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Saudi Arabia Construction Equipment Market - Strategic Assessment & Forecast 2022-2028

  • ID: 5527037
  • Report
  • January 2022
  • Region: Saudi Arabia
  • 109 Pages
  • Arizton
1h Free Analyst Time
1h Free Analyst Time

Speak directly to the analyst to clarify any post sales queries you may have.

FEATURED COMPANIES

  • Arabian Auto Agency
  • Dayim Equipment Rental
  • Kanoo Machinery
  • Kubota Corporation
  • Manitou
  • XCMG Group
1h Free Analyst Time

Speak directly to the analyst to clarify any post sales queries you may have.

The Saudi Arabia earthmoving equipment market is expected to reach 22,784 units by 2028, growing at a CAGR of 5.58%, due to increased use of excavators in affordable housing projects and growing popularity of modular construction technology.

In Saudi Arabia construction equipment market, the earthmoving segment has been widely spread at construction sites for excavation and loading/unloading heavy objects, earthmoving equipment accounted for 48.9% of the overall Saudi Arabia construction equipment market. The Saudi Arabia earthmoving equipment market is expected to reach 22,784 units by 2028, growing at a CAGR of 5.58%, due to increased use of excavators in affordable housing projects and growing popularity of modular construction technology.

SAUDI ARABIA CONSTRUCTION EQUIPMENT MARKET INSIGHTS

  • Saudi Arabia construction equipment market size will be valued at USD 1,889.5 million by 2028.
  • The Saudi Arabia construction equipment market is expected to grow significantly during the forecast period, owing to factors such as increased government expenditure in highway, metro, and airport construction projects and rising preference for renting equipment.
  • In 2022, a Spike in FDI and development in the industrial sector due to major investments in mining and renewable energy projects will significantly contribute to the expansion of the construction equipment market.
  • Construction being the primary industry sector in Saudi Arabia, equipment used in the construction industry accounted for the largest market share of nearly 59% in 2021.

KEY HIGHLIGHTS IN THE REPORT

  • A key pillar in Saudi Arabia’s Vision 2030 is the development of a thriving society. It is to increase the availability of affordable housing for its citizens. This translated into the objective of 70% Saudi homeownership by 2030 (Eskan Program). It requires that the existing housing supply grows with ~700k houses between 2020 and 2025 to achieve 65% Saudi homeownership, the 2025 target is to stay on track for the 2030 ambition boosting the growth of the market.
  • Saudi Arabia government is boosting its efforts to improve the ability of low- and middle-income households to purchase affordable homes by bridging the gap between strong demand and poor supply of housing units for the lower-income categories. In line with the Vision 2030 initiative, Saudi Arabia has taken unprecedented measures by announcing plans to build one million new housing units to fuel the market's growth.

SAUDI ARABIA CONSTRUCTION EQUIPMENT MARKET SEGMENTATION

  • Earthmoving equipment captured a major share in the overall Saudi Arabia construction equipment market due to their extensive usage at construction sites for excavation and demolition and loading/unloading heavyweights.
  • The growth in the transportation sector with the boost in government investment toward the highway, metro and airport construction projects are the major drivers increasing the demand for earthmoving equipment in Saudi Arabia construction equipment market
  • Excavators are expected to grab the major market share over the forecast period due to an increase in government investments in construction activities, such as roads, highways, metros, and airports. Increasing inclination towards the technologically advanced (electric, Hydraulic Circuit Technology, etc.) excavators in Saudi Arabia. In addition, an increase in building residential projects and hospitality construction will further spur the market.

Market Segmentation by Type

  • Earth Moving Equipment
  • Excavator
  • Backhoe Loaders
  • Motor Graders
  • Other Earth Moving Equipment
  • Road Construction Equipment
  • Asphalt Paver
  • Road Rollers
  • Material Handling Equipment
  • Crane
  • Forklift
  • Telescopic Handlers
  • Aerial Platforms (Articulated Boom Lifts, Telescopic Boom Lifts, Scissor Lifts, etc)

