Market Forecast By Types (Mobile Crane, Bulldozer and Construction Tractor, Earthmoving Equipment (Loader, Excavator, Motor Grader), Material Handling Equipment (Telescopic Handler, Forklift), Dump Truck, Aerial Work Platform (Articulated Boom lift, Telescopic Boom lift, Scissor Lift), Road Construction Equipment (Paver, Road Roller)), By Applications (Construction, Oil & Gas, Mining and Others including Municipality and Road Construction), By Regions (Eastern, Western, Central and Southern) and Competitive Landscape
Product Code: ETC060909 | Publication Date: May 2022 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 120 | No. of Figures: 41 | No. of Tables: 22 |
Saudi Arabia Construction Equipment Market report thoroughly covers market by types, applications and regions. Saudi Arabia Construction Equipment Market report provides an unbiased and detailed analysis of the on-going market trends, opportunities/high growth areas and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.
Saudi Arabia Construction Equipment Market Synopsis
Construction equipment market in Saudi Arabia declined over the past few years on account of reduced government expenditure due to low crude oil prices, which resulted in the cancellation of many large-scale construction projects, thereby affecting the demand for construction equipment negatively. However, the rising government infrastructure spending underpinned by initiatives such as Saudi Vision 2030 and National Transformation Program coupled with rising FDI, and private sector investment would drive the construction equipment market in the Kingdom. The spread of the COVID-19 pandemic has resulted in slowdown of the overall economy leading to the temporary halt in many construction projects across the region, thereby impacting the construction equipment market in Saudi Arabia, which is expected to regain momentum in the year 2021.
According to 6Wresearch, Saudi Arabia Construction Equipment Market size is projected to grow at a CAGR of 4.2% in terms of revenues during 2021-2027. The construction equipment market in Saudi Arabia has been declining over the last few years on account of halting and cancellation of various projects in the wake of several factors such as the oil crisis. Further, with the outbreak of the COVID-19 pandemic in 2020, construction sector witnessed another massive hit due to supply chain disruptions, delays and lack of manforce, thus, negatively impacting the construction equipment market in the country in 2020.
Market by Types Analysis
On the basis of types, the mobile crane segment is expected to grow at a substantial rate over the coming years on account of widespread utility for moving the containers, especially in the oil & gas industry. Earthmoving equipment has garnered the major market revenue share in Saudi Arabia’s construction equipment market owing to its prevalent usage in sectors such as mining, transportation and commercial, where they are extensively used for excavating, lifting heavy weights and laying railway tracks.
Market by Applications Analysis
On the basis of applications, construction application segment is expected to demonstrate significant growth over the coming years owing to a large number of upcoming infrastructure projects in the region such as NEOM city, Red Sea project and Diriya Gate project. Additionally, the rising hotel chains and entertainment areas on account of Saudi vision to boost the tourism sector have further escalated the demand for construction equipment in the country. Based on regions, central region of Saudi Arabia is anticipated to register fastest growth in the forecast period on the back of many upcoming infrastructure development projects in the region.
Key Attractiveness of the Report
Key Highlights of the Report
Market Scope and Segmentation
The report provides a detailed analysis of the following market segments:
Frequently Asked Questions About the Market Study:
1. Executive Summary |
2. Introduction |
2.1 Report Description |
2.2 Key Highlights of the Report |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3. Middle East Construction Equipment Market Overview |
3.1 Middle East Construction Equipment Market Revenues and Volume, 2017-2027F |
4. Saudi Arabia Construction Equipment Market Overview |
4.1 Saudi Arabia Construction Equipment Market Revenues and Volume, 2017-2027F |
4.2 Saudi Arabia Construction Equipment Market - Industry Life Cycle |
4.3 Saudi Arabia Construction Equipment Market - Porter’s Five Forces |
