United Arab Emirates (UAE) Machine tools Market (2022-2028) | Revenue, Growth, Industry, Size, Share, Outlook, Forecast, Analysis, Trends, Value, Segmentation & COVID-19 IMPACT

United Arab Emirates (UAE) Machine Tools Market Synopsis

United Arab Emirates (UAE) Machine Tools Market is estimated to grow during the forecast period. This growth can be attributed to several factors such as the increasing demand for precision machinery and equipment in the oil and gas industry, as well as the development of new technologies and the expanding construction sector. However, there are also challenges that the market faces, such as government policies that favor imported machines over domestically manufactured ones, which could limit the growth of the United Arab Emirates (UAE) machine tools market. Additionally, there are concerns regarding the availability of skilled manpower and raw materials in the country.

According to 6Wresearch, the United Arab Emirates (UAE) Machine Tools Market size is expected to grow during 2022-2028. A machine tool is a power-driven device used to shape or form materials such as metal, glass, or wood. Machine tools can be operated manually, by hand, or they can be powered by electricity or other energy sources. There are many different types of machine tools, each designed to perform a specific task. Some common examples include lathes, drills, mills, grinders, and saws. Machine tools can be operated manually or by using computer numerical control (CNC) technology. The most common machine tools are lathes, milling machines, and drilling machines. Machine tools are power-driven devices used to shape and form materials like wood, metal, glass, or plastics.

Drivers for the United Arab Emirates (UAE) Machine Tools Market

The major drivers for the United Arab Emirates (UAE) Machine Tools market revenue are increasing demand from the oil and gas sector and the automotive industry, as well as continued investment in infrastructure by various government bodies. The growing domestic manufacturing sector is also contributing to the growth of the United Arab Emirates (UAE) Machine Tools market. Additionally, growth in the construction and infrastructure industries is expected to support demand for machine tools in the UAE over the next five years.

This growth can be attributed to factors such as increasing demand for construction and industrial machinery, and growing awareness about technological advancements among businesses. In addition, investments made by major companies into research and development projects are also contributing to the market's growth.

Rapid urbanization coupled with an increase in the number of high-tech companies is driving the demand for machines across various industries. Moreover, government initiatives such as the Knowledge Economy Strategy 2020 and National Program for Development of Industrial Infrastructure are also contributing to market growth.

Challenges Facing the United Arab Emirates (UAE) Machine Tools Market

Challenges faced by the United Arab Emirates (UAE) machine tools market growth include high labour costs and a lack of skilled manpower. Another challenge facing the United Arab Emirates (UAE) machine tools market is the high cost of raw materials. This is due to factors such as taxes and import duties, as well as the high value placed on natural resources by the government. The high cost of raw materials has led to manufacturers investing in overseas production facilities instead, which has resulted in job losses within the local machine tool industry.

Another issue facing the United Arab Emirates (UAE) machine tools market is a lack of awareness among consumers about the benefits of using machines. This is due to a lack of education opportunities in regards to machinery, as well as poor marketing efforts by manufacturers. Consequently, many potential customers are unaware of the benefits that machines can offer them.

In order to overcome these challenges and increase awareness about machines among consumers, manufacturers need to invest more in advertising and marketing campaigns. Additionally, governments should provide more support for initiatives that aim to improve skillset among workers in order to enable them to use machines efficiently.

Market Analysis based on Automation Type

In terms of automation type, the CNC machine tools segment held a significant share of the United Arab Emirates (UAE) machine tools market share and is expected to retain its dominance over the forecast period. This can be attributed to factors such as high operational efficiency and accuracy offered by these machines. The demand for machine tools in the UAE is anticipated to rise on account of the growing automotive industry in the country. The automotive industry is one of the major end-users of machine tools. In addition, the expansion of the construction sector is projected to create a favourable environment for market growth during the forecast period.

Market Analysis based on Sales Channel

The events and exhibitions segment are estimated to be the most dominant sales channel in the United Arab Emirates (UAE) machine tools market. Major events such as Dubai International Automotive Show, AEDEXpo, and SMT Summit are held annually in the country and attract a large number of exhibitors and visitors. Dealers and distributors are also major buyers of machinery in this region.

Impact of COVID-19 on the United Arab Emirates (UAE) Machine Tools Market

The outbreak of COVID-19 has had a significant impact on the Middle East machine tools market. The lockdown measures implemented across the country have led to a slowdown in economic activity, resulting in a decline in demand for machine tools. However, the UAE government's stimulus package is expected to boost investment in the construction and manufacturing sectors, which will drive growth in the machine tools market over the forecast period.

