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GCC Construction Market Size, Industry Trends, Share, Growth and Report 2024-2032

GCC Construction Market Overview

Base Year: 2023
Historical Years: 2018-2023
Forecast Years: 2024-2032
Market Size in 2023: USD 140 Billion
Market Size in 2032: USD 219 Billion
Market Growth Rate (CAGR) 2024-2032: 5.1%

According to IMARC Group’s report titled “GCC Construction Market Report and Forecast 2024-2032,” the market reached USD 140 billion in 2023. Looking forward, IMARC Group expects the market to reach USD 219 billion by 2032, exhibiting a growth rate (CAGR) of 5.1% during 2024-2032. The market is growing rapidly, driven by infrastructure investments, urbanization, and government initiatives to diversify economies and enhance connectivity.

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GCC Construction Market Trends and Drivers:

A high investment in large-scale infrastructure projects as well as initiatives by government authorities aimed at economic diversification are the factors responsible for the growth of the GCC construction market. Additionally, visionary programs like Vision 2030 and the Centennial 2071 have spurred investments in mega-projects, including smart cities, tourism hubs, and transportation networks. These projects are not only aimed at boosting the global standing but also at reducing reliance on oil by expanding sectors like tourism, logistics, and real estate. Moreover, the construction of high-profile developments such as NEOM, Dubai Creek Tower, and stadiums for the FIFA World Cup has further fueled demand for advanced construction services, materials, and technologies.

A major trend in the GCC construction market is the increasing emphasis on sustainability and smart infrastructure. In addition to this, as part of their long-term strategies, GCC countries are adopting green building standards and renewable energy integration to align with global sustainability goals. The use of innovative materials, energy-efficient systems, and smart technologies in building designs is becoming more prevalent, with a focus on reducing carbon footprints and enhancing operational efficiency, thereby escalating the market. Furthermore, advancements in construction technology, such as modular construction, 3D printing, and Building Information Modeling (BIM), are transforming the industry by improving project timelines and reducing costs. The push toward sustainable and smart developments, alongside the ambitious infrastructure plans, is expected to continue driving growth in the GCC construction market in the coming years, making it a dynamic and evolving sector poised for long-term expansion.

GCC Construction Industry Segmentation:

The market report offers a comprehensive analysis of the segments, highlighting those with the largest GCC construction market share. It includes forecasts for the period 2024-2032 and historical data from 2018-2023 for the following segments.

Sector Insights:

Commercial Construction
Residential Construction
Industrial Construction
Infrastructure (Transportation) Construction
Energy and Utilities Construction

Country Insights:

Saudi Arabia
United Arab Emirates
Qatar
Kuwait
Oman
Bahrain

Ask Analyst for Customization: https://www.imarcgroup.com/request?type=report&id=21169&flag=C

Competitive Landscape:

The report offers an in-depth examination of the competitive landscape. It includes a thorough competitive analysis encompassing market structure, key player positioning, leading strategies for success, a competitive dashboard, and a company evaluation quadrant.

Key highlights of the Report:

Market Performance (2018-2023)
Market Outlook (2024-2032)
COVID-19 Impact on the Market
Porter’s Five Forces Analysis
Strategic Recommendations
Historical, Current and Future Market Trends
Market Drivers and Success Factors
SWOT Analysis
Structure of the Market
Value Chain Analysis
Comprehensive Mapping of the Competitive Landscape

Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.

About Us:

IMARC Group is a global management consulting firm that helps the world’s most ambitious changemakers to create a lasting impact. The company provide a comprehensive suite of market entry and expansion services. IMARC offerings include thorough market assessment, feasibility studies, company incorporation assistance, factory setup support, regulatory approvals and licensing navigation, branding, marketing and sales strategies, competitive landscape and benchmarking analyses, pricing and cost research, and procurement research.

Contact Us:

IMARC Group

134 N 4th St. Brooklyn, NY 11249, USA

Email: sales@imarcgroup.com

Tel No:(D) +91 120 433 0800

United States: +1-631-791-1145

GCC Modular Construction Market Expected to Grow at a CAGR of 4.50% during 2024-2032

GCC Modular Construction Market Overview

Base Year: 2023
Historical Years: 2018-2023
Forecast Years: 2024-2032
Market Growth Rate: 4.50% (2024-2032)

The GCC modular construction market size is growing due to cost efficiency, faster project completion, and increased demand for sustainable building solutions. According to the latest report by IMARC Group, the market is projected to grow at a CAGR of 4.50% from 2024 to 2032.

