Market Size of Qatar Metal Working Industry
| 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 |
Need a report that reflects how COVID-19 has impacted this market and its growth?
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 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 Size Summary
The Qatari metalworking market is poised for growth, driven by the adoption of advanced technologies such as sensors, IoT, and artificial intelligence. These innovations are essential for maintaining a competitive edge and addressing current industry challenges. The market experienced significant disruptions due to the COVID-19 pandemic, which affected supply chains and industrial processes. However, the demand for metalworking equipment increased as governments shifted focus to manufacturing healthcare-related products. As economic conditions improve and manufacturing restrictions ease, the demand for metal fabrication equipment is expected to rise. Qatar's robust economic policies, supportive government regulations, and a surge in infrastructural projects have been pivotal in propelling the market forward, benefiting companies like Frijns Steel Construction Middle East and Steel Master.
The market's expansion is further supported by the growing need for efficient fabrication techniques and the increasing demand for programmed production processes in various sectors, including manufacturing, aerospace, military, and automotive. The introduction of cutting-edge technologies is anticipated to enhance supply chain efficiency, contributing to market growth. Despite the fragmented nature of the market, major players like Eversendai Group and Qatar Blue Steel Factory WLL dominate, while mid-size and smaller companies are expanding their presence through technological advancements and new contracts. Recent developments, such as the opening of a new production facility by Reliable Engineering & Fabrication and Watania Steel's plans to increase output, highlight the ongoing investment and innovation within the sector, catering to the rising demand in the oil and gas, marine, and wind farming industries.
Qatar Metal Working Market Size - Table of Contents
-
1. MARKET DYNAMICS AND INSIGHTS
-
1.1 Current Market Scenario
-
1.2 Market Dynamics
-
1.2.1 Market Drivers
-
1.2.2 Market Restraints
-
1.2.3 Market Opportunities
-
-
1.3 Porter's Five Forces Analysis
-
1.3.1 Threat of New Entrants
-
1.3.2 Bargaining Power of Buyers/Consumers
-
1.3.3 Bargaining Power of Suppliers
-
1.3.4 Threat of Substitute Products
-
1.3.5 Intensity of Competitive Rivalry
-
-
1.4 Value Chain/Supply Chain Analysis
-
1.5 Impact of COVID-19 on the Market
-
-
2. MARKET SEGMENTATION
-
2.1 By Process Type
-
2.1.1 Structural Steel Fabrication
-
2.1.2 Architectural Aluminum Fabrication
-
2.1.3 Architectural Steel Fabrication
-
2.1.4 Pre-fabricated Buildings
-
2.1.5 Pre-Engineered Buildings
-
2.1.6 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)
-
-
2.2 By End-user Industry
-
2.2.1 Oil and Gas, Mining, Energy and Utilities, and Water
-
2.2.2 Industrial and Logistics
-
2.2.3 Building Construction
-
2.2.4 Other End-user Industries (Electronics, Food Processing, and Aviation)
-
-
Qatar Metal Working Market Size 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.
