| Product Code: ETC295059 | Publication Date: Aug 2022 | Updated Date: Aug 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Ravi Bhandari | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
With the expansion of sectors like construction, manufacturing, and logistics, the industrial lifting equipment market in Saudi Arabia has shown remarkable expansion. Lifting equipment such as cranes, hoists, and forklifts are crucial for material handling and streamlining operations in these industries. The market`s growth is driven by urbanization, infrastructure projects, and the overall industrialization drive in the country. As Saudi Arabia continues to invest in large-scale projects and promote domestic manufacturing, the industrial lifting equipment market is anticipated to maintain its upward trajectory.
The industrial lifting equipment market in Saudi Arabia is propelled by the booming construction and manufacturing sectors. Rapid urbanization and infrastructure development require efficient lifting solutions for heavy materials and equipment. Lifting equipment, such as cranes and hoists, contribute to increased productivity, reduced manual labor, and enhanced safety standards, making them indispensable in various industries.
The Saudi Arabia industrial lifting equipment market grapples with challenges related to safety, efficiency, and compliance. Meeting stringent safety regulations while ensuring the efficient handling of heavy loads is paramount. The market must also cater to a range of industries, each with unique lifting requirements, demanding versatile and adaptable lifting solutions. Additionally, competition from international manufacturers poses challenges in terms of pricing and technological advancements. Staying ahead in automation and digitalization trends is vital for market growth.
The industrial lifting equipment market in Saudi Arabia was impacted by the COVID-19 pandemic as construction and manufacturing activities slowed down. Reduced construction projects and workforce limitations led to a decline in demand for cranes, hoists, and lifting equipment. The market`s recovery is closely tied to the revival of construction projects and industrial operations as the pandemic subsides and economic conditions improve.
In the industrial lifting equipment sector, key players are Konecranes, Terex Corporation, and Liebherr Group. These companies offer a wide range of lifting solutions for industries across Saudi Arabia.
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Saudi Arabia Industrial Lifting Equipment Market Overview |
3.1 Saudi Arabia Country Macro Economic Indicators |
3.2 Saudi Arabia Industrial Lifting Equipment Market Revenues & Volume, 2021 & 2031F |
3.3 Saudi Arabia Industrial Lifting Equipment Market - Industry Life Cycle |
3.4 Saudi Arabia Industrial Lifting Equipment Market - Porter's Five Forces |
3.5 Saudi Arabia Industrial Lifting Equipment Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 Saudi Arabia Industrial Lifting Equipment Market Revenues & Volume Share, By Mechanism Involved, 2021 & 2031F |
3.7 Saudi Arabia Industrial Lifting Equipment Market Revenues & Volume Share, By Nature Of Installation, 2021 & 2031F |
3.8 Saudi Arabia Industrial Lifting Equipment Market Revenues & Volume Share, By Application Area, 2021 & 2031F |
4 Saudi Arabia Industrial Lifting Equipment Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Growth in the construction industry in Saudi Arabia leading to increased demand for industrial lifting equipment. |
4.2.2 Expansion of the manufacturing sector in the country driving the need for efficient lifting solutions. |
4.2.3 Government initiatives and investments in infrastructure projects boosting the demand for industrial lifting equipment. |
4.3 Market Restraints |
4.3.1 High initial capital investment required for purchasing industrial lifting equipment. |
4.3.2 Challenges related to skilled labor for operating and maintaining advanced lifting equipment. |
