GCC Structural Steel Fabrication Market Growth, Size, Trends, Share, Revenue and Future Outlook
GCC Structural Steel Fabrication Market Size- By Fabrication Process, By Application- Regional Outlook, Competitive Strategies and Segment Forecast to 2033
| Published: Jun-2024 | Report ID: COAM2424 | Pages: 1 - 154 | Formats*: |
| Category : Construction & Manufacturing | |||
GCC Structural Steel Fabrication Market Introduction and Overview
According to SPER Market Research, the GCC Structural Steel Fabrication Market is estimated to reach USD 509.79 billion by 2033 with a CAGR of 4.31%.
The report includes an in-depth analysis of the GCC Structural Steel Fabrication Market, including market size and trends, product mix, applications, and supplier analysis. Steel fabrication is the process by which stainless fabricators convert raw materials and steel options into the desired shape. This process is classified into two types: integrated route process or raw material approach, and electric arc furnace. In the integrated route or raw material approach, stainless steel is melted, heated, and combined, followed by the melting of recycled steel to produce steel. This stainless-steel fabrication is used to create a variety of commodities, parts, and projects, including metal fabrication projects for buildings. The steel has properties such as high oxidation temperatures, integrity, and chemical stability.
- February 2024: Bena Steel Industries, a Saudi steelmaker, has renewed its Memorandum of Understanding (MoU) with UK energy solutions company Alderley to boost energy transition projects in the country. The Memorandum of Understanding focuses on improving in-country capabilities, supply networks, and energy solutions to help Saudi Arabia achieve global energy security. This includes the investigation of cleaner technologies like hydrogen.
- In February 2024, Abu Dhabi Industrial City welcomed Tenaris, a steel pipe goods producer with its headquarters located in Luxembourg. With a dedicated training centre, the USD 60 million (AED 220 million) Etihad Tubulars industrial complex, which has more than 200,000 square metres, is expected to develop into a centre for improving the technical proficiency of ADNOC engineers, local talent, and partners. A pipe servicing yard intended for the storage, examination and preparation of pipe goods will be part of the complex.
Market Opportunities and Challenges
Opportunities: The surge in construction and remodelling projects is driving unprecedented growth in the field of structural steel fabrication. Strong steel structures are in high demand as urban landscapes change and infrastructure development picks up speed. The industry's critical role in creating long-lasting frames for contemporary architectural marvels is credited with the boom. Structural steel fabrication is essential for creative designs and robust infrastructure in an era of growing urbanisation and emphasis on sustainable building methods. In the ever-changing world of building and remodelling, this booming industry is poised to seize opportunities and turn obstacles into landmarks.
Challenges: Dealing with the price fluctuation of steel is crucial in the field of structural steel manufacturing. Businesses need to take proactive action to protect themselves from erratic market swings. Crucial actions include forming long-term alliances with reputable steel suppliers, looking into alternate material options, and implementing agile pricing structures. By taking these pre-emptive steps, companies may lessen the effects of fluctuating steel prices, maintaining project cost consistency, and building resilience in the face of market fluctuations. Through the adoption of flexibility and strategic planning, the structural steel fabrication industry may create a stable trajectory in the face of volatile steel prices.
Market Competitive Landscape
The study profiles the top players in the GCC structural steel fabrication market. Companies in the region compete fiercely for a limited part of the market, which is dominated by small and medium-sized businesses; as a result, the industry is extremely competitive and fragmented. Key market participants include Hidada Ltd Company, Arabian International Company For Steel Structures, Yamamah Steel Industries Co, Mabani Steel LLC, Al Shahin Company For Metal Industries, IMCC, Standard Steel Fabrication Co. LLC, Techno Steel, Aarya Engineering, and Vogue Steel LLC.
Scope of the Report:
| Report Metric | Details |
| Market size available for years | 2020-2033 |
| Base year considered | 2023 |
| Forecast period | 2024-2033 |
| Segments covered | By Fabrication Process, By Application |
| Regions covered | Saudi Arabia, United Arab Emirates, Qatar, Rest of GCC |
| Companies Covered | Hidada Ltd Company, Arabian International Company For Steel Structures, Yamamah Steel Industries Co, Mabani Steel LLC, Al Shahin Company For Metal Industries, IMCC, Standard Steel Fabrication Co. LLC, Techno Steel, Aarya Engineering, Vogue Steel LLC. |
COVID-19 Impact on GCC Structural Steel Fabrication Market
The COVID-19 pandemic caused disruptions and delays in construction activities, which in turn hampered the structural steel fabrication sector in the Gulf Cooperation Council (GCC). However, the industry is expected to gather up pace when economies recover and construction projects resume. The pandemic also brought attention to how crucial it is to build durable and sustainable structures, which increased demand for steel manufacturing products.
