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GCC Structural Steel Fabrication Market, By Fabrication Process (Metal Welding, Metal Forming, Metal Cutting, Metal Shearing, Metal Stamping, Metal Rolling); By Application (Construction, Automotive, Manufacturing, Energy & Power, Defense & Aerospace); By

Publisher BlueWeave Consulting
Published Feb 19, 2024
Length 200 Pages
SKU # BLWC18632578

Description

GCC Structural Steel Fabrication Market, By Fabrication Process (Metal Welding, Metal Forming, Metal Cutting, Metal Shearing, Metal Stamping, Metal Rolling); By Application (Construction, Automotive, Manufacturing, Energy & Power, Defense & Aerospace); By Region (Bahrain, Kuwait, Oman, Qatar, Saudi Arabia, UAE), Trend Analysis, Competitive Landscape & Forecast, 2019–2030


GCC Structural Steel Fabrication Market Size Expands at Significant CAGR of 6.53% to Reach USD 12.8 Billion by 2030
GCC Structural Steel Fabrication Market is expanding rapidly due to rapid urbanization, infrastructure development, increasing construction activities, demand for sustainable and durable structures, and economic growth.
BlueWeave Consulting, a leading strategic consulting and market research firm, in its recent study, estimated the GCC Structural Steel Fabrication Market size at USD 8.2 billion in 2023. During the forecast period between 2024 and 2030, BlueWeave expects the GCC Structural Steel Fabrication Market size to grow at a CAGR of 6.53% reaching a value of USD 12.77 billion by 2030. The GCC Structural Steel Fabrication Market is primarily driven by robust infrastructure development initiatives, accelerated urbanization, and increasing construction activities in the Gulf Cooperation Council (GCC) region. Growing demand for commercial and residential spaces, coupled with government investments in major construction projects, propels the market. Additionally, the expansion of oil and gas industries further boosts demand for structural steel fabrication. Technological advancements, enhanced efficiency, and sustainable construction practices contribute to the market growth. Rising awareness of the benefits of structural steel, such as durability and cost-effectiveness, also stimulates market expansion in the GCC region.
Opportunity – Tech-driven transformation
The adoption of advanced technologies emerges as a pivotal growth driver for the GCC Structural Steel Fabrication Market. Innovations such as Building Information Modeling (BIM), automation, and precision engineering are revolutionizing the industry. Enhanced project efficiency, cost-effectiveness, and superior structural integrity are catalyzing market expansion. As regional players increasingly integrate cutting-edge solutions, the industry is poised for sustained growth, attracting investors and stakeholders. This technological evolution not only streamlines operations but also positions the GCC market at the forefront of global steel fabrication, fostering a competitive edge in the ever-evolving construction landscape.
Impact of Escalating Geopolitical Tensions on GCC Structural Steel Fabrication Market
Escalating geopolitical tensions significantly impacts the structural steel fabrication industry, disrupting the global supply chain and increasing production costs. Trade restrictions and sanctions hinder the flow of raw materials, such as steel, affecting fabrication processes. The 2018 United States steel tariffs and subsequent retaliatory measures exemplify this, leading to price volatility and supply chain uncertainties. Geopolitical conflicts, like the Russia-Ukraine crisis, also disrupt steel supply routes, impacting production schedules. Additionally, increased political instability can deter foreign investments, affecting the expansion and development of steel fabrication facilities. In sum, geopolitical tensions create an atmosphere of uncertainty, challenging the structural steel fabrication sector with fluctuating costs, disrupted supply chains, and hindered growth prospects.
GCC Structural Steel Fabrication Market
Segmental Coverage
GCC Structural Steel Fabrication Market – By Fabrication Process
Based on fabrication process, GCC Structural Steel Fabrication Market is divided into Metal Welding, Metal Forming, Metal Cutting, Metal Shearing, Metal Stamping, and Metal Rolling segments. The metal forming segment stands out as significant, reflecting the substantial demand and activity within the structural steel fabrication industry in the Gulf Cooperation Council (GCC) region. The segment encompasses processes that shape raw materials into desired forms, highlighting the pivotal role of metal forming in the fabrication of structural steel components for construction and infrastructure projects across the GCC.
GCC Structural Steel Fabrication Market – By Application
Based on application, GCC Structural Steel Fabrication Market is divided into Construction, Automotive, Manufacturing, Energy & Power, and Defense & Aerospace segments. The construction segment is the largest in the GCC Structural Steel Fabrication Market. The growth is driven by factors such as increased disposable income, a global construction boom, and government safety regulations. High preference for steel in construction, owing to its sustainability and recyclability, further contributes to its dominance in various infrastructure projects. The rising demand for buildings and infrastructures in cities underscores the significance of construction in the market, making it the primary driving force for continued substantial growth during the forecast period.
Competitive Landscape
GCC Structural Steel Fabrication Market is fiercely competitive. Major companies in the market include Zamil Structural Steel Company Limited, Bahrain Mechanical Construction Company WLL, Apex Steel, Towell Engineering, Gulf Structural Steel LLC, Kemco, Elco, QMC WLL, Energy Tec, and Ramco. These companies use various strategies, including increasing investments in their R&D activities, mergers, and acquisitions, joint ventures, collaborations, licensing agreements, and new product and service releases to further strengthen their position in the GCC Structural Steel Fabrication Market.


