Saudi Arabia Construction Equipment Rental Market 2026

2016 – 2026 SAUDI ARABIA CONSTRUCTION EQUIPMENT RENTAL MARKET FORECAST & OPPORTUNITIES www.techsciresearch.com MARKET INTELLIGENCE . CONSULTING

Scope of Report Product of Interest (POI): Construction Equipment Rental Equipment rental, also called plant hire in some countries (in the UK for instance), is a service industry providing machinery, equipment and tools of all kinds and sizes (from earthmoving to powered access, from power generation to hand-held tools, etc.) for a limited period of time to final users, mainly to construction contractors but also to industry and individual consumers. Renting can be defined as getting equipment for a temporary purposetohelpthepeoplewhoarenotwillingtobuytheequipment. Market Segmentation Equipment Type REGION Year Range • Dump Truck • Mecca • Diesel Genset • Riyadh Review Period • Crane • Eastern 2016 – 2019 • Wheel Loader • Asir • Excavator • Medina Base Year • Bulldozer • East v 2020 • Motor Grader • Telescopic Handler Estimated Year • Others 2021 Forecast Period 2022 – 2026 2

Table of Contents S. No. Contents Page No. Table of Contents 1. Product Overview (A brief description of the category and product inclusions considered under the scope of the study to give clear picture to the client about the product of interest.) 2. Research Methodology (A brief description of the category and product inclusions considered under the scope of the study to give clear picture to the client about the product of interest.) 3. Impact of COVID-19 on Saudi Arabia Construction Equipment Rental Market 4. Executive Summary (This chapter covers summary of the complete study.) 5. Voice of Customer 5.1. Renting Decision Factors 5.2. Brand Recall 5.3. Challenges/Unmet Needs 5.4. Rental Company Switching Attributes 5.5. Rental Company Satisfaction Level 6. Saudi Arabia Construction Equipment Rental Market Outlook, 2016-2026F 6.1. Market Size & Forecast 6.1.1. By Value 6.2. Market Share & Forecast 6.2.1. By Equipment Type (Dump Truck, Diesel Genset, Crane, Wheel Loader, Excavator, Bulldozer, Motor Grader, Telescopic Handler & Others) 6.2.2. By Region 6.2.3. By Company (2020) 3

Table of Contents S. No. Contents Page No. Table of Contents 7. Saudi Arabia Diesel Gensets Rental Market Outlook, 2016-2026F 7.1. Market Size & Forecast 7.1.1. By Value 7.2. Market Share & Forecast 7.2.1. By Power (Upto 250 KW, 251 KW- 750 KW & Above 750 KW) 7.2.2. By End User (Residential, Manufacturing, Commercial, Telecom & Others) 7.2.3. By Company 7.3. Saudi Arabia Diesel Generator Rental Tariff 8. Saudi Arabia Crane Rental Market Outlook, 2016-2026F 8.1. Market Size & Forecast 8.1.1. By Value 8.2. Market Share & Forecast 8.2.1. By Operating Weight (100-200 ton, More Than 200 ton & Less Than 100 ton) 8.2.2. By Company 8.3. Saudi Arabia Crane Rental Tariff 9. Saudi Arabia Excavator Rental Market Outlook, 2016-2026F 9.1. Market Size & Forecast 9.1.1. By Value 9.2. Market Share & Forecast 9.2.1. By Operating Weight (Less than 10-ton, 10 ton-30 ton & More Than 30 ton) 9.2.2. By Company 9.3. Saudi Arabia Excavator Rental Tariff 4

Table of Contents S. No. Contents Page No. Table of Contents 10. Saudi Arabia Wheel Loader Rental Market Outlook, 2016-2026F 10.1. Market Size & Forecast 10.1.1. By Value 10.2. Market Share & Forecast 10.2.1. By Operating Weight (< 15 Ton, 15 Ton- 30 Ton & > 30 Ton) 10.2.2. By Company 10.3. Saudi Arabia Wheel Loader Rental Tariff 11. Saudi Arabia Bulldozer Rental Market Outlook, 2016-2026F 11.1. Market Size & Forecast 11.1.1. By Value 11.2. Market Share & Forecast 11.2.1. By Operating Weight (Less than 10-ton, 10 ton-30 ton & More Than 30 ton) 11.2.2. By Company 11.3. Saudi Arabia Bulldozer Rental Tariff 12. Saudi Arabia Motor Grader Rental Market Outlook, 2016-2026F 12.1. Market Size & Forecast 12.1.1. By Value 12.2. Market Share & Forecast 12.2.1. By Blade Width (Upto 5m blade width & More than 5m blade width ) 12.2.2. By Company 12.3. Saudi Arabia Motor Grader Rental Tariff 5

