Saudi Arabia Construction Equipment Rental Market, By Equipment Type (Wheel Loader, Crane, Excavator, Bulldozer, Dump Truck, Diesel Genset, Motor Grader and Telescopic Handler, Others), By Region, By Province, Competition, Forecast and Opportunities, 2017-2027

June 2022 | 128 pages | ID: S4EB8476975EN
TechSci Research

Abstracts

Saudi Arabia construction equipment rental market is expected to grow at a steady CAGR of 7.57% to reach a value of USD2395.33 million by 2027. Factors such as favorable government policies and the rise in infrastructure developments are the primary drivers for the Saudi Arabia construction equipment rental market. Also, the changing preference of end-users towards the adoption of rental construction equipment services owing to their enhanced affordability and easy availability are expected to play a crucial role in accelerating the market demand over the forecast period.

Saudi Arabia is majorly dependent on the oil & gas industry for revenue generation. The government is trying to reduce its dependency on the oil & gas industry and diversify its income sources by launching mega-budget plans like the Saudi Vision 2030 National Transformation Program. To achieve the targets set by the leading authorities, the government is promoting infrastructural development in the country. Several projects launched by the government, including the Red Sea Tourism Project, Qiddiya entertainment city, and Riyadh Metro, are expected to boost the demand for construction equipment rental services over the forecast period. The ongoing infrastructure development activities are supported by National Infrastructure Fund (NIF) in 2021 with an aim to attract private investment and partnerships in the country.

The Saudi Arabia construction equipment rental market is segmented into equipment type, region, province, and competitive landscape. Based on the provincial analysis, the Eastern region dominated the market in 2021, with a market share of 34.57% of the overall market share. Eastern province is witnessing rapid urbanization, industrialization, and infrastructure development activities in line with the Kingdom’s Vision 2030. Recently, Prince Saud Bin Naif, emir of the Eastern Province, launched a Central Awamiyah project to develop a tourist destination and a civil, cultural, and artistic center in the Eastern province, which is expected to fuel the demand for construction equipment rental services.

Zahid Tractor and Heavy Machinery Co. Ltd, General Contracting Company (GCC), Bin Quraya for Rental and Heavy Equipment, Industrial Supplies Development Co. Ltd. (ISDC Rental Company , Abdulla Nass & Partners Co. Ltd. (ANPC), Saad Al Qahtani Contracting Co. (SAQCO), Arabian Consolidated Trading (ACT Crane & Heavy Equipment), Altaaqa Alternative Solutions Company, Al Faris Group, Rezayat Sparrow Arabian Crane Hire Co. Ltd are the major market players operating in the Saudi Arabia construction equipment rental market.

Years considered for this report:

• Historical Years: 2017-2020
• Base Year: 2021
• Estimated Year: 2022E
• Forecast Period: 2023F–2027F

Objective of the Study:

• To analyze the historical growth in the market size of the Saudi Arabia construction equipment rental market from 2017 to 2021.
• To estimate and forecast the market size of Saudi Arabia construction equipment rental market from 2022E to 2027F and growth rate until 2027F.
• To classify and forecast the Saudi Arabia construction equipment rental market based on equipment type, region, province, competitive landscape.
• To identify the dominant region or segment in the Saudi Arabia construction equipment rental market.
• To identify drivers and challenges for Saudi Arabia construction equipment rental market.
• To examine competitive developments such as expansions, mergers & acquisitions, etc., in the Saudi Arabia construction equipment rental market.
• To identify and analyze the profiles of leading players operating in the Saudi Arabia construction equipment rental market.
• To identify key sustainable strategies adopted by market players in the Saudi Arabia construction equipment rental market.

TechSci Research performed both primary as well as exhaustive secondary research for this study. Initially, TechSci Research sourced a list of service providers across the country. Subsequently, TechSci Research conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, TechSci Research could include the service providers which could not be identified due to the limitations of secondary research. TechSci Research analyzed the service providers, distribution channels and presence of all major players across the country.

TechSci Research calculated the market size of the Saudi Arabia construction equipment rental market using a bottom-up approach, wherein data for various end-user segments was recorded and forecast for the future years. TechSci Research sourced these values from the industry experts and company representatives and externally validated through analyzing historical data of these services for getting an appropriate, overall market size. Various secondary sources such as company websites, news articles, press releases, company annual reports, investor presentations and financial reports were also studied by TechSci Research.

Key Target Audience:

• Construction equipment rental service providers
• Market research and consulting firms
• Government bodies such as regulating authorities and policy makers
• Organizations, forums, and alliances related to construction equipment rental

The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as service providers, suppliers and partners, end users, etc., besides allowing them in strategizing investments and capitalizing on market opportunities.

