Riyadh Construction Equipment Market Size and Share
| Study Period | 2019 - 2030 |
| Base Year For Estimation | 2024 |
| Forecast Data Period | 2025 - 2030 |
| Market Size (2025) | USD 0.74 Billion |
| Market Size (2030) | USD 1.05 Billion |
| CAGR (2025 - 2030) | 7.06% |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Riyadh Construction Equipment Market Analysis by Mordor Intelligence
The Riyadh Construction Equipment Market size is estimated at USD 0.74 billion in 2025, and is expected to reach USD 1.05 billion by 2030, at a CAGR of 7.06% during the forecast period (2025-2030).
Over the medium term, as construction activities ramp up, the demand for diverse construction equipment is poised to surge. This uptick is largely driven by government initiatives, such as stimulus packages, aimed at energizing the economy.
With housing costs on the decline, potential homebuyers find the market more inviting, spurring a rise in new home purchases. These dynamics are set to be instrumental in driving market growth during the forecast period, leading to heightened investments in construction projects and the requisite equipment.
Recent advancements in automation and telematics technologies have propelled the market's growth. The seamless integration of these technologies has optimized operations, making the market an attractive prospect for investors.
Riyadh Construction Equipment Market Trends and Insights
Excavators Hold Major Market Share
Excavators primarily fall into two categories: wheeled and crawler. Crawler excavators, favored for their cost-effectiveness and stability on rough terrains, often lead to sales. Their design features large, wide tracks that evenly distribute weight, minimizing tipping risks and enhancing traction.
While wheeled excavators offer swift movement on smooth surfaces, they come at a premium and may struggle on uneven ground. This has led many buyers to prefer the more affordable crawler excavators, which shine in demanding digging tasks and offer reliability across diverse construction sites.
Wheeled excavators have a financial advantage over their crawler counterparts. This is largely due to the expenses associated with maintaining and replacing undercarriages on crawler models. The process of refurbishing or replacing these components can prove to be both prohibitively expensive and significantly time-consuming, leading to increased downtime and higher overall operational costs. In contrast, wheeled excavators tend to require less frequent and less costly maintenance, making them a more economical choice over time.
Full-sized excavators are now integrating advanced technologies like telematics, boosting productivity and fuel efficiency. Telematics offers benefits like remote diagnostics, GPS tracking, and enhanced safety. Presently, large-scale fleet operators dominate telematics usage, leveraging the data for efficient equipment and operation management.
Key industry players are rolling out new excavator models in Riyadh, signaling a bullish outlook for the market. For instance,
- In August 2024, Zoomlion showcased its latest ZOOMLION excavators in Riyadh, Saudi Arabia's vibrant capital. The event, tailored for a batch delivery to local clientele, underscored Zoomlion's dedication to bolstering regional infrastructure. With their reputation for advanced technology and reliability, the excavators drew significant attention from industry experts and prospective buyers. This move solidifies Zoomlion's foothold in the Middle Eastern market.
With the above-mentioned development, the demand for excavators is likely to grow in the coming years.
Electric Segment Witness Significant Demand in the Coming Years
In response to the escalating climate crisis, key nations are hastening their transition to electric mobility solutions. With governments tightening emission standards to mitigate environmental harm, top electric vehicle manufacturers are taking proactive measures.
These companies are not just adhering to current regulations but are also rolling out next-gen products. They're gearing up for a predicted rise in consumer demand for cleaner, sustainable transport in the years ahead. This strategic shift underscores their dedication to curbing carbon footprints and positions them advantageously in the evolving electric mobility market.
The leading construction equipment manufacturers are channeling their efforts into crafting heavy-duty electric machinery, tailored for tough environmental challenges. Excavators, pivotal in diverse construction tasks, stand out among the equipment types.
Recent advancements in electrification have significantly enhanced these machines' performance and sustainability. Transitioning to electric excavators not only curtails carbon emissions but also mitigates the noise and vibration challenges of traditional diesel models. This makes them ideal for urban and ecologically sensitive sites. As technology evolves, the appetite for such electric machinery grows, underscoring a wider commitment to eco-friendliness in construction. For instance,
- In May 2023, Volvo Construction Equipment unveiled its latest battery-electric 23-ton excavator, aligning with the company's electrification roadmap and sustainable future vision.
Riyadh is rapidly emerging as a construction hotspot, spurred by the Saudi government's ambitious goal of elevating the city's population to 10 million by 2030. This growth initiative is part of a larger vision to bolster urban infrastructure and uplift living standards.
Consequently, Riyadh has become a magnet for international firms eyeing lucrative construction contracts. These firms are eager to engage in extensive projects, from residential complexes to public facilities, and play a role in Riyadh's evolution into a modern metropolis. With the government pouring substantial investments into infrastructure and urban planning, the construction sector is poised for collaboration and innovation, likely driving up the demand for electric construction equipment in the years to come.