Table of Contents S. No. Contents Page No. Table of Contents 13. Saudi Arabia Telescopic Handler Rental Market Outlook, 2016-2026F 13.1. Market Size & Forecast 13.1.1. By Value 13.2. Market Share & Forecast 13.2.1. By Operating Weight (Less than 5-ton & Above 5 ton) 13.2.2. By Company 13.3. Saudi Arabia Telescopic Handler Rental Tariff 14. Saudi Arabia Dump Truck Rental Market Outlook, 2016-2026F 14.1. Market Size & Forecast 14.1.1. By Value 14.2. Market Share & Forecast 14.2.1. By Operating Weight (16 cubic meter, 24 cubic meter & 32 cubic meter) 14.2.2. By Company 14.3. Saudi Arabia Dump Truck Rental Tariff 15. Market Dynamics (This chapter assesses the major demand drivers and restraints.) 15.1. Drivers 15.2. Challenges 16. Pricing Analysis 17. Policy & Regulatory Landscape Market Trends & Developments (This section captures recent trends pertaining to manufacturing or 18. consumption, market movements in terms of points of production and consumption, advancements and development) 6

Table of Contents S. No. Contents Page No. Table of Contents 18.1. Growing Inclination towards Chinese Equipment 18.2. Stricter SASO Norms 18.3. Lease to Own Scheme 18.4. Operator-Equipment Bundling 18.5. Continuously Declining Rental Tariff 19. SWOT Analysis 20. Supply Chain Analysis 21. Saudi Arabia Economic Profile 22. Competitive Landscape 22.1. Competition Outlook 22.2. Company Profiles (Top 10 Leading Companies) 22.2.1. Company Details 22.2.2. Products & Services 22.2.3. Financials (As Reported) 22.2.4. Key Market Focus & Geographical Presence 22.2.5. Recent Developments 22.2.6. Key Management Personnel 7

Table of Contents S. No. Contents Page No. 23. Strategic Recommendations 24. About Us & Disclaimer 8

RESEARCH METHODOLOGY

Research Methodology Market Formulating Developing List Data Data Data Profiling Questionnaire of Respondents Collection Validation Analysis In-depth secondary In order to conduct List of industry TechSci conducted Data obtained as a The data was scrutinized research was conducted to industry experts’ players and industry interviews with result of primary using MS-Excel, statistical determine top players in interviews, TechSci specialists was industry experts and and secondary tools and internal Saudi Arabia construction formulated a detailed developed. industry players for research was proprietary database to equipment rental market, discussion guide. data collection and validated through obtain qualitative and overall market size and verification. rigorous quantitative insights about segmental market size. triangulation. Saudi Arabia construction equipment rental market. Primary Research Desk Research Company Analysis Data Data Filter Research & Actionable Business ✓ Identifying Key Opinion ✓ Recent Developments ✓ Market Participants Collection & Analysis Intelligence Insights Solution ✓ Market Changing ✓ Key Strengths Leaders Aspects/Dynamics ✓ Questionnaire Design ✓ Government Policies ✓ In-depth Interviews ✓ Final Conclusion Primary Research Secondary Paid Sources Research ✓ LinkedIn ✓ Company Websites ✓ Factiva ✓ TechSci Internal ✓ Company Annual ✓ Hoovers Database Reports ✓ White Paper Study ✓ Financial Reports ✓ Investor Presentations ✓ Regulatory Body ✓ Associations, etc. 10

Research Methodology Baseline Methodology Our dedicated team of industry experts has monitored and analyzed various aspects of Saudi Arabia construction equipment rental market. The team has analyzed the outlook of various segments of this market, while considering the major influencing factors such as construction equipment rental. The study includes market forecasting, which would enable our clients to take better decisions while planning their strategy to achieve sustainability in Saudi Arabia construction equipment rental market. Methodology Followed forCalculation of Market Size: • MarketSizeByValue :Marketsize, in terms of value , for the year 2020 was calculated based on information collected through exhaustive secondary research and primary surveys, with various key opinion leaders/stakeholders, such as construction equipment rental companies, distributors, suppliers, industry experts, and other industry participants. • The team interviewed more than 40 – 50 construction equipment rental companies, 180 – 200 end users, and 15 – 20 industry experts and other value chain stakeholders in Saudi Arabia construction equipment rental market to obtain the overall market size from 2016 to 2020, which was validated by the Delphi technique. Taking standard deviation into consideration, the market size was averaged out, to arrive at the market size data during 2016-2020. 11

