Saudi Arabia Forklift Rental Market Size, Share, Growth & Forecast 2023

Summary

Report Description

Saudi Arabia forklift rental market stood at over $ 14 million in 2017 and is projected to surpass $ 18 million by 2023. Growth in the market is led by rising inclination towards renting a forklift equipment and increasing number of greenfield and brownfield projects in Saudi Arabia. Moreover, flourishing construction industry along with declining rental tariffs due to increasing competition is further anticipated to fuel growth in Saudi Arabia forklift rental market in the coming years.

Years considered for this report:

Historical Year: 2015-2016

Base Year: 2017

Estimated Year: 2018

Forecast Period: 2019–2023

Objective of the Study:

To analyze and forecast the market size of Saudi Arabia forklift rental market.
To classify and forecast Saudi Arabia forklift rental market based on forklift type, fuel type, rental period and region.
To identify drivers and challenges for Saudi Arabia forklift rental market.
To identify market trends & developments for Saudi Arabia forklift rental market.

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Some of the major players operating in Saudi Arabia Forklift Rental Market are Zahid Tractor and Heavy Machinery Company, Al-Iman for Contracting & Trading Co., Kanoo Machinery, Al Faris, Peax Equipment Rental, Byrne Equipment Rental LLC, Industrial Supplies Development Co. Ltd. (ISDC Rental Company), Bin Quraya Rental, Hertz Equipment Rental Corporation, and Al Walid Equipment Rental LLC.

To perform the study, TechSci Research conducted primary as well as exhaustive secondary research. Initially, TechSci Research prepared an exhaustive list of rental companies operating in Saudi Arabia. Subsequently, TechSci Research conducted primary research surveys, which included primary calls, email responses, etc., with the identified companies. While interviewing, the respondents were also asked about their major competitors. Through this technique, TechSci Research could include manufacturers which could not be identified due to the limitations of secondary research. TechSci Research analyzed product offerings, distribution channels, and regional presence of all major forklift rental companies across Saudi Arabia.

TechSci Research sourced these value & volume data points from industry experts and company representatives, and externally validated through analyzing historical sales data of respective manufacturers to arrive at the overall market size. TechSci Research calculated the market size for Saudi Arabia forklift rental market using a bottom-up technique, wherein the value service data for different user types was recorded as well as forecast for the future years. TechSci Research sourced these values from industry experts and company representatives, and externally validated through analyzing historical data of respective companies to arrive at the overall market size. Multiple secondary sources such as directories, databases such as ACEA, World Bank, company websites, company annual reports, white papers, investor presentations and financial reports were also studied by TechSci Research.

Key Target Audience:

Forklift rental companies, dealers and other stakeholders

Associations, organizations, forums and alliances related to construction industry
Government bodies such as regulating authorities and policy makers
Market research and consulting firms

The study is useful in providing answers to several critical questions that are important for industry stakeholders such as forklift rental market companies, dealers and policy makers. The study would also help them to target the growing segments over the coming years, thereby aiding the stakeholders in taking investment decisions and facilitating their expansion.

Report Scope:

In this report, Saudi Arabia forklift rental market has been segmented into following categories, in addition to the industry trends which have also been detailed below:

Market, by Forklift Type:

1 - 3.5 Ton
3.5 – 7 tons
7– 10 tons
Above 10 tons

Market, by Fuel Type:

Diesel
Electric
Petrol/LPG

Market, by Rental Period:

Short Term
Short Term-Medium Term
Medium Term
Long Term

Market, by Region:

Eastern
Central
Northern
Western
Southern

Market, by Company:

Zahid Tractor and Heavy Machinery Company
Al-Iman for Contracting & Trading Co.
Kanoo Machinery
Al Faris
Peax Equipment Rental
Others

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in Saudi Arabia Forklift rental market

Available Customizations:

With the given market data, TechSci Research offers customizations according to a company’s specific needs. The following customization options are available for the report:

Company Information

Detailed analysis and profiling of additional market players (up to five)

