The market is dominated by foreign suppliers, as imports account for 91.4% of total market size in 2023. Investments drive market demand, with investments representing 81.5% of total demand in 2023. Saudi Arabia has the second largest market size for engines and turbines, except aircraft, vehicle and cycle engines regionally, with demand reaching USD1.0 billion in 2023. GE Energy Mfg Technology Center is the largest company in Saudi Arabia, generating 19.3% of the industry’s total production value in 2023. The industry is concentrated, with the top four companies generating 57.7% of total production value in 2023. The total number of companies remains unchanged in 2023. The costs of the industry decrease by 4.5% in 2023, largely driven by declining B2B costs. The industry’s profitability decreases and stands at 23.8% of production value in 2023, the ninth highest regionally. The industry’s exports share increases in 2023 to 83.0% of total production output. With production value of USD382 million, Saudi Arabia accounts for 21.2% of the Middle East and North Africa total in 2023.
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This Euromonitor industrial report provides unique information on Engines and Turbines, Except Aircraft, Vehicle and Cycle Engines in Saudi Arabia: ISIC 2911. With this industrial report, you’ll be able to explore the industry from its sources of supply to its buyers. The Engines and Turbines, Except Aircraft, Vehicle and Cycle Engines in Saudi Arabia: ISIC 2911 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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