[email protected] +44 20 8123 2220 (UK) +1 732 587 5005 (US) Contact Us | FAQ |

GCC Metal Forging Market Size, Share & Trends Analysis Report By Process (Open Die, Closed Die), By Application (Ball Valve, Wellhead Equipment, Turbine), And Segment Forecasts, 2019 - 2025

June 2020 | 77 pages | ID: G59CEBF17582EN
Grand View Research, Inc.

US$ 5,950.00

E-mail Delivery (PDF)

Download PDF Leaflet

Accepted cards
Wire Transfer
Checkout Later
Need Help? Ask a Question
This report can be delivered to the clients within 10-12 business days post order confirmation

GCC Metal Forging Market Growth & Trends

The GCC metal forging market size is expected to reach USD 1.26 billion by 2025, registering a CAGR of 2.1% during the forecast period, according to a new report by Grand View Research, Inc. Moderate growth of end-use industries is projected to drive the market growth.

Forged metal components such as valves, wellhead equipment, electric motors, turbines pumps, blowout preventers, and compressors are primarily used in various end-use industries including oil and gas, automotive and transportation, and aerospace and defense. As compared to other end-use industries, oil and gas industry is a principal component of the economy the GCC countries. This can be illustrated from the fact that the share of oil and gas industry to GDP is approximately 50% in most of the GCC countries, except for more diversified economies such as UAE and Bahrain, wherein oil and gas sector represents 32% and 24% of their respective GDP. Therefore, the growth of oil and gas industry in the region is expected to drive the metal forging market growth.

Furthermore, automotive industry, yet another significant application of metal forging, has witnessed considerable upward trends for the past few years. As per the figure below, automobile production in the Middle East increased from 260.4 thousand units in 2014 to 348.9 thousand units in 2018. Turkey, Egypt, Iran, and Morocco are the leading automobile producers while the major consumers include Saudi Arabia, UAE, Egypt, and Turkey.

Lack of continuous technological advancements for manufacturing quality products is one of the challenges for the market. The requirement of skilled professionals for operating advanced machines is another limitation for the GCC forging market. GCC countries rely on exports for forging products due to a smaller number of producers in the market.

The In-Kingdom Total Value Add (IKTVA) program launched in December 2015 in Saudi Arabia represents a lucrative opportunity for the manufacturers of metal forging. The program is designed to encourage domestic manufacturing and, thereby, drive value and supply chain efficiency across all the operations of major oil companies such as Saudi Aramco. This program encourages local production as Saudi Aramco plans to increase its local spending on its raw materials.

GCC Metal Forging Market Report Highlights
  • Open die was the largest process segment in terms of volume, it accounted for volume share of 51.9% in 2018. Requirement of customized forged products is projected to remain key contributing factor for the market
  • In terms of revenue, turbine application is projected to expand at fastest CAGR of 3.1% from 2019 to 2025. Turbines demand from growing power plant industry is anticipated to create key impact on demand
  • Saudi Arabia was the largest local market with a volume share of 46.5% in 2018. Increasing demand from oil and gas sector for machinery applications is likely to drive the market growth
CHAPTER 1. METHODOLOGY AND SCOPE

1.1. Market segmentation & scope
1.2. Market definition
1.3. Information procurement
  1.3.1. Purchased database
  1.3.2. GVR’s internal database
  1.3.3. Secondary sources & third-party perspectives
  1.3.4. Primary research
1.4. Information Analysis
  1.4.1. Data analysis models
1.5. Market formulation & data visualization
1.6. Data validation & publishing

