Saudi Arabia construction market stood over $ 34
billion in 2019 and is exhibiting a CAGR of over 5% during the forecast period,
on account of significant investments in infrastructure and housing development
projects. South Arabia is the most populous and largest country in the Middle
East region. More than 5,200 construction projects have been rolled out in the
country, which are valued at $ 819 billion, accounting for over 35% of the total
value of active projects across GCC (Gulf Cooperation Council). Under Vision
2030, Saudi Arabia is increasing investments in technology and infrastructure
development for economic diversification, which is expected to have a positive
impact on the country’s construction market during forecast period.
Saudi Arabia construction market is segmented by
industry type, and by region. Based on industry type the market is further
segmented into industrial, commercial, infrastructure and residential sectors.
Industrial segment is further categorized by energy, resources, and industries.
These industrial sector asserts its dominance over the market in the historical
years and is expected to behave similarly in the next five years. Industrial
sectors like energy, resources and other industries are always invested in
advancement of technology thus are always booming that makes the market grow
with its steady growth. Moreover, foreign investments, and contracts drive the
market to its expected growth.
Regionally, Saudi Arabia construction
market has been segmented into west, east, central and Rest of Saudi. The Central region
dominated the country’s construction market in 2020 and is expected to account
for the largest market share in coming years, owing to large-scale projects in
the region. Construction projects such as Al Faisaliya City, Dahiyat Al Fursan,
Al Ruwaid Redevelopment are among some of the large-scale construction projects
in Saudi Arabia.
Saudi Binladin Group is the leading player in Saudi
Arabia construction market. Other major market players are Abdullah AM
AL-Khodari Sons Company, Al Rashid Trading and Contracting Company, Al Arrab
Contracting Company and Al Kifah Contracting Company.
Years
considered for this report:
Historical
Years: 2016-2019
Base Year: 2020
Estimated Year: 2021
Forecast Period: 2022-2026
Objective of
the Study:
- To analyze and
forecast Saudi Arabia construction market size.
- To
forecast Saudi Arabia construction market based on industry type and
regional distribution.
- To identify drivers
and challenges for Saudi Arabia construction market.
- To examine
competitive developments such as expansions, new product launches, mergers
& acquisitions, etc., in Saudi Arabia construction market.
- To conduct pricing
analysis for Saudi Arabia construction market.
- To identify and analyze
the profile of leading players operating in Saudi Arabia construction
market.
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TechSci Research performed
both primary as well as exhaustive secondary research for this study.
Initially, TechSci Research sourced a list of leading construction companies
across Saudi Arabia. Subsequently, TechSci Research conducted primary research
surveys with the identified companies. While interviewing, the respondents were
also enquired about their competitors. Through this technique, TechSci Research
could include the construction companies which could not be identified due to
the limitations of secondary research. TechSci Research analyzed the industries
served and presence of all major players operating in Saudi Arabia construction market.
TechSci Research calculated Saudi Arabia
construction market size by using a top-down approach, wherein data
for various industry type recorded and forecast for the future years. TechSci
Research sourced these values from the industry experts and company
representatives and externally validated through analyzing historical data of construction
industry for getting an appropriate, overall market size. Various secondary
sources such as company websites, news articles, press releases, company annual
reports, investor presentations and financial reports were also studied by
TechSci Research.
Key Target
Audience:
- Construction companies
- Government and other regulatory bodies
- Organizations, forums and alliances related to construction market
- Market research and consulting firms
The study is useful in providing answers
to several critical questions that are important for industry stakeholders such
as construction companies and partners, end users, etc., besides allowing them
in strategizing investments and capitalizing on market opportunities.
Report Scope:
In this report, Saudi Arabia construction
market has been segmented into following categories, in addition to the
industry trends which have also been detailed below:
- Market, by
Industry Type:
- Industrial
- Commercial
- Infrastructure
- Residential
- Market, by
Region:
- Central
- West
- East
- Rest of Saudi Arabia
Competitive
Landscape
Company
Profiles: Detailed
analysis of the major companies present in Saudi Arabia construction market.
Available
Customizations:
With the given market data,
TechSci Research offers customizations according to a company’s specific needs.
The following customization options are available for the report:
Company Information
- Detailed
analysis and profiling of additional market players (up to five).
Profit Margin Analysis
- Profit
margin analysis in case of direct and indirect sales channel.