The market is dominated by foreign suppliers, as imports account for 91.5% of total market size in 2022. Investments drive market demand, with investments representing 78.8% of total demand in 2022. Saudi Arabia has the fourth largest market size for machine tools regionally, with demand reaching USD535 million in 2022. Alaa For Industry is the largest company in Saudi Arabia, generating 15.0% of the industry’s total production value in 2022. The industry is fragmented, with the top two companies generating 24.1% of total production value in 2022. The total number of companies increases in 2022, to 84 units. The costs of the industry increase by 16% in 2022, largely driven by rising B2B costs. The industry’s profitability increases and stands at 16.1% of production value in 2022, the 12th highest regionally. The industry’s exports share decreases in 2022 to 5.3% of total production output. With production value of USD30.6 million, Saudi Arabia accounts for 3.9% of the Middle East and North Africa total in 2022.
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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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