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Saudi Arabia Construction Equipment Rental Market 2026

Saudi Arabia construction equipment rental market was valued USD1419.71 million in 2020 and is forecast to grow at an impressive CAGR of 6.85% through 2026. https://bit.ly/3MEnirY

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Saudi Arabia Construction Equipment Rental Market 2026

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  1. 2016 – 2026 SAUDI ARABIA CONSTRUCTION EQUIPMENT RENTAL MARKET FORECAST & OPPORTUNITIES www.techsciresearch.com MARKET INTELLIGENCE . CONSULTING

  2. Scope of Report Product of Interest (POI): Construction Equipment Rental Equipment rental, also called plant hire in some countries (in the UK for instance), is a service industry providing machinery, equipment and tools of all kinds and sizes (from earthmoving to powered access, from power generation to hand-held tools, etc.) for a limited period of time to final users, mainly to construction contractors but also to industry and individual consumers. Renting can be defined as getting equipment for a temporary purpose to help the people who are not willing to buy the equipment. Market Segmentation Year Range Equipment Type REGION Dump Truck Mecca • • Review Period Diesel Genset Riyadh • • Crane Eastern • • 2016 – 2019 Wheel Loader Asir • • Base Year Excavator Medina • • v Motor Grader Bulldozer East • • 2020 • Estimated Year Telescopic Handler • Others • 2021 Forecast Period 2022 – 2026 2

  3. Table of Contents S. No. Contents Page No. T a b l e o f C o n t e n t s Product Overview (A brief description of the category and product inclusions considered under the scope of the study to give clear picture to the client about the product of interest.) 1. Research Methodology (A brief description of the category and product inclusions considered under the scope of the study to give clear picture to the client about the product of interest.) 2. 3. Impact of COVID-19 on Saudi Arabia Construction Equipment Rental Market 4. Executive Summary (This chapter covers summary of the complete study.) 5. Voice of Customer 5.1. Renting Decision Factors 5.2. Brand Recall 5.3. Challenges/Unmet Needs 5.4. Rental Company Switching Attributes 5.5. Rental Company Satisfaction Level 6. Saudi Arabia Construction Equipment Rental Market Outlook, 2016-2026F Market Size & Forecast 6.1. 6.1.1. By Value 6.2. Market Share & Forecast By Equipment Type (Dump Truck, Diesel Genset, Crane, Wheel Loader, Excavator, Bulldozer, Motor Grader, Telescopic Handler & Others) 6.2.1. 6.2.2. By Region 6.2.3. By Company (2020) 3

  4. Table of Contents S. No. Contents Page No. T a b l e o f C o n t e n t s 7. Saudi Arabia Diesel Gensets Rental Market Outlook, 2016-2026F Market Size & Forecast 7.1. 7.1.1. By Value 7.2. Market Share & Forecast 7.2.1. By Power (Upto 250 KW, 251 KW- 750 KW & Above 750 KW) 7.2.2. By End User (Residential, Manufacturing, Commercial, Telecom & Others) 7.2.3. By Company 7.3. Saudi Arabia Diesel Generator Rental Tariff 8. Saudi Arabia Crane Rental Market Outlook, 2016-2026F Market Size & Forecast 8.1. 8.1.1. By Value 8.2. Market Share & Forecast 8.2.1. By Operating Weight (100-200 ton, More Than 200 ton & Less Than 100 ton) 8.2.2. By Company 8.3. Saudi Arabia Crane Rental Tariff 9. Saudi Arabia Excavator Rental Market Outlook, 2016-2026F Market Size & Forecast 9.1. 9.1.1. By Value 9.2. Market Share & Forecast 9.2.1. By Operating Weight (Less than 10-ton, 10 ton-30 ton & More Than 30 ton) 9.2.2. By Company 9.3. Saudi Arabia Excavator Rental Tariff 4