Research Methodology • Respondents were asked about the current and future market growth rates, market shares by equipment type, by region and by company. Removing the outlier responses, the geometric mean of growth estimates and supplier wise revenue shares generated across various segments were considered, to arrive at the final revenue shares. Revenue shares generated across various segments were further triangulated from other stakeholders. Methodology Followed forCalculation of Market Shares: • Market shares by equipment type, by region and by company were calculated based on the responses received through primary surveys with industry experts, in which the respondents were asked about the market shares, trends and recent development in the Saudi Arabia construction equipment rental market. The final shares were calculated by taking the geometric mean of the responses gathered from key opinion leaders after eliminating the outliers. Methodology Followed forForecasting: • TechSci Research performed periodical checks on data collected through the surveys with logic checks and analyzed the survey results in SPSS/TableauSoftware. • Data triangulation techniques were applied to fill the gaps and to present a more meaningful picture of the market. To forecast Saudi Arabia construction equipment rental market, TechSci Research used various forecast techniques such as: ✓ Moving Average ✓ Time Series Analysis ✓ Regression Analysis ✓ Econometric and Judgmental Analysis 12

Research Methodology TechSci Research used its own forecast tool, which is based on the growth of various allied industries in respective regions. TechSci Research also used the impact analysis during short, medium and long- term period to estimate the demand and to reach accurate market numbers. It shouldbenotedthatthefigures compiledareonlyfor the organized marketincludingmarket sharedata. Partial List of Companies Interviewed Key Secondary Sources ▪ Zahid Tractor and Heavy Machinery Company ▪ Construction Equipment Rental Industry Association ▪ General Contracting Company (GCC) ▪ World Bank ▪ Bin QurayaRental ▪ TechSci Research Proprietary Database & Knowledge ▪ Industrial Supplies Development Co. Ltd. (ISDC Repository Rental Company) ▪ Company Annual Reports ▪ Abdulla Nass & Partners Co. Ltd. (ANPC) ▪ Industry Reports ▪ Saad Al Qahtani Contracting (SAQCO) ▪ Statista ▪ Arabian Consolidated Trading Group – Crane & ▪ News Dailies Heavy Equipment Rental ▪ Credible Paid Databases ▪ AltaaqaAlternative Solutions Co. Ltd. ▪ Al Faris ▪ RezayatSparrow Arabian Crane Hire Co. Ltd. 13

