Saudi Arabia Shovels and Spades Market (2022-2028) | Size, Industry, Outlook, Share, Growth, Revenue, Forecast, Analysis, Trends, Value, Segmentation & COVID-19 IMPACT

Saudi Arabia Shovels and Spades Market Synopsis

Saudi Arabia shovels and spades market is forecast to grow during the forecast period. The market is driven by the growing construction industry in the country. The increasing government expenditure on infrastructure development is also aiding the market growth. The Saudi arabia shovels and spades market has a long history, dating back to the early days of the Kingdom. In the past, shovels and spades were used primarily for agricultural purposes, but today they are used for a variety of purposes, including construction, landscaping, and gardening.

According to 6Wresearch, the Saudi Arabia Shovels and Spades Market size is expected to grow during 2022-2028. The Saudi arabia shovels and spades market is currently undergoing a period of significant growth, due to the increasing demand for these products from both the domestic and commercial sectors. This growth is expected to continue in the coming years, as more Saudis become aware of the benefits of using shovels and spades. The country's construction industry is one of the key contributors to this growth and is further expected to grow. This is attributed to the government's initiatives under its Vision 2030 program, which aims to boost economic diversification away from oil dependency and increase employment opportunities. 

Some of the key projects under this program include NEOM, Amaala, Qiddiya, and The Red Sea Project, among others. These initiatives are expected to create numerous job opportunities in various sectors, including construction, thereby boosting demand for shovels and spades in the country.

There are different types of shovels and spades available in Saudi Arabia, which are used for various purposes. The most common type of shovel is the round-point shovel, which is used for digging holes or trenches. It has a curved blade that is sharpened at the end, and a D-grip handle.

The next type of shovel is the square-point shovel, which is used for breaking up hard surfaces like concrete or asphalt. It has a square blade with sharpened edges, and a D-grip handle.

The last type of shovel is the drain spade, which is used for clearing out drains or trenches. It has a long, thin blade that is sharply pointed at the end, and a T-handle.

Factors influencing the Saudi Arabia Shovels and Spades Market Growth

The Saudi Arabia Shovels and Spades Market is influenced by a number of factors. The government's policy on private sector development and the availability of finance are two of the most important factors.

The government's policy on private sector development has a big impact on the market. The Saudi Arabian government is encouraging the private sector to participate in the country's economic development. This is done through initiatives such as the Saudi Industrial Development Fund and the Saudi Industrial Investment Program. As a result, there is an increasing demand for shovels and spades in the market.

The availability of finance is another important factor that influences the market. The cost of borrowing money in Saudi Arabia is very high. This makes it difficult for companies to invest in new projects or expand their businesses. However, there are some government initiatives that are helping to reduce the cost of borrowing money. These include the Saudi Credit Guarantee Company and the Saudi Development Bank.

Market Analysis based on Application

Based on Application, Saudi Arabian market for shovels and spades is segmented into several applications. The most significant application segments include construction, mining, and gardening.

Construction: The construction sector is the largest consumer of shovels and spades in Saudi Arabia. A wide range of shovels and spades are used in construction activities such as excavation, trenching, backfilling, landscaping, etc. 

Mining: The mining industry is another major user of shovels and spades in Saudi Arabia. These tools are used for a variety of tasks such as digging trenches for mine shafts, excavating mineral deposits, etc.

Gardening: Gardening is a popular hobby in Saudi Arabia and many homeowners use shovels and spades for tasks such as planting trees and shrubs, digging holes for fences and posts, etc.

Impact of COVID-19 on the Saudi Arabia Shovels and Spades Market

The pandemic has significantly affected the Global Shovels and Spades Market capability for growth owing to the isolation situation created during the strict lockdown imposed all over the world. This affected the equipment manufacturing and transportation which in turn compounded the Saudi Arabia Shovels and Spades Market revenue.

Key Players operating in the Saudi Arabia Shovels and Spades Market

The Saudi Arabia shovels and spades market share is highly competitive with numerous international and domestic players. Some of the key players in the market include but are not limited to:

• ACE Hardware
• Black & Decker
• Craftsman
• Dewalt
• Kobalt
• Stanley

In terms of market share, ACE Hardware held the largest share followed by Black & Decker, Craftsman, Dewalt, Kobalt, and Stanley. The competition among these players is intense as they all vie for a larger share of the pie. In order to stay ahead of the competition, companies are constantly innovating and introducing new products to the market. For instance, Black & Decker recently launched a new line of electric shovels that are designed for easy use and require minimal effort on the part of the user.

While there is intense competition among the major players, smaller companies also play an important role in the Saudi Arabia shovels and spades market. These companies offer products at more affordable prices which makes them attractive to cost-conscious consumers. In addition, they also provide custom solutions that cater to specific customer needs.

Overall, the Saudi Arabia shovels and spades market is highly competitive with a large number of players offering a wide range of products. Companies are constantly innovating in order to gain an edge over their competitors.

Key Attractiveness of the Report

• COVID-19 Impact on the Market.
• 10 Years Market Numbers.
• Historical Data Starting from 2018 to 2021.
• Base Year: 2021.
• Forecast Data until 2028.
• Key Performance Indicators Impacting the Market.
• Major Upcoming Developments and Projects.

Key Highlights of the Report

• Saudi Arabia Shovels and Spades Market Outlook
• Market Size of Saudi Arabia Shovels and Spades Market, 2021
• Forecast of Saudi Arabia Shovels and Spades Market, 2028
• Historical Data and Forecast of Saudi Arabia Shovels and Spades Revenues & Volume for the Period 2018 - 2028
• Saudi Arabia Shovels and Spades Market Trend Evolution
• Saudi Arabia Shovels and Spades Market Drivers and Challenges
• Saudi Arabia Shovels and Spades Price Trends
• Saudi Arabia Shovels and Spades Porter's Five Forces
• Saudi Arabia Shovels and Spades Industry Life Cycle
• Historical Data and Forecast of Saudi Arabia Shovels and Spades Market Revenues & Volume By Type for the Period 2018 - 2028
• Historical Data and Forecast of Saudi Arabia Shovels and Spades Market Revenues & Volume By Steel for the Period 2018 - 2028
• Historical Data and Forecast of Saudi Arabia Shovels and Spades Market Revenues & Volume By Wood for the Period 2018 - 2028
• Historical Data and Forecast of Saudi Arabia Shovels and Spades Market Revenues & Volume By Application for the Period 2018 - 2028
• Historical Data and Forecast of Saudi Arabia Shovels and Spades Market Revenues & Volume By Household for the Period 2018 - 2028
• Historical Data and Forecast of Saudi Arabia Shovels and Spades Market Revenues & Volume By Commercial for the Period 2018 - 2028
• Historical Data and Forecast of Saudi Arabia Shovels and Spades Market Revenues & Volume By Public for the Period 2018 - 2028
• Saudi Arabia Shovels and Spades Import Export Trade Statistics
• Market Opportunity Assessment By Type
• Market Opportunity Assessment By Application
• Saudi Arabia Shovels and Spades Top Companies Market Share
• Saudi Arabia Shovels and Spades Competitive Benchmarking By Technical and Operational Parameters
• Saudi Arabia Shovels and Spades Company Profiles
• Saudi Arabia Shovels and Spades Key Strategic Recommendations

Market Covered

The report offers a comprehensive study of the subsequent market segments:

By Type 

• Steel
• Wood

By Application

• Household
• Commercial
• Public

Saudi Arabia Shovels And Spades Market: FAQs