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, 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 “GCC Earthmoving Equipment Rental Market Analysis, 2020”, the GCC Earthmoving Equipment Rental market is anticipated to grow at a considerable CAGR during 2020-25F on account of rising inclination of the construction companies towards 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 towards the highway constructions, metro construction, airports, host of international event in the countries such as UAE and Qatar and boost in foreign direct investment are strongly contributing towards the growth of the market in the forecasted period.
Market Segmentation
Saudi Arabia Dominated the Market
Saudi Arabia dominated the GCC Earthmoving Equipment Rental market in 2019 owing to the growth in hospitality sector, surging government investment towards the infrastructural development and rising FDI in the country. Moreover, UAE is also projected to grow at an astronomical rate over the forecasted period on account to burgeoning government investment in the residential, transportation and hospitality sector, snowballing infrastructure spending on Expo 2021 and rising investments in 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 revealed by the MarkNtel Advisors’ research report “GCC Earthmoving Equipment Rental Market Analysis, 2020”.
COVID-19 Impact
The outbreak of COVID-19 has a pessismistic impact on the GCC earthmoving equipment rental market due to the lockdown imposition in the region which has put a hold on ongoing construction activities and also deplay various upcoming projects.
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/industry size or the market value is measured in terms of USD Million.
Q. What would be the growth rate or CAGR of GCC Earthmoving Equipment Rental Market during 2020-25?
A. The GCC Earthmoving Equipment Rental Market is forecast to grow at a considerable rate 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 is expected to attain the highest CAGR during the forecast period and maintain its significant market share.
Q. Which type of equipment would emerge as an opportunity area for players in GCC Earthmoving Equipment Rental Market?
A. Excavator equipment continue to grow at a highest CAGR, presenting immense opportunities for market players of GCC Earthmoving Equipment Rental Market.