4.4 Saudi Arabia Construction Equipment Market Revenue and Volume Share, By Types, 2020 & 2027F |
4.5 Saudi Arabia Construction Equipment Market Revenue Share, By Applications, 2020 & 2027F |
4.6 Saudi Arabia Construction Equipment Market Revenue Share, By Regions, 2020 & 2027F |
5. Saudi Arabia Construction Equipment Market Covid-19 Impact Analysis |
6. Saudi Arabia PESTEL Analysis |
7. Saudi Arabia Construction Equipment Market Dynamics |
7.1 Impact Analysis |
7.2 Market Drivers |
7.3 Market Restraints |
8. Saudi Arabia Construction Equipment Market Trends |
9. Saudi Arabia Construction Equipment Market Overview, By Types |
9.1 Saudi Arabia Mobile Crane Market Revenues and Volume, 2017-2027F |
9.2 Saudi Arabia Construction Tractors and Bulldozers Market Revenues and Volume, 2017-2027F |
9.3 Saudi Arabia Earth Moving Equipment Market Revenues and Volume, 2017-2027F |
9.3.1 Saudi Arabia Earth Moving Equipment Market Revenue and Volume Share, By Types, 2020 & 2027F |
9.3.2 Saudi Arabia Loader Market Revenues and Volume, 2017-2027F |
9.3.2.1 Saudi Arabia Loader Market Revenue and Volume Share, By Types, 2020 & 2027F |
9.3.2.2 Saudi Arabia Loader Market Revenues and Volume, By Types, 2017-2027F |
9.3.3 Saudi Arabia Excavator Market Revenues and Volume, 2017-2027F |
9.3.3.1 Saudi Arabia Excavator Market Revenue and Volume Share, By Types, 2020 & 2027F |
9.3.3.2 Saudi Arabia Excavator Market Revenues and Volume, By Types, 2017-2027F |
9.3.4 Saudi Arabia Motor Grader Market Revenues and Volume, 2017-2027F |
9.4 Saudi Arabia Material Handling Equipment Market Revenues and Volume, 2017-2027F |
9.4.1 Saudi Arabia Material Handling Equipment Market Revenue and Volume Share, By Types, 2020 & 2027F |
9.4.2 Saudi Arabia Material Handling Equipment Market Revenues and Volume, By Types, 2017-2027F |
9.5 Saudi Arabia Dump Truck Market Revenues and Volume, 2017-2027F |
9.6 Saudi Arabia Aerial Work Platform Market Revenues and Volume, 2017-2027F |
9.6.1 Saudi Arabia Aerial Work Platform Market Revenue and Volume Share, By Types, 2020 & 2027F |
9.6.2 Saudi Arabia Aerial Work Platform Market Revenues and Volume, By Types, 2017-2027F |
9.7 Saudi Arabia Road Construction Equipment Market Revenues and Volume, 2017-2027F |
9.7.1 Saudi Arabia Road Construction Equipment Market Revenue and Volume Share, By Types, 2020 & 2027F |
9.7.2 Saudi Arabia Road Construction Equipment Market Revenues and Volume, By Types, 2017-2027F |
10. Saudi Arabia Construction Equipment Market Overview, By Applications |
10.1 Saudi Arabia Construction Equipment Market Revenues, By Applications, 2017-2027F |
10.1.1 Saudi Arabia Construction Equipment Market Revenues, By Construction, 2017-2027F |
10.1.2 Saudi Arabia Construction Equipment Market Revenues, By Oil & gas, 2017-2027F |
10.1.3 Saudi Arabia Construction Equipment Market Revenues, By Mining, 2017-2027F |
10.1.4 Saudi Arabia Construction Equipment Market Revenues, By Others, 2017-2027F |
11. Saudi Arabia Construction Equipment Market Overview, By Regions |
11.1 Saudi Arabia Construction Equipment Market Revenues, By Regions, 2017-2027F |
11.1.1 Saudi Arabia Construction Equipment Market Revenues, By Eastern Region, 2017-2027F |
11.1.2 Saudi Arabia Construction Equipment Market Revenues, By Central Region, 2017-2027F |
11.1.3 Saudi Arabia Construction Equipment Market Revenues, By Western Region, 2017-2027F |
11.1.4 Saudi Arabia Construction Equipment Market Revenues, By Southern Region, 2017-2027F |
12. Saudi Arabia Construction Equipment Market Major Projects |
12.1 Saudi Arabia Upcoming Mega Projects |
12.2 Saudi Arabia Upcoming Medical Complex Projects |
12.3 Saudi Arabia Upcoming Transportation Projects |
12.4 Saudi Arabia Upcoming Skyscraper Projects |
12.5 Saudi Arabia Upcoming Industrial Projects |
12.6 Saudi Arabia Upcoming Economic City Projects |
13. Saudi Arabia Construction Equipment Market Key Performance Indicators |
14. Saudi Arabia Construction Equipment Market Opportunity Assessment |
14.1 Saudi Arabia Construction Equipment Market Opportunity Assessment, By Applications, 2027F |
15. Saudi Arabia Construction Equipment Market Competitive Landscape |
15.1 Saudi Arabia Construction Equipment Market Revenue Share, By Company, 2020 |
15.2 Saudi Arabia Construction Equipment Market Competitive Benchmarking, By Technical Parameters |
15.3 Saudi Arabia Construction Equipment Market Competitive Benchmarking, By Operating Parameters |
16. Company Profiles |
16.1 Caterpillar Inc. |
16.2 Komatsu Middle East FZE [KME] |
