Anticipated
stabilization of political scenario coupled with bullish outlook for construction
and infrastructure sectors to proliferate construction equipment rental market in
Egypt through 2022
According
to TechSci Research report, “Egypt
Construction Equipment Rental Market By Equipment Type, Competition Forecast &
Opportunities, 2022”, equipment
rental market in Egypt is projected to reach $ 821 million by 2022. On account of consistent growth
in public and private infrastructure development projects, surge in the country’s
construction equipment rental market is anticipated during the forecast period.
Moreover, due to brisk growth in construction sector, a large number of
construction companies require various equipment but they don’t buy them due to
their high acquisition cost, instead many companies hire them on rent for the
specified period of time.
Browse 43 Figures spread through 120 Pages and an in-depth TOC on "Egypt Construction Equipment Rental Market" https://www.techsciresearch.com/report/egypt-construction-equipment-rental-market/1433.html
In 2016, crane dominated the Egypt construction equipment rental market
and the segment is expected to lead the market during the forecast period as
well, owing to its use across residential/commercial set-ups, especially for
high-rise building construction in the country. Moreover, crane usage in construction
equipment rental industry is extensive as they are not only used in the initial
phase of a construction project but till the time the project is completed. Nevertheless,
the bulldozer segment is anticipated to exhibit the fastest growth over the
course of next five years. ‘Alexandria, Delta, Suez Canal, Greater Cairo &
Upper North’ Region is
expected to dominate the Egypt construction equipment rental market owing to
many construction projects, such as Great Cairo metro line, Suez Canal
Development Project – Dredging, expansion of east port, etc.
Big Rental, Adrighem & Al Dibiki, and Magic-Rent are few of the leading players operating in the construction equipment rental market. However, market consists of many unorganized players engaged in providing equipment rental services. It has been anticipated that in coming years, many players will foray in the market due to increase in the construction projects. JCB, Tadano, Liebherr, Caterpillar, Grove, etc., are the major equipment brands offered by many rental companies through customized rental agreements in Egypt.
Customers can also request for 10% free customization
on this report.
“With increasing
government expenditure, growing investment by many companies in Egypt and rise
in number of construction projects, the country’s construction rental market is
likely to grow during the forecast period. Moreover, favorable government
policies regarding construction projects, developing real estate and housing projects and
surging foreign investments in equipment rental market, are anticipated to fuel
the market in the coming years.” said Mr. Karan Chechi, Research Director with
TechSci Research, a research based global management consulting firm.
“Egypt Construction Equipment Rental Market By Equipment Type Competition Forecast & Opportunities, 2022” has analyzed the potential of construction
equipment rental market in Egypt, and provides statistics and information on
market sizes, shares and trends. The report will suffice in providing the
intending clients with cutting-edge market intelligence and help them in taking
sound investment decisions. Besides, the report also identifies and analyzes
emerging trends along with essential drivers and key challenges faced by the
industry.
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