Qatar Metal Working Market Size
| Study Period | 2020 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2020 - 2022 |
| CAGR | > 4.50 % |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Qatar Metal Working Market Analysis
The Qatari metalworking market is expected to record a CAGR of 4.5% over the forecast period.
- The metalworking industry intends to use more cutting-edge technology (sensors, Internet of Things, and artificial intelligence) to preserve competitive advantage while it works through some of the present industry problems. Similar to all industrial industries, metalworking will also face obstacles and overcome them while taking advantage of new chances.
- The market for metalworking suffered due to the COVID-19 pandemic. Government-imposed import/export prohibitions, social distancing measures, and many regulations meant to prevent the spread of the virus severely disrupted industrial processes and stopped the cross-border supply chains for raw materials, thus impacting the market. As a result, the market suffered a severe financial blow.
- On the plus side, governments have been compelled to permit the manufacturing of different healthcare goods, beds, and other items with a constrained labor force, which has increased the demand for metal working equipment. However, as the economy improves and governments remove limitations on manufacturing, demand for metal fabrication equipment is expected to increase in the future.
- Qatar's strong economic policies, favorable government regulations, and an increasing number of infrastructural projects have been the major drivers for the market. Companies like Frijns Steel Construction Middle East, Steel Master, and Pioneer Metal Company have benefited from the infrastructural growth.
Qatar Metal Working Market Trends
This section covers the major market trends shaping the Qatar Metal Working Market according to our research experts:
The Metalworking Market Expands Due to the Rising Demand from the Oil and Gas Sector
Due to travel bans, the COVID-19 pandemic significantly affected the Qatari oil and gas industry's shipping, transportation, and industrial operations, which had an immediate effect on the demand for oil and gas in the country. During the forecast period, growing domestic oil and gas production is anticipated to boost the Qatari oil and gas market. However, the introduction of renewable energy sources as part of measures to diversify the power-generating mix is anticipated to impede market expansion during the forecast period.
Since most of the nation's oil and gas-producing fields are located in the Persian Gulf, the upstream sector is predicted to dominate the market over the forecast period. The country's northern gas basins, which include the South Pars field, are produced by both Iran and Qatar.
According to recent research, the North Field's productive strata go deep into Qatari territory in Ras Laffan. This finding may provide an opportunity for future natural gas production projects in the north of Qatar, providing enormous prospects for market participants in the future.
Increased Utilization of Fabrication Techniques Boosting the Market
It is predicted that the growing need for effective fabrication techniques and machining will pave the way for the market's expansion. The market is also being driven ahead by the expanding need for programmed production procedures in the element fabrication sector, which help provide reliable manufacturing amenities by eliminating all risky activities like welding and cutting to cyborgs.
The increasing demand and supply for metal fabrication across several industries, including manufacturing, aerospace, military, and automotive, may further fuel the metal fabrication market in the country.
The growing need for pre-programmed manufacturing techniques in the element fabrication sector may propel the market's growth. The implementation of different cutting-edge technologies is also anticipated to enhance the supply chain, supporting the market's expansion.
The employment of cutting-edge technology has not changed much during the last two football world cups. The organizers use cutting-edge technology during every world cup to ensure the smooth functioning of the event. However, given the rapid development of AI and AR/VR technology, the 2022 FIFA World Cup in Qatar was anticipated to usher in a technological revolution.
Qatar Metal Working Industry Overview
The Qatari metalworking market is fragmented in nature. In terms of market share, few of the major players currently dominate the market. However, with technological advancement and product innovation, mid-size to smaller companies are increasing their market presence by securing new contracts and tapping new markets.
Some of the major players are Eversendai Group, Qatar Blue Steel Factory WLL, CLIC Qatar Trading Company WLL, Qatar Reinforcement Company, and Pioneer Metal Company.
Qatar Metal Working Market Leaders
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Eversendai Group
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Qatar Blue Steel Factory WLL
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CLIC Qatar Trading Company WLL
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Qatar Reinforcement Company
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Pioneer Metal Company
*Disclaimer: Major Players sorted in no particular order
Qatar Metal Working Market News
October 2022: An AED 15 million (USD 4.08 Million) production facility was opened at the Hamriyah Free Zone by Reliable Engineering & Fabrication, a renowned company in the design, engineering, manufacture, and installation of all types of light to heavy metal fabrications with coating systems. The world-class structural steel fabricator hopes to serve the needs of the oil and gas, marine, and wind farming sectors through its new facility, which has a floor area of more than 150,000 square feet.
