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2019-06-18
165
Bahrain
Market Overview
From bulldozers to excavators to dump trucks, the construction sites are swarming with huge, costly equipment for the business. With new regulations and technology innovations on construction equipment, a lot of construction enterprises are renting the construction equipment they need instead of purchasing it. Further, huge construction projects in Bahrain are the major growth driver for the Bahrain construction equipment rental industry. In real terms, the Bahrain construction industry's output developed by 6.4% in 2016, ensuing an average annual growth of 5.2% during the previous four years. This growth can be accredited to encouraging macroeconomic conditions, developments in business confidence and consumer demand, and public and private sector investment in infrastructure and residential construction projects, leading to an growth in demand for the Bahraini construction industry. Additionally, operation, transportation servicing requirements are reduced many folds. These are the major factors that are most likely to fuel the demand for the construction equipment rental market in the coming years.
Goldstein Research analyst forecast Bahrain construction equipment rental market is likely to thrive with the emergence of new technologies and new construction projects. Further, the construction equipment rental market is expected to expand at a CAGR of 7.1% over the forecast period as the new market players and new construction projects in the region will boost the growth of Bahrain construction equipment rental market.
Bahrain Construction Equipment Rental Market Segmentation
By Equipment Type
Based on types of equipment type, earthmoving machinery acquired the lion share of more than 61% construction equipment rental market. Further, growing construction projects in Middles East, particularly in GCC region coupled with partnership of construction companies with equipment manufacturers the market is likely to grow at significant pace over the forecast period.
By Services Type
The report covers the present ground scenario and the future growth prospects of the Construction Equipment Rental for 2017-2025 along with the market players’ analysis. We calculated the market size and revenue share on the basis of revenue generated from major players in all major regions. Bahrain Construction Equipment Rental market is forecasted on the basis of revenue analysis, product benchmarking and strategic developments of key market players.
Bahrain Construction Equipment Rental Market Outlook 2017-2025, has been prepared based on an in-depth market analysis from industry experts. The report covers the competitive landscape and current position of major players in the Bahrain Construction Equipment Rental market space. The report also includes porter’s five force model, SWOT analysis, company profiling, business strategies of market players and their business models. “Bahrain Construction Equipment Rental Industry Analysis” also recognizes value chain analysis to understand the cost differentiation, pricing models to provide competitive advantage to the existing and new entry players.
Our Bahrain Construction Equipment Rental Market Report comprises of the following companies as the key players: Byrne Equipment Rental Solutions, Hertz, Loxam Group, Neff Rental., Sunbelt, United Rentals, Ashtead, Komatsu, H&E Equipment Services, Zeppelin Rental, Nishio Rent All, AMECO, Ahern Rentals, Hitachi Construction Machinery Japan, Kanamoto Co., Ltd. and Ramirent.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
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Key Questions Answered In This Bahrain Construction Equipment Rental Market Report
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