Saudi Arabia Metal Fabrication
Equipment market is expected to grow at a significant CAGR during the forecast
period. Saudi Arabia economy is majorly dependent on the oil industry and the
rise in the initiatives taken by the leading authorities such as Saudi Vision
2030 and the National Transformation Program to diversify the income resources
and reduce the dependency on the oil industry is expected to act as a catalyst
to accelerate the growth of the metal fabrication equipment market. The rise in
the development of the manufacturing and metal industry is contributing to the
growth of the metal fabrication equipment industry as they require the
equipment to re-shape the metals to get them in the desired shape. High-end
investments by the market players to upgrade the existing infrastructure and
enhance the efficiency and performance of the metal fabrication equipment are
expected to foster the metal fabrication equipment market. The rise in the
disposable income of the consumers is aiding to increase the expenditure
capacity of the consumers to buy automobiles. Increasing preference for vehicle
ownership and the rise in the need to afford vehicles is aiding to accelerate
the sales of automobiles which in turn is expected to fuel the growth of the
metal fabrication equipment market as metals are required for the manufacturing
of automobiles. The growth of the aviation and automotive industry coupled with
the presence of favorable initiatives by the leading authorities and key
players is expected to fuel the metal fabrication equipment growth.
Saudi Arabia Metal
Fabrication Equipment market is segmented into service type, application,
end-user industry, regional distribution, and company. Based on the service
type, the market can be divided into machining, cutting, welding, forming, and
others. The cutting segment is expected to witness growth in the forecast
period, 2023-2027. Growth in the number of industries owing to the ongoing
initiative Saudi Vision and the high demand from the automotive industry is
expected to influence the market growth.
The major players operating in the
Saudi Arabia Metal Fabrication Equipment market are Amada
Middle East FZCO, Atlas Copco Equipment Saudi Arabia, BTD Manufacturing, Inc., Colfax
Corporation, Defiance Metal Products Co., Sandvik AB, Standard Iron and Wire
Works, Inc., TRUMPF GmbH + Co KG, Shenyang Machine Tool Co., Ltd., Yamazaki
Mazak Corporation, among others. Major companies are developing advanced
technologies and launching new services to stay competitive in the market.
Other competitive strategies include mergers & acquisitions and new service
developments.
Objective of the Study:
- To analyze the historical growth of the market
size of Saudi Arabia Metal Fabrication Equipment market from 2017 to 2020.
- To estimate and forecast the market size of Saudi
Arabia Metal Fabrication Equipment market from 2021 to 2027 and growth
rate until 2027.
- To classify and forecast Saudi Arabia Metal
Fabrication Equipment market based on service type, application, end-user
industry, regional distribution, and company.
- To identify dominant region or segment in the Saudi
Arabia Metal Fabrication Equipment market.
- To identify drivers and challenges for Saudi
Arabia Metal Fabrication Equipment market.
- To examine competitive developments such as
expansions, new product launches, mergers & acquisitions, etc., in Saudi
Arabia Metal Fabrication Equipment market.
- To identify and analyze the profile of leading
players operating in Saudi Arabia Metal Fabrication Equipment market.
- To identify key sustainable strategies adopted
by market players in Saudi Arabia Metal Fabrication Equipment market.
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TechSci Research performed both primary as well as
exhaustive secondary research for this study. Initially, TechSci Research
sourced a list of manufacturers across the globe. Subsequently, TechSci
Research conducted primary research surveys with the identified companies.
While interviewing, the respondents were also enquired about their competitors.
Through this technique, TechSci Research could include the manufacturers which
could not be identified due to the limitations of secondary research. TechSci
Research analyzed the manufacturers, distribution channels and presence of all
major players across the globe.
TechSci Research calculated the market size of Saudi Arabia Metal Fabrication Equipment
market using a bottom-up approach, wherein data for various
end-user segments was recorded and forecast for the future years. TechSci
Research sourced these values from the industry experts and company
representatives and externally validated through analyzing historical data of
these product types and applications for getting an appropriate, overall market
size. Various secondary sources such as company websites, news articles, press
releases, company annual reports, investor presentations and financial reports
were also studied by TechSci Research.
Key Target Audience:
- Metal Fabrication Equipment manufacturing
companies
- Market research and
consulting firms
- Government bodies such as
regulating authorities and policy makers
- Organizations, forums, and
alliances related to Metal Fabrication Equipment market
The study is useful in providing answers
to several critical questions that are important for the industry stakeholders
such as manufacturers, suppliers and partners, end users, etc., besides
allowing them in strategizing investments and capitalizing on market
opportunities.
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Attribute
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Details
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Base Year
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2021
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Historical Data
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2017 – 2020
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Estimated Year
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2022
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Forecast Period
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2023 – 2027
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Quantitative Units
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Revenue in USD Million and CAGR for 2017-2021 and 2022-2027
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Report coverage
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Revenue forecast, company share, competitive landscape, growth
factors, and trends
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Segments covered
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·
Service Type
·
Application
·
End User Industry
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Regional scope
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Western Region, Northern and Central Region, Eastern Region,
Southern Region
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Key companies profiled
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Amada Middle East FZCO, Atlas Copco Equipment Saudi Arabia,
BTD Manufacturing, Inc., Colfax Corporation, Defiance Metal Products Co.,
Sandvik AB, Standard Iron and Wire Works, Inc., TRUMPF GmbH + Co KG, Shenyang
Machine Tool Co., Ltd., Yamazaki Mazak Corporation.
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Customization scope
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10% free report customization with purchase. Addition or
alteration to country, regional & segment scope.
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Pricing and purchase options
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Avail customized purchase options to meet your exact research
needs. Explore purchase options
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Delivery Format
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PDF and Excel through Email (We can also provide the editable
version of the report in PPT/Word format on special request)
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Report Scope:
In this report, Saudi Arabia Metal
Fabrication Equipment market has been segmented into following categories, in
addition to the industry trends which have also been detailed below:
·
Saudi Arabia Metal Fabrication
Equipment Market, By Service Type:
- Machining
- Cutting
- Welding
- Forming
- Others
- Saudi Arabia Metal Fabrication Equipment Market, By
Application:
- Residential
- Commercial
- Industrial
- Saudi Arabia Metal Fabrication Equipment Market, By
End-user Industry:
- Oil
& Gas
- Automotive
& Aviation
- Power
Plants
- Chemicals
& Mining
- Construction
- Others
- Saudi Arabia Metal
Fabrication Equipment Market, By Region:
o Western Region
o Northern & Central Region
o Eastern Region
o Southern Region
Competitive
Landscape
Company Profiles: Detailed analysis of the major
companies present in Saudi Arabia Metal Fabrication Equipment market.
Available
Customizations:
With the given market data, TechSci
Research offers customizations according to a company’s specific needs. The
following customization options are available for the report:
Company Information
- Detailed analysis and
profiling of additional market players (up to five).
Saudi Arabia Metal Fabrication Equipment market is
an upcoming report to be released soon. If you wish an early delivery of this
report or want to confirm the date of release, please contact us at [email protected]