Saudi Arabia crane market is expected to grow at a significant rate during the forecast period owing to huge rise in the construction activities in the region which is expected to influence the Saudi Arabia crane market during the next five years. Rising disposable income among middle class families due to availability of job opportunities is aiding in the surge of the customer satisfaction which is expected to fuel the Saudi Arabia crane market. Crane Market is expected to rise after a stagnant growth over the last few year. Initiatives taken by the government as lucrative schemes for urban development is expected to benefit infrastructure sector. Population is expected to rise which will create the demand for infrastructure and boost the crane market. To accommodate and fulfil the shortage of houses for people of Saudi Arabia, government is indulging in development of residential and office spaces. Riyadh Metro, and Diriyah, Qiddiya, Amaala and development of luxurious Red Sea Project are considered are some of the most prominent milestones for the development and growth of the Saudi Arabia crane market. Large number of jobs are created by government of Saudi Arabia and schemes such as Vision 2030 which aims to focus on developing sectors other than oil industry thereby creative lucrative opportunities for the growth of the Saudi Arabia crane market.

Saudi Arabia Crane Market can be segregated based on type of crane, end user, application, company, and region. Based on type of crane, Saudi Arabia crane market is categorised into mobile crane, fixed crane, marine and offshore crane. Mobile crane is playing major role in 2021 and is expected to maintain its dominance till 2027. Preference of mobile cranes over its counterparts is due to mobile cranes flexibility to travel on highways without assistance of any special equipment. Also, mobile cranes boast of faster on-site setup on site thereby aiding in transportation and ease of operation and increasing the demand for crane market in the Saudi Arabia region.

The major players operating in the Saudi Arabia crane market are GH Cranes Arabia FZCO, Caterpillar Inc, Hitachi Construction Machinery Limited, Tadano Limited, Liebherr Group, Kobe Steel, Ltd, HUTA Group, ACT Crane & Heavy Equipment, Grove Worldwide LLC, RCF Co. Riyadh Cranes Co and others. Major companies are developing advanced technologies to stay competitive in the market. Other competitive strategies include mergers & acquisitions.

Objective of the Study:

  • To analyze and forecast the market size of Saudi Arabia crane market.
  • To classify and forecast Saudi Arabia crane market based on type of crane, end user, application, region, and country.
  • To identify drivers and challenges for Saudi Arabia crane market.
  • To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in Saudi Arabia crane market.
  • To identify and analyze the profile of leading players operating in the Saudi Arabia crane market
  •  To identify key sustainable strategies adopted by market players in Saudi Arabia crane 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 manufacturers across the globe. 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 manufacturers which could not be identified due to the limitations of secondary research. TechSci Research analysed the manufacturers, distribution channels and presence of all major players across the globe.

TechSci Research calculated the market size of Saudi Arabia crane market using a bottom-up approach, wherein data for various end-user segments was recorded and forecast for the future years. TechSci Research sourced these values from the industry experts and company representatives and externally validated through analysing historical data of these product types and applications 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:

  • Crane manufacturers/ suppliers/ distributors
  • Market research and consulting firms
  • Government bodies such as regulating authorities and policy makers.
  • Organizations, forums, and alliances related to crane.

The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as manufacturers, suppliers and partners, end users, etc., besides allowing them in strategizing investments and capitalizing on market opportunities.

Attribute

Details

Base Year

2021

Historical Data

2017 – 2020

Estimated Year

2022

Forecast Period

2023 – 2027

Quantitative Units

Revenue in USD Million and CAGR for 2017-2021 and 2022-2027

Report coverage

Revenue forecast, company share, competitive landscape, growth factors, and trends

Segments covered

·         Crane

·         End User

·         Application

Regional scope

Western Region, Northern and Central Region, Eastern Region, Southern Region

Key companies profiled

GH Cranes Arabia FZCO, Caterpillar Inc, Hitachi Construction Machinery Limited, Tadano Limited, Liebherr Group, Kobe Steel, Ltd, HUTA Group, ACT Crane & Heavy Equipment, Grove Worldwide LLC, RCF Co. Riyadh Cranes Co.

Customization scope

10% free report customization with purchase. Addition or alteration to country, regional & segment scope.

Pricing and purchase options

Avail customized purchase options to meet your exact research needs. Explore purchase options

Delivery Format

PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

Report Scope:

In this report, Saudi Arabia crane market has been segmented into following categories, in addition to the industry trends which have also been detailed below:

·         Market, By Type of Crane:

o    Mobile Crane

o    Fixed Crane

o    Marine and Offshore Crane

·         Market, By End User:

o    Construction

o    Industrial Applications

o    Energy & Power

o    Marine and Offshore

o    Mining and Excavation

·         Market, By Application:

o    Material Handling

o    Excavation & Demolition

o    Recycling & Waste Management

o    Tunnelling

o    Others

·         Market, By Region:

o    Western

o    Eastern

o    Central

o    Rest of Saudi Arabia

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in Saudi Arabia crane 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).

In case you don’t find what you are looking for, please get in touch with our custom research team at [email protected]

1.    Product Overview

2.    Research Methodology

3.    Impact of COVID-19 on Saudi Arabia Crane Market

4.    Executive Summary

5.    Saudi Arabia Crane Market Outlook

5.1.  Market Size & Forecast

5.1.1.     By Value

5.2.  Market Share & Forecast

5.2.1.     By Type of Crane (Mobile Crane, Fixed Crane, Marine and Offshore Crane)

5.2.2.    By End User (Construction, Industrial Applications, Energy & Power, Marine and Offshore, Mining and Excavation)

5.2.3.     By Application (Material Handling, Excavation & Demolition, Recycling & Waste Management, Tunnelling and Others)

5.2.4.     By Region

5.2.5.     By Company (2021)

5.3.  Product Market Map

6.    Saudi Arabia Mobile Crane Market Outlook

6.1.  Market Size & Forecast

6.1.1.     By Value

6.2.  Market Share & Forecast

6.2.1.     By End User

6.2.2.     By Application

7.    Saudi Arabia Fixed Crane Market Outlook:

7.1.  Market Size & Forecast

7.1.1.     By Value

7.2.  Market Share & Forecast

7.2.1.     By End User

7.2.2.     By Application

8.    Saudi Arabia Marine and Offshore Crane Market Outlook:

8.1.  Market Size & Forecast

8.1.1.     By Value

8.2.  Market Share & Forecast

8.2.1.     By End User

8.2.2.     By Application

9.    Market Dynamics

9.1.  Drivers

9.2.  Challenges

10.  Market Trends & Developments

11.  Policy & Regulatory Landscape

12.  Saudi Arabia Economic Profile

13.  Competitive Landscape

13.1.              Competition Outlook

13.2.              Company Profiles (Top 10 Players)

13.2.1.  GH Cranes Arabia FZCO

13.2.1.1.      Company Details

13.2.1.2.      Products & Services

13.2.1.3.      Financials (As Reported)

13.2.1.4.      Key Market Focus & Geographical Presence

13.2.1.5.      Recent Developments

13.2.2.  Caterpillar Inc

13.2.3.  Hitachi Construction Machinery Limited

13.2.4.  Tadano Limited

13.2.5.  Liebherr Group

13.2.6.  Kobe Steel, Ltd

13.2.7.  HUTA Group

13.2.8.  ACT Crane & Heavy Equipment

13.2.9.  Grove Worldwide LLC

13.2.10.                RCF Co.Riyadh Cranes Co

 14. Strategic Recommendations

In case you don’t find what you are looking for, please get in touch with our custom research team at [email protected]