Qatar Crane Rental Market 2018-2027: Regional Analysis and Forecast | Techsci Research

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Qatar Crane Rental Market Forecast 2027
Projected Growth and Opportunities Techsci
Research
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
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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
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• 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.

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• Group Nine Joint Venture Trading Contracting
• Download Sample Report
• Customers can also request for 10 free
  customization on this report.
• 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.
• Download Sample Report- https//www.techsciresear
  ch.com/sample-report.aspx?cid12906
• On Medium - https//medium.com/_at_satyamtechsci/

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