The Saudi Arabia Trenchers Market is expected to witness stable growth over the forecast period driven by infrastructure development projects, rising construction activities and increasing tourism activities. In 2020, the COVID-19 pandemic led to halt in construction projects and ban on travelling across countries, results the limiting demand for catering services across various applications. Furthermore, restrictions of foreign pilgrims in Hajj and Umrah festivals also impacted the market. However, the market is expected to show robust growth on the back of large-scale development projects, increasing tourism and airline industry of the country, with $100 million worth of investments to launch a new airline service. Many factors in the country have been contributing to the evolvement of the industry.
According to the publisher, Saudi Arabia Trenchers Market revenue size is anticipated to grow at a CAGR of 10.7% during 2022-2028. The catering market in Saudi Arabia has grown over the past few years on account of shift of government expenditure to non-oil sectors from oil sectors, rising number of Inflight passengers, rise in construction, tourism, healthcare and education industry. Additionally, positive infrastructure outlook under initiatives such as Saudi Vision 2030 coupled with rising FDI and private sector investment would drive the catering market in the country. The industry is growing in the efficient manner and it will keep gaining growth as it is one of the most essential and lucrative i8ndustries in the nation. The Trenchers Market in Saudi Arabia is one of the most significant parts of the Middle East Trenchers Market. The government of the nation has been supporting the market in all possible ways. This sector will remain one of the prominent sectors in the future owing to the value it has been adding in the smooth progression of other industries.
Market by Types
In 2021, chain trenchers held the major revenue share in the Saudi Arabia Trenchers Industry due to numbers of new mega scale projects including construction roads, malls, mining sites etc. Chain trenchers segment will continue to maintain its dominance in the years to come owing to its rising demand.
Market by Applications
Bulk excavation has the largest revenue share in trenchers market by application, followed by the oil and gas sector. Further, expected growth in mining operations in would propel the demand for trenchers in bulk excavation application.
Key Attractiveness of the Report
- COVID-19 Impact on the Market.
- 11 Years Market Numbers.
- Historical Data Starting from 2018 to 2021.
- Base Year: 2022
- Forecast Data until 2028.
- Key Performance Indicators Impacting the Market.
- Major Upcoming Developments and Projects.
Key Highlights of the Report
- Saudi Arabia Trenchers market Overview
- Saudi Arabia Trenchers market Outlook
- Saudi Arabia Trenchers market Forecast
- Historical Data and Forecast of Saudi Arabia Trenchers Market Revenues & Volume for the Period 2018-2028F
- Historical Data and Forecast of Saudi Arabia Trenchers market Revenues & Volume, By Types, for the Period 2018-2028F
- Historical Data and Forecast of Saudi Arabia Trenchers Camera Market Revenues & Volume, By Camera Type, for the Period 2018-2028F
- Historical Data and Forecast of Saudi Arabia Trenchers Recorder Market Revenues & Volume, By Recorder Type, for the Period 2018-2028F
- Historical Data and Forecast of Saudi Arabia Trenchers market Revenues, By Applications, for the Period 2018-2028F
- Historical Data and Forecast of Saudi Arabia Trenchers market Revenues & Volume, By Countries, for the Period 2018-2028F
- Market Drivers and Restraints
- Saudi Arabia Trenchers market Trends
- Industry Life Cycle
- Porter’s Five Force Analysis
- Market Opportunity Assessment
- Saudi Arabia Trenchers market Revenue Share/Ranking, By Companies
- COVID-19 impact on Trenchers Market
- Competitive Benchmarking
- Company Profiles
- Key Strategic Recommendations
Market Scope and Segmentation
The report provides a detailed analysis of the following market segments:
By Types
- Wheel Trenchers
- Chain Trenchers
- Micro Trenchers
- Portable Trencher
- Tractor Mount Trenchers
By Applications
- Oil and Gas
- Bulk Excavation
- Telecommunication and power application
- Municipal application
- Other application
Table of Contents
1. Executive Summary
Companies Mentioned
- Trencor Ltd.
- Tesmec Middle East
- Inter-Drain
- MastenBroek
- Vermeer Middle East FZCO
- Ditch Witch Middle East
