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The UAE Metal Fabrication Equipment Market is projected to grow at a CAGR of around 3.80% during the forecast period, i.e., 2021-26.
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MARKET RESEARCH REPORT UAE Metal Fabrication Equipment Market Research Report: Forecast (2021-2026) UPDATED SAMPLE 2024-30 MARKNTEL ADVISORS
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Market Insights The UAE Metal Fabrication Equipment Market is projected to grow at a CAGR of around 3.80% during the forecast period, i.e., 2021-26. The growth of the market is driven primarily by the mounting demand for metal fabrication equipment in the swiftly expanding manufacturing industries across the UAE, coupled with the surging government focus on diversifying the economy away from oil. It, in turn, is resulting in increasing investments in the construction sector to build commercial & residential complexes.
Market Drivers Key Driver: Growing Demand for High Precision Key Driver: Growing Demand for High Precision Fabrication With the exponentially rising population & increasing number of development activities in the country, the UAE is witnessing a surging demand for metal fabrication equipment, especially across oil & gas, pharmaceuticals, automotive, & petrochemical industries, among others. Of all sectors, the defense & aerospace sectors are anticipated to create profitable opportunities for the leading players in the UAE Metal Fabrication Market due to the extensive utility of this equipment to fabricate metal sheets into advanced machinery with high precision & quality. Besides, the mounting demand for carbon steel in construction projects is another crucial aspect projected to boost the market in the coming years. Fabrication
Market Segments By Steel Type (Carbon steel, Stainless steel, Alloy steel, Tool steel), By Machinery (CNC/NC Hydraulic Press Brake, Hydraulic Swing Beam Shear Guillotine Shearing Machine, Hydraulic Press, Laser Cutting Machine, Ironworker, Others (plate rolling, lathes, drilling, milling, radial drilling, etc.)), By End Users (Industrial Manufacturing (including automobile, textile, etc.), Oil & Gas, Commercial, Residential, Water & Wastewater, Others (Aerospace, Marine, F&B, etc.)),
Top Companies GERIMA, Fezer, Rexroth Parker USA, AMADA, CIDAN Machinery Group (Yes Machinery), Drilltech Oilfield Equipment Manufacturing and Services LLC, NOK Corporation, Al Shirawi Equipment Company, Microteknik, Dishaa Machinery & Tools LLC, Others
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