Table of content

1. Product Overview

2. Research Methodology

3. Analyst View

4. Voice of Customer

4.1. Factors Influencing Renting Decision

4.2. Brand Recall

4.3. Challenges and Unmet Needs

4.4. Brand Satisfaction Level

5. Saudi Arabia Forklift Rental Market Outlook

5.1. Market Size & Forecast

5.1.1. By Value & Volume

5.2. Market Share & Forecast

5.2.1. By Forklift Type (1 – 3.5 Tons, 3.5 – 7 Tons, 7– 10 Tons and Above 10 Tons)

5.2.2. By Fuel Type (Diesel, Electric and Petrol/LPG)

5.2.3. By Rental Period (Short Term, Short-Medium Term, Medium Term, and Long Term)

5.2.4. By Company

5.2.5. By Region

5.3. Saudi Arabia Forklift Rental Tariff

5.4. Saudi Arabia Forklift Operational Utilization Analysis

5.5. Saudi Arabia Forklift Residual Market Outlook

5.5.1. Markit Size & Forecast

5.5.1.1. By Value & Volume

5.6. Saudi Arabia Used Forklift Market Outlook

5.6.1. Markit Size & Forecast

5.6.1.1. By Value

5.7. Market Attractiveness Index – By Forklift Type

6. Saudi Arabia 1 Ton – 3.5 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, and Petrol/LPG)

6.2.2. By Application (Warehouses, Industries and Ports)

6.3. Market Attractiveness Index – By Application

7. Saudi Arabia 3.5 Ton – 7 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, and Petrol/LPG)

7.2.2. By Application (Warehouses, Industries and Ports)

7.3. Market Attractiveness Index – By Application

8. Saudi Arabia 7 Ton – 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, and Petrol/LPG)

8.2.2. By Application (Warehouses, Industries and Ports)

8.3. Market Attractiveness Index – By Application

9. Saudi Arabia Above 10 Ton Forklift Rental Market Outlook

9.1. Market Size & Forecast

9.1.1. By Value

9.2. Market Share & Forecast

9.2.1. By Fuel Type (Diesel, Electric, and Petrol/LPG)

9.2.2. By Application (Warehouses, Industries and Ports)

9.3. Market Attractiveness Index – By Application

10. Market Dynamics

10.1. Drivers

10.2. Challenges

11. Market Trends & Developments

12. Policy & Regulatory Landscape

13. Saudi Arabia Economic Profile

14. Competitive Landscape

14.1. Zahid Tractor and Heavy Machinery Company

14.2. Al-Iman for Contracting & Trading Co.

14.3. Kanoo Machinery

14.4. Al Faris

14.5. Peax Equipment Rental

14.6. Byrne Equipment Rental LLC

14.7. Industrial Supplies Development Co. Ltd. (ISDC Rental Company)

14.8. Bin Quraya Rental

14.9. Hertz Equipment Rental Corporation

14.10. Al Walid Equipment Rental LLC

15. Strategic Recommendations

Figures and Tables

List of Figures

Figure 1: Saudi Arabia Forklift Rental Market - Factors Influencing Renting Decision for Forklift (N=75)

Figure 2: Saudi Arabia Forklift Rental Market - Aided Rental Company Recall (N=75)

Figure 3: Saudi Arabia Forklift Rental Market- Challenges/Unmet needs (N=75)

Figure 4: Saudi Arabia Forklift Rental Market – Rental Company Switching (N=75)

Figure 5: Saudi Arabia Forklift Rental Market – Rental Company Switching Attributes (N=75)

Figure 6: Saudi Arabia Forklift Rental Market - Rental Company Satisfaction Level (N=75)

Figure 7: Saudi Arabia Forklift Rental Market – Rental Company Satisfaction Level, By Rent (N=75)

Figure 8: Saudi Arabia Forklift Rental Market – Rental Company Satisfaction Level, By Product Quality (N=75)

Figure 9: Saudi Arabia Forklift Rental Market – Rental Company Satisfaction Level, By Availability (N=75)

Figure 10: Saudi Arabia Forklift Rental Market – Rental Company Satisfaction Level, By Service (N=75)

Figure 11: Saudi Arabia Forklift Rental Market Size, By Value (USD Million), By Volume (Unit), 2015-2023F

Figure 12: Saudi Arabia Forklift Rental Market Share, By Forklift Type, By Volume, 2015-2023F

Figure 13: Saudi Arabia Forklift Rental Market Share, By Fuel Type, By Value, 2015-2023F

Figure 14: Saudi Arabia Road Length in Kilometer, 2012-2016

Figure 15: Saudi Arabia Forklift Rental Market Share, By Rental Period, By Value, 2015-2023F

Figure 16: Saudi Arabia Forklift Rental Market Share, By Company, By Value, 2017 & 2023F

Figure 17: Saudi Arabia Forklift Rental Market Share, By Region, By Value, 2017 & 2023F

Figure 18: Saudi Arabia Forklift Operational Utilization Analysis, By Value

Figure 19: Saudi Arabia Forklift Residual Market Outlook, By Value (USD Million), By Volume (Unit), 2015-2023F

