Product Code: ETC007980 | Publication Date: Aug 2023 | Updated Date: May 2024 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 | |
United Arab Emirates (UAE) Steel market currently, in 2023, has witnessed an HHI of 3404, Which has increased slightly as compared to the HHI of 2953 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.
The United Arab Emirates (UAE) steel market is expected to grow at a CAGR of 3.8% during the forecast period 2020-2026. The UAE steel industry has been largely driven by the construction and infrastructure activities in the region, due to rising demand for low cost housing, higher disposable incomes among consumers and significant foreign investments into various sectors such as hospitality, tourism and manufacturing. The UAE government`s focus on developing its infrastructure sector also presents potential opportunities for domestic producers of steel products in the country. However, competition from overseas suppliers will continue to remain an issue for local firms operating within this space
The UAE government has announced plans to invest heavily in major infrastructure projects such as airports, ports and roads which will increase demand for steel products across different applications ranging from residential buildings to industrial plants. Further, there is an increasing trend towards expansion in shipbuilding activity across all categories including both commercial vessels (e.g., container ships & tankers) as well as recreational boats/yachts mainly due to growing maritime traffic between Europe & Asia resulting in increased freight rates & cargo volumes respectively driving up global demand accordingly over time thus leading further into growth prospects even further still going forward down line.
Urbanization coupled with rapid industrial development is creating huge opportunity growth areas within the country???s steel market segment where many investors are eyeing long term expansions into relevant product segments that serves multiple needs like raw material procurement up until post production processes like fabrication operations etcetera. Further, the supportive policies implemented by the state authorities have allowed seamless penetration of new businesses while rewarding existing ones that keep on innovating through technology upgrades hence creating efficient pathways towards sustainable markets that can be tapped effectively by operators willing take risks after considerable assessments have been made before hand so therefore enabling them greater success rate when it comes capitalizing upon any given circumstance presented forthrightly.
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 United Arab Emirates (UAE) Steel Market Overview |
3.1 United Arab Emirates (UAE) Country Macro Economic Indicators |
3.2 United Arab Emirates (UAE) Steel Market Revenues & Volume, 2020 & 2030F |
3.3 United Arab Emirates (UAE) Steel Market - Industry Life Cycle |
3.4 United Arab Emirates (UAE) Steel Market - Porter's Five Forces |
3.5 United Arab Emirates (UAE) Steel Market Revenues & Volume Share, By Types, 2020 & 2030F |
3.6 United Arab Emirates (UAE) Steel Market Revenues & Volume Share, By Product Type, 2020 & 2030F |
3.7 United Arab Emirates (UAE) Steel Market Revenues & Volume Share, By Applications, 2020 & 2030F |
4 United Arab Emirates (UAE) Steel Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 United Arab Emirates (UAE) Steel Market Trends |
6 United Arab Emirates (UAE) Steel Market, By Types |
6.1 United Arab Emirates (UAE) Steel Market, By Types |
6.1.1 Overview and Analysis |
6.1.2 United Arab Emirates (UAE) Steel Market Revenues & Volume, By Types, 2020-2030F |
6.1.3 United Arab Emirates (UAE) Steel Market Revenues & Volume, By Flat Steel, 2020-2030F |
6.1.4 United Arab Emirates (UAE) Steel Market Revenues & Volume, By Long Steel, 2020-2030F |
6.2 United Arab Emirates (UAE) Steel Market, By Product Type |
6.2.1 Overview and Analysis |
6.2.2 United Arab Emirates (UAE) Steel Market Revenues & Volume, By Structural Steel, 2020-2030F |
6.2.3 United Arab Emirates (UAE) Steel Market Revenues & Volume, By Prestressing Steel, 2020-2030F |
6.2.4 United Arab Emirates (UAE) Steel Market Revenues & Volume, By Bright Steel, 2020-2030F |
6.2.5 United Arab Emirates (UAE) Steel Market Revenues & Volume, By Welding Wire/Rod, 2020-2030F |
6.2.6 United Arab Emirates (UAE) Steel Market Revenues & Volume, By Iron Steel Wire, 2020-2030F |
6.2.7 United Arab Emirates (UAE) Steel Market Revenues & Volume, By Ropes, 2020-2030F |
6.3 United Arab Emirates (UAE) Steel Market, By Applications |
6.3.1 Overview and Analysis |
6.3.2 United Arab Emirates (UAE) Steel Market Revenues & Volume, By Building & Construction, 2020-2030F |
6.3.3 United Arab Emirates (UAE) Steel Market Revenues & Volume, By Electrical Appliances, 2020-2030F |
6.3.4 United Arab Emirates (UAE) Steel Market Revenues & Volume, By Metal Products, 2020-2030F |
6.3.5 United Arab Emirates (UAE) Steel Market Revenues & Volume, By Domestic Appliances, 2020-2030F |
6.3.6 United Arab Emirates (UAE) Steel Market Revenues & Volume, By Mechanical Equipment, 2020-2030F |
6.3.7 United Arab Emirates (UAE) Steel Market Revenues & Volume, By Automotive, 2020-2030F |
7 United Arab Emirates (UAE) Steel Market Import-Export Trade Statistics |
7.1 United Arab Emirates (UAE) Steel Market Export to Major Countries |
7.2 United Arab Emirates (UAE) Steel Market Imports from Major Countries |
8 United Arab Emirates (UAE) Steel Market Key Performance Indicators |
9 United Arab Emirates (UAE) Steel Market - Opportunity Assessment |
9.1 United Arab Emirates (UAE) Steel Market Opportunity Assessment, By Types, 2020 & 2030F |
9.2 United Arab Emirates (UAE) Steel Market Opportunity Assessment, By Product Type, 2020 & 2030F |
9.3 United Arab Emirates (UAE) Steel Market Opportunity Assessment, By Applications, 2020 & 2030F |
10 United Arab Emirates (UAE) Steel Market - Competitive Landscape |
10.1 United Arab Emirates (UAE) Steel Market Revenue Share, By Companies, 2023 |
10.2 United Arab Emirates (UAE) Steel Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |