Saudi Arabia's Construction Equipment Market was estimated at 35,329 units in 2023, and is expected to reach 49,690 units by 2029, rising at a CAGR of 5.85%.

Earthmoving equipment accounted for the largest market share in the Saudi Arabia construction equipment market in 2023. Excavators in the earthmoving segment accounted for the largest share in 2023. Rising investment in housing, port expansion, and public infrastructure projects is expected to drive the demand for excavators in the Saudi Arabia construction equipment market.

Due to its sandy terrain, crawler excavators are mainly used for construction projects in Saudi Arabia. They account for a significant share of the total excavators sold in the country. The 20-ton excavator is extremely popular in the Saudi Arabia construction equipment industry. It has a massive market share, followed by the 50-ton excavator.

XCMG is involved in major projects like the Red Sea, NEOM, and DGDA and aims to support Saudi Arabia's Vision 2030 and the Belt and Road Initiative.

Saudi Arabia is positioning itself as a key global green hydrogen market player. The Saudi Arabia Public Investment Fund (PIF) is driving efforts to establish the world's largest green hydrogen production facility in NEOM, a planned smart city.

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