September 2022: Watania Steel (WS) plans to increase its output by incorporating new items into its current line-up. A 500,000 t/yr rebar and wire rod mill will be put into operation by the steel manufacturer in Riyadh next to its present manufacturing facilities. This move comes after in-depth research on Saudi Arabia's demand patterns and new product introductions for over a year. After commissioning, WS's capacity for rebar and wire rods will be greater than 750,000 t/y. The provision of finished goods may satisfy Saudi Arabia's and its neighboring nations' rising demand.
Qatar Metal Working Market Report - Table of Contents
1. INTRODUCTION
1.1 Study Assumptions
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS AND INSIGHTS
4.1 Current Market Scenario
4.2 Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunities
4.3 Porter's Five Forces Analysis
4.3.1 Threat of New Entrants
4.3.2 Bargaining Power of Buyers/Consumers
4.3.3 Bargaining Power of Suppliers
4.3.4 Threat of Substitute Products
4.3.5 Intensity of Competitive Rivalry
4.4 Value Chain/Supply Chain Analysis
4.5 Impact of COVID-19 on the Market
5. MARKET SEGMENTATION
5.1 By Process Type
5.1.1 Structural Steel Fabrication
5.1.2 Architectural Aluminum Fabrication
5.1.3 Architectural Steel Fabrication
5.1.4 Pre-fabricated Buildings
5.1.5 Pre-Engineered Buildings
5.1.6 Other Process Types (Forging, Pressing, Stamping and Roll-forming of Metal; Powder Metallurgy, Treatment and Coating of Metals; Machining, and Manufacture of Other Fabricated Metal Products)
5.2 By End-user Industry
5.2.1 Oil and Gas, Mining, Energy and Utilities, and Water
5.2.2 Industrial and Logistics
5.2.3 Building Construction
5.2.4 Other End-user Industries (Electronics, Food Processing, and Aviation)
6. COMPETITIVE LANDSCAPE
6.1 Market Concentration Overview
6.2 Company Profiles
6.2.1 Eversendai Qatar
6.2.2 Qatar Blue Steel Factory WLL
6.2.3 CLIC Qatar Trading Company WLL
6.2.4 Qatar Reinforcement Company
6.2.5 Pioneer Metal Company
6.2.6 Qatar Technical International Co.
6.2.7 Al Watania Steel
6.2.8 Qatar National Aluminium Panel Co.
6.2.9 Axis Engineering & Mechanical Co.
6.2.10 Frijns Steel Construction Middle East*
- *List Not Exhaustive
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
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
Qatar Metal Working Industry Segmentation
Metalworking is the process of shaping and forming metals to create and design functional structures, equipment components, and instrumentation. Usually divided into the categories of forming, cutting, and joining, metalworking tasks may include techniques like cutting, welding, casting, and molding. Metals such as steel, aluminum, gold, silver, bronze, and iron are among the ferrous and non-ferrous materials used in metalworking equipment.
The Qatari metalworking market is segmented by process type (structural steel fabrication, architectural aluminum fabrication, architectural steel fabrication, pre-fabricated buildings, and pre-engineered buildings) and end-user industry (oil and gas, mining, energy and utilities, and water, industrial and logistics, building construction and other end-user industries (electronics, food processing, and aviation)). The report offers the market sizes and forecasts in value (USD billion) for all the above segments. The report also covers the impact of COVID-19 on the market.
| By Process Type | |
| Structural Steel Fabrication | |
| Architectural Aluminum Fabrication | |
| Architectural Steel Fabrication | |
| Pre-fabricated Buildings | |
| Pre-Engineered Buildings | |
| Other Process Types (Forging, Pressing, Stamping and Roll-forming of Metal; Powder Metallurgy, Treatment and Coating of Metals; Machining, and Manufacture of Other Fabricated Metal Products) |
| By End-user Industry | |
| Oil and Gas, Mining, Energy and Utilities, and Water | |
| Industrial and Logistics | |
| Building Construction | |
| Other End-user Industries (Electronics, Food Processing, and Aviation) |
Qatar Metal Working Market Research FAQs
What is the current Qatar Metal Working Market size?
The Qatar Metal Working Market is projected to register a CAGR of greater than 4.5% during the forecast period (2024-2029)
Who are the key players in Qatar Metal Working Market?
Eversendai Group, Qatar Blue Steel Factory WLL, CLIC Qatar Trading Company WLL, Qatar Reinforcement Company and Pioneer Metal Company are the major companies operating in the Qatar Metal Working Market.
What years does this Qatar Metal Working Market cover?
The report covers the Qatar Metal Working Market historical market size for years: 2020, 2021, 2022 and 2023. The report also forecasts the Qatar Metal Working Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Qatar Metal Working Industry Report
Statistics for the 2024 Qatar Metal Working market share, size and revenue growth rate, created by Mordor Intelligenceā¢ Industry Reports. Qatar Metal Working analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
Qatar Metal Working Market Report Snapshots
