Saudi Arabia Construction Equipment Rental Market to grow at CAGR 5% till 2022
Anticipated stabilization of crude oil prices
coupled with growing construction & infrastructure sector to drive the Saudi
Arabia construction equipment rental market through 2022
According to TechSci Research report, “Saudi Arabia Construction Equipment Rental Market By Equipment Type,
Competition Forecast & Opportunities, 2012-2022”, the construction equipment
rental market in Saudi Arabia is projected to cross $ 357 million by 2022, on
account of reviving construction industry and high purchasing cost of
construction equipment due to which construction companies prefer procuring construction
equipment on rent. Moreover, major projects such as Vision 2030, Jazan Economic
City, King Abdullah Economic City and Jeddah Metro, etc., are expected to generate
huge rental demand for construction equipment in the country during the
forecast period, consequently driving the country’s construction equipment
rental market through 2022.
Browse 46 market
data Figures and Tables spread through 107 Pages and an in-depth TOC on "Saudi Arabia Construction Equipment Rental
Market"
https://www.techsciresearch.com/report/saudi-arabia-construction-equipment-rental-market/2315.html
According to a consumer survey conducted by TechSci
Research, more than 65% customers are not willing to change their construction
equipment rental company. Zahid Tractor & Bin Quraya grabbed the highest
satisfaction level among contractors in terms of product quality, availability
and service of construction equipment rental market in Saudi Arabia. Further, Zahid Tractor & Bin Quraya with cumulative
share of more than 30% in 2016 are expected to continue their market dominance during
forecast period as well. Diesel generator segment dominated the Saudi Arabia construction
equipment rental market in 2016, and the segment is expected to lead the market
during the forecast period as well, on account of ongoing as well as upcoming construction
projects in the country. Moreover, 251–750 KVA category held the largest share
in Saudi Arabia diesel generators rental market. Among regions, a high demand
for rental equipment emanates from South & West regions as a huge number of
large-scale projects are being undertaken in these regions.
Download Sample Report @ https://www.techsciresearch.com/sample-report.aspx?cid=2315
Customers can also request for 10% free customization on this report.
“Various upcoming infrastructure
projects coupled with increasing government expenditure towards industrial, tourism
and construction sector of the country to stabilize the economy is anticipated
to boost construction equipment rental market during the forecast period.
Moreover, favorable government policies regarding construction projects,
developing real estate and housing projects and surging foreign investments in
equipment rental market, are further expected to fuel the market in the coming
years.” said Mr. Karan Chechi, Research Director with TechSci Research, a
research based global management consulting firm.
“Saudi Arabia
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 industry.
About TechSci Research
TechSci Research is a leading
global market research firm publishing premium market research reports. Serving
700 global clients with more than 600 premium market research studies, TechSci
Research is serving clients across 11 different industrial verticals. TechSci
Research specializes in research based consulting assignments in high growth
and emerging markets, leading technologies and niche applications. Our
workforce of more than 100 fulltime Analysts and Consultants employing innovative
research solutions and tracking global and country specific high growth markets
helps TechSci clients to lead rather than follow market trends.
Contact
Mr. Ken Mathews
708 Third Avenue,
Manhattan, NY,
New York – 10017
Tel: +1-646-360-1656
Email: [email protected]