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Boost in Smart City Projects Surging the Demand for Rental Construction Equipment in Saudi Arabia

10-29-2020 01:12 PM CET | Industry, Real Estate & Construction

Press release from: Mark Armstrong (Freelance)

Saudi-Arabia-Construction-Equipment-Rental-Market-Analysis,-2020

Saudi-Arabia-Construction-Equipment-Rental-Market-Analysis,-2020

The Saudi Arabia construction equipment rental market is expected to experience robust experience in the forecast period owing to the factors such as increasing government focus toward non-oil sector, burgeoning investment toward construction activities such as roads, highways, metros, bridges, and rising inclination of companies toward using rental construction equipment as it helps in avoiding high initial cost of purchasing equipment and depreciation cost along with low maintenance and repair costs. Apart from these, extensive foreign direct investments, surging need for greater number of houses, and boost in smart city projects are some of the factors contributing toward the growth of the market in the coming years.

According to MarkNtel Advisors’ research report titled “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 2020-25. The COVID-19 pandemic has disrupted the construction equipment rental market on account of lockdown imposition, temporary halt on ongoing construction activities, and delay in initiation of new projects. However, the market is expected to recover at a rapid rate in the coming years on account of resumption in the construction activities.

View Report: https://www.marknteladvisors.com/research-library/saudi-arabia-construction-equipment-rental-market-analysis.html?utm_source=Openpr&utm_medium=PR

“Saudi Arabia Construction Equipment Rental Market Analysis, 2020” provides comprehensive qualitative and quantitative insights on the industry potential, key factors impacting sales and purchase decisions, hotspots, and growth opportunities available for Construction Equipment Rental providers across the country. Moreover, the report also encompasses the key strategic imperatives for success for competitors along with strategic factorial indexing measuring competitor's capabilities on 16 parameters. This will help companies in the formulation of Go to Market Strategies and identifying the blue ocean for its offerings.

Industrial Sector Acquired the Significant Market Share
Based End User, Industrial sector acquired the significant market share in the Saudi Arabia construction equipment rental market in 2019 on account of burgeoning demand for rental equipment in oil & gas sector and various development programs launched by the government in mining, logistics, and energy sectors. Apart from this, the commercial sector is also growing at a rapid pace owing to increasing investment in tourism sector and upcoming infrastructure projects. Thus, this is promulgating the growth of construction equipment rental market in the forthcoming timeline as stated in MarkNtel Advisors’ research report “Saudi Arabia Construction Equipment Rental Market Analysis, 2020”.

According to MarkNtel Advisors, the key players with a considerable market share in the Saudi Arabia Construction Equipment Rental market are 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.

Get Sample Report + All Related Graphs & Charts (with COVID 19 Analysis) @ https://www.marknteladvisors.com/query/request-sample/saudi-arabia-construction-equipment-rental-market-analysis.html?utm_source=Openpr&utm_medium=PR

Market Segmentation:
1. By Type (Earthmoving Equipment, Construction Vehicle, Material Handling Equipment, Other Construction and Tunneling Equipment)
2. By End Users (Residential, Commercial, Industrial)
3. By Geographic Region (North, West, South, East, Central)
4. By Competitors (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.)

Key questions answered in the study:
1. What are the current and future trends of the Saudi Arabia construction equipment Rental?
2. How the industry has been evolving in terms of end-user demand and application areas?
3. What are the future plans and customer expectations of end-users across the country?
4. How the competition has been shaping across the countries followed by their comparative factorial indexing?
5. What are the key growth drivers and challenges for the Saudi Arabia construction equipment Rental?
6. What are the customer orientation, purchase behavior, and expectations from the rental construction equipment companies across various regions?

MarkNtel Advisors
1147 88AVE, Delta, British Columbia, BC,V4C,3B8, CANADA
Email: updates@markntelgroup.com
Tel: +1613-707-5086
Website: https://www.marknteladvisors.com/?utm_source=Openpr&utm_medium=pr

MarkNtel Advisors is a leading research, consulting and data analytics firm that provides a wide range of strategic reports on diverse industry verticals to a substantial and varied client base that includes multinational corporations, financial institutions, governments, and individuals.

We specialize in niche industries and emerging geographies to support our clients in the formulation of strategies viz. Go to Market (GTM), product development, feasibility analysis, project scoping, market segmentation, competitive benchmarking, market sizing & forecasting, trend analysis, etc. in around 15 industry verticals to enable our clients in identifying attractive investment opportunities and maximizing ROI through an early mover advantage.

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