|
Forecast Period
|
2026-2030
|
|
Market Size (2024)
|
USD 300.78 Million
|
|
Market Size (2030)
|
USD 536.47 Million
|
|
CAGR (2025-2030)
|
9.96%
|
|
Fastest Growing Segment
|
Fixed cranes
|
|
Largest Market
|
Riyadh
|
Market Overview
Saudi
Arabia Crane Rental Market was valued at USD 300.78
Million in 2024 and is expected to reach USD 536.47 Million by 2030 with a CAGR
of 9.96% during the forecast period.
The Saudi Arabia
crane rental market has emerged as a vital pillar supporting the Kingdom’s
transformation under Vision 2030. The government's strategic push for economic
diversification has unleashed a wave of construction activity across sectors
such as infrastructure, oil & gas, urban development, and logistics.
Contractors and developers increasingly prefer crane rentals over ownership due
to cost optimization, maintenance avoidance, and access to a wide variety of
specialized equipment.
Mega-projects
like NEOM, the Red Sea Development, Qiddiya, Riyadh Metro, and numerous airport
expansions are driving unprecedented demand for heavy lifting solutions. This
has led to a spike in rentals of high-capacity mobile, all-terrain, and crawler
cranes. Moreover, Saudi Aramco’s ongoing investment in refinery upgrades, gas
compression, and offshore platforms continues to fuel long-term crane leasing
contracts, especially in the Eastern Province.
Mobile cranes
form the backbone of the rental market due to their adaptability and high usage
across mid-rise buildings, infrastructure bridges, and modular industrial
sites. Tower cranes are also gaining traction with high-rise commercial
developments in urban areas like Riyadh and Jeddah. In parallel, demand for
overhead cranes is rising in industrial segments, especially in logistics
zones, manufacturing plants, and ports.
Leading market
players are scaling up their fleets with new-generation cranes from
manufacturers like Liebherr, Tadano, and Terex. Many firms such as AMHEC and
Bin Quraya now operate fleets with lifting capacities ranging from 50 to over
800 tons. The market is also seeing a shift toward cranes with remote
monitoring systems and IoT integration, in line with the Kingdom’s smart city
ambitions.
Rental providers
are increasingly offering value-added services such as certified operators,
lift planning, safety compliance, and on-site engineering to differentiate
themselves. Meanwhile, smaller players are penetrating Tier II and Tier III
regions by offering competitively priced short-term rentals. Overall, the crane
rental market in Saudi Arabia reflects a highly service-oriented,
project-driven ecosystem that is tightly aligned with the nation’s economic
restructuring and ambitious development goals.
Key Market Drivers
Rapid Expansion of
Infrastructure Projects
Saudi Arabia’s ongoing
infrastructure transformation is one of the strongest demand drivers for crane
rentals. The government has allocated over SAR 1.2 trillion (USD 0.32 trillion) for
infrastructure between 2021 and 2030, which includes roads, bridges, railways,
and seaports. Crane rental demand is particularly high in regions like Riyadh
and Eastern Province, where multi-billion-riyal projects are underway.
- The Riyadh Metro project, spanning 176 km with
85 stations, has involved over 10,000 equipment rentals, with mobile
cranes forming a major share.
- NEOM’s Oxagon and The Line are already under
development, with more than 80 tower cranes deployed across core sites in
2024.
- The Ministry of Transport aims to construct
over 3,000 km of new roads by 2026, directly increasing crawler and mobile
crane demand.
- The Jeddah Central Project and the King Salman
Park in Riyadh have generated over 2,000 crane operation hours/month since
2023.
- The Saudi Landbridge rail project, a 950 km
line, requires high-capacity lifting cranes for bridge spans, expected to
need over 200 mobile units annually through 2027.
The scale and diversity of
these infrastructure investments are creating sustained long-term demand across
all crane capacities and types. Rental firms are aligning fleets with project
schedules and terrain conditions, leading to improved asset utilization and
long-term leasing contracts.
Growth of the Oil & Gas
and Petrochemical Sector
Saudi Arabia's dominant
position in global oil and petrochemical production necessitates frequent
deployment of lifting equipment, especially in pipeline construction, plant
maintenance, and offshore platforms. Crane rentals allow operators to avoid
long procurement cycles and maintenance delays.
