Cement Market in Saudi Arabia by Application and Region - Forecast and Analysis 2021-2025
- Published: Feb 2021
- Pages: 120
- SKU: IRTNTR70277
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The cement market share in Saudi Arabia is expected to increase by 1.66 million tons from 2020 to 2025, and the market’s growth momentum will accelerate at a CAGR of 6%.
This cement market research report of Saudi Arabia provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers market segmentation by application (residential and commercial) and geography (Central, Western, Southern, Eastern, and Northern). The cement market report of Saudi Arabia also offers information on several market vendors, including Al Safwa Ltd., Arabian Cement Co. SAE, Epcco Publishing Group Ltd., Najran Cement Co., Northern Region Cement Co., Saudi Cement Co., Southern Province Cement Co., Umm Al Qura Cement Co., Yamama Saudi Cement Co., and Yanbu Cement Co. among others.
What will the Cement Market Size in Saudi Arabia be During the Forecast Period?
Download the Free Report Sample to Unlock the Cement Market Size in Saudi Arabia for the Forecast Period and Other Important Statistics
Cement Market in Saudi Arabia: Key Drivers and Trends
Based on our research output, there has been a negative impact on the market growth during and post COVID-19 era. The launch of Saudi vision 2030 is notably driving the cement market growth in Saudi Arabia, although factors such as ex-pat levy on foreign nationals may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the cement industry in Saudi Arabia. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.
Key Cement Market Driver in Saudi Arabia
One of the key factors driving growth in the cement market in Saudi Arabia is the launch of Saudi Vision 2030. This project aimed to increase the country's economic development while minimizing the dependence on its oil resources. As a first step, the National Transformation Program 2020 was announced to achieve these goals. The government's vision to reduce the dependency on its oil resources is expected to boost the construction segment's growth for both residential and non-residential construction projects. This is expected to be a significant driver for the cement market. The expected growth in infrastructure for religious tourism, healthcare, and real estate through proposed non-citizen ownership, retail, and development of cities and sectors is expected to continue to drive the cement market in Saudi Arabia during the forecast period.
Key Cement Market Trend in Saudi Arabia
The construction of low-power-consuming cement plants is another major factor supporting the cement market in Saudi Arabia. The cement industry is one of the world's highest energy-intensive industries, with fuel and energy costs typically representing approximately 30%-40% of total production costs. With the proposed cut in energy subsidies that are expected to take place during the forecast period, cement vendors are looking for alternate ways to counter the expected increase in production costs. Major players in the cement market in Saudi Arabia, such as Yamama Cement and Saudi Cement, are investing in new infrastructure to increase production efficiency and reduce power consumption. This trend among cement companies in the region is expected to balance the anticipated increase in production costs over the long term.
Key Cement Market Challenge in Saudi Arabia
The ex-pat levy on foreign nationals will be a major challenge for the cement market in Saudi Arabia. The government of Saudi Arabia implemented an ex-pat levy on sponsoring foreign nationals. This monthly levy, which is applicable for both employees and their dependents, is expected to increase at a steady rate over a four-year period. This ex-pat levy is especially taxing on companies that have a workforce comprising more foreign nationals than Saudi nationals. In an industry heavily dependent on manpower, ex-pat levies will reduce the inflow of blue-collar workers into the country, affecting the growth of the cement market. Thus, this scenario is expected to impede the growth of the cement market in Saudi Arabia during the forecast period.
This cement market analysis report of Saudi Arabia also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2021-2025.
Parent Market Analysis
Technavio categorizes the cement market in Saudi Arabia as a part of the global industrial machinery market. The parent global industrial machinery market covers companies engaged in the manufacturing of industrial machinery and components covering presses, machine tools, compressors, pollution control equipment, elevators, escalators, insulators, pumps, roller bearings, and other metal fabrications. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the market in focus during the forecast period.
Who are the Major Cement Market Vendors in Saudi Arabia?
The report analyzes the market’s competitive landscape and offers information on several market vendors, including:
- Al Safwa Ltd.
- Arabian Cement Co. SAE
- Epcco Publishing Group Ltd.
