Saudi Arabia truck loading arms
market is projected to grow from $ 1.17 million in 2018 to $ 1.55 billion by
2024, exhibiting a CAGR of 4.8% during 2019-2024, owing to huge investments in
petrochemical sector and oil refineries. A loading arm permits the transfer of
liquid or liquefied gas from one tank to another through an articulated pipe
system consisting of rigid piping and swivel joints to obtain flexibility. Transfer
to or from a truck transported tank requires a top loading arm or a bottom
loading arm. Moreover, various truck loading regulations imposed by Saudi
Arabia government are expected to positively influence the country’s truck
loading arms market during forecast period.
In terms of end user, Saudi Arabia truck loading
arms market has been categorized into Saudi Aramco, Non-Saudi Aramco and EPC
Contractor. Among the end users, Saudi Aramco accounted for the majority market
share in 2018 and is
expected to maintain its market dominance in coming years, on the back of
various investments planned by the company related to capacity expansion in the
country. Some of
the leading players in Saudi Arabia truck loading arms market are Emco Wheaton,
OPW Engineered Systems, TechnipFMC plc, Kanon Loading Equipment, Loadtec
Engineered Systems Ltd. and Oil & Gas Systems Limited.
Years considered for this report:
Historical Years: 2017
Base Year: 2018
Estimated Year: 2019
Forecast Period: 2020-2024
Objective of the
Study:
- To analyze and forecast Saudi Arabia truck loading arms market size.
- To forecast Saudi Arabia truck loading arms market based on
type, end user, EPC contractor and regional distribution.
- To identify drivers and challenges for Saudi Arabia truck loading
arms market.
- To examine competitive developments such as expansions, new product
launches, mergers & acquisitions, etc., in Saudi Arabia truck loading
arms market.
- To conduct the pricing analysis for Saudi Arabia truck loading arms
market.
- To identify and analyze the profile of leading players operating in
Saudi Arabia truck loading arms market.
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Some of the leading players in Saudi Arabia truck
loading arms market are Emco Wheaton, OPW Engineered Systems, TechnipFMC plc,
Kanon Loading Equipment, Loadtec Engineered Systems Ltd., ODS Metering Systems,
Saudi Thalate Group, Gulf Steel Works, Alderley plc and Oil & Gas Systems
Limited.
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 analyzed the product offerings,
distribution channels and presence of all major manufacturers across the globe.
TechSci Research calculated Saudi Arabia truck loading arms market size using a top down approach, where data for various applications across 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 analyzing 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:
- Truck loading arm
manufacturers
- Truck loading arm
distributors
- EPC contractors
- Organizations, forums and
alliances related to truck loading arms
- Market research and
consulting firms
The study is useful in providing answers
to several critical questions that are important for industry stakeholders such
as manufacturers, partners and end users. The study would also help them in
identifying which market segments should be targeted over the coming years in
order to strategize investments and capitalize on growth of the market.
Report Scope:
In this report, Saudi Arabia truck
loading arms market has been segmented into following categories, in
addition to the industry trends which have also been detailed below:
- Market, by Type
- Top Loading
- Bottom Loading
- Market, by End user
- Saudi Aramco
- Non-Saudi Aramco
- EPC Contractor
- Domestic
- Non-Saudi Arabia
Competitive Landscape
Company Profiles: Detailed analysis of the major
companies operating in Saudi Arabia truck loading arms 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.
In case you don’t find what
you are looking for, please get in touch with our custom research team at sales@techsciresearch.com