According to a report by TechSci Research titled “Qatar Crane Rental Market – By Region, Competition, Forecast & Opportunities, 2017-2027,” the Qatar crane rental market reached USD 110.55 million in 2021 and is expected to grow at a CAGR of 10.01% to reach USD 206.05 million by 2027. The growth of the construction sector, spurred by rapid urbanization and industrialization, is anticipated to increase infrastructure development, leading to a rise in demand for crane rental services in the country. Factors such as increased government spending on infrastructure, growing number of construction projects, expansion of railway lines, transformation of airports, and rising foreign direct investments in industrial and commercial sectors have been driving the growth of the Qatar Crane Rental Market in recent years. The Qatar National Vision 2030, aimed at achieving economic, social, human, and environmental development, is also a significant contributor to the growth of infrastructure development in the country.
In the future, Qatar is expected to attract more foreign direct investments due to its stable government, stable currency tied to the US dollar, good infrastructure, and low corporate tax rates, particularly with the hosting of the FIFA 2022 World Cup. Consequently, the growth in foreign direct investment is projected to increase construction activities, leading to an increase in demand for the Qatar Crane Rental Market.
Various government initiatives towards the upcoming FIFA World Cup 2022 and Qatar National Vision 2030, including the construction of roads, modernization of airports and ports, malls, and new rail and metro lines, are likely to spur the demand for the Qatar Rental Crane Market during the forecast period.
Browse over 18 market data Figures spread through 81 Pages and an in-depth TOC on “ Qatar Crane Rental Market “- https://www.techsciresearch.com/report/qatar-crane-rental-market/12906.html
The Qatar Crane Rental market comprises segments based on type, end use, weightlifting capacity, and region. The market is divided into fixed and mobile cranes based on type, with mobile cranes holding a dominant market share of 56.57% in 2021 due to their mobility advantage. This dominance is expected to increase further during the forecast period, as companies/contractors can rent mobile cranes and use them in multiple locations, reducing operational costs. In addition, most mobile cranes are heavy-duty road vehicles that can transport heavy materials between sites.
The market is segmented based on end use into building & construction, mining & quarrying, oil & gas, transportation & logistics, and others. Oil & gas holds the largest market share of 41.61% in 2021 and is expected to see an increase in market share due to the country’s heavy investments in the sector. Qatar Petroleum, a government-owned company founded in 1974, controls the entire oil and gas business in Qatar, and the oil and gas industry is the backbone of Qatar’s economy. The Qatari government is also working to improve the production capacity of liquefied natural gas (LNG), as a major portion of the GDP depends on oil and gas and related industrial activity.
Major market players operating in the Qatar Crane Rental market are:
- Bothar Boring & Tunnelling Operations
- Aryan Cranes and Heavy Equipment W.L.L
- United Equipment Group
- Aertssen Machinery Services W.L.L
- Qatar Al-Attiyah International Group
- Oriental Trading Co. Ltd
- Dutest Qatar W.L.L
- Al Fadal Transport & Trading Co.
- Mediterranean Equipment and Contracting Co.
- Autolink International Trading & Equipment Rental W.L.L
- Arabia House International Transport Est.
- Group Nine Joint Venture Trading & Contracting
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“Doha dominated the Qatar Cranes Rental Market in 2021 with a market share of 39.00% and is expected to further influence the market during the forecast period given its large market size and presence of major companies. Some of the biggest companies in the Qatar Crane Rental Market, such as Bothar Boring & Tunnelling Operations, Aryan Cranes and Heavy Equipment W.L.L, United Equipment Group, and Aertssen Machinery Services WLL, have their headquarters in the Doha region, depicting a strong base of rental cranes in this region.“said Mr. Karan Chechi, Research Director with TechSci Research, a research-based global management consulting firm.
“Qatar Crane Rental Market By Type (Fixed Crane and Mobile Crane), By End Use (Building & Construction, Mining & Quarrying, Oil & Gas, Transportation & Logistics, Others), By Weightlifting Capacity (Low, Low-Medium, Heavy, Extreme Heavy), By Region, Competition, Forecast & Opportunities, 2017-2027”, has evaluated the future growth potential of the Qatar Crane Rental market and provides statistics & information on market size, structure, and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in the Qatar Crane Rental market.
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TechSci Research is a research-based management consulting firm providing market research and advisory solutions to its customers worldwide, spanning a range of industries. TechSci Research’s core values are value, integrity and insight. Led by a team of dynamic industry experts, TechSci Research provides its customers with high value market research and advisory services that helps them identify new market opportunities, growth engines and innovative ways to capture the market share. As a result, TechSci’s client leads rather than follow market trends. Not bound by legacy, TechSci’s cutting-edge research model leverages its decades of research knowledge and an increased use of technology as engines of innovation to deliver unique research value. Provided as an alternative to traditional market research, TechSci Research reports do not just deliver data and knowledge rather highlights the insights in a more usable and interactive format for its clients.
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