16.3 Hitachi Construction Machinery Middle East Corporation FZE |
16.4 Hyundai Construction Equipment Co., Ltd |
16.5 Volvo Construction Equipment |
16.6 J C Bamford Excavator Limited |
16.7 Doosan Infracore Co., Ltd. |
16.8 Xuzhou Construction Machinery Group Co., Ltd. |
16.9 Tadano Ltd. |
16.10 Dynapac MEA FZE |
17. Key Strategic Recommendations |
18. Disclaimer |
List of Figures |
1. Middle East Construction Equipment Market Revenues and Volume, 2017-2027F ($ Billion, Thousand Units) |
2. Saudi Arabia Construction Equipment Market Revenues and Volume, 2017-2027F ($ Million, Units) |
3. Saudi Arabia Construction Equipment Market Revenue Share, By Types, 2020 & 2027F |
4. Saudi Arabia Construction Equipment Market Volume Share, By Types, 2020 & 2027F |
5. Saudi Arabia Construction Equipment Market Revenue Share, By Applications, 2020 & 2027F |
6. Saudi Arabia Construction Equipment Market Revenue Share, By Regions, 2020 & 2027F |
7. India-Saudi Arabia Trade, 2015-2020 ($ Billion) |
8. Saudi Arabia Infant Mortality Rate (Per 1000 Live Births), 2010-2019 |
9. Saudi Arabia Carbon-Dioxide Emission Data, 2010-2020 (Million Tonnes) |
10. Saudi Arabia Real GDP Growth Rates, Q1 2020 – Q1 2021 |
11. Saudi Arabia Non-Oil Revenue, 2016 -2020 ($ Billion) |
12. GHG Emissions Per Capita, 2019 (Metric Tons) |
13. Saudi Arabia Energy-Related CO2 Emissions Share, 2020 |
14. Saudi Arabia Mobile Crane Market Revenues and Volume, 2017-2027F ($ Million, Units) |
15. Saudi Arabia Bulldozer and Construction Tractor Market Revenues and Volume, 2017-2027F ($ Million, Units) |
16. Saudi Arabia Earthmoving Equipment Market Revenues and Volume, 2017-2027F ($ Million, Units) |
17. Saudi Arabia Earth Moving Equipment Market Revenue Share, By Types, 2020 & 2027F |
18. Saudi Arabia Earth Moving Equipment Market Volume Share, By Types, 2020 & 2027F |
19. Saudi Arabia Loader Market Revenues and Volume, 2017-2027F ($ Million, Units) |
20. Saudi Arabia Loader Market Revenue Share, By Types, 2020 & 2027F |
21. Saudi Arabia Loader Market Volume Share, By Types, 2020 & 2027F |
22. Saudi Arabia Excavator Market Revenues and Volume, 2017-2027F ($ Million, Units) |
23. Saudi Arabia Excavator Market Revenue Share, By Types, 2020 & 2027F |
24. Saudi Arabia Excavator Market Volume Share, By Types, 2020 & 2027F |
25. Saudi Arabia Motor Grader Market Revenues and Volume, 2017-2027F ($ Million, Units) |
26. Saudi Arabia Material Handling Market Revenues and Volume, 2017-2027F ($ Million, Units) |
27. Saudi Arabia Material Handling Market Revenue Share, By Types, 2020 & 2027F |
28. Saudi Arabia Material Handling Market Volume Share, By Types, 2020 & 2027F |
29. Saudi Arabia Dump Truck Market Revenues and Volume, 2017-2027F ($ Million, Units) |
30. Saudi Arabia Aerial Work Platform Market Revenues and Volume, 2017-2027F ($ Million, Units) |
31. Saudi Arabia Aerial Work Platform Market Revenue Share, By Types, 2020 & 2027F |
32. Saudi Arabia Aerial Work Platform Market Volume Share, By Types, 2020 & 2027F |
33. Saudi Arabia Road Construction Equipment Market Revenues and Volume, 2017-2027F ($ Million, Units) |
34. Saudi Arabia Road Construction Equipment Market Revenue Share, By Types, 2020 & 2027F |
35. Saudi Arabia Road Construction Equipment Market Volume Share, By Types, 2020 & 2027F |
36. Saudi Arabia GDP from Construction, July 2019-April 2021 ($ Million) |
37. Saudi Arabia Office Space Supply, Q2 2021-2023F (Sqm GLA) |
38. Saudi Arabia Residential Supply Stock, Q2 2021-2023F (Sqm GLA) |
39. Saudi Arabia Retail Supply Stock, Q2 2021-2023F (Sqm GLA) |
40. Saudi Arabia Construction Equipment Market Opportunity Assessment, By Applications, 2027F |
41. Saudi Arabia Construction Equipment Market Revenue Share, By Companies, 2020 |
List of Tables |
1. Saudi Arabia Economic Activities Breakdown, 2020 |
2. Saudi Arabia Pre-Primary Education Gross Enrolment Ratio, 2015-2019 |
3. Saudi Arabia Major Upcoming Hospitality Projects |
4. Cost of Construction Equipment ($) |
5. Saudi Arabia Loader Market Revenues, By Types, 2017-2027F ($ Million) |
6. Saudi Arabia Loader Market Volume, By Types, 2017-2027F (Units) |
7. Saudi Arabia Excavator Market Revenues, By Types, 2017-2027F ($ Million) |
8. Saudi Arabia Excavator Market Volume, By Types, 2017-2027F (Units) |
9. Saudi Arabia Material Handling Market Revenues, By Types, 2017-2027F ($ Million) |
10. Saudi Arabia Material Handling Market Volume, By Types, 2017-2027F (Units) |
11. Saudi Arabia Aerial Work Platform Market Revenues, By Types, 2017-2027F ($ Million) |
