New Market Report Now Available: Machine Tools in Saudi Arabia: Industrial Report
Market sales double from 2007, despite sharp 28% plunge in 2009. 97% of local demand served by imports; USA remains major supplier, while China strengthens its position. Local production remains limited; 11% of domestic output exported in 2012, down from 23% in 2007. Metalworking machines remains largest category; industry's profit margin up to 21% of total turnover in 2012. 10% CAGR in total turnover expected over 2013-2018; metalworking machines category to remain best performer.
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