Market Forecast By Types (Small Boom Range, Medium Boom Range, Large Boom Range), By Applications (Construction, Transport, Marine, Mining, Forestry & Others) And Competitive Landscape
Product Code: ETC002467 | Publication Date: Apr 2020 | Updated Date: Dec 2024 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 | |
Report Name | Saudi Arabia Knuckle Boom Crane Market |
Forecast period | 2025-2031 |
CAGR | 11% |
Growing Sector | Construction |
The Saudi Arabia Knuckle Boom Crane Market report thoroughly covers the market by Type, Applications, and Countries. The market report provides an unbiased and detailed analysis of the ongoing 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.
The Saudi Arabia Knuckle Boom Crane Market has been experiencing significant growth over the past decade due to several factors such as infrastructural development, growth of the construction industry, heavy reliance on the oil and gas industry, and advanced technology. The market is expected to grow significantly in the coming years.
According to 6Wresearch, the Saudi Arabia Knuckle Boom Crane Market size is expected to grow at a significant CAGR of 11% during 2025-2031. The government of Saudi Arabia has been investing heavily in developing its infrastructure, including projects such as roads, bridges, and buildings. This has led to an increased demand for knuckle boom cranes for construction purposes. The country relies heavily on the oil & gas industry for its economy. Knuckle boom cranes are widely used in this sector for various tasks such as loading and unloading equipment, maintenance of pipelines, and installation of offshore platforms. Moreover, the booming construction industry in Saudi Arabia has been further driving the growth of the market. Furthermore, advanced technology has led to the development of more efficient and versatile cranes, hence driving the market.
Knuckle boom cranes are expensive, making it challenging for small and medium-sized businesses to afford them. Operating a knuckle boom crane requires specialized skills and training. However, there is a shortage of skilled operators in the Saudi Arabian market. Knuckle boom cranes require regular maintenance to ensure their optimal functioning. The cost of maintaining these cranes is high, especially for smaller companies with limited budgets.
Some of the prominent players operating in the Saudi Arabian knuckle boom crane market are Al Faris Group, Zamil Offshore Services Company, ARCOM HEAVY EQUIPMENT, Kanoo Cranes, Umm Al Qura for Development & Construction Company, Fassi Group, Tadano Ltd., XCMG Group, Liebherr Group, and Manitowoc Cranes Inc. These key players have a significant market share and are constantly expanding their product portfolio to cater to the diverse needs of their customers.
One such initiative is the National Industrial Development and Logistics Program (NIDLP), which aims to diversify the economy and increase local content in various industries, including construction. Under this, the government has invested heavily in developing infrastructure and creating a favourable business environment for companies operating in the construction sector. Moreover, the government has implemented policies to attract foreign investment and encourage local businesses to expand. This has resulted in the growth of various industries, such as manufacturing, which also require the use of cranes in their operations.
The future of the Saudi Arabia knuckle boom crane market looks promising due to various factors such as ongoing infrastructure projects, increasing demand for construction and industrial activities, and government initiatives promoting sustainable practices. The rise in investments by major companies in the country is expected to boost the demand for knuckle boom cranes. Additionally, technological advancements such as remote-controlled operations and improved safety features are expected to drive the market growth
According to Ravi Bhandari, Research Head, 6Wresearch, the medium boom range segment is anticipated to have a major share in the market. This can be attributed to its versatility and suitability for various applications such as construction, transport, and mining.
In terms of applications, the construction segment is expected to dominate the Saudi Arabia knuckle boom crane market due to the increasing investment in infrastructure development projects and rapid urbanization in the country.
The report provides a detailed analysis of the following market segments:
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 Knuckle Boom Crane Market Overview |
3.1. Saudi Arabia Country Indicators |
3.2. Saudi Arabia Knuckle Boom Crane Market Revenues , 2021-2031F |
3.3. Saudi Arabia Knuckle Boom Crane Market – Industry Life Cycle |
3.4. Saudi Arabia Knuckle Boom Crane Market – Porter’s Five Forces |
3.5. Saudi Arabia Knuckle Boom Crane Market Revenue & Volume Share, By Types, 2021&2031F |
3.6. Saudi Arabia Knuckle Boom Crane Market Revenue & Volume Share, By Applications, 2021&2031F |
4. Saudi Arabia Knuckle Boom Crane Market Dynamics |
4.1. Impact Analysis |
4.2. Market Drivers |
4.3. Market Restraints |
5. Saudi Arabia Knuckle Boom Crane Market Trends |
6. Saudi Arabia Knuckle Boom Crane Market Overview, By Types |
6.1. Saudi Arabia Knuckle Boom Crane Market Revenues & Volume, By Small Boom Range, 2021-2031F |
6.2. Saudi Arabia Knuckle Boom Crane Market Revenues & Volume, By Medium Boom Range, 2021-2031F |
6.3. Saudi Arabia Knuckle Boom Crane Market Revenues & Volume, By Large Boom Range, 2021-2031F |
7. Saudi Arabia Knuckle Boom Crane Market Overview, By Applications |
7.1. Saudi Arabia Knuckle Boom Crane Market Revenues & Volume, By Construction, 2021-2031F |
7.2. Saudi Arabia Knuckle Boom Crane Market Revenues & Volume, By Transport, 2021-2031F |
7.3. Saudi Arabia Knuckle Boom Crane Market Revenues & Volume, By Marine, 2021-2031F |
7.4. Saudi Arabia Knuckle Boom Crane Market Revenues & Volume, By Mining, 2021-2031F |
7.5. Saudi Arabia Knuckle Boom Crane Market Revenues & Volume, By Forestry, 2021-2031F |
7.6. Saudi Arabia Knuckle Boom Crane Market Revenues & Volume, By Others, 2021-2031F |
8. Saudi Arabia Knuckle Boom Crane Market Key Performance Indicators |
9. Saudi Arabia Knuckle Boom Crane Market Opportunity Assessment |
9.1. Saudi Arabia Knuckle Boom Crane Market Opportunity Assessment, By Types, 2031 |
9.2. Saudi Arabia Knuckle Boom Crane Market Opportunity Assessment, By Applications, 2031 |
10. Saudi Arabia Knuckle Boom Crane Market Competitive Landscape |
10.1. Saudi Arabia Knuckle Boom Crane Market Revenue Share, By Companies, 2024 |
10.2. Saudi Arabia Knuckle Boom Crane Market Competitive Benchmarking, By Operating and Technical Parameters |
11. Company Profiles |
12. Recommendations |
13. Disclaimer |