The in-depth analysis of the report provides information about growth potential, upcoming trends, and statistics of GCC Structural Steel Fabrication Market. It also highlights the factors driving forecasts of total Market size. The report promises to provide recent technology trends in GCC Structural Steel Fabrication Market and industry insights to help decision-makers make sound strategic decisions. Further, the report also analyzes the growth drivers, challenges, and competitive dynamics of the market.

Table of Contents

200 Pages
1. Research Framework
1.1. Research Objective
1.2. Fabrication Process Overview
1.3. Market Segmentation
2. Executive Summary
3. GCC Structural Steel Fabrication Market Insights
3.1. Industry Value Chain Analysis
3.2. DROC Analysis
3.2.1. Growth Drivers
3.2.1.1. Booming construction and remodeling activities
3.2.1.2. Shift toward sustainable construction
3.2.2. Restraints
3.2.2.1. Volatile steel prices
3.2.2.2. Skilled labor shortage
3.2.3. Opportunities
3.2.3.1. Adoption of advanced technologies
3.2.3.2. Infrastructure development
3.2.4. Challenges
3.2.4.1. Stringent environmental regulations regarding emissions and waste management
3.3. Technological Advancements/Recent Developments
3.4. Regulatory Framework
3.5. Porter’s Five Forces Analysis
3.5.1. Bargaining Power of Suppliers
3.5.2. Bargaining Power of Buyers
3.5.3. Threat of New Entrants
3.5.4. Threat of Substitutes
3.5.5. Intensity of Rivalry
4. GCC Structural Steel Fabrication Market: Marketing Strategies
5. GCC Structural Steel Fabrication Market Overview
5.1. Market Size & Forecast, 2019–2030
5.1.1. By Value (USD Billion)
5.2. Market Share and Forecast
5.2.1. By Fabrication Process
5.2.1.1. Metal Welding
5.2.1.2. Metal Forming
5.2.1.3. Metal Cutting
5.2.1.4. Metal Shearing
5.2.1.5. Metal Stamping
5.2.1.6. Metal Rolling
5.2.1.7.
5.2.2. By Application
5.2.2.1. Construction
5.2.2.2. Automotive
5.2.2.3. Manufacturing
5.2.2.4. Energy & Power
5.2.2.5. Defense & Aerospace
5.2.3. By Region
5.2.3.1. Bahrain
5.2.3.2. Kuwait
5.2.3.3. Oman
5.2.3.4. Qatar
5.2.3.5. Saudi Arabia
5.2.3.6. UAE
6. Bahrain Structural Steel Fabrication Market
6.1. Market Size & Forecast, 2019–2030
6.1.1. By Value (USD Billion)
6.2. Market Share & Forecast
6.2.1. By Fabrication Process
6.2.2. By Application
6.2.3. By End User
6.2.4. By Technique
7. Kuwait Structural Steel Fabrication Market
7.1. Market Size & Forecast, 2019–2030
7.1.1. By Value (USD Billion)
7.2. Market Share & Forecast
7.2.1. By Fabrication Process
7.2.2. By Application
8. Oman Structural Steel Fabrication Market
8.1. Market Size & Forecast, 2019–2030
8.1.1. By Value (USD Billion)
8.2. Market Share & Forecast
8.2.1. By Fabrication Process
8.2.2. By Application
9. Qatar Structural Steel Fabrication Market
9.1. Market Size & Forecast, 2019–2030
9.1.1. By Value (USD Billion)
9.2. Market Share & Forecast
9.2.1. By Fabrication Process
9.2.2. By Application
10. Saudi Arabia Structural Steel Fabrication Market
10.1. Market Size & Forecast, 2019–2030
10.1.1. By Value (USD Billion)
10.2. Market Share & Forecast
10.2.1. By Fabrication Process
10.2.2. By Application
11. UAE Structural Steel Fabrication Market
