Qatari equipment rental to reach €1.8bn by 2022

By Joe Malone16 February 2017

The Qatari construction equipment rental market is expected to reach US$1.9 billion (€1.79 billion) by 2022, according to market research specialists TechSci Research.

In its report (Qatar Construction Equipment Rental Market By Equipment Type, Competition Forecast & Opportunities, 2016 – 2022), the company said that an increase in infrastructure development, upcoming mega sporting events and an expected stabilisation of crude oil prices was expected to drive the Qatari construction equipment rental market between 2017 and 2022.

It said that a growing preference for equipment rentals rather than purchases, as well as the ease of availability for construction rental were other major factors in the expected rise.

TechSci Research said that projects under the government-led incentive Expressway Programme Project, such as the construction of Lusail Expressway, New Orbital Highway & Truck Route, and Lijmiliya - Leatooriya - Al Sheehaniya Road had taken off in the last few years.

It added that the government was also planning to develop a deep water sea port, a new international airport, new cities, schools, hospitals, and electric substations in the country during the forecast period.

Crane rental is expected to dominate the market over the next five years, with diesel generators, excavators, wheeled loaders, motor graders, telescopic handlers and dozers featuring high up on the list.

Latest News
Versalift takes over Bluelift UK sales
New distribution agreement part of integration of parent company Ruthmann into Time group
Foster + Partners wins plan to design ‘one of the world’s largest airports’
The project is focused on sustainability and aims to achieve LEED Platinum certification by incorporating green initiatives
Doosan mini excavators feature in Ukraine aid package
South Korean government sending five DX17Z models to war-torn country