GCC Material Handling Equipment Rental Market To Reach $3.11 Billion By 2035

GCC material handling equipment rental market size was valued at $1.48 billion in 2025 and is projected to expand at a compound annual growth rate (CAGR) of 7.68% from 2026 to 2035. A major macro driver pushing industrial operators toward equipment rental is the extensive infrastructure investment and economic diversification underway across the Gulf Cooperation Council, anchored by national plans like Saudi Vision 2030 and UAE Operation 300bn. Official merchandise trade data published by the International Trade Centre (ITC) Trade Map and UN Comtrade reveal that industrial machinery imports into GCC member states topped $42.8 billion in 2025. Furthermore, data from the International Energy Agency (IEA) indicates that non-oil infrastructure development across the region accounts for over $1 trillion in active economic projects, driving continuous demand for high-capacity material handling rental fleets.

Browse the full report description of “GCC Material Handling Equipment Rental Market Size, Share & Trends Analysis Report, By Equipment Type (Forklifts, Telehandlers, Reach Stackers, Pallet Trucks and Stackers, Order Pickers, Tow Tractors and Tuggers, Automated Guided Vehicles and Autonomous Mobile Robots, Container Handlers, Others), By Fuel Type (Electric, Internal Combustion Engine, Hybrid), By Rental Duration (Short-Term Rental, Long-Term Rental), By End-Use Industry (Warehousing and Logistics, Construction, Manufacturing, Oil and Gas, Ports and Container Terminals, Retail and E-commerce, Mining, Others), Forecast Period (2026-2035)” at https://www.omrglobal.com/industry-reports/gcc-material-handling-equipment-rental-market

To capitalize on economic growth and meet corporate sustainability targets across the Middle East, leading material handling equipment manufacturers and fleet providers executed strategic initiatives:

• Financial & Portfolio Expansion: KION Group AG reported positive first-half 2026 performance with Group revenue reaching €5.69 billion, driven by an 18% growth surge in its Intelligent Automation Solutions division, strengthening its specialized rental fleet footprint.
• Digital & Product Innovation: Toyota Material Handling (Toyota Industries Corp.) launched its MyInsights Plus Productivity platform and introduced heavy-duty electric counterbalance trucks, facilitating telematics-driven rental fleet management in high-demand logistics environments.
• Equipment Expansion: Hyster-Yale, Inc. declared an increase in its quarterly cash dividend following sequential booking improvements, supported by the expanded release of Class 1 electric counterbalanced trucks designed for warm-climate industrial operations.
• Network Expansion: Mitsubishi Logisnext Co., Ltd. expanded its dealer and rental service network via new partnerships, boosting availability for Cat lift trucks, Mitsubishi forklifts, and Rocla AGVs.
• Product Launch & Fleet Growth: Jungheinrich AG expanded its global rental fleet assets following the launch of "AntOn by Jungheinrich" and new lithium-ion warehouse trucks to support high-density logistics hubs.
• Strategic Roadmap: Mitsubishi Logisnext Co., Ltd. initiated its "Logisnext Transform 2026" plan, accelerating the production and international delivery of electric forklifts and automated guided vehicles (AGVs) tailored for operational rental environments.

Market Coverage

• The market number available for – 2025-2035
• Base year- 2025
• Forecast period- 2026-2035
• Competitive Landscape – Toyota Industries Corporation, KION Group AG, Jungheinrich AG, Hyster-Yale, Inc., Mitsubishi Logisnext Co., Ltd.

Key Questions Addressed by the Report

• Which segment and region dominate the market in the base year?

In the base year (2025), the Forklifts equipment segment and the Warehousing and Logistics end-use segment dominate the market, while Saudi Arabia holds the largest country-level market share.

• Which segment and region will project the fastest growth in the market?

The Automated Guided Vehicles (AGVs) and Autonomous Mobile Robots (AMRs) segment and the United Arab Emirates are expected to register the fastest growth rates during the forecast period.

• Who is the leader in the market?

Toyota Industries Corporation and KION Group AG lead the market, supported by extensive global manufacturing capabilities and established Middle Eastern dealer networks.

• How are players addressing challenges to sustain growth?

Manufacturers are introducing advanced telematics for predictive maintenance, expanding lithium-ion battery offerings to handle high ambient heat, and structuring flexible short- and long-term rental agreements.

• Where is the investment opportunity?

Major investment opportunities exist in lithium-ion fleet retrofits, automated guided vehicles (AGVs), telematics-integrated fleet management software, and localized service hubs across Saudi Arabia and the UAE.

GCC Material Handling Equipment Rental Market Report Segment

• By Equipment Type: Forklifts, Telehandlers, Reach Stackers, Pallet Trucks and Stackers, Order Pickers, Tow Tractors and Tuggers, Automated Guided Vehicles and Autonomous Mobile Robots, Container Handlers, Others
• By Fuel Type: Electric, Internal Combustion Engine (Diesel/LPG/CNG), Hybrid
• By Rental Duration: Short-Term Rental, Long-Term Rental
• By End-Use Industry: Warehousing and Logistics, Construction, Manufacturing, Oil and Gas, Ports and Container Terminals, Retail and E-commerce, Mining, Others

GCC Material Handling Equipment Rental Market Report Segment by Region

• Saudi Arabia
• United Arab Emirates
• Qatar
• Kuwait
• Oman
• Bahrain

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