Saudi Arabia Concrete Market Introduction and Overview
According to SPER Market Research, the Saudi Arabia Concrete Market is estimated to reach USD XX billion by 2033 with a CAGR of XX%.
The report includes an in-depth analysis of the Saudi Arabia Concrete Market, including market size and trends, product mix, Applications, and supplier analysis. Concrete is a widely used construction material composed of water, cement, stones, gravel, and sand. The dry mixture, known as aggregate, is blended with fluid cement and hardens into a hard slab. Concrete's durability makes it an effective building material for a wide range of applications.
- Al Kifah Ready-Mix & Blocks (KRB) was the first company to supply ready-mix concrete to Neom Mountain Base Camp Trojena in August 2022. This facility houses about 400 lodging units and recreational facilities for Neom staff.
- Al Kifah Ready-Mix & Blocks (KRB) announced the release of their ConGreen reduced-CO2 concrete in March 2022. This concrete is composed of low-carbon components like pozzolan and is implanted with recovered CO2 technology, which can cut carbon emissions by 30%.
Market Opportunities and Challenges
Opportunities: The substantial population expansion and fast urbanization in Saudi Arabia are two of the main factors propelling the concrete market. New housing, commercial buildings, and infrastructure projects are in high demand as Saudi Arabia undergoes a demographic shift with a growing urban population. In order to diversify the economy and lessen reliance on oil, the Saudi government launched the Vision 2030 plan, which has resulted in a surge of investments in a number of industries, including infrastructure and real estate. Urbanization involves the construction of modern cities, residential complexes, and public amenities, all of which require large quantities of high-quality concrete. RMC delivers a dependable solution for these requirements, ensuring constant quality and quicker construction timelines. As more people move to cities, the construction sector must keep up with the demand for residential and commercial space, which will drive the RMC market forward.
Challenges: The Saudi Arabia Ready Mix Concrete (RMC) industry confronts major infrastructure and logistical issues, which have an impact on operational efficiency and cost. One of the main difficulties is the wide geographical distribution of construction projects throughout the country. Saudi Arabia's vast geography, combined with diverse topography and environmental conditions, creates logistical challenges for moving ready-mix concrete from batching plants to construction sites. Inadequate roads and transportation networks in rural or isolated areas can cause delivery delays and raise transportation expenses. These difficulties are made worse by the necessity of using big trucks to transport RMC, especially in cities where delivery schedules may be impacted by traffic jams and poor road conditions.
Market Competitive Landscape
The market's competitive environment has also been thoroughly examined in the market research report. The research has addressed competition analysis, including market structure, key player positioning, top winning tactics, competitive dashboard, and company evaluation quadrant. Additionally, thorough descriptions of every significant business have been supplied. Among the important participants are Abdel Hadi Abdullah Al Qahtani & Sons Group of Companies, Al Amam Factory for Concrete and Bricks, Al Fahd Company, Al Falwa Concrete Limited, Al Houssain & Al Afaliq Company HACO, Alian Industry Company, Sharqmix – Al Sharq Ready-Mix Concrete, Bina Ready-Mix Concrete Products.
Scope of the Report:
| Report Metric | Details |
| Market size available for years | 2020-2033 |
| Base year considered | 2023 |
| Forecast period | 2024-2033 |
| Segments covered | By Type, By Application, By End User Industry |
| Regions covered | Eastern Region, Western Region, Southern Region, Northern Region.
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| Companies Covered | Abdel Hadi Abdullah Al Qahtani & Sons Group of Companies, Al Amam Factory for Concrete and Bricks, Al Fahd Company, Al Falwa Concrete Limited, Al Houssain & Al Afaliq Company HACO, Alian Industry Company, Sharqmix – Al Sharq Ready-Mix Concrete, Bina Ready-Mix Concrete Products. |
COVID-19 Impact on Saudi Arabia Concrete Market
The concrete industry in Saudi Arabia has been significantly impacted by the COVID-19 outbreak. Lockdowns and travel restrictions caused several construction projects to be slowed down or temporarily halted during the early stages of the outbreak, which caused disruptions to the region's construction industry. Many construction sites had to restrict their workforce and adhere to strict safety regulations in order to stop the virus from spreading, which caused delays and raised project expenses.
