MarkNtel Advisors recently published a detailed industry analysis of the Saudi Arabia Construction Equipment Rental Market. The report covers growth trends, regional marketing strategies, challenges, opportunities, and drivers influencing the market.
Insights and Analysis of the Saudi Arabia Construction Equipment Rental Market (2020-2025)
the Saudi Arabia Construction Equipment Rental market is anticipated to grow at a CAGR of around 11% during 2020-25F
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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.
What segments define the Saudi Arabia Construction Equipment Rental market from 2020 to 2025? How do these segments contribute to market dynamics and growth?
-By Type of Equipment
-Earth Moving Equipment
-Construction Vehicle
-Material Handling Equipment
-Other Construction and Tunneling Equipment
-By Emirates
-Central
-West
-East
-South
-By End Users
-Residential
-Commercial
-Industrial
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Who are the leading key players shaping the Saudi Arabia Construction Equipment Rental Market landscape?
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.
Questions Addressed in this Study
1.What factors are driving the Saudi Arabia Construction Equipment Rental Market growth?
2.What are the key insights into the current trends in the Saudi Arabia Construction Equipment Rental Market?
3.What is the current size of the Saudi Arabia Construction Equipment Rental Market, and how is it projected to change in the future?
4.What is the future outlook for the Saudi Arabia Construction Equipment Rental Market in terms of technological advancements and market expansion?
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