GCC Modular Construction Market Trends and Drivers:

The growth of the GCC modular construction market is driven by the region’s focus on expanding urbanization and the need for efficient, cost-effective building solutions. Modular construction has become a preferred method due to its ability to significantly reduce construction time and labor costs. This approach involves prefabricating building components off-site and assembling them on-site, which is especially beneficial in the GCC where high temperatures and labor shortages can affect traditional construction timelines. Government authorities and developers are increasingly adopting modular construction for various projects, including residential buildings, hotels, hospitals, and educational institutions, to address the growing demand for high-quality infrastructure efficiently and sustainably.

A key trend in the GCC modular construction market is the emphasis on sustainability and innovation. Modular construction is recognized for its eco-friendly benefits, such as reduced waste, lower carbon emissions, and more efficient use of materials, aligning with the broader sustainability goals of the GCC. Initiatives like the Green Building Regulations and Vision 2030 promote green building practices and encourage the use of sustainable construction methods. Additionally, advancements in technology, such as 3D printing and digital design tools, are enhancing the precision and customization of modular units, facilitating the delivery of complex and high-quality projects. As the GCC continues to prioritize sustainable development and infrastructure expansion, the modular construction market is expected to play a crucial role in shaping the urban landscape, driving further growth in the coming years.

Request for a sample copy of this report: https://www.imarcgroup.com/gcc-modular-construction-market/requestsample

GCC Modular Construction Industry Segmentation:

The report has segmented the market into the following categories:

Type Insights:

Permanent
Relocatable

Module Type Insights:

Four Sided
Open Sided
Partially Open Sided
Mixed Modules and Floor Cassettes
Modules Supported by a Primary Structure
Others

Material Insights:

Steel
Concrete
Wood
Plastic
Others

End Use Insights:

Residential
Commercial
Education
Retail
Hospitality
Healthcare
Others

Country Insights:

Saudi Arabia
United Arab Emirates
Qatar
Kuwait
Oman
Bahrain

Ask Analyst for Customization: https://www.imarcgroup.com/request?type=report&id=21837&flag=C

Competitive Landscape:

Key highlights of the Report:

Market Performance (2018-2023)
Market Outlook (2024-2032)
COVID-19 Impact on the Market
Porter’s Five Forces Analysis
Strategic Recommendations
Historical, Current and Future Market Trends
Market Drivers and Success Factors
SWOT Analysis
Structure of the Market
Value Chain Analysis
Comprehensive Mapping of the Competitive Landscape

Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.

About Us:

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

Contact Us:

IMARC Group

134 N 4th St. Brooklyn, NY 11249, USA

Email: sales@imarcgroup.com

Tel No:(D) +91 120 433 0800

United States: +1-631-791-1145

Middle East Construction Equipment Market to Grow at a CAGR of 3.96% during 2024-2032

Middle East Construction Equipment Market Overview

Base Year: 2023

Historical Years: 2018-2023

Forecast Years: 2024-2032

Market Growth Rate: 3.96% (2024-2032)

The Middle East construction equipment market is growing steadily, fueled by large-scale infrastructure projects, urbanization, and government investments in the construction sector. According to the latest report by IMARC Group, the market is projected to grow at a CAGR of 3.96% from 2024 to 2032.

Request for a sample copy of this report: https://www.imarcgroup.com/middle-east-construction-equipment-market/requestsample

Middle East Construction Equipment Market Trends:

The Middle East market is primarily driven by the substantial investment in infrastructure development across the region. The increasing emphasis on the diversification of economies away from oil dependence has also spurred the construction of commercial, residential, and industrial projects, requiring advanced construction equipment. Moreover, the adoption of advanced technologies and automation in construction processes is further propelling market growth.

Furthermore, the rise in public-private partnerships in infrastructure development projects is contributing to the expansion of the market. Additionally, the influx of foreign direct investments and the establishment of special economic zones are creating a favorable business environment for the construction equipment market. The ongoing mega-events and international exhibitions hosted in the region are also driving demand. Besides, the increasing focus on sustainable and green construction practices is encouraging the use of modern, efficient construction machinery.

Middle East Construction Equipment Market Scope & Growth Analysis:

The Middle East market scope is expanding due to the integration of smart construction techniques and the Internet of Things (IoT) in construction equipment. The region’s strategic geographical location, serving as a gateway between Asia, Africa, and Europe, is fostering a thriving construction market due to increased trade and logistics activities. The emergence of new urban centers and planned cities, such as NEOM in Saudi Arabia, is creating substantial demand for construction equipment. Furthermore, the increasing number of infrastructure refurbishment and modernization projects across the region is contributing to market growth.

