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Global Metal Working Market 2021 analysis with Key Players, Applications, Trends and Forecasts

 Metal Working

The report focuses on the favorable Global “ Metal Working market” and its expanding nature. The Metal Working market report provides a comprehensive study of the market segmentation, service providers, stockholders, sponsors, and important market players, size, and share, market dynamics such as the growth drivers, restraints, challenges, and opportunities.

Market Overview:

  • The 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 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 ‘s favorable geographic location has contributed to the market growth.
  • – ‘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 gro

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    Key Manufacturers

  • Solb26
  • Eversendai
  • BLUE STEEL FACTORY W.L.L.
  • CLIC Trading Company WLL
  • Reinforcement Company
  • Pioneer Metal Company
  • Technical International Co.
  • Al Watania Steel For Sections
  • National Aluminium Panel Co.
  • Axis Engineering & Mechanical Co.
  • Frijns Steel Construction Middle East
  • Gulf Steel & Engineering
  • Leo Steel Construction Company W.L.L.
  • Steel Master

    Market Dynamics: –

    • Drivers: (Developing regions and growing markets)
    • Limitations: (Regional, Key Player facing Issues, Future Barriers for growth)
    • Opportunities: (Regional, Growth Rate, Competitive, Consumption)

    Metal Working market report focuses on the latest trends in the global and regional spaces on all the significant components, including the capacity, cost, price, technology, supplies, production, profit, and competition. Moreover, the old data and present development of the Metal Working market have been given in the scope of the report. The latest trends, product portfolio, demographics, geographical segmentation, and regulatory framework of the Metal Working market have also been involved in the study.

    Scope of the Report:

  • A complete background analysis of the 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.

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    TOC of Metal Working Market Report Covered:

    Introduction, Research Methodology, Executive Summary, Key Inferences, Market Overview, Metal Working market Dynamics, Market Segmentation, Competitive Landscape, Key Players, Future of the Market, and continued…

    Reasons to Purchase Metal Working Market Report Covered:

    • The report analyses how Metal Working market will grow in the future.
    • Analyzing various perspectives of the Metal Working market with the help of Porter’s five forces analysis.
    • Study on the product type that is expected to dominate the market and regions that are expected to witness the fastest growth during the forecast period
    • Recognize the new developments, Metal Working market shares and policies employed by the major market players.
    • Competitive landscape including the Metal Working market share of major players along with the key policies accepted for development in the past five years
    • Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis and strategies employed by the major Metal Working market players

    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, 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 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, 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. 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.

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    Study objectives of Metal Working Market Report:

    • To provide a detailed analysis of the market structure along with the Metal Working market forecast of various segments and sub-segments of the Metal Working market
    • To provide insights into factors influencing and affecting market growth
    • To provide historical, current, and forecast revenue of market segments based on material, type, design, and end user
    • To provide historical, current, and forecast revenue of market segments and sub-segments with respect to regional markets and key countries
    • To provide strategic profiling of key players in the market, comprehensively analyzing their market shares, core competencies, and drawing a competitive landscape for the market
    • To provide economic factors, technology and Metal Working market trends that influence the global Metal Working market

    Detailed TOC of Metal Working Market Report 2019-2024:

    1 INTRODUCTION
    1.1 Scope of the Market
    1.2 Market Definition
    1.3 EXECUTIVE SUMMARY

    2 RESEARCH METHODOLOGY
    2.1 Study Deliverables
    2.2 Study Assumptions
    2.3 Analysis Methodology
    2.4 Research Phases

    3 MARKET INSIGHTS
    3.1 Current Market Scenario
    3.2 Technological Trends
    3.3 Government Regulations and Initiatives

    4 MARKET DYNAMICS
    4.1 Drivers
    4.2 Restraints
    4.3 Opportunities
    4.4 Porter’s Five Forces Framework
    4.5 Industry Value Chain Analysis

    5 METAL WORKING MARKET – BY PROCESS TYPE
    5.1 Structural Steel Fabrication
    5.2 Architectural Aluminum Fabrication
    5.3 Architectural Steel Fabrication
    5.4 Pre-Fabricated Buildings
    5.5 Pre-Engineered Buildings
    5.6 Others (Forging, pressing, stamping and roll- forming of metal; powder metallurgy, Treatment and coating of metals; machining, and Manufacture of other fabricated metal products)

    6 METAL WORKING MARKET – BY END-USER INDUSTRY
    6.1 Oil & Gas, Mining, Energy & Utilities, and Water
    6.2 Industrial & Logistics
    6.3 Building Construction
    6.4 Others (Electronics, Food Processing, Aviation)

    7 COMPETITIVE LANDSCAPE
    7.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
    7.2 Market Concentration Overview
    7.3 Strategies Adopted, by Major Players
    7.4 COMPANY PROFILES
    7.4.1 Solb26
    7.4.2 Eversendai
    7.4.3 BLUE STEEL FACTORY W.L.L.
    7.4.4 CLIC Trading Company WLL
    7.4.5 Reinforcement Company
    7.4.6 Pioneer Metal Company
    7.4.7 Technical International Co.
    7.4.8 Al Watania Steel For Sections
    7.4.9 National Aluminium Panel Co.
    7.4.10 Axis Engineering & Mechanical Co.
    7.4.11 Frijns Steel Construction Middle East
    7.4.12 Gulf Steel & Engineering
    7.4.13 Leo Steel Construction Company W.L.L.
    7.4.14 Steel Master

    8 APPENDIX
    8.1 Insights on Capital Flows
    8.2 Economic Statistics Metal Industry Contribution to Economy
    8.3 External Trade Statistics Export and Import, by Product
    8.4 Insights on Key Export Destinations Origin Countries
    8.5 Insights on Key Import

    9 INVESTMENT ANALYSIS

    10 FUTURE OF METAL WORKING MARKET

     

    Contact Us:

    Name: Ajay More

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    Email: [email protected]

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