Market Forecast By Product type (Construction aggregates, Concrete bricks, Cement, Construction metals), By Application (Residential, Commercial, Industrial) And Competitive Landscape
Product Code: ETC016744 | Publication Date: Oct 2020 | Updated Date: Dec 2024 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 | |
Bahrain Construction Materials market currently, in 2023, has witnessed an HHI of 4443, Which has decreased moderately as compared to the HHI of 5097 in 2017. The market is moving towards concentrated. Herfindahl index measures the competitiveness of exporting countries. The range lies from 0 to 10000, where a lower index number represents a larger number of players or exporting countries in the market while a large index number means fewer numbers of players or countries exporting in the market.
Bahrain Construction Materials Market report thoroughly covers the market by product type and by applications. The market outlook report provides an unbiased and detailed analysis of the ongoing market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.
Bahrain has been making a lot of progress in construction and infrastructure development in recent years. This has created a huge demand for construction materials such as concrete, cement, steel, and timber. Bahrain is also one of the most prominent importers of these materials in the Middle East, making it a promising market opportunity for investors and construction material manufacturers alike. The primary drivers of the market are the infrastructure development projects such as sewerage networks, road and bridges, airports, ports, and real estate developments. Furthermore, the government's initiatives such as the Vision 2030 plan to diversify the economy and increase investment inflows has boosted the construction sector, creating an excellent opportunity for construction material manufacturers.
According to 6Wresearch, the Bahrain Construction Materials Market is expected to continue to grow considerably at a CAGR of 5.7% during the 2025-2031. The market growth is influenced by several factors, such as population growth, rapid urbanization, and infrastructure development. In Bahrain, the growth in the population as well as the number of expatriates has resulted in an increase the need for more residential and commercial buildings. Additionally, the government is financially supporting by investing heavily in the constructing roads, bridges, and other infrastructure projects to boost economic growth, which calls for the use of high-quality construction materials. On the other hand, market faces some challenges, such as the absence of local production of some essential materials and reliability on imports from other countries.
Additionally, limited financing options and the high cost of raw materials can affect the growth of the Bahrain construction materials industry. Another challenge is the lack of adequate regulations and standards governing the materials used in construction. Nevertheless, some ongoing trends leaving a positive impact on the market growth. For instance, the growing demand for environmentally sustainable materials. The market is also preferring to modern and innovative materials that are energy-efficient, durable, and cost-effective. The adoption of new technologies in the construction materials industry is also a growing trend, with increased use of automation and robotics to improve efficiency and quality.
Bahrain's government has been actively promoting and supporting by investing heavily in the construction industry to boost the country's economy. They have implemented several initiatives, including the establishment of the Bahraini Contractors Association and the Bahraini Economic Development Board, to attract foreign investors. Additionally, the government has been offering tax exemptions, subsidies, and other incentives to local companies to promote healthy competition within the industry. All these policies & programmes are estimated to surge the Bahrain Construction Materials Market revenue at a massive rate.
The construction materials market in Bahrain is dominated by established local companies such as Bahrain Steel, Bahrain Concrete Technology (BCT), and Al Kobaisi Group to name a few. These companies have been in the market for several years and have a well-established network of distributors and suppliers. However, certain international players such as Lafarge, a leading cement manufacturer, and Knauf, a global provider of gypsum-based building materials, have also established themselves in the market in recent years.
According to Ravi Bhandari, Research Head, 6Wresearch, the residential and commercial sectors remain the largest growth drivers in the market with the growing population rate and tourism sector.
Based on the product type, while all four types of construction materials have high demand in the Bahrain market, nevertheless, cement and construction metals are currently the highest in demand. The production of cement has significantly left a positive impact on the growth of the construction industry, making it a highly in-demand commodity.
The report offers a comprehensive study of the subsequent market segments:
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Bahrain Construction Materials Market Overview |
3.1 Bahrain Country Macro Economic Indicators |
3.2 Bahrain Construction Materials Market Revenues & Volume, 2021 & 2031F |
3.3 Bahrain Construction Materials Market - Industry Life Cycle |
3.4 Bahrain Construction Materials Market - Porter's Five Forces |
3.5 Bahrain Construction Materials Market Revenues & Volume Share, By Product type 2024 & 2031F |
3.6 Bahrain Construction Materials Market Revenues & Volume Share, By Application, 2024 & 2031F |
4 Bahrain Construction Materials Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Bahrain Construction Materials Market Trends |
6 Bahrain Construction Materials Market, By Types |
6.1 Bahrain Construction Materials Market, By Product type |
6.1.1 Overview and Analysis |
6.1.2 Bahrain Construction Materials Market Revenues & Volume, By Product type 2021 - 2031F |
6.1.3 Bahrain Construction Materials Market Revenues & Volume, By Construction aggregates, 2021 - 2031F |
6.1.4 Bahrain Construction Materials Market Revenues & Volume, By Concrete bricks, 2021 - 2031F |
6.1.5 Bahrain Construction Materials Market Revenues & Volume, By Cement, 2021 - 2031F |
6.1.6 Bahrain Construction Materials Market Revenues & Volume, By Construction metals, 2021 - 2031F |
6.2 Bahrain Construction Materials Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 Bahrain Construction Materials Market Revenues & Volume, By Residential, 2021 - 2031F |
6.2.3 Bahrain Construction Materials Market Revenues & Volume, By Commercial, 2021 - 2031F |
6.2.4 Bahrain Construction Materials Market Revenues & Volume, By Industrial, 2021 - 2031F |
7 Bahrain Construction Materials Market Import-Export Trade Statistics |
7.1 Bahrain Construction Materials Market Export to Major Countries |
7.2 Bahrain Construction Materials Market Imports from Major Countries |
8 Bahrain Construction Materials Market Key Performance Indicators |
9 Bahrain Construction Materials Market - Opportunity Assessment |
9.1 Bahrain Construction Materials Market Opportunity Assessment, By Product type 2024 & 2031F |
9.2 Bahrain Construction Materials Market Opportunity Assessment, By Application, 2024 & 2031F |
10 Bahrain Construction Materials Market - Competitive Landscape |
10.1 Bahrain Construction Materials Market Revenue Share, By Companies, 2024 |
10.2 Bahrain Construction Materials Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |