Increasing infrastructure development, upcoming mega sports events, and the anticipated stabilization of crude oil prices are expected to drive Qatar construction equipment rental market between 2017 and 2022.
Construction equipment is widely used for digging, lifting, extraction, aerial access provision, and more at construction sites. The growing preference for equipment rentals rather than purchases, increasing infrastructure spending, and easy availability of construction equipment are the major factors boosting the construction equipment rental market in Qatar. According to the Qatar National Vision 2030, the country’s urban infrastructural development is one of the major focus areas of the government.
The market for rental construction equipment in Qatar is expected to surpass $1.9 billion by 2022, due to growth in construction and industrial sectors of the country, boosted by an increase in the expatriate population and upcoming sports events.
Various road projects under the Expressway Program Project, such as construction of Lusail Expressway, New Orbital Highway and Truck Route, and Lijmiliya - Leatooriya - Al Sheehaniya Road, have started in the last few years.
The government is also planning to develop a deep water sea port, a new international airport, new cities, schools, hospitals, and electric substations during the forecast period. All these projects are expected to extensively boost demand for rental construction equipment in the country through 2022.
The projects in the sector will boost business in the years to come.
