#uae construction equipment rental market (2018-2024) construction equipment rental market construction equipment market 6wresearch | Explore Tumblr posts and blogs

6wresearch · 7 years ago

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UAE Construction Equipment Rental Market (2018-2024) Market Forecast By Types of Equipment (Crane (Mobile Crane, Crawler Crane and Tower Crane), Bulldozer, Earth Moving Equipment (Loader (Backhoe Loader, Wheeled Loader and Skid Steer Loader), Excavator (Tracked Excavator, Mini Excavator and Wheeled Excavator), Motor Grader), Material Handling Equipment (Forklift and Telescopic Handler), Dump Trucks, Aerial Work Platform (Articulated Boom Lift, Telescopic Boom Lift and Scissor Lifts)), By Applications (Construction and Others), By Regions (Abu Dhabi, Dubai and Other Emirates) and Competitive Landscape

Growing construction industry on account of strengthening commercial, hospitality and residential sectors in recent years has fueled the demand for construction equipment rental market in UAE. Furthermore, growth in construction sector is expected to come from infrastructure spending for World Expo 2020, which would ultimately boost the construction equipment rental market. Additionally, cranes and earthmoving equipment are likely to dominate the market as these equipment are majorly used at construction sites for excavation and lifting heavy weights. According to 6Wresearch, UAE construction equipment rental market is projected to grow at a CAGR of 3.3% during 2018-24. Purchasing a construction equipment often requires a significant initial investment which could divert a large portion of the capital from the operating costs. In order to avoid buying new equipment and evade maintenance, licensing, taxation and transportation expenses, construction companies in UAE are opting for rental option. Currently, residential, transportation and hospitality sectors accounts for majority of the revenue share in the overall construction equipment rental market followed by industrial and oil & gas sectors.

In UAE, Dubai accounted for the largest revenue share in the country followed by Abu Dhabi and other Emirates. Further, construction projects across the commercial and residential verticals coupled with growing hospitality sector would be the key driving factors behind the growth of construction equipment rental market in the country. Some of the key players in UAE construction equipment rental market are Al Faris, Al Bahar, Johnson Arabia, Byrne equipment rental and Al Mutawa equipment rental. The report thoroughly covers the UAE Construction Equipment Rental market by equipment type, applications and regions. The report provides an unbiased and detailed analysis of the on-going trends, opportunities, high growth areas and market drivers which would help the stakeholders to device and align their market strategies according to the current and future market dynamics.

Key Highlights of the Report: • Historical data of Global Construction Equipment Rental Market Revenues for the Period 2014-2017. • Market Size & Forecast of Global Construction Equipment Rental Market Revenues until 2024. • Historic data of UAE Construction Equipment Rental Market Revenues for the Period 2014-2017. • Market Size & Forecast of UAE Construction Equipment Rental Market Revenues until 2024. • Historic data of UAE Crane Rental Market Revenues, By Types, By Lifting Capacity for the Period 2014-2017. • Market Size & Forecast of UAE Cranes rental Market Revenues, By Types, By Lifting Capacity until 2024. • Historic data of Bulldozer Market Revenues, By Operating Weight for the Period 2014-2017. • Market Size & Forecast of Bulldozer Market Revenues, By Operating Weight until 2024. • Historic data of Earthmoving Equipment Rental Market Revenues By Types, By Engine Power, By Operating Weight for the Period 2014-2017. • Market Size & Forecast of Earthmoving Equipment Rental Market Revenues, By Types, By Engine Power, By Operating Weight until 2024. • Historic data of Material Handling Equipment Rental Market Revenues, By Types, By Lifting Capacity for the Period 2014-2017. • Market Size & Forecast of Material Handling Equipment Rental Market Revenues, By Types, By Lifting Capacity until 2024. • Historic data of Dump Truck Rental Market Revenues, By Operating Weight for the Period 2014-2017. • Market Size & Forecast of Dump Truck Rental Market Revenues, By Operating Weight until 2024. • Historic data of Aerial Work Platform Rental Market Revenues, By Types, By Platform Height for the Period 2014-2017. • Market Size & Forecast of Aerial Work Platform Rental Market Revenues, By Types, By Platform Height until 2024. • Historical data of Construction Equipment Rental Market Revenues, By Applications for the Period 2014-2017. • Market Size & Forecast of Construction Equipment Rental Market Revenues, By Applications until 2024. • Historical data of Construction Equipment Rental Market Revenues, By Regions for the Period 2014-2017. • Market Size & Forecast of Construction Equipment Rental Market Revenues, By Regions until 2024. • Market Drivers and Restraints. • Market Trends and Developments. • Player Market Share and Competitive Landscape. • Company Profiles. • Strategic Recommendations. Markets Covered The report provides detailed analysis of the following market segments: • By Types of Equipment o Crane ■ Mobile Crane ■ Crawler Crane ■ Tower Crane o Bulldozer o Earth Moving Equipment ■ Loader › Backhoe Loader › Wheeled Loader › Skid Steer Loader ■ Excavator › Tracked Excavator › Mini Excavator › Wheeled Excavator ■ Motor Grader o Material Handling Equipment ■ Forklift ■ Telescopic Handler o Dump Trucks o Aerial Work Platform ■ Articulated Boom Lift ■ Telescopic Boom Lift ■ Scissor Lifts • By Applications: o Construction o Others âˆ™ By Regions: o Abu Dhabi o Dubai o Other Emirates

