The market is dominated by foreign suppliers, as imports account for 82.3% of total market size in 2023. Investments drive market demand, with investments representing 70.3% of total demand in 2023. Saudi Arabia has the second largest market size for appliances for measuring, navigating and testing regionally, with demand reaching USD1.9 billion in 2023. Middle East Electric Meter Fty Co is the largest company in Saudi Arabia, generating 20.0% of the industry’s total production value in 2023. The industry is fragmented, with the top three companies generating 41.8% of total production value in 2023. The total number of companies increases in 2023, to 35 units. The costs of the industry decrease by 5.1% in 2023, largely driven by declining B2B costs. The industry’s profitability increases and stands at 41.1% of production value in 2023, the third highest regionally. The industry’s exports share increases in 2023 to 19.7% of total production output. With production value of USD334 million, Saudi Arabia accounts for 2.7% of the Middle East and North Africa total in 2023.
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This Euromonitor industrial report provides unique information on Appliances for Measuring, Navigating and Testing in Saudi Arabia: ISIC 3312. With this industrial report, you’ll be able to explore the industry from its sources of supply to its buyers. The Appliances for Measuring, Navigating and Testing in Saudi Arabia: ISIC 3312 report includes: Industry datagraphics including production data, exports, imports, cost structure, and profitability
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