Middile East Market Research Reports - 6Wresearch

Expanding Construction Industry on Account of Upcoming Dubai Expo 2020 Coupled with Government Initiatives such as UAE Vision 2021 Would Surge the UAE Construction Equipment Rental Market By 2024 UAE construction equipment rental market registered substantial growth as a result of increasing construction activities as well as strengthening commercial, hospitality and residential sectors. Construction sector growth is attributed to increased infrastructure spending for World Expo 2020. Further, to avoid the cost of purchasing new equipment and to evade maintenance expenses, construction companies in UAE are opting for renting the equipment. According to 6Wresearch, UAE Construction Equipment Rental Market revenues are projected to grow at a CAGR of 3.3% during 2018-24. Projects such as $37 billion Yas Island Development and $22 billion Masdar City which are expected to be completed by 2025 would increase the demand for construction equipment. Moreover, Dubai overall budget has b...

Dubai 3D Printing Strategy Coupled With Government's Plan to Make UAE as a 3D Printing Hub by 2030 Would Drive the Growth of 3D Printing Market - 6Wresearch After the introduction of 'Dubai 3D Printing Strategy' in 2016, 3D printing market in UAE exhibited healthy growth. Also, government's agenda to make UAE a global hub for 3D printing is further adding to the growth of the market. Further, increasing investment from both government and private sectors along with initiatives for increasing awareness regarding the technology and its areas of application would propel significant growth of the market. According to 6Wresearch , UAE 3D Printing market is projected to grow at a CAGR of around 60% during 2018-24 . In UAE 3D printing market, binder jetting technology accounted for highest revenue share due to its growing demand in architecture sector for architectural modelling. With upcoming new construction project contracts worth $160 billion in UAE the architecture s...

Rapid Infrastructural Development Activities Coupled With Expansion of Transmission and Distribution Network Would Drive UAE Power Cables Market Over the Next Six Years - 6Wresearch UAE power cables market registered substantial growth in 2017 attributed to recovery in copper and aluminium prices as well as significant investment in mega infrastructure projects such as new high-rise skyscrapers, theme parks, state-of-the-art shopping malls and artificial islands. Furthermore, sustained economic diversification efforts in the country also contributed to an increase in the sales for power cables. According to 6Wresearch , UAE power cables market revenues are projected to reach $2.5 billion by 2024 . Upcoming projects such as Mohammed bin Rashid City, MBR City-District One, Barakah Nuclear Power Plant and Aljada megaproject would increase the demand for power cables in the country. Further, government initiatives such as UAE Vision 2021, Dubai Plan 2021, the Abu Dhabi Economic Vision...

Video Surveillance Segment Captured Major Share in Saudi Arabia Physical Security Systems Market Revenues- 6Wresearch During 2014-17, Saudi Arabia physical security systems market registered a decline owing to deteriorating economic conditions, primarily due to slump in oil prices. During this period, major government spending was cut down, resulting in halt in several government projects in the country. Moreover, in 2017, change in the government taxation policy for import of goods resulted in an increase in ASP of the imported products which further led to decline in demand for the security systems. According to 6Wresearch , Saudi Arabia Physical Security Systems market is projected to reach $312 million by 2024 . Although, during 2014-17, the physical security system market recorded negative growth; however, post 2017 the market is expected to bounce back due to recovery of oil prices. Also, increasing security concerns as well as surge in terrorist threats enforced government ...

Dubai and Abu Dhabi are the Key Contributing Regions in the Growth of UAE Power Tools Market - 6Wresearch UAE power tools market registered a healthy growth during 2014-17 attributed to increasing construction market as well as governmental spending on infrastructure development projects. UAE Vision 2021 and Abu Dhabi Vision 2030 would positively affect the growth of construction market, further boosting the deployment of power tools over the coming years. However, upcoming new commercial and residential projects coupled with increasing automotive sector and surging need for automation are some of the key factors which would further drive the market over the next six years. Also, for upcoming World Expo 2020 more than $15.41 billion is expected to be invested by the UAE government for the expansion of existing and construction of new public and private infrastructures resulting in an increase in deployment of power tools in the country. According to 6Wresearch , UAE Power Tools Ma...