Figure 20: Saudi Arabia Used Forklift Market Outlook, By Value, 2015-2023F (USD Million)

Figure 21: Saudi Arabia Forklift Rental Market Attractiveness Index, By Forklift Type, By Volume, 2018E-2023F

Figure 22: Saudi Arabia 1 Ton – 3.5 Ton Forklift Rental Market Size, By Value, 2015-2023F (USD Million)

Figure 23: Saudi Arabia 1 Ton – 3.5 Ton Forklift Rental Market Share, By Fuel Type, By Value, 2015-2023F

Figure 24: Saudi Arabia 1 Ton – 3.5 Ton Forklift Rental Market Share, By Application, By Value, 2015-2023F

Figure 25: Saudi Arabia 1 Ton – 3.5 Ton Forklift Rental Market Attractiveness Index, By Application, By Value, 2018E-2023F

Figure 26: Saudi Arabia 3.5 Ton – 7 Ton Forklift Rental Market Size, By Value, 2015-2023F (USD Million)

Figure 27: Saudi Arabia 3.5 Ton – 7 Ton Forklift Rental Market Share, By Fuel Type, By Value, 2015-2023F

Figure 28: Saudi Arabia 3.5 Ton – 7 Ton Forklift Rental Market Share, By Application, By Value, 2015-2023F

Figure 29: Saudi Arabia 3.5 Ton – 7 Ton Forklift Rental Market Attractiveness Index, By Application, By Value, 2018E-2023F

Figure 30: Saudi Arabia 7 Ton – 10 Ton Forklift Rental Market Size, By Value, 2015-2023F (USD Million)

Figure 31: Saudi Arabia 7 Ton – 10 Ton Forklift Rental Market Share, By Fuel Type, By Value, 2015-2023F

Figure 32: Saudi Arabia 7 Ton – 10 Ton Forklift Rental Market Share, By Application, By Value, 2015-2023F

Figure 33: Saudi Arabia 7 Ton – 10 Ton Forklift Rental Market Attractiveness Index, By Application, By Value, 2018E-2023F

Figure 34: Saudi Arabia Above 10 Ton Forklift Rental Market Size, By Value, 2015-2023F (USD Million)

Figure 35: Saudi Arabia Above 10 Ton Forklift Rental Market Share, By Fuel Type, By Value, 2015-2023F

Figure 36: Saudi Arabia Above 10 Ton Forklift Rental Market Share, By Application, By Value, 2015-2023F

Figure 37: Saudi Arabia Major Upcoming Projects, As of 2017

Figure 38: Saudi Arabia Above 10 Ton Forklift Rental Market Attractiveness Index, By Application, By Value, 2018E-2023F

List of Tables

Table 1: Saudi Arabia Ongoing Mega Construction Projects, By Location, By Investment (USD Billion), As of 2017

Table 2: Saudi Arabia Forklift Rental Market, By Rental Tariff (USD), By Value, 2017

Table 3: Saudi Arabia Ongoing Major Infrastructure Projects, By Location, By Estimated Value, By Expected Year

of Completion

Table 4: Saudi Arabia Construction Industry Size, By Value, 2016-2021F (USD Billion)

Table 5: Saudi Arabia Ongoing & Upcoming Industrial Projects, By Region, By Cost (USD Million) As of 2017

Table 6: Saudi Arabia Major Upcoming Hotels, By Location, By Number of Rooms, As of 2017

Table 7: Saudi Arabia List of Major Ports, By Location

Table 8: Saudi Arabia Ongoing Infrastructure Projects, By Estimated Cost (USD Billion), As of 2017

Table 9: Saudi Arabia Major Ongoing Airport Expansion Projects, By Location, By Cost (USD Million)

Table 10: Saudi Arabia Ongoing & Upcoming Industrial Projects, By Region, By Cost (USD Million)

Table 11: Saudi Arabia Ongoing & Upcoming Commercial Projects, By Region, By Cost (USD Million) As of 2017

Frequently asked questions

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Business Consultant

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Press Release

Growing Construction Sector to Aid Growth of Saudi Arabia Forklift Rental Market

Sep, 2018

Rapidly growing construction industry along with rising number of industrial and infrastructural projects to propel Saudi Arabia forklift rental market through 2023 According to TechSci Research rep

Saudi Arabia Forklift Rental Market By Forklift Type (1–3.5 Ton, 3.5–7 Ton & Others), By Fuel Type (Diesel, Electric & Petrol/LPG), By Rental Period (Short Term, Short-Medium Term, Medium Term & Long Term), Competition Forecast & Opportunities, 2023

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