Key Target Audience
- Architects and Engineers
- Construction Companies
- Developers
- Government Agencies
- Industrial Manufacturers
- Real Estate Developers
- Structural Steel Fabricators
- Suppliers of Raw Materials
- Trade Associations and Organizations
- Urban Planners and Municipalities
Our in-depth analysis of the GCC Structural Steel Fabrication Market includes the following segments:
| By Fabrication Process: |
|
| By Application: |
|
Key Topics Covered in the Report
- GCC Structural Steel Fabrication Market Size (FY'2024-FY'2033)
- Overview of GCC Structural Steel Fabrication Market
- Segmentation of GCC Structural Steel Fabrication Market By Fabrication Process (Metal Welding, Metal Forming, Metal Cutting, Metal Shearing, Metal Stamping, Metal Rolling)
- Segmentation of GCC Structural Steel Fabrication Market By Application (Construction, Automotive, Manufacturing, Energy & Power, Defense & Aerospace)
- Statistical Snap of GCC Structural Steel Fabrication Market
- Expansion Analysis of GCC Structural Steel Fabrication Market
- Problems and Obstacles in GCC Structural Steel Fabrication Market
- Competitive Landscape in the GCC Structural Steel Fabrication Market
- Impact of COVID-19 and Demonetization on GCC Structural Steel Fabrication Market
- Details on Current Investment in GCC Structural Steel Fabrication Market
- Competitive Analysis of GCC Structural Steel Fabrication Market
- Prominent Players in the GCC Structural Steel Fabrication Market
- SWOT Analysis of GCC Structural Steel Fabrication Market
- GCC Structural Steel Fabrication Market Future Outlook and Projections (FY'2024-FY'2033)
- Recommendations from Analyst
1. Introduction
1.1. Scope of the report1.2. Market segment analysis
2. Research Methodology
2.1. Research data source
2.1.1. Secondary Data2.1.2. Primary Data2.1.3. SPER’s internal database2.1.4. Premium insight from KOL’s
2.2. Market size estimation
2.2.1. Top-down and Bottom-up approach
2.3. Data triangulation
3. Executive Summary
4. Market Dynamics
4.1. Driver, Restraint, Opportunity and Challenges analysis
4.1.1. Drivers4.1.2. Restraints4.1.3. Opportunities4.1.4. Challenges
4.2. COVID-19 Impacts of the GCC Structural Steel Fabrication Market.
5. Market variable and outlook
5.1. SWOT Analysis
5.1.1. Strengths5.1.2. Weaknesses5.1.3. Opportunities5.1.4. Threats
5.2. PESTEL Analysis
5.2.1. Political Landscape5.2.2. Economic Landscape5.2.3. Social Landscape5.2.4. Technological Landscape5.2.5. Environmental Landscape5.2.6. Legal Landscape
5.3. PORTER’s Five Forces
5.3.1. Bargaining power of suppliers5.3.2. Bargaining power of buyers5.3.3. Threat of Substitute5.3.4. Threat of new entrant5.3.5. Competitive rivalry
5.4. Heat Map Analysis
6. Competitive Landscape
6.1. GCC Structural Steel Fabrication Market Manufacturing Base Distribution, Sales Area, Product Type6.2. Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in GCC Structural Steel Fabrication Market
7. GCC Structural Steel Fabrication Market, By Fabrication Process (USD Million) 2020-2033
7.1. GCC Structural Steel Fabrication Market Size, Share and Forecast, By Fabrication Process, 2020-20267.2. GCC Structural Steel Fabrication Market Size, Share and Forecast, By Fabrication Process, 2027-20337.3. Metal Welding7.4. Metal Forming7.5. Metal Cutting7.6. Metal Shearing7.7. Metal Stamping7.8. Metal Rolling
8. GCC Structural Steel Fabrication Market, By Application (USD Million) 2020-2033
8.1. GCC Structural Steel Fabrication Market Size, Share and Forecast, By Application, 2020-20268.2. GCC Structural Steel Fabrication Market Size, Share and Forecast, By Application, 2027-20338.3. Construction8.4. Automotive8.5. Manufacturing8.6. Energy & Power8.7. Defense & Aerospace
9. GCC Structural Steel Fabrication Market Forecast, 2020-2033 (USD Million)
9.1. GCC Structural Steel Fabrication Market Size and Market Share
10. GCC Structural Steel Fabrication Market, By Region, 2020-2033 (USD Million)