  5. Table of Contents S. No. Contents Page No. T a b l e o f C o n t e n t s 10. Saudi Arabia Wheel Loader Rental Market Outlook, 2016-2026F Market Size & Forecast 10.1. 10.1.1. By Value 10.2. Market Share & Forecast 10.2.1. By Operating Weight (< 15 Ton, 15 Ton- 30 Ton & > 30 Ton) 10.2.2. By Company 10.3. Saudi Arabia Wheel Loader Rental Tariff 11. Saudi Arabia Bulldozer Rental Market Outlook, 2016-2026F Market Size & Forecast 11.1. 11.1.1. By Value 11.2. Market Share & Forecast 11.2.1. By Operating Weight (Less than 10-ton, 10 ton-30 ton & More Than 30 ton) 11.2.2. By Company 11.3. Saudi Arabia Bulldozer Rental Tariff 12. Saudi Arabia Motor Grader Rental Market Outlook, 2016-2026F Market Size & Forecast 12.1. 12.1.1. By Value 12.2. Market Share & Forecast 12.2.1. By Blade Width (Upto 5m blade width & More than 5m blade width ) 12.2.2. By Company 12.3. Saudi Arabia Motor Grader Rental Tariff 5

  6. Table of Contents S. No. Contents Page No. T a b l e o f C o n t e n t s 13. Saudi Arabia Telescopic Handler Rental Market Outlook, 2016-2026F Market Size & Forecast 13.1. 13.1.1. By Value 13.2. Market Share & Forecast 13.2.1. By Operating Weight (Less than 5-ton & Above 5 ton) 13.2.2. By Company 13.3. Saudi Arabia Telescopic Handler Rental Tariff 14. Saudi Arabia Dump Truck Rental Market Outlook, 2016-2026F Market Size & Forecast 14.1. 14.1.1. By Value 14.2. Market Share & Forecast 14.2.1. By Operating Weight (16 cubic meter, 24 cubic meter & 32 cubic meter) 14.2.2. By Company 14.3. Saudi Arabia Dump Truck Rental Tariff 15. Market Dynamics (This chapter assesses the major demand drivers and restraints.) 15.1. Drivers 15.2. Challenges 16. Pricing Analysis 17. Policy & Regulatory Landscape Market Trends & Developments (This section captures recent trends pertaining to manufacturing or consumption, market movements in terms of points of production and consumption, advancements and development) 18. 6

  7. Table of Contents S. No. Contents Page No. T a b l e o f C o n t e n t s 18.1. Growing Inclination towards Chinese Equipment 18.2. Stricter SASO Norms 18.3. Lease to Own Scheme 18.4. Operator-Equipment Bundling 18.5. Continuously Declining Rental Tariff 19. SWOT Analysis 20. Supply Chain Analysis 21. Saudi Arabia Economic Profile 22. Competitive Landscape Competition Outlook 22.1. 22.2. Company Profiles (Top 10 Leading Companies) 22.2.1. Company Details 22.2.2. Products & Services 22.2.3. Financials (As Reported) 22.2.4. Key Market Focus & Geographical Presence 22.2.5. Recent Developments 22.2.6. Key Management Personnel 7

  8. Table of Contents S. No. Contents Page No. 23. Strategic Recommendations About Us & Disclaimer 24. 8

  9. RESEARCH RESEARCH METHODOLOGY METHODOLOGY

  10. Research Methodology Market Profiling Data Analysis Data Data Developing List of Respondents Formulating Questionnaire Collection Validation In-depth secondary research was conducted to determine top players in Saudi Arabia construction equipment rental market, overall market size and segmental market size. The data was scrutinized using MS-Excel, statistical tools and internal proprietary database to obtain qualitative and quantitative insights about Saudi Arabia construction equipment rental market. Data obtained as a result of primary and secondary research was validated through rigorous triangulation. TechSci conducted interviews with industry experts and industry players for data collection and verification. In order to conduct industry experts’ interviews, TechSci formulated a detailed discussion guide. List of industry players and industry specialists was developed. Primary Research Desk Research Company Analysis Actionable Insights ✓ ✓ Recent Developments Market Changing Aspects/Dynamics Government Policies Final Conclusion ✓ ✓ Data Filter & Analysis Business Solution Market Participants Key Strengths Research & Intelligence Data Collection ✓ Identifying Key Opinion Leaders Questionnaire Design In-depth Interviews ✓ ✓ ✓ ✓ Primary Research Secondary Research Paid Sources LinkedIn TechSci Internal Database Company Websites Company Annual Reports White Paper Study Financial Reports Investor Presentations Regulatory Body Associations, etc. Factiva Hoovers ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓ 10

