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NEOM, Net-Zero, and Urban Expansion Power Saudi Arabia’s $52K Construction Equipment Upsurge

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The Saudi Arabia construction equipment market is entering a high-growth phase, driven by the country’s pivot toward green infrastructure, urban development, and energy transformation. According to Arizton’s latest research, the market is expected to grow at a CAGR of 5.92% from 2024 to 2030, with total sales of construction equipment reaching 52.62 thousand units by 2030, up from 37.27 thousand in 2024.

This growth aligns with Saudi Arabia’s Vision 2030 goals, fueling demand across rental, heavy-duty, and sustainable equipment sectors, while inviting global OEMs and investors to capitalize on a rapidly diversifying economy.

Access the full market intelligence and data-driven insights here: https://www.arizton.com/market-reports/saudi-arabia-construction-equipment-market

Saudi Arabia Leads the Green Hydrogen Transition

With a national goal of achieving net-zero emissions by 2060, Saudi Arabia is becoming a regional leader in green hydrogen production. Through initiatives like NEOM’s hydrogen program, investments are being funneled into hydrogen-fueled industrial engines, a move expected to significantly impact demand across the Saudi Arabia heavy machinery components market and construction equipment suppliers in Saudi Arabia.


Waste-to-Energy Projects Drive Equipment Demand

Aligned with Vision 2030’s focus on sustainability, the Saudi Investment Recycling Company (SIRC) is advancing large-scale waste-to-energy infrastructure. A key development occurred in May 2025, when SIRC signed an MoU with U.S.-based EIG Management Company to launch energy recovery and circular economy projects. These initiatives are boosting demand in the Saudi Arabia construction equipment rental market, particularly for wheeled loaders and specialized machinery from construction equipment dealers in Saudi Arabia.


Urban Housing Push Spurs Residential Equipment Needs

As part of its push to raise homeownership to 70% by 2030, Saudi Arabia is scaling residential developments through initiatives like Sakani and Wafi. This real estate expansion is accelerating demand for construction tools, material handling equipment, and earthmoving machinery, further solidifying growth in the KSA urban construction market.


Market Highlights – Saudi Arabia Construction Equipment

  1. Earthmoving equipment led the market in 2024, driven by public infrastructure upgrades.
  2. Material handling demand is surging with port expansions and logistics hubs.
  3. In March 2025, Mawani & DP World launched an $800M expansion at Jeddah Islamic Port.
  4. Road construction equipment is growing at a CAGR of 5.46%, supported by major transit upgrades.
  5. Over 3,800 construction licenses were issued in 2024, driven by giga-projects like NEOM and the Red Sea Project.


Competitive Landscape: Technology Shapes the Future

Top global players such as Caterpillar, Komatsu, Volvo CE, XCMG, and SANY continue to dominate the Saudi equipment market with expansive product portfolios. Emerging brands like JCB, Zoomlion, and HD Hyundai Construction Equipment are gaining traction through innovation and localization. Meanwhile, niche players such as Wacker Neuson are under pressure due to limited tech integration and product diversification.


Read the Full Saudi Arabia Construction Equipment Market Report: https://www.arizton.com/market-reports/saudi-arabia-construction-equipment-market


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