CHICAGO, March 30, 2023 /PRNewswire/ — According to Arizton’s latest research report, the Saudi Arabia construction equipment market will grow at a CAGR of 5.47% during 2022-2029.
TO KNOW MORE, DOWNLOAD THE FREE SAMPLE REPORT: https://www.arizton.com/request-sample/3788
BROWSE IN-DEPTH TOC ON THE SAUDI ARABIA CONSTRUCTION EQUIPMENT MARKET
54 – Charts
169– Pages
The Saudi government is proactively investing in transforming the country into a global logistics hub. Saudi Arabia has made significant budgetary allocations to develop transportation infrastructure such as airports, railroads, highways, and ports. In July 2021, the Saudi Ports Authority invited private sector players to build 8 new terminals (terminals in Jeddah Islamic Port, King Abdulaziz Port in Dammam, Ras Al-Khair Port, Jizan Port, Yanbu Commercial Port, King Fahad Industrial. The region is witnessing a surge in investment in the gold mining industry, and the government aims to increase gold and phosphate production. Investment is directed toward the construction of new gold extraction mines. Hence, growth in the mining industry is expected to drive the sale of large excavators in the Saudi Arabia construction equipment market.
SAUDI ARABIA CONSTRUCTION EQUIPMENT MARKET REPORT SCOPE
|
Report Attributes |
Details |
|
Market Size (2029) |
48,717 Units |
|
Market Size (2022) |
33,551 Units |
|
CAGR (2022-2029) |
5.47 % |
|
Historic Year |
2020-2021 |
|
Base Year |
2022 |
|
Forecast Year |
2023-2029 |
|
Type |
Earthmoving Equipment, Road Construction Equipment, Material Handling Equipment, and Other Construction Equipment |
|
End-Users |
Construction, Mining, Manufacturing, and Others |
LOOKING FOR MORE INFORMATION? DOWNLOAD THE FREE SAMPLE REPORT NOW: https://www.arizton.com/request-sample/3788
Earthmoving equipment accounted for the largest market share of 47.7% in Saudi Arabia construction equipment market in 2022. Excavators in the earthmoving segment accounted for the largest share; further, the rising investment in infrastructures, development of roadways, & other waste management projects in 2023 is expected to drive the demand for hydraulic excavators.
Saudi Arabian government in waste management projects in 2023 is expected to drive demand for loaders, excavators, and dump trucks in the country. The government aims to eliminate 82% of waste generated by 2030. Therefore, government fund is also allocated for constructing new waste management facilities across the country in 2023. Investment in renewable energy projects across the country in 2023 is expected to drive demand for mini excavators, cranes, and aerial platforms in the Saudi Arabia construction equipment market.
CUSTOMIZE YOUR REPORT NOW:
If our report does not include the information you are searching for, you may contact us to have a report tailored to your specific business needs https://www.arizton.com/customize-report/3788
KEY VENDORS
- Caterpillar
- Komatsu
- Xuzhou Construction Machinery Group Co. Ltd. (XCMG)
- Liebherr
- Volvo Construction Equipment
- Hitachi Construction Machinery
- JCB
- SANY
- CNH Industrial
- Kobelco
OTHER PROMINENT VENDORS
- Yanmar
- Manitou
- Kubota
- Zoomlion Heavy Industry Science & Technology Co., Ltd.
- Hyundai Doosan Infracore
DISTRIBUTOR PROFILES
- Kanoo Machinery
- Al-Futtaim Auto & Machinery Company
- Arabian Truck & Construction Equipment Co.
- Arabian Auto Agency
- Al-Qahtani Vehicle & Machinery Company
MARKET SEGMENTATION
- Earthmoving Equipment
- Excavator
- Backhoe Loaders
- Motor Graders
- Other Earthmoving Equipment (Other loaders, Bulldozers, Trenchers)
- Road Construction Equipment
- Road Rollers
- Asphalt Pavers
- Material Handling Equipment
- Crane
- Forklift & Telescopic Handlers
- Aerial Platforms (Articulated Boom Lifts, Telescopic Boom lifts, Scissor lifts)