- Aramco's 2024 budget allocated SAR 167 billion (USD 44.52 billion) to oilfield upgrades and gas expansion, boosting long-term demand for
150–600 ton capacity cranes.
- The Marjan and Berri field developments
require more than 60 crawler cranes, operating for over 36 months
continuously.
- SABIC’s plant expansions in Jubail and Yanbu
have increased monthly crane rental requirements by 27% year-on-year.
- Offshore lifting demand is growing with over
40 jack-up and floating rigs requiring supply crane services along the
Eastern coast.
- Turnaround and shutdown cycles in major
refineries like Ras Tanura demand intensive lifting operations lasting
20–45 days, best suited to short-term crane rentals.
Due to hazardous
environments and strict certification needs, operators often rent cranes
bundled with safety-certified personnel. This fuels the service component of
the rental market while simultaneously ensuring high fleet turnover.
Rise of Mega Urban
Development and Tourism Projects
Vision 2030’s tourism and
urban transformation agenda is fueling rapid vertical construction. Projects
like The Red Sea Project, AMAALA, and Qiddiya are pushing rental firms to
expand tower crane fleets and high-reach equipment capabilities.
- The Red Sea Project covers 28,000 sq. km and
is employing over 100 tower cranes in its first two phases alone.
- Qiddiya’s entertainment cluster involves the
construction of 150+ vertical structures, most requiring on-site lifting
solutions for precast and façade systems.
- AMAALA has triggered monthly crane rental
inquiries rising by 33% in Tabuk Province since 2023.
- Riyadh’s King Salman Park and Diriyah Gate
urban renewal zones are deploying crawler cranes with 200–400 ton capacity
to manage heavy lift components.
- Construction of GIGA hotels, theme parks, and
museums within the Kingdom’s tourism blueprint is driving up 30–50% higher
crane rental durations than standard commercial projects.
Tourism and mixed-use
developments also involve fluctuating timelines, making flexible rental
arrangements with operator packages more attractive for project managers and
developers.
Preference for Rental over
Ownership among Contractors
Across Saudi Arabia,
contractors are shifting toward rental models to reduce capital costs and
improve fleet flexibility. This is especially common among mid-sized and
specialist contractors who operate across multiple regions and project types.
- Maintenance, insurance, and downtime typically
add SAR 100,000+ annually to crane ownership, making rentals more
predictable.
- Around 68% of civil contractors in the Kingdom
used third-party rentals in 2023, up from 52% in 2019.
- ISO and Aramco certifications, required for
many cranes, are handled by rental firms—saving contractors from complex
compliance processes.
- Multi-project contractors rotate between 3–5
sites per year, making fleet mobilization more efficient through rentals.
This trend is reinforcing
the growth of professional crane rental companies that offer not just
equipment, but full-service packages including logistics, safety, lift
planning, and certified operators.
Increasing Demand for
High-Capacity and Smart Cranes
Saudi Arabia’s transition
to high-rise, modular, and industrialized construction is fueling demand for
heavy-lift and intelligent cranes equipped with monitoring systems. Rental
companies are responding by acquiring larger, digitally enabled fleets.
- Orders for cranes with 800+ ton capacity have
risen by over 40% since 2021, driven by Aramco and NEOM construction
needs.
- AMHEC recently ordered 55 new mobile cranes,
many with real-time telematics, for Vision 2030 project sites.
- IoT-enabled cranes allow for predictive
maintenance, reducing downtime by 20–25%, and improving asset availability
for rental operators.
- Over 70% of new cranes added to major fleets
in 2023 included digital safety systems and load monitoring sensors.
- Smart cranes are increasingly required in
offshore lifting, where environmental and load data must be recorded
continuously for insurance and compliance.
With Vision 2030
emphasizing sustainability, precision, and smart city infrastructure,
contractors are demanding advanced crane systems. Rental firms are investing in
technology-enabled units to meet project specifications, improve safety, and
differentiate in a competitive market.

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Key Market Challenges
Equipment Availability vs.
