MARKET INSIGHT
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Industry
Machinery & Equipment
MARKET INSIGHT
Segment Rational
RATIONAL
Through 2030, all economic activities will grow in line with the direction of Vision 2030, creating substantial demand for Machinery & Equipment. Upcoming mega-projects such as NEOM will require large amounts of equipment during construction. KSA faces a great opportunity to localize M&E demand. in addtion, the industry is heavily influenced by significant innovation in industrial machinery manufacturing and operations (e.g., IoT, 3D printing, sensors) accelerating the growth of the M&E market. Globally, COVID-19 has raised awareness of the importance of building local capabilities to manufacture equipment required for operations, repair, and maintenance is a prerequisite to becoming self-sufficient and strengthening supply chain resilience.
Segment Trends and Value Proposition
SEGMENT TRENDS
Use of future technologies (IOT / Sensors).
Automation, Robotics, and AI/ML capabilities.
Composite Materials.
3D Printing Capabilities.
Trend towards after market Services.
Pandemic Impact.
Value Proposition
• The MEA region market reached a value of USD 47 bn, and Globally, the production of M&E reached USD 3.7 trillion in 2019, both will grow by 4% annually through 2030.
• Domestically, the M&E market is expected to grow at 3% annually between 2021 and 2040, providing a great localization opportunity given the current supply gap and expected demand growth.
• Significant demand due to upcoming Giga projects.
Main Applications and Imports Level
Growth Rate of Global Machinery and Equipment Market
• Majority of the global demand is driven by China, USA and Western Europe.
• Key segments include specialized machinery of industries, engines and turbines, pumps, compressors, automation systems among other.
• Other key drivers are demand for higher efficiency products, innovation in machinery types, urbanization and increased disposable income.
Growth Rate for MEA Machinery and Equipment Market
Large scale development projects are planned in region (e.g., Africa Rail and Energy Projects, Middle East Crude to chemical projects, GCC construction projects,NEOM.and NWC projects: Desalination, Wastewater and Network expansion projects.
KSA Machinery and Equipment Market Forecast
Top 10 Imports of Gasket Products (Mechanical Seals) by Country (2012 - 2022)
Export value of gasket products (mechanical seals) by region (2012 - 2022)
Oil and Gas Industry Equipment Imports by Country (2012 - 2022)
The Import Statistics for Oil and Gas Industry Equipment in Saudi Arabia
The Export Statistics for Oil and Gas Industry Equipment in Saudi Arabia
Gaskets (Mechanical Seals) Market Size in Tons
Growth rate of Valves Imports/Exports in KSA
The Valves category is a heavily imported product with nearly $1.4bn worth of goods being imported to the Kingdom in 2019.
Growth rate of Compressor Imports/Exports in KSA
The Air or Vacuum pump total imports in Kingdom amounted to $720 mn.
Growth rate of Transformers Imports/Exports in KSA
Transformers imports have reduced, reaching $535 mn in 2019, with existing capabilities for exports.
Growth rate of Electric Motors Imports/Exports in KSA
Electric Motors segment imported $145 mn worth of goods in 2019.
Growth rate of Switchgears Imports/Exports in KSA
The switchgears import have reduced however it remains a key segment with $695 mn worth for goods imported in 2019.
Growth Rate of Liquid Pumps Imports/Exports in KSA
Liquid Pumps is a significantly large market with ~ $745 mn worth of goods being imported to the country in 2019.
Import of 3D printer filament to Saudi Arabia (tons)
Import of 3D printer granules to Saudi Arabia (tons)
Import of 3D Printer Filament and 3D Printer Granules to Saudi Arabia by Country (Tons)
3D Printer Filament Export from Saudi Arabia (Tons)
Export of 3D printer granules from Saudi Arabia (tons)
3D Printer Filament and 3D Printer Pellets Market Size in Saudi Arabia
Future demand forecast for 3D printer filament and 3D printer pellets in Saudi Arabia (tons)
Global markets expect additive manufacturing to grow at the high rates of 15% to 21% over the period 2024 – 2033. For an emerging market such as KSA, the growth rates are expected to reach as high as 18% with the potential of reaching higher rates.
The market for additive manufacturing materials is expected to grow based on the vision’s 2030 goals of developing and diversifying the industrial sector and the country’s goal of becoming a global additive manufacturing leader.
Import of bearings to Saudi Arabia (tons)
Export of bearings from Saudi Arabia (tons)
Saudi Arabia's Market Size of Bearings
Future demand forecast for bearings in Saudi Arabia (tons)
Demand of Tubes and Pipes in KSA
Cables and Wiring Market Demand at GCC Countries
HVAC Market Demand at GCC Countries
Filtering Machinery Market Demand at GCC Countries
Electric Accumulators Market Demand at GCC Countries
Heat Exchangers and Boilers Market Demand at GCC Countries
Lightening Units and Components Market Demand at GCC Countries
Refrigerators and Freezers Market Demand at GCC Countries
Sensors Market Demand at GCC Countries
Global Robotics Manufacturing Market Size
Import of 3D printers to Saudi Arabia (tons)
Import volumes increased by a CAGR of 10.16% (2012 – 2023) reaching 14,581 tons in 2023* (preliminary data) with values increasing by 9.16% (2012 – 2023) reaching a peak of SAR 646 million in 2023* (preliminary data). In the most recent years, data also shows an increase in import volumes over the period 2012 – 2022 by a CAGR of 0.37%.
3D Printers Import to Saudi Arabia by Country (Tons)
:Imports By Country
UAE leads in volumes imported with a 27% share from imported volumes, followed by China, USA and Bahrain at 10%, 8% and 7% respectively.
UAE also leads on value of imports is with 20% of imported value, followed by China, USA and Bahrain at 20%, 12.5% and 12% respectively.
Export of 3D printers from Saudi Arabia (tons)
Saudi Arabia's Market Size of 3D Printers
Future Demand For 3D Printers In Saudi Arabia
The total market grew by around 9.58% over 2012 – 2023. Demand is expected to increase at a higher rate over the forecasted period 2023 – 2033. The forecast rate is based on the statistical analysis of the historical market performance and the expected industry growth rates. The market is expected to grow between a CAGR of 11% – 22% over 2023 – 2033.
3D Printing Equipment Market Demand at GCC Countries
3D Printing Market Size in Saudi Arabia (US$ Million)
Saudi Arabia HVAC Market (US$ Billion)
Saudi Arabia Flanges, Drilling Equipment, Pipes & Casings Market Size (in Tons)
The data and information provided through Daleel platform are for indicative purpose, the provided data and information can be assessed further and analyzed as part of the feasibility studies. In addition, following are other key sources of information that can be used for business case development.
Key Sources for Data
National Geological Database
Reliable national geological and topographic data repository for the whole kingdom of Saudi Arabia including geological and topographic maps, Mineral Occurrences Documentation System (MODS), geochemistry and geophysics data, borehole data, surface samples data and more.
Invest Saudi
For information about investment opportunities in the kingdom to both foreign and domestic investors, as well as private sector businesses please visit Invest Saudi
Tariff Rates and Data
Through the website of the Zakat, Tax and Customs Authority, you can find the tariff rates and data for all kinds of products.
Import Data
Through the website of General Authority for Statistics, you can find detailed data on Import Statistics for all kind of goods.
Export Data
Through the website of General Authority for Statistics, you can find detailed data on Export Statistics for all kind of goods.
Factories Directory
The Factories Directory is provided by the National Industrial Information Center to enable the user to inquire about factories in the Kingdom by activity, production and location, in addition to other data and information.
Ministry of Economy And Planning
A unified platform to present and analyze the latest economic and social the kingdom and its regions in visually interactive ways that facilitate understanding of the Saudi economic landscape.
ZADD
ZAADD is one of the services of the Nine Tenths program launched by the Human Resources Development Fund with the aim of developing small and medium-sized enterprises and making them job-producing institutions. The program also enjoys support from many data-providing entities.
