Saudi Arabia Crane Market to Grow with a CAGR of 9.34% through 2030
Rising construction activities, expanding oil & gas projects, and
growing industrial infrastructure investments are the factors driving the
market in the forecast period 2026-2030.
According to TechSci Research report, “Saudi Arabia Crane Market
– Industry Size, Share, Trends, Opportunity, and Forecast, 2020-2030F”,
The Saudi Arabia Crane Market was valued at USD 1085.12 Million in 2024 and is
expected to reach USD 1854.19 Million by 2030 with a CAGR of 9.34% during the
forecast period.
The Saudi Arabia crane market is evolving in response to the country’s
aggressive infrastructure expansion, giga-projects pipeline, and the rising
prominence of specialized construction activities. The market is increasingly
shaped by the need for cranes with customized lifting capabilities to support
unique engineering requirements across landmark developments, stadiums, and
high-rise projects. Growth is also propelled by the surge in crane rental
demand, as contractors seek flexible, cost-effective solutions amid fluctuating
project timelines. Stringent site regulations and the push for faster project
execution have heightened the demand for cranes designed for rapid deployment,
modular assembly, and reduced footprint on congested sites. Furthermore, the
emphasis on localized manufacturing partnerships and service support is
emerging as a critical factor, ensuring quicker maintenance response times and
compliance with national content mandates. The increasing complexity of
construction logistics, especially in mega urban projects, is further driving
innovation in crane mobility, transportation efficiency, and multi-site
usability. The market’s expansion is underpinned by Saudi Arabia’s long-term
vision of industrial self-reliance, fostering a shift toward cranes engineered
for multi-industry versatility, from logistics hubs to renewable energy
projects. This dynamic landscape is positioning the crane sector as a pivotal
enabler of the Kingdom’s ambitious development goals.
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in-depth TOC on "Saudi Arabia Crane Market"
Saudi
Arabia Crane Market Is Segmented by Crane Type, Application, and Region.
In 2024, the mobile crane
segment recorded the fastest growth in the Saudi Arabia crane market. The
rising preference for mobile cranes came from their flexibility, ease of
transportation, and ability to perform lifting tasks across varied construction
sites, industrial zones, and infrastructure projects. These cranes offered a
practical solution for projects demanding quick setup, efficient mobility
between locations, and versatility in handling diverse load requirements.
Mobile cranes found extensive use in fast-paced construction schedules, energy
projects, and infrastructure developments, making them highly sought after by
contractors and project developers. Their capacity to operate efficiently in
confined spaces and on uneven terrains made them a preferred choice for both
urban projects and remote construction sites. The growing trend of modular
construction and the need for time-sensitive project execution further
supported the adoption of mobile cranes, contributing to their leading position
in market growth during 2024.
The Eastern region emerged
as the fastest-growing area in the Saudi Arabia crane market in 2024. This
growth was primarily driven by expanding activities in the energy, marine, and
industrial sectors, which demanded high-performance lifting solutions for both
onshore and offshore projects. The region’s concentration of oil and gas
operations and its growing offshore exploration activities fueled a strong
demand for cranes capable of handling complex lifting requirements. Continuous
investment in industrial infrastructure and marine facilities further supported
the rise in crane deployments across the Eastern region.
Major Market
Players Operating in Saudi Arabia Crane Market Are:
- SANY
HEAVY INDUSTRY CO., Ltd.
- KATO
WORKS CO., LTD.
- The
Manitowoc Company, Inc.
- Saudi
Liebherr Company Ltd
- Zoomlion
Heavy Industry Science&Technology Co., Ltd.
- The
Tadano Europe Holdings GmbH
- Fassi
Gru S.p.A.,
- Caterpillar
Inc.
- AB Volvo
- Kobelco
Construction Machinery Co., Ltd.
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“As we look at the Saudi Arabia
crane market, it’s clear we’re witnessing a shift shaped by the scale and pace
of the country’s development plans. The demand isn’t just about heavy lifting
anymore it’s about cranes that can adapt to diverse project needs, whether it’s
mega infrastructure works, marine operations, or industrial expansions. What
stands out is how contractors are leaning toward flexible, high-mobility
equipment that keeps up with rapid execution timelines. The rise of specialized
cranes, coupled with a growing appetite for rental solutions, shows how the
market is becoming both dynamic and project-driven. It’s a sector very much
aligned with Saudi Arabia’s long-term vision of efficiency, speed, and smart
project delivery”, said Mr. Karan Chechi, Research Director of TechSci
Research, a research-based global management consulting firm.
“Saudi Arabia Crane Market –
Size, Share, Trends, Opportunity, and Forecast, Segmented By Crane Type (Mobile
Crane, Fixed Crane, Marine and Offshore Crane), By Application (Construction,
Industrial Applications, Energy & Power, Marine and Offshore, Mining and
Excavation), By Region, By Competition, 2020-2030F”, assesses the market's future
growth potential and provides data on market size, trends, and forecasts. It
aims to offer comprehensive market insights, helping decision-makers make
informed investment choices. The report also highlights emerging trends, key
drivers, challenges, and opportunities in the Saudi Arabia Crane Market.
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