Demand Peaks
Saudi Arabia’s crane rental
market is subjected to erratic demand spikes driven by large infrastructure
projects like NEOM and Riyadh Metro, often leading to equipment shortages at
critical phases. Demand surges have created pressure when infrastructure initiatives
begin simultaneously, meaning during peak periods some firms report fleet
utilization exceeding 95%, while in off‑peak months utilization falls below
60%. Rental firms face monthly downtime of up to 25% when projects pause or
delay. Smaller operators, with fleet sizes under 50 cranes, often cannot scale
during peak periods and may have equipment idle for over two months per year,
while larger players with 300–500 cranes struggle to keep replacement units
ready. Responding to these fluctuations, many rental providers offer discounts
of 10–20% or extend site durations by 15–30% to retain clients, but these
tactics cut into operating margins. Additionally, 40–50% of requests during
peak seasons remain unfulfilled due to insufficient fleet, prompting reliance
on subcontractors or importing cranes temporarily. The interplay of over‑utilization
and surplus during downtime strains profitability and operational planning.
High Operational &
Maintenance Costs
Operating cranes in Saudi
Arabia’s harsh climate significantly impacts rental economics. Frequent ambient
temperatures over 45 °C and seasonal sandstorms cause accelerated wear on
hydraulic systems, filters, and engines, making maintenance cycles up to 30%
faster than in milder regions. Annual upkeep costs average SAR 150,000–200,000
per high‑capacity unit, with spare part logistics adding another
SAR 50,000–75,000 per annum. Downtime due to breakdowns can last 3–7 days per
incident, cutting utilization by 5–8% annually. In remote sites, logistic
delays contribute extra 48–72 hours downtime. Insurance and safety inspections
further raise the fixed cost base by around 8–12% of fleet value each year.
Combined, these factors force rental rates higher, but aggressive pricing
competition limits ability to pass on full costs. Many mid‑size operators
report operating profitability squeezed to under 10% net margin, even after
optimizing equipment deployment.
Skilled Operator Shortages
& Training Costs
Saudi Arabia experiences a
notable shortage of certified crane operators and technical personnel. As of
2024, the Kingdom faces an expected shortfall of 663,000 skilled construction
workers by 2030, impacting crane operations directly. In 2023, approximately
68% of contractors preferred third‑party rental due partly to lack of qualified
staff, yet many rental firms struggle to find ISO/Aramco‑certified operators.
Training one operator (for 300+ ton cranes) costs SAR 50,000–60,000, and a
qualified technician adds another SAR 40,000 annually. Firms with fleets under
100 units must maintain at least 10‐15 full‑time operators and
mechanics; recruitment and retention costs have risen 25–35% year‑on‑year.
Turnover rates above 20% annually further increase expenses and
unpredictability. Operational gaps also delay deployments by 72 hours on
average while replacements are arranged.
Regulatory & Safety
Compliance Burdens
Regulatory compliance in
Saudi Arabia demands rigorous certification and inspection for crane rental
operations. Every high‑capacity crane requires renewal inspections every six
months, often costing SAR 30,000–45,000 per unit. Insurance burdens add another
SAR 100,000+ annual premium per high‑capacity unit, particularly for offshore
or urban projects. Following incidents like the 2015 Mecca crane collapse,
regulators have enforced stricter load‑chart validation, geotechnical soil
analysis before lifts, and mandatory crane positioning metrics. Non‑compliance
fines can exceed SAR 150,000 per violation, and license penalties can suspend
operations for up to 90 days. Rental firms must also secure municipal permits
for each job—typically 5–7 distinct approvals per site—each taking up to 4
weeks. For projects in regulated zones like holy cities or Aramco sites,
additional approvals and safety drills can delay operations by 1–2 weeks,
adding costs equivalent to 5% of total rental fees.
