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

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: SR112025A2660

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.

 

 
 

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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 nationsresulting 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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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
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