GCC Earthmoving Equipment Rental Market Analysis, 2020 research report depicts a deep-dive market analysis of statistics of GCC Earthmoving Equipment Rental market which consists of regional and country-wise market size, market forecast, CAGR market segmentation, market shares of diverse regions and countries, market share of various end-users, applications, product type, technologies, competitive benchmarking, etc.
Market Opportunities
According to MarkNtel Advisors’ research report titled “GCC Earthmoving Equipment Rental Market Analysis, 2020”, the GCC Earthmoving Equipment Rental market is anticipated to grow at a CAGR of 6.8% during 2020-25F on account of the rising inclination of the construction companies toward the adoption of rental equipment due to high cost associated with the purchase of the equipment along with additional expenditure such as tax, insurance, licensing, and storage cost, etc. Apart from this, burgeoning investment toward the highway constructions, metro construction, airports, host of international events being held in the countries such as UAE and Qatar, and a boost in foreign direct investment are strongly contributing toward the growth of the market in the forecast period.
Market Segmentation
Saudi Arabia Dominated the Market
Saudi Arabia dominated the GCC Earthmoving Equipment Rental market in 2019 owing to the growth in the hospitality sector, surging government investment toward infrastructural development, and the rising rate of FDI in the country. Moreover, the UAE is also projected to grow at an astronomical rate over the forecast period on account of burgeoning government investment in the residential, transportation, and hospitality sector, extensive infrastructure spending on Expo 2021, and rising investments in the private & public sector from domestic & foreign investors are projected to accelerate the growth of the Earthmoving Equipment Rental market in GCC in the near future as stated in the MarkNtel Advisors’ research report “GCC Earthmoving Equipment Rental Market Analysis, 2020”.
Competitive Landscape
According to MarkNtel Advisors, the key players with a considerable market share in the GCC Earthmoving Equipment Rental market include Zahid Tractor and Heavy Machinery Co., Ltd., Bin Quraya Rental, Saad Al Qahtani Contracting Co., Arabian Consolidated Trading Group, Al Faris Equipment Rentals LLC, Hertz Dayim Equipment Rental Co., Mohamed Abdulrahman Al-Bahar LLC, Byrne Equipment Rental LLC, Al Mutawa Heavy Equipment Trading LLC, Quality Equipment Rental LLC, etc.
Key Questions Answered in the Market Research Report:
Market Outlook, Segmentation, and Statistics
Frequently Asked Questions:
Q. What is the historical year, base year, and forecast year considered in the research report on GCC Earthmoving Equipment Rental Market?
A. The historical data has been provided since 2015, while the base year is 2019 and the data is forecast up-to 2025.
Q. What are the units or denomination for measuring market value and volume in the report?
A. The market size or the market value is measured in terms of USD Million.
Q. What would be the growth rate or CAGR of the GCC Earthmoving Equipment Rental Market during 2020-25?
A. The GCC Earthmoving Equipment Rental Market is forecast to grow at a CAGR of 6.8% during 2020-25.
Q. Who are the key competitors or players operating in GCC Earthmoving Equipment Rental Market?
A Zahid Tractor and Heavy Machinery Co., Ltd., Bin Quraya Rental, Saad Al Qahtani Contracting Co., Arabian Consolidated Trading Group, Al Faris Equipment Rentals LLC, Hertz Dayim Equipment Rental Co., Mohamed Abdulrahman Al-Bahar LLC, Byrne Equipment Rental LLC, Al Mutawa Heavy Equipment Trading LLC, Quality Equipment Rental LLC, are few of the leading players in the GCC Earthmoving Equipment Rental Market.
Q. Which end-user segment would emerge as an opportunity area for players in GCC Earthmoving Equipment Rental Market?
A. Commercial segment is expected to attain the highest CAGR during the forecast period and maintain its significant market share through 2025.
Q. Which type of equipment would emerge as an opportunity area for players in the GCC Earthmoving Equipment Rental Market?
A. Excavator equipment grabbed a significant market share continues to grow at the highest CAGR, presenting immense opportunities for market players of GCC Earthmoving Equipment Rental Market.