Pricing Pressure &
Competitive Consolidation
Intense competition in the
crane rental sector has compressed pricing and profitability. With over 80
active rental providers across the Kingdom—including > 40 regional players
with small fleets—price competition is fierce. To win contracts in tender-driven
mega‑projects, many companies discount daily rates by 10–25% compared to
private quotes. Long‑term contracts often see rate reductions of 15–30% in
exchange for guaranteed utilization. Discounting strategies are increasingly
paired with bundled services, making true equipment margins as low as 5–8% net
for mid‑size operators. Larger firms can better absorb pressure due to scale,
but smaller operators must compete via cost-leadership, often sacrificing
maintenance reserves or delaying upgrades. This race has spurred consolidation:
in 2024 alone at least 5 mergers or acquisitions between regional rental firms
occurred, shrinking smaller players flocking into larger groups to survive
pricing pressures.
Key Market Trends
Rise of Digital Platforms
and Tech Integration in Crane Rentals:
The digitalization of the
construction equipment rental space is rapidly gaining ground in Saudi Arabia,
with crane rental companies integrating technology-driven platforms to
streamline operations, improve efficiency, and better serve clients. A standout
example is the emergence of platforms like MYCRANE, the first global digital
marketplace for crane rental, which recently expanded into the Kingdom. As
construction stakeholders increasingly value time savings, cost optimization,
and transparency, these platforms are disrupting traditional rental models and
becoming critical tools in project planning and execution.
Online platforms allow
contractors to instantly search for available cranes based on lifting capacity,
location, project duration, and crane type. This eliminates time-consuming
negotiations and ensures better utilization of idle machinery. For rental companies,
it opens the door to broader market exposure, seamless client onboarding, and
automated booking systems. Beyond matchmaking, digital tools are also being
adopted in operations. GPS tracking, telematics, load monitoring systems, and
predictive maintenance technologies are being embedded into cranes, offering
real-time data on usage, wear-and-tear, and operating efficiency. These tools
not only improve safety compliance but also reduce downtime, a key concern in
time-bound infrastructure projects.
Additionally, remote crane
monitoring enables rental companies to offer on-demand technical support, track
productivity, and anticipate equipment failures. Some firms are even leveraging
AI and data analytics to forecast demand, schedule fleet maintenance, and
manage logistics. This tech-driven evolution reflects broader trends in Saudi
Arabia’s construction ecosystem, where digital transformation is being
prioritized under Vision 2030. Consequently, tech-integrated crane rental
services are no longer a luxury but a necessity, particularly for large
contractors looking to minimize delays and optimize operational performance
across multiple projects.
Increasing Shift Toward
Long-Term Rental Contracts:
A growing trend in the
Saudi Arabia crane rental market is the increasing preference for long-term
rental contracts, especially among large developers and government-backed
contractors involved in multi-year infrastructure and industrial projects. As
the country embarks on sustained megaproject developments across real estate,
transport, logistics, and energy sectors, the need for uninterrupted access to
heavy lifting equipment over extended periods has become more pronounced.
Long-term rentals offer several advantages to both contractors and crane rental
providers.
For construction firms,
long-term agreements ensure crane availability for the duration of the project,
eliminate frequent bidding and procurement delays, and lock in rental rates,
protecting against price fluctuations. They also minimize logistical challenges
associated with crane mobilization, especially in large and remote sites such
as NEOM or Red Sea developments. On the supplier side, rental companies benefit
from predictable cash flows, reduced fleet idle time, and deeper client
relationships, allowing them to forecast operations and manage resources more
effectively.
The trend is further
supported by government policies that encourage continuity and speed in
infrastructure development. Additionally, long-term rentals enable contractors
to access high-capacity and technologically advanced cranes without incurring
the upfront capital investment. Some agreements now include value-added
services such as regular maintenance, spare part provisioning, certified
operators, and technical inspections, effectively transforming rental companies
into long-term service partners.
This shift in demand has
prompted rental firms to expand their fleet capacity, diversify equipment
ranges, and offer more customized contract terms. As projects scale up and
timelines extend beyond conventional construction cycles, long-term crane
rentals are emerging as a strategic necessity rather than a tactical choice,
reinforcing their importance in Saudi Arabia’s infrastructure-driven economic
transformation.
Strong Growth in Crane
Rentals for Industrial and Energy Sectors:
While urban infrastructure
continues to drive crane rental demand in Saudi Arabia, the industrial and
energy sectors are witnessing strong and growing reliance on heavy lifting
equipment. The Kingdom’s aggressive push toward becoming a global energy and petrochemical
hub under Vision 2030—combined with the diversification into renewables,
hydrogen, and manufacturing—has created robust opportunities for crane rental
services in non-residential settings.
