Market Forecast By Type (Plate Work and Fabricated Structural Products, Ornamental and Architectural Metal Products), By Application (Construction, Manufacturing, Others) And Competitive Landscape
Product Code: ETC360652 | Publication Date: Aug 2022 | Updated Date: Feb 2024 | Product Type: Market Research Report | |
Publisher: 6Wresearch | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 | |
Report Name | Egypt Architectural and Structural Metals Market |
Forecast period | 2024-2030 |
CAGR | 5.8% |
Growing Sector | Construction |
Egypt Architectural And Structural Metals Market report thoroughly covers the market by type and by application. The market outlook report provides an unbiased and detailed analysis of the ongoing market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.
The market for architectural and structural metals in Egypt is experiencing a rising trajectory, bolstered by the country's growing construction sector. This growth is propelled by significant investments in infrastructure projects, urban development, and an increasing demand for sustainable and high-quality construction materials. Efforts to modernize and expand cities are creating a robust demand for metal products used in construction frameworks, façade elements, and ornamental works.
According to 6Wresearch, the Egypt Architectural And Structural Metals Market size is estimated to grow at a CAGR of 5.8% during the forecast period 2024-2030. A key driver for this market is the rapid urbanization coupled with the government's focus on developing new urban hubs, which necessitates a substantial amount of architectural and structural metals. Furthermore, initiatives to rehabilitate and reinforce old structures are also contributing to market expansion. The trend towards eco-friendly and energy-efficient buildings is further spurring innovation and usage of these metals.
At present, trends within the Egypt Architectural And Structural Metals industry include the integration of advanced technologies like 3D modeling in metalwork design and production, which is enhancing precision and efficiency. There is also a noticeable shift towards more sustainable materials and methods, aligning with global environmental concerns. The inclusion of smart technology in buildings is increasing the demand for metals compatible with high-tech sensors and systems. These trends are expected to continue shaping the market dynamics in the coming years.
The Egyptian government has launched several initiatives to bolster the architectural and structural metals market. These include the ambitious 'Egypt Vision 2030', which emphasizes sustainable urban development and infrastructure enhancement as one of its integral pillars. Substantial investments in mega projects, such as the New Administrative Capital, are set to increase the demand for high-quality metals. The government is also promoting Foreign Direct Investment (FDI) in the sector and offering incentives for companies utilizing advanced technologies and environmentally conscious practices.
The market landscape is comprised of a mix of local and international players. Some of the key players in the Egypt architectural and structural metals market include Ezz Steel, Beshay Steel, and El Marakby Steel.
The Egypt architectural and structural metals market growth is anticipated to comprise a bright future. This will be driven by ongoing development projects, increased focus on infrastructure, and rising consumption of energy-efficient and sustainable metal products. Innovation in the sector, such as the use of nanotechnology for metal treatment, and the development of new alloys, is likely to open up new opportunities. Additionally, the potential increase in export activities, on the back of competitive pricing and strategic geographical location, could further enhance the market's growth trajectory.
According to Dhaval, Research Manager, 6Wresearch, ornamental and architectural metal products are experiencing a surge in growth. This sector thrives as aesthetics and design become increasingly significant in new construction projects, with architects and developers seeking custom and innovative metalwork to differentiate their buildings.
Based on the application, the construction sector is driving the market growth. This expansion is largely attributed to a surge in residential and commercial building projects, spurred by Egypt's increasing urban population and governmental initiatives aimed at stimulating the real estate sector.
The report offers a comprehensive study of the subsequent market segments:
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Egypt Architectural and Structural Metals Market Overview |
3.1 Egypt Country Macro Economic Indicators |
3.2 Egypt Architectural and Structural Metals Market Revenues & Volume, 2020 & 2030F |
3.3 Egypt Architectural and Structural Metals Market - Industry Life Cycle |
3.4 Egypt Architectural and Structural Metals Market - Porter's Five Forces |
3.5 Egypt Architectural and Structural Metals Market Revenues & Volume Share, By Type, 2020 & 2030F |
3.6 Egypt Architectural and Structural Metals Market Revenues & Volume Share, By Application, 2020 & 2030F |
4 Egypt Architectural and Structural Metals Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Egypt Architectural and Structural Metals Market Trends |
6 Egypt Architectural and Structural Metals Market Segmentations |
6.1 Egypt Architectural and Structural Metals Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Egypt Architectural and Structural Metals Market Revenues & Volume, By Plate Work and Fabricated Structural Products, 2020-2030F |
6.1.3 Egypt Architectural and Structural Metals Market Revenues & Volume, By Ornamental and Architectural Metal Products, 2020-2030F |
6.2 Egypt Architectural and Structural Metals Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 Egypt Architectural and Structural Metals Market Revenues & Volume, By Construction, 2020-2030F |
6.2.3 Egypt Architectural and Structural Metals Market Revenues & Volume, By Manufacturing, 2020-2030F |
6.2.4 Egypt Architectural and Structural Metals Market Revenues & Volume, By Others, 2020-2030F |
7 Egypt Architectural and Structural Metals Market Import-Export Trade Statistics |
7.1 Egypt Architectural and Structural Metals Market Export to Major Countries |
7.2 Egypt Architectural and Structural Metals Market Imports from Major Countries |
8 Egypt Architectural and Structural Metals Market Key Performance Indicators |
9 Egypt Architectural and Structural Metals Market - Opportunity Assessment |
9.1 Egypt Architectural and Structural Metals Market Opportunity Assessment, By Type, 2020 & 2030F |
9.2 Egypt Architectural and Structural Metals Market Opportunity Assessment, By Application, 2020 & 2030F |
10 Egypt Architectural and Structural Metals Market - Competitive Landscape |
10.1 Egypt Architectural and Structural Metals Market Revenue Share, By Companies, 2023 |
10.2 Egypt Architectural and Structural Metals Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |