An Outlook on the UAE Metal Fabrication Equipment Market to 2021-2026: Know Market Trends, Growth Factors, Covid-19 Impact

According to MarkNtel Advisors, UAE Metal Fabrication Equipment Market is likely to grow at a CAGR of XX% in the forecast period of 2021-26. The market growth primarily owes to the rapidly increasing adoption of BYOD (Bring-Your-Own-Device) policies across various end-user industries. The demand for fabrication equipment is fueling since many organizations are adopting BYOD policies to enhance work productivity.

"UAE Metal Fabrication Equipment Market Analysis, 2021" also cites that the growing development strategies and the active participation of leading market players shall positively influence the demand for Metal Fabrication Equipment in the UAE.

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Critical Questions Answered in the Study:
1. What are the current and future trends in the UAE Metal Fabrication Equipment Market?
2. How has the industry been evolving in terms of geography and services adoption?
3. How has the competition been shaping across UAE, followed by their comparative factorial indexing?
4. What are the key growth drivers & challenges for the UAE Metal Fabrication Equipment Market?
5. What are the customer orientation, purchase behavior, and expectations from Metal Fabrication Equipment providers across UAE?

Hydraulic Press to Rapidly Grow in the Forecast Period

Based on Machinery Type, UAE Metal Fabrication Equipment Market segments into 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.). Of all, Hydraulic Press is more likely to witness rapid growth in the forecast period. It owes principally to the growing demand for Hydraulic Press machines for energy efficiency with the help of VFDs. Furthermore, the segment is also gaining adoption in industries to fabricate & extrude metals, thereby producing a force that is not possible for other machines to generate. Hence, based on these aspects, the segment is projected to display a rapid growth pace in the forecast period.

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Oil & Gas Dominated the Market with the Largest Share in the Previous Years

Based on End User, the UAE Metal Fabrication Equipment Market segments into Industrial Manufacturing like automobile and textile, Oil & Gas, Commercial, Residential, Water & Wastewater, and others like Aerospace, Marine, F&B, etc. Of them all, the Oil & Gas segment dominated the market with the largest share in the previous years, mainly due to the significant demand for fabrication equipment for Oil & Gas, which influenced the decision-making for multiple sections of the economy. Besides, the increasing investment of governments and market players for constructing new terminals & expanding pipelines across the country further propelled the demand for the segment, and benefitted the overall market growth, reveals MarkNtel Advisors in their research report, "UAE Metal Fabrication Equipment Market Analysis, 2021."

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Key Market Competitors:
According to MarkNtel Advisors, the leading players in the UAE Metal Fabrication Equipment Market are 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.

Market Segmentation:
• 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.))
• By Competitors (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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MarkNtel Advisors is a leading research, consulting and data analytics firm that provides a wide range of strategic reports on diverse industry verticals to a substantial and varied client base that includes multinational corporations, financial institutions, governments, and individuals.

We specialize in niche industries and emerging geographies to support our clients in the formulation of strategies viz. Go to Market (GTM), product development, feasibility analysis, project scoping, market segmentation, competitive benchmarking, market sizing & forecasting, trend analysis, etc. in around 15 industry verticals to enable our clients in identifying attractive investment opportunities and maximizing ROI through an early mover advantage.

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