Development of Equipment Rental Business Spurring Growth Opportunities in the Earthmoving Equipment Market in Saudi Arabia

Reportstack has announced a new market research report on the Earthmoving Equipment Market in Saudi Arabia 2015-2019, which is expected to grow at a CAGR of 12.24 percent during the forecast period of 2014-2019.

“Given the uncertainty surrounding the Construction market, firms are hesitating to invest in new equipment which has resulted in manufacturers promoting their equipment through rentals,”.

“The lease period is often less than the average lifetime of the equipment. This allows construction companies the use of high-cost earthmoving equipment without major monetary investments and contributes to the profits of earthmoving equipment manufacturers.”

Key Market Drivers

Sustained Growth of Construction Industry
Need to Replace Dated Earthmoving Equipment
Growth of Tourism Industry\

Complete report with TOC available @ Earthmoving Equipment Market in Saudi Arabia 2015-2019.

Key Market Trends

Growth in Equipment Rental Business
Rise in Demand for Energy-efficient Equipment
Availability of Attractive Financing Options

Key Market Vendors

Caterpillar Inc.
J.C. Bamford Excavators Ltd. (JCB)
Komatsu Ltd.
Volvo AB

To define the market circumstances in the next 3-4 years, the analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance.

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