The Saudi Arabia Structural Steel Fabrication Market size is estimated at USD 2.21 billion in 2024, and is expected to reach USD 3.76 billion by 2029, growing at a CAGR of 11.30% during the forecast period (2024-2029).
The report covers the major players operating in the Saudi Arabia structural steel fabrication market. In terms of market share, the companies in the country compete heavily with no major share as small and medium-sized players majorly occupy the market. Hence, the market is highly competitive and fragmented.
Major regional players have been observed to venture into new regions, allowing the companies to improve their geographic reach. New competitors are entering the structural steel market with customized and industry-specific services. Some major players include Attieh Steel, Gulf Specialized Works, Station Contracting Ltd, Age Steel, and Absal Steel.
The Saudi Arabian structural steel market players have been showing a willingness to partner with other players to reduce costs and leverage mutual competitive advantage. Additionally, technology adoption has also helped reduce operational costs and improve efficiency.
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