Mega facilities such as
Aramco’s oil and gas processing plants, desalination projects, and
hydrogen/ammonia plants in the Eastern Province and NEOM are large-scale,
complex developments requiring cranes capable of precise, heavy-duty lifts.
Additionally, refinery expansions, pipeline infrastructure, and cross-border
logistics hubs demand crawler cranes, rough-terrain cranes, and large mobile
cranes to install heavy components, turbines, generators, and structural steel.
The energy sector’s
cyclical nature makes rental a more appealing choice over crane ownership,
allowing companies to adjust lifting capacity needs based on project phases.
Equipment utilization rates are significantly higher in industrial
environments, and as a result, rental providers are customizing offerings,
including round-the-clock technical support, operator safety programs, and
multi-crane mobilization packages.
Further, new industrial
zones such as SPARK (King Salman Energy Park) and Ras Al Khair have become
hotspots for long-term rentals. With the construction of large industrial
cities and logistics corridors, cranes are also being used for warehouse
construction, container handling, and vertical stacking of heavy goods. As the
energy sector diversifies and scales, rental providers are positioning
themselves as strategic partners by supplying dependable and certified cranes,
meeting regulatory compliance, and offering scalable rental models. This trend
illustrates how industrial growth is becoming a cornerstone of crane rental
demand beyond traditional construction use.
Expansion of Local
Manufacturing and Strategic Partnerships:
One of the most impactful
trends shaping the Saudi Arabia crane rental market is the rise of local
manufacturing initiatives and strategic partnerships between global crane OEMs
and Saudi-based companies. In response to Vision 2030’s localization goals and
the Public Investment Fund’s (PIF) push to reduce reliance on imports, several
global players are investing in Saudi Arabia to manufacture cranes domestically
and enhance rental infrastructure.
A key example is the
partnership between Wolffkran Holding AG and Zamil Group, announced in November
2024, to establish the Kingdom’s first tower crane manufacturing facility. This
move signals a new phase in which global companies are not just supplying to
Saudi Arabia but co-investing in building local supply chains and rental
operations. Such initiatives are expected to drastically reduce lead times,
transportation costs, and dependency on foreign imports, while also creating a
skilled local workforce to support crane rental and servicing operations.
Furthermore, exclusive
distribution deals—like Sumitomo Heavy Industries partnering with Kanoo
Machinery—enable local players to offer advanced crawler cranes with global
support systems while deepening their foothold in the Saudi market. These
collaborations help in localizing technical expertise, streamlining equipment
availability, and improving after-sales support, which are critical for
large-scale and remote projects.
Local partnerships also
align with government-backed industrial programs like NIDLP (National
Industrial Development and Logistics Program), boosting the crane ecosystem’s
self-sufficiency. As the crane rental market grows more sophisticated,
equipment customization, maintenance localization, and technician training are
becoming strategic differentiators. Ultimately, this trend reflects a
structural transformation in the crane rental industry—one that integrates
manufacturing, distribution, and fleet deployment under a unified, localized
framework that strengthens Saudi Arabia’s industrial resilience and economic
autonomy.
Segmental Insights
Crane Type Insights
Mobile cranes segment dominates in the Saudi Arabia Crane Rental market in
2024 driven by
their unparalleled versatility, mobility, and suitability for a wide range of
construction and infrastructure projects. Mobile cranes offer rapid deployment
and flexibility in congested or space-limited environments, which makes them
ideal for both urban construction and oilfield operations. The Kingdom’s
ongoing mega-projects, such as NEOM, The Line, Qiddiya, and the Red Sea
Project, require crane solutions that can be moved swiftly from one job site to
another. This demand is particularly crucial given the compressed timelines and
logistical complexity of Vision 2030 infrastructure goals.
Additionally,
mobile cranes are often used in civil engineering works, tower erections, plant
maintenance, and logistics-heavy sectors like petrochemicals and ports. Their
capacity to perform with minimal setup time, especially all-terrain and
truck-mounted variants, has made them the preferred choice among contractors.