12. Saudi Arabia Aerial Work Platform Market Volume, By Types, 2017-2027F (Units) |
13. Saudi Arabia Road Construction Equipment Market Revenues, By Types, 2017-2027F ($ Million) |
14. Saudi Arabia Road Construction Equipment Market Volume, By Types, 2017-2027F (Units) |
15. Saudi Arabia Construction Equipment Market Revenues, By Applications, 2017-2027F ($ Million) |
16. Saudi Arabia Construction Equipment Market Revenues, By Regions, 2017-2027F ($ Million) |
17. Saudi Arabia Ongoing Major Mega Projects |
18. Saudi Arabia Ongoing Major Medical Complex Projects |
19. Saudi Arabia Ongoing Major Transportation Projects |
20. Saudi Arabia Ongoing Major Skyscraper Projects |
21. Saudi Arabia Ongoing Major Industrial Projects |
22. Saudi Arabia Petrochemical Projects |
Market Forecast By Type (Mobile Crane, Construction Tractor and Bulldozer and Earthmoving Equipment (Loaders, Excavators and Motor Grader (Aerial Work Equipment (Articulated Boom Lifts, Telescopic Boom Lifts, and Scissor Lifts), Material Handling Equipment (Telescopic Handlers and Forklifts), Dump Trucks (Road Construction Equipment (Pavers and Road Rollers)), By Applications (Construction, Oil & Gas, Mining and Others including Municipality and Road Construction), By Regions (Eastern, Western, Central and Southern) and Competitive Landscape
Product Code: ETC060909 | Publication Date: Jul 2021 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 116 | No. of Figures: 45 | No. of Tables: 21 |
The Saudi Arabia Construction Equipment Market covers the market by types, applications, and regions. The report provides an unbiased and detailed analysis of the on-going trends, opportunities/high growth areas, and market drivers which would help the stakeholders to device and align their market strategies according to the current and future market dynamics.
Saudi Arabia Construction Equipment Market Synopsis
Saudi Arabia Construction Equipment Market has declined on account of low crude oil prices over the past few years. Fall in the prices of crude oil has led to several large-scale construction projects being halted or cancelled as a result of reduced government expenditure, thereby affecting the demand for construction equipment negatively. However, growth in the construction sector on account of increased infrastructure spending owing to Saudi Vision 2030 and National Transformation Program 2020 would drive the construction equipment market in the region over the coming years. The market has seen a substantial decline owing to the massive outbreak of COVID-19 as construction was halted to combat the spreads of the virus.
According to 6Wresearch, Saudi Arabia Construction Equipment Market size is projected to grow at CAGR of 2.6% during 2020-2026. Government plans to reduce the country’s dependence on oil-sector revenues and focus on developing and strengthening non-oil economy has led to widespread commercial and infrastructure development in the country, which include expansion of metros and airports, along with the construction of new hotels and shopping malls, which would boost the demand for construction equipment during the forecast period.
Market Analysis by Application
On the basis of Application, the construction sector has captured a decent market share in the overall market revenues in 2019 and is expected to demonstrate significant growth over the coming years owing to a large number of upcoming infrastructure projects in the region. Additionally, mobile cranes and earthmoving equipment would dominate the market revenue share due to their extensive use at construction sites for excavation and lifting heavyweights.
Market Analysis by Types
On the basis of types, the mobile crane segment has witnessed a substantial market share in the overall market revenues in 2019 and is expected to grow at a substantial rate over the coming years on account of widespread utility for moving the containers, especially in the oil & gas industry. Earth moving equipment has garnered the major market revenue share in Saudi Arabia’s construction equipment market owing to its prevalent usage in digging the earth in all the sectors such as mining, transportation and commercial, where they are extensively used for excavating, lifting heavy weights and laying railway tracks.
Key Attractiveness of the Report
Key Highlights of the Report
Market Scope and Segmentation
The report provides a detailed analysis of the following Market segments:
Frequently Asked Questions About the Market Study:
Other Key Reports Available: