UAE Construction Equipment Rental Market to cross $ 270 million 2022 | TechSci Research

Anticipated stabilization of crude oil prices and growing construction and infrastructure sectors in the UAE to drive the country’s construction equipment rental market

According to TechSci Research report, “UAE Construction Equipment Rental Market By Equipment Type, Competition Forecast & Opportunities, 2012-2022”, construction equipment rental market in the UAE is projected to cross $ 273 million by 2022, owing to increasing development in the country’s infrastructure and industrial sectors. Moreover, due to high purchasing cost of construction equipment, construction companies prefer procuring equipment on rent instead of buying them. Additionally, various major ongoing and upcoming projects such as The Palm Tower, Jewel of the Creek, Al Manhal development, Sheikh Zayed Bridge, etc., are expected to cumulatively generate huge demand for construction equipment in the country, consequently driving construction equipment rental market in the UAE during the forecast period.

Browse 45 market data Figures and Tables spread through 93 Pages and an in-depth TOC on "UAE Construction Equipment Rental Market"

https://www.techsciresearch.com/report/uae-construction-equipment-rental-market/2100.html

As per a consumer survey conduction by TechSci Research in January, 2018, more than 70% customers are not willing to change their construction equipment rental company. Al Mutawa & Al Bahar grabbed the highest satisfaction level among contractors in product quality, availability and service of construction equipment in the UAE. Al Mutawa was the market leader in the UAE construction equipment rental market in 2016, and the company is expected to maintain a strong foothold during the forecast period as well, on the back of its diverse rental product portfolio.

On the basis of equipment type, cranes dominated the UAE construction equipment rental market in 2016 and the segment is expected to lead the market through 2022 as well, on account of extensive use of cranes across residential / commercial projects, from the beginning of the project to its completion. Among regions, Dubai is the largest construction equipment rental market in the UAE, as a large number of large-scale construction projects are being undertaken in Dubai, followed by Abu Dhabi, Sharjah, and Ras al-Khaimah.

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“Various upcoming greenfield and brownfield infrastructure projects coupled with rising government expenditure in the country’s industrial and construction sectors is likely to aid the growth of construction equipment rental market in the UAE. Moreover, decline in rental tariffs and increasing number of construction equipment rental companies operating in the country is anticipated to steer growth in the UAE construction equipment rental market in the coming years.” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.

“UAE Construction Equipment Rental Market By Equipment Type, Competition Forecast & Opportunities, 2012-2022” has analyzed the potential of construction equipment rental market across the country, and provides statistics and information on market sizes, shares and trends. The report will suffice in providing the intending clients with cutting-edge market intelligence and help them in taking sound investment decisions. Besides, the report also identifies and analyzes emerging trends along with essential drivers and key challenges faced by the UAE construction equipment rental market.

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