10.1. GCC Structural Steel Fabrication Market Size and Market Share By Region (2020-2026)10.2. GCC Structural Steel Fabrication Market Size and Market Share By Region (2027-2033)10.3. Saudi Arabia10.4. United Arab Emirates10.5. Qatar10.6. Rest of GCC
11. Company Profile
11.1. Hidada Ltd Company
11.1.1. Company details11.1.2. Financial outlook11.1.3. Product summary11.1.4. Recent developments
11.2. Arabian International Company For Steel Structures
11.2.1. Company details11.2.2. Financial outlook11.2.3. Product summary11.2.4. Recent developments
11.3. Al Yamamah Steel Industries Co
11.3.1. Company details11.3.2. Financial outlook11.3.3. Product summary11.3.4. Recent developments
11.4. Mabani Steel LLC
11.4.1. Company details11.4.2. Financial outlook11.4.3. Product summary11.4.4. Recent developments
11.5. Al Shahin Company For Metal Industries
11.5.1. Company details11.5.2. Financial outlook11.5.3. Product summary11.5.4. Recent developments
11.6. IMCC
11.6.1. Company details11.6.2. Financial outlook11.6.3. Product summary11.6.4. Recent developments
11.7. Standard Steel Fabrication Co. LLC
11.7.1. Company details11.7.2. Financial outlook11.7.3. Product summary11.7.4. Recent developments
11.8. Techno Steel
11.8.1. Company details11.8.2. Financial outlook11.8.3. Product summary11.8.4. Recent developments
11.9. Aarya Engineering
11.9.1. Company details11.9.2. Financial outlook11.9.3. Product summary11.9.4. Recent developments
11.10. Vogue Steel LLC
11.10.1. Company details11.10.2. Financial outlook11.10.3. Product summary
11.10.4. Recent developments
11.11. Others
12. Conclusion
13. List of Abbreviations
14. Reference Links
SPER Market Research’s methodology uses great emphasis on primary research to ensure that the market intelligence insights are up to date, reliable and accurate. Primary interviews are done with players involved in each phase of a supply chain to analyze the market forecasting. The secondary research method is used to help you fully understand how the future markets and the spending patterns look likes.
The report is based on in-depth qualitative and quantitative analysis of the Product Market. The quantitative analysis involves the application of various projection and sampling techniques. The qualitative analysis involves primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes are validated through experts opinion. Our research methodology entails an ideal mixture of primary and secondary initiatives.
Frequently Asked Questions About This Report
GCC Structural Steel Fabrication Market is projected to reach USD 509.79 billion by 2033, growing at a CAGR of 4.31% during the forecast period.
GCC Structural Steel Fabrication Market grew in Market size from 2022. The Market is expected to reach USD 509.79 billion by 2033, at a CAGR of 4.31% during the forecast period.
GCC Structural Steel Fabrication Market CAGR of 4.31% during the forecast period.
You can get the sample pages by clicking the link - Click Here
GCC Structural Steel Fabrication Market size is USD 509.79 billion from 2024 to 2033.
GCC Structural Steel Fabrication Market Segment is covered By Fabrication Process, By Application.
The MEA is anticipated to have the highest Market share in the GCC Structural Steel Fabrication Market.
The key players in the Market include Companies Covered Hidada Ltd Company, Arabian International Company For Steel Structures, Yamamah Steel Industries Co, Mabani Steel LLC, Al Shahin Company For Metal Industries, IMCC, Standard Steel Fabrication Co. LLC, Techno Steel, Aarya Engineering, Vogue Steel LLC.
Steel fabrication is the process by which stainless fabricators convert raw materials and steel options into the desired shape.
PLACE AN ORDER
Year End Discount
Sample Report
Pre-Purchase Inquiry
NEED CUSTOMIZATION?
Request CustomizationCALL OR EMAIL US
100% Secure Payment
Related Reports
Have a glance of the Report
Our Global Clients
Our data-driven insights have influenced the strategy of 200+ reputed companies across the globe.
