Map, By Region, Market Size (USD Million) & Growth Rate (%), 2021

Figure 11: Qatar Mobile Crane Rental Market Size, By Value (USD Million), 2017-2027F

Figure 12: Qatar Mobile Crane Rental Market Share, By End Use, By Value, 2017-2027F

Figure 13: Qatar Mobile Crane Rental Market Share, By Weightlifting Capacity, By Value, 2017-2027F

Figure 14: Qatar Mobile Crane Rental Market Share, By Region, By Value, 2017-2027F

Figure 15: Qatar Fixed Crane Rental Market Size, By Value (USD Million), 2017-2027F

Figure 16: Qatar Fixed Crane Rental Market Share, By End Use, By Value, 2017-2027F

Figure 17: Qatar Fixed Crane Rental Market Share, By Weightlifting Capacity, By Value, 2017-2027F

Figure 18: Qatar Fixed Crane Rental Market Share, By Region, By Value, 2017-2027F

Frequently asked questions

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The market size of the Qatar Crane Rental Market was USD 110.55 Million in 2021.

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Oil & gas dominated the Qatar Cranes Rental Market with a market share of 41.61% for the year 2021. The segment witnessed an increase in the market share owing to the country’s heavy investments in oil & gas sector.

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Doha dominated the Qatar Cranes Rental Market in 2021 with a market share of 39% and is expected to further influence the market during the forecast period, given its larger market size and presence of major companies.

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Increasing construction activities and government initiatives are the major drivers for the Qatar Crane Rental Market.

profile

Srishti Verma

Business Consultant
Press Release

Qatar Crane Rental Market to Reach USD206 Million by 2027

Sep, 2022

Rising construction activities, burgeoning foreign investment and government initiatives are expected to drive the growth in Qatar Crane Rental Market during the forecast period, 2023-2027.