GCC Equipment Rental Market Report and Forecast 2032

GCC Equipment Rental Market Insights & Analysis

The GCC Equipment Rental Market reached a value of nearly USD 3.8 billion in 2024. The market is assessed to grow at a CAGR of around 5.60% during the forecast period of 2025-2032 to attain a value of around USD 5.82 billion in 2032. Owing to the increasing industrial & construction demand as well as consumers' mounting inclination to rent rather than buy equipment, the industry is foreseen to grow radically by 2032. Also, due to the GCC's (Gulf Cooperation Council) fast industrialization, urbanization, and expanding building sector, this market is observed to experience rapid growth.

The key factor driving the GCC Equipment Rental Market is the rising number of building projects across the GCC nations, including infrastructure improvement, real estate development, and large-scale initiatives such as Saudi Arabia's Vision 2030, etc. Moreover, renting equipment gives you entrance to the latest innovations, flexibility, and lower maintenance & storage expenses. This inclination is specifically noticeable in the manufacturing, oil & gas, and construction sectors, where equipment requirements might change considerably over time. The industry for renting out equipment is being driven by the GCC's efforts to diversify its economy. Also, to lessen their reliance on oil earnings, countries in the region are making substantial investments in non-oil industries. The demand for rental equipment is driven by the expansion of commercial initiatives, infrastructure development, and industrial activity brought about by this diversification.

GCC Equipment Rental Market FY32

• Study Period: 2020- 2032


• Base Year: 2024


• CAGR(2025-2032): 5.60%


• Market Value 2032: USD 5.82 Billion


• Fastest Growing Market: Saudi Arabia


• Major Players: Atlas Copco Group, Caterpillar Inc., Cummins, Aggreko Plc, Access Group Pty Ltd, Al Faris Group, Apr Energy Limited, Byrne Equipment Rental, Dayim Rentals, and Others 

Additionally, leasing equipment has key advantages for the manufacturing or production industries as well. Further, specialized equipment & tools are frequently required for manufacturing operations, and are costly to buy. Therefore, manufacturers maintain operating efficiency & adapt to shifting market demands by renting the equipment they need without making a sizable capital investment. Also, the logistics & warehousing companies use equipment rental for material handling, storage, and transportation. Also, the need for rental equipment in this sector is being infused by the expanding e-commerce sector & the increasing requirement for effective supply chain management.

Furthermore, to satisfy the altering demands of logistics operations, forklifts, pallet jacks, and other material-handling equipment are often rented. In consequence, this is anticipated to improve the GCC equipment rental market's outlook during the forecast years.

GCC Equipment Rental Market Dynamics

• Sustainability & Green Initiatives to Fuel the Industry's Growth

The GCC region's increasing emphasis on environmental preservation & sustainability has a great impact on the Equipment Rental Industry. The effort for more environmentally friendly technology & support for renewable energy projects is driven by the push for more efficient & greener practices across several industries, which is in line with regional pledges & worldwide trends. Also, global climate targets, such as the Paris Agreement, and national sustainability visions, including Saudi Vision 2030 and UAE Net Zero 2050 are being aggressively pursued by GCC countries. Furthermore, these frameworks prioritize the promotion of green energy & the decrease of carbon emissions. The region's emphasis on renewable energy & eco-friendly practices is transforming the market. Along with this, the rental businesses that put sustainability first are assisting consumers reach their environmental objectives, in addition to fulfilling legal obligations.

• Lack of Skilled Operators to Hinder the Market

The absence of competent workers is a foremost concern that prevents the GCC Equipment Rental Market companies from expanding. Several aspects of the industry are impacted by this issue, such as overall industry growth, customer contentment, and operational efficiency. The necessity for sophisticated & specialized equipment has risen in the GCC as mega-projects & sophisticated infrastructure have thrived. Nevertheless, these devices require knowledgeable operators with technical skills, as automation, AI-assisted tools, telematics, and other modern features might not be employed by operators who lack the required skills, which could eventually create a challenge for the adoption of technologically advanced equipment, thus hindering the GCC market.

GCC Equipment Rental Market Segment-wise Analysis

By Equipment Category:

• Power Generation
• Temporary Buildings
• Hoist and Access
• Air & Steam
• Cargo Containers
• Climate Control
• Mobile Lighting
• Welding Machines
• Material Handling
• Others

Due to the region's substantial requirement for a steady electricity supply for industrial operations, oil & gas set-ups, and large-scale construction projects, Power Generation Equipment stands out as the most popular & leading segment of the GCC Equipment Rental Market. The need for rental generators is mainly high as infrastructure projects are frequently undertaken in isolated areas without grid connectivity. Further associating this segment's market domination across the GCC region is the growing deployment of sophisticated, fuel-efficient rental generators brought about by the prominence on sustainability & energy efficiency.

By End User:

• Telecom
• BFSI
• Mining
• Oil & Gas
• Construction
• Manufacturing
• Agriculture
• Others

Across the GCC Equipment Rental Market, the Construction Industry is predicted to grab the highest market share during 2025-32. The region's aspiring infrastructure development projects, including mega-initiatives such as Saudi Arabia's NEOM, the United Arab Emirates' Expo City Dubai, and Qatar's Lusail City, are the primary drivers influencing the progression of this segment across the GCC. Also, the necessity for rentals is pushed by these projects' significant employment of heavy machinery, like loaders, cranes, excavators, and earthmoving equipment. Moreover, given the cyclical nature of large-scale building projects & the great expenses of equipment ownership, renting equipment tends to offer flexible choices to construction businesses at affordable cost.

Regional Projection of the GCC Equipment Rental Industry

The GCC Equipment Rental Market is geographically diversified, covering:

• Saudi Arabia
• The UAE
• Kuwait
• Oman
• Qatar
• Bahrain
• Others

Saudi Arabia is observed to lead the GCC Equipment Rental Industry, as it upholds the potential market share, owing to its enormous initiatives under the Saudi Vision 2030 & its large infrastructure. Further, significant investments have been made in the construction, tourism, energy, and industrial sectors, in line with the Kingdom's ambitious goals for economic divergence. Rental services are in great demand as mega-projects such as NEOM, the Red Sea Project, and several others require heavy machinery, cranes, and earthmoving equipment.

Additionally, the Saudi Arabian Equipment Rental Market is infused by the oil & gas industry's dominance, which includes uninterrupted refinery expansions & exploration operations. Also, with its emphasis on sustainability & renewable energy initiatives, such as the Sakaka Solar Plant, the country has been envisioned to establish itself as a pioneer across the GCC market.

What Does Our GCC Equipment Rental Market Research Study Entail?

• GCC Equipment Rental Market Research Report highlights the forecast growth rate or CAGR by anticipating the market size & share.
• The market analysis puts light upon the primary industry trends, driving aspects, potential opportunities, growth challenges, and other major factors.
• GCC Equipment Rental Market Research Report entails details about the most critical shifts in market share in the prominent regions.
• Considering the statistics & the developments by the primary market competitors, our report also strives to demonstrate the most sought-after strategies of the key players.