6wresearch logo

Growth in the Construction Industry Fueling Saudi Arabia's Construction Equipment Market - 6Wresearch

November 08, 2015

Saudi Arabia is one of the largest country in GCC with oil based economy. In order to achieve better economic performance, government of Saudi Arabia is aiming to diversify its economy by investing in various sectors of business and industry such as hospitality, banking, retail, agriculture, infrastructure & transportation and education. Metal and mining sector is also expanding in the country which is one of the key reason for growing Saudi Arabia construction equipment market.

According to 6Wresearch, Saudi Arabia Construction Equipment Market is forecast to grow at a CAGR of 8.75% during 2015-2021. Saudi Arabia Construction Equipment Market is highly import driven and consolidated market with few global players accounting for majority of the market. International players are increasingly making their footprints in the market through partnerships or distribution.

Metal and mining is the major application of construction equipment market in the country, contributing to the maximum revenue in Saudi Arabia construction equipment market. According to Saudi Commission for Tourism and Antiquities, 214 new hotels would be built in the country over the next two years and over $30 billion would be investing to boost the hospitality sector.

According to Rajat Kharbanda, Senior Consultant, Research and Consulting, 6Wresearch, "With the large number of mega projects coming up in the construction industry and expansion of public and private infrastructures in the country, the market is expected to witness growth trajectory in the Saudi Arabia construction market during the forecast period.

Growing tourism sector would further contribute in the revenue growth in the construction equipment market in the country due the development of more hotels for accommodating the rising tourist numbers. Other construction projects includes shopping malls, airports, metro stations, and hospitals where construction equipment would be highly required." Rajat further added.

According to Sathi Paul, Research Associate, Research and Consulting, 6Wresearch, "Western region of Saudi Arabia is the main revenue generator of Saudi Arabia construction equipment market as large number of hotel and retail outlets are in the pipeline which would be constructed in Madinah and Makkah.

In Saudi Arabia construction equipment market, Loaders accounted for the major share in the Construction equipment, followed by Crane and Construction Tractors. Crawler Loaders generated major share, followed by the tower & mobile crane and in construction Tractors Bulldozer/ Crawler Tractor has captured the market. "Sathi Paul concluded.

International players includes Caterpillar, Komatsu, Hitachi, Mitsubishi, BEML, and Liebherr Group are few of the companies operating in Saudi Arabia construction equipment market

"Saudi Arabia Construction Equipment Market (2015-2021)" provides in-depth analysis with 99 figures and 36 tables covered in 166 pages. The report estimates and forecast overall Saudi Arabia Construction Equipment market by revenue, by types of construction equipment and end user applications such energy, metal & mining and construction. The report also gives the insights on competitive landscape, market share by companies, company profiles, market drivers, restraints and key performance indicators.

Media Source: THE-MEA.CO.UK

      Browse More Report

India A3/A4 Printer Market, CY H1 2016

According to 6Wresearch, India A3/A4 printer market reached over 1.4 million units in CY H1 2016. In terms of unit shipments, Hewlett Packard led the market followed by Canon and Epson.

Read More

India Pico Projector Market, CY H1 2016

According to 6wresearch, India Pico projector market (brightness up to 500 Lumens) recorded a considerable decline of more than 50% in CY H1 2016 as compared to the same period previous year.

Read More

India Projector Market, CY H1 2016

According to 6wresearch, India Projector (above 500 Lumens) market registered 0.13 million units in CY H1 2016, registering a considerable growth of around 38% compared to the same period

Read More

Saudi Arabia Package Substation Market (2016-2022)

Market Forecast by Types (Less than 36KV and 36KV to 150KV), Verticals (Industrial, Public Infrastructure, Residential, Power Utilities and Others), Regions (Central, Western, Eastern and Southern) and Competitive Landscape

Read More

India Cheque Scanner Market (2017-2022)

Market Forecast By Types (Single Feed and Multi Feed), Applications (Desktop and Kiosks), Regions (North, South, East and Western), Specifications and Competitive Landscape

Read More

GCC Solar Equipment Market (2016-2022)

Market Forecast by Types (Solar Photovoltaics (PV Modules, Mounting Structures, Inverters and Others) and Concentrated Solar Power Power (Solar Collectors and Towers, Thermal Energy Storage, Receiver and Others)), Countries (Saudi Arabia, UAE, Kuwait, Qatar, Oman and Bahrain) and Competitive Landscape

Read More

India Solar Water Pumping System Market (2017-2022)

Market Forecast by Power Rating (Up to 3HP, 3.1 to 10HP and Above 10HP), Design Type (Surface and Submersible), Drive Type (AC Motor and DC Motor), Applications (Lift Irrigation and Others), Regions (North, South, East and West) and Competitive Landscape

Read More

India Router and Switch Market (2016-2022)

Market Forecast by Router Types (Wired and Wireless), Switch Types (Managed and Unmanaged), Verticals (Residential, MSME, Large Enterprise, Hospitality & Healthcare, Government, Transportation, Education, BFSI and Telecommunication), Regions (Northern, Western, Southern and Eastern), Specifications and Competitive Landscape

Read More


Our Key Clients
6wreserach client list