Saudi Arabia Construction Equipment Rental Market Size & Outlook
Saudi Arabia construction equipment rental market, 2018-2030 (US$M)
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Saudi Arabia construction equipment rental market highlights
- The Saudi Arabia construction equipment rental market generated a revenue of USD 1,182.0 million in 2023 and is expected to reach USD 1,818.3 million by 2030.
- The Saudi Arabia market is expected to grow at a CAGR of 6.3% from 2024 to 2030.
- In terms of segment, earth moving machinery was the largest revenue generating product in 2023.
- Concrete & Road Construction Machinery is the most lucrative product segment registering the fastest growth during the forecast period.
Construction equipment rental market data book summary
| Market revenue in 2023 | USD 1,182.0 million |
| Market revenue in 2030 | USD 1,818.3 million |
| Growth rate | 6.3% (CAGR from 2023 to 2030) |
| Largest segment | Earth moving machinery |
| Fastest growing segment | Concrete & Road Construction Machinery |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Earth Moving Machinery, Material Handling Machinery, Concrete & Road Construction Machinery |
| Key market players worldwide | Caterpillar Inc, Finning International Inc, Liebherr Group, Kanamoto Co Ltd, United Rentals Inc |
Other key industry trends
- In terms of revenue, Saudi Arabia accounted for 0.6% of the global construction equipment rental market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Middle East & Africa, Saudi Arabia construction equipment rental market is projected to lead the regional market in terms of revenue in 2030.
- Saudi Arabia is the fastest growing regional market in Middle East & Africa and is projected to reach USD 1,818.3 million by 2030.
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Construction Equipment Rental Market Scope
Construction Equipment Rental Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Saudi Arabia construction equipment rental market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to construction equipment rental market will help companies and investors design strategic landscapes.
Earth moving machinery was the largest segment with a revenue share of 56.19% in 2023. Horizon Databook has segmented the Saudi Arabia construction equipment rental market based on earth moving machinery, material handling machinery, concrete & road construction machinery covering the revenue growth of each sub-segment from 2018 to 2030.
- Saudi Arabia Construction Equipment Rental Product Outlook (Revenue, USD Million, 2018-2030)
- Earth Moving Machinery
- Excavator
- Loader
- Dozer
- Motor Grader
- Dump Truck
- Material Handling Machinery
- Crawler Cranes
- Trailer Mounted Cranes
- Truck Mounted Cranes
- Concrete & Road Construction Machinery
- Concrete Mixer & Pavers
- Construction Pumps
- Others
- Earth Moving Machinery
- Saudi Arabia Construction Equipment Rental Propulsion Type Outlook (Revenue, USD Million, 2018-2030)
- ICE
- Electric
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Target buyers of Saudi Arabia construction equipment rental market databook
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Our clientele includes a mix of construction equipment rental market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of country-level data and insights on the Saudi Arabia construction equipment rental market , including forecasts for subscribers. This country databook contains high-level insights into Saudi Arabia construction equipment rental market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Saudi Arabia construction equipment rental market size, by product, 2018-2030 (US$M)
Saudi Arabia Construction Equipment Rental Market Outlook Share, 2023 & 2030 (US$M)
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