Report Description

The Saudi Arabia Steel Rolling & Casting Market is anticipated to grow at a steady pace in the forecast period. 2024-2028 &. The steady demand from the building and infrastructure sector, as well as new application areas like solar energy and the automotive and transportation industries, may be attributed to the market's growth. The market also experienced significant growth in the years to come as a result of "Saudi Vision 2030" and large-scale projects like Al Widyan, Aseer Development Project, Jeddah Central Projects, among others. These projects contributed to the rise in demand for steel rolling and casting in Saudi Arabian, specifically in the Eastern, Central, Northern, Northwest, Midwest, and Southwest regions.

End-users have the ability to select the casting form and size based on the application owing to the considerable design flexibility that steel casting affords. Additionally, steel casting offers metallurgical adaptability, improved weldability, and high-temperature workability. Compared to other metal castings, steel castings provide more dependable goods. The steel rolling & casting industry is anticipated to grow as a result of shorter delivery times and higher production. These better steel casting properties will raise demand for them in various end-user industries, accelerating market growth.

Infrastructural Development
Urbanization and the general development of infrastructure are expected to boost the growth of the steel rolling and casting industry in Saudi Arabia. The development of affordable mass housing and a wide range of infrastructure projects in the hotel, education, and healthcare sectors, as well as the expansion of the steel rolling and casting business , will ensure its growth. For instance, recent upcoming mega projects in Saudi Arabia such as NEOM, Red Sea project, Middle East Green Iniatiavtive, Qiddiya, Amaala among others transforming the Saudi Arabia infrastructure sector in the upcoming year and are expected to impact the market growth of Steel rolling and casting. In addition, it is projected that the region's growing urbanization would boost demand for the steel rolling and casting industry in the following years.

Developments in the Healthcare Infrastructure
In Saudi Arabia the development of both commercial and governmental hospitals has increased significantly during the past ten years, resulting in considerable changes to the healthcare infrastructure. The Saudi government intends to invest more than USD 65 million in improving the nation's healthcare system as part of Saudi Vision 2030. Additionally, it plans to increase the private sector's participation from 40% to 65% by 2030, with 290 hospitals and 2,300 basic health facilities targeted for privatization. The major drivers of this expansion in healthcare infrastructure are the aging population's rising need for healthcare services as well as a variety of lifestyle-related illnesses, including diabetes, cardiovascular disease, etc. All of these variables are thus expected to advance Saudi Arabia's healthcare system. Therefore, all such factors are poised to propel Saudi Arabia’s healthcare infrastructure further, and ​hence the Saudi Arabia Steel Rolling & Casting market is expected to rise in the upcoming years.

Government InitiativesThe Saudi Vision 2030 was developed in order to diminish Saudi Arabia's dependency on oil, diversify its economy, and advance public services, including healthcare, infrastructure, education, entertainment, and tourism. One of the most important pillars of Saudi Vision 2030, which aims to promote economic development and sustainable growth throughout the Kingdom, is the infrastructure sector. By 2030, it was intended to raise the percentage of infrastructure from 15% to 25%. For example, Saudi Arabia intended to invest USD 16.01 billion in transportation infrastructure, USD 17.80 billion in municipal services, USD 60.92 billion in health and social development, and USD 64.74 billion in education to support the region's infrastructure industry. The government will continue to seek P3 agreements because of its objectives for budgetary sustainability and initiatives to enhance private sector participation in infrastructure development. Saudi Arabia intends to invest USD 348 billion in infrastructure projects over the next 20 years. As a consequence, the participation in infrastructure improvement in the Saudi Arabia area has boosted the Saudi Arabia Steel Rolling & Casting Market.


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Market Segmentation
The Saudi Arabia Steel Rolling & Casting Market is divided into type, application, regional distribution and competitive landscape. Based on Type, the market is divided into Steel Rolling & Steel Casting. Based on Application, the market is segmented into Automotive & Transportation, Building & Construction, Industrial, Mining, Power, and Others) 

Market Players
Major market players in the Saudi Arabia Steel Rolling & Casting Market are Saudi Cyprus Foundry Limited, Metal Casting Company Limited, Specialized Industrial Casting Company, Saudi Cast, Riyadh Foundry Company, Al-Ittefaq Steel Co., Ourini Steel, Saudi Iron & Steel Co. (Hadeed), Steel Rolling Co. and Solb Steel.

