The market is dominated by foreign suppliers, as imports account for 95.1% of total market size in 2023. Investments drive market demand, with investments representing 82.3% of total demand in 2023. Saudi Arabia has the fourth largest market size for machine tools regionally, with demand reaching USD575 million in 2023. Alaa Industrial Equipment Factory is the largest company in Saudi Arabia, generating 14.6% of the industry’s total production value in 2023. The industry is fragmented, with the top two companies generating 23.5% of total production value in 2023. The total number of companies remains unchanged in 2023. The costs of the industry decrease by 3.5% in 2023, largely driven by declining B2B costs. The industry’s profitability decreases and stands at 17.0% of production value in 2023, the 12th highest regionally. The industry’s exports share increases in 2023 to 29.4% of total production output. With production value of USD26.8 million, Saudi Arabia accounts for 2.3% of the Middle East and North Africa total in 2023.
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This Euromonitor industrial report provides unique information on Machine Tools in Saudi Arabia: ISIC 2922. With this industrial report, you’ll be able to explore the industry from its sources of supply to its buyers. The Machine Tools in Saudi Arabia: ISIC 2922 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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