Market Segmentation by Application

  • Construction
  • Manufacturing
  • Mining
  • Others

VENDOR LANDSCAPE

  • Saudi Arabia has launched the Made in Saudi program, which aims to assist businesses in expanding their local footprint and increasing exports to key markets. Thereby, such growth in the manufacturing sector will positively impact the demand for the Saudi Arabia construction equipment market.
  • The largest hurdles for local developers and contractors will not be market demand but rigorous environmental laws in response to pollution concerns and labor shortages. To tackle these difficulties, the government is encouraging innovative construction techniques that will increase efficiency, minimize pollution, and lower the industry's labor intensity to drive market growth.
  • Al Ramz, one of the largest residential development companies in Saudi Arabia, had partnered with Watheeq Proptech VC Fund as an investor to utilize the opportunities in the sustainable housing market in Saudi Arabia. The fund was invested in construction technology startups, which use prefabricated buildings, and construction robots to boost the market's economy.

Major Vendors

  • Caterpillar
  • Volvo Construction Equipment
  • Liebherr
  • Komatsu
  • XCMG Group
  • Hitachi Construction Machinery Middle East Corporation FZE (HMEC)
  • JCB Ltd
  • SANY
  • Kubota Corporation
  • Zoomlion Heavy Industry Science & Technology Co. Ltd.

Other Prominent Vendors:

  • Yanmar
  • Manitou
  • Kobelco Construction Machinery

Other Distributor Profiles:

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

WHY SHOULD YOU BUY THIS REPORT?


This report is among the few in the market that offers outlook and opportunity analysis forecast in terms of:

  • Volume (Unit sales)
  • Type
  • Application
  • Value (USD)
  • Type
  • Application
  • Gain competitive intelligence about the economic scenario, advantages in Saudi Arabia countries major projects and investments, dynamics, and market share.
  • Examples of the latest technologies.
  • Get presentation-ready format and easy-to-interpret data.
  • Enable decision-makers to make informed and profitable choices
  • Gain expert quantitative and qualitative analysis on value/volume growth projections of the Saudi Arabia construction equipment market share.
  • Complete supply chain analysis
  • Get COVID-19 impact analysis of the market
  • Company Profile of 10 prominent vendors.

KEY QUESTIONS ANSWERED:


1. What is the size of Saudi Arabia construction equipment market?
2. Who are the key market players in the Saudi construction equipment industry?
3. What are the different types of construction equipment covered in the report?
4. What is the positive impact on demand for excavators in the forecast period?
5. What are the factors driving demand for asphalt paver in Saudi Arabia market?

FEATURED COMPANIES

  • Arabian Auto Agency
  • Dayim Equipment Rental
  • Kanoo Machinery
  • Kubota Corporation
  • Manitou
  • XCMG Group

Section 1 - Introduction
1.1 Market Snapshot
1.2 Executive Summary
Section 2 - Market Overview
  • Economic Scenario, Foreign Direct Investment

Section 3 - Market Landscape
Section 4 - Market Dynamics
  • Market Drivers, Restraints, Trends, Advantage Saudi Arabia, Key Economic Regions, Import/Export Trends, Supply Chain Analysis, COVID-19 Impact

Section 5 - Technological Development
  • Advent of New Technology

Section 6 - Competitive Landscape
  • Competitive Landscape Overview
  • Major Vendors (Caterpillar, Volvo Construction Equipment Middle East, Saudi Liebherr Company Ltd., Komatsu Ltd., XCMG Group, Hitachi Construction Machinery Middle East Corporation FZE, JCB Ltd., SANY Group, Kubota Corporation, Zoomlion Heavy Industry Science & Technology Co. Ltd.)
  • Other Prominent Vendors
  • Distributor Profiles

Section 7 - Quantitative Summary
  • Quantitative Summary

Section 8 - Report Summary
  • Key Insights
  • Abbreviations
  • List of Graphs
  • List of Tables

Section 9 - Report Scope & Definition
  • Research Methodology
  • Research Objective
  • Market Definition, Inclusion & Exclusion

