The recent analytical report published by Markntel Advisors (a leading consulting, data analytics, and market research firm), Market comprises a detailed study of critical and major aspects of market dynamics, i.e. market trends, size, forecasts, growth factors, challenges, and competitor landscape.
In-Depth Market Overview of UAE Construction Equipment Rental Market (2022-2027):
According to the latest report, the UAE Construction Equipment Rental Market is projected to grow at a CAGR of less than 5% during the forecast period, i.e., 2022-27. The report demonstrates the prominent factors propelling the exponential growth of the UAE Construction Equipment Rental Market.
Key Takeaways: Beneficial for Stakeholders and Clients
- Historic Period: 2017-2020
- Base year: 2021
- Forecast Years: 2022-2027
- CAGR (2022-27): 5%
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What are the major Driver the UAE Construction Equipment Rental industry?
Advancements in Construction Equipment- The quick advent of technologies in construction equipment is introducing new features in the machinery and enabling efficiency & quicker construction operations. Hence, the demand for advanced equipment is escalating swiftly for rentals & generating growth opportunities for the leading players in the UAE Construction Equipment Rental Market to attract contractors in the competitive industry and drive the market in the coming years.
Moreover, the expanding scalability of equipment rental service providers across remote locations in the UAE is instigating contractors to rent the construction equipment and thus contribute to the overall market growth during 2022-27.
UAE Construction Equipment Rental Market Segmentation
The UAE Construction Equipment Rental Market analysis of MarkNtel Advisors explores the industry by emphasizing the growth parameters and categorizes including geographical segmentation, to offer a comprehensive understanding of the market dynamic. The further bifurcations are as follows:
- By Type of Equipment
- Earth Moving Equipment
- Construction Vehicle
- Material Handling Equipment
- Other Construction and Tunneling Equipment
- By Region
- Abu Dhabi & Al Ain
- Dubai
- Sharjah & Northern Region
As per the regional aspect, the UAE Construction Equipment Rental Market is expected to be dominated by the Dubai by capturing the potential market share.
Explore further details about this research report-
https://www.marknteladvisors.com/research-library/uae-construction-equipment-rental-market.html
Top Companies in the UAE Construction Equipment Rental Market
Al Mutawa Heavy Equipment, Mohamed Abdulrahman Al-Bahar, Al Faris, Johnson Arabia, Byrne Rental, Al Shola Rental, Yellow Cat Heavy Equipment, Aggreko, Tanzeem Heavy Equipment Rental, Gallagher International
Recent Developments by UAE Construction Equipment Rental Market
Due to the significant growth prospects of the UAE Construction Equipment Rental Market through 2027, several leading players are actively working toward expanding their product portfolio and strengthening their scalability across the UAE. For instance:
- In August 2021, Al Faris Group extended its machinery fleet from Faymonville and added new 8-axle low loaders to function on different terrains, difficult sites, & platforms.
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