Report Saudi Arabia - Derricks, Cranes, Mobile Lifting Frames, Straddle Carriers and Work Trucks Fitted With A Crane - Market Analysis, Forecast, Size, Trends and Insights for 499$

Report Update Nov 1, 2024

Saudi Arabia - Derricks, Cranes, Mobile Lifting Frames, Straddle Carriers and Work Trucks Fitted With A Crane - Market Analysis, Forecast, Size, Trends and Insights

Single report

Sent by email within 24h (Mon-Fri)

$599 Basic Edition

$2095 Professional Edition

What's the difference?

Subscription

Online access and download

from $350/month

Get instant access to more than 2 million reports, dashboards, and datasets on the IndexBox Platform.

View Pricing

Saudi Arabia: Crane Market 2024

Crane Market Size in Saudi Arabia

The Saudi crane market was finally on the rise to reach $X in 2022, after two years of decline. The market value increased at an average annual rate of +3.1% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption attained the peak level of $X. From 2017 to 2022, the growth of the market failed to regain momentum.

Crane Production in Saudi Arabia

In value terms, crane production reached $X in 2022 estimated in export price. Over the period under review, the total production indicated mild growth from 2012 to 2022: its value increased at an average annual rate of +1.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by +16.5% against 2019 indices. The most prominent rate of growth was recorded in 2015 when the production volume increased by 51% against the previous year. Over the period under review, production reached the peak level at $X in 2016; however, from 2017 to 2022, production stood at a somewhat lower figure.

Crane Exports

Exports from Saudi Arabia

Crane exports from Saudi Arabia skyrocketed to X units in 2022, with an increase of 47% against the previous year. In general, exports, however, saw a perceptible slump. The pace of growth was the most pronounced in 2014 with an increase of 1,879% against the previous year. Over the period under review, the exports hit record highs at X units in 2017; however, from 2018 to 2022, the exports remained at a lower figure.

In value terms, crane exports soared to $X in 2022. Overall, exports, however, saw a deep slump. The most prominent rate of growth was recorded in 2014 with an increase of 1,625%. The exports peaked at $X in 2015; however, from 2016 to 2022, the exports remained at a lower figure.

Exports by Country

The United Arab Emirates (X units) was the main destination for crane exports from Saudi Arabia, accounting for a 68% share of total exports. Moreover, crane exports to the United Arab Emirates exceeded the volume sent to the second major destination, Egypt (X units), fourfold. Kuwait (X units) ranked third in terms of total exports with a 7.3% share.

From 2012 to 2022, the average annual growth rate of volume to the United Arab Emirates stood at +6.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Egypt (+28.7% per year) and Kuwait (-16.1% per year).

In value terms, the United Arab Emirates ($X) remains the key foreign market for derricks, cranes, mobile lifting frames, straddle carriers and work trucks fitted with a crane exports from Saudi Arabia, comprising 61% of total exports. The second position in the ranking was held by Egypt ($X), with a 14% share of total exports. It was followed by Bahrain, with a 13% share.

From 2012 to 2022, the average annual rate of growth in terms of value to the United Arab Emirates totaled +5.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Egypt (+17.3% per year) and Bahrain (+20.9% per year).

Export Prices by Country

In 2022, the average crane export price amounted to $X per unit, surging by 2.6% against the previous year. Over the period under review, the export price, however, recorded a mild contraction. The pace of growth appeared the most rapid in 2019 an increase of 53% against the previous year. Over the period under review, the average export prices reached the peak figure at $X per unit in 2013; however, from 2014 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Bahrain ($X per unit), while the average price for exports to Egypt ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Kuwait (+6.3%), while the prices for the other major destinations experienced a decline.

Crane Imports

Imports into Saudi Arabia

In value terms, crane imports stood at $X in 2022. In general, imports recorded a deep downturn. The pace of growth was the most pronounced in 2013 when imports increased by 36% against the previous year. Over the period under review, imports hit record highs at $X in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In value terms, Germany ($X), China ($X) and Italy ($X) were the largest crane suppliers to Saudi Arabia, with a combined 65% share of total imports. Japan, South Korea, the United States, India, Austria, Spain and Turkey lagged somewhat behind, together comprising a further 28%.

In terms of the main suppliers, India, with a CAGR of +3.6%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for derricks, cranes, mobile lifting frames, straddle carriers and work trucks fitted with a crane in the world?

The country with the largest volume of crane consumption was China, comprising approx. 22% of total volume. Moreover, crane consumption in China exceeded the figures recorded by the second-largest consumer, the United States, twofold. Italy ranked third in terms of total consumption with a 5.1% share.

What are the largest producers of derricks, cranes, mobile lifting frames, straddle carriers and work trucks fitted with a crane in the world?

China remains the largest crane producing country worldwide, accounting for 24% of total volume. Moreover, crane production in China exceeded the figures recorded by the second-largest producer, the United States, threefold. The third position in this ranking was occupied by Germany, with an 8% share.

What are the leading suppliers of derricks, cranes, mobile lifting frames, straddle carriers and work trucks fitted with a crane to Saudi Arabia?

In value terms, the largest crane suppliers to Saudi Arabia were China, Germany and Japan, together accounting for 77% of total imports. These countries were followed by Italy, Austria, South Korea, India, Spain, Egypt, Indonesia, Brazil, the United Arab Emirates and Singapore, which together accounted for a further 15%.

What are the leading importers of derricks, cranes, mobile lifting frames, straddle carriers and work trucks fitted with a crane from Saudi Arabia?

In value terms, the largest markets for crane exported from Saudi Arabia were Cyprus, Ireland and Nigeria, with a combined 21% share of total exports. These countries were followed by Tanzania and Morocco, which together accounted for a further 2.2%.

What is the average export price for derricks, cranes, mobile lifting frames, straddle carriers and work trucks fitted with a crane in Saudi Arabia?

The average crane export price stood at $2,447 per unit in 2020, picking up by 4% against the previous year.

What is the average import price for derricks, cranes, mobile lifting frames, straddle carriers and work trucks fitted with a crane in Saudi Arabia?

The average crane import price stood at $46,176 per unit in 2020, declining by -28.3% against the previous year.

This report provides an in-depth analysis of the crane market in Saudi Arabia. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 28221420 - Overhead travelling cranes on fixed support
Prodcom 28221433 - Mobile lifting frames on tyres and straddle carriers
Prodcom 28221435 - Transporter cranes, gantry cranes and bridge cranes
Prodcom 28221440 - Tower cranes and portal or pedestal jib cranes
Prodcom 28221450 - Self-propelled lifting equipment, of a kind mounted to run on rails in servicing building sites, quarries and the like
Prodcom 28221460 - Lifting equipment designed for mounting on road vehicles
Prodcom 28221470 - Lifting equipment (excluding overhead travelling cranes, t ower, transporter, gantry, portal, bridge or pedestal jib cranes, mobile lifting frames or straddle carriers, selfpropelled machinery)

Country coverage:

Saudi Arabia

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Saudi Arabia
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023