Saudi Arabia Crane Market (2020-2026) | Revenue, Industry, Analysis, Trends, Companies, Size, Growth, COVID-19 IMPACT, Forecast, Share, Value & Outlook

Rapid urbanization, the rising number of smart cities, availability of advanced infrastructure facilities along with technological advancement as well as an increasing number of infrastructure and complex construction projects are some of the key growth drivers of the crane market in Saudi Arabia. However, the outbreak of the COVID-19 pandemic has resulted in a slowdown in Saudi Arabia's economy during the first three quarters of 2020. Though the economic scenario in the Saudi Arabia region is expected to recover steadily in the next few years, the crane market in Saudi Arabia is also likely to recover gradually over the years to come.

According to 6Wresearch, the Saudi Arabia Crane Market size is likely to witness growth during 2020-2026. This growth is primarily attributed to government initiatives towards transforming the economy from the oil sector to the non-oil sector by implementing development plans such as Saudi Vision 2030. Additionally, a rising number of infrastructure and industrial development projects provided by public and private facilities to expand and modernize the road network, railways, trade, and tourism centers, and airports such as the Neom project, Railway project, and Red Sea project, etc will further spur the demand for cranes in Saudi Arabia during the forecast period.

Based on equipment type, the mobile crane segment dominates the overall Saudi Arabia crane market due to the rising demand for heavy load lifting applications across the industrial and commercial sectors. Additionally, the construction segment is the key revenue-generating segment in Saudi Arabia's crane market.

The Saudi Arabia crane market report thoroughly covers the market by types, applications, and regions. Saudi Arabia's crane market outlook report provides an unbiased and detailed analysis of the on-going Saudi Arabia crane 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 crane market is expected to gain momentum during the forecast period 2021-27F backed by the rising constructional projects such as Mall of Saudi and Assama projects that tends to support the growth of the hospitality sector which is expected to continue to grow massively backed by evolving tourism sector in the country and is expected to propel significant demand for cranes in order to build tall building structure and that would assist the market to achieve positive growth in the forthcoming years. Moreover, ongoing projects in the country such as Riyadh Metro and Riyadh rapid bus transit system to ensure wide ease of mobility in the country which is estimated to strengthening the transportation sector as a result, would benefit the Saudi Arabia crane market to grow considerably in the foreseeable future.

Key Highlights of the Report:

• Saudi Arabia Crane Market Overview
• Saudi Arabia Crane Market Outlook
• Saudi Arabia Crane Market Forecast
• Historical Data of Saudi Arabia Crane Market Revenues & Volume for the Period 2016-2019.
• Saudi Arabia Crane Market Size and Saudi Arabia Crane Market Forecast of Revenues and Volume, Until 2026.
• Historical Data of Saudi Arabia Crane Market Revenues and Volume, By applications, for the Period 2016-2019
• Market Size & Forecast of Saudi Arabia Crane Market Revenues and Volume, By applications, Until 2026
• Historical Data of Saudi Arabia Crane Market Revenues and Volume, By types, for the Period 2016-2019
• Market Size & Forecast of Saudi Arabia Crane Market Revenues and Volume, By types, Until 2026
• Historical Data of Saudi Arabia Crane Market Revenues and Volume, By regions, for the Period 2016-2019
• Market Size & Forecast of Saudi Arabia Crane Market Revenues and Volume, By regions, Until 2026
• Market Drivers and Restraints
• Saudi Arabia Crane Market Trends and Industry Life Cycle
• Porter's Five Force Analysis
• Market Opportunity Assessment
• Saudi Arabia Crane Market Share, By Players
• Saudi Arabia Crane Market Share, By Regions
• Saudi Arabia Crane Market Overview on Competitive Benchmarking
• Company Profiles
• Key Strategic Recommendations

Markets Covered

The Saudi Arabia crane market report provides a detailed analysis of the following market segments:

• By Types:
• Mobile Crane
• Fixed Crane
• Marine and Offshore Crane
  
  
• By Applications:
• Industrial Applications
• Marine and offshore
• Mining and Excavation
• Construction
• Other Applicants

Frequently Asked Questions About the Market Study (FAQs):