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GCC Equipment Rental Market Size, Share, Trends, Forecast: By Equipment Category: Power Generation, Temporary Buildings, Hoist and Access, Air and Steam, Cargo Containers, Climate Control, Mobile Lighting, Welding Machines, Material Handling, Others; By End Use; Regional Analysis; Competitive Landscape; 2024-2032
GCC Equipment Rental Market Outlook
The GCC equipment rental market size is projected to grow at a CAGR of 6.50% between 2024 and 2032. The market is driven by the increasing construction activities and the rising industrial infrastructure development in the region.
Key Trends in the Market
Equipment rental refers to the renting and leasing of machinery, tools, vehicles, or other equipment for a specific period. The equipment is typically used to complete a task or meet a temporary need. It is an alternative to purchasing and owning equipment, and it provides several advantages to businesses and individuals.
- One of the primary factors enabling the GCC equipment rental market growth is the surge in infrastructure development and construction. The region has been investing heavily in the construction of airports, roads, bridges, stadiums, hotels, and residential complexes. These projects require a wide range of heavy machinery and equipment, ranging from cranes and excavators to bulldozers and concrete mixers.
- The countries in the Gulf Cooperation Council (GCC) lead the worldwide oil and gas production. The increasing investment in the expansion and modernisation of their oil and gas infrastructure is expected to create a surge in the requirement for leasing or renting specialised equipment, such as drilling rigs, compressors, and generators.
- One of the major GCC equipment rental market trends is the growing focus on the adoption of technologies such as the Internet of Things (IoT) among equipment rental providers to enhance operations and customer experiences. These technologies are integrated into rental equipment to provide real-time data on performance, maintenance needs, and location tracking, improving equipment management and efficiency.
Market Analysis
Based on equipment category, the market can be segmented into power generation, temporary buildings, hoist and access, air and steam, cargo containers, climate control, mobile lighting, welding machines, and material handling, among others. The GCC equipment rental market segmentation, based on end use, includes telecom, BFSI, mining, oil and gas, construction, manufacturing, and agriculture, among others. The regional markets for equipment rental in the GCC are Saudi Arabia, the United Arab Emirates, Kuwait, Oman, Qatar, and Bahrain, among others.
The comprehensive EMR report provides an in-depth assessment of the market based on Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the GCC equipment rental market, covering their competitive landscape and the latest developments like mergers, acquisitions, investments, and expansion plans.
- Aggreko Middle East Ltd.
- Byrne Equipment Rental LLC
- Rental Solutions & Service LLC
- SES Smart Energy Solutions FZCO
- KPS Power Generation
- Saudi Diesel Equipment Co Ltd
- Almar Container Saudi Company Limited
- Neeraan International
- Others
Market Share by Category
Power generation equipment is expected to account for a major portion of the GCC equipment rental market share over the coming years. Power generation equipment rental refers to the practice of renting various types of power generation equipment, such as generators, transformers, and related machinery, for temporary or short-term use. This service is particularly valuable in situations where a reliable source of electrical power is needed and with the increasing infrastructural development plans in the region, the demand for such equipment is expected to remain high in the forecast period.
Market Share by Region
According to the GCC equipment rental market analysis, the United Arab Emirates is likely to show rapid growth during the forecast period. The United Arab Emirates is experiencing rapid infrastructural development owing to the large amount of capital available in the country. Moreover, due to the growing population in the country, the government has launched multiple plans for the development of transportation and road infrastructure, providing opportunities for the growth of the market.
Competitive Landscape
Aggreko Middle East Ltd. is a subsidiary of Aggreko plc, a global leader in temporary power generation and temperature control solutions. Aggreko provides services to a wide range of industries, including events, utilities, manufacturing, oil and gas, construction, and more. The company operates with a focus on enabling a transition shift towards sustainability.