  11. Research Methodology Baseline Methodology Our dedicated team of industry experts has monitored and analyzed various aspects of Saudi Arabia construction equipment rental market. The team has analyzed the outlook of various segments of this market, while considering the major influencing factors such as construction equipment rental. The study includes market forecasting, which would enable our clients to take better decisions while planning their strategy to achieve sustainability in Saudi Arabia construction equipment rental market. Methodology Followed for Calculation of Market Size: Market Size By Value : Market size, in terms of value , for the year 2020 was calculated based on information collected through exhaustive • secondary research and primary surveys, with various key opinion leaders/stakeholders, such as construction equipment rental companies, distributors, suppliers, industry experts, and other industry participants. The team interviewed more than 40 – 50 construction equipment rental companies, 180 – 200 end users, and 15 – 20 industry experts and • other value chain stakeholders in Saudi Arabia construction equipment rental market to obtain the overall market size from 2016 to 2020, which was validated by the Delphi technique. Taking standard deviation into consideration, the market size was averaged out, to arrive at the market size data during 2016-2020. 11

  12. Research Methodology Respondents were asked about the current and future market growth rates, market shares by equipment type, by region and by company. • Removing the outlier responses, the geometric mean of growth estimates and supplier wise revenue shares generated across various segments were considered, to arrive at the final revenue shares. Revenue shares generated across various segments were further triangulated from other stakeholders. Methodology Followed for Calculation of Market Shares: Market shares by equipment type, by region and by company were calculated based on the responses received through primary surveys • with industry experts, in which the respondents were asked about the market shares, trends and recent development in the Saudi Arabia construction equipment rental market. The final shares were calculated by taking the geometric mean of the responses gathered from key opinion leaders after eliminating the outliers. Methodology Followed for Forecasting: TechSci Research performed periodical checks on data collected through the surveys with logic checks and analyzed the survey results in • SPSS/Tableau Software. Data triangulation techniques were applied to fill the gaps and to present a more meaningful picture of the market. To forecast Saudi Arabia • construction equipment rental market, TechSci Research used various forecast techniques such as: Moving Average ✓ Time Series Analysis ✓ Regression Analysis ✓ Econometric and Judgmental Analysis ✓ 12

  13. Research Methodology TechSci Research used its own forecast tool, which is based on the growth of various allied industries in respective regions. TechSci Research also used the impact analysis during short, medium and long- term period to estimate the demand and to reach accurate market numbers. It should be noted that the figures compiled are only for the organized market including market share data. Partial List of Companies Interviewed Key Secondary Sources Zahid Tractor and Heavy Machinery Company Construction Equipment Rental Industry Association ▪ ▪ General Contracting Company (GCC) World Bank ▪ ▪ Bin Quraya Rental TechSci Research Proprietary Database & Knowledge ▪ ▪ Industrial Supplies Development Co. Ltd. (ISDC Repository ▪ Rental Company) Company Annual Reports ▪ Abdulla Nass & Partners Co. Ltd. (ANPC) Industry Reports ▪ ▪ Saad Al Qahtani Contracting (SAQCO) Statista ▪ ▪ Arabian Consolidated Trading Group – Crane & News Dailies ▪ ▪ Heavy Equipment Rental Credible Paid Databases ▪ Altaaqa Alternative Solutions Co. Ltd. ▪ Al Faris ▪ Rezayat Sparrow Arabian Crane Hire Co. Ltd. ▪ 13

