GCC Custom Manufacturing Market Size, Share, Growth Analysis, By Product(Precision Parts, Precision Components), By Application(aerospace, semiconductor)

Description

GCC Custom Manufacturing Market size was valued at USD 858.8 billion in 2021 and is poised to grow from USD 898.3 billion in 2022 to USD 1287.29 billion by 2030, growing at a CAGR of 4.6% in the forecast period (2023-2030).

The process of creating items tailored to meet the specific requirements of customers encompasses build-to-order (BTO) parts, one-offs, short production runs, and mass customization. In modern manufacturing, the goal is to produce thousands or millions of identical components or products at a low cost per unit. Various manufacturing theories, methodologies, and best practices are employed to achieve this objective. Through optimized design and manufacturing techniques geared towards high-volume production, enterprises can offer goods at consumer-acceptable prices while still achieving small profit margins per unit. However, these margins accumulate significantly over the course of a full manufacturing run, making the production process financially viable and efficient.

Top-down and bottom-up approaches were used to estimate and validate the size of the GCC Custom Manufacturing Market and to estimate the size of various other dependent submarkets. The research methodology used to estimate the market size includes the following details: The key players in the market were identified through secondary research, and their market shares in the respective regions were determined through primary and secondary research. This entire procedure includes the study of the annual and financial reports of the top market players and extensive interviews for key insights from industry leaders such as CEOs, VPs, directors, and marketing executives. All percentage shares split, and breakdowns were determined by using secondary sources and verified through Primary sources. All possible parameters that affect the markets covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data.

GCC Custom Manufacturing Market Segmental Analysis

GCC Custom Manufacturing Market is segmented into product and application. By product it is segmented into Precision Parts, Precision Components, and Others. On the basis of application GCC Custom Manufacturing Market is segmented into aerospace, semiconductor, biomedical, chemical industry, and others. On the basis of region, GCC Custom Manufacturing Market is segmented Saudi Arabia, Kuwait, the United Arab Emirates, Qatar, Bahrain.

Driver

The manufacturing sector in the GCC nations is witnessing growth due to a focus on economic diversification. Governments in these countries are making significant investments in the manufacturing sector, recognizing its immense potential as they seek to diversify their revenue sources beyond the oil and gas sector.

Restraints

The government faces a dilemma as a result of the declining and unstable oil prices because they have a direct effect on the budgets designated for other sectors. Despite diversifying their economies, these nations nevertheless rely heavily on oil and gas at the moment.

Market Trends

The custom manufacturing market is experiencing growth primarily because custom products often carry a slightly higher cost compared to mass-produced ones in most organizations. However, opting for custom manufacturing can lead to long-term financial savings. Even though custom manufacturing may incur higher costs per product than mass production, the ability to purchase in lesser quantities helps to reduce overall expenditures. This cost-saving advantage is a significant driving factor behind the expansion of the custom manufacturing market.

Product Code: SQMIG20I2063

Executive Summary

Market Overview
Wheel of Fortune

Research Methodology

Information Procurement
Secondary & Primary Data Sources
Market Size Estimation
Market Assumptions & Limitations

Parent Market Analysis

Market Overview
Market Size
Market Dynamics
- Drivers
- Opportunities
- Restraints
- Challenges

Key Market Insights

Technology Analysis
Pricing Analysis
Supply Chain Analysis
Value Chain Analysis
Ecosystem of the Market
IP Analysis
Trade Analysis
Startup Analysis
Raw Material Analysis
Innovation Matrix
Pipeline Product Analysis
Macroeconomic Indicators
Top Investment Analysis
Key Success Factor
Degree of Competition

Market Dynamics & Outlook

Market Dynamics
- Drivers
- Opportunities
- Restraints
- Challenges
Regulatory Landscape
Porters Analysis
- Competitive rivalry
- Threat of Substitute Products
- Bargaining Power of Buyers
- Threat of New Entrants
- Bargaining Power of Suppliers
Skyquest Special Insights on Future Disruptions
- Political Impact
- Economic Impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact

GCC Custom Manufacturing Market by Product

Market Overview
Precision Parts
Precision Components
and Others.

GCC Custom Manufacturing Market by Application

Market Overview
aerospace
semiconductor
biomedical
chemical industry
and others

GCC Custom Manufacturing Market Size by Region

Market Overview
North America
- USA
- Canada
Europe
- Germany
- Spain
- France
- UK
- Rest of Europe
Asia Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia-Pacific
Latin America
- Brazil
- Rest of Latin America
Middle East & Africa (MEA)
- GCC Countries
- South Africa
- Rest of MEA

Competitive Landscape

Top 5 Player Comparison
Market Positioning of Key Players, 2021
Strategies Adopted by Key Market Players
Top Winning Strategies
- By Development
- By Company
- By Year
Recent Activities in the Market
Key Companies Market Share (%), 2021

Key Company Profiles

Emirates Steel Industries PJSC
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Dubai Cable Company (Private) Limited (Ducab)
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
National Petrochemical Industrial Company (NATPET)
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Jeddah Cable Company (JCC)
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Almarai Company
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
SABIC (Saudi Basic Industries Corporation)
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Arabian Pipes Company (APC)
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Gulf Extrusions Co. LLC
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
National Industrialization Company (Tasnee)
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Alujain Corporation (Alujain)
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Saudi Arabian Amiantit Company (Amiantit)
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Al Khorayef Group
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Saline Water Conversion Corporation (SWCC)
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Advanced Petrochemical Company
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Al-Muhaidib Group
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Yanbu National Petrochemical Company (Yansab)
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Alfanar Group
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Saudi Aramco
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Arabian Cement Company (ACC)
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Saudi Electricity Company (SEC)
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments

GCC Custom Manufacturing Market Size, Share, Growth Analysis, By Product(Precision Parts, Precision Components), By Application(aerospace, semiconductor) - Industry Forecast 2023-2030