Egypt Construction Equipment Rental Market By Service Type (Rental Services, Operation and Maintenance Services), By Equipment Type (Earthmoving Machinery, Material Handling Machinery, Concrete & Road Construction, Others), By End User Industry (Mining, Construction, Oil & Gas & Others), By Region, Competition, Forecast and Opportunities 2028
Published Date: May - 2025 | Publisher: MIR | No of Pages: 320 | Industry: Automotive | Format: Report available in PDF / Excel Format
View Details Buy Now 2890 Download Sample Ask for Discount Request Customization| Forecast Period | 2024-2028 |
| Market Size (2022) | USD 1.20 Billion |
| CAGR (2023-2028) | 4.60% |
| Fastest Growing Segment | Earthmoving Machinery |
| Largest Market | Cairo |
Egypt Construction Equipment Rental Market size
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Global Egypt Construction Equipment Rental Market has valued at USD 1.20 Billion in 2022 and is anticipated to project robust growth in the forecast period with a CAGR of 4.60% through 2028.
The construction equipment rental market in Egypt has witnessed significant growth in recent years. The country booming construction sector driven by infrastructure projects, residential and commercial developments also government initiatives has created a robust demand for rental equipment’s. The market size is influenced by various factors such as economic conditions government investments and the overall growth of the construction industry.
Egypt Construction Equipment Rental Market Overview
The construction equipment rental market in the country of Egypt plays a vital role in supporting the country growing construction industry year on year. It also provides businesses and contractors with access to a wide range of equipment and machinery on a temporary basis allowing them to complete construction projects efficiently without the need of substantial upfront investments for purchasing equipment. Egypt's market for renting construction equipment has expanded significantly in past few years. Rental equipment is in high demand due to the nations burgeoning construction industry which is being fueled by government initiatives residential and commercial developments and infrastructure projects. The state of the economy government spending and the expansion of the construction sector all have an impact on the market size..
Egypt Construction Equipment Rental Market Drivers
Recently, numerous construction projects like the Capital Med City October Oasis, etc., are ongoing in Egypt. By operating more than one project simultaneously, numerous construction companies rent or lease construction equipment for a short duration of time. It is more economical compared to owning a new one for private companies. The leasing firm provides commercial truck leasing in two methods which are closed-end and open-end fleet leases. Most corporate companies prefer to lease the construction equipment on a closed-end lease or rent under which the company is secured against residual risk because they can give back the equipment at the termination of the renting period without the need to resell it. Due to the advantage of renting a construction equipment as compared to purchasing a new one, the rise in the number of rented construction equipment is boosting, which is propelling Egypt Construction Equipment Rental Market. It saves different types of expenses like maintenance cost, operational cost, repair cost and also huge amount investment at one time by renting the construction equipment. By offering service like on site service, the support services can make the lifespan of the equipments longer which makes the profit more and also raises the customer satisfaction.
Hiring or leasing a construction equipment may have large benefits over straight buying a equipment since it can eliminate a big upfront expense of acquiring a vehicle. Huge amounts of saved capital can be kept aside for other purposes like operational expenses, manpower, etc. Budgeting or leasing is also simple, as the payments predominantly stay constant over the duration of the agreement. Long-term leasing of construction equipment is found to be highly cost-effective compared to other means of owning equipment fleets since contract lengths, depreciation patterns, and maintenance needs are fairly predictable. The cost-efficient benefits of equipment leasing and renting are expected to propel the market during the forecast period.
Emerging technologies are revolutionizing the construction equipment rental market in Egypt also rental companies are adding new-age technologies to their equipment line which also comprises features such as GPS tracking, telematics systems, fuel efficiency optimization and remote monitoring ability. In addition, these technologies improve equipment performance, enhances the safety features and allow effective fleet management. GPS tracking enables the rental firms to track the location and real-time movement of equipment also ensuring its safety and allows effective utilization. Telematics systems give equipment performance in real time which allows proactive maintenance and reduces the downtime. Also, fuel efficiency optimization contributes to lowering the operating expense and environmental footprint as well remote monitoring features that enable rental companies to remotely troubleshoot the construction equipment problems and ensuring timely support and raising customer satisfaction.