Additionally, favorable government policies and incentives for the construction sector are enhancing market attractiveness. The rising focus on disaster resilience and building standards is driving the need for advanced construction equipment. The growing trend of rental services in the construction equipment market is also adding to its scope by providing cost-effective solutions to contractors and builders. Moreover, the ongoing expansion of the oil and gas sector, with its demand for specialized construction machinery, is further supporting the market’s growth trajectory.

Middle East Construction Equipment Industry Segmentation:

The market report offers a comprehensive analysis of the segments, highlighting those with the largest Middle East construction equipment market share. It includes forecasts for the period 2024-2032 and historical data from 2018-2023 for the following segments.

Solution Type Insights:

Products
Services

Equipment Type Insights:

Heavy Construction Equipment
Compact Construction Equipment

Type Insights:

Loader
Cranes
Forklift
Excavator
Dozers
Others

Application Insights:

Excavation and Mining
Lifting and Material Handling
Earth Moving
Transportation
Others

Industry Insights:

Oil and Gas
Construction and Infrastructure
Manufacturing
Mining
Others

Country Insights:

Saudi Arabia
Turkey
Israel
United Arab Emirates
Iran
Iraq
Qatar
Kuwait
Oman
Jordan
Bahrain
Others

Competitive Landscape:

Ask Analyst for Customization: https://www.imarcgroup.com/request?type=report&id=19245&flag=E

Key highlights of the Report:

Market Performance (2018-2023)
Market Outlook (2024-2032)
COVID-19 Impact on the Market
Porter’s Five Forces Analysis
Strategic Recommendations
Historical, Current and Future Market Trends
Market Drivers and Success Factors
SWOT Analysis
Structure of the Market
Value Chain Analysis
Comprehensive Mapping of the Competitive Landscape

Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.

About Us:

Contact Us:

IMARC Group

134 N 4th St. Brooklyn, NY 11249, USA

Email: sales@imarcgroup.com

Tel No:(D) +91 120 433 0800

United States: +1-631-791-1145

Saudi Arabia Drilling Services Market Growth, Industry Share, and Research Report 2024-2032

The latest report by IMARC Group, titled “Saudi Arabia Drilling Services Market: Industry Trends, Share, Size, Growth, Opportunity, and Forecast 2024-2032,” offers a comprehensive analysis of the drilling services market share in Saudi Arabia. The report also includes competitor and regional analysis, along with a breakdown of segments within the industry.

The Saudi Arabia drilling services market size is projected to exhibit a growth rate (CAGR) of 4.63% during 2024-2032.

Latest Saudi Arabia Drilling Services Market Trends:

The Saudi Arabia drilling services market is driven the country’s commitment to expanding its oil and gas production capacity, alongside substantial investments in infrastructure and technology. Saudi Aramco’s strategic initiatives, including increasing its capital expenditure and embarking on major projects like the Jafurah shale gas development, underscore this growth.

The market is also benefiting from the global recovery in energy demand post-pandemic and the geopolitical shifts affecting energy prices. With a focus on both conventional and unconventional reserves, the market is poised for significant expansion. The involvement of major international players and advancements in drilling technologies further catalyze this upward trajectory.

Increased Investment and Expansion of Drilling Activities:

Saudi Arabia is aggressively expanding its drilling activities to boost oil and gas production. This expansion is crucial as the country aims to increase its oil production capacity. Saudi Aramco, the state-owned oil giant, has significantly increased its capital expenditure.

This surge in investment is aimed at enhancing upstream activities, including the development of new fields and upgrading existing ones. The focus is also on exploiting the vast unconventional gas reserves, such as the Jafurah shale field. These strategic moves are driven by the high global demand for energy and the need to diversify the country’s revenue sources, making the drilling services market a critical component of Saudi Arabia’s economic strategy.

Get a Sample Copy of the Report at: https://www.imarcgroup.com/saudi-arabia-drilling-services-market/requestsample

Technological Advancements and Diversification in Drilling Services:

The Saudi Arabia drilling services market is witnessing significant technological advancements, which are crucial for both onshore and offshore drilling activities. Innovations such as directional drilling, measurement-while-drilling (MWD), and logging-while-drilling (LWD) are becoming more prevalent, driven by the need for higher efficiency and accuracy in drilling operations. These technologies allow for better resource management and cost reduction, making them attractive to major players in the market.

Furthermore, the diversification of drilling services into unconventional gas reserves, particularly shale gas, is a notable trend. The development of the Jafurah shale field highlights the country’s commitment to tapping into its vast unconventional resources. Despite the challenges associated with unconventional gas extraction, significant investments and technological advancements are expected to make these operations feasible and profitable. Additionally, the modification and deployment of advanced jack-up rigs by companies like Arabian Drilling Company (ADC) and ADES Saudi Limited are set to enhance offshore drilling capabilities, supporting the overall growth of the market.

