Saudi Arabia Trenchers market revenue size is anticipated to grow at a CAGR of 10.7% during 2022-2028

Bulk excavation segment by application, obtained the largest revenue share in the South Arabia Trenchers Market – 6Wresearch

In 2021, bulk excavation dominated the Trenchers Market in Saudi Arabia. On account of several upcoming government projects like NEOM, and Saudi Aramco $ 18 billion black rock deal, etc. bulk excavation would continue to dominate the trenchers market. The trenchers market in Saudi Arabia is expected to grow over the upcoming years on account of speedy urbanization, along with large scale construction projects, such as NEOM city and Red Sea project. Further, measures by the Saudi Arabia Industry and Mineral Resources Ministry to augment mining and mineral processing industry in the country with $32 billion worth of investments is further expected to augment the market demand.

Government development plans coupled with the rising foreign direct investment and increasing contribution of private sector players towards urban transformation are the main factors that would drive the trenchers market in the country.

According to 6Wresearch, Saudi Arabia Trenchers market revenue size is anticipated to grow at a CAGR of 10.7% during 2022-2028. Rising tourism sector and mining sector, along with development of telecom and power transmissions networks will support the growth of Saudi Arabia trenchers market. There are a number of players in the market and they have been supporting the market growth in the most efficient manner. Government initiatives such as Saudi Vision 2030, aim to increase the contribution of private sectors towards urban transformation, develop the tourism and national heritage sectors, improve the urban landscape in Saudi cities, modernise the transportation network and attract foreign direct investments (FDI) in the country. The focus is also on increasing the non-oil government revenues to $266 billion and the share of non-oil exports in non-oil GDP to 50% by 2030.

According to Ravi Bhandari, Research Head, 6Wresearch, Chain trenchers is likely to dominate Saudi Arabia Trenchers market in the coming years owing to increasing mining activities, surface leveling, construction sites, extending pipeline network etc. along with rapid urbanization in the county. Under the vision 2030 plan of Saudi Arabia, the priority motive is to develop smart cities across the country which would include usage of chain trenchers.

“The Saudi Arabia Trenchers Market (2022-2028)” report provides an in-depth analysis with 14 figures and 7 tables, covered in 69 pages. The report on Saudi Arabia Trenchers Industry comprehensively covers the industry by types and applications. The report provides a detailed as well as unbiased analysis of the on-going drivers, opportunities/high growth areas, and trends of the sector which are projected to support the stakeholders to align as well as devise their market strategies as per to the latest and future market dynamics.