Market Forecast By Types (Wheel Trencher, Chain Trencher & Others), By Applications (Oil & Gas, Agriculture, Telecommunications & Power Cables, Municipal and Others) and competitive Landscape
Product Code: ETC002128 | Publication Date: Jan 2023 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 69 | No. of Figures: 14 | No. of Tables: 7 |
The Saudi Arabia Trenchers Market is expected to witness stable growth over the forecast period driven by infrastructure development projects, rising construction activities and increasing tourism activities. In 2020, the COVID-19 pandemic led to halt in construction projects and ban on travelling across countries, results the limiting demand for catering services across various applications. Furthermore, restrictions of foreign pilgrims in Hajj and Umrah festivals also impacted the market. However, the market is expected to show robust growth on the back of large-scale development projects, increasing tourism and airline industry of the country, with $100 million worth of investments to launch a new airline service. Many factors in the country have been contributing to the evolvement of the industry.
According to 6Wresearch, Saudi Arabia Trenchers Market revenue size is anticipated to grow at a CAGR of 10.7% during 2022-2028. The catering market in Saudi Arabia has grown over the past few years on account of shift of government expenditure to non-oil sectors from oil sectors, rising number of Inflight passengers, rise in construction, tourism, healthcare and education industry. Additionally, positive infrastructure outlook under initiatives such as Saudi Vision 2030 coupled with rising FDI and private sector investment would drive the catering market in the country. The industry is growing in the efficient manner and it will keep gaining growth as it is one of the most essential and lucrative i8ndustries in the nation. The Trenchers Market in Saudi Arabia is one of the most significant parts of the Middle East Trenchers Market. The government of the nation has been supporting the market in all possible ways. This sector will remain one of the prominent sectors in the future owing to the value it has been adding in the smooth progression of other industries.
In 2021, chain trenchers held the major revenue share in the Saudi Arabia Trenchers Industry due to numbers of new mega scale projects including construction roads, malls, mining sites etc. Chain trenchers segment will continue to maintain its dominance in the years to come owing to its rising demand.
Bulk excavation has the largest revenue share in trenchers market by application, followed by the oil and gas sector. Further, expected growth in mining operations in would propel the demand for trenchers in bulk excavation application.
The report provides a detailed analysis of the following market segments:
1. Executive Summary |
2. Introduction |
2.1 Report Description |
2.2 Key Highlights of the Report |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3. Saudi Arabia Trenchers Market Overview |
3.1 Saudi Arabia Trenchers Market Revenues and Volume (2018-2028F) |
3.2 Saudi Arabia Trenchers Market Industry Life Cycle |
4. Impact Analysis of COVID-19 on Saudi Arabia Trenchers Market |
5. Saudi Arabia Trenchers Market Dynamics |
5.1 Impact Anaylsis |
5.2 Market Drivers |
5.3 Market Restraints |
6. Saudi Arabia Trenchers Market Overview, by Types and Application |
6.1 Saudi Arabia Trenchers Market Revenue & Volume Share, by Types (2018-2028F) |
6.2 Saudi Arabia Trenchers Market Revenues and Volume, by Types (2018-2028F) |
6.3 Saudi Arabia Trenchers Market Revenue Share, by Applications (2018-2028F) |
6.4 Saudi Arabia Trenchers Market Revenue, by Applications (2018-2028F) |
7. Saudi Arabia Trenchers Market Key Performance Indicators |
7.1 Saudi Arabia Mining Sector Outlook |
7.2 Saudi Arabia Oil and Gas Sector Outlook |
8. Saudi Arabia Trenchers Market Market Opportunity Assessment |
8.1 Saudi Arabia Trenchers Market Opportunity Assessment, By Types(2028F) |
8.2 Saudi Arabia Trenchers Market Opportunity Assessment, By Applications (2028F) |
9. Saudi Arabia Trenchers Market - Competitive Landscape |
9.1 Saudi Arabia Trenchers Market Ranking, By Players (2021) |
9.2 Saudi Arabia Trenchers Key Companies Competitive Benchmarking, By Technical and Operating Parameters |
10. Company Profiles |
10.1 Trencor Ltd. |
10.2 Tesmec Middle East |
10.3 Inter-Drain |
10.4 MastenBroek |
10.5 Vermeer Middle East FZCO |
10.6 Ditch Witch Middle East |
11. Saudi Arabia Bulk Excavation Industry Overview |
11.1 Saudi Arabia Bulk Excavation Industry Revenues |
11.2 Saudi Arabia Trenchers Market Competitive Benchmarking, By Operating Parameters |
11.3 Nesma |
11.4 Almabani General Contractors |
11.5 Ahmed N. Albanali Holdings Company |
11.6 AF Contracting LLC |
12. Key Strategic Recommendations |
13. Disclaimer |
List of Figures |
1. Saudi Arabia Trenchers Market Revenues & Volume, 2018-2028F ($ Billion, Units) |
2. Saudi Vision 2030 Goals for Non-Oil Sector |
