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.