DUBLIN--(BUSINESS WIRE )--The "Saudi Arabia Construction Equipment Rental Market, By Equipment Type (Dump Truck, Diesel Genset, Crane, Wheel Loader, Excavator, Bulldozer, Motor Grader, Telescopic Handler and Others), By Region, By Province, Competition, Forecast & Opportunities, 2016-2026F" report has been added to ResearchAndMarkets.com's offering.

The Saudi Arabian Construction Equipment Rental Market stood at USD1419.71 million in 2020 and is expected to grow at a CAGR of around 6.85% to reach USD2166.66 million by 2026. Increasing investments in housing projects by government authorities, rising efforts to reduce the dependence on the oil & gas industry, and ongoing technological advancements are driving the growth of the Saudi Arabian Construction Equipment Rental Market in the forecast period.

Increased government spending on infrastructure development and construction activities to boost the country's economy and create an alternate revenue source for the country is bolstering the pace of construction activities in the country. The high initial cost required for purchasing the construction equipment makes the contractors and construction companies opt for rental services to fulfill their demands. Renting construction equipment eliminates the maintenance costs and the need to invest in technological upgradation of the construction equipment, which is one of the major reasons for the high demand of the construction equipment rental market.

The surge in the number of market players offering rental services and intense competition among them makes the market players take measures to stay ahead. The adoption of telematics and automation technology by construction equipment manufacturing companies is aiding in making the products more efficient and advanced.

Market players are shifting to online platforms to expand their consumer base and make their services accessible to a larger audience is expected to boost the growth of the Saudi Arabian Construction Equipment Rental Market in the forecast period. However, fluctuations in raw material prices may hinder the growth of the market in the forecast period.

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

Company Profiles: Detailed analysis of the major companies present in the Saudi Arabian Construction Equipment Rental Market.

With the given market data, the publisher offers customizations according to a company's specific needs.

4. Impact of COVID-19 on Saudi Arabia Construction Equipment Rental Market

6. Saudi Arabia Construction Equipment Rental Market Outlook

7. Saudi Arabia Dump Truck Market Outlook

8. Saudi Arabia Diesel Genset Rental Market Outlook

9. Saudi Arabia Crane Rental Market Outlook

10. Saudi Arabia Wheel Loader Rental Market Outlook

10. Saudi Arabia Excavator Rental Market Outlook

11. Saudi Arabia Bulldozer Rental Market Outlook

12. Saudi Arabia Motor Grader Rental Market Outlook

13. Saudi Arabia Telescopic Handler Rental Market Outlook

For more information about this report visit https://www.researchandmarkets.com/r/xevn1w

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

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