UAE Construction Equipment Rental Market (2018-2024) | Trends, Outlook, Industry, Analysis, Size, Forecast, Growth, Share, Revenue, Value & Segmentation

Latest (2023) Development of the UAE Construction Equipment Rental Market

UAE Construction Equipment Rental Market witnessed many changes with companies introducing modern and advanced technologies like Al-Bahar introducing next generation Cat equipment. The introduction of spider cranes also eases the working of the construction market. Modern compact wheel loaders featured high technology. These machines have built-in environmental benefits such as low emissions and many parts can be recycled. A hydraulic Backhoe loader enhances the lifting capabilities.

Mergers and Acquisitions:

• Hyundai Construction acquired Doosan Infracore on August 19, 2021
• GFL acquired WCA on September 02, 2020.

UAE Construction Equipment Rental Market Synopsis 

The growing construction industry on account of the strengthening commercial, hospitality, and residential sectors in recent years has fueled the demand for the construction equipment rental market in UAE. Furthermore, growth in the 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 heavyweights.

According to 6Wresearch, the UAE construction equipment rental market size is projected to grow at a CAGR of 3.3% during 2018-2024. Purchasing a piece of 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 options. Currently, residential, transportation and hospitality sectors account for the majority of the revenue share in the overall construction equipment rental market followed by the industrial and oil & gas sectors.

In the UAE, Dubai accounted for the largest revenue share in the UAE construction equipment rental market share followed by Abu Dhabi and other Emirates. Further, construction projects across the commercial and residential verticals coupled with the growing hospitality sector would be the key driving factors behind the growth of the UAE construction equipment rental market. Some of the key players in the UAE construction equipment rental market are Al Faris, Al Bahar, Johnson Arabia, Byrne equipment rental, and Al-Mutawa equipment rental.

The UAE construction equipment rental market report thoroughly covers the UAE Construction Equipment Rental market by equipment type, applications, and regions. The UAE construction equipment rental market outlook report provides an unbiased and detailed analysis of the UAE construction equipment rental market trends, opportunities, high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.

UAE Construction Equipment Rental Market is the substantial take growth having different activities and the strengthening of the different sectors such as hospitality, commercial and residential sectors. UAE now a day gives equipment on the rent to avoid the cost of purchasing the equipment. UAE construction equipment has key players AL FARIS, Byrne Equipment, and Johnson Arabia.  The UAE Construction Equipment Rental market increasing construction activities such as the commercial, residential sectors, and hospitality sectors. In UAE construction Equipment rental market grows more to increase the infrastructure spent on World Expo. In the UAE to avoid the expense of buying new equipment related to construction equipment rental, they opt for renting the equipment to maintain the expenses.  According to the research, the UAE construction equipment rental market going to grow high in the upcoming years. In order to avoid buying new equipment and evade transportation, taxation, licensing, and maintenance. Currently, the major revenue-generating is from the residential area and from the hospitality sector overall construction equipment rental market.  

UAE Construction Equipment Rental market according to the research conducted on the construction equipment rental primary research surveys including primary calls, and e-mail responses to the identified companies. While conducting interviews respondents were asked by the user and discuss the major competitor. By doing secondarily researchable to identify many companies. UAE Construction Equipment Company generated revenue from different equipment such as motor graders, diesel generators, wheel loader, and cranes) this equipment is used for the record prepared and used to forecast the future. The UAE Construction Equipment Rental market uses the bottom-up technique.  UAE construction equipment rental market analyzing the historical data to increase the market size. The UAE construction equipment rental market is expected to gain propulsion in the upcoming six years on the back of increased growth of the construction industry coupled with measures of the industrialists to avoid high purchase costs of the construction equipment and efforts to evade the maintenance costs of the construction equipment machinery. UAE is exposed to potential construction backed by a number of upcoming events such as the Dubai Expo along with increased investments for the construction of shopping malls and complexes owing to growth in the tourist arrivals in the country. This potential growth of the construction industry in the country is anticipated to benefit the UAE construction equipment rental market and garner significant revenues in the upcoming six years.

The UAE Construction Equipment Rental market is estimated to find its true potential underpinned by the rising ongoing construction such as Heart of Sharjah is likely to instigate the demand for construction equipment. Additionally, the increase in trade in the country where the top exports category products are crude oil, mineral products, and machinery and the top countries are India, china united States is estimated to boost the demand for cranes to load and unload cartons and this is estimated to contribute the growth of the UAE Construction Equipment Rental market in the years ahead.

Key Highlights of the Report:

• UAE Construction Equipment Rental Market Overview
• UAE Construction Equipment Rental Market Outlook
• UAE Construction Equipment Rental Market Forecast
• 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.
• UAE Construction Equipment Rental Market Size and UAE Construction Equipment Rental Market Forecast of 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 UAE 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.
• UAE Construction Equipment Rental Market Trends and Developments.
• UAE Construction Equipment Rental Market Share by Players
• UAE Construction Equipment Rental Market Overview on Competitive Landscape.
• Company Profiles.
• Strategic Recommendations.

Markets Covered

The UAE construction equipment rental market report provides a detailed analysis of the following market segments:

By Types of Equipment

• Crane
  
  • Mobile Crane
  • Crawler Crane
  • Tower Crane
  •  
• Bulldozer
• Earth Moving Equipment
  • Loader
         › Backhoe Loader
         › Wheeled Loader
         › Skid Steer Loader
  • Excavator
          › Tracked Excavator
          › Mini Excavator
          › Wheeled Excavator
  • Motor Grader
• Material Handling Equipment
  ■ Forklift
   ■ Telescopic Handler
      o Dump Trucks
      o Aerial Work Platform
                ■ Articulated Boom Lift
                ■ Telescopic Boom Lift
                ■ Scissor Lifts 

By Applications

• Construction
• Others

• By Regions

• Abu Dhabi
• Dubai
• The Other Emirates

Frequently Asked Questions About the Market Study (FAQs):