UAE Construction Equipment Rental Market, By Equipment Type (Crane, Diesel Generator, Excavator, Wheel Loader, Bulldozer, Motor Grader, Telescopic Handler, Forklifts, Trucks, Manlifts, Others), Competition Forecast & Opportunities, 2015-2025
New York, Feb. 17, 2021 (GLOBE NEWSWIRE) -- Reportlinker.com announces the release of the report "UAE Construction Equipment Rental Market, By Equipment Type, Competition Forecast & Opportunities, 2015-2025" - https://www.reportlinker.com/p05365612/?utm_source=GNW
UAE construction equipment rental market was valued at USD 17.06 Million in 2019 and is forecast to grow at CAGR of over 6% during the next five years. The oil and gas companies are taking various initiatives towards sustainable growth and to support the country’s economy. For instance, in February 2020, Dubai and Abu Dhabi announced to jointly develop a gas reservoir Jebel Ali Project, aimed to bring ADNOC and Dubai Supply Authority together. These infrastructural developments are making the UAE oil and gas industry more attractive for the foreign investors. For instance, in 2019, Eni, an Italian oil & gas company and OMV, an Australian oil & gas company, are investing USD 5.8 billion in ADNOC’s refinery unit for 35% share. Moreover, the government of UAE is focusing on developing sour gas resources to fulfill the increasing domestic demand. These developments are driving the infrastructural development in the UAE, hence, driving demand for construction equipment in oil and gas projects.
UAE construction rental market can be segregate based on equipment type, company, and region.To avoid maintenance cost and include a major portion of capital into purchasing new equipment for construction, companies involved in construction and infrastructure sector prefer to rent equipment for construction purposes.
Based on the equipment type, market can be segregated into crane, diesel generator, excavator, wheel loader, bulldozer, motor grader, telescopic handler, forklifts, trucks, manlifts, and others. Out of these, wheel loader accounted for the dominant share in 2019 and the trend is likely to continue until 2025.
The major players operating in the UAE construction rental market are Al Mutawa Heavy Equipment Trading LLC, Mohamed Abdulrahman Al-Bahar LLC, Johnson Arabia LLC, Yellow Cat Heavy Equipment & Machinery Rental, Byrne Equipment Rental, Al Shola Rental Solutions, Tanzeem Heavy Equipment Rental LLC, Gallagher International, Al Ghayoum Contracting & General Transport Establishment, Al Faris International Heavy Equipment Rental, AG Facilities Solutions for Contracting and General Maintenance LLC, Obaid Knesih & Sons Transport, Sari Oil Field Services Supplies & General Transport Company, AL Jaber Leasing Services and others.
Years considered for this report:
Historical Years: 2015– 2019
Base Year: 2019
Estimated Year: 2020
Forecast Period: 2021 – 2025
Objective of the Study:
• To analyze and forecast the market size of UAE construction equipment rental market.
• To study UAE construction equipment rental market scenario, which covers crane, diesel generator, excavator, wheel loader, bulldozer, motor grader and telescopic handler equipment.
• To classify and forecast UAE construction equipment rental market on the basis of equipment type, region and company.
• To identify drivers and challenges for UAE construction equipment rental market.
• To identify market trends & developments for UAE construction equipment rental market.
In order to perform the study, the analyst conducted primary as well as exhaustive secondary research.Initially, the analyst prepared an exhaustive list of UAE construction equipment rental companies.
Subsequently, the analyst conducted primary research surveys, which included primary calls, e-mail responses, etc., with the identified companies. While interviewing, the respondents were asked about their major competitors. Through this technique, the analyst was able to include companies which could not be identified due to the limitations of secondary research.
The analyst calculated the market size for UAE construction equipment rental market using a bottom-up technique, wherein UAE construction equipment rental companies’ revenue for different equipment types (crane, diesel generator, excavator, wheel loader, bulldozer, motor grader and telescopic handler) was recorded as well as forecast for future years. The analyst sourced these values from industry experts and company representatives, and externally validated by analyzing historical data of respective construction equipment rental companies to arrive at the overall market size.
Multiple secondary sources such as directories, company websites, company annual reports, white papers, investor presentations and financial reports were also analyzed.
Key Target Audience:
• Construction equipment manufacturers, distributors, rental companies and other stakeholders
• Major end users of construction equipment
• Government and financial institutions
• Technology investors and research institutes
• Associations, organizations, forums and alliances related to construction equipment rental market
• Market research and consulting firms
The study is useful in providing answers to several critical questions that are important for industry stakeholders such as construction equipment rental companies, distributors and policymakers. The study would enable the stakeholders in identifying the growing segments over the coming years, thereby aiding them in taking investment decisions and facilitating their expansion.
In this report, UAE construction equipment rental market has been segmented into following categories, in addition to the industry trends which have also been detailed below:
• Market, By Equipment Type:
o Diesel Generator
o Wheel Loader
o Motor Grader
o Telescopic Handler
• Market, By Region:
o Abu Dhabi
o Rest of Saudi Arabia
Company Profiles: Detailed analysis of the major companies operating in UAE construction equipment rental market.
With the given market data, we offers customizations according to the company’s specific needs. The following customization options are available for the report:
: Detailed analysis and profiling of additional market players (up to five).
Read the full report: https://www.reportlinker.com/p05365612/?utm_source=GNW
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