CHAPTER 2. EXECUTIVE SUMMARY

2.1. Market snapshot
2.2. Segmental outlook

CHAPTER 3. GCC METAL FORGING MARKET VARIABLES, TRENDS & SCOPE

3.1. Market outlook - GCC forging industry outlook
3.2. Penetration & growth prospect mapping
3.3. Industry value chain analysis
  3.3.1. Raw material trends
  3.3.2. Manufacturing & technology trends
  3.3.3. Sales channel analysis
3.4. Regularity framework
3.5. Market Dynamics
  3.5.1. Market driver analysis
  3.5.2. Market restraint analysis
  3.5.3. Industry challenges
3.6. Business environment analysis: GCC metal forging market
  3.6.1. Industry analysis - Porter’s
  3.6.2. PESTEL analysis

CHAPTER 4. GCC METAL FORGING MARKET: PROCESS ESTIMATES & TREND ANALYSIS

4.1. Definition & scope
4.2. Process movement analysis & market share, 2018 & 2025
4.3. Market size & forecasts and trend analysis, 2014 to 2025
  4.3.1. Open die
    4.3.1.1. Market estimates & forecasts, 2014 - 2025 (Kilotons) (USD Million)
  4.3.2. Closed die
    4.3.2.1. Market estimates & forecasts, 2014 - 2025 (Kilotons) (USD Million)

CHAPTER 5. GCC METAL FORGING MARKET: APPLICATION ESTIMATES & TREND ANALYSIS

5.1. Definition & scope
5.2. Application movement analysis & market share, 2018 & 2025
5.3. Market size & forecasts and trend analysis, 2014 to 2025
  5.3.1. Ball valves
    5.3.1.1. Market estimates & forecasts, 2014 - 2025 (Kilotons) (USD Million)
  5.3.2. Wellhead equipment
    5.3.2.1. Market estimates & forecasts, 2014 - 2025 (Kilotons) (USD Million)
  5.3.3. Electric other
    5.3.3.1. Market estimates & forecasts, 2014 - 2025 (Kilotons) (USD Million)
  5.3.4. Turbine
    5.3.4.1. Market estimates & forecasts, 2014 - 2025 (Kilotons) (USD Million)
  5.3.5. Pump
    5.3.5.1. Market estimates & forecasts, 2014 - 2025 (Kilotons) (USD Million)
  5.3.6. Others
    5.3.6.1. Market estimates & forecasts, 2014 - 2025 (Kilotons) (USD Million)

CHAPTER 6. GCC METAL FORGING MARKET: REGIONAL ESTIMATES & TREND ANALYSIS

6.1. Regional market snapshot
6.2. Saudi Arabia
  6.2.1. Market estimates and forecasts, 2014 - 2025 (Kilotons) (USD Million)
  6.2.2. Market estimates and forecasts, by process, 2014 - 2025 (Kilotons) (USD Million)
  6.2.3. Market estimates and forecasts, by application, 2014 - 2025 (Kilotons) (USD Million)
6.3. UAE
  6.3.1. Market estimates and forecasts, 2014 - 2025 (Kilotons) (USD Million)
  6.3.2. Market estimates and forecasts, by process, 2014 - 2025 (Kilotons) (USD Million)
  6.3.3. Market estimates and forecasts, by application, 2014 - 2025 (Kilotons) (USD Million)
6.4. Qatar
  6.4.1. Market estimates and forecasts, 2014 - 2025 (Kilotons) (USD Million)
  6.4.2. Market estimates and forecasts, by process, 2014 - 2025 (Kilotons) (USD Million)
  6.4.3. Market estimates and forecasts, by application, 2014 - 2025 (Kilotons) (USD Million)
6.5. Oman
  6.5.1. Market estimates and forecasts, 2014 - 2025 (Kilotons) (USD Million)
  6.5.2. Market estimates and forecasts, by process, 2014 - 2025 (Kilotons) (USD Million)
  6.5.3. Market estimates and forecasts, by application, 2014 - 2025 (Kilotons) (USD Million)
6.6. Kuwait
  6.6.1. Market estimates and forecasts, 2014 - 2025 (Kilotons) (USD Million)
  6.6.2. Market estimates and forecasts, by process, 2014 - 2025 (Kilotons) (USD Million)
  6.6.3. Market estimates and forecasts, by application, 2014 - 2025 (Kilotons) (USD Million)
6.7. Bahrain
  6.7.1. Market estimates and forecasts, 2014 - 2025 (Kilotons) (USD Million)
  6.7.2. Market estimates and forecasts, by process, 2014 - 2025 (Kilotons) (USD Million)
  6.7.3. Market estimates and forecasts, by application, 2014 - 2025 (Kilotons) (USD Million)
6.8. Egypt
  6.8.1. Market estimates and forecasts, 2014 - 2025 (Kilotons) (USD Million)
  6.8.2. Market estimates and forecasts, by process, 2014 - 2025 (Kilotons) (USD Million)
  6.8.3. Market estimates and forecasts, by application, 2014 - 2025 (Kilotons) (USD Million)
6.9. Iraq
  6.9.1. Market estimates and forecasts, 2014 - 2025 (Kilotons) (USD Million)
  6.9.2. Market estimates and forecasts, by process, 2014 - 2025 (Kilotons) (USD Million)
  6.9.3. Market estimates and forecasts, by application, 2014 - 2025 (Kilotons) (USD Million)

