GCC Machine Tools Market Overview:
The GCC machine tools market was worth US$ XX Billion in 2022, expanding at a CAGR of X% during 2017-2022. Looking forward, the market is projected to grow at a CAGR of around X% during 2023-2028, reaching a value of US$ XX Billion by 2028. Machine tools are instruments that are used for handling metal or other rigid materials by cutting, shearing, boring, or grinding. They push the solid materials using a power source, which is then processed using chemical, physical, and other methods. These tools consist of different parts, such as lathes, drilling machines, grinders, milling machines, and shapers and planers. They help in achieving product uniformity, reducing vibrations, and minimizing human interaction. Machine tools are made using carbon steel, cast alloys, high-speed steel, oxides, and diamonds. Broaching machines, gear shapers, drill presses, screw machines, power saws, and turning machines are some commonly available machine tools in the market. In the GCC region, various machine tools are available, ranging from large devices to small workbench-mounted instruments that are extensively deployed across the automotive, electronics, aerospace, and manufacturing industries.
The GCC machine tools market is primarily boosted by the growing number of small and medium enterprises (SMEs) in the region. The stringent evaluation criteria pertaining to product standardization and rising environmental awareness are acting as other growth-inducing factors. Moreover, the surging penetration of industrial automation trends to reduce manual workload and enhance productivity, supported by increasing investments in infrastructure development, such as railroads, highways, ports, and airports, are accelerating the market growth. In line with this, key market players are heavily investing in advanced technologies to introduce innovative machine tools, which is further positively contributing to the market growth. Besides this, the increasing product utilization in the automotive and medical sectors to produce lightweight vehicle parts and sophisticated medical instruments requiring utmost precision is propelling the market growth. Additionally, several companies in the GCC are focusing on automating their manufacturing processes, which, in turn, is creating a positive outlook for the market. Other factors, such as the rising exploration of new oil and gas fields, rapid technological advancement, and surging research and development (R&D) activities, are providing a considerable boost to the market.
Beginning with a regional overview, the report explores the dynamics that have a strong influence on the GCC machine tools market and can also impact its future growth. Taking 2022 as the base year, the report covers historical market scenario from 2017-2022 and provides forecasts till 2028. This includes the study of value and volume trends and pricing history. Growth inducing factors, market restraints and recent developments have also been analysed in the report in order to provide a deeper knowledge about the industry. On a regional basis, the report examines the GCC machine tools market in Saudi Arabia, United Arab Emirates, Qatar, Kuwait, Oman and Bahrain. For each of these regions, the report studies the GCC machine tools market in detail for latest trends, outlook and opportunities.
The report analyses the competitive structure of the GCC machine tools market industry and provides the profiles of major players operating in the market. The price margins for the products along with the various success and risk factors for manufacturers have also been covered in the report. Moreover, in order to determine market attractiveness, the report analyses the GCC machine tools market industry along the parameters of the Porter’s Five Forces model. This model examines the degree of competition in the GCC machine tools market industry by analysing the threat posed by new entrants and substitutes, and the bargaining power of suppliers and buyers. SWOT analysis of the market has also been presented in the report which highlights the strengths, weaknesses, opportunities and threats pertaining to the GCC machine tools market industry. Furthermore, the value chain analysis of the GCC machine tools market industry has also been covered in the report. This comprises of all the activities in the value chain, such as the procurement of various raw materials, manufacturing, sales and distribution.
GCC Machine Tools Market Segment Insights:
The GCC machine tools market has been analysed as followed:
By Tool Type:
By Technology Type:
ByEnd Use Industry:
By Country:
Country-wise, the market has been segmented into Saudi Arabia, United Arab Emirates, Qatar, Kuwait, Oman and Bahrain. Amongst these, Saudi Arabia represents the largest market, accounting for majority of the GCC region.
Competative Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players.
