Saudi Arabia Truck Leasing and Rental Market to Grow with a CAGR of 6.51% Through 2030
The truck leasing and rental market in Saudi Arabia is expanding due to
rising demand from the logistics sector, major construction initiatives under
Vision 2030, and businesses opting for leasing over ownership to reduce costs.
These elements are expected to propel the market's growth from 2026-2030.
According to TechSci Research report, “Saudi Arabia Truck
Leasing and Rental Market – Industry Size, Share, Trends, Opportunity, and
Forecast, 2020-2030F” " the Saudi Arabia Truck Leasing and Rental
market was valued at USD 379.45 Million in 2024 and is expected to reach USD
553.98 Million by 2030 with a CAGR of 6.51% during the forecast period. The
Saudi Arabia truck leasing and rental market is driven by the increasing demand
for specialized transportation solutions for the growing e-commerce and retail
sectors. The country’s commitment to enhancing its public transport
infrastructure through large-scale projects also boosts the need for reliable
leasing services. Additionally, the rising focus on optimizing operational
costs through outsourced logistics solutions is contributing to market
expansion. These factors are driving the market in the forecast period 2026-2030.
The
Saudi Arabia truck leasing and rental market is growing due to the rising
demand for transportation solutions in industries such as logistics,
construction, and retail. This demand is being fueled by industrial growth and
the country’s infrastructure development projects under Vision 2030. As
businesses seek cost-effective alternatives to outright truck purchases,
leasing becomes an attractive option, allowing companies to scale operations
without high capital investments.
Browse over XX market data Figures spread through XX Pages and an
in-depth TOC on the "Saudi Arabia TruckLeasing and Rental Market"
The Saudi
Arabia Truck Leasing and Rental Market is segmented into Lease Type, Truck
Type, End-Use Industry, Booking, and Region.
The
Saudi Arabia truck leasing and rental market is segmented by end-use industries
such as oil and gas, FMCG, construction, mining, and e-commerce, each with
distinct demands. The oil and gas sector requires reliable fleets for the
transportation of materials, equipment, and personnel across challenging
environments, driving the demand for specialized trucks that can handle heavy
loads and long-distance travel. In the FMCG (Fast-Moving Consumer Goods)
sector, the need for efficient distribution and transportation of goods across
various regions encourages businesses to lease trucks to manage fluctuating
delivery requirements. Construction companies lease trucks to transport
building materials and heavy machinery to large-scale infrastructure projects,
where cost flexibility is essential. The mining industry depends on durable
trucks for the transportation of raw materials from extraction sites to
processing plants. The demand for heavy-duty vehicles in this sector often
requires long-term leasing agreements. In the e-commerce sector, the rise of
online shopping has created a growing need for logistics solutions, with
businesses preferring truck leasing to manage short-term fluctuations in
transportation demand and reduce the burden of maintaining their own fleet.
The
Northern and Central regions of Saudi Arabia are experiencing significant
growth in the truck leasing and rental market. These regions benefit from their
proximity to major industrial hubs and mining areas, which fuel demand for
flexible transportation solutions. Increased investment in infrastructure and
urban development is also contributing to the rise in truck leasing needs, as
businesses seek to reduce capital expenditure while ensuring efficient
logistics. The growing focus on expanding industrial and commercial activities
in these regions is expected to sustain the market’s upward trajectory in the
coming years.
Major
market players operating in Saudi Arabia Truck Leasing and Rental market are:
- YANAL Finance Company
- Saudi Transport and Investment Company (Mubarrad)
- Fraikin Dayim Saudi Arabia
- United International Transport Company
- TruKKer Technologies DMCC
- Neeraan International
- IMAD COMPANY
- Trukkin Middle East FZ-LLC
- Arabian transporter Co.
- Musallam & Partner Co
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“The truck leasing and rental market in Saudi Arabia is growing quickly
as more companies look for cost-effective ways to manage their fleets. With
industries like logistics, construction, and e-commerce expanding, businesses
are turning to leasing options instead of buying trucks outright. This shift is
supported by the country’s ongoing infrastructure projects and efforts to
diversify its economy" said Mr. Karan Chechi, Research Director of TechSci
Research, a research-based global management consulting firm.
“Saudi Arabia Truck Leasing and Rental Market –Industry Size, Share,
Trends, Opportunity, and Forecast, Segmented By Lease Type (Finance Lease, Full
Rental), By Truck Type (Heavy Duty, Medium Duty), By End-User Industry (Oil
& Gas, FMCG, Construction, Mining, E-Commerce), By Booking (Online,
Offline), By Region, By Competition, 2020-2030F”, evaluates
the future growth potential of Saudi Arabia Truck Leasing and Rental market and
provides statistics & information on market size, structure, and future
market growth. The report intends to provide cutting-edge market intelligence
and help decision-makers make sound investment decisions. Besides, the report
also identifies and analyzes the emerging trends along with essential drivers,
challenges, and opportunities in the Saudi Arabia Truck Leasing and Rental
market.
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