Press release
Saudi Arabia Tooling Market to Reach USD 4.6 Billion by 2033
Base Year: 2024
Forecast Years: 2025-2033
Historical Years: 2019-2024
Market Size in 2024: USD 2.5 Billion
Market Forecast in 2033: USD 4.6 Billion
Market Growth Rate 2025-2033: 6.40%
Saudi Arabia Tooling Market Overview
The growth of the tooling market in Saudi Arabia has spread across consistent lines owing to factors such as increased industrialization, expansion in the manufacturing areas, and establishment of investments in infrastructural development. An initiative in the Vision 2030 agenda of the government has seen a diversification of the oil-dependent economy towards heavy demand for advanced tooling across numerous industries including, among other things, automotive, aerospace, and construction.
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Saudi Arabia Tooling Market Trend and Market Drivers
The Saudi Arabian tooling market is predominantly driven by rising demand for custom and sturdy tools across various end-user industries. Tooling solutions' design and production capabilities are reportedly enhanced by technological advancements such as utilizing CAD/CAM software and additive manufacturing techniques. Moreover, the increasing investment in mega infrastructure projects and industrial clusters is boosting demand for high-quality tools. Although supportive government policies aimed at applying foreign investments and local manufacturing create a conducive market atmosphere.
Saudi Arabia Tooling Market Segmentation
1. By Product Type
o Dies and Molds
o Jigs and Fixtures
o Gauges
o Others
2. By Material Type
o Steel
o Tungsten Carbide
o Others
3. By End Use Industry
o Automotive
o Electronics and Electrical
o Aerospace
o Marine
o Oil and Gas
o Others
Browse Full Report with TOC & List of Figure: https://www.imarcgroup.com/saudi-arabia-tooling-market
Saudi Arabia Tooling Market News
January 2025, Welspun partnered with Saudi Aramco to build an LSAW line pipe facility in Dammam with 350,000 MT annual capacity. The project boosted demand for advanced tooling systems, supporting precision manufacturing for oil, gas, hydrogen, and CCUS pipelines, enhancing local industrial capabilities.
November 2024, Rival Downhole Tools partnered with GOtech in Saudi Arabia to expand access to its advanced drilling tools, including STORM, AXE, and TORX motors. This strengthened local tooling capabilities, supported energy sector demand, and enhanced service delivery across Saudi Arabia's drilling operations.
Key Highlights of the Report
1. Market Performance (2019-2024)
2. Market Outlook (2025-2033)
3. COVID-19 Impact on the Market
4. Porter's Five Forces Analysis
5. Strategic Recommendations
6. Historical, Current and Future Market Trends
7. Market Drivers and Success Factors
8. SWOT Analysis
9. Structure of the Market
10. Value Chain Analysis
11. Comprehensive Mapping of the Competitive Landscape
Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as part of the customization.
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Contact Us
IMARC Group
134 N 4th St. Brooklyn, NY 11249, USA
Email: sales@imarcgroup.com
Tel No: (D) +91 120 433 0800
United States: +1-631-791-1145
About Us
IMARC Group is a global management consulting firm that helps the world's most ambitious changemakers create a lasting impact. The company provides a comprehensive suite of market entry and expansion services, including market assessment, feasibility studies, company incorporation assistance, factory setup support, regulatory approvals and licensing navigation, branding, marketing and sales strategies, competitive landscape and benchmarking analyses, pricing and cost research, and procurement research.
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