Market Share of Saud Arabia Construction Equipment Industry
The Saudi Arabia construction machinery market is mostly characterized by the presence of numerous international companies, resulting in a highly competitive market environment.
The top seven players in the market account for around 67% of the market share, and the remaining 33% of the market share is dominated by other players, such as Sumitomo construction machinery, Doosan, and XCMG.
Major players are investing considerably in their R&D department in order to integrate innovation with excellence in performance. The demand for high performance, efficient, and safe handling equipment from the end market is expected to make the market more competitive over the forecast period.
Saudi Arabia Construction Equipment Market Leaders
Komatsu Ltd
Volvo Construction Equipment Corporation
Caterpillar Incorporation
Hitachi Construction Machinery Co. Ltd
Manitowoc Company Inc.
*Disclaimer: Major Players sorted in no particular order
