The cement market in Saudi Arabia is forecasted to grow by USD 2248.06 mn during 2023-2028, accelerating at a CAGR of 6.27% during the forecast period. The report on the cement market in Saudi Arabia provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by launch of saudi vision 2030, increased government spending on infrastructure, and growth of housing mortgage sector.
Technavio's cement market in Saudi Arabia is segmented as below:
By Application
Residential
Commercial
By Type
Blended
Portland
Others
By Location
Central
Western
Southern
Eastern
Northern
This study identifies the construction of low-power-consuming cement plants as one of the prime reasons driving the cement market in Saudi Arabia growth during the next few years. Also, the use of alternative fuels and a high preference for ready-mix cement will lead to sizable demand in the market.
The report on the cement market in Saudi Arabia covers the following areas:
Cement market in Saudi Arabia sizing
Cement market in Saudi Arabia forecast
Cement market in Saudi Arabia industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading cement market in Saudi Arabia vendors that include Al Madina Cement Co., Al Rashed Cement Co., Al Safwa Ltd., Epcco Publishing Group Ltd., Hail Cement Co., Najran Cement Co., Northern Region Cement Co., Qassim Cement Co., Saudi Cement Co., Tabuk Cement Co., Umm Al Qura Cement Co., United Cement Industrial Co., Yamama Saudi Cement Co., and Yanbu Cement Co.. Also, the cement market in Saudi Arabia analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
1 Executive Summary
1.1 Market overview
Exhibit 01: Executive Summary - Chart on Market Overview
Exhibit 02: Executive Summary - Data Table on Market Overview
Exhibit 03: Executive Summary - Chart on Country Market Characteristics
Exhibit 04: Executive Summary - Chart on Market Segmentation by Application
Exhibit 05: Executive Summary - Chart on Market Segmentation by Type
Exhibit 06: Executive Summary - Chart on Market Segmentation by Location
Exhibit 07: Executive Summary - Chart on Vendor Market Positioning
2 Market Landscape
2.1 Market ecosystem
Exhibit 08: Parent market
Exhibit 09: Market Characteristics
3 Market Sizing
3.1 Market definition
Exhibit 10: Offerings of vendors included in the market definition
3.2 Market segment analysis
Exhibit 11: Market segments
3.3 Market size 2023
3.4 Market outlook: Forecast for 2023-2028
Exhibit 12: Chart on Saudi Arabia - Market size and forecast 2023-2028 ($ million)
Exhibit 13: Data Table on Saudi Arabia - Market size and forecast 2023-2028 ($ million)
Exhibit 14: Chart on Saudi Arabia: Year-over-year growth 2023-2028 (%)
Exhibit 15: Data Table on Saudi Arabia: Year-over-year growth 2023-2028 (%)
4 Historic Market Size
4.1 Cement market in Saudi Arabia 2018 - 2022
Exhibit 16: Historic Market Size - Data Table on cement market in saudi Arabia 2018 - 2022 ($ million)