11.1. Market Size & Forecast, 2019–2030
11.1.1. By Value (USD Billion)
11.2. Market Share & Forecast
11.2.1. By Fabrication Process
11.2.2. By Application
12. Competitive Landscape
12.1. List of Key Players and Their Offerings
12.2. GCC Structural Steel Fabrication Market Share Analysis, 2023
12.3. Competitive Benchmarking, By Operating Parameters
12.4. Key Strategic Developments (Mergers, Acquisitions, Partnerships, etc.)
13. Impact of Geopolitical Tension in GCC Structural Steel Fabrication Market
14. Company Profile (Company Overview, Financial Matrix, Competitive Landscape, Key Personnel, Key Competitors, Contact Address, Strategic Outlook, SWOT Analysis)
14.1. Zamil Structural Steel Company Limited
14.2. Bahrain Mechanical Construction Company WLL
14.3. Apex Steel
14.4. Towell Engineering
14.5. Gulf Structural Steel LLC
14.6. Kemco
14.7. Elco
14.8. QMC WLL
14.9. Energy Tec
14.10. Ramco
14.11. Other Prominent Players
15. Key Strategic Recommendations
16. Research Methodology
16.1. Qualitative Research
16.1.1. Primary & Secondary Research
16.2. Quantitative Research
16.3. Market Breakdown & Data Triangulation
16.3.1. Secondary Research
16.3.2. Primary Research
16.4. Breakdown of Primary Research Respondents, By Region
16.5. Assumptions & Limitations
*Financial information of non-listed companies can be provided as per availability.
**The segmentation and the companies are subject to modifications based on in-depth secondary research for the final deliverable
List of Figures
Figure 1 GCC Structural Steel Fabrication Market Segmentation
Figure 2 GCC Structural Steel Fabrication Market Value Chain Analysis
Figure 3 Company Market Share Analysis, 2023
Figure 4 GCC Structural Steel Fabrication Market Size, By Value (USD Billion), 2019–2030
Figure 5 GCC Structural Steel Fabrication Market Share, By Fabrication Process, By Value, 2019–2030
Figure 6 GCC Structural Steel Fabrication Market Share, By Application, By Value, 2019–2030
Figure 7 GCC Structural Steel Fabrication Market Share, By Country, By Value, 2019–2030
Figure 8 Bahrain Structural Steel Fabrication Market Size, By Value (USD Billion), 2019−2030
Figure 9 Bahrain Structural Steel Fabrication Market Share, By Fabrication Process, By Value, 2019−2030
Figure 10 Bahrain Structural Steel Fabrication Market Share, By Application, By Value, 2019−2030
Figure 11 Kuwait Structural Steel Fabrication Market Size, By Value (USD Billion), 2019−2030
Figure 12 Kuwait Structural Steel Fabrication Market Share, By Fabrication Process, By Value, 2019−2030
Figure 13 Kuwait Structural Steel Fabrication Market Share, By Application, By Value, 2019−2030
Figure 14 Oman Structural Steel Fabrication Market Size, By Value (USD Billion), 2019−2030
Figure 15 Oman Structural Steel Fabrication Market Share, By Fabrication Process, By Value, 2019−2030
Figure 16 Oman Structural Steel Fabrication Market Share, By Application, By Value, 2019−2030
Figure 17 Qatar Structural Steel Fabrication Market Size, By Value (USD Billion), 2019−2030
Figure 18 Qatar Structural Steel Fabrication Market Share, By Fabrication Process, By Value, 2019−2030
