Earth Moving Equipment Market in Saudi Arabia 2016-2020

Earthmoving equipment market outlook in Saudi Arabia

The market for earthmoving equipment in Saudi Arabia will grow at an impressive CAGR of around 11% until the end of 2020. Sustained growth of the economy in Saudi Arabia coupled with the steady development of the construction market will increase the number of construction projects in this region. This increase in the number of construction activities will, in turn, foster the earth moving equipment demand during the next few years. Also, factors like the recent increase in new railway lines and projects will also help in the strong growth of this market during the forecast period. In Saudi Arabia, railways are an efficient mode of transportation for trading, as they connect major seaports in the region. For instance, the north-south railway line, which is the largest railway line in Saudi Arabia, links the primary phosphate and bauxite mining center in Baitha with the processing centers in Ras al-Zou. Due to the expansion of railway lines in this region, the demand for earthmoving equipment like loaders will increase as they help to remove the debris that is created during the construction of new railway tracks.  

 Want a bigger picture? Try a FREE sample of this report now!

See the complete table of contents and list of exhibits, as well as selected illustrations and example pages from this report.       

An important earth moving equipment market trend that will impel growth of the market in Saudi Arabia is the rising demand for energy-efficient equipment. Construction companies in Saudi Arabia are focusing extensively on sustainable development practices like green building construction. To construct such buildings, construction companies have to minimize the emissions and pollution throughout the project lifecycle, which in turn will augment the need for energy-efficient equipment. This increase in the demand for energy-efficient equipment will compel manufacturers to develop energy-efficient and technologically advanced earthmoving equipment.

Get more value with Technavio’s subscription platform! Gain easy access to all of Technavio’s reports, along with on-demand services. Start your FREE 14-day trial

Segmentation by type and analysis of the earthmoving equipment market in Saudi Arabia

• Excavator
• Construction tractor
• Loader

In this earthmoving equipment market research report, analysts have estimated the loader product type segment to account for an impressive market share of more than 60% by 2020. Since the demand for loaders is directly proportional to the growth in construction activities, any increase in this region’s construction activities will result in the high demand for loaders, eventually resulting in the segment to continue gaining the largest earthmoving equipment market share in the region. Additionally, the ability of loaders to remove debris and other obstructions that hinder work efficiency will result in its increased adoption over the next few years.

Competitive landscape and key vendors

In Saudi Arabia, this market has a high growth potential and is very competitive due to the presence of many large vendors. Rising investments in infrastructure and the encouragement and participation of the government for the development of the transportation and infrastructure projects are bolstering earthmoving equipment market demand in the upcoming years.

Top vendors in this market are -

• Caterpillar
• JCB
• Komatsu
• Volvo

Other prominent earthmoving equipment manufacturers in this market are Bobcat, KOBELCO Construction Machinery, Liebherr, Sany Heavy Industry, and XCMG.

Key questions answered in the report include

• What will the market size and the growth rate be in 2020?
• What are the key factors driving the earthmoving equipment market in Saudi Arabia?
• What are the key market trends impacting the growth of the earthmoving equipment market in Saudi Arabia?
• What are the challenges to market growth?
• Who are the key vendors in the earthmoving equipment market in Saudi Arabia?
• What are the market opportunities and threats faced by the vendors in the earthmoving equipment market in Saudi Arabia?
• Trending factors influencing the market shares of Saudi Arabia.
• What are the key outcomes of the five forces analysis of the earthmoving equipment market in Saudi Arabia?

Want to dial in on a specific region or segment? We can help! Our analysts can customize this market research report to meet your requirements. Get in touch