  14. Industry Brief Increasing infrastructure development projects are driving the growth in Saudi Arabia construction equipment rental market in the forecast period, 2021-2026. According to TechSci Research report, “Saudi Arabia Construction Equipment Rental Market By Equipment Type (Dump Truck, Diesel Genset, Crane, Wheel Loader, Excavator, Bulldozer, Motor Grader, Telescopic Handler and Others), By Region (South & West, North & Central, East), By Province (Mecca, Riyadh, Eastern, Asir, Medina, East), Competition, Forecast & Opportunities, 2016-2026F”, the Saudi Arabia construction equipment rental market would potentially project a growth of 6.85% in the forecast period, 2021-2026 on the account of rapidly surging demands from the construction industry. Many projects, including port development, airports, railways, bridges, power & water and oil sector, are in the pipeline as of 2020. The government in the kingdom has expressed its plan to enhance the infrastructural development in the country. This is expected to fuel growth in the construction industry and consequently increase the demand for construction equipment rental in Saudi Arabia during the forecast period. Moreover, the Saudi Arabian government’s initiatives to transform the country from an oil-based economy to a more reliant on manufacturing and service-based economy are expected to drive the construction market in the region. Furthermore, an increase in government infrastructure spending, population expansion, and an increase in disposable income is believed to have increased demand for residential, commercial, and institutional structures, which will enhance demand for construction equipment. In the following years, the Saudi Arabian government's increased focus on expanding net spending and the introduction of Vision 2030 is expected to considerably enhance the country's economy and construction sector. Among the GCC countries, Saudi Arabia is the fastest-growing destination for exports of heavy machinery from ASEAN nations. Saudi Arabia has led the transformation in the GCC construction market with the development of six economic cities. The Saudi Arabia construction equipment rental market is segmented on the basis of equipment type, province, and regional distribution. Based on Equipment type, the market is further fragmented into Dump Truck, Diesel Genset, Crane, Wheel Loader, Excavator, Bulldozer, Motor Grader, Telescopic Handler and Others. Due to its advantages, the wheel loader is predicted to register the largest revenue shares and dominate the market segment in the next five years. Various advantages associated with wheel loader are High capacity in carrying loads, Options for different sizes, Low maintenance, Versatility in different applications, Ease of operation and reduced operating costs. Apart from its utility as an earthmover, wheel loaders can also be used in different applications. With the option for different attachments, wheel loaders default buckets can be changed into blades, augers, backhoes, hammers, rakes, etc. wheel loaders can also be used to lift trash, carry pipes, compact gravel, move hay bales, drill holes, and hammerstones. Moreover, wheel loaders require less training costs. It also makes the tasks in a job site faster to complete, with less manpower needed to manually carry heavy loads, resulting in fewer days spent on a project and fewer human resources costs. Key market players in the Saudi Arabia Construction Equipment Rental market include Zahid Tractor and Heavy Machinery Company, General Contracting Company (GCC), Bin Quraya Rental, Industrial Supplies Development Co. Ltd. (ISDC Rental Company), Abdulla Nass & Partners Co. Ltd. (ANPC), Saad Al Qahtani Contracting (SAQCO), Arabian Consolidated Trading Group – Crane & Heavy Equipment Rental, Altaaqa Alternative Solutions Co. Ltd., Al Faris, Rezayat Sparrow Arabian Crane Hire Co. Ltd. Based on region, the market is segmented into South & West, North & Central and East Region. South & West region is anticipated to hold the largest revenue shares of the market and dominate the segment in the upcoming five years on account of increasing infrastructure development projects in the region. Furthermore, tourism activities in these regions are expected to contribute to the GDP of the region, thereby creating ample demand for construction activities in the coming years. Growth of the real estate sector across northern & central region is mainly due to increased investments from the government in construction projects which is expected to positively influence the demand for construction equipment. “Saudi Arabia construction equipment rental market is anticipated to grow at a healthy CAGR between 2016-2026, owing to the increasing investment in infrastructure projects, shifting from oil-based economy to service based and increasing foreign direct investment in the kingdom. Moreover, favorable socio- demographic factors such as literacy level, disposable income, etc., and development in financial sector are anticipated to benefit Saudi Arabia construction equipment rental market as a whole during the forecast period.” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm. 14

