Saudi Arabia Construction Material Handling Equipment Market Outlook 2030: Leading Companies & Share Insights

Saudi Arabia Construction Material Handling Equipment Market Size & Insights

As per recent study by MarkNtel Advisors The Saudi Arabia Construction Material Handling Equipment Market size was valued at around USD 1.77 billion in 2024 and is projected to reach USD 2.91 billion by 2030. The market is also estimated to grow at a CAGR of around 8.11% during the forecast period, i.e., 2025-30.

What are the Key DROs in the Saudi Arabia Construction Material Handling Equipment Market?

Increased FDI Inflow in Construction Sector – The construction sector, including the residential sector in the country, is developing due to the changes in the legislative norms. In 2023, the government authorities changed the foreign investment policies in the stocks, which indirectly impact the construction across the country. The policy allows foreign investors to invest in Saudi-listed companies in the residential sector. Due to these changes, about 13.5% of the rise is observed in the construction, accounting for nearly USD212.59 million of FDI inflow in 2023. The Capital Market Authority of Saudi Arabia also permits investments in residential properties within Makkah and Madinah. This law of real estate ownership and investments has led to a rise in the construction of residential properties in the country, which is projected to grow in the following years. This increases the need for material handling equipment for the efficient conduct of the construction work.

What are the Key Segments in the Saudi Arabia Construction Material Handling Equipment Market?

The Saudi Arabia Construction Material Handling Equipment is categorized into notable segments, which help in understanding the structure, dynamics, and opportunities within the market. These segments are typically based on:

 

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By Region

 

Who are the Key Players in Saudi Arabia Construction Material Handling Equipment Market?

 

Caterpillar, CNH Industrial, Komatsu, Volvo Group, Sumitomo Heavy Industries, Ltd., Hitachi Construction Machinery Global, XCMG Group, Doosan Bobcat, HD Hyundai Xitesolution, Manitowoc Company, Inc., and others.

 

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Saudi Arabia Construction Material Handling Equipment Market News

 

Key pillars of the research methodology include:

 

“Our methodology reflects the trust businesses place in us. By combining innovation with precision, we deliver not just numbers, but clarity and direction for decision-makers worldwide,” said a spokesperson for MarkNtel Advisors.

Why This MarkNtel Advisors Research Report:

Gain exclusive access to our comprehensive insights on the Saudi Arabia Construction Material Handling Equipment Market. With tailored licensing options, including Mini Report Pack, Excel Data Pack, Single User, Multiuser, and Enterprise Packs, our research empowers organizations to navigate dynamic market trends effectively.

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