- Najran Cement Co.
- Northern Region Cement Co.
- Saudi Cement Co.
- Southern Province Cement Co.
- Umm Al Qura Cement Co.
- Yamama Saudi Cement Co.
- Yanbu Cement Co.
This statistical study of the cement market in Saudi Arabia encompasses successful business strategies deployed by the key vendors. The cement market in Saudi Arabia is concentrated and the vendors are deploying organic and inorganic growth strategies to compete in the market.
To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
The cement market forecast report of Saudi Arabia offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.
Product Insights and News
In mid-2017, Saudi Arabia lifted the ban on the export of cement. This ban was imposed in 2008 by the government to reduce the increasing prices of cement and to accommodate the demand for large government-funded projects. On the decrease of crude oil prices in late 2015, the construction industry in Saudi Arabia was adversely impacted by the low oil prices. Thus, the relaxation of the ban was to help in the recovery of the construction industry.
Cement Market Value Chain Analysis in Saudi Arabia
Our report provides extensive information on the value chain analysis for the cement market in Saudi Arabia, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chains is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.
The value chain of the industry includes the following core components:
- Inputs
- Inbound logistics
- Operations
- Outbound logistics
- Marketing and sales
- Aftermarket and service
- Support activities
- Innovations
The report has further elucidated on other innovative approaches being followed by manufacturers to ensure a sustainable market presence.
What are the Revenue-generating Application Segments in the Cement Market in Saudi Arabia?
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The cement market share growth in Saudi Arabia by the residential segment will be significant during the forecast period. This report provides an accurate prediction of the contribution of all the segments to the growth of the cement market size in Saudi Arabia and actionable market insights on post COVID-19 impact on each segment.
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Cement Market Scope in Saudi Arabia |
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Report Coverage |
Details |
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Page number |
120 |
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Base year |
2020 |
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Forecast period |
2021-2025 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 6% |
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Market growth 2021-2025 |
1.66 million tons |
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Market structure |
Concentrated |
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YoY growth (%) |
5.60 |
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Regional analysis |
Saudi Arabia |
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Competitive landscape |
Leading companies, Competitive strategies, Consumer engagement scope |
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Companies profiled |
Al Jouf Cement Co., Al Madina Cement Co., Al Rashed Cement Co., Al Safwa Ltd., Arabian Cement Co. SAE, Epcco Publishing Group Ltd., Hail Cement Co., Najran Cement Co., Northern Region Cement Co., Qassim Cement Co., Qatrana Cement Co., Saudi Cement Co., Saudi White Cement Co., Southern Province Cement Co., Tabuk Cement Co., United Cement Industrial Co., Umm Al Qura Cement Co., Yamama Saudi Cement Co., Yanbu Cement Co. |
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Market Dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, Market condition analysis for the forecast period |
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Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
What are the Key Data Covered in this Cement Market Report of Saudi Arabia?
