Metal Fabrication Equipment: UAE Market Scenario, Trends, Opportunity, Growth and Forecast, 2020-2030

Market Definition

In a variety of industrial applications, metal fabrication equipment is used to fabricate metals like steel, including carbon steel, stainless steel, alloy steel, tool steel, etc. Shears, saws, shapers, and planers are only a few of the tools used in the manufacturing process to form the metals. Other tools include milling, grinding, and drilling machines. Since a few years ago, the demand for metal fabrication equipment in the UAE has been driven by the growing need for metal processing in numerous industries and the UAE’s quick industrialization.

Market Insights

The UAE Metal Fabrication Equipment Market is anticipated to expand at a CAGR of roughly 4.17% from 2023 to 2030. The market is expanding primarily due to the rising demand for metal fabrication equipment in the UAE’s quickly growing manufacturing sectors, as well as the growing government emphasis on diversifying the economy away from oil. As a result, there are more investments being made in the building industry to build residential and commercial complexes.

Industry 4.0, which is becoming more and more common, is bringing about a smart manufacturing process where operations and physical production are carried out utilising, among other things, big data, cloud computing, and machine learning. These are primarily intended to improve manufacturing environments by making them more diverse and networked. Metal fabrication equipment designed for Industry 4.0 places a strong emphasis on connectivity, automation, machine learning, and real-time data. Metal fabrication equipment that uses Industry 4.0 delivers real-time information about difficulties as they arise and warns engineers or operators by delivering messages, increasing the productivity & efficiency of the manufacturing sector.

The Metal Fabrication Equipment Market was not exempt from the devastating effects of the Covid-19 outbreak that struck the UAE in 2020. The UAE government instituted harsh movement restrictions and lockdowns in reaction to the rapid spread of this terrible disease.

Cross-border limitations and isolationist practises caused the market to face a number of previously unheard-of difficulties, including a lack of labour and raw materials and the closure of industries, which caused the top market players to suffer enormous financial losses. These interruptions also had an effect on the demand for metal fabrication equipment as well as the supply chain.

Market Dynamics: Drivers

Rising Demand for High Precision Fabrication

The UAE is experiencing a surge in demand for metal fabrication equipment, particularly across the oil & gas, pharmaceuticals, automotive, and petrochemical industries, among others, due to the country’s geometrically growing population and increased number of construction activities. Due to the substantial use of this equipment to fabricate metal sheets into cutting-edge machinery with high precision & quality, the defence & aerospace industries are predicted to generate the most lucrative prospects for the market’s top competitors. In addition, the market is expected to grow in the next years due to the rising demand for carbon steel in construction projects.

 Market Dynamics: Challenges

High Raw Material Cost

Raw materials like copper, iron, & aluminum, etc., required to build machinery are witnessing price fluctuations, i.e., making their procurement difficult for the medium & small-scale industries, thereby reducing investments in the market & hampering the overall expansion across the UAE.

Market Segmentation

• Based on Steel Type, the UAE Metal Fabrication Equipment market is segmented into
  • Carbon Steel
  • Stainless Steel
  • Alloy Steel
  • Tool Steel
• Based on Machine Type, the UAE Metal Fabrication Equipment market is segmented 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.)
• Based on End Use, the UAE Metal Fabrication Equipment market is segmented into
  • Industrial Manufacturing (including automobile, textile, etc.)
  • Oil & Gas
  • Commercial
  • Residential
  • Water & Wastewater
  • Others (Aerospace, Marine, F&B, etc.)
• Based on Geography, the UAE Metal Fabrication Equipment market is segmented into
  • Asia-Pacific
  • North America
  • Europe
  • Latin America
  • Middle East & Africa

• All market revenue has been given in US Dollar.

Historical Year: 2020-2021
Base Year: 2022
Estimated: 2023
Forecast- 2024-2030

 Key Questions this Study will Answer

• What are the key overall market statistics or market estimates (Market Overview, Market Size- By Value, Market Size-By Volume, Forecast Numbers, Market Segmentation, Market Shares) of UAE Metal Fabrication Equipment Market?
• What is the region wise industry size, growth drivers and challenges key market trends?
• What are the key innovations, opportunities, current and future trends and regulations in the UAE Metal Fabrication Equipment Market?
• Who are the key competitors, what are their key strength and weakness and how they perform in UAE Metal Fabrication Equipment Market based on competitive benchmarking matrix?
• What are the key results derived from the market surveys conducted during UAE Metal Fabrication Equipment Market study?