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
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 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.
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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