Product Code: ETC034979 | Publication Date: Jul 2023 | Updated Date: Feb 2025 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 | |
Saudi Arabia Sawmill market currently, in 2023, has witnessed an HHI of 3946, Which has increased slightly as compared to the HHI of 1896 in 2017. The market is moving towards concentrated. Herfindahl index measures the competitiveness of exporting countries. The range lies from 0 to 10000, where a lower index number represents a larger number of players or exporting countries in the market while a large index number means fewer numbers of players or countries exporting in the market.
Saudi Arabia sawmill market is estimated to witness a noticeable growth during the forecast period of 2025-2031. This can be attributed to growing demand for wood products due to increasing construction activities in the country, as well as rising exports of timber and other wood products from Saudi Arabia. The Kingdom??s population is also projected to increase significantly over the forecast period, resulting in increased demand for lumber and other wood-based materials. Furthermore, government initiatives aimed at promoting sustainable forestry practices are expected to create further opportunities for sawmills operating in Saudi Arabia.
Growing Demand For Wood Products: Increasing construction activities across Saudi Arabia have been driving up demand for lumber and related products from sawmills operating within the country. Additionally, rising exports of timber and associated items have helped bolster activity levels within this sector. These factors are anticipated to boost revenue growth within this industry during the upcoming years. With its population currently estimated at 33 million people, it is predicted that Saudi Arabia will experience a significant rise in its populace size before 2031 ends - reaching almost 40 million people by then according to some estimates. This projected surge will lead to higher demands being placed upon sawmills operating within this region as more building supplies become necessary due meet these requirements accordingly on time without any delay or wastage.
High Cost Of Labor And Equipment Maintenance, given the active role played by human labor when carrying out work at most sawmills throughout Saudi Arabia, companies functioning here often face difficulties with regards hiring staff who possess adequate skillsets while still remaining cost effective options simultaneously; leading directly towards higher operational expenses which could potentially limit profit margins achieved after sales take place . Similarly, maintenance costs incurred when keeping machinery required usually come together with their own set of challenges that need addressing if firms want remain competitive against rivals present locally or abroad similarly focused on producing similar output quality wise.
The COVID-19 pandemic has affected various sectors across all economic fields globally and has had an adverse effect on many industries including sawmills across Saudi Arabia. Despite the slowdown effects of COVID-19, investments from foreign firms are likely to boost domestic production capacity as well as industry consolidation over the coming years.
Key players operating in Saudi Arabia Sawmill Market includes Taif Al Madina Woodworking Factory LLC., Al Qudra Holding Co., Makkah Timber & Plywood Factory Ltd., Middle East Factories Company (MECO), Western Wood Industries Co., Saudi Pan Gulf Group (SPG), Mabani Steel Group Ltd., Deemah Stone Lumber Jeddah Plant LLC, El Seif Engineering Contracting Company (SEC) among others.
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Saudi Arabia Sawmill Market Overview |
3.1 Saudi Arabia Country Macro Economic Indicators |
3.2 Saudi Arabia Sawmill Market Revenues & Volume, 2021 & 2031F |
3.3 Saudi Arabia Sawmill Market - Industry Life Cycle |
3.4 Saudi Arabia Sawmill Market - Porter's Five Forces |
3.5 Saudi Arabia Sawmill Market Revenues & Volume Share, By Product Type, 2021 & 2031F |
3.6 Saudi Arabia Sawmill Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 Saudi Arabia Sawmill Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Saudi Arabia Sawmill Market Trends |
6 Saudi Arabia Sawmill Market, By Types |
6.1 Saudi Arabia Sawmill Market, By Product Type |
6.1.1 Overview and Analysis |
6.1.2 Saudi Arabia Sawmill Market Revenues & Volume, By Product Type, 2021-2031F |
6.1.3 Saudi Arabia Sawmill Market Revenues & Volume, By Softwood Lumber, 2021-2031F |
6.1.4 Saudi Arabia Sawmill Market Revenues & Volume, By Hardwood Lumber, 2021-2031F |
6.2 Saudi Arabia Sawmill Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 Saudi Arabia Sawmill Market Revenues & Volume, By Construction, 2021-2031F |
6.2.3 Saudi Arabia Sawmill Market Revenues & Volume, By Furniture, 2021-2031F |
6.2.4 Saudi Arabia Sawmill Market Revenues & Volume, By Packaging and Joinery Industries, 2021-2031F |
6.2.5 Saudi Arabia Sawmill Market Revenues & Volume, By Others, 2021-2031F |
7 Saudi Arabia Sawmill Market Import-Export Trade Statistics |
7.1 Saudi Arabia Sawmill Market Export to Major Countries |
7.2 Saudi Arabia Sawmill Market Imports from Major Countries |
8 Saudi Arabia Sawmill Market Key Performance Indicators |
9 Saudi Arabia Sawmill Market - Opportunity Assessment |
9.1 Saudi Arabia Sawmill Market Opportunity Assessment, By Product Type, 2021 & 2031F |
9.2 Saudi Arabia Sawmill Market Opportunity Assessment, By Application, 2021 & 2031F |
10 Saudi Arabia Sawmill Market - Competitive Landscape |
10.1 Saudi Arabia Sawmill Market Revenue Share, By Companies, 2024 |
10.2 Saudi Arabia Sawmill Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |