Global Market Research Company US Egypt Construction Equipment Rental Market Forecas | Page 7

Industry Brief
Egypt Construction Equipment Rental Market to Surpass $ 820 Million by 2022
According to TechSci Research report, “Egypt Construction Equipment Rental Market By Equipment Type, Competition
Forecast & Opportunities, 2022”, equipment rental market in Egypt is projected to reach $ 821 million by 2022. On
account of consistent growth in public and private infrastructure development projects, surge in the country’s
construction equipment rental market is anticipated during the forecast period. Moreover, due to brisk growth in
construction sector, a large number of construction companies require various equipment but they don’t buy them due
to their high acquisition cost, instead many companies hire them on rent for the specified period of time.
In 2016, crane dominated the Egypt construction equipment rental market and the segment is expected to lead the
market during the forecast period as well, owing to its use across residential/commercial set-ups, especially for high-rise
building construction in the country. Moreover, crane usage in construction equipment rental industry is extensive as
they are not only used in the initial phase of a construction project but till the time the project is completed.
Nevertheless, the bulldozer segment is anticipated to exhibit the fastest growth over the course of next five years.
‘Alexandria, Delta, Suez Canal, Greater Cairo & Upper North’ Region is expected to dominate the Egypt construction
equipment rental market owing to many construction projects, such as Great Cairo metro line, Suez Canal Development
Project – Dredging, expansion of east port, etc.
Big Rental, Adrighem & Al Dibiki, and Magic-Rent are few of the leading players operating in the construction equipment
rental market. However, market consists of many unorganized players engaged in providing equipment rental services. It
has been anticipated that in coming years, many players will foray in the market due to increase in the construction
projects. JCB, Tadano, Liebherr, Caterpillar, Grove, etc., are the major equipment brands offered by many rental
companies through customized rental agreements in Egypt.
“With increasing government expenditure, growing investment by many companies in Egypt and rise in number of
construction projects, the country’s construction rental market is likely to grow during the forecast period. Moreover,
favorable government policies regarding construction projects, developing real estate and housing projects and surging
foreign investments in equipment rental market, are anticipated to fuel the market in the coming years.” said Mr. Karan
Chechi, Research Director with TechSci Research, a research based global management consulting firm.
7
© TechSci Research