Saudi Arabia Forklift Rental Market Research Report: Forecast (2026-2032)

Saudi Arabia Forklift Rental Market - By Truck Class (Class I – Electric Rider, Class II – Narrow-Aisle, Class III – Electric Hand, Class IV – ICE Cushion, Class V – ICE Pneumatic)......Pneumatic), By Product Type (Counterbalance, Warehouse, By Operation (Manual, Autonomous), By Power Source (Electric, Hybrid, Internal Combustion Engine), By Tonnage Capacity (Up to 5 Tons, 5.1 to 7 Tons, 7.1 to 10 Tons, More Than 10 Tons), By Rental Duration (Short-Term Rentals (up to 6 Months), Long-Term Rentals (More than 6 months), By End User (Construction, Warehousing and Logistics, Retail, Airports, Smelters and Foundries, Others), and others Read more

  • Automotive
  • Jan 2026
  • 138
  • PDF, Excel, PPT

Saudi Arabia Forklift Rental Market Report Key Takeaways:

  • The Saudi Arabia Forklift Rental Market size was valued at around USD 24.3 million in 2025 and is projected to reach USD 54.29 million by 2032. The estimated CAGR from 2026 to 2032 is around 12.17%, indicating strong growth.
  • By Tonnage Capacity, the up to 5-ton segment represented 60% of the Saudi Arabia Forklift Rental Market size in 2025.
  • By End User, the warehouse and logistics represented 46% of the Saudi Arabia Forklift Rental Market size in 2025.
  • By Region, the Western region leads the Saudi Arabia Forklift Rental Market with a substantial market share of around 32% in 2025.
  • The leading forklift rental companies in Saudi Arabia are Glorek International Co., KITES Equipment Rental, AWAL EQUIPMENT HIRING COMPANY, Dayim Equipment Rental Co., Reem Equipment Rental, Madinah Equipment Rental, Earth Care General Contracting EST, United Rentals - Equipments Yard, Machinery Rental Alternatives Co. Ltd (EJAR), Reliant Rentalz, Saudi Diesel Equipment Company (SDEC), Yahya Ahmed Raqwani Company Ltd., and others.

Market Insights & Analysis: Saudi Arabia Forklift Rental Market (2026- 2032):

The Saudi Arabia Forklift Rental Market size was valued at around USD 24.3 million in 2025 and is projected to reach USD 54.29 million by 2032. Along with this, the market is estimated to grow at a CAGR of around 12.17% during the forecast period, i.e., 2026-32.

The Saudi Arabia Forklift Rental Market is experiencing rapid growth, driven by the accelerated expansion of warehousing and e-commerce logistics networks, alongside a pronounced industry shift toward electric and lithium-ion forklifts as enterprises upgrade material-handling fleets to enhance operational efficiency and align with emerging sustainability priorities.

During the first half of 2025, more than 1.3 million m² of new warehouse space was added across the Kingdom, with Riyadh’s logistics stock reaching 28.9 million m² and occupancy approaching 98%. Persistent utilization pressure limits spare capacity within facilities, compelling businesses to adopt on-demand rental fleets to manage seasonal surges, project-based expansions, and inventory realignments without incurring long-term capital commitments.

Riyadh has continued to consolidate its role as the country’s logistics nucleus, supported by its 10.6 million m²+ warehouse base and sustained demand from manufacturing, FMCG, and distribution networks.

In Jeddah, warehouse supply exceeded 20.1 million m² in 2025, with occupancy levels nearing 97%. Its proximity to Jeddah Islamic Port, a core import-export gateway, amplifies throughput volatility and congestion risks during high-volume trading periods. These dynamics further strengthen demand for short-cycle and peak-load forklift rentals, particularly across port-linked storage clusters, bonded warehouses, and cold-chain facilities.

