Saudi Arabia Metal Fabrication Market

Saudi Arabia Metal Fabrication Market Overview:

The Saudi Arabia metal fabrication market size reached USD 682.15 Million in 2024. Looking forward, IMARC Group expects the market to reach USD 962.54 Million by 2033, exhibiting a growth rate (CAGR) of 3.90% during 2025-2033. The market is driven by Saudi Arabia’s investments in industrial diversification under Vision 2030, with a strong focus on manufacturing, construction, and infrastructure. Along with this, the need for fabricated metals is also rising due to large-scale projects like NEOM and rapid urban expansion. Additionally, growing activity in the oil and gas and defense sectors supports consistent orders for specialized fabricated components, which is further augmenting the Saudi Arabia metal fabrication market share.

Saudi Arabia Metal Fabrication Market Trends:

Investments in Industrial Diversification and Vision 2030 Initiatives

Saudi Arabia's Vision 2030 is catalyzing significant investments in industrial diversification, directly influencing the growth of the market. With the Kingdom actively reducing its dependency on crude oil exports, emphasis has shifted toward creating value-added sectors such as construction, automotive, defense, and logistics. Apart from this, government-backed programs like the National Industrial Development and Logistics Program (NIDLP) are driving capital into metal-intensive industries, leading to sustained demand for fabricated metal components, including structural frames, storage vessels, and machinery parts. Also, the Public Investment Fund (PIF) plays a central role by funding industrial parks, logistics zones, and specialized economic cities such as King Salman Energy Park (SPARK) and NEOM. These zones attract domestic and foreign manufacturers that require localized fabrication capabilities. Concurrently, the expansion of railways, ports, and airports under the national infrastructure development plan creates long-term demand for metal products used in structural, mechanical, and support systems. For instance, the Kingdom is advancing major airport projects to bolster its aviation. The King Salman International Airport in Riyadh aims to become the world's largest airport. Spanning 57 square kilometers, the airport will feature six parallel runways and is projected to increase annual passenger capacity from 29 million to 120 million by 2030, with a further rise to 185 million by 2050. The design emphasizes sustainability, incorporating renewable energy and natural lighting, and includes residential, entertainment, and logistics zones.

Expanding Domestic Manufacturing Base

The manufacturing sector in the country is undergoing large-scale development, which is positively impacting the Saudi Arabia metal fabrication market growth. According to industry reports, the Saudi Arabian manufacturing sector propelled industrial growth to 2.1% in 2024. Moreover, the development of the manufacturing sector is fueled by a mix of incentives, industrial zoning reforms, and direct government financing aimed at improving local production capabilities. Priority sectors include automotive assembly, industrial equipment, renewable energy components, and heavy machinery, each of which relies heavily on customized fabricated metal inputs such as brackets, panels, sub-assemblies, and enclosures. Along with this, the Saudi Authority for Industrial Cities and Technology Zones (MODON) has actively promoted localized fabrication services by offering favorable lease rates, utility subsidies, and regulatory support to manufacturers within industrial cities. These efforts are leading to a gradual substitution of imported components with domestically produced fabricated parts. Additionally, the move toward contract manufacturing and OEM services has created demand for precision fabrication services, including CNC machining, laser cutting, and welding. With companies targeting regional exports from Saudi bases, metal fabrication now also serves pan-GCC markets, adding to overall volumes and driving investments in automation and efficiency upgrades among local fabricators.

Saudi Arabia Metal Fabrication Market Segmentation:

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 material type, service type, and end-use industry.

Material Type Insights:

• Steel
• Aluminum
• Others

The report has provided a detailed breakup and analysis of the market based on the material type. This includes steel, aluminum, and others.

Service Type Insights:

• Casting
• Forging
• Machining
• Welding and Tubing
• Others

A detailed breakup and analysis of the market based on the service type have also been provided in the report. This includes casting, forging, machining, welding and tubing, and others.

End-Use Industry Insights:

• Manufacturing
• Power and Utilities
• Construction
• Oil and Gas
• Others

The report has provided a detailed breakup and analysis of the market based on the end-use industry. This includes manufacturing, power and utilities, construction, oil and gas, and others.

Regional Insights:

• Northern and Central Region 
• Western Region 
• Eastern Region 
• Southern Region

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.

Competitive Landscape:

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.

Saudi Arabia Metal Fabrication Market News:

• On 20 August 2024, India’s MAN Industries (India) Ltd. announced it would invest approximately INR 600 Crore (about USD 72 Million) to establish a new pipe manufacturing and coating plant in Dammam, Saudi Arabia. The facility will focus on producing LSAW and HSAW line pipes, which involve key metal fabrication processes such as cutting and forming steel plates into cylindrical shapes. It also includes a coating unit, aiming to add 0.4–0.5 million tonnes to the company’s existing 1.1 million tonne capacity. The project is slated for completion within 12 months.

Saudi Arabia Metal Fabrication Market Report Coverage:

Key Questions Answered in This Report:

• How has the Saudi Arabia metal fabrication market performed so far and how will it perform in the coming years?
• What is the breakup of the Saudi Arabia metal fabrication market on the basis of material type?
• What is the breakup of the Saudi Arabia metal fabrication market on the basis of service type?
• What is the breakup of the Saudi Arabia metal fabrication market on the basis of end-use industry?
• What is the breakup of the Saudi Arabia metal fabrication market on the basis of region?
• What are the various stages in the value chain of the Saudi Arabia metal fabrication market? 
• What are the key driving factors and challenges in the Saudi Arabia metal fabrication market?
• What is the structure of the Saudi Arabia metal fabrication market and who are the key players?
• What is the degree of competition in the Saudi Arabia metal fabrication market? 

Key Benefits for Stakeholders:

• IMARC’s industry report offers a comprehensive quantitative analysis of various market segments, historical and current market trends, market forecasts, and dynamics of the Saudi Arabia metal fabrication market from 2019-2033.
• The research report provides the latest information on the market drivers, challenges, and opportunities in the Saudi Arabia metal fabrication market.
• Porter's five forces analysis assist stakeholders in assessing the impact of new entrants, competitive rivalry, supplier power, buyer power, and the threat of substitution. It helps stakeholders to analyze the level of competition within the Saudi Arabia metal fabrication industry and its attractiveness.
• Competitive landscape allows stakeholders to understand their competitive environment and provides an insight into the current positions of key players in the market.