Attribute

Details

Base Year

2022

Historic Data

2018– 2021

Estimated Year

2023

Forecast Period

2024 – 2028

Quantitative Units

Revenue in USD Million, and CAGR for 2018-2022 and 2024-2028

Report Coverage

Revenue forecast, company share, growth factors, and trends

Segments Covered

Type

Application

Regional scope

Eastern, Central, Northern, Northwest, Midwest, and Southwest.

Key companies profiled

Saudi Cyprus Foundry Limited, Metal Casting Company Limited, Specialized Industrial Casting Company, Saudi Cast, Riyadh Foundry Company., Al-Ittefaq Steel Co., Ourini Steel, Saudi Iron & Steel Co. (Hadeed), Steel Rolling Co. and Solb Steel.

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, the Saudi Arabia Steel Rolling & Casting Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:

·         Saudi Arabia Steel Rolling & Casting Market, By Type:

o   Steel Rolling

o   Steel Casting

·         Saudi Arabia Steel Rolling & Casting Market, By Application:

o   Automotive & Transportation

o   Building & Construction

o   Industrial

o   Mining

o   Power

o   Others

·         Saudi Arabia Steel Casting Market, By Product Type:

o   Carbon Cast Steel 

o   Alloyed Cast Steel

·         Saudi Arabia Steel Casting Market, By Composition: 

o   Low Carbon Steel Castings

o   Medium Carbon Steel Castings

o   High Carbon Steel Castings

o   Low Alloy Steel Castings

o   Others

·         Saudi Arabia Steel Rolling Market, By Type:

o   Hot Rolled

o   Cold Rolled

·         Saudi Arabia Steel Rolling Market, Technology Type: 

o   Reversing

o   Continuous

·         Saudi Arabia Steel Rolling & Casting Market, By Region:

o   Eastern

o   Central

o   Northern

o   Northwest

o   Midwest

o   Southwest

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in the Saudi Arabia Steel Rolling & Casting Market.

Available Customizations:

With the given market data, Tech Sci 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).

Saudi Arabia Steel Rolling & Casting Market is an upcoming report to be released soon. If you wish an early delivery of this report or want to confirm the date of release, please contact us at [email protected]

Table of content

1.    Product Overview

2.    Research Methodology

3.    Impact of COVID-19 on Saudi Arabia Steel Rolling & Casting Market

4.    Executive Summary

5.    Voice of Customers

6.    Saudi Arabia Steel Rolling & Casting Market Outlook

6.1.  Market Size & Forecast

6.1.1.    By Value

6.2.  Market Share & Forecast

6.2.1.    By Type (Steel Rolling & Steel Casting)

6.2.2.    By Application (Automotive & Transportation, Building & Construction, Industrial, Mining, Power, Others)

6.2.3.    By Region

6.2.4.    By Company (2022)

6.3.  Market Map

7.    Saudi Arabia Steel Casting Market Outlook

7.1.  Market Size & Forecast

7.1.1.    By Value

7.2.  Market Share & Forecast

7.2.1.    By Product Type (Carbon Cast Steel and Alloyed Cast Steel)

7.2.2.    By Composition (Low Carbon Steel Castings, Medium Carbon Steel Castings, High Carbon Steel Castings, Low Alloy Steel Castings, Others)

