SAUDI ARABIA CONSTRUCTION EQUIPMENT MARKET SALES ARE EXPECTED TO REACH 47 THOUSAND UNITS BY 2028, GROWING AT A CAGR OF 5.85% DURING THE FORECAST PERIOD 2022-2028

Saudi Arabia Construction Equipment Market Research Report includes segments by Type (Earth Moving Equipment - Excavator, Backhoe Loaders, Motor Graders, and Other Earth Moving Equipment), Road Construction Equipment (Asphalt Pavers and Road Rollers), Material Handling Equipment (Cranes, Forklift & Telescopic Handlers, Aerial), Platforms (Aerial Platforms - Articulated Boom Lifts, Telescopic Boom Lifts, Scissor Lifts, etc) and Application (Construction, Manufacturing, Mining, and Others).

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109 Pages

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14 Tables

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1 Regions

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19 Companies

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2 Market Segment

SAUDI ARABIA CONSTRUCTION EQUIPMENT MARKET SCOPE

Report Attribute Details
MARKET SIZE (REVENUE) USD 1889.5 Million (2028)
MARKET SIZE (VOLUME) 47,278 Unit Sales (2028)
CAGR (VOLUME) 5.85% (2022-2028)
HISTORIC YEAR 2019-2020
BASE YEAR 2021
FORECAST YEAR 2022-2028
TYPE Earth Moving Equipment (Excavator, Backhoe Loaders, Motor Grader, and Other Earth Moving Equipment), Road Construction Equipment (Asphalt Paver and Road Roller), and Material Handling Equipment (Crane, Forklift and Telescopic Handler, Aerial Platforms (Articulated Boom Lifts, Telescopic Boom Lifts, Scissor Lifts, etc))
APPLICATION Construction, Manufacturing, Mining, and Others
KEY VENDORS Caterpillar, Volvo Construction Equipment Middle East, Saudi Liebherr Company Ltd., Komatsu Ltd, XCMG Group, Hitachi Construction Machinery Middle East Corporation FZE (HMEC), JCB Ltd, SANY Group, Kubota Corporation, Zoomlion Heavy Industry Science & Technology Co. Ltd.

SAUDI ARABIA CONSTRUCTION EQUIPMENT MARKET INSIGHTS

  • Saudi Arabia Construction Equipment market sales was valued at 31,936 units in 2021 and are expected to reach 47,278 units by 2028, growing at a CAGR of 6.76% during the forecast period.
  • The Saudi Arabia construction equipment market is expected to grow significantly during the forecast period, due to the 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.
  • Earthmoving equipment accounted for the largest market share in 2021 with approximately 48.9%. In 2021, the excavator had the largest market share of approximately 72.2% in the earthmoving segment.

Saudi Arabia Construction Equipment Market By Volume

 

SAUDI ARABIA CONSTRUCTION EQUIPMENT MARKET SEGMENTS

  • 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.
  • Urban engineering projects and building renovations require compact and multi-functional construction equipment suitable for small-scale construction projects. The increasing urban engineering projects will fuel the demand for backhoe loaders in Saudi Arabia.

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's 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.
  • During the forecast period, demand for precast concrete is expected to increase. The possibility for temporary products that may be disassembled and transferred to multiple locations is likely to be identified by precast developers. While precast concrete is already being used to help Saudi Arabia reach its government's goal of building 500,000 new dwellings.
  • In September 2021, the Saudi Arabia government announced that manufacturers/importers should ensure financial sustainability in the waste management sector. Usage of construction equipment such as loaders and excavators is observed to be increasing in the waste management industry, eventually driving the construction equipment market

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.
  • The construction companies also seek to support the government’s commitment to supply 1.5 million homes as part of Vision 2030. However, the collaboration between Al Ramz and Watheeq Proptech VC is likely to support the development of affordable, sustainable, and quality, quick-to-market residential housing in Saudi Arabia using various smart technologies applicable to the construction, thereby gaining traction among end-users in the market.

TARGET AUDIENCE

  • Top-level management personnel of existing operators/vendors
  • Potential new entrants to the market
  • Consultants/consultancies/advisory firms
  • Professional landscaping service providers/contractors
  • Corporate and governments bodies

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.

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, and 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.

Frequently Asked Questions

What is the size of Saudi Arabia construction equipment market?

Saudi Arabia construction equipment market size will be valued at USD 1,889.5 million and to reach a volume of 47,278 units by 2028.

Who are the key market players in the Saudi construction equipment industry?

The key players in Caterpillar, Volvo Construction Equipment Middle East, Saudi Liebherr Company Ltd., Komatsu Ltd, XCMG Group, Hitachi Construction Machinery Middle East Corporation FZE (HMEC), JCB Ltd, SANY Group, Kubota Corporation, Zoomlion Heavy Industry Science & Technology Co. Ltd.

What are the different types of construction equipment covered in the report?

The different types of construction equipment covered in the report are Earth Moving Equipment (Excavator, Backhoe Loaders, Motor Graders, and Other Earth Moving Equipment), Road Construction Equipment (Asphalt Paver and Road Rollers), and Material Handling Equipment (Crane, Forklift and Telescopic Handlers, Aerial Platforms (Articulated Boom Lifts, Telescopic Boom Lifts, Scissor Lifts, etc.)

What is the positive impact on demand for excavators in the forecast period?

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. Thus, such growth in the manufacturing sector will have a positive impact on the demand for construction equipment in Saudi Arabia.

What are the factors driving demand for asphalt paver in Saudi Arabia market?

Increased Road traffic will require the continued construction and improvement of roads in both urban and rural areas and will likely drive the demand for asphalt paver in the Saudi Arabia market.

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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 6.47%, due to increased use of excavators in affordable housing projects and growing popularity of modular construction technology. 

Base Year: 2021

Forecast Year: 2022-2028

Scope: The report considers the present scenario of the Saudi Arabia construction equipment market and market dynamics for the forecast period 2022−2028. It covers a detailed overview of several growth enablers, restraints, and trends in the market. The study includes the volume and value sales with a segment analysis of the Saudi Arabia construction equipment market.

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

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

Section 1 – Introduction

1.1 Market Snapshot

1.2 Executive Summary

Section 2 – Market Overview

  • Economic Scenario, Foreign Direct Investment

Section 3 – Market Landscape

5.1 Saudi Arabia Construction Equipment Market by Type (Volume & Value)

5.1.1 Earthmoving Equipment

5.1.1.1 Excavator

5.1.1.2 Backhoe Loader

5.1.1.3 Motor Grader

5.1.1.4 Other Earthmoving Equipment (Other Loaders, Bulldozer, Trencher, etc.)

5.1.2 Material Handling Equipment

5.1.2.1 Forklift and Telescopic Handler

5.1.2.2 Crane

5.1.2.3 Aerial Platform (Articulated Boom lifts, Telescopic Boom lifts, Scissor Lifts, etc)

5.1.3 Road Construction Equipment

5.1.3.1 Road Roller

5.1.3.2 Asphalt Paver

5.2 Saudi Arabia Construction Equipment Market by End User (Volume & Value)

5.2.1 Construction

5.2.2 Manufacturing

5.2.3 Mining

5.2.4 Others (Power Generation, Utilities Municipal Corporations, Oil & Gas, Cargo Handling, Power Generation Plants, Waste Management, etc.)

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

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