By Type Insights
Ready-mix concrete accounts for a substantial portion of the Saudi Arabian concrete market due to the increased convenience of not having to mix and measure concrete on-site. Transit mix ready-mix concrete is made in a drum during transportation and then delivered to the job site. While transit mix is economical and appropriate for smaller projects, it can be time-consuming. For greater amounts of concrete, the central mix kind of ready-mix concrete is chosen, in which stationary mixers at central mixing plants combine the concrete before shipping. Central mixes cost more, but their forceful mixing decreases fuel consumption and minimizes the driver's time slumping.
Key Target Audience:
- Construction and Infrastructure Companies
- Government Agencies and Public Sector Entities
- Precast and Ready-Mix Concrete Producers
- Architects, Designers, and Engineers
- Oil and Gas Sector
- Retail and Wholesale Distributors
- Industrial and Manufacturing Firms
- Educational and Research Institutions
- Renewable Energy Developers
- Residential Property Developers
Our in-depth analysis of the Saudi Arabia Concrete Market includes the following segments:
| By Type: | Ready-Mix ConcretePre-Cast ProductsPre-Cast Elements |
| By Application: | Reinforced ConcreteNon-Reinforced Concrete |
| By End-User Industry: | Roads and HighwaysTunnelsResidential BuildingsDams and Power PlantsMiningOthers |
Key Topics Covered in the Report:
- Saudi Arabia Concrete Market Size (FY’2024-FY’2033)
- Overview of Saudi Arabia Concrete Market
- Segmentation of Saudi Arabia Concrete Market By Type (Ready-Mix Concrete, Pre-Cast Products, Pre-Cast Elements)
- Segmentation of Saudi Arabia Concrete Market By Application (Reinforced Concrete, Non-Reinforced Concrete)
- Segmentation of Saudi Arabia Concrete Market By End User Industry (Roads and Highways, Tunnels, Residential Buildings, Dams and Power Plants, Mining, Others)
- Statistical Snap of Saudi Arabia Concrete Market
- Expansion Analysis of Saudi Arabia Concrete Market
- Problems and Obstacles in Saudi Arabia Concrete Market
- Competitive Landscape in the Saudi Arabia Concrete Market
- Impact of COVID-19 and Demonetization on Saudi Arabia Concrete Market
- Details on Current Investment in Saudi Arabia Concrete Market
- Competitive Analysis of Saudi Arabia Concrete Market
- Prominent Players in the Saudi Arabia Concrete Market
- SWOT Analysis of Saudi Arabia Concrete Market
- Saudi Arabia Concrete Market Future Outlook and Projections (FY’2024-FY’2033)
