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Saudi Arabia Concrete Market Size, Share, Forecast: By Type: Ready-Mix Concrete, Pre-Cast Products, Pre-Cast Elements; By Application: Reinforced Concrete, Non-Reinforced Concrete; By End User Industry: Roads and Highways, Tunnels, Residential Buildings, Dams and Power Plants, Mining, Others; Competitive Landscape; 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.
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
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.
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
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Type |
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| Breakup by Application |
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| Breakup by End User Industry |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key industrial Trends
6 Market Snapshot
7 Opportunities and Challenges in the Market
8 Saudi Arabia Concrete Market Analysis
8.1 Key Industry Highlights
8.2 Saudi Arabia Concrete Historical Market (2018-2023)
8.3 Saudi Arabia Concrete Market Forecast (2024-2032)
8.4 Saudi Arabia Concrete Market by Type
8.4.1 Ready-Mix Concrete
8.4.1.1 Historical Trend (2018-2023)
8.4.1.2 Forecast Trend (2024-2032)
8.4.1.3 Breakup by Type
8.4.1.3.1 Transit Mix Concrete
8.4.1.3.2 Central Mix Concrete
8.4.1.3.3 Shrink Mix Concrete
8.4.2 Pre-Cast Products
8.4.2.1 Historical Trend (2018-2023)
8.4.2.2 Forecast Trend (2024-2032)
8.4.2.3 Breakup by Type
8.4.2.3.1 Paving Stones and Slabs
8.4.2.3.2 Bricks
8.4.2.3.3 AAC Blocks
8.4.2.3.4 Others
8.4.3 Pre-Cast Elements
8.4.3.1 Historical Trend (2018-2023)
8.4.3.2 Forecast Trend (2024-2032)
8.4.3.3 Breakup by Type
8.4.3.3.1 Facade
8.4.3.3.2 Floor
8.4.3.3.3 Building Blocks
8.4.3.3.4 Pipe
8.4.3.3.5 Others
8.5 Saudi Arabia Concrete Market by Application
8.5.1 Reinforced Concrete
8.5.1.1 Historical Trend (2018-2023)
8.5.1.2 Forecast Trend (2024-2032)
8.5.2 Non-Reinforced Concrete
8.5.2.1 Historical Trend (2018-2023)
8.5.2.2 Forecast Trend (2024-2032)
8.6 Saudi Arabia Concrete Market by End User Industry
8.6.1 Roads and Highways
8.6.1.1 Historical Trend (2018-2023)
8.6.1.2 Forecast Trend (2024-2032)
8.6.2 Tunnels
8.6.2.1 Historical Trend (2018-2023)
8.6.2.2 Forecast Trend (2024-2032)
8.6.3 Residential Buildings
8.6.3.1 Historical Trend (2018-2023)
8.6.3.2 Forecast Trend (2024-2032)
8.6.4 Dams and Power Plants
8.6.4.1 Historical Trend (2018-2023)
8.6.4.2 Forecast Trend (2024-2032)
8.6.5 Mining
8.6.5.1 Historical Trend (2018-2023)
8.6.5.2 Forecast Trend (2024-2032)
8.6.6 Others
9 Market Dynamics
9.1 SWOT Analysis
9.1.1 Strengths
9.1.2 Weaknesses
9.1.3 Opportunities
9.1.4 Threats
9.2 Porter’s Five Forces Analysis
9.2.1 Supplier’s Power
9.2.2 Buyer’s Power
9.2.3 Threat of New Entrants
9.2.4 Degree of Rivalry
9.2.5 Threat of Substitutes
9.3 Key indicators for Demand
9.4 Key indicators for Price
10 Value Chain Analysis
11 Competitive Landscape
11.1 Market Structure
11.2 Company Profiles
11.2.1 Abdel Hadi Abdullah Al Qahtani & Sons Group of Companies
11.2.1.1 Company Overview
11.2.1.2 Product Portfolio
11.2.1.3 Demographic Reach and Achievements
11.2.1.4 Certifications
11.2.2 Al Amam Factory for Concrete and Bricks
11.2.2.1 Company Overview
11.2.2.2 Product Portfolio
11.2.2.3 Demographic Reach and Achievements
11.2.2.4 Certifications
11.2.3 Al Fahd Company
11.2.3.1 Company Overview
11.2.3.2 Product Portfolio
11.2.3.3 Demographic Reach and Achievements
11.2.3.4 Certifications
11.2.4 Al Falwa Concrete Limited
11.2.4.1 Company Overview
11.2.4.2 Product Portfolio
11.2.4.3 Demographic Reach and Achievements
11.2.4.4 Certifications
11.2.5 Al Houssain & Al Afaliq Company HACO
11.2.5.1 Company Overview
11.2.5.2 Product Portfolio
11.2.5.3 Demographic Reach and Achievements
11.2.5.4 Certifications
11.2.6 Alian Industry Company
11.2.6.1 Company Overview
11.2.6.2 Product Portfolio
11.2.6.3 Demographic Reach and Achievements
11.2.6.4 Certifications
11.2.7 Sharqmix – Al Sharq Ready-Mix Concrete
11.2.7.1 Company Overview
11.2.7.2 Product Portfolio
11.2.7.3 Demographic Reach and Achievements
11.2.7.4 Certifications
11.2.8 Bina Ready-Mix Concrete Products
11.2.8.1 Company Overview
11.2.8.2 Product Portfolio
11.2.8.3 Demographic Reach and Achievements
11.2.8.4 Certifications
11.2.9 Others
12 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Saudi Arabia Concrete Market: Key industry Highlights, 2018 and 2032
2. Saudi Arabia Concrete Historical Market: Breakup by Type (USD Million), 2018-2023
3. Saudi Arabia Concrete Market Forecast: Breakup by Type (USD Million), 2024-2032
4. Saudi Arabia Concrete Historical Market: Breakup by Application (USD Million), 2018-2023
5. Saudi Arabia Concrete Market Forecast: Breakup by Application (USD Million), 2024-2032
6. Saudi Arabia Concrete Historical Market: Breakup by End User (USD Million), 2018-2023
7. Saudi Arabia Concrete Market Forecast: Breakup by End User (USD Million), 2024-2032
8. Saudi Arabia Concrete Market Structure
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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