How Big is the Saudi Arabia Construction Equipment Market?
The Saudi Arabia Construction Equipment Market is estimated to grow at a CAGR of around 4.5% during the forecast period, i.e., 2024-30. The market is propelled by the dynamic growth in the infrastructural development & tourism sectors throughout the region. As Saudi Arabia undergoes rapid industrialization & economic diversification, a significant departure from its historical dependence on the oil & gas industry is evident.
Market Statistics
- Market Growth Rate (CAGR): 4.5% from 2024-2030
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Saudi Arabia Construction Equipment Market Insight:
Driver-
Expansion in Residential Construction Projects Propelling the Demand for Construction Equipment – Over the course, the Saudi Arabian government has made substantial investments in the construction of numerous residential projects, reflecting a strategic focus on addressing the growing needs of the expatriate population. Key reforms pertaining to migrant workers, allowing increased mobility & flexibility in employment changes, have led to a surge in expat population growth.
In response to this demographic expansion, the government has recognized the imperative to construct additional housing facilities across the country. Consequently, there has been a concerted effort to invest in and introduce new housing projects, aligning with the evolving needs of the burgeoning population. This sustained commitment to expanding residential infrastructure has, in turn, stimulated a heightened demand for construction equipment across Saudi Arabia.
Saudi Arabia Construction Equipment Market Segmentation:
The report has segmented the market into the following categories:
By Type of Equipment
- Earthmoving Equipment - Market Size & Forecast 2019-2030, (Thousand Units)
- Excavator- Market Size & Forecast 2019-2030, (Thousand Units)
- Loaders - Market Size & Forecast 2019-2030, (Thousand Units)
- Backhoe Loaders- Market Size & Forecast 2019-2030, (Thousand Units)
- Compact Track Loaders- Market Size & Forecast 2019-2030, (Thousand Units)
- Skid Steer Loaders- Market Size & Forecast 2019-2030, (Thousand Units)
- Crawler Loader- Market Size & Forecast 2019-2030, (Thousand Units)
- Bulldozers - Market Size & Forecast 2019-2030, (Thousand Units)
- Motor Graders- Market Size & Forecast 2019-2030, (Thousand Units)
- Others (Dump Trucks, Trenchers, etc.)- Market Size & Forecast 2019-2030, (Thousand Units)
- Material Handling Equipment- Market Size & Forecast 2019-2030, (Thousand Units)
- Cranes- Market Size & Forecast 2019-2030, (Thousand Units)
- Forklift- Market Size & Forecast 2019-2030, (Thousand Units)
- Tipper- Market Size & Forecast 2019-2030, (Thousand Units)
- Others (Articulated Boom Lifts, Telescopic Boom Lifts, etc.)- Market Size & Forecast 2019-2030, (Thousand Units)
- Road Building Equipment- Market Size & Forecast 2019-2030, (Thousand Units)
- Compactors- Market Size & Forecast 2019-2030, (Thousand Units)
- Pavers- Market Size & Forecast 2019-2030, (Thousand Units)
- Road Roller- Market Size & Forecast 2019-2030, (Thousand Units)
By End Users
- Power & Utilities- Market Size & Forecast 2019-2030, (Thousand Units)
- Mining- Market Size & Forecast 2019-2030, (Thousand Units)
- Hospitality- Market Size & Forecast 2019-2030, (Thousand Units)
- Residential- Market Size & Forecast 2019-2030, (Thousand Units)
- Healthcare- Market Size & Forecast 2019-2030, (Thousand Units)
- Infrastructure- Market Size & Forecast 2019-2030, (Thousand Units)
- Others (Educational Institutions, Water Infrastructure Projects, etc.)- Market Size & Forecast 2019-2030, (Thousand Units)
By Region
- East
- West
- South
- Central.
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Competitive Landscape:
- Caterpillar Incorporation
- AB Volvo
- Komatsu Middle East
- CNH Industrial America LLC.
- Liebherr-International Deutschland GmbH
- Hitachi Construction Machinery
- Sumitomo Construction Machinery Co., Ltd.
- Xuzhou Construction Machinery Group Co., Ltd.
- Doosan Corporation
- Kobelco Construction Machinery Middle East and Africa FZCO
The report offers an in-depth examination of the competitive landscape. It includes a thorough competitive analysis encompassing market structure, key player positioning, leading strategies for success, a competitive dashboard, and a company evaluation quadrant.
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Key Highlights of the Report:
- Market Performance (2024-2030)
- Strategic Recommendations
- Current, Historical and Future Market Trends
- Market Drivers and Leading Competitor
- SWOT Analysis
- Structure of the Market
- Comprehensive Mapping and Recent Advancement
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