48,717 Units of Construction Equipment to be Sold Across Saudi Arabia in the Next 6 Years; Growth in the Mining Industry to Drive Sale for Excavators- Arizton

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Mar 30, 2023, 13:59 ET

CHICAGO, March 30, 2023 /PRNewswire/ -- According to Arizton's latest research report, the Saudi Arabia construction equipment market will grow at a CAGR of 5.47% during 2022-2029.

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BROWSE IN-DEPTH TOC ON THE SAUDI ARABIA CONSTRUCTION EQUIPMENT MARKET    
54 - Charts     
169– Pages 

The Saudi government is proactively investing in transforming the country into a global logistics hub. Saudi Arabia has made significant budgetary allocations to develop transportation infrastructure such as airports, railroads, highways, and ports. In July 2021, the Saudi Ports Authority invited private sector players to build 8 new terminals (terminals in Jeddah Islamic Port, King Abdulaziz Port in Dammam, Ras Al-Khair Port, Jizan Port, Yanbu Commercial Port, King Fahad Industrial. The region is witnessing a surge in investment in the gold mining industry, and the government aims to increase gold and phosphate production. Investment is directed toward the construction of new gold extraction mines. Hence, growth in the mining industry is expected to drive the sale of large excavators in the Saudi Arabia construction equipment market.

SAUDI ARABIA CONSTRUCTION EQUIPMENT MARKET REPORT SCOPE

Report Attributes	Details
Market Size (2029)	48,717 Units
Market Size (2022)	33,551 Units
CAGR (2022-2029)	5.47 %
Historic Year	2020-2021
Base Year	2022
Forecast Year	2023-2029
Type	Earthmoving Equipment, Road Construction Equipment, Material Handling Equipment, and Other Construction Equipment
End-Users	Construction, Mining, Manufacturing, and Others

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Earthmoving equipment accounted for the largest market share of 47.7% in Saudi Arabia construction equipment market in 2022. Excavators in the earthmoving segment accounted for the largest share; further, the rising investment in infrastructures, development of roadways, & other waste management projects in 2023 is expected to drive the demand for hydraulic excavators.

Saudi Arabian government in waste management projects in 2023 is expected to drive demand for loaders, excavators, and dump trucks in the country. The government aims to eliminate 82% of waste generated by 2030. Therefore, government fund is also allocated for constructing new waste management facilities across the country in 2023. Investment in renewable energy projects across the country in 2023 is expected to drive demand for mini excavators, cranes, and aerial platforms in the Saudi Arabia construction equipment market.

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KEY VENDORS

Caterpillar
Komatsu
Xuzhou Construction Machinery Group Co. Ltd. (XCMG)
Liebherr
Volvo Construction Equipment
Hitachi Construction Machinery
JCB
SANY
CNH Industrial
Kobelco

OTHER PROMINENT VENDORS

Yanmar
Manitou
Kubota
Zoomlion Heavy Industry Science & Technology Co., Ltd.
Hyundai Doosan Infracore

DISTRIBUTOR PROFILES

Kanoo Machinery
Al-Futtaim Auto & Machinery Company
Arabian Truck & Construction Equipment Co.
Arabian Auto Agency
Al-Qahtani Vehicle & Machinery Company

MARKET SEGMENTATION

Earthmoving Equipment

Excavator
Backhoe Loaders
Motor Graders
Other Earthmoving Equipment (Other loaders, Bulldozers, Trenchers)

Road Construction Equipment

Road Rollers
Asphalt Pavers

Material Handling Equipment

Crane
Forklift & Telescopic Handlers
Aerial Platforms (Articulated Boom Lifts, Telescopic Boom lifts, Scissor lifts)

Other Construction Equipment

Dumper
Tipper
Concrete Mixer
Concrete Pump Truck

End Users

Construction
Mining
Manufacturing
Others

TABLE OF CONTENT

Section 1 – Research Methodology

Section 2 – Research Objective
Section 3 – Research Process
Section 4 – Introduction
4.1 Market Coverage
4.2 Report Scope

Section 5 – Market At A Glance
5.1 Market Snapshot
Section 6 – Executive Summary
Section 7– Market Landscape
7.1 PESTEL Analysis
7.2 Economic Scenario
7.3 Key Projects
7.4 Market Dynamic
7.5 Key Upcoming Cities in Saudi Arabia
7.6 Import & Export Analysis
7.7 Supply chain Analysis

Section 8– Segmentation
8.1 By Equipment Type
8.1.1 Equipment Definition (Earthmoving)
8.1.1.1 Earthmoving Equipment (Volume & Value)
8.1.1.2 Excavators
8.1.1.3 Backhoe Loaders
8.1.1.4 Motor Graders
8.1.1.5 Other Earthmoving Equipment (Other Loaders, Bulldozers, Trenchers, etc.)

8.1.2 Equipment Definition (Road Construction)
8.1.2.1 Road Construction (Volume & Value)
8.1.2.2 Road Rollers
8.1.2.3 Asphalt Pavers

8.1.3 Equipment Definition (Material Handling)
8.1.3.1 Material Handling Equipment (Volume & Value)
8.1.3.2 Cranes
8.1.3.3 Forklifts & Telehandlers
8.1.3.4 Aerial Platforms

8.1.4 Equipment Definition (Other Equipment)
8.1.4.1 Other Equipment (Volume & Value)
8.1.4.2 Dumpers
8.1.4.3 Tippers
8.1.4.4 Concrete Mixtures
8.1.4.5 Concrete Pump Trucks

8.2 By End-users
8.2.1 End-user Definition
8.2.2 Construction
8.2.3 Manufacturing
8.2.4 Mining
8.2.5 Others (Waste Management, Agriculture, Oil & Gas Extraction, Utilities & Energy, Power Generation, Disaster Management and Water Management)

Section 12– Report Summary
12.1 Key Insights
12.2 Abbreviation
12.3 Exhibits
12.4 Related Report
12.5 Database
12.6 Global Reach
12.7 Offerings

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