- CAGR of the market during the forecast period 2021-2025
- Detailed information on factors that will drive cement market growth in Saudi Arabia during the next five years
- Precise estimation of the cement market size in Saudi Arabia and its contribution to the parent market
- Accurate predictions on upcoming trends and changes in consumer behavior
- A thorough analysis of the market’s competitive landscape and detailed information on vendors
- Comprehensive details of factors that will challenge the growth of cement market vendors in Saudi Arabia
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1. Executive Summary
2. Market Landscape
2.1 Market ecosystem
Exhibit 01: Parent market
Exhibit 02: Market Characteristics
2.2 Value chain analysis
Exhibit 03: Value chain analysis – Industrial machinery
2.2.1 Inputs
2.2.2 Inbound Logistics
2.2.3 Operations
2.2.4 Outbound Logistics
2.2.5 Marketing and sales
2.2.6 Aftermarket and service
3. Market Sizing
3.1 Market definition
Exhibit 04: Offerings of vendors included in the market definition
3.2 Market segment analysis
Exhibit 05: Market segments
3.3 Market size 2020
3.4 Market outlook: Forecast for 2020 - 2025
Exhibit 06: Country - Market size and forecast 2020 - 2025 (thousand tons)
Exhibit 07: Country market: Year-over-year growth 2020 - 2025 (%)
4. Five Forces Analysis
4.1 Five forces analysis
Exhibit 08: Five forces analysis 2020 & 2025
4.2 Bargaining power of buyers
Exhibit 08: Bargaining power of buyers
4.3 Bargaining power of suppliers
Exhibit 09: Bargaining power of suppliers
4.4 Threat of new entrants
Exhibit 10: Threat of new entrants
4.5 Threat of substitutes
Exhibit 11: Threat of substitutes
4.6 Threat of rivalry
Exhibit 12: Threat of rivalry
4.7 Market condition
Exhibit 13: Market condition - Five forces 2020
5. Market Segmentation by Application by Volume
5.1 Market segments
The segments covered in this chapter are:
- Residential
- Commercial
Exhibit 14: Application by volume - Market share 2020-2025 (%)
5.2 Comparison by Application by volume
Exhibit 15: Comparison by Application by volume
5.3 Residential - Market size and forecast 2020-2025 ($ millions)
Exhibit 16: Residential - Market size and forecast 2020-2025 (thousand tons)
Exhibit 17: Residential - Year-over-year growth 2020-2025 (%)
5.4 Commercial - Market size and forecast 2020-2025 ($ millions)
Exhibit 18: Commercial - Market size and forecast 2020-2025 (thousand tons)
Exhibit 19: Commercial - Year-over-year growth 2020-2025 (%)
5.5 Market opportunity by Application by volume
Exhibit 20: Market opportunity by Application by volume
6. Customer landscape
Technavio’s customer landscape matrix comparing Drivers of price sensitivity, Adoption lifecycle, importance in customer price basket, Adoption rates and Key purchase criteria
Exhibit 21: Customer landscape
7. Regional Landscape
8.1 Geographic segmentation
The regions covered in the report are:
- Central
- Western
- Eastern
- Southern
- Northern
Exhibit 22: Market share by geography 2020-2025 (%)
7.2 Central – Market size and forecast 2020-2025
Exhibit 23: Central - Market size and forecast 2020-2025 (thousand Tons)
Exhibit 24: Central - Year-over-year growth 2020-2025 (%)
7.3 Western - Market size and forecast 2020-2025
Exhibit 25: Western - Market size and forecast 2020-2025 (thousand MT)
Exhibit 26: Western - Year-over-year growth 2020-2025 (%)
7.4 Southern - Market size and forecast 2020-2025
Exhibit 27: Southern - Market size and forecast 2020-2025 (thousand MT)
Exhibit 28: Southern - Year-over-year growth 2020-2025 (%)
7.5 Eastern - Market size and forecast 2020-2025
Exhibit 29: Eastern - Market size and forecast 2020-2025 (thousand MT)
Exhibit 30: Eastern - Year-over-year growth 2020-2025 (%)
7.6 Northern - Market size and forecast 2020-2025
Exhibit 31: Northern - Market size and forecast 2020-2025 (thousand MT)
Exhibit 32: Northern - Year-over-year growth 2020-2025 (%)
8. Drivers, Challenges, and Trends
8.1 Market drivers
8.1.1 Launch of Saudi Vision 2030
8.1.2 Resumption of cement exports
8.1.3 Growth of housing mortgage sector
8.2 Market challenges
8.2.1 Expat levy on foreign nationals
8.2.2 Impact of removal of fuel subsidies
8.2.3 Stringent regulations regarding cement manufacturing
Exhibit 33: Impact of drivers and challenges
8.3 Market trends
8.3.1 Construction of low power-consuming cement plants
8.3.2 Shift toward sustainable practices in cement industry
8.3.3 Innovations in cement
9. Vendor Landscape
9.1 Overview
Exhibit 34: Vendor landscape
9.2 Landscape disruption
The potential for the disruption of the market landscape was moderate in 2020, and its threat is expected to remain unchanged by 2025.