Byrne Equipment Rental LLC is one of the leading equipment rental companies in the Gulf. The company is based in the United Arab Emirates and provides a wide range of equipment and machinery on a rental basis. Its offerings cover various industries, including construction, oil and gas, events, infrastructure, and manufacturing.
Rental Solutions & Service LLC is a rental equipment and services company based in the United Arab Emirates (UAE). The head office of the company is located in Dubai, and it offers a diverse range of equipment and machinery to various industries, including construction, oil and gas, events, manufacturing, and infrastructure.
Other GCC equipment rental market players include SES Smart Energy Solutions FZCO, KPS Power Generation, Saudi Diesel Equipment Co Ltd, Almar Container Saudi Company Limited, and Neeraan International., among others.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
|
| Breakup by Equipment Category |
|
| Breakup by End Use |
|
| Breakup by Region |
|
| Market Dynamics |
|
| Competitive Landscape |
|
| Companies Covered |
|
*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
7 Opportunities and Challenges in the Market
8 GCC Equipment Rental Market Overview
8.1 Key Industry Highlights
8.2 GCC Equipment Rental Historical Market (2018-2023)
8.3 GCC Equipment Rental Market Forecast (2024-2032)
9 GCC Equipment Rental Market by Equipment Category
9.1 Power Generation
9.1.1 Historical Trend (2018-2023)
9.1.2 Forecast Trend (2024-2032)
9.2 Temporary Buildings
9.2.1 Historical Trend (2018-2023)
9.2.2 Forecast Trend (2024-2032)
9.3 Hoist and Access
9.3.1 Historical Trend (2018-2023)
9.3.2 Forecast Trend (2024-2032)
9.4 Air and Steam
9.4.1 Historical Trend (2018-2023)
9.4.2 Forecast Trend (2024-2032)
9.5 Cargo Containers
9.5.1 Historical Trend (2018-2023)
9.5.2 Forecast Trend (2024-2032)
9.6 Climate Control
9.6.1 Historical Trend (2018-2023)
9.6.2 Forecast Trend (2024-2032)
9.7 Mobile Lighting
9.7.1 Historical Trend (2018-2023)
9.7.2 Forecast Trend (2024-2032)
9.8 Welding Machines
9.8.1 Historical Trend (2018-2023)
9.8.2 Forecast Trend (2024-2032)
9.9 Material Handling
9.9.1 Historical Trend (2018-2023)
9.9.2 Forecast Trend (2024-2032)
9.10 Others
10 GCC Equipment Rental Market by End Use
10.1 Telecom
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 BFSI
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 Mining
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
10.4 Oil and Gas
10.4.1 Historical Trend (2018-2023)
10.4.2 Forecast Trend (2024-2032)
10.5 Construction
10.5.1 Historical Trend (2018-2023)
10.5.2 Forecast Trend (2024-2032)
10.6 Manufacturing
10.6.1 Historical Trend (2018-2023)
10.6.2 Forecast Trend (2024-2032)
10.7 Agriculture
10.7.1 Historical Trend (2018-2023)
10.7.2 Forecast Trend (2024-2032)
10.8 Others
11 GCC Equipment Rental Market by Country
11.1 Saudi Arabia
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 United Arab Emirates
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 Kuwait
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 Oman
11.4.1 Historical Trend (2018-2023)
11.4.2 Forecast Trend (2024-2032)
11.5 Qatar
11.5.1 Historical Trend (2018-2023)
11.5.2 Forecast Trend (2024-2032)
11.6 Bahrain
11.6.1 Historical Trend (2018-2023)
11.6.2 Forecast Trend (2024-2032)
11.7 Others
12 Market Dynamics
12.1 SWOT Analysis
12.1.1 Strengths
12.1.2 Weaknesses
12.1.3 Opportunities
12.1.4 Threats
12.2 Porter’s Five Forces Analysis
12.2.1 Supplier’s Power
12.2.2 Buyer’s Power
12.2.3 Threat of New Entrants
12.2.4 Degree of Rivalry
