The report provides an overview of the “Metal Working Market” industry including definitions, division, key vendors, key Development and market challenges. The Metal Working Market analysis is provided the international markets including development trends, competitive landscape analysis, and key regions development status
Through the statistical analysis, the report depicts the global Metal Working Market including capacity, production, production value, cost/profit, supply/demand and import/export. The entire market is further distributed by company, by country, and by application/type for the competitive landscape analysis.
Get a Sample Copy of the Report at – https://www.absolutereports.com/enquiry/request-sample/14099110
The Qatar Metal Working Market (henceforth referred to as the market studied) was valued at USD 1766.48 million in 2018, and is expected to grow with a CAGR of 4.84% over the forecast period of 2019-2024.
– Structural Steel Fabrication is the largest segment due to the extensive implementation of steel fabricated products in construction industry. The major demand in Qatar is due to the burgeoning construction projects with FIFA World Cup 2022 in sight.
– Industry and logistics has highest share among all the end users accounting to 41.11% in 2018. Heightened manufacturing activities and growing logistics in the region due to Qatar’s favorable geographic location has contributed to the market growth.
– Qatar’s strong economic policies, favorable government regulations and increasing number of infrastructural projects have been the major drivers for the market. Companies like Frijns Steel Construction Middle East, Steel Master, Pioneer Metal Company have benefited from the infrastructural growth.
Scope of the Report
A complete background analysis of the Qatar Metal Working Market, which includes an assessment of the economy and contribution of sectors in the economy, market overview, market size estimation for key segments, and emerging trends in the market segments, market dynamics, and logistics spending by the end-user industries, is covered in the report.
The Metal Working Market report also presents the vendor countryside and a corresponding detailed analysis of the major vendors operating in the market. Metal Working Market report analyses the market potential for each geographical region based on the growth rate, macroeconomic parameters, consumer buying patterns, and market demand and supply scenarios.
Key Market Trends
Architectural Steel Fabrication Segment
Architectural steel fabrication is emerging as a significant segment in the structural metal products sector. Key products in architectural steel fabrication include entrance gates, steel flush doors, rolling shutters, grills, and fencing, etc.
Key players in architectural steel fabrication are Gulf Steel, Qatar Metal Industries, Steel Master, Hadadco, Style Engineering, among others.
Furthermore, many players are looking to enter the market, since the manufacturing sector has become one of the most attractive investment opportunities in Qatar following the new legislation, which facilitates the process while providing investors with a slew of incentives.
But as per the steel consumption statistics of Middle East, an increased growth trend is observed in the key steel-using sectors, such as construction (3.2%), automotive (3.4%), machinery (2.9%), metal products (4.2%), transport (4.9%), and domestic appliances (4.2%) in 2016, when compared to 2015.
Hence, this indirectly signifies that the metal fabrication industry is growing and caters to all the above-mentioned sectors.
Booming Structural Steel Fabrication Segment
As of 2016, Qatar has 467 firms in the steel fabrication segment. Most steel fabrication units have capabilities to undertake both architectural steel fabrication and structural steel fabrication works. Based on their capacities, structural steel fabrication firms can be classified as large, medium, and small. Small-sized firms have capacities not greater than 380MT per annum. These units have less than 10 employees, and 30% of their capacities focus on structural steel fabrication works for small- to medium-sized projects, such as low-rise residential buildings and small commercial establishments.
Machining plays a key role in the structural steel fabrication segment. The country’s manufacturing sector led the way in 2017, by clocking exceptional growth and unprecedented expansion. Qatar has managed to attract huge investments into its manufacturing sector.
The growth of manufacturing establishments means the need for metalworking processes to manufacture products, thus creating demand for machining, which is one of the core metalworking processes. Machining basically encompasses a number of different manufacturing processes, such as milling, turning, drilling, tapping, etc.
Enquire Before Purchasing this Report – https://www.absolutereports.com/enquiry/pre-order-enquiry/14099110
Reasons to Purchase this Report
- Analyzing various perspectives of the market with the help of Porter’s five forces analysis
- Study on product type and application expected to dominate the market.
- Study on regions expected to witness fastest growth during the forecast period.
- Identify the latest developments, market shares and strategies employed by the major market players.
- 3 months’ analyst support along with the Market Estimate sheet (in excel).
Detailed Table of Content of Global Metal Working Market – Growth, Trends, Forecast and Challenges (2019 – 2024)
1.1 Study Deliverables
1.2 General Study Assumptions
2. Research Methodology
2.2 Analysis Methodology
2.3 Study Phases
2.4 Econometric Modelling
3. Executive Summary
4. Market Overview and Trends of Metal Working Market
4.2 Market Trends
4.3 Porter’s Five Force Framework
4.3.1 Bargaining Power of Suppliers
4.3.2 Bargaining Power of Consumers
4.3.3 Threat of New Entrants
4.3.4 Threat of Substitute Products and Services
4.3.5 Competitive Rivalry within the Industry
5. Market Dynamics of Metal Working Market
5.1.1 Increasing Production
5.1.2 Rising Demand
6. Global Metal Working Market Segmentation, By Capacity
7. Global Metal Working Market Segmentation, By Material Type
7.1 Type 1
7.2 Type 2
7.3 Type 3
8. Global Metal Working Market Segmentation, Segmented by Region
8.1 North America
8.1.1 United States
8.1.3 Rest of North America
8.2.4 Rest of Asia-Pacific
8.3.1 United Kingdom
8.3.5 Rest of Europe
8.4 Rest of the World
8.4.2 South Africa
9. Competitive Landscape and Introduction of Metal Working Market
9.2 Market Share Analysis
9.3 Developments of Key Players
10. Key Vendor Analysis (Overview, Products & Services, Strategies)
10.1 Company 1
10.2 Company 2
10.3 Company 3
And Many More….
No. of Pages: – 154
Purchase this Report (Price 3250 USD for a single-user license) https://www.absolutereports.com/purchase/14099110
About Absolute Reports:
Absolute Reports is an upscale platform to help key personnel in the business world in strategizing and taking visionary decisions based on facts and figures derived from in depth market research. We are one of the top report resellers in the market, dedicated towards bringing you an ingenious concoction of data parameters.
Name: Mr. Ajay More
Phone: US +1424 253 0807/ UK +44 203 239 8187
Mail id: [email protected]