Report Scope:

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

• Saudi Arabia Construction Equipment Rental Market, By Equipment Type:
• Wheel Loader
• Crane
• Excavator
• Bulldozer
• Dump Truck
• Diesel Genset
• Motor Grader
• Telescopic Handler
• Others
• Saudi Arabia Construction Equipment Rental Market, By Region:
• South & West
• North & Central
• East
• Saudi Arabia Construction Equipment Rental Market, By Province:
• East
• Mecca
• Riyadh
• Eastern
• Asir
• Medina

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in Saudi Arabia construction equipment 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).

Contents

1. SERVICE OVERVIEW

2. RESEARCH METHODOLOGY

3. EXECUTIVE SUMMARY

4. IMPACT OF COVID-19 ON SAUDI ARABIA CONSTRUCTION EQUIPMENT RENTAL MARKET

5. VOICE OF CUSTOMER

5.1. Factors Influencing Renting Decisions
5.2. Challenges/Unmet Needs
5.3. Rental Company Switching Attributes
5.4. Key Satisfaction Level

6. SAUDI ARABIA CONSTRUCTION EQUIPMENT RENTAL MARKET OUTLOOK

6.1. Market Size & Forecast
  6.1.1. By Value
6.2. Market Share & Forecast
  6.2.1. By Equipment Type (Wheel Loader, Crane, Excavator, Bulldozer, Dump Truck, Diesel Genset, Motor Grader and Telescopic Handler, Others)
  6.2.2. By Region (South & West, North & Central, East)
  6.2.3. By Province (East, Mecca, Riyadh, Eastern, Asir, Medina)
  6.2.4. By Company (2021)
6.3. Product Market Map (By Equipment Type, By Region, By Province)

7. SAUDI ARABIA WHEEL LOADER RENTAL MARKET OUTLOOK

7.1. Market Size & Forecast
  7.1.1. By Value
7.2. Market Share & Forecast
  7.2.1. By Operating Weight
  7.2.2. By Company
7.3. Wheel loader Rental Tariff

8. SAUDI ARABIA CRANE RENTAL MARKET OUTLOOK

8.1. Market Size & Forecast
  8.1.1. By Value
8.2. Market Share & Forecast
  8.2.1. By Operating Weight
  8.2.2. By Company
8.3. Crane Rental Tariff

9. SAUDI ARABIA EXCAVATOR RENTAL MARKET OUTLOOK

9.1. Market Size & Forecast
  9.1.1. By Value
9.2. Market Share & Forecast
  9.2.1. By Operating Weight
  9.2.2. By Company
9.3. Excavator Rental Tariff

10. SAUDI ARABIA BULLDOZER RENTAL MARKET OUTLOOK

10.1. Market Size & Forecast
  10.1.1. By Value
10.2. Market Share & Forecast
  10.2.1. By Operating Weight
  10.2.2. By Company
10.3. Bulldozer Rental Tariff

11. SAUDI ARABIA DUMP TRUCK RENTAL MARKET OUTLOOK

11.1. Market Size & Forecast
  11.1.1. By Value
11.2. Market Share & Forecast
  11.2.1. By Operating Weight
  11.2.2. By Company
11.3. Dump Truck Rental Tariff

12. SAUDI ARABIA DIESEL GENSET RENTAL MARKET OUTLOOK

12.1. Market Size & Forecast
  12.1.1. By Value
12.2. Market Share & Forecast
  12.2.1. By End User
  12.2.2. By Power
  12.2.3. By Company
12.3. Diesel Genset Rental Tariff

13. SAUDI ARABIA MOTOR GRADER RENTAL MARKET OUTLOOK

13.1. Market Size & Forecast
  13.1.1. By Value
13.2. Market Share & Forecast
  13.2.1. By Blade Width
  13.2.2. By Company
13.3. Motor Grader Rental Tariff

14. SAUDI ARABIA TELESCOPIC HANDLER RENTAL MARKET OUTLOOK

14.1. Market Size & Forecast
  14.1.1. By Value
14.2. Market Share & Forecast
  14.2.1. By Operating Weight
  14.2.2. By Company
14.3. Telescopic Handler Rental Tariff

15. MARKET DYNAMICS

15.1. Drivers
15.2. Challenges

16. PRICING ANALYSIS

17. POLICY AND REGULATORY LANDSCAPE

18. MARKET TRENDS AND DEVELOPMENTS

19. SWOT ANALYSIS

20. SUPPLY CHAIN ANALYSIS

21. SAUDI ARABIA ECONOMIC PROFILE

22. COMPANY PROFILES

22.1. Zahid Tractor and Heavy Machinery Co. Ltd
22.2. General Contracting Company (GCC)
22.3. Bin Quraya for Rental and Heavy Equipment
22.4. Industrial Supplies Development Co. Ltd. (ISDC Rental Company)
22.5. Abdulla Nass & Partners Co. Ltd. (ANPC)
22.6. Saad Al Qahtani Contracting Co. (SAQCO)
22.7. Arabian Consolidated Trading (ACT Crane & Heavy Equipment)
22.8. Altaaqa Alternative Solutions Company
22.9. Al Faris Group
22.10. Rezayat Sparrow Arabian Crane Hire Co. Ltd

