USD 73.6 billion
Report ID:
SQMIR20I2261 |
Region:
Regional |
Published Date: January, 2025
Pages:
202
|Tables:
65
|Figures:
75
GCC Custom Manufacturing Market size was valued at USD 73.6 billion in 2023 and is poised to grow from USD 78.24 billion in 2024 to USD 127.55 billion by 2032, growing at a CAGR of 6.3% during the forecast period (2025-2032).
The process of designing, constructing, and producing items based on a customer's exact requirements includes build-to-order (BTO) parts, one-offs, short production runs, and mass customization.
Producing thousands or millions of identical components or products at a cheap cost per unit is the aim of modern manufacturing theories, methodologies, and best practices.
Enterprises may make goods at consumer-acceptable prices while still offering manufacturers with small profit margins per unit that pile up over the course of a full manufacturing run thanks to design and manufacturing methods that are optimised for high volume production.
GCC Custom Manufacturing Market is poised to grow at a sustainable CAGR for the next forecast year.
Market snapshot - 2025-2032
Global Market Size
USD 73.6 billion
Largest Segment
Precision Components
Fastest Growth
Precision Components
Growth Rate
6.3% CAGR
To get more reports on the above market click here to Buy The Report
GCC Custom Manufacturing Market is segmented by Type, Product, End user. Based on Type, the market is segmented into Built-To-Order Products and Custom Products. Based on Product, the market is segmented into Industrial and Non-Industrial. Based on End user, the market is segmented into Automotive, Aerospace, Manufacturing, Retail and Others.
Precision Parts, Precision Components, and Others are the market segments that make up the custom manufacturing market. Many of the benefits of employing precision components to create industrial parts are well established, and Precision Components dominates the industry. Precision parts are more effective and efficient in terms of cost, as well as being safer and less likely to make mistakes. Precision component experts are able to produce parts of the highest quality and are aware of the most effective processes for manufacturing industrial packaging components.
The aerospace, semiconductor, biomedical, chemical industry, and others segments are included in the custom manufacturing market. Due to the fact that bespoke component manufacturing services are offered to the aerospace industry, the Aerospace segment dominates the market. Customers of custom manufacturing services need craftsmanship.
To get detailed analysis on other segments, Request For Free Sample Report
On the basis of region, it is segmented Saudi Arabia, Kuwait, the United Arab Emirates, Qatar, Bahrain. For the purpose of tariff classification, Saudi Arabia employs the Harmonized Commodity Description and Coding System. Saudi Arabia has ratified a number of trade agreements, particularly with the GCC, which completely exclude the member nations from paying customs taxes. As a GCC member, it must impose the common external tariff of the GCC, which is at least 5% on the majority of imports from non-GCC nations. The department in charge of all customs-related tasks, managing the entry and outflow of commodities into and out of the nation, regulating customs procedures, and carrying out all orders issued by the government's ministries is known as the Kuwait General Administration of Customs. Companies must have the appropriate trade licence from the Department of Economic Development (DED) of the emirate in order to import goods into the UAE. To conduct business in the UAE's "mainland," foreign enterprises can either open an office there or hire a UAE native as a sponsor, agent, or distributor (that is, not in the free zones). The GCC has approved exemptions for about 400 items, including imports of diplomatic and consular goods, military and security products, civilian aviation, personal effects and used household items, passenger-accompanied luggage and gifts, goods intended for charitable use, ships and other vessels for the transportation of passengers. In addition to cement, Qatar imposes a 20% duty on iron bars and rods, non-alloy hot-rolled steel, and 12-millimeter steel bars. Imports of urea are subject to a 30% customs duty, while imports of recordings and musical instruments are subject to a 15% duty. With the exception of a few agricultural products, bilateral commerce in industrial and consumer goods is allowed under the U.S.-Bahrain FTA. According to Bahrain's tariff schedule, which is mentioned below, goods produced outside the FTA region may be imported. The GCC Unified Customs Union agreement includes Bahrain as a party. The agreement eliminates tariffs for GCC member states on 426 products (mostly food and medical supplies) and imposes import charges of 5% on the majority of goods coming from outside the GCC, with the exception of alcohol and tobacco, which are subject to 125 and 100% duties, respectively.
To know more about the market opportunities by region and country, click here to
Buy The Complete Report
Economic Diversity to Bolster Demand for Custom Manufacturing
Unstable Economy to Hinder Market Growth
Request Free Customization of this report to help us to meet your business objectives.
SkyQuest's ABIRAWA (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyses the Data collected utilizing Primary Exploratory Research backed by the robust Secondary Desk research.
According to our analysis, Custom or limited-run products, such as bespoke jewellery, specialty electronics, and body-conforming medical or dental appliances, present unique challenges that force manufacturers to modify their production processes. Additive manufacturing (AM), often known as 3D printing, grew more effective as a real manufacturing technique over the past ten years as technology and materials advanced. Custom manufacturing is highly suited to 3D printing due to its high degree of flexibility, toolless production techniques, and ability to quickly scale up to meet demand.
Report Metric | Details |
---|---|
Market size value in 2023 | USD 73.6 billion |
Market size value in 2032 | USD 127.55 billion |
Growth Rate | 6.3% |
Base year | 2024 |
Forecast period | 2025-2032 |
Forecast Unit (Value) | USD Billion |
Segments covered |
|
Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
Companies covered |
|
Customization scope | Free report customization with purchase. Customization includes:-
|
To get a free trial access to our platform which is a one stop solution for all your data requirements for quicker decision making. This platform allows you to compare markets, competitors who are prominent in the market, and mega trends that are influencing the dynamics in the market. Also, get access to detailed SkyQuest exclusive matrix.
Buy The Complete Report to read the analyzed strategies adopted by the top vendors either to retain or gain market share
Table Of Content
Executive Summary
Market overview
Parent Market Analysis
Market overview
Market size
KEY MARKET INSIGHTS
COVID IMPACT
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
Methodology
For the GCC Custom Manufacturing Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the GCC Custom Manufacturing Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the GCC Custom Manufacturing Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the GCC Custom Manufacturing Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
REQUEST FOR SAMPLE
GCC Custom Manufacturing Market size was valued at USD 890 Trillion in 2023 and is poised to grow from USD 930 Trillion in 2024 to USD 1300 Trillion by 2032, growing at a CAGR of 0.049 during the forecast period (2025-2032).
GCC Custom Manufacturing Market Top Player's Company Profiles 'Emirates Steel Industries PJSC', 'Dubai Cable Company (Private) Limited (Ducab)', 'National Petrochemical Industrial Company (NATPET)', 'Jeddah Cable Company (JCC)', 'Almarai Company', 'SABIC (Saudi Basic Industries Corporation)', 'Arabian Pipes Company (APC)', 'Gulf Extrusions Co. LLC', 'National Industrialization Company (Tasnee)', 'Alujain Corporation (Alujain)', 'Saudi Arabian Amiantit Company (Amiantit)', 'Al Khorayef Group', 'Saline Water Conversion Corporation (SWCC)', 'Advanced Petrochemical Company', 'Al-Muhaidib Group', 'Yanbu National Petrochemical Company (Yansab)', 'Alfanar Group', 'Saudi Aramco', 'Arabian Cement Company (ACC)', 'Saudi Electricity Company (SEC)'
In the GCC nations, the manufacturing sector is being driven by economic diversification. Major investments have been made in the manufacturing sector since it has enormous potential, as countries search for alternatives to the oil and gas sector in terms of revenue creation.
A custom product often costs a bit more than a mass-produced one in most organisations, which is the main factor driving the expansion of the custom manufacturing market. Custom manufacture can, however, result in long-term financial savings. Despite the fact that custom manufacturing costs more per product than mass production, you can purchase in lesser quantities, which reduces your overall expenditures.
On the basis of region, it is segmented Saudi Arabia, Kuwait, the United Arab Emirates, Qatar, Bahrain. For the purpose of tariff classification, Saudi Arabia employs the Harmonized Commodity Description and Coding System. Saudi Arabia has ratified a number of trade agreements, particularly with the GCC, which completely exclude the member nations from paying customs taxes. As a GCC member, it must impose the common external tariff of the GCC, which is at least 5% on the majority of imports from non-GCC nations. The department in charge of all customs-related tasks, managing the entry and outflow of commodities into and out of the nation, regulating customs procedures, and carrying out all orders issued by the government's ministries is known as the Kuwait General Administration of Customs. Companies must have the appropriate trade licence from the Department of Economic Development (DED) of the emirate in order to import goods into the UAE. To conduct business in the UAE's "mainland," foreign enterprises can either open an office there or hire a UAE native as a sponsor, agent, or distributor (that is, not in the free zones). The GCC has approved exemptions for about 400 items, including imports of diplomatic and consular goods, military and security products, civilian aviation, personal effects and used household items, passenger-accompanied luggage and gifts, goods intended for charitable use, ships and other vessels for the transportation of passengers. In addition to cement, Qatar imposes a 20% duty on iron bars and rods, non-alloy hot-rolled steel, and 12-millimeter steel bars. Imports of urea are subject to a 30% customs duty, while imports of recordings and musical instruments are subject to a 15% duty. With the exception of a few agricultural products, bilateral commerce in industrial and consumer goods is allowed under the U.S.-Bahrain FTA. According to Bahrain's tariff schedule, which is mentioned below, goods produced outside the FTA region may be imported. The GCC Unified Customs Union agreement includes Bahrain as a party. The agreement eliminates tariffs for GCC member states on 426 products (mostly food and medical supplies) and imposes import charges of 5% on the majority of goods coming from outside the GCC, with the exception of alcohol and tobacco, which are subject to 125 and 100% duties, respectively.
Want to customize this report? This report can be personalized according to your needs. Our analysts and industry experts will work directly with you to understand your requirements and provide you with customized data in a short amount of time. We offer $1000 worth of FREE customization at the time of purchase.
Feedback From Our Clients
Report ID: SQMIR20I2261
[email protected]
USA +1 351-333-4748