Market Research Report
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
|Published by||TechSci Research||Product code||987949|
|Published||Content info||135 Pages
Delivery time: Inquiry
|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|
|Published: February 1, 2021||Content info: 135 Pages||
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:
In order to perform the study, TechSci Research conducted primary as well as exhaustive secondary research. Initially, TechSci Research prepared an exhaustive list of UAE construction equipment rental companies. Subsequently, TechSci Research 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, TechSci Research was able to include companies which could not be identified due to the limitations of secondary research.
TechSci Research 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. TechSci Research 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 by TechSci Research.
Key Target Audience:
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:
Rest of Saudi Arabia
Company Profiles: Detailed analysis of the major companies operating in UAE construction equipment rental market.
With the given market data, TechSci Research offers customizations according to the company's specific needs. The following customization options are available for the report:
Company Information:: Detailed analysis and profiling of additional market players (up to five).