LIST OF EXHIBITS
Graph-1 Construction Equipment Market In Saudi Arabia By Volume, 2019-2028 (Unit Sales)
Graph-2 Construction Equipment Market In Saudi Arabia By Type, 2021 (% Volume Share)
Graph-3 Saudi Arabia Construction Equipment Market By Volume, 2019-2028 (Unit Sales)
Graph-4 Saudi Arabia Construction Equipment Market By Value, 2019-2028 ($ MN)
Graph-5 Saudi Arabia Construction Equipment Market by End User, 2021 (%)
Graph-6 Saudi Arabia Construction Equipment Market by Type, 2019-2028 (Unit Sales)
Graph-7 Saudi Arabia GDP, 2015-2020 ($ BN)
Graph-8 Top Invested Sectors In Saudi Arabia, 2019 (% Share)
Graph-9 Foreign Direct Investment, Net Inflow, 2015-2019 ($ BN)
Graph-10 Saudi Arabia Construction Equipment Market by Type, 2019-2028 (Unit Sales)
Graph-11 Saudi Arabia Construction Equipment Market by Type Volume Share, 2021 (%)
Graph-12 Saudi Arabia Construction Equipment Market by End User, 2019- 2028 (Unit Sales)
Graph-13 Saudi Arabia Earthmoving Equipment Market, 2019–2028 (Unit Sales)
Graph-14 Saudi Arabia Earthmoving Equipment Market, 2019–2028 ($ MN)
Graph-15 Saudi Arabia Excavator Market, 2019–2028 (Unit Sales)
Graph-16 Saudi Arabia Excavator Equipment Market, 2019–2028 ($ MN)
Graph-17 Saudi Arabia Backhoe Loader Market, 2019–2028 (Unit Sales)
Graph-18 Saudi Arabia Backhoe Loader Equipment Market, 2019–2028 ($ MN)
Graph-19 Saudi Arabia Motor Grader Market, 2019–2028 (Unit Sales)
Graph-20 Saudi Arabia Motor Grader Market, 2019–2028 ($ MN)
Graph-21 Saudi Arabia Other Earthmoving Equipment Market, 2019–2028 (Unit Sales)
Graph-22 Saudi Arabia Other Earthmoving Equipment Market, 2019–2028 ($ MN)
Graph-23 Saudi Arabia Material Handling Equipment Market, 2019–2028 (Unit Sales)
Graph-24 Saudi Arabia Material Handling Equipment Market, 2019–2028 ($ MN)
Graph-25 Saudi Arabia Forklift and Telescopic Handler Market, 2019–2028 (Unit Sales)
Graph-26 Saudi Arabia Forklift and Telescopic Handler Market, 2019–2028 ($ MN)
Graph-27 Saudi Arabia Crane Market, 2019–2028 (Unit Sales)
Graph-28 Saudi Arabia Crane Market, 2019–2028 ($ MN)
Graph-29 Saudi Arabia Aerial Platforms Market, 2019–2028 (Unit Sales)
Graph-30 Saudi Arabia Aerial Platforms Market, 2019–2028 ($ MN)
Graph-31 Saudi Arabia Road Construction Equipment Market, 2019–2028 (Unit Sales)
Graph-32 Saudi Arabia Road Construction Equipment Market, 2019–2028 ($ MN)
Graph-33 Saudi Arabia Road Roller Market, 2019–2028 (Unit Sales)
Graph-34 Saudi Arabia Road Roller Market, 2019–2028 ($ MN)
Graph-35 Saudi Arabia Asphalt Paver Market, 2019–2028 (Unit Sales)
Graph-36 Saudi Arabia Asphalt Paver Market, 2019–2028 ($ MN)
Graph-37 Saudi Arabia Construction Equipment Market By Construction, 2019–2028 (Unit Sales)
Graph-38 Saudi Arabia Construction Equipment Market By Construction, 2019–2028 ($ MN)
Graph-39 Saudi Arabia Construction Equipment Market By Manufacturing, 2019–2028 (Unit Sales)
Graph-40 Saudi Arabia Construction Equipment Market By Manufacturing, 2019–2028 ($ MN)
Graph-41 Saudi Arabia Construction Equipment Market By Mining, 2019–2028 (Unit Sales)
Graph-42 Saudi Arabia Construction Equipment Market By Mining, 2019–2028 ($ MN)
Graph-43 Saudi Arabia Construction Equipment Market By Others, 2019–2028 (Unit Sales)
Graph-44 Saudi Arabia Construction Equipment Market By Others, 2019–2028 ($ MN)
Graph-45 Saudi Arabia Real Estate Price Index by Commercial Sector (YoY, %)
Graph-46 Import Value of Construction Equipment 2019 ($ MN)
Graph-47 Export Value of Construction Equipment 2019 ($ 000’s)
Graph-48 Caterpillar: Total Revenue, 2018-2020 ($ BN)
