Market Reports on Saudi Arabia Provides the Trending Market Research Report on “Saudi Arabia Construction Equipment Market, Competition Forecast & Opportunities,2027”under Heavy Industry Market Research Reports category. The Construction Equipment Market in Saudi Arabia is projected to exhibit highest growth rate over report offers a collection of superior market research, market analysis, and competitive intelligence and industry reports.
Saudi Arabia Construction Equipment Market Report and Forecast 2027
Saudi Arabia construction equipment market is projected to grow at a formidable rate during the forecast period, 2023-2027. The market growth can be attributed to the continuous development in construction activities and rising government policies to promote infrastructure in the country.
Saudi Vision 2030, an ambitious project of the Saudi government, aims to strengthen economic and investment activities in order to improve Saudi Arabia’s image and growth. Increased international non-oil trade and development of public sectors such as education, healthcare, tourism, recreation, and infrastructure are also likely to propel the growth of the Saudi Arabia construction equipment market. The development of infrastructure brought about a number of construction projects, which increased the demand for new and used heavy construction equipment in the country. Construction equipment demand is growing due to the presence of large-scale, multi-purpose, and complex construction projects aimed at transforming the broader economy.
Projects such as the Red Sea Project, NEOM, and Qiddiya will play an essential role in achieving Saudi Vision 2030, which is likely to boost demand for Saudi Arabia Construction Equipment. These projects are being built to increase tourism activities, enhance and improve people’s lives, and propel the country’s economic growth.
To meet the growing demand for fleet management and asset deposition, a large proportion of Saudi-based construction equipment sellers rely on online auctions. Using online sales channels has a significant advantage over traditional sales channels because it reaches a larger audience, accelerating construction equipment sales. Moreover, market players’ ability to meet rising demand and deliver construction equipment to customers quickly is expected to fuel the growth of the Saudi Arabia Construction Equipment market.
The Saudi Arabia construction equipment market segmentation is based on segment, product type, application, regional distribution, and company. Based on the segment, the market is divided into earth moving, material handling, concrete mixing, road construction, and others. The earth moving equipment segment is expected to hold the largest share in the Saudi Arabia construction equipment market owing to the growing demand for better infrastructure facilities and the rise in the urban population.
Key players in the Saudi Arabia construction equipment market are Vermeer Middle East FZCO, Arabian Auto Agency, Arabian Machinery and Heavy Equipment Company, Saudi Liebherr Company Ltd., Komatsu Limited, Caterpillar Saudi Arabia, Hitachi ATEC KSA, Sumitomo Corporation Saudi Arabia Ltd., Al Areedh Company, Arabian Truck & Construction Equipment Co. and among others.
Years considered for this report:
Historical Years: 2017-2020
Base Year: 2021
Estimated Year: 2022
Forecast Period: 2023–2027
Objective of the Study:
•To analyze the historical growth in the market size of the Saudi Arabia Construction Equipment market from 2023 to 2027.
•To estimate and forecast the market size of Saudi Arabia Construction Equipment market from 2023 to 2027 and growth rate until 2027.
•To classify and forecast the Saudi Arabia Construction Equipment market based on segment, product type, end user, region, and company.
•To identify the dominant region or segment in the Saudi Arabia Construction Equipment market.
•To identify drivers and challenges for the Saudi Arabia Construction Equipment market.
•To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in the Saudi Arabia Construction Equipment market.
•To identify and analyze the profiles of leading players operating in the Saudi Arabia Construction Equipment market.
•To identify key sustainable strategies adopted by market players in Saudi Arabia Construction Equipment market.
The Research performed both primary as well as exhaustive secondary research for this study. Initially Research sourced a list of manufacturers across the country. Subsequently, Research conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, Research could include the manufacturers who could not be identified due to the limitations of secondary research. Research analyzed the manufacturers, distribution channels and presence of all major players across the country.
The Research calculated the market size of the Saudi Arabia Construction Equipment market using a top-down approach, wherein data for various end-user segments was recorded and forecast for the future years. Research sourced these values from the industry experts and company representatives and externally validated through analyzing historical data of these products and applications for getting an appropriate, overall market size. Various secondary sources such as company websites, news articles, press releases, company annual reports, investor presentations and financial reports were also studied by Research.
Key Target Audience:
•Market research and consulting firms
•Government bodies such as regulating authorities and policy makers
•Organizations, forums, and alliances
The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as product manufacturers, suppliers and partners, end users, etc., besides allowing them in strategizing investments and capitalizing on market opportunities.
Report Scope:
In this report, Saudi Arabia Construction Equipment market has been segmented into following categories, in addition to the industry trends which have also been detailed below:
•Saudi Arabia Construction Equipment Market, By Segment:
Earth Moving
Material Handling
Concrete Mixing
Road Construction
Others
•Saudi Arabia Construction Equipment Market, By Product Type:
Backhoe Loaders
Excavators
Cranes
Transit Mixer
Forklifts
Batching Plants
Concrete Pump
Wheel Loader
Road Roller Machine
Compaction Equipment
Compressors
Motor Graders
Rigid Dump Trucks
Others
•Saudi Arabia Construction Equipment Market, By End-User:
Oil & Gas
Construction
Infrastructure
Manufacturing
Others
•Saudi Arabia Construction Equipment Market, By Region:
Northern & Central
Southern
Eastern
Western
Competitive Landscape
Company Profiles: Detailed analysis of the major companies present in Saudi Arabia Construction Equipment market.
Available Customizations:
With the given market data,offers customizations according to a company’s specific needs. The following customization options are available for the report:
Company Information
•Detailed analysis and profiling of additional market players (up to five)..
About Us
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