Saudi Arabia Nutrunner Market is Expected to Register a 6.09% CAGR Through 2030

Expansion of the Automotive Manufacturing Sector and Advancements in Industrial Automation & Smart Manufacturing are likely to propel the market during the forecast period.

According to TechSci Research report, “Saudi Arabia Nutrunner Market – By Region, Competition, Forecast and Opportunities, 2020-2030F”, Saudi Arabia Nutrunner Market was valued at USD 767 Million in 2024 and is expected to reach USD 1103 Million by 2030 with a CAGR of 6.09% during the forecast period.

Saudi Arabia's automotive industry is experiencing significant growth, driven by the government's Vision 2030 initiative aimed at diversifying the economy and reducing reliance on oil exports. This vision includes establishing the Kingdom as a regional automotive manufacturing hub, with plans to produce 400,000 vehicles annually by 2030 . The establishment of local manufacturing plants by major automotive companies, such as Lucid Motors, which plans to produce 155,000 electric vehicles annually, underscores this commitment.

The growth of the automotive manufacturing sector directly influences the demand for precision tools like nutrunners. These tools are essential for ensuring the accuracy and reliability of fastenings in vehicle assembly, particularly in high-precision tasks such as engine and transmission assembly. As the number of local manufacturing facilities increases, so does the need for advanced fastening solutions to maintain production efficiency and product quality. Moreover, the focus on electric vehicle (EV) production introduces new challenges and requirements for fastening technologies. EVs often incorporate lightweight materials and complex electronic systems, necessitating specialized fastening solutions to ensure safety and performance. Nutrunners equipped with torque control and data logging capabilities are increasingly in demand to meet these specific requirements.

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Based on End User, The automotive sector dominated the Saudi Arabia nutrunner market due to several key factors that align with the industry’s growing demand for precision, efficiency, and scalability. As part of Saudi Arabia's Vision 2030, the government is heavily investing in diversifying the economy, and the automotive industry is a central focus. With the establishment of local production plants and collaborations with global manufacturers, such as Lucid Motors, the automotive sector is poised for significant growth. This rapid expansion has led to an increased demand for high-quality fastening tools like nutrunners, essential for maintaining the precision and consistency needed in vehicle assembly.

Nutrunners, particularly electric models, are critical in automotive manufacturing due to their ability to deliver controlled torque, ensuring fastenings are applied accurately without over-tightening, which could compromise vehicle safety. In automotive assembly lines, where high-volume production is the norm, the precision and speed of nutrunners are indispensable. The automotive industry also requires nutrunners capable of handling various materials and fasteners in a range of components, such as engines, transmissions, and body panels, further solidifying the role of these tools.

The shift towards electric vehicles (EVs) in Saudi Arabia is driving additional demand for advanced fastening solutions. EVs often require the use of lightweight materials, such as aluminum and composite, which necessitate high-torque, low-impact tools like nutrunners to ensure structural integrity and safety. Additionally, the integration of IoT and smart technologies in automotive production, which allows for real-time data collection and analysis, is making electric nutrunners an increasingly valuable asset in the sector.

Based on Region, Dammam has emerged as the fastest-growing region in Saudi Arabia's nutrunner market, propelled by a confluence of strategic industrial developments, infrastructural investments, and alignment with the Kingdom's Vision 2030 objectives.​

A pivotal factor is the establishment of expansive industrial zones, notably Dammam Industrial City 3. This development encompasses diverse sectors, including petrochemicals, automotive, and construction materials, fostering an environment ripe for manufacturing growth. The city's infrastructure is meticulously designed to support industrial activities, featuring comprehensive utilities and transportation networks.

Complementing this industrial expansion is the development of the King Salman Energy Park (SPARK), strategically located between Dammam and Al-Ahsa. SPARK is envisioned as a global energy hub, offering services across exploration, production, refining, and more. The project is anticipated to generate approximately 100,000 direct and indirect jobs upon completion, significantly boosting the region's economic landscape.

Dammam's strategic location enhances its appeal, serving as a nexus for domestic and international trade. The city's proximity to major ports and its integration into national logistics networks facilitate efficient supply chain operations, essential for industries reliant on precision tools like nutrunners.​ Furthermore, the city's commitment to technological advancement is evident in its adoption of Industry 4.0 practices. Manufacturing entities in Dammam are increasingly integrating automation, AI, and IoT into their operations, necessitating advanced tools that offer precision and efficiency. This technological shift underscores the demand for sophisticated equipment, including electric nutrunners, to meet modern manufacturing standards.

Major companies operating in the Saudi Arabia Nutrunner Market are: 

• Atlas Copco Group
• Estic Corporation
• Sanyo Machine Works, Ltd.
• Ingersoll Rand Inc.
• Daiichi Dentsu Ltd.
• Maschinenfabrik Wagner GmbH & Co. KG
• Aimco Global
• Stanley Engineered Fastening

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“The Saudi Arabia nutrunner market presents significant growth opportunities, driven by the country’s Vision 2030 initiative, which emphasizes industrial modernization, automation, and precision manufacturing. The increasing demand for advanced fastening solutions in sectors such as automotive, aerospace, and construction creates a favorable environment for the adoption of smart, energy-efficient, and ergonomic nutrunners. Furthermore, the shift towards Industry 4.0 technologies, including IoT integration and data-driven manufacturing, offers potential for innovative nutrunner solutions. As Saudi Arabia continues to invest in infrastructure and manufacturing capabilities, the nutrunner market is poised for expansion, offering opportunities for both local and international players.” said Mr. Karan Chechi, Research Director of TechSci Research, a research-based global management consulting firm.

“Saudi Arabia Nutrunner Market, By Type (Electric Nutrunner, Pneumatic Nutrunner, Hydraulic Nutrunner), By Distribution Channel (In Store, Online), By End User (Construction, Industrial, Automotive, Others) By Region, Competition, Forecast & Opportunities, 2020-2030F”, has evaluated the future growth potential of Saudi Arabia Nutrunner Market and provides statistics & information on Market size, structure and future Market growth. The report intends to provide cutting-edge Market intelligence and help decision-makers make sound investment decisions., The report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in the Saudi Arabia Nutrunner Market.

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