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Qatar Metal Working Market Analysis

The Qatari metalworking market is expected to record a CAGR of 4.5% over the forecast period.

• The metalworking industry intends to use more cutting-edge technology (sensors, Internet of Things, and artificial intelligence) to preserve competitive advantage while it works through some of the present industry problems. Similar to all industrial industries, metalworking will also face obstacles and overcome them while taking advantage of new chances.
• The market for metalworking suffered due to the COVID-19 pandemic. Government-imposed import/export prohibitions, social distancing measures, and many regulations meant to prevent the spread of the virus severely disrupted industrial processes and stopped the cross-border supply chains for raw materials, thus impacting the market. As a result, the market suffered a severe financial blow.
• On the plus side, governments have been compelled to permit the manufacturing of different healthcare goods, beds, and other items with a constrained labor force, which has increased the demand for metal working equipment. However, as the economy improves and governments remove limitations on manufacturing, demand for metal fabrication equipment is expected to increase in the future.
• Qatar's strong economic policies, favorable government regulations, and an increasing number of infrastructural projects have been the major drivers for the market. Companies like Frijns Steel Construction Middle East, Steel Master, and Pioneer Metal Company have benefited from the infrastructural growth.

Qatar Metal Working Industry Segmentation

Metalworking is the process of shaping and forming metals to create and design functional structures, equipment components, and instrumentation. Usually divided into the categories of forming, cutting, and joining, metalworking tasks may include techniques like cutting, welding, casting, and molding. Metals such as steel, aluminum, gold, silver, bronze, and iron are among the ferrous and non-ferrous materials used in metalworking equipment.

The Qatari metalworking market is segmented by process type (structural steel fabrication, architectural aluminum fabrication, architectural steel fabrication, pre-fabricated buildings, and pre-engineered buildings) and end-user industry (oil and gas, mining, energy and utilities, and water, industrial and logistics, building construction and other end-user industries (electronics, food processing, and aviation)). The report offers the market sizes and forecasts in value (USD billion) for all the above segments. The report also covers the impact of COVID-19 on the market.