3. Saudi Arabia Non-Oil Revenue 2016-2021 ($ Billion) |
4. Saudi Arabia Trenchers Market Revenue Share, By Types, 2021 & 2028F |
5. Saudi Arabia Trenchers Market Volume Share, By Types, 2021 & 2028F |
6. Saudi Arabia Trenchers Market Revenue Share, By Applications, 2021 & 2028F |
7. Saudi Arabia Mining Reserves, 2020 |
8. Saudi Arabia Oil Consumption 2011-2019, in million barrels/day |
9. Saudi Arabia Oil Production 2021-2022, in million barrels/day |
10. Saudi Arabia Trenchers market Opportunity Assessment, By Type, 2028F ($ Thousand) |
11. Saudi Arabia Trenchers market Opportunity Assessment, By Applications, 2028F ($ Thousand) |
12. Saudi Arabia Trenchers market Revenue Ranking, By Companies, 2021 |
13. Saudi Arabia Bulk Market as a service Revenues, 2018-2028F ($ Million, Thousand Units) |
14. Rental cost of Trenchers/hr |
List of Tables |
1. Saudi Arabia Major Upcoming Hospitality Projects |
2. Rental overview of trenchers in Saudi Arabia |
3. Saudi Arabia Trenchers Market Revenues, By Types, 2018-2028F ($ Thousand) |
4. Saudi Arabia Trenchers Market Volume, By Types, 2018-2028F (Units) |
5. Saudi Arabia Trenchers Market Revenues, By Applications, 2018-2028F ($ Thousand) |
6. Number of mining licenses in KSA |
7. Major projects awarded to EPC contractors in KSA for year 2020 and 2021 |
Market Forecast By Types (Wheel Trencher, Chain Trencher & Others), By Applications (Oil & Gas, Agriculture, Telecommunications & Power Cables, Municipal and Others) and competitive Landscape
Product Code: ETC002128 | Publication Date: Jan 2023 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 69 | No. of Figures: 14 | No. of Tables: 7 |
Saudi Arabia trenchers market is expected to witness growth due to factors such as the boom in the agriculture sector, technological advancements, boosting construction industry along with increasing government investment in the construction sector, rising need for increased productivity by minimizing the operator's workload would promote the growth of the trencher market in the country. However, the downfall of the mining industry would restrain trenchers' market growth.
According to 6Wresearch, Saudi Arabia Trenchers Market size is anticipated to witness growth during 2020-2026. The outburst of global pandemic coronavirus would adversely impact the economic growth of the country as the government imposed shutdown of all operations in the agriculture, construction, and mining sectors thereby, restraining the trencher market growth during 2020. However, the construction sector is expected to flourish due to widespread commercial and infrastructure development in the country including the expansion of metros and airports, along with the construction of new hotels and shopping malls would boost the demand for trencher in the construction sector, during the forecast period.
Based on application, the construction sector would acquire a major market share due to a large number of upcoming infrastructure projects such as the Red Sea Project, Jeddah Tower, Riyadh Metro, and many others would require the widespread use of trenchers at construction sites thereby accelerating the trencher market growth in the country.
Saudi Arabia Trencher market report thoroughly covers the market by types and applications. Saudi Arabia Trencher market outlook report provides an unbiased and detailed analysis of the ongoing Saudi Arabia Trencher market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.
The upcoming construction projects in the country such as the Red Sea Project which is being initiated by the Saudi crown prince Mohammad bin Salman in the Saudi western coast as a tourist attraction point in the country, Jeddah Tower which is expected to be the world’s 1st km high skyscraper in the north side of Jeddah, Saudi Arabia and Riyadh Metro, a rapid transit system with around 85 stations and 176 km long route are expected to bring in vast new opportunities for the increased deployment of trenchers for the successful construction of the aforementioned buildings and metro and is anticipated to mark superior growth of the Saudi Arabia trenchers market in the coming time zone.
Saudi Arabia trencher market is estimated to secure tremendous growth in the upcoming six yet on the back of the rising growth of multiple sectors such as mining, agriculture, and oil & gas. Based on the end-users, the telecommunication industry is estimated to generate humongous revenue in the market owing to the rising spectrum of 5G internet network coupled with the increase in the adoption of the internet in the emerging market landscape is leading to boost the demand for chain trenchers at times of laying a power cable and is expected to benefit the growth of the Saudi Arabia trenches market in the years ahead.
Key Highlights of the Report:
Markets Covered
Saudi Arabia Trencher Market report provides a detailed analysis of the following market segments:
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