Saudi Arabia Construction Equipment Market to Grow at 4.2% Annually Through 2027 - ResearchAndMarkets.com
DUBLIN--(BUSINESS WIRE)--Sep 28, 2022--
The "Saudi Arabia Construction Equipment Market Outlook - Size, Share, Growth, Trends, Forecast, Revenue, Industry, Outlook & Covid-19 Impact: Market Forecast By Types, by Applications, by Regions and Competitive Landscape" report has been added to ResearchAndMarkets.com's offering.
Saudi Arabia Construction Equipment Market is expected to generate proliferation during the upcoming years owing to increasing projects by the government in order to develop the infrastructure of the country. The government of the country is planning to expand the housing sector which will further flourish Saudi Arabia Construction Market Growth. Moreover, the strengthening of the tourism sector coupled with the rising number of residential buildings is driving the development of the market. Rising penetration towards speeding up of construction activities by the companies is driving the Saudi Arabia Construction Equipment market share.
Saudi Arabia Construction Equipment Market Synopsis
Saudi Arabia Construction Equipment Market report is a part of the Middle East Construction Equipment Market report thoroughly covers the market by types, applications, and regions. Saudi Arabia Construction Equipment Market report provides an unbiased and detailed analysis of the ongoing market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.
The construction equipment market in Saudi Arabia declined over the past few years on account of reduced government expenditure due to low crude oil prices, which resulted in the cancellation of many large-scale construction projects, thereby affecting the demand for construction equipment negatively. However, the rising government infrastructure spending underpinned by initiatives such as Saudi Vision 2030 and National Transformation Program coupled with rising FDI, and private sector investment would drive the construction equipment market in the Kingdom. The spread of the COVID-19 pandemic has resulted in a slowdown of the overall economy leading to a temporary halt in many construction projects across the region, thereby impacting the construction equipment market in Saudi Arabia, which is expected to regain momentum in the year 2021.
According to the publisher, Saudi Arabia Construction Equipment Market size is projected to grow at a CAGR of 4.2% in terms of revenues during 2021-2027. Growing economic growth coupled with increasing investment in the development of the construction sector is accelerating the Saudi Arabia Construction Equipment Market Growth. The rising shift toward smart cities along with the partnership of private firms with government authorities is driving the development of the industry.
Market Scope and Segmentation
The report provides a detailed analysis of the following market segments:
By Types
- Mobile Crane
- Bulldozer and Construction Tractor
- Earthmoving Equipment
- Loader
- Excavator
- Motor Grader
- Material Handling Equipment
- Telescopic Handler
- Forklift
- Dump Truck
- Aerial Work Platform
- Articulated Boom lift
- Telescopic Boom lift
- Scissor Lift
- Road Construction Equipment
- Paver
- Road Roller
By Applications
- Oil & Gas
- Construction
- Mining
- Others (Municipality, Road Construction, etc.)
By Regions
- Eastern Region
- Western Region
- Central Region
- Southern Region
Key Topics Covered:
1. Executive Summary
2. Introduction
3. Middle East Construction Equipment Market Overview
4. Saudi Arabia Construction Equipment Market Overview
5. Saudi Arabia Construction Equipment Market Covid-19 Impact Analysis
6. Saudi Arabia PESTEL Analysis
7. Saudi Arabia Construction Equipment Market Dynamics
8. Saudi Arabia Construction Equipment Market Trends
9. Saudi Arabia Construction Equipment Market Overview, By Types
10. Saudi Arabia Construction Equipment Market Overview, By Applications
11. Saudi Arabia Construction Equipment Market Overview, By Regions
12. Saudi Arabia Construction Equipment Market Major Projects
13. Saudi Arabia Construction Equipment Market Key Performance Indicators
14. Saudi Arabia Construction Equipment Market Opportunity Assessment
15. Saudi Arabia Construction Equipment Market Competitive Landscape
16. Company Profiles
17. Key Strategic Recommendations
18. Disclaimer
Companies Mentioned
- Caterpillar Inc.
- Komatsu Middle East FZE [KME]
- Hitachi Construction Machinery Middle East Corporation FZE
- Hyundai Construction Equipment Co., Ltd
- Volvo Construction Equipment
- J C Bamford Excavator Limited
- Doosan Infracore Co., Ltd.
- Xuzhou Construction Machinery Group Co., Ltd.
- Tadano Ltd.
- Dynapac MEA FZE
For more information about this report visit https://www.researchandmarkets.com/r/e8rcy0
View source version on businesswire.com:https://www.businesswire.com/news/home/20220928005828/en/
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KEYWORD: MIDDLE EAST SAUDI ARABIA
INDUSTRY KEYWORD: CONSTRUCTION & PROPERTY OTHER CONSTRUCTION & PROPERTY
SOURCE: Research and Markets
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