12.2.5 Threat of Substitutes
12.3 Key Indicators for Demand
12.4 Key Indicators for Price
13 Competitive Landscape
13.1 Market Structure
13.2 Company Profiles
13.2.1 Aggreko Middle East Ltd.
13.2.1.1 Company Overview
13.2.1.2 Product Portfolio
13.2.1.3 Demographic Reach and Achievements
13.2.1.4 Certifications
13.2.2 Byrne Equipment Rental LLC
13.2.2.1 Company Overview
13.2.2.2 Product Portfolio
13.2.2.3 Demographic Reach and Achievements
13.2.2.4 Certifications
13.2.3 Rental Solutions & Service LLC
13.2.3.1 Company Overview
13.2.3.2 Product Portfolio
13.2.3.3 Demographic Reach and Achievements
13.2.3.4 Certifications
13.2.4 SES Smart Energy Solutions FZCO
13.2.4.1 Company Overview
13.2.4.2 Product Portfolio
13.2.4.3 Demographic Reach and Achievements
13.2.4.4 Certifications
13.2.5 KPS Power Generation
13.2.5.1 Company Overview
13.2.5.2 Product Portfolio
13.2.5.3 Demographic Reach and Achievements
13.2.5.4 Certifications
13.2.6 Saudi Diesel Equipment Co Ltd
13.2.6.1 Company Overview
13.2.6.2 Product Portfolio
13.2.6.3 Demographic Reach and Achievements
13.2.6.4 Certifications
13.2.7 Almar Container Saudi Company Limited
13.2.7.1 Company Overview
13.2.7.2 Product Portfolio
13.2.7.3 Demographic Reach and Achievements
13.2.7.4 Certifications
13.2.8 Neeraan International
13.2.8.1 Company Overview
13.2.8.2 Product Portfolio
13.2.8.3 Demographic Reach and Achievements
13.2.8.4 Certifications
13.2.9 Others
14 Key Trends and Developments in the Market
List of Key Figures and Tables
1. GCC Equipment Rental Market: Key Industry Highlights, 2018 and 2032
2. GCC Equipment Rental Historical Market: Breakup by Equipment Category (USD Million), 2018-2023
3. GCC Equipment Rental Market Forecast: Breakup by Equipment Category (USD Million), 2024-2032
4. GCC Equipment Rental Historical Market: Breakup by End Use (USD Million), 2018-2023
5. GCC Equipment Rental Market Forecast: Breakup by End Use (USD Million), 2024-2032
6. GCC Equipment Rental Historical Market: Breakup by Country (USD Million), 2018-2023
7. GCC Equipment Rental Market Forecast: Breakup by Country (USD Million), 2024-2032
8. GCC Equipment Rental Market Structure
Key Questions Answered in the Report
The market is projected to grow at a CAGR of 6.50% between 2024 and 2032.
The market is driven by the growing construction activities to accommodate the rising population and the expanding oil and gas sector infrastructure.
The growing adoption of technology such as the Internet of Things (IoT) and the rapid public infrastructure development in different countries are guiding the market.
The major regional markets for equipment rental in the Gulf are Saudi Arabia, the United Arab Emirates, Kuwait, Oman, Qatar, and Bahrain, among others.
The different end-uses are telecom, BFSI, mining, oil and gas, construction, manufacturing, and agriculture, among others.
The various equipment categories include power generation, temporary buildings, hoist and access, air and steam, cargo containers, climate control, mobile lighting, welding machines, and material handling, among others.
Renting equipment is considered more cost-effective than buying new equipment as the value of the product does not depreciate over time.
The key players in the market include Aggreko Middle East Ltd., Byrne Equipment Rental LLC, Rental Solutions & Service LLC, SES Smart Energy Solutions FZCO, KPS Power Generation, Saudi Diesel Equipment Co Ltd, Almar Container Saudi Company Limited, and Neeraan International., among others.
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