7.2.3.    By Region

8.    Saudi Arabia Steel Rolling Market Outlook

8.1.  Market Size & Forecast

8.1.1.    By Value

8.2.  Market Share & Forecast

8.2.1.    By Type (Hot Rolled, Cold Rolled)

8.2.2.    By Technology Type (Reversing, Continuous)

8.2.3.    By Region

9.    Market Dynamics

9.1.  Drivers

9.1.1.    Rising of the Real Estate

9.1.2.    Increasing Investments in Infrastructure Development

9.1.3.    Increasing production of automotive vehicle bodies, aircraft bodies, ship body

9.2.  Challenges

9.2.1.    Environmental concerns

9.2.2.    Changes in supply chain

10. Market Trends & Developments

10.1.   Increasing the usage of anti-friction bearing in a roll press

10.2.   Government Initiatives

10.3.   Merger & Acquisitions

11. Policy & Regulatory Landscape

12. PORTER Analysis

13. Company Profiles

13.1.   Saudi Cyprus Foundry Limited

13.1.1. Business Overview

13.1.2. Key Revenue and Financials (If Available)

13.1.3. Recent Developments

13.1.4. Key Personnel

13.1.5. Key Product/Services

13.2.   Metal Casting Company Limited

13.2.1. Business Overview

13.2.2. Key Revenue and Financials (If Available)

13.2.3. Recent Developments

13.2.4. Key Personnel

13.2.5. Key Product/Services

13.3.   Specialized Industrial Casting Company

13.3.1. Business Overview

13.3.2. Key Revenue and Financials (If Available)

13.3.3. Recent Developments

13.3.4. Key Personnel

13.3.5. Key Product/Service

13.4.   Saudi Cast

13.4.1. Business Overview

13.4.2. Key Revenue and Financials (If Available)

13.4.3. Recent Developments

13.4.4. Key Personnel

13.4.5. Key Product/Service

13.5.   Riyadh Foundry Company

13.5.1. Business Overview

13.5.2. Key Revenue and Financials (If Available)

13.5.3. Recent Developments

13.5.4. Key Personnel

13.5.5. Key Product/Services

13.6.   Al-Ittefaq Steel Co

13.6.1. Business Overview

13.6.2. Key Revenue and Financials (If Available)

13.6.3. Recent Developments

13.6.4. Key Personnel

13.6.5. Key Product/Services

13.7.   Ourini Steel

13.7.1. Business Overview

13.7.2. Key Revenue and Financials (If Available)

13.7.3. Recent Developments

13.7.4. Key Personnel

13.7.5. Key Product/Services

13.8.   Saudi Iron & Steel Co. (Hadeed)

13.8.1. Business Overview

13.8.2. Key Revenue and Financials (If Available)

13.8.3. Recent Developments

13.8.4. Key Personnel

13.8.5. Key Product/Services

13.9.   Steel Rolling Co

13.9.1. Business Overview

13.9.2. Key Revenue and Financials (If Available)

13.9.3. Recent Developments

13.9.4. Key Personnel

13.9.5. Key Product/Services

13.10. Solb Steel

13.10.1. Business Overview

13.10.2. Key Revenue and Financials (If Available)

13.10.3. Recent Developments

13.10.4. Key Personnel

13.10.5. Key Product/Services

14. Strategic Recommendations

14.1.   Key focus on Eastern Region

14.2.   Key focus towards Application Segment

About Us & Disclaimer

Figures and Tables

Frequently asked questions

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Saudi Cyprus Foundry Limited, Metal Casting Company Limited, Specialized Industrial Casting Company, Saudi Cast, Riyadh Foundry Company, Al-Ittefaq Steel Co., Ourini Steel, Saudi Iron & Steel Co. (Hadeed), Steel Rolling Co. and Solb Steel one of the leading players in the Saudi Arabia Steel Rolling & Casting Market.

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The major segments in the Saudi Arabia Steel Rolling & Casting Market are type and application.

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Rising real estate market, increasing investments in infrastructure development, and increasing production of automotive vehicle bodies, aircraft bodies, and ship bodies are the major drivers of the Saudi Arabia steel rolling & casting market.

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Environmental concerns, and changes in the supply chain are the major challenges faced by the Saudi Arabia Steel Rolling & Casting Market.

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Srishti Verma

Business Consultant
Press Release

Saudi Arabia Steel Rolling & Casting Market is Expected to Register a Robust CAGR through 2028

Jan, 2023

Rising infrastructure activities & growing demand in the automotive industries are driving the Saudi Arabia Steel Rolling & Casting Market.