The Saudi Arabia machine components market size is projected to exhibit a growth rate (CAGR) of 4.60% during 2025-2033. At present, with the advancement of large-scale projects under Vision 2030, contractors and developers continue to depend on effective and reliable machinery to adhere to deadlines and sustain productivity. This dependency is creating the need for high-performance machine components, such as gears, bearings, hydraulic systems, and engines. Besides this, increasing vehicle production is contributing to the expansion of the Saudi Arabia machine components market share.
Report Attribute
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Key Statistics
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Base Year
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2024
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Forecast Years
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2025-2033
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Historical Years
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2019-2024
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Market Growth Rate 2025-2033 | 4.60% |
Rising construction activities
Rising construction activities are positively influencing the market in Saudi Arabia. As per the IMARC Group, the Saudi Arabia construction market size was valued at USD 97.8 Billion in 2024. The government's focus on expanding cities, transportation networks, commercial spaces, and residential buildings is driving consistent demand for construction machinery and related components. As large-scale projects under Vision 2030 are moving forward, contractors and developers continue to rely heavily on efficient machinery to meet deadlines and maintain productivity. This dependency is creating the need for high-performance machine components, such as gears, bearings, hydraulic systems, and engines. These components play a key role in maintaining equipment durability and performance under challenging conditions. Additionally, local manufacturing units and repair services are experiencing growth as construction firms are seeking timely replacements and upgrades for machinery. The increasing complexity of construction tasks is further catalyzing the demand for specialized machine components tailored to meet specific performance and safety standards. Moreover, the growth of associated sectors like cement, steel, and logistics is contributing to the demand for various industrial machines.
Growing vehicle production
Increasing vehicle production is impelling the Saudi Arabia machine components market growth. According to industry reports, in 2024, 827,857 new light vehicles made their way onto Saudi roads, marking a strong 6.6% rise compared to 2023. As local manufacturing and assembly plants are expanding, there is an increasing need for engine components, transmission parts, braking systems, and suspension units. The rise in vehicle production is also encouraging investments in advanced machinery, which depends on reliable components to ensure efficiency and precision. Local sourcing of components is becoming essential to reduce costs and lead times, boosting domestic manufacturing of machine parts. Additionally, as vehicle models are becoming more technologically advanced, the need for specialized and high-performance components is high. This trend is supporting innovations and capacity building within the machine components sector. The growing automotive supply chain, including aftermarket services and exports, is further contributing to the steady demand, positioning the market as a critical element in Saudi Arabia’s industrial and transportation ecosystem.
Increasing demand from oil and gas industry
The oil and gas sector relies on machines like pumps, compressors, drilling rigs, and turbines, which require precision components for efficient operation. As exploration and production activities are growing, the need for reliable machine parts is increasing to ensure safety, uptime, and operational efficiency. As per the ITA, by March 2024, Saudi Arabia possessed approximately 17% of the world’s proven petroleum reserves and ranked as one of the largest net exporters of petroleum. Saudi Arabia had the second-largest proven oil reserves in the world. Components used in harsh environments must withstand high pressure, temperature, and corrosion, encouraging manufacturers to innovate and supply advanced materials and designs. This growing demand leads to greater investments in local manufacturing and customization of machine components. It also supports the development of a robust supply chain for maintenance and replacements.
IMARC Group provides an analysis of the key trends in each segment of the market, along with forecasts at the country and regional levels for 2025-2033. Our report has categorized the market based on component type, material, and end use industry.
Component Type Insights:
The report has provided a detailed breakup and analysis of the market based on the component type. This includes bearings, gears, fasteners, seals, couplings, and others.
Material Insights:
A detailed breakup and analysis of the market based on the material have also been provided in the report. This includes metals, plastics, and composites.
End Use Industry Insights:
The report has provided a detailed breakup and analysis of the market based on the end use industry. This includes automotive, aerospace, industrial machinery, electronics, construction, and others.
Regional Insights:
The report has also provided a comprehensive analysis of all the major regional markets, which include Northern and Central Region, Western Region, Eastern Region, and Southern Region.
The market research report has also provided a comprehensive analysis of the competitive landscape. Competitive analysis such as market structure, key player positioning, top winning strategies, competitive dashboard, and company evaluation quadrant has been covered in the report. Also, detailed profiles of all major companies have been provided.
Report Features | Details |
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Base Year of the Analysis | 2024 |
Historical Period | 2019-2024 |
Forecast Period | 2025-2033 |
Units | Million USD |
Scope of the Report |
Exploration of Historical Trends and Market Outlook, Industry Catalysts and Challenges, Segment-Wise Historical and Future Market Assessment:
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Component Types Covered | Bearings, Gears, Fasteners, Seals, Couplings, Others |
Materials Covered | Metals, Plastics, Composites |
End Use Industries Covered | Automotive, Aerospace, Industrial Machinery, Electronics, Construction, Others |
Regions Covered | Northern and Central Region, Western Region, Eastern Region, Southern Region |
Customization Scope | 10% Free Customization |
Post-Sale Analyst Support | 10-12 Weeks |
Delivery Format | PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |
Key Questions Answered in This Report:
Key Benefits for Stakeholders: