The market is dominated by domestic suppliers, as imports account for 32.5% of total market size in 2023. Investments drive market demand, with investments representing 43.8% of total demand in 2023. Saudi Arabia has the largest market size for cutlery, hand tools and general hardware regionally, with demand reaching USD4.5 billion in 2023. Mawad International Door Hardware Co is the largest company in Saudi Arabia, generating 0.8% of the industry’s total production value in 2023. The industry is fragmented, with the top one company generating 0.8% of total production value in 2023. The total number of companies increases in 2023, to 350 units. The costs of the industry decrease by 5.5% in 2023, largely driven by declining B2B costs. The industry’s profitability increases and stands at 43.2% of production value in 2023, the highest regionally. The industry’s exports share increases in 2023 to 0.8% of total production output. With production value of USD2.9 billion, Saudi Arabia accounts for 40.9% of the Middle East and North Africa total in 2023.
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This Euromonitor industrial report provides unique information on Cutlery, Hand Tools and General Hardware in Saudi Arabia: ISIC 2893. With this industrial report, you’ll be able to explore the industry from its sources of supply to its buyers. The Cutlery, Hand Tools and General Hardware in Saudi Arabia: ISIC 2893 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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