Saudi Arabia Forklift Rental Market By Forklift Type (1 - 3.5 Tons, 3.5 - 7 Tons, 7- 10 Tons & Above 10 Tons), By Fuel Type (Diesel, Electric & Petrol/LPG), By Rental Period, Competition Forecast & Opportunities, 2015-2022

  • ID: 4438352
  • Report
  • Region: Saudi Arabia
  • 106 pages
  • TechSci Research
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Forklift Rental Market in Saudi Arabia is Projected to Cross $ 18 Million by 2022

FEATURED COMPANIES

  • Al Faris
  • Bin Quraya Rental
  • Kanoo Machinery
  • Peax Equipment Rental
  • MORE
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Saudi Arabia government is focusing on economic diversification to reduce the country’s dependence on oil sector. The country aims at increasing the contribution of non-oil exports in its non-oil GDP from 16% in 2015 to 50% by 2030. Consequently, the government is announcing various initiatives directed towards development of non-oil sectors in the country. This is expected to positively impact the country’s forklift rental market over the next five years. Continuously rising demand for warehousing is expected to emerge as the most critical factor boosting forklift rental services market in the country through 2022. Few of the major forklift rental players operating in Saudi Arabia include Zahid Tractor, Al Iman, Kanoo Machinery, Peax Equipment, Byrne Rental and Al Faris.

According to, “Saudi Arabia Forklift Rental Market By Forklift Type, By Fuel Type, By Rental Period, Competition Forecast & Opportunities, 2015-2022”, forklift rental market in Saudi Arabia is projected to cross $ 18 million by 2022. Increasing availability of forklifts on rent, rising number of greenfield and brownfield projects in the country, coupled with surging forklift demand from warehouses and ports is expected to boost forklift rental market in Saudi Arabia in the coming years.

In 2016, Saudi Arabia forklift rental market was dominated by 1-3.5 ton forklift segment, with these forklifts being primarily employed in warehouses for goods transportation. ‘West & South’ region accounted for the largest share in Saudi Arabia forklift rental market in 2016, followed by ‘North & Central’ and ‘Eastern’ regions. Several upcoming largescale projects such as Jazan Economic City, King Abdullah Economic City, Jeddah Metro, etc., in ‘West & South’ region of the country are expected to continue fuelling rental demand for forklifts in the region through 2022.

“Saudi Arabia Forklift Rental Market By Forklift Type, By Fuel Type, By Rental Period, Competition Forecast & Opportunities, 2015-2022”, discusses the following aspects of forklift rental market in Saudi Arabia:
  • Saudi Arabia Forklift Rental Market Size, Share & Forecast
  • Segmental Analysis - By Forklift Type (1 - 3.5 Tons, 3.5 - 7 Tons, 7- 10 Tons & Above 10 Tons), By Fuel Type (Diesel, Electric & Petrol/LPG), By Rental Period (Short Term, Short - Medium Term, Medium Term & Long Term)
  • Changing Market Trends & Emerging Opportunities
  • Policy & Regulatory Landscape
  • Competitive Landscape & Strategic Recommendations
Why You Should Buy This Report?
  • To gain an in-depth understanding of forklift rental market in Saudi Arabia.
  • To identify the on-going trends and anticipated growth in the next five years.
  • To help industry consultants and forklift rental companies align their market-centric strategies.
  • To obtain research based business decisions and add weight to presentations and marketing material.
  • To gain competitive knowledge of leading market players.
  • To avail of 10% customization in the report without any extra charges and get research data or trends added in the report as per the buyer’s specific needs.
Report Methodology

The information contained in this report is based upon both primary and secondary sources. Primary research included interviews with forklift rental companies and industry experts. Secondary research included an exhaustive search of relevant publications like company annual reports, financial reports and other proprietary databases.
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FEATURED COMPANIES

  • Al Faris
  • Bin Quraya Rental
  • Kanoo Machinery
  • Peax Equipment Rental
  • MORE
Free Webex Call

Speak directly to the analyst to clarify any post sales queries you may have.

