With production value of USD16.2 million, Saudi Arabia accounts for 2.2% of the Middle East and North Africa total in 2023. The industry’s exports share increases in 2023 to 18.0% of total production output. The industry’s profitability decreases and stands at 16.9% of production value in 2023, the 11th highest regionally. The costs of the industry decrease by 4.2% in 2023, largely driven by declining B2B costs. The total number of companies remains unchanged in 2023. Saudi Arabia has the fourth largest market size for bearings, gears, and driving elements regionally, with demand reaching USD370 million in 2023. Investments drive market demand, with investments representing 53.5% of total demand in 2023. The market is dominated by foreign suppliers, as imports account for 96.6% of total market size in 2023.
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This Euromonitor industrial report provides unique information on Bearings, Gears, and Driving Elements in Saudi Arabia: ISIC 2913. With this industrial report, you’ll be able to explore the industry from its sources of supply to its buyers. The Bearings, Gears, and Driving Elements in Saudi Arabia: ISIC 2913 report includes: Industry datagraphics including production data, exports, imports, cost structure, and profitability
This is the aggregation of general purpose machinery and special purpose machinery.
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