Highlights of the GCC Machine Tools Market Report:
Report Customisation:
The GCC machine tools market report can be customised as per your requirements. You can get in touch with our analyst, who will make sure that the report suits your research needs
1 Preface
2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Key Industry Trends
5 GCC Machine Tools Market
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast
6 Market Breakup by Tool Type
6.1 Metal Cutting
6.1.1 Market Trends
6.1.2 Market Forecast
6.2 Metal Forming
6.2.1 Market Trends
6.2.2 Market Forecast
6.3 Accessories
6.3.1 Market Trends
6.3.2 Market Forecast
7 Market Breakup by Technology Type
7.1 Conventional
7.1.1 Market Trends
7.1.2 Market Forecast
7.2 CNC (Computerized Numerical Control)
7.2.1 Market Trends
7.2.2 Market Forecast
8 Market Breakup by End Use Industry
8.1 Automotive
8.1.1 Market Trends
8.1.2 Market Forecast
8.2 Aerospace and Defense
8.2.1 Market Trends
8.2.2 Market Forecast
8.3 Electrical and Electronics
8.3.1 Market Trends
8.3.2 Market Forecast
8.4 Consumer Goods
8.4.1 Market Trends
8.4.2 Market Forecast
8.5 Precision Engineering
8.5.1 Market Trends
8.5.2 Market Forecast
8.6 Others
8.6.1 Market Trends
8.6.2 Market Forecast
9 Market Breakup by Country
9.1 Saudi Arabia
9.1.1 Market Trends
9.1.2 Market Breakup by Tool Type
9.1.3 Market Breakup by Technology Type
9.1.4 Market Breakup by End Use Industry
9.1.5 Market Forecast
9.2 UAE
9.2.1 Market Trends
9.2.2 Market Breakup by Tool Type
9.2.3 Market Breakup by Technology Type
9.2.4 Market Breakup by End Use Industry
9.2.5 Market Forecast
9.3 Qatar
9.3.1 Market Trends
9.3.2 Market Breakup by Tool Type
9.3.3 Market Breakup by Technology Type
9.3.4 Market Breakup by End Use Industry
9.3.5 Market Forecast
9.4 Oman
9.4.1 Market Trends
9.4.2 Market Breakup by Tool Type
9.4.3 Market Breakup by Technology Type
9.4.4 Market Breakup by End Use Industry
9.4.5 Market Forecast
9.5 Kuwait
9.5.1 Market Trends
9.5.2 Market Forecast
9.6 Bahrain
9.6.1 Market Trends
9.6.2 Market Forecast
10 SWOT Analysis
10.1 Overview
10.2 Strengths
10.3 Weaknesses
10.4 Opportunities
10.5 Threats
11 Value Chain Analysis
12 Porters Five Forces Analysis
12.1 Overview
12.2 Bargaining Power of Buyers
12.3 Bargaining Power of Suppliers
12.4 Degree of Competition
12.5 Threat of New Entrants
12.6 Threat of Substitutes
13 Price Analysis
14 Policy and Regulatory Landscape
15 Competitive Landscape
15.1 Market Structure
15.2 Key Players
15.3 Profiles of Key Players
List of Figures
Figure 1: GCC: Machine Tools Market: Major Drivers and Challenges
Figure 2: GCC: Machine Tools Market: Sales Value (in Million US$), 2017-2022
Figure 3: GCC: Machine Tools Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 4: GCC: Machine Tools Market: Breakup by Tool Type (in %), 2022
Figure 5: GCC: Machine Tools Market: Breakup by Technology Type (in %), 2022
Figure 6: GCC: Machine Tools Market: Breakup by End Use Industry (in %), 2022
Figure 7: GCC: Machine Tools Market: Breakup by Country (in %), 2022
Figure 8: GCC: Machine Tools (Metal Cutting) Market: Sales Value (in Million US$), 2017 & 2022
Figure 9: GCC: Machine Tools (Metal Cutting) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 10: GCC: Machine Tools (Metal Forming) Market: Sales Value (in Million US$), 2017 & 2022
Figure 11: GCC: Machine Tools (Metal Forming) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 12: GCC: Machine Tools (Accessories) Market: Sales Value (in Million US$), 2017 & 2022
Figure 13: GCC: Machine Tools (Accessories) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 14: GCC: Machine Tools (Conventional) Market: Sales Value (in Million US$), 2017 & 2022
Figure 15: GCC: Machine Tools (Conventional) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 16: GCC: Machine Tools (CNC- Computerized Numerical Control) Market: Sales Value (in Million US$), 2017 & 2022