Market evolution is also shaped by the accelerating transition toward electric and lithium-ion forklifts, aligned with national sustainability imperatives and operational efficiency objectives. Regional introductions such as HELI’s G-Series lithium-battery forklifts reflect the industry’s pivot toward cleaner, lower-maintenance equipment with enhanced ergonomics, safety features, and extended duty cycles. As distributors expand availability of electrified models, rental providers are expected to broaden portfolio offerings to meet environment-compliant fleet requirements across indoor logistics environments.

Looking ahead, large-scale government investment programs will play a transformative role. For example, Saudi Arabia’s USD 267 billion logistics investment programme aims to position the Kingdom as a global logistics hub by 2030, encompassing port upgrades, multimodal transport corridors, smart-warehouse deployment, and digital customs infrastructure .

Parallelly, the National Master Plan to develop 59 logistics centers exceeding 100 million m² across Riyadh, Makkah, and the Eastern Province will stimulate sustained growth in storage capacity, distribution intensity, and associated forklift utilization .

With continued infrastructure expansion, structurally high warehouse occupancy, and technology-driven fleet modernization, the Saudi Arabia Forklift Rental Industry is expected to experience durable, long-term growth, supported by both public-sector investment and private-sector operational scaling through 2030 and beyond.

Saudi Arabia Forklift Rental Market Recent Developments:

  • August 2025: Chinese material-handling manufacturer Noblelift appointed Bakheet Machinery as its exclusive dealer in Saudi Arabia, broadening access to Noblelift forklifts, pallet trucks, and telehandlers to support local logistics and warehousing sectors. This strategic partnership enhances fleet availability and tailored equipment solutions for rental companies across key industrial hubs in the Kingdom.

Saudi Arabia Forklift Rental Market Scope:

 Category  Segments
By Truck Class Class I – Electric Rider, Class II – Narrow-Aisle, Class III – Electric Hand, Class IV – ICE Cushion, Class V – ICE Pneumatic
By Product Type Counterbalance, Warehouse,
By Operation Manual, Autonomous
By Power Source Electric, Hybrid, Internal Combustion Engine
By Tonnage Capacity Up to 5 Tons, 5.1 to 7 Tons, 7.1 to 10 Tons, More Than 10 Tons
By Rental Duration Short-Term Rentals (up to 6 Months), Long-Term Rentals (More than 6 months
By End User Construction, Warehousing and Logistics, Retail, Airports, Smelters and Foundries, Others), and others

Saudi Arabia Forklift Rental Market Drivers:

Expanding Warehousing and E-Commerce Logistics

The expansion of warehousing and e-commerce logistics infrastructure in Saudi Arabia has emerged as a major catalyst for growth in the forklift rental market, as rising storage capacity and throughput volumes significantly intensify material-handling requirements.

Data from the General Authority for Statistics (GASTAT) indicates that the Kingdom hosted 12,451 warehouses spanning 22.8 million m² in 2023, underscoring the scale of logistics development across strategic regions, including Riyadh, Makkah, and the Eastern Province. This structural expansion reflects the Kingdom’s transition toward large-format distribution hubs and modern fulfilment environments that rely heavily on forklifts for pallet movement, loading, and inventory handling.

Regional logistics acceleration is particularly evident in the Eastern Province, where six logistics centers collectively covered 6.3 million m² in 2023, supporting petrochemical supply chains, import flows, and consumer-goods distribution operations that require scalable and flexible rental-based forklift fleets .

Likewise, the Makkah Region recorded one of the country’s largest warehousing footprints, with five logistics centers extending across 20 million m², driven by strong demand around Jeddah’s port ecosystem and regional trade corridors. These developments align closely with Saudi Vision 2030 logistics reforms, which continue to expand national storage, transportation, and fulfillment capacity.

Ongoing warehousing expansion, high-volume logistics activity, and the shift toward large-scale distribution centers are expected to sustain elevated demand for rental forklifts, reinforcing long-term market growth across Saudi Arabia’s industrial and logistics ecosystems.

