Saudi Arabia Metalworking Market Size

Saudi Arabia Metalworking Market Future Prospects

The Saudi Arabian metalworking market size is expected to grow from an estimated USD 298.5 million in 2024 to USD 350.4 million in 2030, at a CAGR of 2.7% from 2024 to 2030. Saudi Arabia is constructing infrastructure, including roads, buildings, and bridges, on war footing. These projects drive the demand for metals and metal products for machinery and structural elements.

The economy of Saudi Arabia is getting reshaped due to the shift from oil dependency to manufacturing. The country is forging agreements with global partners to improve their manufacturing capability, which results in the increase of metal working needs for supporting many industries, such as electronics & automotive.

As the economy of MEA is expanding, there is a growing prominence on developing manufacturing sectors. Metalworking is a fundamental aspect of manufacturing, which is mainly used in consumer goods, machinery manufacture, and industrial equipment.

Moreover, construction sector of KSA has been a driving force behind the progress and development of the country. As the Kingdom continues to advance its ambitious Vision 2030 objectives, the construction industry discovers itself at the center of transformative changes, thereby increasing the demand of metalwork.