Product Code: ETC009659 | Publication Date: Jul 2023 | Updated Date: Feb 2025 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 | |
The Saudi Arabia metal & metallurgy machinery market is expected to witness a CAGR of 5.5% during the forecast period 2025-2031, driven by increasing demand for better production processes and productivity along with government initiatives towards industrialization of the country. The market is also witnessing growth due to growing investments in mining industry in the country over past few years.
Rising demand from automotive, aerospace and construction industries are driving the growth of metal & metallurgy machinery market in Saudi Arabia as these industries require precision machining services for various components. The government has launched several initiatives such as Vision 2031, National Industrial Development Strategy (NIDS) and Nitaqat program to increase the contribution of industrial activities within GDP from 16% currently to 25%. This would lead to increased investment on modernizing existing production facilities as well as creating new ones which will have positive impact on metal & metallurgy machinerymarket in near future.
Installation costs can be high when it comes to large scale applications or sophisticated machines that require highly specialized personnel for set up process making it challenging for small scale enterprises looking forward entering into this they need assistance with financing options rented out equipment etc. Lack skilled labour availability may pose challenge for setting up efficient operations using digitalized solutions and automated systems , hence limiting adoption rates among major end users.
The Saudi Arabia metal and metallurgy machinery market is expected to witness steady growth during the forecast period (2025 ?? 2031). This can be attributed to the country??s increasing demand for high-performance equipment in various industries such as oil & gas, automotive, aerospace, construction etc. Moreover, a large number of new projects have been initiated by government authorities which will further boost investments and advancements in this industry. However, the ongoing COVID-19 pandemic has caused disruptions in supply chains across multiple sectors which may have an adverse impact on the metal and metallurgy machinery market over 2025-2031.
Siemens AG, ABB Ltd., FLSmidth A/S, General Electric Company, and Kawasaki Heavy Industries Ltd are some major players operating in the market.
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 Metal & Metallurgy Machinery Market Overview |
3.1 Saudi Arabia Country Macro Economic Indicators |
3.2 Saudi Arabia Metal & Metallurgy Machinery Market Revenues & Volume, 2021 & 2031F |
3.3 Saudi Arabia Metal & Metallurgy Machinery Market - Industry Life Cycle |
3.4 Saudi Arabia Metal & Metallurgy Machinery Market - Porter's Five Forces |
3.5 Saudi Arabia Metal & Metallurgy Machinery Market Revenues & Volume Share, By Product Types, 2021 & 2031F |
3.6 Saudi Arabia Metal & Metallurgy Machinery Market Revenues & Volume Share, By Applications, 2021 & 2031F |
4 Saudi Arabia Metal & Metallurgy Machinery Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Saudi Arabia Metal & Metallurgy Machinery Market Trends |
6 Saudi Arabia Metal & Metallurgy Machinery Market, By Types |
6.1 Saudi Arabia Metal & Metallurgy Machinery Market, By Product Types |
6.1.1 Overview and Analysis |
6.1.2 Saudi Arabia Metal & Metallurgy Machinery Market Revenues & Volume, By Product Types, 2021-2031F |
6.1.3 Saudi Arabia Metal & Metallurgy Machinery Market Revenues & Volume, By Metal Rolling Machinery, 2021-2031F |
6.1.4 Saudi Arabia Metal & Metallurgy Machinery Market Revenues & Volume, By Steelmaking Equipment, 2021-2031F |
6.1.5 Saudi Arabia Metal & Metallurgy Machinery Market Revenues & Volume, By Ironmaking Equipment, 2021-2031F |
6.2 Saudi Arabia Metal & Metallurgy Machinery Market, By Applications |
6.2.1 Overview and Analysis |
6.2.2 Saudi Arabia Metal & Metallurgy Machinery Market Revenues & Volume, By Cutting, 2021-2031F |
6.2.3 Saudi Arabia Metal & Metallurgy Machinery Market Revenues & Volume, By Welding, 2021-2031F |
6.2.4 Saudi Arabia Metal & Metallurgy Machinery Market Revenues & Volume, By Non-Metal Processing, 2021-2031F |
6.2.5 Saudi Arabia Metal & Metallurgy Machinery Market Revenues & Volume, By Additive Manufacturing, 2021-2031F |
6.2.6 Saudi Arabia Metal & Metallurgy Machinery Market Revenues & Volume, By Others, 2021-2031F |
7 Saudi Arabia Metal & Metallurgy Machinery Market Import-Export Trade Statistics |
7.1 Saudi Arabia Metal & Metallurgy Machinery Market Export to Major Countries |
7.2 Saudi Arabia Metal & Metallurgy Machinery Market Imports from Major Countries |
8 Saudi Arabia Metal & Metallurgy Machinery Market Key Performance Indicators |
9 Saudi Arabia Metal & Metallurgy Machinery Market - Opportunity Assessment |
9.1 Saudi Arabia Metal & Metallurgy Machinery Market Opportunity Assessment, By Product Types, 2021 & 2031F |
9.2 Saudi Arabia Metal & Metallurgy Machinery Market Opportunity Assessment, By Applications, 2021 & 2031F |
10 Saudi Arabia Metal & Metallurgy Machinery Market - Competitive Landscape |
10.1 Saudi Arabia Metal & Metallurgy Machinery Market Revenue Share, By Companies, 2024 |
10.2 Saudi Arabia Metal & Metallurgy Machinery Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |