Saudi Arabia Construction Equipment Rental Market stood at USD1419.71 million in 2020 and is expected to grow at a CAGR of around 6.85% to reach USD2166.66 million by 2026. Increasing investments in housing projects by government authorities, rising efforts to reduce the dependence on the oil & gas industry, and ongoing technological advancements are driving the growth of the Saudi Arabia construction equipment rental market in the forecast period.

Increased government spending on infrastructure development and construction activities to boost the country's economy and create an alternate revenue source for the country is bolstering the pace of construction activities in the country. The high initial cost required for purchasing the construction equipment makes the contractors and construction companies opt for rental services to fulfill their demands.