Many mobile cranes in Saudi Arabia support lifting capacities between 50 to 300
tons, covering a wide spectrum of construction applications. With growing urban
development in Riyadh, Jeddah, and Dammam, contractors increasingly seek cranes
that can be transported quickly and easily without the need for disassembly or
road permits for every shift.
Another critical
factor is rental economics. Mobile cranes have a relatively lower total cost of
ownership for rental firms compared to crawler cranes and tower cranes, while
maintaining strong utilization rates. As a result, most crane rental companies in
the Kingdom maintain a large mobile crane fleet, ensuring availability and
responsiveness. Moreover, regulatory preferences and permits for mobile cranes
are less cumbersome than those for heavy crawler cranes, further facilitating
their widespread use. Overall, the mobile cranes segment is aligned with Saudi
Arabia’s focus on efficiency, modularity, and rapid infrastructure deployment,
leading to its dominance in 2024.
Lifting Capacity
Insights
151–300 Tons segment dominated the Saudi Arabia Crane Rental market in
2024 due to its
optimal balance between heavy lifting capability and operational flexibility.
Cranes in this range are widely deployed across industrial, petrochemical, and
infrastructure sectors, such as refinery expansion, bridge construction, and
modular installation. They can efficiently handle mid-to-large-scale lifting
tasks without the logistical complexity or setup requirements of ultra-heavy
cranes. With NEOM and Aramco projects demanding cranes that offer both strength
and mobility, this capacity range has become the sweet spot for rental
companies, driving high utilization and profitability across key construction
and energy corridors.

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Region Insights
Largest Region
Riyadh dominates the Saudi Arabia Crane Rental
market in 2024 propelled by its role as the epicenter of government-backed urban
transformation and infrastructure expansion. As the capital city and
administrative hub, Riyadh is central to Vision 2030 initiatives, including the
$20 billion Diriyah Gate Development, King Salman Park, and the Riyadh Metro project.
These developments have significantly increased demand for heavy machinery,
particularly mobile and tower cranes, for vertical and horizontal construction
needs.
The scale of construction
in Riyadh is unprecedented, with the city aiming to double its population by
2030 and attract major multinational corporations. This growth has led to a
surge in real estate developments, transport infrastructure, smart city technology,
and large-scale public-private partnerships. Cranes are indispensable in
high-rise construction, prefabrication assembly, road works, and logistics
warehousing—all key components of Riyadh’s growth blueprint.
Additionally, Riyadh
benefits from well-established logistics channels, robust contractor presence,
and easier access to equipment certification and permits compared to some
remote or rural regions. Major crane rental players such as AMHEC, Bin Quraya,
and AHEL have established strong operations in Riyadh, ensuring consistent
crane availability and competitive pricing.
The city’s real estate boom
is also driven by giga-project spillovers from other regions, with developers
preferring to house operational bases or logistics hubs in Riyadh. Furthermore,
government subsidies and fast-track approvals for infrastructure have
contributed to high machine deployment rates. The presence of a highly skilled
workforce and a concentration of contractors and equipment vendors enhances
market readiness and project execution efficiency. This convergence of scale,
infrastructure, governance, and demand cements Riyadh’s position as the
dominant region in the crane rental market.
Emerging Region
Makkah is the emerging region in the Saudi Arabia Crane
Rental market in the coming period due to massive religious infrastructure upgrades and
hospitality development aimed at accommodating increasing Hajj and Umrah
pilgrims. Projects such as the Masar Makkah Urban Development, hotel towers,
and transport corridors are driving demand for tower and mobile cranes. The
Saudi government’s goal to receive over 30 million pilgrims by 2030
necessitates a significant expansion of vertical infrastructure, including
multi-level worship facilities and large-scale transit hubs. Given the tight
construction schedules and space constraints in the holy city, crane rental
solutions are becoming essential to meet growing logistical and engineering
challenges.