#uae construction equipment rental market (2018-2024) construction equipment rental market construction equipment market 6wresearch

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6wrs-blog · 6 years ago

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Expanding Construction Industry on Account of Upcoming Dubai Expo 2020 Coupled with Government Initiatives such as UAE Vision 2021 Would Surge the UAE Construction Equipment Rental Market By 2024

UAE construction equipment rental market registered substantial growth as a result of increasing construction activities as well as strengthening commercial, hospitality and residential sectors. Construction sector growth is attributed to increased infrastructure spending for World Expo 2020. Further, to avoid the cost of purchasing new equipment and to evade maintenance expenses, construction companies in UAE are opting for renting the equipment. According to 6Wresearch, UAE Construction Equipment Rental Market revenues are projected to grow at a CAGR of 3.3% during 2018-24. Projects such as $37 billion Yas Island Development and $22 billion Masdar City which are expected to be completed by 2025 would increase the demand for construction equipment. Moreover, Dubai overall budget has been increased by nearly 20% for upcoming World Expo 2020 from $13.1 billion (AED 47.31 billion) in 2017 to $15.5 billion (AED 56.6 billion) in 2018. Out of this budget, around 21% was allocated to infrastructure development. With increasing infrastructure spending, the rental equipment market would also witness growth over the coming years.

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According to Ravi Bhandari, Assistant Manager, 6Wresearch, "Earth Moving equipment is the key revenue contributing segment in the UAE construction equipment rental market on account of their high utilization at construction sites" "Other major equipment includes cranes and material handling equipment. The market for these equipment are expected to spur on account of infrastructure development in the country," Ravi further added. According to Vikrant Tomar, Research Associate, Research and Consulting, 6Wresearch, "By regions, Dubai contributes highest revenue share in UAE construction equipment rental market and is projected to maintain its dominance during the forecast period on the back of massive investment in hospitality and transportation sectors under Dubai's tourism vision 2020. "With leading players enlarging their fleets with new and innovative products, the market for construction equipment rental would grow over the next six years," Vikrant further added. Some of the major companies in UAE Construction Equipment Rental Market include- Mohammed Abdulrahman Al- Bahar, Al Faris Equipment Rentals LLC, Al Mutawa, and Al Jaber Leasing Service LLC. "UAE Construction Equipment Rental Market (2014-2024)" provides in-depth analysis with 81 figures and 59 tables covered in more than 190 pages. The report estimates and forecast the overall UAE Construction Equipment Rental market by revenues, equipment types, applications such as construction and others as well as regions. The report also offer insights on competitive landscape, company profiles, market drivers and restraints.

For more details visit@ https://www.6wresearch.com/market-reports/uae-construction-equipment-rental-market-2018-2024-forecast-by-types-crane-bulldozer-earth-moving-loader-excavator-applications-competitive-landscape-regions.html

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