- Recommendations from Analyst
1. Introduction
1.1. Scope of the report
1.2. Market segment analysis
2. Research Methodology
2.1. Research data source
2.1.1. Secondary Data
2.1.2. Primary Data
2.1.3. SPERs internal database
2.1.4. Premium insight from KOLs
2.2. Market size estimation
2.2.1. Top-down and Bottom-up approach
2.3. Data triangulation
3. Executive Summary
4. Market Dynamics
4.1. Driver, Restraint, Opportunity and Challenges analysis
4.1.1. Drivers
4.1.2. Restraints
4.1.3. Opportunities
4.1.4. Challenges
4.2. COVID-19 Impacts of the Saudi Arabia Concrete Market.
5. Market variable and outlook
5.1. SWOT Analysis
5.1.1. Strengths
5.1.2. Weaknesses
5.1.3. Opportunities
5.1.4. Threats
5.2. PESTEL Analysis
5.2.1. Political Landscape
5.2.2. Economic Landscape
5.2.3. Social Landscape
5.2.4. Technological Landscape
5.2.5. Environmental Landscape
5.2.6. Legal Landscape
5.3. PORTERs Five Forces
5.3.1. Bargaining power of suppliers
5.3.2. Bargaining power of buyers
5.3.3. Threat of Substitute
5.3.4. Threat of new entrant
5.3.5. Competitive rivalry
5.4. Heat Map Analysis
6. Competitive Landscape
6.1. Saudi Arabia Concrete Market Manufacturing Base Distribution, Sales Area, Product Type
6.2. Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in Saudi Arabia Concrete Market
7. Saudi Arabia Concrete Market, By Type (USD Million) 2020-2033
7.1. Saudi Arabia Concrete Market Size, Share and Forecast, By Type, 2020-2026
7.2. Saudi Arabia Concrete Market Size, Share and Forecast, By Type, 2027-2033
7.3. Ready-Mix Concrete
7.4. Pre-Cast Products
7.5. Pre-Cast Elements
8. Saudi Arabia Concrete Market, By Application (USD Million) 2020-2033
8.1. Saudi Arabia Concrete Market Size, Share and Forecast, By Application, 2020-2026
8.2. Saudi Arabia Concrete Market Size, Share and Forecast, By Application, 2027-2033
8.3. Reinforced Concrete
8.4. Non-Reinforced Concrete
9. Saudi Arabia Concrete Market, By End-User Industry (USD Million) 2020-2033
9.1. Saudi Arabia Concrete Market Size, Share and Forecast, By End-User Industry, 2020-2026
9.2. Saudi Arabia Concrete Market Size, Share and Forecast, By End-User Industry, 2027-2033
9.3. Roads and Highways
9.4. Tunnels
9.5. Residential Buildings
9.6. Dams and Power Plants
9.7. Mining
9.8. Others
10. Saudi Arabia Concrete Market Forecast, 2020-2033 (USD Million)
10.1. Saudi Arabia Concrete Market Size and Market Share
11. Saudi Arabia Concrete Market, By Region, 2020-2033 (USD Million)
11.1. Saudi Arabia Concrete Market Size and Market Share By Region (2020-2026)
11.2. Saudi Arabia Concrete Market Size and Market Share By Region (2027-2033)
11.3. Eastern Region
11.4. Western Region
11.5. Southern Region
11.6. Northern Region
12. Company Profile
12.1. Abdel Hadi Abdullah Al Qahtani & Sons Group of Companies
12.1.1. Company details
12.1.2. Financial outlook
12.1.3. Product summary
12.1.4. Recent developments
12.2. Al Amam Factory for Concrete and Bricks
12.2.1. Company details
12.2.2. Financial outlook
12.2.3. Product summary
12.2.4. Recent developments
12.3. Al Fahd Company
12.3.1. Company details
12.3.2. Financial outlook
12.3.3. Product summary
12.3.4. Recent developments
12.4. Al Falwa Concrete Limited
12.4.1. Company details
12.4.2. Financial outlook
12.4.3. Product summary
12.4.4. Recent developments
12.5. Al Houssain & Al Afaliq Company HACO
12.5.1. Company details
12.5.2. Financial outlook
12.5.3. Product summary
12.5.4. Recent developments
12.6. Alian Industry Company
12.6.1. Company details
12.6.2. Financial outlook
12.6.3. Product summary
12.6.4. Recent developments
12.7. Sharqmix – Al Sharq Ready-Mix Concrete
12.7.1. Company details
12.7.2. Financial outlook
12.7.3. Product summary
12.7.4. Recent developments
12.8. Bina Ready-Mix Concrete Products
12.8.1. Company details
12.8.2. Financial outlook
12.8.3. Product summary
12.8.4. Recent developments
12.9. Others
13. Conclusion
14. List of Abbreviations
15. Reference Links