Exhibit 35: Landscape disruption
Exhibit 36: Industry risks
10. Vendor Analysis
10.1 Vendors covered
Exhibit 37: Vendors covered
Exhibit 38: Market share analysis, Jan 2021
10.2 Market positioning of vendors
Exhibit 39: Market positioning of vendors
10.3 Al Safwa Ltd.
Exhibit 40: Al Safwa Ltd. - Overview
Exhibit 41: Al Safwa Ltd. - Product and service
Exhibit 42: Al Safwa Ltd. - Key offerings
10.4 Arabian Cement Co. SAE
Exhibit 43: Arabian Cement Co. SAE - Overview
Exhibit 44: Arabian Cement Co. SAE - Product and service
Exhibit 45: Arabian Cement Co. SAE - Key offerings
10.5 Epcco Publishing Group Ltd.
Exhibit 46: Epcco Publishing Group Ltd. - Overview
Exhibit 47: Epcco Publishing Group Ltd. - Product and service
Exhibit 48: Epcco Publishing Group Ltd. - Key offerings
10.6 Najran Cement Co.
Exhibit 49: Najran Cement Co. - Overview
Exhibit 50: Najran Cement Co. - Product and service
Exhibit 51: Najran Cement Co. - Key offerings
10.7 Northern Region Cement Co.
Exhibit 52: Northern Region Cement Co. - Overview
Exhibit 53: Northern Region Cement Co. - Product and service
Exhibit 54: Northern Region Cement Co. - Key offerings
10.8 Saudi Cement Co.
Exhibit 55: Saudi Cement Co. - Overview
Exhibit 56: Saudi Cement Co. - Business segments
Exhibit 57: Saudi Cement Co. - Key offerings
10.9 Southern Province Cement Co.
Exhibit 58: Southern Province Cement Co. - Overview
Exhibit 59: Southern Province Cement Co. - Product and service
Exhibit 60: Southern Province Cement Co. - Key offerings
10.10 Umm Al Qura Cement Co.
Exhibit 61: Umm Al Qura Cement Co. - Overview
Exhibit 62: Umm Al Qura Cement Co. - Product and service
Exhibit 63: Umm Al Qura Cement Co. - Key offerings
10.11 Yamama Saudi Cement Co.
Exhibit 64: Yamama Saudi Cement Co. - Overview
Exhibit 65: Yamama Saudi Cement Co. - Product and service
Exhibit 66: Yamama Saudi Cement Co. - Key offerings
10.12 Yanbu Cement Co.
Exhibit 67: Yanbu Cement Co. - Overview
Exhibit 68: Yanbu Cement Co. - Product and service
Exhibit 69: Yanbu Cement Co. - Key offerings
Exhibit 94: Unilever Group - Key offerings
Exhibit 95: Unilever Group - Segment focus
11. Appendix
11.1 Scope of the report
11.1.1 Market definition
11.1.2 Objectives
11.1.3 Notes and caveats
11.2 Currency conversion rates for US$
Exhibit 70: Currency conversion rates for US$
11.3 Research methodology
Exhibit 71: Research Methodology
Exhibit 72: Validation techniques employed for market sizing
Exhibit 73: Information sources
11.4 List of abbreviations
Exhibit 74: List of abbreviations
Research Framework
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
INFORMATION SOURCES
Primary sources
- Manufacturers and suppliers
- Channel partners
- Industry experts
- Strategic decision makers
Secondary sources
- Industry journals and periodicals
- Government data
- Financial reports of key industry players
- Historical data
- Press releases
DATA ANALYSIS
Data Synthesis
- Collation of data
- Estimation of key figures
- Analysis of derived insights
Data Validation
- Triangulation with data models
- Reference against proprietary databases
- Corroboration with industry experts
REPORT WRITING
Qualitative
- Market drivers
- Market challenges
- Market trends
- Five forces analysis
Quantitative
- Market size and forecast
- Market segmentation
- Geographical insights
- Competitive landscape
Frequently Asked Questions?
- American Samoa
- Algeria
- Angola
- APAC (exc. China)
- Andorra
- Launch of Saudi Vision 2030
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