Figure 17: GCC: Machine Tools (CNC- Computerized Numerical Control) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 18: GCC: Machine Tools (Automotive) Market: Sales Value (in Million US$), 2017 & 2022
Figure 19: GCC: Machine Tools (Automotive) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 20: GCC: Machine Tools (Aerospace and Defense) Market: Sales Value (in Million US$), 2017 & 2022
Figure 21: GCC: Machine Tools (Aerospace and Defense) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 22: GCC: Machine Tools (Electrical and Electronics) Market: Sales Value (in Million US$), 2017 & 2022
Figure 23: GCC: Machine Tools (Electrical and Electronics) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 24: GCC: Machine Tools (Consumer Goods) Market: Sales Value (in Million US$), 2017 & 2022
Figure 25: GCC: Machine Tools (Consumer Goods) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 26: GCC: Machine Tools (Precision Engineering) Market: Sales Value (in Million US$), 2017 & 2022
Figure 27: GCC: Machine Tools (Precision Engineering) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 28: GCC: Machine Tools (Other End Use Industries) Market: Sales Value (in Million US$), 2017 & 2022
Figure 29: GCC: Machine Tools (Other End Use Industries) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 30: Saudi Arabia: Machine Tools Market: Sales Value (in Million US$), 2017 & 2022
Figure 31: Saudi Arabia: Machine Tools Market: Breakup by Tool Type (in %), 2022
Figure 32: Saudi Arabia: Machine Tools Market: Breakup by Technology Type (in %), 2022
Figure 33: Saudi Arabia: Machine Tools Market: Breakup by End Use Industry (in %), 2022
Figure 34: Saudi Arabia: Machine Tools Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 35: UAE: Machine Tools Market: Sales Value (in Million US$), 2017 & 2022
Figure 36: UAE: Machine Tools Market: Breakup by Tool Type (in %), 2022
Figure 37: UAE: Machine Tools Market: Breakup by Technology Type (in %), 2022
Figure 38: UAE: Machine Tools Market: Breakup by End Use Industry (in %), 2022
Figure 39: UAE: Machine Tools Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 40: Qatar: Machine Tools Market: Sales Value (in Million US$), 2017 & 2022
Figure 41: Qatar: Machine Tools Market: Breakup by Tool Type (in %), 2022
Figure 42: Qatar: Machine Tools Market: Breakup by Technology Type (in %), 2022
Figure 43: Qatar: Machine Tools Market: Breakup by End Use Industry (in %), 2022
Figure 44: Qatar: Machine Tools Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 45: Oman: Machine Tools Market: Sales Value (in Million US$), 2017 & 2022
Figure 46: Oman: Machine Tools Market: Breakup by Tool Type (in %), 2022
Figure 47: Oman: Machine Tools Market: Breakup by Technology Type (in %), 2022
Figure 48: Oman: Machine Tools Market: Breakup by End Use Industry (in %), 2022
Figure 49: Oman: Machine Tools Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 50: Kuwait: Machine Tools Market: Sales Value (in Million US$), 2017 & 2022
Figure 51: Kuwait: Machine Tools Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 52: Bahrain: Machine Tools Market: Sales Value (in Million US$), 2017 & 2022
Figure 53: Bahrain: Machine Tools Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 54: GCC: Machine Tools Industry: SWOT Analysis
Figure 55: GCC: Machine Tools Industry: Value Chain Analysis
Figure 56: GCC: Machine Tools Industry: Porter’s Five Forces Analysis
List of Tables
Table 1: GCC: Machine Tools Market: Key Industry Highlights, 2022 and 2028
Table 2: GCC: Machine Tools Market Forecast: Breakup by Tool Type (in Million US$), 2023-2028
Table 3: GCC: Machine Tools Market Forecast: Breakup by Technology Type (in Million US$), 2023-2028
Table 4: GCC: Machine Tools Market Forecast: Breakup by End Use Industry (in Million US$), 2023-2028
Table 5: GCC: Machine Tools Market Forecast: Breakup by Country (in Million US$), 2023-2028
Table 6: GCC: Machine Tools Market: Competitive Structure
Table 7: GCC: Machine Tools Market: Key Players
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