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.
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Saudi Arabia Construction Equipment Market
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 |
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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.
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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
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