- Other Construction Equipment
- Dumper
- Tipper
- Concrete Mixer
- Concrete Pump Truck
- End Users
- Construction
- Mining
- Manufacturing
- Others
TABLE OF CONTENT
Section 1 – Research Methodology
Section 2 – Research Objective
Section 3 – Research Process
Section 4 – Introduction
4.1 Market Coverage
4.2 Report Scope
Section 5 – Market At A Glance
5.1 Market Snapshot
Section 6 – Executive Summary
Section 7– Market Landscape
7.1 PESTEL Analysis
7.2 Economic Scenario
7.3 Key Projects
7.4 Market Dynamic
7.5 Key Upcoming Cities in Saudi Arabia
7.6 Import & Export Analysis
7.7 Supply chain Analysis
Section 8– Segmentation
8.1 By Equipment Type
8.1.1 Equipment Definition (Earthmoving)
8.1.1.1 Earthmoving Equipment (Volume & Value)
8.1.1.2 Excavators
8.1.1.3 Backhoe Loaders
8.1.1.4 Motor Graders
8.1.1.5 Other Earthmoving Equipment (Other Loaders, Bulldozers, Trenchers, etc.)
8.1.2 Equipment Definition (Road Construction)
8.1.2.1 Road Construction (Volume & Value)
8.1.2.2 Road Rollers
8.1.2.3 Asphalt Pavers
8.1.3 Equipment Definition (Material Handling)
8.1.3.1 Material Handling Equipment (Volume & Value)
8.1.3.2 Cranes
8.1.3.3 Forklifts & Telehandlers
8.1.3.4 Aerial Platforms
8.1.4 Equipment Definition (Other Equipment)
8.1.4.1 Other Equipment (Volume & Value)
8.1.4.2 Dumpers
8.1.4.3 Tippers
8.1.4.4 Concrete Mixtures
8.1.4.5 Concrete Pump Trucks
8.2 By End-users
8.2.1 End-user Definition
8.2.2 Construction
8.2.3 Manufacturing
8.2.4 Mining
8.2.5 Others (Waste Management, Agriculture, Oil & Gas Extraction, Utilities & Energy, Power Generation, Disaster Management and Water Management)
Section 9– Geographical Analysis
Section 10– Technology Development
Section 11– Competitive Landscape
11.1 Competitive Landscape Overview
11.2 List of Construction Companies/ Contractors
11.3 Vendors (Caterpillar | Volvo Construction Equipment| Komatsu | Hitachi Construction Machinery |Liebherr | JCB | Hyundai Doosan Infracore | CNH Industrials| Kobelco| Kubota| Manitou |Yanmar |SANY| XCMG)
11.4 Other Prominent Vendors
11.5 Distributors Companies Profiles
Section 12– Report Summary
12.1 Key Insights
12.2 Abbreviation
12.3 Exhibits
12.4 Related Report
12.5 Database
12.6 Global Reach
12.7 Offerings
CHECK OUT SOME OF THE TOP-SELLING RESEARCH REPORTS:
Kuwait Construction Equipment Market – Strategic Assessment & Forecast 2022-2028: The Kuwait construction equipment market share by units is expected to reach 7,383 by 2028. The growth in the construction equipment market is majorly driven by the increase in government investment in infrastructure & renovation projects, the boost given by the demand by the oil sector, and Kuwait’s construction plans to expand its power generation capacity in wind and solar parks.
Iran Construction Equipment Market – Strategic Assessment and Forecast 2022-2028: Iran’s construction equipment market to reach USD 411.1 million by 2028. Arizton Advisory & Intelligence states Iran’s construction equipment sales will reach around 9,029 units by 2028. Government investments in modernizing infrastructure, transport & mining industries are expected to drive the demand for construction equipment in Iran.
Oman Construction Equipment Market – Strategic Assessment & Forecast 2022-2028: Oman construction equipment market is projected to reach $157 million by 2028. The shift toward hydrogen fuel-based construction equipment and demand for advanced and Hi-tech equipment are some of the latest trends.
GCC Construction Equipment Market – Strategic Assessment & Forecast 2021-2027: GCC construction equipment market will be valued at USD 3722.2 million by 2027. The focus on affordable housing by GCC countries’ governments and the popularity of modular construction are driving the growth of the GCC construction equipment market.
ABOUT US:
Arizton Advisory and Intelligence is an innovative and quality-driven firm that offers cutting-edge research solutions to clients worldwide. We excel in providing comprehensive market intelligence reports and advisory and consulting services.
We offer comprehensive market research reports on consumer goods & retail technology, automotive and mobility, smart tech, healthcare, life sciences, industrial machinery, chemicals, materials, I.T. and media, logistics, and packaging. These reports contain detailed industry analysis, market size, share, growth drivers, and trend forecasts.
Arizton comprises a team of exuberant and well-experienced analysts who have mastered generating incisive reports. Our specialist analysts possess exemplary skills in market research. We train our team in advanced research practices, techniques, and ethics to outperform in fabricating impregnable research reports.
CONTACT US
Call: +1-312-235-2040
+1 302 469 0707
Mail: enquiry@arizton.com
Contact Us: https://www.arizton.com/contact-us
Blog: https://www.arizton.com/blog
Website: https://www.arizton.com/
Photo: https://mma.prnewswire.com/media/2044232/SAUDI_ARABIA_CONSTRUCTION_EQUIPMENT_MARKET.jpg
Logo: https://mma.prnewswire.com/media/818553/Arizton_Logo.jpg
SOURCE Arizton Advisory & Intelligence