The rise of technology and the growing demand for e-commerce are helping fuel the growth of the construction industry particularly in the Middle East’s largest economy – Saudi Arabia. It is expected that the construction industry will rebound in 2021, with and record growth of 3.1% and expand at an annual average of 3.8% between 2022 and 2025. The Saudi Arabia construction machinery market is mostly characterized by the presence of numerous local contracting companies resulting in a highly competitive market environment for used heavy equipment. For recent mega projects in Saudi Arabia, please click here.
According to PlantAndEquipment.com insight data analysis, the top five most searched equipment volume from Saudi buyers are Trucks (25.01%), Wheel Loaders (13.32%), Excavators (12.83%), Cranes (7.72%), and Lifts (7.10%). Thus, segments from the logistics & transportation, construction and material handling are showing large interest throughout the Kingdom of Saudi Arabia.
Most enquired or requested from Saudi buyers were Excavators (21.12%), Trucks (14.92%), Lifts (13.96%), Wheel Loaders (10.14%), and Cranes (5.85%). Amongst Excavators, majority of the enquiries were targeting Tracked Excavators.
As for heavy machinery brands in demand, Caterpillar has been the most popular equipment brand buyers are requesting for followed by JCB (13.01%), Mercedes (7.28%), Doosan (5.25%), and Komatsu (4.42%).