Competitive Landscape
Key players like Caterpillar Inc., AB Volvo, Liebherr Group, and Komatsu Ltd. lead the Riyadh construction equipment market. With ongoing infrastructure development and the rollout of new construction equipment in the city, the market is poised for substantial growth in the coming years. For instance,
- In August 2024, HD Hyundai Infracore Co. sealed a significant deal to deliver 100 state-of-the-art excavators and wheel loaders. This agreement is with two prominent construction giants in Saudi Arabia: Saudi Pan Kingdom Company (SAPAC) and Nesma & Partners Contracting. The collaboration seeks to bolster these firms' operational prowess as they embark on vital infrastructure endeavors across the kingdom. Notably, the deal allocates 60 excavators and 40 wheel loaders for the Riyadh Ring Road Project.
- In August 2023, XCMG Machinery launched its new subsidiary in Riyadh, Saudi Arabia. This move aims to fortify the company's foothold in the region, establishing a comprehensive sales and service network in line with the nation's developmental aspirations. The newly minted Saudi subsidiary will cater to local clientele with a diverse range of services. Highlighted offerings encompass after-sales support, guaranteeing clients prompt post-purchase assistance. Additionally, the facility boasts a well-stocked spare parts warehouse, ensuring swift access to crucial components for equipment upkeep.
Riyadh Construction Equipment Industry Leaders
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Caterpillar Inc.
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Liebherr Group
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Komatsu Ltd.
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Manitowoc Company Inc.
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AB Volvo
- *Disclaimer: Major Players sorted in no particular order
Recent Industry Developments
- September 2024: Yuksel Saudia, a prominent player in Saudi Arabia's construction sector, partnered with Volvo Construction Equipment. Through this partnership, they have assembled a fleet nearing 2,000 heavy machinery units, prominently featuring 35 state-of-the-art wheeled excavators from Volvo.
- January 2024: WOLFFKRAN has inaugurated its equipment division in Riyadh. This move aligns with the nation's bold growth initiatives and infrastructure projects, catering to the escalating demands of the construction sector. WOLFFKRAN, dedicated to providing top-tier cranes and equipment, seeks to bolster efficiency and safety across regional construction sites.
Riyadh Construction Equipment Market Report Scope
Construction equipment is essential for the execution, completion, erection, operation, or maintenance of various construction projects. It plays a significant role in building roads, bridges, and dams, particularly in earthmoving tasks. Some construction equipment, such as excavators and wheel loaders, is also used in mining operations.
Riyadh construction equipment market is segmented by equipment type and drive type. By equipment type, the market is segmented into Cranes, Telescopic Handlers, Excavators, Loaders, Backhoes, Motor Graders, and Other Equipment Types. By drive type, the market is segmented into Internal Combustion Engine, Electric, and Hybrid. For each segment, the market sizing and forecast have been done based on the value (USD).
| Cranes |
| Telescopic Handlers |
| Excavators |
| Loaders |
| Backhoes |
| Motor Graders |
| Other Construction Equipment Types |
| Internal Combustion Engine |
| Electric and Hybrid |
| By Equipment Type | Cranes |
| Telescopic Handlers | |
| Excavators | |
| Loaders | |
| Backhoes | |
| Motor Graders | |
| Other Construction Equipment Types | |
| By Drive Type | Internal Combustion Engine |
| Electric and Hybrid |
Key Questions Answered in the Report
How big is the Riyadh Construction Equipment Market?
The Riyadh Construction Equipment Market size is expected to reach USD 0.74 billion in 2025 and grow at a CAGR of 7.06% to reach USD 1.05 billion by 2030.
What is the current Riyadh Construction Equipment Market size?
In 2025, the Riyadh Construction Equipment Market size is expected to reach USD 0.74 billion.
Who are the key players in Riyadh Construction Equipment Market?
Caterpillar Inc., Liebherr Group, Komatsu Ltd., Manitowoc Company Inc. and AB Volvo are the major companies operating in the Riyadh Construction Equipment Market.
What years does this Riyadh Construction Equipment Market cover, and what was the market size in 2024?
In 2024, the Riyadh Construction Equipment Market size was estimated at USD 0.69 billion. The report covers the Riyadh Construction Equipment Market historical market size for years: 2019, 2020, 2021, 2022, 2023 and 2024. The report also forecasts the Riyadh Construction Equipment Market size for years: 2025, 2026, 2027, 2028, 2029 and 2030.
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Riyadh Construction Equipment Market Report
Statistics for the 2025 Riyadh Construction Equipment market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Riyadh Construction Equipment analysis includes a market forecast outlook for 2025 to 2030 and historical overview. Get a sample of this industry analysis as a free report PDF download.