Key Attractiveness of the Report

• COVID-19 Impact on the Market.
• 10 Years Market Numbers.
• Historical Data Starting from 2018 to 2021.
• Base Year: 2021.
• Forecast Data until 2028.
• Key Performance Indicators Impacting the Market.
• Major Upcoming Developments and Projects.

Key Highlights of the Report:

• United Arab Emirates (UAE) Machine tools Market Outlook
• Market Size of United Arab Emirates (UAE) Machine tools Market, 2021
• Forecast of United Arab Emirates (UAE) Machine tools Market, 2028
• Historical Data and Forecast of United Arab Emirates (UAE) Machine tools Revenues & Volume for the Period 2018 - 2028
• United Arab Emirates (UAE) Machine tools Market Trend Evolution
• United Arab Emirates (UAE) Machine tools Market Drivers and Challenges
• United Arab Emirates (UAE) Machine tools Price Trends
• United Arab Emirates (UAE) Machine tools Porter's Five Forces
• United Arab Emirates (UAE) Machine tools Industry Life Cycle
• Historical Data and Forecast of United Arab Emirates (UAE) Machine tools Market Revenues & Volume By Product Type for the Period 2018 - 2028
• Historical Data and Forecast of United Arab Emirates (UAE) Machine tools Market Revenues & Volume By Milling Machines for the Period 2018 - 2028
• Historical Data and Forecast of United Arab Emirates (UAE) Machine tools Market Revenues & Volume By Drilling Machines for the Period 2018 - 2028
• Historical Data and Forecast of United Arab Emirates (UAE) Machine tools Market Revenues & Volume By Turning Machines for the Period 2018 - 2028
• Historical Data and Forecast of United Arab Emirates (UAE) Machine tools Market Revenues & Volume By Grinding Machines for the Period 2018 - 2028
• Historical Data and Forecast of United Arab Emirates (UAE) Machine tools Market Revenues & Volume By Electrical Discharge Machines for the Period 2018 - 2028
• Historical Data and Forecast of United Arab Emirates (UAE) Machine tools Market Revenues & Volume By Automation Type? for the Period 2018 - 2028
• Historical Data and Forecast of United Arab Emirates (UAE) Machine tools Market Revenues & Volume By CNC Machine Tools for the Period 2018 - 2028
• Historical Data and Forecast of United Arab Emirates (UAE) Machine tools Market Revenues & Volume By Conventional Machine Tools for the Period 2018 - 2028
• Historical Data and Forecast of United Arab Emirates (UAE) Machine tools Market Revenues & Volume By Industry Segment for the Period 2018 - 2028
• Historical Data and Forecast of United Arab Emirates (UAE) Machine tools Market Revenues & Volume By Automotive and Transportation for the Period 2018 - 2028
• Historical Data and Forecast of United Arab Emirates (UAE) Machine tools Market Revenues & Volume By Sheet Metals for the Period 2018 - 2028
• Historical Data and Forecast of United Arab Emirates (UAE) Machine tools Market Revenues & Volume By Capital Goods for the Period 2018 - 2028
• Historical Data and Forecast of United Arab Emirates (UAE) Machine tools Market Revenues & Volume By Energy for the Period 2018 - 2028
• Historical Data and Forecast of United Arab Emirates (UAE) Machine tools Market Revenues & Volume By Sales Channel for the Period 2018 - 2028
• Historical Data and Forecast of United Arab Emirates (UAE) Machine tools Market Revenues & Volume By Events and Exhibitions for the Period 2018 - 2028
• Historical Data and Forecast of United Arab Emirates (UAE) Machine tools Market Revenues & Volume By Dealers and Distributors for the Period 2018 - 2028
• United Arab Emirates (UAE) Machine tools Import Export Trade Statistics
• Market Opportunity Assessment By Product Type
• Market Opportunity Assessment By Automation Type?
• Market Opportunity Assessment By Industry Segment
• Market Opportunity Assessment By Sales Channel
• United Arab Emirates (UAE) Machine tools Top Companies Market Share
• United Arab Emirates (UAE) Machine tools Competitive Benchmarking By Technical and Operational Parameters
• United Arab Emirates (UAE) Machine tools Company Profiles
• United Arab Emirates (UAE) Machine tools Key Strategic Recommendations

Market Covered

The report offers a comprehensive study of the subsequent market segments:

By Product Type

• Milling Machines
• Drilling Machines
• Turning Machines
• Grinding Machines
• Electrical Discharge Machines

By Automation Type

• CNC Machine Tools
• Conventional Machine Tools

By Industry Segment

• Automotive And Transportation
• Sheet Metals
• Capital Goods
• Energy

By Sales Channel

• Events And Exhibitions
• Dealers And Distributors