CHAPTER 7. GCC METAL FORGING MARKET - COMPETITIVE ANALYSIS

7.1. Key players & recent developments & their impact on the industry
7.2. Vendor landscape
  7.2.1. List of key suppliers
  7.2.2. List of key end users
7.3. SWOT analysis (for top 3 public companies)

CHAPTER 8. COMPANY PROFILES

8.1. Precision Forgings Factory
  8.1.1. Company overview
  8.1.2. Financial performance
  8.1.3. Product benchmarking
  8.1.4. Strategic initiatives
8.2. SPSV
  8.2.1. Company overview
  8.2.2. Financial performance
  8.2.3. Product benchmarking
  8.2.4. Strategic initiatives
8.3. ALKAFFA
  8.3.1. Company overview
  8.3.2. Financial performance
  8.3.3. Product benchmarking
  8.3.4. Strategic initiatives
8.4. Steel Forgings Gulf
  8.4.1. Company overview
  8.4.2. Financial performance
  8.4.3. Product benchmarking
  8.4.4. Strategic initiatives
8.5. FTV Proclad (U.A.E.) L.L.C.
  8.5.1. Company overview
  8.5.2. Financial performance
  8.5.3. Product benchmarking
  8.5.4. Strategic initiatives
8.6. Doosan Heavy industries & Construction
  8.6.1. Company overview
  8.6.2. Financial performance
  8.6.3. Product benchmarking
  8.6.4. Strategic initiatives
8.7. MFc Group
  8.7.1. Company overview
  8.7.2. Financial performance
  8.7.3. Product benchmarking
  8.7.4. Strategic initiatives
8.8. El Nasr Company
  8.8.1. Company overview
  8.8.2. Financial performance
  8.8.3. Product benchmarking
  8.8.4. Strategic initiatives

