GCC Machine Tools Market Share, Size, Report 2024-2032

Name: GCC Machine Tools Market Report by Tool Type (Metal Cutting, Metal Forming, Accessories), Technology Type (Conventional, CNC (Computerized Numerical Control)), End Use Industry (Automotive, Aerospace and Defense, Electrical and Electronics, Consumer Goods, Precision Engineering, and Others), and Country 2024-2032
Creator: IMARC Group
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Keywords: GCC Machine Tools Market Report

GCC Machine Tools Market Report by Tool Type (Metal Cutting, Metal Forming, Accessories), Technology Type (Conventional, CNC (Computerized Numerical Control)), End Use Industry (Automotive, Aerospace and Defense, Electrical and Electronics, Consumer Goods, Precision Engineering, and Others), and Country 2024-2032

Report Format: PDF+Excel | Report ID: SR112024A2660

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Market Overview:

The GCC machine tools market size reached US$ 2,213.5 Million in 2023. Looking forward, IMARC Group expects the market to reach US$ 3,366.8 Million by 2032, exhibiting a growth rate (CAGR) of 4.6% during 2024-2032.

Report Attribute	Key Statistics
Base Year	2023
Forecast Years	2024-2032
Historical Years	2018-2023
Market Size in 2023	US$ 2,213.5 Million
Market Forecast in 2032	US$ 3,366.8 Million
Market Growth Rate (2024-2032)	4.6%

Machine tools are used to cut, form, drill, grind, abrade and nibble metals and other hard materials. They help in reducing vibrations, achieving product uniformity and minimizing human interaction. Different types of machine tools are currently available in the GCC region, varying from workbench mounted instruments to devices used in modern industries.

Note: Information in the above chart consists of dummy data and is only shown here for representation purpose. Kindly contact us for the actual market size and trends.

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Machine tools find extensive applications in the automotive, aerospace and electronics industries. Continual growth in these industries represents one of the key factors impelling the market growth in the GCC region. Apart from this, several companies are focusing on automating different manufacturing processes, which, in turn, is positively influencing the market growth. Furthermore, with the growing environmental concerns, machine tools are gaining traction in the region as they help minimize scrap during the production process. However, the coronavirus disease (COVID-19) outbreak and lockdowns imposed by governments in the GCC region have halted the manufacturing of various industrial products, which, in turn, is creating a negative impact on the market growth. The market is expected to experience growth again in the near future as relaxations are introduced.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the GCC machine tools market report, along with forecasts at the regional and country level from 2024-2032. Our report has categorized the market based on tool type, technology type and end use industry.

Breakup by Tool Type:

Note: Information in the above chart consists of dummy data and is only shown here for representation purpose. Kindly contact us for the actual market size and trends.

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Metal Cutting
Metal Forming
Accessories

Breakup by Technology Type:

Conventional
CNC (Computerized Numerical Control)

Breakup by End Use Industry:

Automotive
Aerospace and Defense
Electrical and Electronics
Consumer Goods
Precision Engineering
Others

Breakup by Country:

Saudi Arabia
UAE
Qatar
Oman
Kuwait
Bahrain

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players.

Report Coverage:

Report Features	Details
Base Year of the Analysis	2023
Historical Period	2018-2023
Forecast Period	2024-2032
Units	US$ Million
Segment Coverage	Tool Type, Technology Type, End Use Industry, Country
Countries Covered	Saudi Arabia, UAE, Qatar, Oman, Kuwait, Bahrain
Customization Scope	10% Free Customization
Report Price and Purchase Option	Single User License: US$ 3699 Five User License: US$ 4699 Corporate License: US$ 5699
Post-Sale Analyst Support	10-12 Weeks
Delivery Format	PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

Key Questions Answered in This Report

The GCC machine tools market was valued at US$ 2,213.5 Million in 2023.

We expect the GCC machine tools market to exhibit a CAGR of 4.6% during 2024-2032.

The emerging trend of automation, along with the growing utilization of machine tools to increase the overall productivity and improve the efficiency of various products, is primarily driving the GCC machine tools market.

The sudden outbreak of the COVID-19 pandemic had led to the implementation of stringent lockdown regulations across several GCC nations, resulting in the temporary closure of numerous end-use industries for machine tools.

Based on the tool type, the GCC machine tools market can be categorized into metal cutting, metal forming, and accessories. Currently, metal cutting exhibits a clear dominance in the market.

Based on the technology type, the GCC machine tools market has been segmented into conventional and CNC (Computerized Numerical Control), where CNC (Computerized Numerical Control) currently holds the largest market share.

Based on the end use industry, the GCC machine tools market can be bifurcated into automotive, aerospace and defense, electrical and electronics, consumer goods, precision engineering, and others. Among these, automotive accounts for the majority of the total market share.

On a regional level, the market has been classified into Saudi Arabia, UAE, Qatar, Oman, Kuwait, and Bahrain, where UAE currently dominates the GCC machine tools market.

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