Sheet metal machines are devices used to cut, drill, press and mold the hard metals into specific forms. Metals like Aluminium, steel, copper, iron, brass or nickel required to be forged into sheets before they can be used in an ample way.
There are seven Arab states of the Persian Gulf which are Bahrain, Iraq, Oman, Saudi Arabia, Kuwait, Qatar and the United Arab Emirates.
Scope of the Sheet Metal Industry in Gulf Countries
United Arab Emirates Any nation needs the metal industry in full working force for success and progress. Better infrastructure and an established economy need this industry to flourish.
UAE is also expecting to observe an increase in the steel industry by 30% in 2021. However, the demand for steel products remains the same but the ongoing construction projects estimated till 2026 amid fluctuations keep this segment going forward.
The metal industry has a promising forecast for the future. The steel industry by 2022 is bound to reach a market value of US $ 4 billion.
Bahrain has been emerging as the world’s second-largest exporter of aluminum wire since 2012. However, there was a downfall in between but it has regained its place and is the second-largest aluminum smelter in the Middle East. Bahrain ranks 46th out of 189 countries in ease of doing business. On top of it, its strategic location in the gulf can be advantageous to its industries.
Iraq This country has gone through massive destruction during recent years. So to rebuild a nation proper infrastructure is required. The country is heavily dependent on the metal industry for various such works. The total steel consumption was around 3.2 million tonnes recorded in 2018.
The same trend is with Oman. The overall demand estimated is approximately 2 million tonnes by 2020. Accounting to major infrastructure works and economic diversifies the nation’s dependence on metal has been increasing since the past few years and hence there is an increase in sheet metal machines.
Inference for Steel Metal Machines
From the above-mentioned paragraphs about the demand for metal in all of the nations in the gulf, it is clearly observed that there is a potential market for these machines. Maybe it natural occurring metal or importing from some other nation, it has been established that there is the demand for metals for construction or some other industries. Steel metal machines are used to provide a workable format to the metals. It helps to cut, drill and mould into a specific shape. So a huge presence of metal I or construction/ real estate industry there will be a requirement for these machineries.
According to a report of Worldsteel data, in 2017 the Middle East crude steel production substantially increased by 11.8%. Iran is another nation in the queue of producing an ace quantity of steel. These nations will thus heavily depend on the machines in order to supply them to the nations in whichever form they want.