The rising construction activities of commercial spaces are anticipated to positively impact the growth of Qatar Construction Equipment rental market. Moreover, the gradual growth in the demand for rental construction equipment is attributed to the increased focus of budget-constrained companies to reduce project expenditure. Therefore, the increasing construction activities, along with the growing preference for rental equipment is anticipated to boost the demand for rental construction equipment.
According to the MarkNtel Advisors’ research report titled “Qatar Construction Equipment Rental Market Analysis, 2020”, the Construction Equipment Rental market is projected to register a CAGR of around 6% during 2020-25. The earthmoving equipment acquired the highest share in the Qatar Construction Equipment Rental market in 2019 on an account of the increasing construction activities in the residential and commercial sectors. Moreover, the Qatar National Vision 2030 and FIFA World Cup 2022 are the major factors for the growth of the construction sector. Therefore, it is projected to strongly contribute to the growth of the Qatar Construction Equipment Rental market.
Moreover, the residential and commercial sectors captured a considerable market share in the overall Qatar Construction Equipment Rental market in 2019 due to the surging greenfield investments in the country, which can positively impact the growth of the construction industry. Hence, it is anticipated to provide various growth opportunities to the companies engaged in manufacturing rental construction equipment.
As per MarkNtel Advisors’ study, the companies that have captured a significant market share in the Qatar Construction Equipment Rental market include Mohamed Abdulrahman AL-Bahar, Nasser Bin Khaled & Sons, Aggreko, Mediterranean Equipment and Contracting Co., Integrated Equipments Co., 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 Qatar Construction Equipment Rental market?
A. The historical data has been provided since 2015, while the base year is 2019 and the data is forecasted up-to 2025.
Q. What are the units or denomination for measuring market value?
A. The market size/industry size or the market value is measured in terms of USD Million in the report.
Q. Does this report scope include every statics of Qatar Construction Equipment Rental Market during 2020-25?
A. Yes, the report covers growth rate or CAGR, forecast and majority- market share, market size, market segmentation of Qatar Construction Equipment Rental Market during 2020-25.
Q. Which equipment would grab the highest market share during 2020-25?
A. It is forecasted that earthmoving equipment rental will dominate the market with a majority market share.
Q. Who are the key competitors or players operating in Qatar Construction Equipment Rental Market?
A. Mohamed Abdulrahman AL-Bahar, Nasser Bin Khaled & Sons, Aggreko, Mediterranean Equipment and Contracting Co., Integrated Equipments Co. are few of the leading players in the Qatar Construction Equipment Rental Market.
Q. Which end user segment would emerge as an opportunity area for players in Qatar Construction Equipment Rental market?
A. The Residential and commercial grabbed the highest market share in the Qatar Construction Equipment Rental Market.