Figure 19 Qatar Structural Steel Fabrication Market Share, By Application, By Value, 2019−2030
Figure 20 Saudi Arabia Structural Steel Fabrication Market Size, By Value (USD Billion), 2019−2030
Figure 21 Saudi Arabia Structural Steel Fabrication Market Share, By Fabrication Process, By Value, 2019−2030
Figure 22 Saudi Arabia Structural Steel Fabrication Market Share, By Application, By Value, 2019−2030
Figure 23 UAE Structural Steel Fabrication Market Size, By Value (USD Billion), 2019−2030
Figure 24 UAE Structural Steel Fabrication Market Share, By Fabrication Process, By Value, 2019−2030
Figure 25 UAE Structural Steel Fabrication Market Share, By Application, By Value, 2019−2030
List of Tables
Table 1 GCC Structural Steel Fabrication Market Size, By Fabrication Process, By Value, 2019−2030
Table 2 GCC Structural Steel Fabrication Market Size, By Application, By Value, 2019−2030
Table 3 GCC Structural Steel Fabrication Market Size, By Country, By Value, 2019−2030
Table 4 Bahrain Structural Steel Fabrication Market Size, By Fabrication Process, By Value, 2019−2030
Table 5 Bahrain Structural Steel Fabrication Market Size, By Application, By Value, 2019−2030
Table 6 Kuwait Structural Steel Fabrication Market Size, By Fabrication Process, By Value, 2019−2030
Table 7 Kuwait Structural Steel Fabrication Market Size, By Application, By Value, 2019−2030
Table 8 Oman Structural Steel Fabrication Market Size, By Fabrication Process, By Value, 2019−2030
Table 9 Oman Structural Steel Fabrication Market Size, By Application, By Value, 2019−2030
Table 10 Qatar Structural Steel Fabrication Market Size, By Fabrication Process, By Value, 2019−2030
Table 11 Qatar Structural Steel Fabrication Market Size, By Application, By Value, 2019−2030
Table 12 Saudi Arabia Structural Steel Fabrication Market Size, By Fabrication Process, By Value, 2019−2030
Table 13 Saudi Arabia Structural Steel Fabrication Market Size, By Application, By Value, 2019−2030
Table 14 UAE Structural Steel Fabrication Market Size, By Value (USD Billion), 2019−2030
Table 15 UAE Structural Steel Fabrication Market Share, By Fabrication Process, By Value, 2019−2030
Table 16 UAE Structural Steel Fabrication Market Share, By Application, By Value, 2019−2030
Table 17 Zamil Structural Steel Company Limited Company Overview
Table 18 Zamil Structural Steel Company Limited Financial Overview
Table 19 Bahrain Mechanical Construction Company WLL Company Overview
Table 20 Bahrain Mechanical Construction Company WLL Financial Overview
Table 21 Apex Steel Company Overview
Table 22 Apex Steel Financial Overview
Table 23 Towell Engineering Company Overview
Table 24 Towell Engineering Financial Overview
Table 25 Gulf Structural Steel LLC Company Overview
Table 26 Gulf Structural Steel LLC Financial Overview
Table 27 Kemco Company Overview
Table 28 Kemco Financial Overview
Table 29 Elco Company Overview
Table 30 Elco Financial Overview
Table 31 QMC WLL Company Overview
Table 32 QMC WLL Financial Overview
Table 33 Energy Tec Company Overview
Table 34 Energy Tec Financial Overview
Table 35 Ramco Company Overview
Table 36 Ramco Financial Overview

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