How Big is the Saudi Arabia Construction Equipment Market?

The Saudi Arabia Construction Equipment Market is estimated to grow at a CAGR of around 4.5% during the forecast period, i.e., 2024-30. The market is propelled by the dynamic growth in the infrastructural development & tourism sectors throughout the region. As Saudi Arabia undergoes rapid industrialization & economic diversification, a significant departure from its historical dependence on the oil & gas industry is evident.

Market Statistics

• Market Growth Rate (CAGR): 4.5% from 2024-2030

In case you missed it, we are currently revising our reports. Click on the below to get the latest research data with forecast for years 2025 to 2030, including market size, industry trends, and competitive analysis. It wouldn’t take long for the team to deliver the most recent version of the report.

If you’re interested in the assumptions considered in this study, you can download the PDF brochure-  https://www.marknteladvisors.com/query/request-sample/saudi-arabia-construction-equipment-market.html

Saudi Arabia Construction Equipment Market Insight:

Driver-

Expansion in Residential Construction Projects Propelling the Demand for Construction Equipment – Over the course, the Saudi Arabian government has made substantial investments in the construction of numerous residential projects, reflecting a strategic focus on addressing the growing needs of the expatriate population. Key reforms pertaining to migrant workers, allowing increased mobility & flexibility in employment changes, have led to a surge in expat population growth.

In response to this demographic expansion, the government has recognized the imperative to construct additional housing facilities across the country. Consequently, there has been a concerted effort to invest in and introduce new housing projects, aligning with the evolving needs of the burgeoning population. This sustained commitment to expanding residential infrastructure has, in turn, stimulated a heightened demand for construction equipment across Saudi Arabia.

 Saudi Arabia Construction Equipment Market Segmentation:

The report has segmented the market into the following categories:

By Type of Equipment

• Earthmoving Equipment - Market Size & Forecast 2019-2030, (Thousand Units)
  • Excavator- Market Size & Forecast 2019-2030, (Thousand Units)
  • Loaders - Market Size & Forecast 2019-2030, (Thousand Units)
    • Backhoe Loaders- Market Size & Forecast 2019-2030, (Thousand Units)
    • Compact Track Loaders- Market Size & Forecast 2019-2030, (Thousand Units)
    • Skid Steer Loaders- Market Size & Forecast 2019-2030, (Thousand Units)
    • Crawler Loader- Market Size & Forecast 2019-2030, (Thousand Units)
  • Bulldozers - Market Size & Forecast 2019-2030, (Thousand Units)
  • Motor Graders- Market Size & Forecast 2019-2030, (Thousand Units)
  • Others (Dump Trucks, Trenchers, etc.)- Market Size & Forecast 2019-2030, (Thousand Units)
• Material Handling Equipment- Market Size & Forecast 2019-2030, (Thousand Units)
  • Cranes- Market Size & Forecast 2019-2030, (Thousand Units)
  • Forklift- Market Size & Forecast 2019-2030, (Thousand Units)
  • Tipper- Market Size & Forecast 2019-2030, (Thousand Units)
  • Others (Articulated Boom Lifts, Telescopic Boom Lifts, etc.)- Market Size & Forecast 2019-2030, (Thousand Units)
• Road Building Equipment- Market Size & Forecast 2019-2030, (Thousand Units)
  • Compactors- Market Size & Forecast 2019-2030, (Thousand Units)
  • Pavers- Market Size & Forecast 2019-2030, (Thousand Units)
  • Road Roller- Market Size & Forecast 2019-2030, (Thousand Units)

By End Users

• Power & Utilities- Market Size & Forecast 2019-2030, (Thousand Units)
• Mining- Market Size & Forecast 2019-2030, (Thousand Units)
• Hospitality- Market Size & Forecast 2019-2030, (Thousand Units)
• Residential- Market Size & Forecast 2019-2030, (Thousand Units)
• Healthcare- Market Size & Forecast 2019-2030, (Thousand Units)
• Infrastructure- Market Size & Forecast 2019-2030, (Thousand Units)
• Others (Educational Institutions, Water Infrastructure Projects, etc.)- Market Size & Forecast 2019-2030, (Thousand Units)

By Region

• East
• West
• South
• Central.

Browse Full Report Along with TOC and Figures - https://www.marknteladvisors.com/research-library/saudi-arabia-construction-equipment-market.html

Competitive Landscape:

• Caterpillar Incorporation
• AB Volvo
• Komatsu Middle East
• CNH Industrial America LLC.
• Liebherr-International Deutschland GmbH
• Hitachi Construction Machinery
• Sumitomo Construction Machinery Co., Ltd.
• Xuzhou Construction Machinery Group Co., Ltd.                                
• Doosan Corporation
• Kobelco Construction Machinery Middle East and Africa FZCO
•  

The report offers an in-depth examination of the competitive landscape. It includes a thorough competitive analysis encompassing market structure, key player positioning, leading strategies for success, a competitive dashboard, and a company evaluation quadrant.

*Reports Delivery Format - Market research studies from MarkNtel Advisors are offered in PDF, Excel, and PowerPoint formats. Within 24 hours of the payment being successfully received, the report will be sent to your email address*

Key Highlights of the Report:

• Market Performance (2024-2030)
• Strategic Recommendations
• Current, Historical and Future Market Trends
• Market Drivers and Leading Competitor
• SWOT Analysis
• Structure of the Market
• Comprehensive Mapping and Recent Advancement

About Us –

We are a leading market research company, consulting, & data analytics firm that provides an extensive range of strategic reports on diverse industry verticals. We deliver data to a substantial & varied client base, including multinational corporations, financial institutions, governments, & individuals, among others.

Our specialization in niche industries & emerging geographies allows our clients to formulate their strategies in a much more informed way and entail parameters like Go-to-Market (GTM), product development, feasibility analysis, project scoping, market segmentation, competitive benchmarking, market sizing & forecasting, & trend analysis, among others, for 15 diverse industrial verticals.

Other Report:

• Mobile Cloud Computing Market | CAGR of 22% in the Coming Year 2028
• Netherlands Shared Mobility Market | CAGR of 2.32% By 2028
• Resistive Random-Access Memory (RERAM) Market | Trends and Forecast Report
• Spinal Muscular Atrophy (SMA) Treatment Market Size & Share Analysis 2030
• GCC Vehicle-to-Vehicle (V2V) Communication Market | CAGR of 3.58% By 2028

Contact Us –

Call +1 628 895 8081, +91 120 4278433

Email: sales@marknteladvisors.com