  1. Market Segmentation
  2. Introduction
    1. Product Definition
    2. Research Process
    3. Assumptions
  3. Executive Summary
  4. Saudi Arabia Forklift Rental Market Policies, Regulations, and Product Standards
  5. Saudi Arabia Forklift Rental Market - Pricing Analysis
    1. Rental Rates Per Month- By Capacity & Region
      1. Up to 5 Tons
        1. Eastern
        2. Central
        3. Western
        4. Northern
        5. Southern
      2. 5.1 to 7 Tons
        1. Eastern
        2. Central
        3. Western
        4. Northern
        5. Southern
      3. 7.1 to 10 Tons
        1. Eastern
        2. Central
        3. Western
        4. Northern
        5. Southern
      4. Above 10 Tons
        1. Eastern
        2. Central
        3. Western
        4. Northern
        5. Southern
  6. Saudi Arabia Forklift Rental Market Trends & Developments
  7. Saudi Arabia Forklift Rental Market Dynamics
    1. Growth Drivers
    2. Challenges
  8. Saudi Arabia Forklift Rental Market Hotspot & Opportunities
  9. Saudi Arabia Forklift Rental Market Outlook, 2022-2032
    1. Market Size & Outlook
      1.  By Revenues (USD Million)
    2. Market Share & Outlook
      1.  By Truck Class – Market Size & Forecast 2022-2032, USD Million
        1. Class I – Electric Rider
        2. Class II – Narrow-Aisle
        3. Class III – Electric Hand
        4. Class IV – ICE Cushion
        5. Class V – ICE Pneumatic
      2.  By Product Type– Market Size & Forecast 2022-2032, USD Million
        1. Counterbalance
        2. Warehouse
      3.  By Operation – Market Size & Forecast 2022-2032, USD Million
        1. Manual
        2. Autonomous
      4.  By Power Source – Market Size & Forecast 2022-2032, USD Million
        1. Electric
        2. Hybrid
        3. Internal Combustion Engine
      5.  By Tonnage Capacity – Market Size & Forecast 2022-2032, USD Million
        1. Up to 5 Tons
        2. 5.1 to 7 Tons
        3. 7.1 to 10 Tons
        4. More Than 10 Tons
      6.  By Rental Duration – Market Size & Forecast 2022-2032, USD Million
        1. Short-Term Rentals (up to 6 Months)
        2. Long-Term Rentals (More than 6 months)
      7.  By End User – Market Size & Forecast 2022-2032, USD Million
        1. Construction
        2. Warehousing and Logistics
        3. Retail
        4. Airports
        5. Smelters and Foundries
        6. Others
      8.  By Region
        1. Eastern
        2. Central
        3. Western
        4. Northern
        5. Southern
      9.  By Company
        1. Company Revenue Shares
        2. Competitor Characteristics
  10. Saudi Arabia Electric Forklift Rental Market Outlook, 2022-2032
    1. Market Size & Outlook
      1. By Revenues (USD Million)
    2. Market Share & Outlook
      1.  By Truck Class – Market Size & Forecast 2022-2032, USD Million
      2.  By Product Type– Market Size & Forecast 2022-2032, USD Million
      3.  By Operation – Market Size & Forecast 2022-2032, USD Million
      4.  By Tonnage Capacity – Market Size & Forecast 2022-2032, USD Million
      5.  By Rental Duration – Market Size & Forecast 2022-2032, USD Million
      6.  By End-User – Market Size & Forecast 2022-2032, USD Million
      7.  By Region
  11. Saudi Arabia Hybrid Forklift Rental Market Outlook, 2022-2032
    1. Market Size & Outlook
      1. By Revenues (USD Million)
    2. Market Share & Outlook
      1.  By Truck Class – Market Size & Forecast 2022-2032, USD Million
      2.  By Product Type– Market Size & Forecast 2022-2032, USD Million
      3.  By Operation – Market Size & Forecast 2022-2032, USD Million
      4.  By Tonnage Capacity – Market Size & Forecast 2022-2032, USD Million
      5.  By Rental Duration – Market Size & Forecast 2022-2032, USD Million
      6.  By End-User – Market Size & Forecast 2022-2032, USD Million
      7.  By Region
  12. Saudi Arabia Internal Combustion Engine Forklift Rental Market Outlook, 2022-2032
    1. Market Size & Outlook
      1. By Revenues (USD Million)
    2. Market Share & Outlook
      1.  By Truck Class – Market Size & Forecast 2022-2032, USD Million
      2.  By Product Type– Market Size & Forecast 2022-2032, USD Million
      3.  By Operation – Market Size & Forecast 2022-2032, USD Million
      4.  By Tonnage Capacity – Market Size & Forecast 2022-2032, USD Million
      5.  By Rental Duration – Market Size & Forecast 2022-2032, USD Million
      6.  By End-User – Market Size & Forecast 2022-2032, USD Million
      7.  By Region
  13. Saudi Arabia Forklift Rental Market Key Strategic Imperatives for Success & Growth
  14. Competition Outlook
    1.  Company Profiles
      1. Glorek International Co.
        1. Business Description
        2. Product Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      2. KITES Equipment Rental
        1. Business Description
        2. Product Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      3. AWAL EQUIPMENT HIRING COMPANY
        1. Business Description
        2. Product Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      4. Dayim Equipment Rental Co.
        1. Business Description
        2. Product Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      5. Reem Equipment Rental
        1. Business Description
        2. Product Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      6. Madinah Equipment Rental
        1. Business Description
        2. Product Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      7. Earth Care General Contracting EST
        1. Business Description
        2. Product Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      8. United Rentals - Equipments Yard
        1. Business Description
        2. Product Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      9. Machinery Rental Alternatives Co. Ltd (EJAR)
        1. Business Description
        2. Product Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      10. Reliant Rentalz
        1. Business Description
        2. Product Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      11. Saudi Diesel Equipment Company (SDEC)
        1. Business Description
        2. Product Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      12. Yahya Ahmed Raqwani Company Ltd.
        1. Business Description
        2. Product Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      13. Others
  15. Disclaimer


