With production value of USD504 million, Saudi Arabia accounts for 13.1% of the Middle East and North Africa total in 2023. The industry’s exports share increases in 2023 to 71.7% of total production output. The industry’s profitability increases and stands at 18.1% of production value in 2023, the 10th highest regionally. The costs of the industry decrease by 2.8% in 2023, largely driven by declining B2B costs. The total number of companies remains unchanged in 2023. The industry is fragmented, with the top four companies generating 34.2% of total production value in 2023. Al Zamil Offshore Services Co is the largest company in Saudi Arabia, generating 27.2% of the industry’s total production value in 2023. Saudi Arabia has the largest market size for ships and boats regionally, with demand reaching USD3.5 billion in 2023. Investments drive market demand, with investments representing 86.3% of total demand in 2023. The market is dominated by foreign suppliers, as imports account for 92.3% of total market size in 2023.
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This Euromonitor industrial report provides unique information on Ships and Boats in Saudi Arabia: ISIC 351. With this industrial report, you’ll be able to explore the industry from its sources of supply to its buyers. The Ships and Boats in Saudi Arabia: ISIC 351 report includes: Industry datagraphics including production data, exports, imports, cost structure, and profitability
This is the aggregation of aircraft and spacecraft, motors vehicles, trailers and semi-trailers, motocycles, bicycles and other transport equipment, railway and tramway locomotives and rolling stock, and ships and boats.
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