UAE Construction Equipment Rental Market witnessed many changes like companies are introducing modern and advanced technologies and 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.
According to 6Wresearch, the UAE construction equipment rental market size is projected to grow at a CAGR of 3.3% during 2018-24. 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, the 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.
UAE Construction Equipment Rental market according to the research conducted on the construction equipment rental primary research surveys including primary calls, 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 loaders, and cranes) this equipment is used for the record prepared and used to forecast the future. The UAE construction equipment 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 the 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.
Key Highlights of the Report:
- UAE Construction Equipment Rental Market Overview
- UAE Construction Equipment Rental Market Outlook
- UAE Construction Equipment Rental Market Forecast
- Market Size & Forecast of Bulldozer Market Revenues, By Operating Weight 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.
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