Saudi Arabia Piling Machine Market Size & Outlook
Saudi Arabia piling machine market, 2018-2030 (US$M)
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Saudi Arabia piling machine market highlights
- The Saudi Arabia piling machine market generated a revenue of USD 215.8 million in 2022 and is expected to reach USD 306.5 million by 2030.
- The Saudi Arabia market is expected to grow at a CAGR of 4.5% from 2023 to 2030.
- In terms of segment, piling rigs was the largest revenue generating product in 2022.
- Piling rigs is the most lucrative product segment registering the fastest growth during the forecast period.
Piling machine market data book summary
| Market revenue in 2022 | USD 215.8 million |
| Market revenue in 2030 | USD 306.5 million |
| Growth rate | 4.5% (CAGR from 2022 to 2030) |
| Largest segment | Piling rigs |
| Fastest growing segment | Piling rigs |
| Historical data | 2018 - 2021 |
| Base year | 2022 |
| Forecast period | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Impact hammer, Vibratory drivers, Piling rigs |
| Key market players worldwide | Epiroc AB DR, Sany Heavy Equipment International Holdings Co Ltd, Liebherr Group, BAUER Group, XCMG Group, Casagrande, Watson Drill Rigs, International Construction Supplies, ABI Gruppe, Fundex Equipment, Dieseko Group B.V., IQIP, Junttan, Trevi Finanziaria Industriale |
Other key industry trends
- In terms of revenue, Saudi Arabia accounted for 4.4% of the global piling machine market in 2022.
- Country-wise, China is expected to lead the global market in terms of revenue in 2030.
- In Middle East & Africa, UAE piling machine market is projected to lead the regional market in terms of revenue in 2030.
- Saudi Arabia is the fastest growing regional market in Middle East & Africa and is projected to reach USD 306.5 million by 2030.
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Piling Machine Market Scope
Piling Machine Market Companies
| Name | Profile | # Employees | HQ | Website |
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Saudi Arabia piling machine market outlook
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 piling machine market will help companies and investors design strategic landscapes.
Piling rigs was the largest segment with a revenue share of 43.88% in 2022. Horizon Databook has segmented the Saudi Arabia piling machine market based on impact hammer, vibratory drivers, piling rigs covering the revenue growth of each sub-segment from 2018 to 2030.
Saudi Arabia is expected to witness significant economic growth in the coming years owing to the implementation of structural reforms in the country. New taxes, including value-added tax (VAT) and extra charges on expats working in Saudi Arabia, as well as potential taxes on foreign businesses, are anticipated to bring additional revenues to the economy of the country.
However, uncertainty regarding future global oil prices and the impact of ongoing economic reforms may also pose a risk to the projected economic growth of Saudi Arabia in the coming years. As the Government of Saudi Arabia aims to increase its spending on transportation and infrastructure development projects and focus on fast-tracking them, it is anticipated to lead to a rise in construction activities in the country in the coming years.
This, in turn, is expected to surge the demand for piling machines in Saudi Arabia during the forecast period. The government programs such as Vision 2030 and the National Transformation Program in Saudi Arabia are designed to contribute to the economic development of the country.
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Our clientele includes a mix of piling machine market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of country-level data and insights on the Saudi Arabia piling machine market , including forecasts for subscribers. This country databook contains high-level insights into Saudi Arabia piling machine market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Saudi Arabia piling machine market size, by product, 2018-2030 (US$M)
Saudi Arabia Piling Machine Market Outlook Share, 2022 & 2030 (US$M)
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