Saudi Arabia Construction Equipment Rental Market Analysis, 2020

Saudi Arabia Construction Equipment Rental Market Analysis, 2020 research report depicts a deep-dive market analysis of statistics of Saudi Arabia Construction 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 “Saudi Arabia Construction Equipment Rental Market Analysis, 2020”, the Saudi Arabia Construction Equipment Rental market is anticipated to grow at a CAGR of around 11% during 2020-25F. The market growth is attributed to the high cost associated with the purchase of the equipment, extensive public & private infrastructure construction projects, and rising demand for rental equipment due to their ease of availability, which have fueled the growth of Saudi Arabia's Earthmoving Equipment Rental market. Furthermore, a constant surge in the residential and commercial industry activities, boost in foreign direct investment, and considerable government focus toward expansion of metros & airports and upcoming new hotels & malls have resulted in the growth of Construction Equipment Rental market in Saudi Arabia.

Market Segmentation

Earthmoving Equipment Dominated the Market

Based on type of equipment, earthmoving equipment dominated the Saudi Arabia Construction Equipment Rental market in 2019 and is anticipated to maintain its dominance in the forecast period. Earthmoving equipment include skid-steer loaders, backhoe loaders, crawler excavators, and mini excavators. The demand for backhoes, loaders, and excavators is surging at a high rate due to a boost in residential and commercial construction activities. Apart from this, escalating construction work in the industries such as hospitality sector, commercial space and extensive government investment toward the infrastructural development are anticipated to upsurge the demand for earthmoving equipment rental in the country. Thus, this is projected to further lead to the growth of the Construction Equipment Rental market in Saudi Arabia in the near future as stated in MarkNtel Advisors’ research report “Saudi Arabia Construction Equipment Rental Market Analysis, 2020”. 

Impact of COVID-19

The COVID-19 pandemic has hampered the growth of Saudi Arabia Construction Equipment Rental market to a great extent owing to the halt on various construction activities in the residential, commercial and industrial sectors in the country.

Competitive Landscape

According to MarkNtel Advisors, the key players with a considerable market share in the Saudi Arabia Construction Equipment Rental market include Zahid Tractor and Heavy Machinery Company, Bin Quraya, Rezayat Sparrow Arabian Crane Hire Co. Ltd., YounesFateh Al Khaja, Arabian Consolidated Trading Group – Crane & Heavy Equipment Rental, Arabian Machinery & Heavy Equipment Co. (AMHEC), Industrial Supplies Development Co. Ltd Rental and Service, Abdullah H. Al Shuwayer Company, Al Arabi Heavy Equipment Lease Company (AHELCO), Hertz Dayim Equipment Rental Co. etc.

Key Questions Answered in the Market Research Report:

1. What are the key overall market statistics or market estimates (Market Overview, Market Size- By Value, Forecast Numbers, Market Segmentation, Market Shares) of Saudi Arabia Construction Equipment Rental Market?
2. What is the region wise industry size, growth drivers and challenges key market trends?
3. What are the key innovations, technology upgrades, opportunities, regulations in the Saudi Arabia Construction Equipment Rental Market?  
4. Who are the key competitors or market players and how they perform in Saudi Arabia Construction Equipment Rental Market based on competitive benchmarking matrix?
5. What are the key results derived from the market surveys conducted during the course of Saudi Arabia Construction Equipment Rental Market study?   

 Market Outlook, Segmentation and Statistics 

• Impact of COVID-19
• Market Size & Analysis
  • By Revenues (USD Million)
• Market Share & Analysis
  • By Type of Equipment
    • Earth Moving Equipment
    • Construction Vehicle
    • Material Handling Equipment
    • Other Construction and Tunnelling Equipment
  • By End-User
    • Residential
    • Commercial
    • Industrial
  • By Region
    • North
    • West
    • South
    • East
    • Central
• By Company
  • Revenue Shares
  • Strategic Factorial Indexing
  • Competitor Placement in MarkNtel Quadrant

• Saudi Arabia Construction Equipment Rental Market Policies, Regulations, Product Standard
• Saudi Arabia Construction Equipment Rental Market Hotspots & Opportunities

• Competition Outlook
  • Competitor Wise Growth Strategies
  • Company Profiles

Frequently Asked Questions:

Q. What is the historical year, base year and forecast year considered in the research report on Saudi Arabia Construction 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 Saudi Arabia Construction Equipment Rental Market during 2020-25?
A. The growth rate of Saudi Arabia Construction Equipment Rental Market during 2020-25 is forecast to be grow at a CAGR of 11%

Q. Who are the key competitors or players operating in Saudi Arabia Construction Equipment Rental Market? 
A. Zahid Tractor and Heavy Machinery Company, Bin Quraya, Rezayat Sparrow Arabian Crane Hire Co. Ltd., YounesFateh Al Khaja, Arabian Consolidated Trading Group – Crane & Heavy Equipment Rental, Arabian Machinery & Heavy Equipment Co. (AMHEC), Industrial Supplies Development Co. Ltd Rental and Service, Abdullah H. Al Shuwayer Company, Al Arabi Heavy Equipment Lease Company (AHELCO), Hertz Dayim Equipment Rental Co., are few of the leading players in the Saudi Arabia Construction Equipment Rental Market.

Q. Which end-user segment would emerge as an opportunity area for players in Saudi Arabia Construction 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 Saudi Arabia Construction Equipment Rental Market?
A.  Earthmoving equipment grabbed a significant market share continue to grow at a highest CAGR, presenting immense opportunities for market players of Saudi Arabia Construction Equipment Rental Market.