Market analysis of special vehicles and trucks for rent in UAE

The United Arab Emirates (UAE) is a leading economy in the Middle East region with a high demand for special vehicles and trucks. The growth of the construction, logistics, and transportation industries in the country has led to an increased demand for these vehicles for rent. This article provides an overview of the market analysis of special vehicles and trucks for rent in the UAE.

Market Size

The UAE market for special vehicles and trucks for rent is significant and continues to grow in size. According to a report by Research and Markets, the UAE truck rental market is expected to grow at a CAGR of 7.5% during the forecast period of 2021-2026. The report further highlights that the demand for heavy commercial vehicles is likely to be the highest in the region, notably in the logistics and e-commerce sectors.

Market Segments

The market for special vehicles and trucks for rent in the UAE is divided into different segments, depending on the type of vehicle and the industry in which it is used. Some of the most common segments include:

Construction Vehicles

Construction vehicles such as excavators, bulldozers, and cranes are in constant demand in the UAE. The construction industry has been growing steadily over the past few years, with numerous projects underway, such as the Dubai Expo 2020 and the AED 50 billion Mohammed Bin Rashid City project.

Logistics Vehicles

Logistics and transportation sectors are also growing rapidly in the UAE, mainly due to the country's strategic location as a global transit hub. As a result, there is a high demand for trucks for transportation, including refrigerated trucks for the transport of perishable goods.

Industrial Vehicles

There is a growing demand for industrial vehicles in the UAE, such as forklifts, hiabs, and flatbed trucks, used in industries such as manufacturing, oil and gas, and mining.

Competitive Landscape

The market for special vehicles and trucks for rent in the UAE is highly competitive. A few local and international players dominate the market, including Al-Faris Equipment Rental, Byrne Equipment Rental, and Hertz Equipment Rental. These companies offer a vast range of vehicles for rent, alongside additional services such as maintenance and repair.

The UAE market for special vehicles and trucks for rent is highly lucrative and continues to grow in size and importance. The demand for these vehicles is expected to increase over the next few years, mainly due to the growth of construction, logistics, and transportation industries. Despite the highly competitive marketplace, there is still considerable room for new players to enter the market and capture a piece of the growing demand.