Saudi Arabia Concrete Market Report and Forecast 2024-2032

Saudi Arabia Concrete Market Outlook

The Saudi Arabia concrete market size attained a volume of approximately 236.68 MMT in 2023. The market is further estimated to grow at a CAGR rate of 3.70% in the forecast period of 2024-2032, reaching a volume of around 328.77 MMT by 2032.

Key Trends in the Market

Concrete is a widely used building material made from mixture of water, cement, stones, gravel, and sand. The dry mixture is known as aggregate which is combined with a fluid cement, and it turns into a hard slab once it cures. The durability of concrete makes it an effective building component for a wide range of constructions.

• Easier and more cost-effective production of concrete is expected to be a key trend in the Saudi Arabia concrete market. Power consumption accounts for a considerable portion of production costs In cement plants in Saudi Arabia, therefore vendors are seeking alternatives to lower power consumption, and correspondingly concrete costs.

• The government of Saudi Arabia is heavily investing in residential and non-residential construction projects as a part of long-term country development planning. Increase in construction projects are expected to surge the demand for concrete, supporting the growth of the market.

• Ready-mix concrete has a substantial popularity in the Saudi Arabia concrete market as it reduces the time and hassle of mixing the aggregate, and the readymade concrete is delivered from the plant directly. Further product enhancements and improvements in supply likely to provide impetus to the concrete market in the country.

Saudi Arabia Concrete Market Analysis

Based on type, the market is divided into ready-mix concrete, pre-cast products, and pre-cast elements, with ready-mix concrete further segmented by type into transit mix concrete, central mix concrete, and share mix concrete. Pre-cast products are further categorised by type into paving stones and slabs, bricks, and AAC blocks, among others, while pre-cast elements sub-divided by type into are facade, floor, building blocks, and pipe, among others. By application, the Saudi Arabia concrete market is bifurcated into reinforced concrete, and non-reinforced concrete. On basis of end-user industry, the market is classified into roads and highways, tunnels, residential buildings, dams and power plants, and mining, among others.

The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the Saudi Arabia concrete market covering their competitive landscape and latest developments like mergers, acquisitions, investments, and expansion plans.

• 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 

• Others

Saudi Arabia Concrete Market Share by Type

Ready-mix concrete accounts for a sizable share of the Saudi Arabia concrete market due to the added convenience of pre-mixed concrete as it doesn’t need to be mixed and measured on site. In transit mix type of ready-mix concrete, the concrete mixture is prepared in a drum during transportation and then delivered to the job site. While transit mix is cost effective and suited for smaller projects, it can be time consuming.

For larger volumes of concrete, central mix type of ready-mix concrete is preferred where stationary mixers at central mixing plants are used to combine the concrete which is then transported. Central mixes are higher in cost, but their aggressive mixing reduces the fuel consumption, and eliminates the driver time for slumping. It also lowers the driver yard waiting time, thus making them a preferred option for larger plants.

Saudi Arabia Concrete Market Competitive Landscape

Abdel Hadi Abdullah Al Qahtani & Sons Group of Companies, founded in 1948, was an initial supplier of food products with its headquarters in Dammam, Saudi Arabia. The company later expanded into the domains of oil, petrochemicals, fertilisers, and refineries. The company also provides its services to public sectors of tourism and travel, however most of their market share relies on oil and gas.

Al Amam Factory for Concrete and Bricks is a supplier of ready-mix concrete to the public and private sectors. The company founded in 2008 has its headquarters in Dammam, Saudi Arabia, and has grown on a large scale in the past few years with the production of concrete mix, light weight blocks, hollow concrete, and thermal insulation.

Other market players include Al Fahd Company, Al Falwa Concrete Limited, Al Houssain & Al Afaliq Company HACO, Alian Industry Company, Sharqmix – Al Sharq Ready-Mix Concrete, and Bina Ready-Mix Concrete Products, among others.

Key Highlights of the Report

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Saudi Arabia Concrete Market Report Snapshots

Saudi Arabia Concrete Market Size

Saudi Arabia Concrete Market Share

Saudi Arabia Concrete Market Analysis

Saudi Arabia Concrete Companies