Industry Brief Increasing infrastructure development projects are driving the growth in Saudi Arabia construction equipment rental market in the forecast period, 2021-2026. According to TechSci Research report, “Saudi Arabia Construction Equipment Rental Market By Equipment Type (Dump Truck, Diesel Genset, Crane, Wheel Loader, Excavator, Bulldozer, Motor Grader, Telescopic Handler and Others), By Region (South & West, North & Central, East), By Province (Mecca, Riyadh, Eastern, Asir, Medina, East), Competition, Forecast & Opportunities, 2016-2026F”, the Saudi Arabia construction equipment rental market would potentially project a growth of 6.85% in the forecast period, 2021-2026 on the account of rapidly surging demands from the construction industry. Many projects, including port development, airports, railways, bridges, power & water and oil sector, are in the pipeline as of 2020. The government in the kingdom has expressed its plan to enhance the infrastructural development in the country. This is expected to fuel growth in the construction industry and consequently increase the demandforconstructionequipment rental in Saudi Arabia during the forecast period. Moreover, the Saudi Arabian government’s initiatives to transform the country from an oil-based economy to a more reliant on manufacturing and service-based economy are expected to drive the construction market in the region. Furthermore, an increase in government infrastructure spending, population expansion, and an increase in disposable income is believed to have increased demand for residential, commercial, and institutional structures, which will enhance demand for construction equipment. In the following years, the Saudi Arabian government's increased focus on expanding net spending and the introduction of Vision 2030 is expected to considerably enhance the country's economy and construction sector. Among the GCC countries, Saudi Arabia is the fastest-growing destination for exports of heavy machinery from ASEAN nations. Saudi Arabia has led the transformation in the GCC construction market with the development of six economic cities. The Saudi Arabia construction equipment rental market is segmented on the basis of equipment type, province, and regional distribution. Based on Equipment type, the market is further fragmented into Dump Truck, Diesel Genset, Crane, Wheel Loader, Excavator, Bulldozer, Motor Grader, Telescopic Handler and Others. Due to its advantages, the wheel loader is predicted to register the largest revenue shares and dominate the market segment in the next five years. Various advantages associated with wheel loader are High capacity in carrying loads, Options for different sizes, Low maintenance, Versatility in different applications, Ease of operation and reduced operating costs. Apart from its utility as an earthmover, wheel loaders can also be used in different applications. With the option for different attachments, wheel loaders default buckets can be changed into blades, augers, backhoes, hammers, rakes, etc. wheel loaders can also be used to lift trash, carry pipes, compact gravel, move hay bales, drill holes, and hammerstones. Moreover, wheel loaders require less training costs. It also makes the tasks in a job site faster to complete, with less manpower needed to manually carry heavy loads, resulting in fewer days spent on a project and fewer human resources costs. Key market players in the Saudi Arabia Construction Equipment Rental market include Zahid Tractor and Heavy Machinery Company, General Contracting Company (GCC), Bin Quraya Rental, Industrial Supplies Development Co. Ltd. (ISDC Rental Company), Abdulla Nass & Partners Co. Ltd. (ANPC), Saad Al Qahtani Contracting (SAQCO), Arabian Consolidated Trading Group – Crane & Heavy Equipment Rental, Altaaqa Alternative Solutions Co. Ltd., Al Faris, Rezayat Sparrow Arabian Crane Hire Co. Ltd. Based on region, the market is segmented into South & West, North & Central and East Region. South & West region is anticipated to hold the largest revenue shares of the market and dominate the segment in the upcoming five years on account of increasing infrastructure development projects in the region. Furthermore, tourism activities in these regions are expected to contribute to the GDP of the region, thereby creating ample demand for construction activities in the coming years. Growth of the real estate sector across northern & central region is mainly due to increased investments from the government in construction projects which is expected to positively influence the demand for construction equipment. “Saudi Arabia construction equipment rental market is anticipated to grow at a healthy CAGR between 2016-2026, owing to the increasing investment in infrastructure projects, shifting from oil-based economy to service based and increasing foreign direct investment in the kingdom. Moreover, favorable socio- demographic factors such as literacy level, disposable income, etc., and development in financial sector are anticipated to benefit Saudi Arabia construction equipment rental market as a whole during the forecast period.” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global managementconsulting firm. 14

Sample Data -Snapshot Saudi Arabia Construction Equipment Rental Market Size, By Value (USD Million), 2016–2026F 12.00 13.00 14.00 15.00 8.00 9.00 10.00 11.00 5.00 6.00 7.00 2016 CAGR BY VALUE 2020 2021E CAGR BY VALUE 2026F XX% By Value (USD Million) YY% Saudi Arabia Construction Equipment Rental Market Share, By Equipment Type, By Value, 2016–2026F Dump Truck Diesel Genset Crane Wheel Loader Excavator Bulldozer Motor Grader Telescopic Handler Others 2026F 20% 10% 10% 10% 10% 10% 10% 10% 10% 2024F 20% 10% 10% 10% 10% 10% 10% 10% 10% 20% 10% 10% 10% 10% 10% 10% 10% 10% 2022F 20% 10% 10% 10% 10% 10% 10% 10% 10% 20% 10% 10% 10% 10% 10% 10% 10% 10% 2020 20% 10% 10% 10% 10% 10% 10% 10% 10% 20% 10% 10% 10% 10% 10% 10% 10% 10% 2018 20% 10% 10% 10% 10% 10% 10% 10% 10% 20% 10% 10% 10% 10% 10% 10% 10% 10% 20% 10% 10% 10% 10% 10% 10% 10% 10% 2016 20% 10% 10% 10% 10% 10% 10% 10% 10% Saudi Arabia Crane Rental Market Share, By Operating Weight, By Value, 2016–2026F 100 Ton- 200 Ton More Than 200 ton Less Than 100 ton 2026F 34% 33% 33% 2024F 34% 33% 33% 34% 33% 33% 2022F 34% 33% 33% 34% 33% 33% 2020 34% 33% 33% 34% 33% 33% 2018 34% 33% 33% 34% 33% 33% 34% 33% 33% 2016 34% 33% 33% 15

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