With production value of USD514 million, Saudi Arabia accounts for 8.2% of the Middle East and North Africa total in 2023. The industry’s exports share increases in 2023 to 2.0% of total production output. The industry’s profitability increases and stands at 42.9% of production value in 2023, the highest regionally. The costs of the industry decrease by 4.4% in 2023, largely driven by declining B2B costs. The total number of companies increases in 2023, to 628 units. The industry is fragmented, with the top four companies generating 12.7% of total production value in 2023. Al Amara International Trading & Contracting Co is the largest company in Saudi Arabia, generating 4.4% of the industry’s total production value in 2023. Saudi Arabia has the third largest market size for electrical equipment for engines and vehicles regionally, with demand reaching USD1.3 billion in 2023. B2B drives market demand, with B2B spending representing 62.4% of total demand in 2023. The market is dominated by foreign suppliers, as imports account for 58.3% of total market size in 2023.
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This Euromonitor industrial report provides unique information on Electrical Equipment for Engines and Vehicles in Saudi Arabia: ISIC 319. With this industrial report, you’ll be able to explore the industry from its sources of supply to its buyers. The Electrical Equipment for Engines and Vehicles in Saudi Arabia: ISIC 319 report includes: Industry datagraphics including production data, exports, imports, cost structure, and profitability
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