The market is dominated by foreign suppliers, as imports account for 66.1% of total market size in 2022. Investments drive market demand, with investments representing 80.2% of total demand in 2022. Saudi Arabia has the second largest market size for engines and turbines, except aircraft, vehicle and cycle engines regionally, with demand reaching USD957 million in 2022. GE Energy Mfg Technology Center is the largest company in Saudi Arabia, generating 19.1% of the industry’s total production value in 2022. The industry is concentrated, with the top four companies generating 52.3% of total production value in 2022. The total number of companies decreases in 2022, to 20 units. The costs of the industry increase by 9% in 2022, largely driven by rising B2B costs. The industry’s profitability decreases and stands at 26.7% of production value in 2022, the seventh highest regionally. The industry’s exports share decreases in 2022 to 17.9% of total production output. With production value of USD323 million, Saudi Arabia accounts for 21.9% of the Middle East and North Africa total in 2022.
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This Euromonitor industrial report provides unique information on Engines and Turbines, Except Aircraft, Vehicle and Cycle Engines in Saudi Arabia: ISIC 2911. With this industrial report, you’ll be able to explore the industry from its sources of supply to its buyers. The Engines and Turbines, Except Aircraft, Vehicle and Cycle Engines in Saudi Arabia: ISIC 2911 report includes: Industry datagraphics including production data, exports, imports, cost structure, and profitability
This is the aggregation of general purpose machinery and special purpose machinery.
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