Market revenue in 2023 | USD 23.5 million |
Market revenue in 2030 | USD 404.4 million |
Growth rate | 50.1% (CAGR from 2023 to 2030) |
Largest segment | Laser cutting machines |
Fastest growing segment | CNC machines |
Historical data | 2018 - 2022 |
Base year | 2023 |
Forecast period | 2024 - 2030 |
Quantitative units | Revenue in USD million |
Market segmentation | Air Compressor, Pump, Power Tools, Ground Power Units, Laser cutting machines, Printing Machines, CNC machines, Material handling system, Packaging Machine, Excavators, Cranes, Turning and milling machines |
Key market players worldwide | Atlas Copco AB ADR, Heidelberger Druckmaschinen AG, Desktop Metal Inc Ordinary Shares - Class A, Siemens AG, Dmg Mori Co Ltd, Hilti Group, Metso Corp, TRUMPF, Kaeser Kompressoren, SMS Group, Arnold Machine Inc., Uteco Converting, Volvo AB Class B, Maschinenfabrik HEID, Sk Laser, Tamturbo |
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The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to equipment as a service market will help companies and investors design strategic landscapes.
Laser cutting machines was the largest segment with a revenue share of 15.32% in 2023. Horizon Databook has segmented the Saudi Arabia equipment as a service market based on air compressor, pump, power tools, ground power units, laser cutting machines, printing machines, cnc machines, material handling system, packaging machine, excavators, cranes, turning and milling machines covering the revenue growth of each sub-segment from 2018 to 2030.
Saudi Arabia's economy is undergoing a transformation owing to the implementation of various strategic reforms aimed at reducing its reliance on oil, diversifying income sources, and improving the overall competitiveness of the country.
The country has also undertaken various construction and infrastructural projects to support its Vision 2030 initiative, which is likely to further boost the need for capital investments and machinery.
Moreover, Saudi Arabia is the largest country in the Middle East, and due to its geographical location, the country has rich mineral resource deposits. Natural resources such as petroleum, copper, natural gas, gold, and iron ore are primarily found in the country.
Horizon Databook provides a detailed overview of country-level data and insights on the Saudi Arabia equipment as a service market , including forecasts for subscribers. This country databook contains high-level insights into Saudi Arabia equipment as a service market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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