The increasing sophistication of the construction projects has resulted in rising demand for specialized equipment in the nation. Construction firms need equipment designed to suit particular tasks like tunneling demolition, road repair and handling of materials under varying environmental conditions. Rental agencies are purchasing and providing specialized machinery that suits the specific needs of different construction tasks, offering a variety of different specialized equipment access, rental agencies allow contractors to perform intricate functions and finish more effectively, negating the demand for the funds invested in purchasing specialized equipment which could have capped the usage. Additionally,
The rental firms are investigating collaborations and associations to maximize utilization of equipment and enhance the use of resources. With equipment sharing, various contractors or businesses can jointly invest in high-cost equipment and divide its usage, minimizing single investments and idle time for equipment. Pooling resources enables rental firms to serve variable demand more effectively and provide greater selection of equipment offerings to customers. Collaborative models also allow rental companies to build greater market presence, increase the scope of their services, and increase overall competitiveness. This trend is fueled by the need to maximize equipment use and reduce underutilization or idle time.
Egypt Construction Equipment Rental Market Challenges
Egypt has experienced periods of economic instability in recent years including currency devaluation, inflation and political uncertainties. These factors can significantly impact the construction industry leading to reduced investment in infrastructure projects and a slowdown in demand for construction equipment rentals.
Obtaining permits, licenses, and complying with various regulations can be time-consuming and costly, creating barriers to entry for new rental businesses and hindering market growth.
Market Opportunities
To the initial acquisition cost involved in purchasing a new equipment’s mining and construction companies also incur associated ownership costs, such as operating costs, transportation costs, regulatory certification fees, maintenance costs, etc. In order to minimize these expenses and reach economies of scale, renting and leasing have become feasible options for contractors/construction companies when compared to buying a new construction equipment. This increasing preference for leasing a construction equipment instead of purchasing a new construction equipment is escalating growth in the construction equipment rental market in Egypt and is projected to follow the same trend during the forecast period as well.
Therefore, the construction equipment rental companies across Egypt are recommended to focus on the financial leasing and renting of the construction equipment to boost their market share.
Market Segmentation
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The Egypt Construction Equipment Rental market is analyzed on four frontsService type, equipment type, end user industry and region. Based on service type, the market is segmented into rental services, operation and maintenance services. Based equipment type, the market is segmented into earthmoving machinery, material handling machinery, concrete & road construction, others. Based on end user industry, the market is divided mining, construction, oil & gas & others.
Market Recent Developments
- A wholly owned subsidiary ofHyundai Construction Equipment called Doosan Infracore Co. received a contractin August 2022 to supply 62 pieces of construction machinery to importantclients in Bahrain and Saudi Arabia.
- The United Arab Emirates has stated that itwill invest USD 23 billion in infrastructure development by 2023.
- Sany Heavy Industry Co. Ltd.supplied 300 pieces of construction machinery to the Nigerian China-LagosRailway project in December 2022.
- During Zoomlion Customer Day,which was held in Saudi Arabia in June 2022, Zoomlion Heavy Industry Scienceand Technology Co. Ltd received orders for almost 100 pieces of constructionmachinery.
- In May 2022, Doosan InfracoreCo. won orders for 75 mid to large excavators from Saudi Arabia. These machineswould be deployed at the construction site of Neom City in Saudi Arabia.
- The 30th Volvo A40Garticulated dump truck was delivered to Mbuyelo Mining Contractors in February2023 by Babcock, Volvo CE's South African dealer.
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key players
Byrne Equipment Rental Solutions
United Rentals
Ashtead
Komatsu
H&E Equipment Services
|
Attribute |
Details |
|
Base Year |
2022 |
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Historic Data |
2018 – 2022 |
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Estimated Year |
2023 |
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Forecast Period |
2024– 2028 |
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Quantitative Units |
Value in USD Million CAGR for 2018-2023 and 2024-2028 |
|
Report Coverage |
Revenue forecast, company share, competitive landscape, growth factors, and trends |
|
Segments Covered |
Service Type Equipment Type End Use industry Region |
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Regional scope |
Cairo, Alexandria, Giza, Qalyubia, Port Said, Suez, and Rest of Egypt |
|
Key Companies Profiled |
Byrne Equipment Rental Solutions, Hertz, Loxam Group, Neff Rental, Sunbelt, United Rentals, Ashtead, Komatsu, H&E Equipment Services, etc. |
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Customization scope |
10% free report customization with purchase. Addition or alteration to country, regional & segment scope. |
|
Pricing and purchase options |
Avail customized purchase options to meet your exact research needs. Explore purchase options |
|
Delivery Format |
PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |
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