DUBLIN--(BUSINESS WIRE)--Research and Markets has announced the addition of the "Saudi Arabia Construction Equipment Market (2017-2022): Forecast by Equipment Types, Verticals, Regions and Competitive Landscape" report to their offering.
Growing construction market, expansion of metros & airports, construction of new hotels & malls along with growing metal & mining sectors are some of the key factors which have fuelled growth of the construction equipment market in Saudi Arabia. However, the market declined majorly in 2015 & 2016 due to slowdown in the construction sector. The slowdown was recorded owing to lower government spending on account of declining oil prices which halted or delayed several infrastructure projects.
According to research, Saudi Arabia construction equipment market is projected to grow at a CAGR of 3.1% during 2017-22. Though, the market declined in last two years, but is anticipated to bounce back post 2018. In 2016, earthmoving equipment captured major share in the overall market followed by material handling equipment and cranes.
Amongst all the verticals, the construction vertical accounted for key market share and is expected to dominate in the forecast period due to growing investments in the country.
- Caterpillar Incorporation
- CNH Industrial N.V.
- Doosan Intracore Construction Equipment
- Hitachi Construction Machinery Co., Ltd.
- Kobelco Construction Machinery Co., Ltd
- Komatsu Ltd
- Manitowoc Company, Inc.
- Tadano Ltd.
Volvo Construction Equipment Corporation
Key Topics Covered:
1 Executive Summary
3 Global Construction Equipment Market Overview
4 Saudi Arabia Construction Equipment Market Overview
5 Saudi Arabia Construction Equipment Market Dynamics
6 Saudi Arabia Construction Equipment Market Trends
7 Saudi Arabia Mobile Crane Market Overview
8 Saudi Arabia Crawler Dozer Market Overview
9 Saudi Arabia Earthmoving Equipment Market Overview
10 Saudi Arabia Material Handling Equipment Market Overview
11 Saudi Arabia Dump Truck Market Overview
12 Saudi Arabia Aerial Work Platform Market Overview
13 Saudi Arabia Construction Equipment Market Overview, By Verticals
14 Saudi Arabia Construction Equipment Market Overview, By Regions
15 Competitive Landscape
16 Company Profiles
17 Key Strategic Pointers
For more information about this report visit http://www.researchandmarkets.com/research/grvsvz/saudi_arabia