The market is dominated by foreign suppliers, as imports account for 96.1% of total market size in 2022. Investments drive market demand, with investments representing 57.2% of total demand in 2022. Saudi Arabia has the third largest market size for bearings, gears, and driving elements regionally, with demand reaching USD382 million in 2022. The total number of companies decreases in 2022, to 13 units. The costs of the industry increase by 4.4% in 2022, largely driven by rising labour costs. The industry’s profitability decreases and stands at 15.5% of production value in 2022, the 11th highest regionally. The industry’s exports share decreases in 2022 to 1.6% of total production output. With production value of USD16.3 million, Saudi Arabia accounts for 3.2% of the Middle East and North Africa total in 2022.
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This Euromonitor industrial report provides unique information on Bearings, Gears, and Driving Elements in Saudi Arabia: ISIC 2913. With this industrial report, you’ll be able to explore the industry from its sources of supply to its buyers. The Bearings, Gears, and Driving Elements in Saudi Arabia: ISIC 2913 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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