Saudi Arabia crane market is
expected to grow at a significant rate during the forecast period owing to huge
rise in the construction activities in the region which is expected to
influence the Saudi Arabia crane market during the next five years. Rising
disposable income among middle class families due to availability of job
opportunities is aiding in the surge of the customer satisfaction which is
expected to fuel the Saudi Arabia crane market. Crane Market is expected to rise
after a stagnant growth over the last few year. Initiatives taken by the
government as lucrative schemes for urban development is expected to benefit
infrastructure sector. Population is expected to rise which will create the
demand for infrastructure
and boost the crane market. To accommodate and fulfil the shortage of houses
for people of Saudi Arabia, government is indulging in development of residential and office spaces. Riyadh
Metro, and Diriyah, Qiddiya, Amaala and development of luxurious Red Sea
Project are considered are some of the most prominent milestones for the development and
growth of the Saudi Arabia crane market. Large
number of jobs are created by government of Saudi Arabia and schemes such as
Vision 2030 which aims to focus on developing sectors other than oil industry
thereby creative lucrative opportunities for the growth of the Saudi Arabia
crane market.
Saudi Arabia Crane Market can be
segregated based on type of crane, end user, application, company, and region.
Based on type of crane, Saudi Arabia crane market is categorised into mobile
crane, fixed crane, marine and offshore crane. Mobile crane is playing major
role in 2021 and is expected to maintain its dominance till 2027. Preference of
mobile cranes over its counterparts is due to mobile cranes flexibility to
travel on highways without assistance of any special equipment. Also, mobile
cranes boast of faster on-site setup on site thereby aiding in transportation
and ease of operation and increasing the demand for crane market in the Saudi
Arabia region.
The major players operating in the
Saudi Arabia crane market are GH
Cranes Arabia FZCO, Caterpillar Inc, Hitachi Construction Machinery Limited,
Tadano Limited, Liebherr Group, Kobe Steel, Ltd, HUTA Group, ACT Crane &
Heavy Equipment, Grove Worldwide LLC, RCF Co. Riyadh Cranes Co and others. Major
companies are developing advanced technologies to stay competitive in the
market. Other competitive strategies include mergers & acquisitions.
Objective of the Study:
- To
analyze and forecast the market size of Saudi Arabia crane market.
- To
classify and forecast Saudi Arabia crane market based on type of crane,
end user, application, region, and country.
- To
identify drivers and challenges for Saudi Arabia crane market.
- To
examine competitive developments such as expansions, new product launches,
mergers & acquisitions, etc., in Saudi Arabia crane market.
- To
identify and analyze the profile of leading players operating in the Saudi
Arabia crane market
- To identify key sustainable strategies
adopted by market players in Saudi Arabia crane market.
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TechSci Research performed both
primary as well as exhaustive secondary research for this study. Initially,
TechSci Research sourced a list of manufacturers across the globe.
Subsequently, TechSci Research conducted primary research surveys with the identified
companies. While interviewing, the respondents were also enquired about their
competitors. Through this technique, TechSci Research could include the
manufacturers which could not be identified due to the limitations of secondary
research. TechSci Research analysed the manufacturers, distribution channels
and presence of all major players across the globe.
TechSci Research calculated the market
size of Saudi Arabia crane market using a bottom-up approach, wherein
data for various end-user segments was recorded and forecast for the future
years. TechSci Research sourced these values from the industry experts and
company representatives and externally validated through analysing historical
data of these product types and applications for getting an appropriate,
overall market size. Various secondary sources such as company websites, news
articles, press releases, company annual reports, investor presentations and
financial reports were also studied by TechSci Research.
Key Target Audience:
- Crane manufacturers/
suppliers/ distributors
- Market research and
consulting firms
- Government bodies such as
regulating authorities and policy makers.
- Organizations, forums, and
alliances related to crane.
The study is useful in providing answers
to several critical questions that are important for the industry stakeholders
such as manufacturers, suppliers and partners, end users, etc., besides
allowing them in strategizing investments and capitalizing on market
opportunities.
|
Attribute
|
Details
|
|
Base Year
|
2021
|
|
Historical Data
|
2017 – 2020
|
|
Estimated Year
|
2022
|
|
Forecast Period
|
2023 – 2027
|
|
Quantitative Units
|
Revenue in USD Million and CAGR for 2017-2021 and 2022-2027
|
|
Report coverage
|
Revenue forecast, company share, competitive landscape, growth
factors, and trends
|
|
Segments covered
|
·
Crane
·
End User
·
Application
|
|
Regional scope
|
Western Region, Northern and Central Region, Eastern Region,
Southern Region
|
|
Key companies profiled
|
GH Cranes Arabia FZCO, Caterpillar Inc, Hitachi Construction
Machinery Limited, Tadano Limited, Liebherr Group, Kobe Steel, Ltd, HUTA
Group, ACT Crane & Heavy Equipment, Grove Worldwide LLC, RCF Co. Riyadh
Cranes Co.
|
|
Customization scope
|
10% free report customization with purchase. Addition or
alteration to country, regional & segment scope.
|
|
Pricing and purchase options
|
Avail customized purchase options to meet your exact research
needs. Explore purchase
options
|
|
Delivery Format
|
PDF and Excel through Email
(We can also provide the editable version of the report in PPT/Word format on
special request)
|
Report Scope:
In this report, Saudi Arabia crane market
has been segmented into following categories, in addition to the industry
trends which have also been detailed below:
·
Market, By Type of Crane:
o
Mobile
Crane
o
Fixed
Crane
o
Marine
and Offshore Crane
·
Market, By End User:
o Construction
o Industrial Applications
o Energy & Power
o Marine and Offshore
o Mining and Excavation
·
Market, By Application:
o Material Handling
o Excavation & Demolition
o Recycling & Waste
Management
o Tunnelling
o Others
·
Market, By Region:
o Western
o Eastern
o Central
o Rest of Saudi Arabia
Competitive
Landscape
Company Profiles: Detailed analysis of the
major companies present in Saudi Arabia crane 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).