The market is dominated by foreign suppliers, as imports account for 70.7% of total market size in 2023. Investments drive market demand, with investments representing 42.0% of total demand in 2023. Saudi Arabia has the second largest market size for electric lamps and lighting equipment regionally, with demand reaching USD1.1 billion in 2023. Al Fanar Co Ltd is the largest company in Saudi Arabia, generating 30.1% of the industry’s total production value in 2023. The industry is concentrated, with the top five companies generating 75.7% of total production value in 2023. The total number of companies increases in 2023, to 31 units. The costs of the industry decrease by 3.8% in 2023, largely driven by declining B2B costs. The industry’s profitability decreases and stands at 39.0% of production value in 2023, the highest regionally. The industry’s exports share increases in 2023 to 1.9% of total production output. With production value of USD279 million, Saudi Arabia accounts for 10.0% of the Middle East and North Africa total in 2023.
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This Euromonitor industrial report provides unique information on Electric Lamps and Lighting Equipment in Saudi Arabia: ISIC 315. With this industrial report, you’ll be able to explore the industry from its sources of supply to its buyers. The Electric Lamps and Lighting Equipment in Saudi Arabia: ISIC 315 report includes: Industry datagraphics including production data, exports, imports, cost structure, and profitability
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