Saudi Arabia’s construction equipment sector is set to accelerate from 37,272 units in 2024 to 52,621 units by 2030, marking a strong 5.9% CAGR, as mega infrastructure projects gather pace.
Key growth drivers include:
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Earthmoving segment leads, with excavators dominating, boosted by extensive public infrastructure upgrades under Vision 2030.
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Material handling equipment sees the highest demand growth, thanks to major port expansions like the USD 800 million Jeddah South Terminal upgrade, and new logistics parks, driving forklift and crane volumes.
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Road construction sees healthy momentum, with significant growth in rollers and pavers as Riyadh Metro and King Abdulaziz airport expansions progress.
Market outlook:
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The material handling market, valued at USD 1.77 billion in 2024, is projected to rise to USD 2.91 billion by 2030, growing at a robust 8.1% CAGR.
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Autonomous/semi-autonomous equipment sales are also set to ramp up—from USD 524 million in 2024 to USD 936 million by 2030, at an approx. 10.2% CAGR —indicating rising demand for smart equipment solutions.
Challenges ahead: rising construction costs, skill shortages (projected deficit of ~663,000 workers by 2030), and regulatory/environmental complexity could temper growth.
Top players remain global heavyweights—Caterpillar, Komatsu, Liebherr, Volvo CE, Hitachi—while regional and compact-equipment brands grow presence through tailored offerings .
