DUBLIN--(BUSINESS WIRE )--The "Saudi Arabia Construction Equipment Rental Market, By Equipment Type (Wheel Loader, Crane, Excavator, Bulldozer, Dump Truck, Diesel Genset, Motor Grader and Telescopic Handler, Others), By Region, By Province, Competition, Forecast and Opportunities, 2017-2028" report has been added to ResearchAndMarkets.com's offering.
The Saudi Arabian Construction Equipment Rental Market is expected to grow at a steady CAGR of 7.57% to reach a value of USD2395.33 million by 2027. Factors such as favorable government policies and the rise in infrastructure developments are the primary drivers for the Saudi Arabian Construction Equipment Rental Market. Also, the changing preference of end-users towards the adoption of rental construction equipment services owing to their enhanced affordability and easy availability are expected to play a crucial role in accelerating the market demand over the forecast period.
Saudi Arabia is majorly dependent on the oil & gas industry for revenue generation. The government is trying to reduce its dependency on the oil & gas industry and diversify its income sources by launching mega-budget plans like the Saudi Vision 2030 National Transformation Program.
To achieve the targets set by the leading authorities, the government is promoting infrastructural development in the country. Several projects launched by the government, including the Red Sea Tourism Project, Qiddiya entertainment city, and Riyadh Metro, are expected to boost the demand for construction equipment rental services over the forecast period. The ongoing infrastructure development activities are supported by National Infrastructure Fund (NIF) in 2021 with an aim to attract private investment and partnerships in the country.
In this report, the Saudi Arabian Construction Equipment Rental Market has been segmented into following categories, in addition to the industry trends which have also been detailed below:
Saudi Arabia Construction Equipment Rental Market, By Equipment Type:
Saudi Arabia Construction Equipment Rental Market, By Region:
Saudi Arabia Construction Equipment Rental Market, By Province:
4. Impact of COVID-19 on Saudi Arabia Construction Equipment Rental Market
6. Saudi Arabia Construction Equipment Rental Market Outlook
7. Saudi Arabia Wheel Loader Rental Market Outlook
8. Saudi Arabia Crane Rental Market Outlook
9. Saudi Arabia Excavator Rental Market Outlook
10. Saudi Arabia Bulldozer Rental Market Outlook
11. Saudi Arabia Dump Truck Rental Market Outlook
12. Saudi Arabia Diesel Genset Rental Market Outlook
13. Saudi Arabia Motor Grader Rental Market Outlook
14. Saudi Arabia Telescopic Handler Rental Market Outlook
24. About the Publisher & Disclaimer
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ResearchAndMarkets.com Laura Wood, Senior Press Manager press@researchandmarkets.com For E.S.T Office Hours Call 1-917-300-0470 For U.S./CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900