Graph-49 Caterpillar: Sales By Region (% Share)
Graph-50 Caterpillar: Total Revenue By Segment, 2020 (% Share)
Graph-51 Volvo: Construction Equipment Net Sales, 2016-2020 ($ BN)
Graph-52 Volvo: Share Of Net Sales By Market, 2020 (% Share)
Graph-53 Volvo: Share Of Net Sales By Segment, 2020 (% Share)
Graph-54 Liebherr: Total Revenue, 2018-2020 (% Share)
Graph-55 Liebherr: Turnover By Region (% Share)
Graph-56 Liebherr: Total Revenue By Product Segment, 2020 (% Share)
Graph-57 Komatsu: Consolidated Net Sales, 2018-2020 ($ BN)
Graph-58 Komatsu: Construction, Mining And Utility Equipment Business, Sales By Region, 2020 (% Share)
Graph-59 Komatsu: Breakdown Of Net Sales By Segment, 2020 (% Share)
Graph-60 Hitachi: Revenue, 2020-2021 ($ BN)
Graph-61 Kubota: Revenue, 2016-2020 ($ BN)
Graph-62 Kubota: Revenue By Segment, 2020 (% Share)
Graph-63 Kubota: Revenue By Region, 2020 (% Share)
Graph-64 Zoomlion: Revenue, 2017-2020 ($ BN)
LIST OF TABLES
Table-1 Investments In Saudi Arabia, 2018-2020
Table-2 Major Investing Countries, 2020
Table-3 Saudi Arabia Construction Equipment Market By Volume 2019-2028
Table-4 Saudi Arabia Construction Equipment By Type 2019-2018
Table-5 Saudi Arabia Earth Moving Equipment Market Size & Forecast, By Type (Volume, Units)
Table-6 Saudi Arabia Road Construction Equipment Market Size & Forecast, By Type
(Volume, Units)
Table-7 Saudi Arabia Material Handling Equipment Market Size & Forecast, By Type
(Volume, Units)
Table-8 Saudi Arabia Construction Equipment Market Size & Forecast, By End User (Units)
Table-9 Saudi Arabia Construction Equipment Market By Value 2019-2028
Table-10 Saudi Arabia Construction Equipment By Type 2019-2018
Table-11 Saudi Arabia Earth Moving Equipment Market Size & Forecast, By Type (Value, $ MN)
Table-12 Saudi Arabia Road Construction Equipment Market Size & Forecast, By Type
(Value, $ MN)
Table-13 Saudi Arabia Material Handling Equipment Market Size & Forecast, By Type
(Value, $ MN)
Table-14 Saudi Arabia Construction Equipment Market Size & Forecast, By End User
  • Caterpillar
  • Volvo Construction Equipment
  • Liebherr
  • Komatsu
  • XCMG Group
  • Hitachi Construction Machinery Middle East Corporation FZE (HMEC)
  • JCB Ltd
  • SANY
  • Kubota Corporation
  • Zoomlion Heavy Industry Science & Technology Co. Ltd.
  • Yanmar
  • Manitou
  • Kobelco Construction Machinery
  • Kanoo Machinery
  • Al-Futtaim Auto & Machinery Company
  • Arabian Truck & Construction Equipment Co.
  • Arabian Auto Agency
  • Dayim Equipment Rental
  • Al-Qahtani Vehicle & Machinery Company

Our research comprises a mix of primary and secondary research. The secondary research sources that are typically referred to include, but are not limited to, company websites, annual reports, financial reports, company pipeline charts, broker reports, investor presentations and SEC filings, journals and conferences, internal proprietary databases, news articles, press releases, and webcasts specific to the companies operating in any given market.

Primary research involves email interactions with the industry participants across major geographies. The participants who typically take part in such a process include, but are not limited to, CEOs, VPs, business development managers, market intelligence managers, and national sales managers. We primarily rely on internal research work and internal databases that we have populated over the years. We cross-verify our secondary research findings with the primary respondents participating in the study.



 

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