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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.
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.
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.
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.
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.
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.
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:
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Breakup by Equipment Category |
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Breakup by End Use |
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Breakup by Region |
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Market Dynamics |
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Competitive Landscape |
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Companies Covered |
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*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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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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