Saudi Arabia Drilling Services Market Segmentation:

Service Insights:

Directional Drilling
- Measurement-while-Drilling
- Logging-while-Drilling
- Rotary Steerable Systems and Others
Non-Directional Drilling

Application Insights:

Onshore
Offshore

End User Insights:

Oil and Gas
Mining
Water Exploration
Others

Regional Insights:

Northern and Central Region
Western Region
Eastern Region
Southern Region

Competitive Landscape:

The market research report has also provided a comprehensive analysis of the competitive landscape in the market.

ADES Holding Company
Arabian Drilling Company
Baker Hughes Company
Burgan Drilling Company
Halliburton Company
Noble Corporation plc
NOV Inc.
Saipem S.p.A. (Eni S.p.A.)
SLB
Weatherford International plc

Key highlights of the report:

Market Performance (2018-2023)
Market Outlook (2024-2032)
Porter’s Five Forces Analysis
Market Drivers and Success Factors
SWOT Analysis
Value Chain
Comprehensive Mapping of the Competitive Landscape

Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.

About Us

Contact Us:

IMARC Group

134 N 4th St. Brooklyn, NY 11249, USA

Email: sales@imarcgroup.com

Tel No:(D) +91 120 433 0800

United States: +1-631-791-1145

GCC Tiles Market Overview, Industry Growth Rate, Research Report 2024-2032

IMARC Group, a leading market research company, has recently releases report titled “GCC Tiles Market Report by Type (Floor Tiles, Wall Tiles, Roof Tiles), Material (Ceramic, Porcelain, Natural Stone and Mosaic, and Others), End User (Residential, Commercial), and Country 2024-2032”. The study provides a detailed analysis of the industry, including the GCC tiles market size, share, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.

How Big is the GCC Tiles Market?

GCC tiles market size is projected to exhibit a growth rate (CAGR) of 11.20% during 2024-2032.

Report Attribute	Key Statistics
Base Year	2023
Forecast Years	2024-2032
Historical Years	2018-2023
Market Growth Rate (2024-2032)	11.20%

GCC Tiles Market Trends and Drivers:

The expanding construction projects across residential, commercial, and infrastructure sectors within the region are the factors responsible for the growth of the GCC tiles market. Additionally, the need for tiles has been propelled owing to the booming real estate sector, driven by major urban development projects in countries like Saudi Arabia, the UAE, and Qatar, which is fueling the market. Besides this, tiles are favored in the GCC for their aesthetic appeal, durability, and ease of maintenance, making them a supreme choice for both interior and exterior applications in the harsh climates of the Middle East, further bolstering the market. Moreover, the growing trend of modernization and luxury in residential and commercial spaces is pushing the demand for varied tile designs, including ceramic, porcelain, and natural stone tiles, that offer both functionality and style, contributing to the expansion of the market.

Technological advancements in tile manufacturing, such as digital printing and automation, have revolutionized the industry, enabling the production of tiles with complex designs and improved functionality at reduced costs, which is further augmenting the market. In addition to this, environmental sustainability concerns are also leading to the adoption of eco-friendly production practices and materials in the tile industry and are positively impacting the market. Furthermore, manufacturers are increasingly using recycled materials and adopting energy-efficient processes to appeal to environmentally conscious consumers and comply with regional regulations for sustainability, which is anticipated to drive the GCC tiles market in the coming years.

Request for a PDF sample of this report: https://www.imarcgroup.com/gcc-tiles-market/requestsample

GCC Tiles Market Report Segmentation:

The report is organized into distinct sections as follows:

Type Insights:

Floor Tiles
Wall Tiles
Roof Tiles

Material Insights:

Ceramic
Porcelain
Natural Stone and Mosaic
Others

End User Insights:

Residential
Commercial

Country Insights:

Saudi Arabia
United Arab Emirates
Qatar
Kuwait
Oman
Bahrain

Ask Analyst for Customization and Explore full report with TOC & List of Figures: https://www.imarcgroup.com/request?type=report&id=21895&flag=C
Other Key Points Covered in the Report:

COVID-19 Impact
Porters Five Forces Analysis
Value Chain Analysis
Strategic Recommendations

If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.

About Us:

Contact US:

IMARC Group
134 N 4th St. Brooklyn, NY 11249, USA
Email: sales@imarcgroup.com
Tel No:(D) +91 120 433 0800
United States: +1-631-791-1145