10% Free customization

This report comes with 10% free customization, enabling you to add data that meets your specific business needs.

1. Product Overview

2. Research Methodology

3. Analyst View

4. Saudi Arabia Forklift Rental Market Outlook
4.1. Market Size & Forecast
4.1.1. By Value & Volume
4.2. Market Share & Forecast
4.2.1. By Forklift Type (1 - 3.5 Tons, 3.5 - 7 Tons, 7- 10 Tons & Above 10 Tons)
4.2.2. By Company
4.2.3. By Region
4.2.4. By Fuel Type (Diesel, Electric & Petrol/LPG)
4.2.5. By Rental Period
4.3. Saudi Arabia Forklift Rental Tariff, By Range (Tons), By Average Monthly Rent (SAR & USD)
4.4. Saudi Arabia Forklift Operational Utilization Analysis
4.5. Saudi Arabia Forklift Residual Market Outlook
4.6. Saudi Arabia Used Forklift Market Outlook

5. Saudi Arabia 1 Ton - 3.5 Ton Forklift Rental Market Outlook
5.1. Market Size & Forecast
5.1.1. By Value
5.2. Market Share & Forecast
5.2.1. By Fuel Type (Diesel, Electric, Petrol/LPG)
5.2.2. By Application (Warehouses, Industries & Ports)

6. Saudi Arabia 3.5 Ton - 7 Ton Forklift Rental Market Outlook
6.1. Market Size & Forecast
6.1.1. By Value
6.2. Market Share & Forecast
6.2.1. By Fuel Type (Diesel, Electric, Petrol/LPG)
6.2.2. By Application (Warehouses, Industries & Ports)

7. Saudi Arabia 7 Ton - 10 Ton Forklift Rental Market Outlook
7.1. Market Size & Forecast
7.1.1. By Value
7.2. Market Share & Forecast
7.2.1. By Fuel Type (Diesel, Electric, Petrol/LPG)
7.2.2. By Application (Warehouses, Industries & Ports)

8. Saudi Arabia Above 10 Ton Forklift Rental Market Outlook
8.1. Market Size & Forecast
8.1.1. By Value
8.2. Market Share & Forecast
8.2.1. By Fuel Type (Diesel, Electric, Petrol/LPG)
8.2.2. By Application (Warehouses, Industries & Ports)

9. Market Dynamics
9.1. Drivers
9.2. Challenges

10. Market Trends & Developments
10.1. Operator-Equipment Bundling
10.2. Declining Rental Tariffs
10.3. Anticipated Revival of Economy to Trim Down Forklift Rental Market
10.4. Petrol and LPG forklifts Marking their Presence
10.5. Customization in Rental Agreements

11. Policy & Regulatory Landscape

12. Saudi Arabia Economic Profile

13. Competitive Landscape
13.1. Zahid Tractor and Heavy Machinery Company
13.2. Al-Iman for Contracting & Trading Co.
13.3. Kanoo Machinery
13.4. Peax Equipment Rental
13.5. Byrne Equipment Rental LLC
13.6. Al Faris
13.7. Industrial Supplies Development Co. Ltd. (ISDC Rental Company)
13.8. Bin Quraya Rental
13.9. Hertz Equipment Rental Corporation
13.10. Al Walid Equipment Rental LLC

14. Strategic Recommendations

*Full list of tables and figures available on enquiry.
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Free Webex Call

Speak directly to the analyst to clarify any post sales queries you may have.

10% Free customization

This report comes with 10% free customization, enabling you to add data that meets your specific business needs.

  • Al Faris
  • Al Walid Equipment Rental LLC
  • Al-Iman for Contracting & Trading Co.
  • Bin Quraya Rental
  • Byrne Equipment Rental LLC
  • Hertz Equipment Rental Corporation
  • Industrial Supplies Development Co. Ltd. (ISDC Rental Company)
  • Kanoo Machinery
  • Peax Equipment Rental
  • Zahid Tractor and Heavy Machinery Company
Note: Product cover images may vary from those shown
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Note: Product cover images may vary from those shown
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