MarkNtel Advisors follows a robust and iterative research methodology designed to ensure maximum accuracy and minimize deviation in market estimates and forecasts. Our approach combines both bottom-up and top-down techniques to effectively segment and quantify various aspects of the market. A consistent feature across all our research reports is data triangulation, which examines the market from three distinct perspectives to validate findings. Key components of our research process include:

1. Scope & Research Design At the outset, MarkNtel Advisors define the research objectives and formulate pertinent questions. This phase involves determining the type of research—qualitative or quantitative—and designing a methodology that outlines data collection methods, target demographics, and analytical tools. They also establish timelines and budgets to ensure the research aligns with client goals.

2. Sample Selection and Data Collection In this stage, the firm identifies the target audience and determines the appropriate sample size to ensure representativeness. They employ various sampling methods, such as random or stratified sampling, based on the research objectives. Data collection is carried out using tools like surveys, interviews, and observations, ensuring the gathered data is reliable and relevant.

3. Data Analysis and Validation Once data is collected, MarkNtel Advisors undertake a rigorous analysis process. This includes cleaning the data to remove inconsistencies, employing statistical software for quantitative analysis, and thematic analysis for qualitative data. Validation steps are taken to ensure the accuracy and reliability of the findings, minimizing biases and errors.

Data Trangulation

4. Data Forecast and FinalizationThe final phase involves forecasting future market trends based on the analyzed data. MarkNtel Advisors utilize predictive modeling and time series analysis to anticipate market behaviors. The insights are then compiled into comprehensive reports, featuring visual aids like charts and graphs, and include strategic recommendations to inform client decision-making

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