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Construction : Around the world | December 2015 | Source : Equipment India

Saudi´s CE market grows

According to 6Wresearch, Saudi Arabia construction equipment market is forecast to grow at a CAGR of 8.75 per cent during 2015-2021. Saudi Arabia construction equipment market is highly import-driven and consolidated market with few global players accounting for majority of the market.

Metal and mining is the major application of construction equipment market in the country, contributing to the maximum revenue in Saudi Arabia construction equipment market.

Rajat Kharbanda, Senior Consultant, Research and Consulting, 6Wresearch, said, ¨With the large number of mega projects coming up in the construction industry and expansion of public and private infrastructures in the country, the market is expected to witness growth trajectory in the Saudi Arabia construction market during the forecast period.¨

 
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