Saudi Arabia Construction Equipment Market By Segment (Earth Moving, Material Handling, Concrete Mixing, Road Construction and Others), By Product Type (Backhoe Loaders, Excavators, Cranes, Transit Mixer, Forklifts, Batching Plants, Concrete Pump, Wheel Loader, Road Roller Machine, Compaction Equipment, Compressors, Motor Graders, Rigid Dump Trucks, Others), By End-User (Oil & Gas, Construction, Infrastructure, Manufacturing, Others), By Region, Competition Forecast & Opportunities, 2027

Saudi Arabia Construction Equipment market is anticipated to grow at a rate of an impressive CAGR in the forecast period, 2023-2027. Ongoing construction activities and favorable government policies promoting construction activities in the country are the key driving factors for the Saudi Arabia Construction Equipment market.

Supportive Government Policies Boosts the Market Growth

Saudi Vision 2030, an ambitious project of the Saudi government, aims to reinforce economic and investment activities to improve the image and growth of Saudi Arabia. Rise in the non-oil international trade and the development of public sectors including education, healthcare, tourism, recreation, and infrastructure. The infrastructure development introduced a number of construction projects, which escalated the demand for new and used heavy Construction Equipment in the country. The presence of large-scale, multi-purpose, and complex construction projects aiming to transform the broader economy contribute to the surge of Construction Equipment demand. Projects like the Red Sea Project, NEOM, and Qiddiya, which are significant projects playing a crucial role in achieving Saudi Vision 2030, are fostering the demand of the Saudi Arabia Construction Equipment market. These projects are constructed with an aim to boost tourism activities and enhance and improve the lives of the people by providing quality services and propelling the economic growth of the country.

Development Of Online Sales Channel Supports Market Demand

A large proportion of Saudi-based Construction Equipment sellers rely on online auctions to fulfill the growing demand for fleet management and assets deposition. Using online sales channels provides a significant advantage over traditional sales channels because it reaches a broader audience, accelerating the sales of Construction Equipment. Some of the Construction Equipment is required seasonally. When the seasonal oversupply of equipment happens in Saudi Arabia, the market players can sell their products through online auctions to countries with a lack of supply and high seasonal demand, which balances the income of the market players involved in the construction industry. Online auction promotes Construction Equipment to potential international buyers and boosts Construction Equipment's reach across the globe. To fulfill the growing demand and make quick deliveries of Construction Equipment to customers by the market players is expected to fuel the growth of the Saudi Arabia Construction Equipment market.

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Market Segmentation

The Saudi Arabia Construction Equipment market is segmented on the basis of segment, product type, application, regional distribution, and company. Based on the segment, the market is divided into earth moving, material handling, concrete mixing, road construction and others. Based on the product type, the market is divided into backhoe loaders, excavators, cranes, transit mixer, forklifts, batching plants, concrete pump, wheel loader, road roller machine, compaction equipment, compressors, motor graders, rigid dump trucks and others. Based on the end-user, the market is divided into oil & gas, construction, infrastructure, manufacturing, and others. To analyze the market based on the region, the Saudi Arabia Construction Equipment market is studied in major regions namely North & Central region, Southern region, Western region, and Eastern region.

Market Players

Komatsu Limited, Volvo Construction Equipment Corporation, Catepillar Inc., Hitachi Construction Machinery Co. Ltd., Manitowoc Company Inc., Sumitomo Corporation, CNH Industrial NV, Doosan Intracore Construction Equipment, Kobelco Construction Machinery Co. Ltd, XCMG Group, are among the major market players in the Saudi Arabia platform that lead the market growth of the Saudi Arabia Construction Equipment market.

Report Scope:

In this report, Saudi Arabia Construction Equipment market has been segmented into following categories, in addition to the industry trends which have also been detailed below:

• Saudi Arabia Construction Equipment Market, By Segment:
• Earth Moving
• Material Handling
• Concrete Mixing
• Road Construction
• Others
• Saudi Arabia Construction Equipment Market, By Product Type:
• Backhoe Loaders
• Excavators
• Cranes
• Transit Mixer
• Forklifts
• Batching Plants
• Concrete Pump
• Wheel Loader
• Road Roller Machine
• Compaction Equipment
• Compressors
• Motor Graders
• Rigid Dump Trucks
• Others
• Saudi Arabia Construction Equipment Market, By End-User:
• Oil & Gas
• Construction
• Infrastructure
• Manufacturing
• Others
• Saudi Arabia Construction Equipment Market, By Region:
• Northern & Central
• Southern
• Eastern
• Western

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in Saudi Arabia Construction Equipment market.

Available Customizations:

With the given market data, TechSci Research offers customizations according to a company’s specific needs. The following customization options are available for the report:

Company Information

• Detailed analysis and profiling of additional market players (up to five).

Saudi Arabia Construction Equipment Market is an upcoming report to be released soon. If you wish an early delivery of this report or want to confirm the date of release, please contact us at [email protected]