Earth Moving Equipment Market in Saudi Arabia 2016-2020
- Published: Jun 2016
- Pages: 57
- SKU: IRTNTR8754
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This region-based earth moving equipment industry analysis report presents a comprehensive analysis of the key market drivers, challenges, and upcoming trends that influence growth. This earth moving equipment market industry study also segments the report by type (excavator, construction tractor, and loader). The key players analyzed in this market report are Caterpillar, JCB, Komatsu, and Volvo.
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.
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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.
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Segmentation by type and analysis of the earthmoving equipment market in Saudi Arabia
- Construction tractor
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 -
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?
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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.
- Market size and forecast
- Market segmentation
- Geographical insights
- Competitive landscape
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