According to Arizton’s latest research, the Saudi Arabia construction equipment market is projected to grow at a CAGR of 5.92% from 2024 to 2030, with sales expected to reach 52.62 thousand units by 2030, up from 37.27 thousand units in 2024. This growth is fueled by large-scale infrastructure projects under Vision 2030, rising urban development, and the Kingdom’s shift toward sustainable and diversified construction practices.
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Report Scope:
Market Size- Volume (2030): 52.62 Thousand Units
Market Size- Volume (2024): 37.27 Thousand Units
CAGR- Volume (2024-2030): 5.92%
Market Size- Revenue (2030): USD 3.72 Billion
Historic Year: 2021-2023
Base Year: 2024
Forecast Year: 2025-2030
Equipment Type: Earthmoving Equipment, Road Construction Equipment, Material Handling Equipment, And Other Equipment
End-Users: Construction, Mining, Manufacturing, And Others
Saudi Arabia Construction Equipment Market – Key Trends and Growth Drivers
Saudi Arabia Champions a Green Hydrogen Economy
Saudi Arabia is spearheading efforts toward a hydrogen-fueled future, with a national goal of achieving net-zero emissions by 2060. Through strategic partnerships and forward-thinking initiatives such as NEOM’s hydrogen program, the Kingdom is investing heavily in green hydrogen production. This transition is fostering the development of advanced hydrogen-fuel plants, laying the groundwork for the integration of hydrogen-powered engines in heavy industrial machinery.
Rising Trend of Waste-To-Energy Projects Drives the Sales of Wheeled Loaders
Real Estate Sector Growth Boosts Construction Activity
The Kingdom’s real estate sector continues to flourish, propelled by Vision 2030’s ambition to raise the homeownership rate to 70% by 2030. Government-led initiatives such as Wafi and Sakani are focused on expanding housing availability in the low to mid-income segments. Moreover, the government’s active collaboration with private developers is accelerating residential construction across Saudi Arabia, driving increased demand for construction equipment and supporting the growth of related industries.
Key Highlights – Saudi Arabia Construction Equipment Market
Tech-Driven Competition Reshapes Saudi Arabia’s Construction Equipment Market
Saudi Arabia’s construction equipment market is witnessing a dynamic shift as leading players like Caterpillar, Liebherr, Komatsu, Volvo CE, Hitachi, SANY, and XCMG continue to dominate with diverse offerings and strong market presence. Meanwhile, niche brands such as Terex, Tadano, and Bomag maintain stable footholds with limited product lines. Emerging companies including JCB, Zoomlion, and HD Hyundai Construction Equipment are disrupting the landscape by introducing advanced, tech-enabled machinery aimed at challenging the incumbents.
However, firms like AUSA, JLG, and Wacker Neuson face setbacks due to low diversification and slower adoption of innovation, signaling a competitive landscape increasingly driven by technology and specialization.
Prominent Vendors
Other Prominent Vendors
Distributor Profiles
Market Segmentation & Forecast
Segmentation by Type
Earthmoving Equipment
Road Construction Equipment
Material Handling Equipment
Other Construction Equipment
Segmentation by End Users
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