4.3.3 Economic fluctuations impacting the overall demand for industrial lifting equipment. |
5 Saudi Arabia Industrial Lifting Equipment Market Trends |
6 Saudi Arabia Industrial Lifting Equipment Market, By Types |
6.1 Saudi Arabia Industrial Lifting Equipment Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Saudi Arabia Industrial Lifting Equipment Market Revenues & Volume, By Type, 2021-2031F |
6.1.3 Saudi Arabia Industrial Lifting Equipment Market Revenues & Volume, By Lifts, 2021-2031F |
6.1.4 Saudi Arabia Industrial Lifting Equipment Market Revenues & Volume, By Fork Lifts, 2021-2031F |
6.1.5 Saudi Arabia Industrial Lifting Equipment Market Revenues & Volume, By Hoists, 2021-2031F |
6.1.6 Saudi Arabia Industrial Lifting Equipment Market Revenues & Volume, By Stackers, 2021-2031F |
6.1.7 Saudi Arabia Industrial Lifting Equipment Market Revenues & Volume, By Pallet Trucks, 2021-2031F |
6.1.8 Saudi Arabia Industrial Lifting Equipment Market Revenues & Volume, By Robotic Arms, 2021-2031F |
6.2 Saudi Arabia Industrial Lifting Equipment Market, By Mechanism Involved |
6.2.1 Overview and Analysis |
6.2.2 Saudi Arabia Industrial Lifting Equipment Market Revenues & Volume, By Hydraulic, 2021-2031F |
6.2.3 Saudi Arabia Industrial Lifting Equipment Market Revenues & Volume, By Pneumatic, 2021-2031F |
6.2.4 Saudi Arabia Industrial Lifting Equipment Market Revenues & Volume, By Electrical, 2021-2031F |
6.2.5 Saudi Arabia Industrial Lifting Equipment Market Revenues & Volume, By Magnetic, 2021-2031F |
6.2.6 Saudi Arabia Industrial Lifting Equipment Market Revenues & Volume, By Scissor Lifts , 2021-2031F |
6.3 Saudi Arabia Industrial Lifting Equipment Market, By Nature Of Installation |
6.3.1 Overview and Analysis |
6.3.2 Saudi Arabia Industrial Lifting Equipment Market Revenues & Volume, By Overhead, 2021-2031F |
6.3.3 Saudi Arabia Industrial Lifting Equipment Market Revenues & Volume, By Fulcrum, 2021-2031F |
6.3.4 Saudi Arabia Industrial Lifting Equipment Market Revenues & Volume, By Vehicle Mounted, 2021-2031F |
6.4 Saudi Arabia Industrial Lifting Equipment Market, By Application Area |
6.4.1 Overview and Analysis |
6.4.2 Saudi Arabia Industrial Lifting Equipment Market Revenues & Volume, By Manufacturing Industry, 2021-2031F |
6.4.3 Saudi Arabia Industrial Lifting Equipment Market Revenues & Volume, By Process Industry, 2021-2031F |
6.4.4 Saudi Arabia Industrial Lifting Equipment Market Revenues & Volume, By Shipping Dockyards, 2021-2031F |
6.4.5 Saudi Arabia Industrial Lifting Equipment Market Revenues & Volume, By Warehouses, 2021-2031F |
7 Saudi Arabia Industrial Lifting Equipment Market Import-Export Trade Statistics |
7.1 Saudi Arabia Industrial Lifting Equipment Market Export to Major Countries |
7.2 Saudi Arabia Industrial Lifting Equipment Market Imports from Major Countries |
8 Saudi Arabia Industrial Lifting Equipment Market Key Performance Indicators |
8.1 Utilization rate of industrial lifting equipment in key sectors such as construction and manufacturing. |
8.2 Adoption rate of advanced lifting technologies in the market. |
8.3 Rate of new product development and innovation in the industrial lifting equipment sector. |
9 Saudi Arabia Industrial Lifting Equipment Market - Opportunity Assessment |
9.1 Saudi Arabia Industrial Lifting Equipment Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 Saudi Arabia Industrial Lifting Equipment Market Opportunity Assessment, By Mechanism Involved, 2021 & 2031F |
9.3 Saudi Arabia Industrial Lifting Equipment Market Opportunity Assessment, By Nature Of Installation, 2021 & 2031F |
9.4 Saudi Arabia Industrial Lifting Equipment Market Opportunity Assessment, By Application Area, 2021 & 2031F |
10 Saudi Arabia Industrial Lifting Equipment Market - Competitive Landscape |
10.1 Saudi Arabia Industrial Lifting Equipment Market Revenue Share, By Companies, 2024 |
10.2 Saudi Arabia Industrial Lifting Equipment Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |