UAE Construction Market Size, Share & Forecast 2025

  • View
    4

  • Download
    0

Embed Size (px)

DESCRIPTION

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.

Text of UAE Construction Market Size, Share & Forecast 2025

  • MARKET INTELLIGENCE . CONSULTING

    www.techsciresearch.com

    UAE CONSTRUCTION MARKET M A R K E T F O R E C A S T & O P P O R T U N I T I E S

    2015-2015

  • 2

    Scope of Report Product of Interest (POI): Construction

    Review Period

    2015 – 2018

    Base Year

    2019

    Estimated Year

    2020

    Forecast Period

    2021 – 2025

    Year Range

    UAE Construction market is expected to grow at a brisk rate during the forecast period on account of significant investments in infrastructure and housing development project. Moreover, Expo 2020 and government’s push for smart cities is positively influencing the construction market in UAE. In terms of industry type, market can be segregated into industrial, commercial, infrastructural and residential.

    UAE CONSTRUCTION MARKET

    Market Segmentation

    INDUSTRY TYPE

    • Industrial

    • Commercial

    • Infrastructural

    • Residential

    REGIONS

    • Dubai

    • Abu Dhabi

    • Sharjah

    • Rest of UAE

  • 3

    S. No. Contents Page No.

    1. Product Overview

    2. Research Methodology

    3. Analyst View

    4. UAE Constructions Market Outlook

    4.1. Market Size & Forecast

    4.1.1. By Value

    4.2. Market Share & Forecast

    4.2.1. By Industry Type (Industrial, Commercial, Infrastructure and Residential)

    4.2.2. By Company

    4.2.3. By Region

    4.3. Market Attractiveness Index

    5. UAE Industrial Construction Market Outlook

    5.1. Market Size & Forecast

    5.1.1. By Value

    5.2. Market Share & Forecast

    5.2.1. By Region

    6. UAE Infrastructure Construction Market Outlook

    6.1. Market Size & Forecast

    6.1.1. By Value

    6.2. Market Share & Forecast

    6.2.1. By Region

    7. UAE Industrial Construction Market Outlook

    7.1. Market Size & Forecast

    T a b l e o f C o n t e n t s Table of Contents

  • 4

    S. No. Contents Page No.

    7.1.1. By Value

    7.2. Market Share & Forecast

    7.2.1. By Region

    8. UAE Residential Construction Market Outlook

    8.1. Market Size & Forecast

    8.1.1. By Value

    8.2. Market Share & Forecast

    8.2.1. By Region

    9. Pricing Analysis

    10. Market Dynamics

    10.1. Drivers

    10.2. Challenges

    11. Market Trends & Developments

    12. Policy & Regulatory Landscape

    13. UAE Economic Profile

    14. Competitive Landscape(Leading Companies)

    15. Strategic Recommendations

    16. About us & Disclaimers

    T a b l e o f C o n t e n t s Table of Contents

  • RESEARCH METHODOLOGY

  • 6

    Research Methodology

    ✓ Identifying Key Opinion

    Leaders

    ✓ Questionnaire Design

    ✓ In-depth Interviews

    Data Collection

    Developing List of Respondents

    Formulating Questionnaire

    Market Profiling

    Data Validation

    Data Analysis

    In-depth secondary research was conducted to

    determine top players in UAE Construction market,

    overall market size and segmental market size.

    In order to conduct industry experts’

    interviews, TechSci formulated a detailed

    discussion guide.

    List of industry players and industry

    specialists was developed.

    TechSci conducted interviews with

    industry experts and industry players for data collection and

    verification.

    Data obtained as a result of primary and secondary research was

    validated through rigorous

    triangulation.

    The data was scrutinized using MS-Excel, statistical

    tools and internal proprietary database to obtain qualitative and

    quantitative insights about UAE Construction market.

    Data

    Collection

    Data Filter

    & Analysis Research &

    Intelligence

    Actionable

    Insights Business

    Solution

    Primary Research Desk Research Company Analysis

    ✓ Recent Developments

    ✓ Market Changing

    Aspects/Dynamics

    ✓ Government Policies

    ✓ Final Conclusion

    ✓ Market Participants

    ✓ Key Strengths

    ✓ LinkedIn ✓ TechSci Internal

    Database

    ✓ Factiva ✓ Hoovers

    Paid Sources

    ✓ Company Websites ✓ Company Annual

    Reports ✓ White Paper Study ✓ Financial Reports ✓ Investor

    Presentations ✓ Regulatory Body ✓ Associations, etc.

    Secondary Research

    Primary Research

  • 7

    Research Methodology

    Baseline Methodology

    Our dedicated team of industry experts has monitored and analyzed various aspects of UAE Construction market. The team has analyzed the

    outlook of various segments of this market, while considering the major influencing factors such as significant investments in infrastructure and

    housing development project and speculated a positive outlook during the next five years. The study includes market forecasting, which would

    enable our clients to take better decisions while planning their strategy to achieve sustainability in UAE Construction market.

    Methodology Followed for Calculation of Market Size:

    • Market Size by Value: Market size, in terms of value, for the year 2019 was calculated based on information collected through exhaustive

    secondary research and primary surveys, with various key opinion leaders/stakeholders, such as construction companies, distributors, suppliers,

    industry experts, and other industry participants.

    • The team interviewed more than 20 construction suppliers, 20 construction distributors/dealers, 20 industry experts and other value chain

    stakeholders in UAE construction market to obtain the overall market size for 2015-2019, which was validated by the Delphi technique. Taking

    standard deviation into consideration, the market size was averaged out, to arrive at the market size data for 2015-2019.

  • 8

    Research Methodology

    • Respondents were asked about the current and future market growth rates, market shares by industry type and by each region. Removing the

    outlier responses, the geometric mean of growth estimates and supplier wise revenue shares generated across various segments were considered,

    to arrive at the final revenue shares. Revenue shares generated across various segments were further triangulated from other stakeholders

    depending upon the type of Construction.

    Methodology Followed for Calculation of Market Shares:

    Market shares by industry type, by region and by company were calculated based on the responses received through primary surveys with industry

    experts, in which the respondents were asked about the market shares, trends and recent development in the UAE Construction market. The final

    shares were calculated by taking the geometric mean of the responses gathered from key opinion leaders after eliminating the outliers.

    Methodology Followed for Forecasting:

    • TechSci Research performed periodical checks on data collected through the surveys with logic checks and analyzed the survey results in

    SPSS/Tableau Software.

    • Data triangulation techniques were applied to fill the gaps and to present a more meaningful picture of the market. To forecast UAE Construction

    market, TechSci Research used various forecast techniques such as:

    ✓ Moving Average

    ✓ Time Series Analysis

    ✓ Regression Analysis

    ✓ Econometric and Judgmental Analysis

  • 9

    Research Methodology

    TechSci Research used its own forecast tool, which is based on the growth of various allied industries in respective regions. TechSci Research also used

    the impact analysis during short, medium and long- term period to estimate the demand and to reach accurate market numbers. It should be noted

    that the figures compiled are only for the organized market including market share data.

    Partial List of Companies Interviewed Key Secondary Sources

    ▪ 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

    ▪ World Bank

    ▪ TechSci Research Proprietary Database & Knowledge

    Repository

    ▪ Company Annual Reports

    ▪ Industry Reports

    ▪ General Authority of Statistics

    ▪ News Dailies

    ▪ Credible Paid Databases

    ▪ BP Statistics

  • 10

    Industry Brief

    According to TechSci Research report, “UAE Construction Market, By Industry Type, By Region, Competition, Forecast & Opportunities, 2025”, construction

    market in UAE is expected to grow at brisk rate during the forecast period on account of growing use of innovative technologies to make the construction safer &

    efficient and increasing investment for the development of infrastructure.

    Ongoing infrastructural projects in the country due to Expo 2020 is driving the construction market as the event is predicted to substantially boost the tourism of

    the country. Also, government of