Market Forecast By Product Type (Angledozers And Bulldozers, Shovels And Excavators, Front End Shovel Loaders, Self-propelled Graders And Levellers, Self-propelled Tamping Machines And Road Rollers, Self-propelled Scrapers, Others) And Competitive Landscape
Product Code: ETC430295 | Publication Date: Nov 2022 | Product Type: Market Research Report | |
Publisher: 6Wresearch | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
Saudi Arabia self-propelled earth moving & road making equipment market is expected to grow. The country's rapid urbanization is a key driver for the market growth. This led to increased demand for earth moving and road making equipment in Saudi Arabia. The growing population and strong construction sector will also drive-up demand.
According to 6Wresearch, the Saudi Arabia Self-Propelled Earth Moving & Road Making Equipment Market size is expected to grow during 2022-2028. Self-propelled earth moving & road making equipment includes construction equipment such as bulldozers, loaders, excavators, and motor graders. The self-propelled earth moving & road making equipment market in Saudi Arabia is expected to grow. Construction and mining are the two major applications of self-propelled earth moving & road making equipment in Saudi Arabia. Factors such as growing population, rapid urbanization, and infrastructural development are anticipated to drive the demand for self-propelled earth moving & road making equipment in Saudi Arabia over the forecast period. Moreover, the government initiatives such as Vision 2030 and National Transformation Program 2020 are expected to create numerous opportunities for the growth of self-propelled earth moving & road making equipment market in Saudi Arabia during the forecast period.
The construction segment accounts for a significant share in the Saudi Arabia self-propelled earth moving & road making equipment market. The country is undergoing rapid economic growth across industries due to government initiatives such as Saudi Vision 2030 and the National Transformation Program 2020. A large part of this investment is expected to be dedicated towards construction activities in the country's healthcare sector which will lead to an increase in demand for self-propelled earth moving & road making equipment.
There are several drivers and restraints impacting the Saudi Arabia self-propelled earth moving & road making equipment market. Some of the key drivers includes the increasing construction activities in the country, especially in the residential and non-residential sectors and the rising government investment in infrastructure development projects. Some of the key restraints include the slow economic activities due to the pandemic and the unstable global scenario with major nations experiencing a recession, which reduced investment in the market significantly.
The construction industry in Saudi Arabia is growing at a rapid pace, owing to the government's initiatives to boost infrastructural development in the country. This, in turn, is driving the Saudi Arabia self-propelled earth moving & road making equipment growth.
The Saudi Arabia self-propelled earth moving & Road making equipment market can also be segregated on the basis of end use sector as construction, mining, and others. The construction sector is anticipated to grow at the highest CAGR over the forecast period owing to increase in government spending on development of road infrastructure and buildings. The mining sector is also expected to grow at a significant pace over the next seven years on account of growing demand for minerals and metals such as gold, copper, and aluminum.
The market has been classified on the basis of product type into excavators, loaders, and dozers. Out of these, excavators are anticipated to witness the highest growth during the forecast period. This can be attributed to the increasing construction activities in Saudi Arabia, which are resulting in rising demand for excavators for digging and trenching purposes.
The pandemic has hampered the Global Self-Propelled Earth Moving & Road Making Equipment Market owing to the destabilization due to the lockdown and affected the sentiments towards the Saudi Arabia Self-Propelled Earth Moving & Road Making Equipment Market revenue. Investment in the sector decreased to a great extent as the equipment was frozen in the supply lines across the globe owing to the pandemic.
The Saudi Arabia self-propelled earth moving & road making equipment market share is highly competitive with a large number of international and domestic players. The major international players operating in the market include:
The competition in the market is mainly due to the presence of a large number of manufacturers catering to the needs of construction companies operating in the country. The manufacturers are offering a wide range of products with various features and specifications to cater to the varying requirements of the customers. The prices of the products offered by different manufacturers vary depending on their brand value, product quality, after-sales service, etc.
The report offers a comprehensive study of the subsequent market segments:
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 Self-Propelled Earth Moving & Road Making Equipment Market Overview |
3.1 Saudi Arabia Country Macro Economic Indicators |
3.2 Saudi Arabia Self-Propelled Earth Moving & Road Making Equipment Market Revenues & Volume, 2021 & 2028F |
3.3 Saudi Arabia Self-Propelled Earth Moving & Road Making Equipment Market - Industry Life Cycle |
3.4 Saudi Arabia Self-Propelled Earth Moving & Road Making Equipment Market - Porter's Five Forces |
3.5 Saudi Arabia Self-Propelled Earth Moving & Road Making Equipment Market Revenues & Volume Share, By Product Type, 2021 & 2028F |
4 Saudi Arabia Self-Propelled Earth Moving & Road Making Equipment Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Saudi Arabia Self-Propelled Earth Moving & Road Making Equipment Market Trends |
6 Saudi Arabia Self-Propelled Earth Moving & Road Making Equipment Market, By Types |
6.1 Saudi Arabia Self-Propelled Earth Moving & Road Making Equipment Market, By Product Type |
6.1.1 Overview and Analysis |
6.1.2 Saudi Arabia Self-Propelled Earth Moving & Road Making Equipment Market Revenues & Volume, By Product Type, 2018 - 2028F |
6.1.3 Saudi Arabia Self-Propelled Earth Moving & Road Making Equipment Market Revenues & Volume, By Angledozers And Bulldozers, 2018 - 2028F |
6.1.4 Saudi Arabia Self-Propelled Earth Moving & Road Making Equipment Market Revenues & Volume, By Shovels And Excavators, 2018 - 2028F |
6.1.5 Saudi Arabia Self-Propelled Earth Moving & Road Making Equipment Market Revenues & Volume, By Front End Shovel Loaders, 2018 - 2028F |
6.1.6 Saudi Arabia Self-Propelled Earth Moving & Road Making Equipment Market Revenues & Volume, By Self-propelled Graders And Levellers, 2018 - 2028F |
6.1.7 Saudi Arabia Self-Propelled Earth Moving & Road Making Equipment Market Revenues & Volume, By Self-propelled Tamping Machines And Road Rollers, 2018 - 2028F |
6.1.8 Saudi Arabia Self-Propelled Earth Moving & Road Making Equipment Market Revenues & Volume, By Self-propelled Scrapers, 2018 - 2028F |
7 Saudi Arabia Self-Propelled Earth Moving & Road Making Equipment Market Import-Export Trade Statistics |
7.1 Saudi Arabia Self-Propelled Earth Moving & Road Making Equipment Market Export to Major Countries |
7.2 Saudi Arabia Self-Propelled Earth Moving & Road Making Equipment Market Imports from Major Countries |
8 Saudi Arabia Self-Propelled Earth Moving & Road Making Equipment Market Key Performance Indicators |
9 Saudi Arabia Self-Propelled Earth Moving & Road Making Equipment Market - Opportunity Assessment |
9.1 Saudi Arabia Self-Propelled Earth Moving & Road Making Equipment Market Opportunity Assessment, By Product Type, 2021 & 2028F |
10 Saudi Arabia Self-Propelled Earth Moving & Road Making Equipment Market - Competitive Landscape |
10.1 Saudi Arabia Self-Propelled Earth Moving & Road Making Equipment Market Revenue Share, By Companies, 2021 |
10.2 Saudi Arabia Self-Propelled Earth Moving & Road Making Equipment Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |