The market is dominated by foreign suppliers, as imports account for 78.3% of total market size in 2024. Investments drive market demand, with investments representing 91.6% of total demand in 2024. Saudi Arabia has the fifth largest market size for agricultural and forestry machinery regionally, with demand reaching USD326 million in 2024. Akel Trading & Industrial Co is the largest company in Saudi Arabia, generating 12.1% of the industry’s total production value in 2024. The industry is fragmented, with the top four companies generating 30.0% of total production value in 2024. The total number of companies decreases in 2024, to 35 units. The costs of the industry decrease by 1% in 2024, largely driven by declining B2B costs. The industry’s profitability increases and stands at 24.8% of production value in 2024, the highest regionally. The industry’s exports share increases in 2024 to 9.6% of total production output. With production value of USD70.5 million, Saudi Arabia accounts for 3.0% of the Middle East and North Africa total in 2024.
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Overview:
This Euromonitor industrial report provides unique information on Agricultural and Forestry Machinery in Saudi Arabia: ISIC 2921. With this industrial report, you’ll be able to explore the industry from its sources of supply to its buyers. The Agricultural and Forestry Machinery in Saudi Arabia: ISIC 2921 report includes: Industry datagraphics including production data, exports, imports, cost structure, and profitability
The Machinery in Saudi Arabia report includes:
- Five year forecasts on industry’s historic trends and growth
- Insights on key factors shaping industry’s historic and future performance
- Historic data on industry’s turnover, market size, imports and exports
- Detailed overview of industry’s supply and demand structure
- Analysis of competitive landscape changes within the industry
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- What is the industry’s costs and demand structure?
- How profitable is the industry?
- Is industry’s competitive landscape concentrated or fragmented?
Agricultural and Forestry Machinery in Saudi Arabia: ISIC 2921
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MARKET OVERVIEW
Machinery
This is the aggregation of general purpose machinery and special purpose machinery.
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