Saudi Arabia Forklift Market Overview

Market Size in 2024: USD 653.31 Billion

Market Forecast in 2033: USD 2,237.41 Billion

Market Growth Rate 2025-2033: 13.1%

According to IMARC Group's latest research publication, "Saudi Arabia Forklift Market Size, Share, Trends and Forecast by Class, Power Source, Load Capacity, Electric Battery, End User, and Region, 2025-2033", the Saudi Arabia forklift market size reached USD 653.31 Billion in 2024. Looking forward, IMARC Group expects the market to reach USD 2,237.41 Billion by 2033, exhibiting a growth rate (CAGR) of 13.1% during 2025-2033.

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How AI is Reshaping the Future of Saudi Arabia Forklift Market

• AI-powered autonomous forklifts cut labor costs in Saudi warehouses, with Vision 2030's NIDLP backing smart logistics across 59 new centers spanning 100 million sqm.​
• Predictive maintenance via AI slashes downtime by optimizing fleets, as Kanoo Machinery partners Combilift for advanced sideloading tech in key hubs.​
• Real-time analytics from AI boosts e-commerce ops, fueling demand in Dammam's 5,200 sqm spare parts warehouses for faster fulfillment.​
• Safety systems with AI radar prevent accidents, aligning with Vision 2030's industrial push and SharpEagle's tailored MHE solutions.​
• Alkhorayef's MoU with XSQUARE advances AI robotics at Saudi Logistics Expo, enhancing warehousing efficiency nationwide.

Saudi Arabia Forklift Market Trends & Drivers:

Saudi Arabia's forklift market is booming thanks to Vision 2030's massive push into logistics and infrastructure, with plans for 59 logistics centers spanning over 100 million square meters to turn the kingdom into a global trade hub. These mega projects crank up demand for reliable material handlers, especially in warehouses and ports where heavy loads zip around construction sites and distribution hubs. Take Riyadh's Special Integrated Logistics Zone at King Khalid International Airport—it's already firing up operations on 3 million square meters, pulling in forklifts for everything from cargo shuffling to inventory stacking. Companies like SANY jumped in by opening a new branch in Abha, making sure gear reaches even remote industrial spots without a hitch.​

E-commerce explosion is fueling forklift frenzy across Saudi warehouses, as online shopping surges demand for quick, nimble inventory management that keeps orders flying out the door. Platforms need electric and autonomous models to handle the crush in places like Dammam, where new 5,200-square-meter spare parts facilities from OMODA & JAECOO are optimizing storage with round-the-clock efficiency. ZATCA's fresh initiative for 13 customs warehouses at entry points packs in advanced machinery, slashing unload times and boosting trade flow. This real-world setup means businesses swap old rigs for smarter ones, cutting costs and errors while riding the digital retail wave.​

Shifting to green tech like electric forklifts is reshaping the scene, driven by Vision 2030 incentives for low-emission gear that slashes maintenance and noise in tight urban ops. Electric models dominate thanks to partnerships like Kanoo Machinery teaming with Combilift for sustainable sideloading beasts tailored to Saudi needs. Noblelift's exclusive deal with Bakheet Co. brings cutting-edge pallet handlers right to local doors, supporting mega builds at Ras Al-Khair port's 100,000-square-meter logistics parks. Operators love how these cut downtime and align with eco-goals, making heavy lifting feel light and future-proof.

Saudi Arabia Forklift Industry Segmentation:

The report has segmented the market into the following categories:

Class Insights:

• Class 1
• Class 2
• Class 3
• Class 4/5

Power Source Insights:

• ICE
• Electric

Load Capacity Insights:

• Below 5 Ton
• 5-15 Ton
• Above 16 Ton

Electric Battery Insights:

• Li-ion
• Lead Acid

End User Insights:

• Industrial
• Logistics
• Chemical
• Food and Beverage
• Retail and E-Commerce
• Others

Regional Analysis:

• Northern and Central Region
• Western Region
• Eastern Region
• Southern Region

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players.

Recent News and Developments in Saudi Arabia Forklift Market

• 2025 September: Local distributor Alliance Infinite launched an advanced forklift inspection service using AI and IoT, improving maintenance accuracy and reducing operational risks.
• 2025 July: Noblelift expanded its operations in Saudi Arabia, introducing AI-powered electric forklifts to enhance warehouse automation and energy efficiency.
• 2025 April: SIPCO invested in smart forklift fleet management, implementing AI analytics to optimize usage, increase productivity, and reduce downtime across key Saudi industrial sectors.

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