23. STRATEGIC RECOMMENDATIONS

24. ABOUT US & DISCLAIMER

List Of Figures

LIST OF FIGURES

Figure 1: Saudi Arabia Construction Equipment Rental Market Size, By Value (USD Million), 2017-2027F
Figure 2: Saudi Arabia Construction Equipment Rental Market Share, By Equipment Type, By Value, 2017-2027F
Figure 3: Saudi Arabia Construction Equipment Rental Market Share, By Region, By Value, 2017-2027F
Figure 4: Saudi Arabia Construction Equipment Rental Market Share, By Province, By Value, 2017-2027F
Figure 5: Saudi Arabia Construction Equipment Rental Market Share, By Company, By Value, 2021
Figure 6: Saudi Arabia Construction Equipment Rental Market Map, By Equipment Type, Market Size (USD Million) & Growth Rate (%), 2021
Figure 7: Saudi Arabia Construction Equipment Rental Market Map, By Region, Market Size (USD Million) & Growth Rate (%), 2021
Figure 8: Saudi Arabia Construction Equipment Rental Market Map, By Province, Market Size (USD Million) & Growth Rate (%), 2021
Figure 9: Saudi Arabia Wheel Loader Rental Market Size, By Value (USD Million), 2017-2027F
Figure 10: Saudi Arabia Wheel Loader Rental Market Share, By Operating Weight, By Value, 2017-2027F
Figure 11: Saudi Arabia Wheel Loader Rental Market Share, By Company, By Value, 2021
Figure 12: Saudi Arabia Wheel Loader Rental Tariff, By Value (USD Thousand), 2017-2027F
Figure 13: Saudi Arabia Crane Rental Market Size, By Value (USD Million), 2017-2027F
Figure 14: Saudi Arabia Crane Rental Market Share, By Operating Weight, By Value, 2017-2027F
Figure 15: Saudi Arabia Crane Rental Market Share, By Company, By Value, 2021
Figure 16: Saudi Arabia Crane Rental Tariff, By Value (USD Thousand), 2017-2027F
Figure 17: Saudi Arabia Excavator Rental Market Size, By Value (USD Million), 2017-2027F
Figure 18: Saudi Arabia Excavator Rental Market Share, By Operating Weight, By Value, 2017-2027F
Figure 19: Saudi Arabia Excavator Rental Market Share, By Company, By Value, 2021
Figure 20: Saudi Arabia Excavator Rental Tariff, By Value (USD Thousand), 2017-2027F
Figure 21: Saudi Arabia Bulldozer Rental Market Size, By Value (USD Million), 2017-2027F
Figure 22: Saudi Arabia Bulldozer Rental Market Share, By Operating Weight, By Value, 2017-2027F
Figure 23: Saudi Arabia Bulldozer Rental Market Share, By Company, By Value, 2021
Figure 24: Saudi Arabia Bulldozer Rental Tariff, By Value (USD Thousand), 2017-2027F
Figure 25: Saudi Arabia Dump Truck Rental Market Size, By Value (USD Million), 2017-2027F
Figure 26: Saudi Arabia Dump Truck Rental Market Share, By Operating Weight, By Value, 2017-2027F
Figure 27: Saudi Arabia Dump Truck Rental Market Share, By Company, By Value, 2021
Figure 28: Saudi Arabia Dump Truck Rental Tariff, By Value (USD Thousand), 2017-2027F
Figure 29: Saudi Arabia Diesel Genset Rental Market Size, By Value (USD Million), 2017-2027F
Figure 30: Saudi Arabia Diesel Genset Rental Market Share, By End User, By Value, 2017-2027F
Figure 31: Saudi Arabia Diesel Genset Rental Market Share, By Power, By Value, 2017-2027F
Figure 32: Saudi Arabia Diesel Genset Rental Market Share, By Company, By Value, 2021
Figure 33: Saudi Arabia Diesel Genset Rental Tariff, By Value (USD Thousand), 2017-2027F
Figure 34: Saudi Arabia Motor Grader Rental Market Size, By Value (USD Million), 2017-2027F
Figure 35: Saudi Arabia Motor Grader Rental Market Share, By Blade Width, By Value, 2017-2027F
Figure 36: Saudi Arabia Motor Grader Rental Market Share, By Company, By Value, 2021
Figure 37: Saudi Arabia Motor Grader Rental Tariff, By Value (USD Thousand), 2017-2027F
Figure 38: Saudi Arabia Telescopic Handler Rental Market Size, By Value (USD Million), 2017-2027F
Figure 39: Saudi Arabia Telescopic Handler Rental Market Share, By Operating Weight, By Value, 2017-2027F
Figure 40: Saudi Arabia Telescopic Handler Rental Market Share, By Company, By Value, 2021
Figure 41: Saudi Arabia Telescopic Handler Rental Tariff, By Value (USD Thousand), 2017-2027F