Saudi Arabia’s earthmoving equipment rental market is projected to grow at a compound annual growth rate of 12.3 percent from 2015 to 2021, according to a report by Research and Markets. The report says the high cost of equipment growth in public and private infrastructures, demand in the mining industry and the ease of availability of equipment on rent have fueled Saudi Arabia’s earthmoving rental market.
The report is titled: Equipment Rental (Excavators, Loaders and Construction Tractors) Market 2015-2021. The continuous growth in the construction industry coupled with surging government expenditure has further driven the growth of the market, the report adds, with excavator and construction tractors being the key revenue-generating segments. Growth in construction in the hospitality sector, the IT sector, public and infrastructure spending has also spurred the earthmoving equipment rental business.
The report covers the market by earthmoving equipment rental types, by verticals and by regions, providing a detailed analysis of ongoing trends, opportunities, high growth areas and market drivers that would help stakeholders align market strategies according to current and future market dynamics, the company said.
Key topics include a global earthmoving equipment rental market overview; Saudi Arabia earthmoving equipment rental market dynamics and trends; overviews of the excavator, loader, tractor and motor grader rental markets and more. The report profiles rental companies such as Al Reyami Construction Equipment Rental, Hertz Dayim Equipment Rental Corp., Al Shuwayer Group, Arabtec Construction Machinery, Bin Quraya, FAMCO, Zahid Tractor & Heavy Machinery and other major players.
For more information or to order a copy of the report, visit: http://www.researchandmarkets.com/research/m84blr/saudi_arabia