Recent Developments
- In May 2025, Japan-based
HSC, renowned for its advanced all-hydraulic lattice boom crawler cranes and
foundation machines (models SCX1800A-3, SCX2800A-3), appointed Kanoo Machinery
as its exclusive distributor in Saudi Arabia. This partnership enables HSC to
deliver high-performance lifting solutions ranging from 55 to 550 tonnes across
key sectors. Kanoo Machinery recognizes HSC’s addition as a strategic
enhancement to its lifting portfolio, addressing the Kingdom’s increasing
demand for dependable crane solutions in construction and cargo handling
applications.
- In May 2024, MYCRANE, the
first global digital platform for online crane rental, expanded its Saudi
Arabian presence by appointing Syed Ahmed Salman as VP Sales, Middle East, and
Syed Zulnoon Bukhari as Director, Business Development for KSA. With construction
activity in the Kingdom valued at USD148.3 billion in 2023, the new hires are
accelerating MYCRANE’s regional growth by onboarding crane rental providers and
industrial clients. The platform streamlines equipment sourcing, supporting
Saudi Arabia’s digital transformation and infrastructure expansion.
- In November 2024, Wolffkran
Holding AG and Zamil Group Investment Company entered a joint venture,
resulting in Zamil acquiring a 50% stake in Wolffkran for Equipment. The
agreement, announced at the PIF Private Sector Forum, outlines plans to
establish Saudi Arabia’s first tower crane manufacturing facility. This
strategic partnership leverages both firms’ strengths to meet rising demand for
tower cranes across the Kingdom and the Middle East, reinforcing Saudi Arabia’s
localization and industrialization goals under Vision 2030.
- In January 2024, Audi-owned
Front End Limited Company signed an exclusive agreement with Crane+ to
distribute autonomous, high-payload drones and trucks in Saudi Arabia.
Announced at the Future Minerals Forum in Riyadh, the partnership supports the
National Industrial Development and Logistics Program (NIDLP) under Vision
2030. The collaboration positions Front End to deliver cutting-edge logistics
and mobility solutions to the energy, industrial, and maritime sectors,
aligning with the Kingdom’s objective to become a global logistics and
industrial hub.
Key
Market Players
- Arabian Machinery & Heavy Equipment Company
- Bin
Quraya
- Al-Arabi
Heavy Equipment Lease Co.
- Rezayat
Sparrow Arabian Crane Hire
- ACT Crane
& Heavy Equipment
- Sarens
Nass Middle East
- The Crane
Club
- Tamimi
Rentals
- Fahad S.
Al‑Tamimi & Partners
- Arabian
Consolidated Trading
|
By Crane Type
|
By Lifting Capacity
|
By Application
|
By Region
|
- Mobile
cranes
- Fixed cranes
- Marine/offshore
cranes
- Others
|
- Up to 150
Tons
- 151–300 Tons
- 301–600 Tons
- Above 600
Tons
|
- Construction
& Infrastructure
- Oil &
Gas
- Mining &
Excavation
- Others
|
- Riyadh
- Makkah
- Madinah
- Eastern
Province
- Asir
- Tabuk
- Rest of
Saudi Arabia
|
Report Scope:
In this report, the Saudi Arabia Crane Rental
Market has been segmented into the following categories, in addition to the Application
trends which have also been detailed below:
- Saudi Arabia Crane Rental
Market, By Crane Type:
o Mobile cranes
o Fixed cranes
o Marine/offshore cranes
o Others
- Saudi Arabia Crane Rental
Market, By Lifting Capacity:
o Up to 150 Tons
o 151–300 Tons
o 301–600 Tons
o Above 600 Tons
- Saudi Arabia Crane Rental
Market, By Application:
o Construction & Infrastructure
o Oil & Gas
o Mining & Excavation
o Others
- Saudi Arabia Crane Rental Market,
By Region:
o Riyadh
o Makkah
o Madinah
o Eastern Province
o Asir
o Tabuk
o Rest of Saudi Arabia
Competitive Landscape
Company Profiles: Detailed analysis of the major companies
present in the Saudi Arabia Crane Rental Market.
Available Customizations:
Saudi Arabia Crane Rental Market report with
the given market data, Tech Sci Research offers customizations according to a
company's specific needs. The following customization options are available for
the report:
Company Information
- Detailed analysis and
profiling of additional market players (up to five).
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