  15. Sample Data - Snapshot Saudi Arabia Construction Equipment Rental Market Size, By Value (USD Million), 2016–2026F 15.00 14.00 13.00 12.00 11.00 10.00 9.00 8.00 7.00 6.00 5.00 CAGR BY VALUE YY% CAGR BY VALUE XX% 2016 2020 2021E 2026F By Value (USD Million) Saudi Arabia Construction Equipment Rental Market Share, By Equipment Type, By Value, 2016–2026F Dump Truck Bulldozer Diesel Genset Motor Grader Crane Telescopic Handler Wheel Loader Others Excavator 2026F 20% 10% 10% 10% 10% 10% 10% 10% 10% 20% 10% 10% 10% 10% 10% 10% 10% 10% 2024F 20% 10% 10% 10% 10% 10% 10% 10% 10% 20% 10% 10% 10% 10% 10% 10% 10% 10% 2022F 20% 10% 10% 10% 10% 10% 10% 10% 10% 20% 10% 10% 10% 10% 10% 10% 10% 10% 2020 20% 10% 10% 10% 10% 10% 10% 10% 10% 20% 10% 10% 10% 10% 10% 10% 10% 10% 2018 20% 10% 10% 10% 10% 10% 10% 10% 10% 20% 10% 10% 10% 10% 10% 10% 10% 10% 20% 10% 10% 10% 10% 10% 10% 10% 10% 2016 Saudi Arabia Crane Rental Market Share, By Operating Weight, By Value, 2016–2026F 100 Ton- 200 Ton More Than 200 ton Less Than 100 ton 2026F 34% 33% 33% 34% 33% 33% 2024F 34% 33% 33% 34% 33% 33% 2022F 34% 33% 33% 34% 33% 33% 2020 34% 33% 33% 34% 33% 33% 2018 34% 33% 33% 34% 33% 33% 34% 33% 33% 2016 15

  16. Report Ordering Report Name: SAUDI ARABIA CONSTRUCTION EQUIPMENT RENTAL MARKET FORECAST & OPPORTUNITIES 2016 – 2026 License Type Single User License Price $3500 Multi-User License Custom Research License $4500 $7500 To View Sample OR Purchase Report 16

  17. About Us & Disclaimer TechSci Research is a global market research and consulting company with offices in the US, UK and India. TechSci Research provides market research reports in number of areas to organizations. The company uses innovative business models that focus on improving productivity, while ensuring creation of high-quality reports. The proprietary forecasting models use various analyses of both industry-specific and macroeconomic variables on a state-by-state basis to produce a unique ‘bottom-up’ model of a country, regional and global industry prospects. Combined with the detailed analysis of company activity and industry trends, the result is a uniquely rich evaluation of the opportunities available in the market. Related Reports Global Rubble Chute Market By Material Type (Steel, and Plastics), By Product Type (Linen, Recycle, Insect-proof, and Fire-rated), By Usage (Internal, and External), By Application (Residential, Commercial, Industrial), By Region, Competition Forecast & Opportunities, 2026 • Parapet Wall Market - Global Industry Size, Share, Trends, Opportunity and Forecast, 2016-2026, Segmented By Material (Reinforced Cement Concrete, Steel, Aluminium, Glass, & Others), By Type (Plain, Embattled, Perforated, Panelled, & Others), By Position (Roof, Terrace, Balcony, & Others), By End Use (Residential, & Commercial) and By Region • TechSci Research – North America 708 Third Avenue, Manhattan, New York, United States Tel: +1- 646- 360- 1656 Email: sales@techsciresearch.com www.techsciresearch.com TechSci Research – Europe 54, Old brook, Bretton, Peterborough, United Kingdom Email: sales@techsciresearch.com www.techsciresearch.com TechSci Research – Asia-Pacific B – 44, Sector – 57, Noida, National Capital Region, U.P. - India Tel: +91-120-4523900 Email: sales@techsciresearch.com www.techsciresearch.com Disclaimer The contents of this report are based on information generally available to the public from sources believed to be reliable. No representation is made that it is timely, accurate or complete. TechSci Research has taken due care and caution in compilation of data as this has been obtained from various sources including which it considers reliable and first hand. However, TechSci Research does not guarantee the accuracy, adequacy or completeness of any information and it is not responsible for any errors or omissions or for the results obtained from the use of such information and especially states that it has no financial liability whatsoever to the subscribers / users of this report. The information herein, together with all estimates and forecasts, can change without notice. All the figures provided in this document are indicative of relative market size and are strictly for client’s internal consumption. Usage of the same for purpose other than internal will require prior approval of TechSci Research.

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