Saudi Arabia Construction Material Handling Equipment Market to Reach USD2.91 Billion Mark by 2030

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The Saudi Arabia Construction Material Handling Equipment Market size was valued at around USD1.77 billion in 2024 and is projected to reach USD2.91 billion by 2030. The market is also estimated to grow at a CAGR of around 8.11% during the forecast period, i.e., 2025-30, cites MarkNtel Advisors in the recent research report. This market growth is observed due to a rise in investment in the construction sector, the expansion of various industries and manufacturing units, government initiatives and policies towards infrastructure growth, and various other factors.

The plans and investments of the government to attain the Vision 2030 have led to a rise in construction activities across the nation. Vision 2030 aims to develop an advanced tech ecosystem and a stable and blooming economy. To achieve these, there has been an investment of around USD533.4 billion through Saudi Arabia’s Public Investment Funds for the setting up of various infrastructure projects such as NEOM, the Red Sea Project, and projects in Qiddiya. These in turn shall increase the demand for various construction material handling equipment such as Forklifts, telehandlers, and loaders in the country.

Moreover, with advancements in technologies, including Industrial Internet of Things (IIoT), sensors, and automated guided vehicles, are being developed to ease transportation and construction material handling tasks. They operate on the cloud for managing and storing data, which leads to the effective operation of equipment. Such vehicles are often auto-driven, reducing the labor cost, errors, and time. Thus, to remain cost-efficient and to avoid time restrain, automated guided vehicles are adopted across several sectors, including construction, further states the research report, “Saudi Arabia Construction Material Handling Equipment Market Analysis, 2025.”

Saudi Arabia Construction Material Handling Equipment Market Segmentation Analysis

Forklift is the Most Preferred Equipment Type

Based on the type of equipment, the market is further bifurcated into cranes, forklift, loader, telehandlers, and others. The forklift segment holds the major market share, around 41%, followed by cranes. This is due to its ability to carry various kinds of materials, such as bags, boxes, wood, and others. It easily handles and transports these materials over shorter distances. This leads to an increase in their utility in storing and managing the material, especially in ports and warehouses. In warehouses and ports, human beings are less efficient as they require more time to reach the heights to store and lift, whereas forklifts with their tongs-like structure easily reach the destined location and manage. The Customs Warehouse Development Project of the Saudi government planned to develop 13 warehouses on the ports, including the establishment of 12 new warehouses and the remodeling of one warehouse across multiple regions, in 2024. This enhancement in logistic services has increased the demand for forklifts during and after the establishment, in the region.

Construction Sector Generating Maximum Market Demand

The construction sector is booming in Saudi Arabia due to the promotion of Vision 2030. Under which the country aims to achieve advanced, flourishing, high-tech cities to attract global manufacturers and industrialists to the nation. Oxagon, a floating industrial region under NEOM city, is under progress; its first phase was completed in 2021, whereas the second phase was planned to initiate in 2023. This region is being set up to integrate Advanced Industry 4.0. To build and establish manufacturing units, mega construction projects are underway, resulting in an increase in construction within the region.

The Riyadh Metro, a part of the King Abdulaziz Project, comprising six metro lines, is also in progress, with two red and blue metro lines completed and inaugurated in 2024. Such large-scale development projects have fueled the construction activities, leading to the growth in the construction material handling equipment market of Saudi Arabia.

Competitive Landscape

With strategic initiatives, such as mergers, collaborations, and acquisitions, the leading market companies, including Caterpillar, CNH Industrial, Komatsu, Volvo Group, Sumitomo Heavy Industries, Ltd., Hitachi Construction Machinery Global, XCMG Group, Doosan Bobcat, HD Hyundai Xitesolution, Manitowoc Company, Inc., and others are looking forward to strengthening their market positions.

Key Questions Answered in the Research Report

1. What are the industry’s overall statistics or estimates (Overview, Size- By Value, Forecast Numbers, Segmentation, Shares)?
2. What are the trends influencing the current scenario of the market?
3. What key factors would propel and impede the industry across the country?
4. How has the industry been evolving in terms of geography & product adoption?
5. How has the competition been shaping up across the country?
6. How have buying behavior, customer inclination, and expectations from product manufacturers been evolving during 2025-30?
7. Who are the key competitors, and what strategic partnerships or ventures are they coming up with to stay afloat during the projected time frame?