UAE Construction Equipment Rental Market to cross USD 22.25 Million 2025

According to TechSci Research report, “UAE Construction Equipment Rental Market By Equipment Type (Crane, Diesel Generator, Excavator, Wheel Loader, Bulldozer, Motor Grader, Telescopic Handler, Forklifts, Trucks, Manlifts, Others), Competition Forecast & Opportunities, 2015-2025”, construction equipment rental market in the UAE was valued USD 17.06 Million in 2019 and is forecast to grow at CAGR of over 6% during the next five years, owing to the surge in development in the country’s infrastructure comprising of residential and commercial sectors. Due to high purchasing cost of construction equipment, construction companies rather than investing huge capital on buying prefer procuring equipment on rent basis. Additionally, various major ongoing and upcoming projects such as The Palm Tower, Jewel of the Creek, Al Manhal development, Sheikh Zayed Bridge, etc., and several tourism attraction events in UAE are expected to propel the hotel construction business which is expected to boost the UAE construction rental market.