Market Research Report
UAE Construction Market, By Industry Type (Industrial, Commercial, Infrastructure and Residential), By Region, Competition, Forecast & Opportunities, 2025
|Published by||TechSci Research||Product code||938753|
|Published||Content info||79 Pages
Delivery time: Inquiry
|UAE Construction Market, By Industry Type (Industrial, Commercial, Infrastructure and Residential), By Region, Competition, Forecast & Opportunities, 2025|
|Published: May 1, 2020||Content info: 79 Pages||
UAE construction market is expected to grow at brisk rate during the forecast period on account of upcoming event in UAE i.e. Expo 2020 and increasing inclination of government to boost tourism in the country. Some of the major projects under development in the country include Dubai metro red line extension, Burj Jumeirah, World Islands and Sahel Al Emarat. Majority of projects are anticipated to be completed on or before 2020 and the budget allotment for these projects is huge. The government of the country is also focusing on smart cities and at the similar front plans to digitize up to 1000 government services and install 2000 wi-fi hotspots in the country. Moreover, liberal trade policies in the country are attracting foreign investors, propelling the construction market in UAE.
In terms of industry type, market can be segregated into industrial, commercial, infrastructural and residential. Residential sector is likely to witness significant growth on account of growing population and lower prices of cement & steel helps to reduce the overall cost of the construction as well.
Based on region, construction market can be segregated into Dubai, Abi Dhabi, Sharjah and rest of UAE. UAE government is focusing on reducing the dependency on exports of oil and therefore investing in the infrastructural development of the country which is centered around Dubai by projects such as new hotels, Dubai South and Dubailand. Increased construction activities around the city are contributing to the leading share of Dubai through 2025.
Major players operating in the UAE construction market include AE Arma-Electropanc, Consolidated Contractors Group, Bechtel, Fluor Corp, Arabtec Construction LLC, Al Futtaim Carillion, ACC Arabian Construction Company, Joannou & Paraskevaides Overseas Limited, Freyssinet Gulf LLC, etc.
Years considered for this report:
Historical Years: 2015-2018
Base Year: 2019
Estimated Year: 2020
Forecast Period: 2021-2025
Objective of the Study:
TechSci Research performed both primary as well as exhaustive secondary research for this study. Initially, TechSci Research sourced a list of construction companies across the region. Subsequently, TechSci Research conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, TechSci Research could include the construction companies which could not be identified due to the limitations of secondary research. TechSci Research analyzed the product offerings, distribution channels and presence of all major construction companies across the region.
TechSci Research calculated the market size of UAE construction market using a bottom-up approach, where data for various end-user segments was recorded and forecast for the future years. TechSci Research sourced these values from the industry experts and company representatives and externally validated through analyzing historical data of these product types and applications for getting an appropriate, overall market size. Various secondary sources such as company websites, news articles, press releases, company annual reports, investor presentations and financial reports were also studied by TechSci Research.
Key Target Audience:
The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as construction companies, raw material suppliers, and partners, end users, etc., besides allowing them in strategizing investments and capitalizing on market opportunities.
In this report, UAE construction market has been segmented into following categories, in addition to the industry trends which have also been detailed below:
Rest of UAE
Company Profiles: Detailed analysis of the major companies present in UAE construction market.
With the given market data, TechSci Research offers customizations according to a company's specific needs. The following customization options are available for the report: