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.
Report Attribute
|
Key Statistics
|
---|---|
Base Year
|
2024
|
Forecast Years
|
2025-2033
|
Historical Years
|
2019-2024
|
Market Size in 2024 | USD 682.15 Million |
Market Forecast in 2033 | USD 962.54 Million |
Market Growth Rate 2025-2033 | 3.90% |
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.
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:
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:
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:
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:
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 |
---|---|
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:
|
Material Types Covered | Steel, Aluminum, Others |
Service Types Covered | Casting, Forging, Machining, Welding and Tubing, Others |
End-Use Industries Covered | Manufacturing, Power and Utilities, Construction, Oil and Gas, 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: