Report ID: UCMIR15F2074
Report ID:
UCMIR15F2074 |
Region:
Regional |
Published Date: Upcoming |
Pages:
165
| Tables: 55 | Figures: 60
In 2018, the GCC metal forging market was valued at approximately USD 1.08 billion, and it is projected to experience a steady growth rate of 2.1% on a compound annual basis from 2019 to 2025. This signifies a positive trajectory for the industry, indicating its potential for expansion and development in the Gulf Cooperation Council (GCC) region. The market's consistent growth rate suggests promising prospects for the metal forging sector in the coming years, paving the way for increased investments and advancements in the industry.
This report is being written to illustrate the market opportunity by region and by segments, indicating opportunity areas for the vendors to tap upon. To estimate the opportunity, it was very important to understand the current market scenario and the way it will grow in future.
Production and consumption patterns are being carefully compared to forecast the market. Other factors considered to forecast the market are the growth of the adjacent market, revenue growth of the key market vendors, scenario-based analysis, and market segment growth.
The market size was determined by estimating the market through a top-down and bottom-up approach, which was further validated with industry interviews. Considering the nature of the market we derived the Construction Materials by segment aggregation, the contribution of the Construction Materials in Diversified Materials and vendor share.
To determine the growth of the market factors such as drivers, trends, restraints, and opportunities were identified, and the impact of these factors was analyzed to determine the market growth. To understand the market growth in detail, we have analyzed the year-on-year growth of the market. Also, historic growth rates were compared to determine growth patterns.
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Report ID: UCMIR15F2074