LIST OF TABLES

Table 1. GCC open die metal forging market estimates and forecasts, 2014 - 2025 (Kilotons) (USD Million)
Table 2. GCC closed die metal forging market estimates and forecasts, 2014 - 2025 (Kilotons) (USD Million)
Table 3. GCC metal forging market estimates and forecasts, in ball valves, 2014 - 2025 (Kilotons) (USD Million)
Table 4. GCC metal forging market estimates and forecasts, in wellhead equipment, 2014 - 2025 (Kilotons) (USD Million)
Table 5. GCC metal forging market estimates and forecasts, in electric motor, 2014 - 2025 (Kilotons) (USD Million)
Table 6. GCC metal forging market estimates and forecasts, in turbine, 2014 - 2025 (Kilotons) (USD Million)
Table 7. GCC metal forging market estimates and forecasts, in pump, 2014 - 2025 (Kilotons) (USD Million)
Table 8. GCC metal forging market estimates and forecasts, in other applications, 2014 - 2025 (Kilotons) (USD Million)
Table 9. Saudi Arabia metal forging market estimates and forecasts, 2014 - 2025 (Kilotons) (USD Million)
Table 10. Saudi Arabia metal forging market estimates and forecasts, by process, 2014 - 2025 (Kilotons) (USD Million)
Table 11. Saudi Arabia metal forging market estimates and forecasts, by application, 2014 - 2025 (Kilotons) (USD Million)
Table 12. Qatar metal forging market estimates and forecasts, 2014 - 2025 (Kilotons) (USD Million)
Table 13. Qatar metal forging market estimates and forecasts, by process, 2014 - 2025 (Kilotons) (USD Million)
Table 14. Qatar metal forging market estimates and forecasts, by application, 2014 - 2025 (Kilotons) (USD Million)
Table 15. UAE metal forging market estimates and forecasts, 2014 - 2025 (Kilotons) (USD Million)
Table 16. UAE metal forging market estimates and forecasts, by process, 2014 - 2025 (Kilotons) (USD Million)
Table 17. UAE metal forging market estimates and forecasts, by application, 2014 - 2025 (Kilotons) (USD Million)
Table 18. Oman metal forging market estimates and forecasts, 2014 - 2025 (Kilotons) (USD Million)
Table 19. Oman metal forging market estimates and forecasts, by process, 2014 - 2025 (Kilotons) (USD Million)
Table 20. Oman metal forging market estimates and forecasts, by application, 2014 - 2025 (Kilotons) (USD Million)
Table 21. Kuwait metal forging market estimates and forecasts, 2014 - 2025 (Kilotons) (USD Million)
Table 22. Kuwait metal forging market estimates and forecasts, by process, 2014 - 2025 (Kilotons) (USD Million)
Table 23. Kuwait metal forging market estimates and forecasts, by application, 2014 - 2025 (Kilotons) (USD Million)
Table 24. Bahrain metal forging market estimates and forecasts, 2014 - 2025 (Kilotons) (USD Million)
Table 25. Bahrain metal forging market estimates and forecasts, by process, 2014 - 2025 (Kilotons) (USD Million)
Table 26. Bahrain metal forging market estimates and forecasts, by application, 2014 - 2025 (Kilotons) (USD Million)
Table 27. Iraq metal forging market estimates and forecasts, 2014 - 2025 (Kilotons) (USD Million)
Table 28. Iraq metal forging market estimates and forecasts, by process, 2014 - 2025 (Kilotons) (USD Million)
Table 29. Iraq metal forging market estimates and forecasts, by application, 2014 - 2025 (Kilotons) (USD Million)
Table 30. Egypt metal forging market estimates and forecasts, 2014 - 2025 (Kilotons) (USD Million)
Table 31. Egypt metal forging market estimates and forecasts, by process, 2014 - 2025 (Kilotons) (USD Million)
Table 32. Egypt metal forging market estimates and forecasts, by application, 2014 - 2025 (Kilotons) (USD Million)
LIST OF FIGURES

FIG 1 GCC metal forging market segmentation
FIG 2 Information procurement
FIG 3 Data analysis models
FIG 4 Market formulation and validation
FIG 5 Data validating & publishing
FIG 6 Segmental outlook
FIG 7 Market outlook
FIG 8 Penetration & growth prospect mapping
FIG 9 Value chain analysis
FIG 10 Pig iron production, by countries, (2017 - 2018) (million tons)
FIG 11 Global nickel consumption, by application (%) (2018)
FIG 12 Global chromium production, by countries (%) (2018)
FIG 13 Market driver analysis
FIG 14 GCC metal forging market, process movement analysis, 2018 & 2025
FIG 15 GCC metal forging market, application movement analysis, 2018 & 2025
FIG 16 Regional snapshot


More Publications