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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Saudi Arabia Concrete Market Size
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 Report Snapshots
Saudi Arabia Concrete Market Size
Saudi Arabia Concrete Market Share
Saudi Arabia Concrete Market Analysis
Saudi Arabia Concrete Companies
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
In 2023, the market reached an approximate volume of 236.68 MMT.
The market is expected to grow at a CAGR of 3.70% between 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032, reaching a value of around 328.77 MMT by 2032.
Major driving factors for the concrete market in Saudi Arabia include expansion of the construction sector, including residential and non-residential buildings, and increasing investments in infrastructural development.
The key trends of the market include lowering the production cost of the concrete plants, product developments, and increasing supply of ready-mix concrete.
The various types of concrete in the market are ready-mix concrete, pre-cast products, and pre-cast elements.
The leading applications in the concrete market in Saudi Arabia are reinforced concrete and non-reinforced concrete.
The key market players, according to the report, 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, and Bina Ready-Mix Concrete Products, among others.
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United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Australia
63 Fiona Drive, Tamworth, NSW
+61-448-061-727
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.
+63-287-899-028, +63-967-048-3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84-865-399-124