Product Code: ETC039384 | Publication Date: Jan 2021 | Updated Date: Apr 2025 | Product Type: Report | |
Publisher: 6Wresearch | Author: Ravi Bhandari | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 |
The Oman Metal Forging Market is likely to experience consistent growth rate gains over the period 2025 to 2029. Commencing at 1.20% in 2025, growth builds up to 2.70% by 2029.
By 2027, the Metal Forging market in Oman is anticipated to reach a growth rate of 2.02%, as part of an increasingly competitive Middle East region, where Saudi Arabia remains at the forefront, supported by United Arab Emirates, Iran, Qatar and Kuwait, driving innovations and market adoption across sectors.
The Oman metal forging market is expanding with the growth of the automotive, aerospace, and oil and gas industries. Forging processes offer superior mechanical properties and cost-effectiveness compared to other manufacturing methods, driving demand for forged components. Oman strategic location and infrastructure investments position the country as a key player in the global forging market.
The metal forging market in Oman is growing due to the expansion of industrial manufacturing activities. Forged metal components are crucial in automotive, aerospace, and oil & gas sectors where high strength and reliability are paramount. Additionally, advancements in forging technologies are further enhancing market growth.
The metal forging market in Oman faces challenges including the high cost of energy and raw materials, which impact production costs and profitability. Additionally, the market is sensitive to fluctuations in global demand for forged metal products, particularly from key end-user industries such as automotive and aerospace. Moreover, competition from low-cost imports and the need for skilled labor further complicate market dynamics, influencing pricing and supply chain strategies.
The Oman government supports the metal forging market through policies that promote local production and export growth. The Ministry of Commerce, Industry and Investment Promotion provides incentives for companies investing in modern forging technologies and supports initiatives to enhance skills in the sector.
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 Oman Metal Forging Market Overview |
3.1 Oman Country Macro Economic Indicators |
3.2 Oman Metal Forging Market Revenues & Volume, 2021 & 2031F |
3.3 Oman Metal Forging Market - Industry Life Cycle |
3.4 Oman Metal Forging Market - Porter's Five Forces |
3.5 Oman Metal Forging Market Revenues & Volume Share, By Raw Material, 2021 & 2031F |
3.6 Oman Metal Forging Market Revenues & Volume Share, By Applications, 2021 & 2031F |
4 Oman Metal Forging Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Oman Metal Forging Market Trends |
6 Oman Metal Forging Market, By Types |
6.1 Oman Metal Forging Market, By Raw Material |
6.1.1 Overview and Analysis |
6.1.2 Oman Metal Forging Market Revenues & Volume, By Raw Material, 2021-2031F |
6.1.3 Oman Metal Forging Market Revenues & Volume, By Carbon Steel, 2021-2031F |
6.1.4 Oman Metal Forging Market Revenues & Volume, By Alloy steel, 2021-2031F |
6.1.5 Oman Metal Forging Market Revenues & Volume, By Aluminum, 2021-2031F |
6.1.6 Oman Metal Forging Market Revenues & Volume, By Magnesium, 2021-2031F |
6.1.7 Oman Metal Forging Market Revenues & Volume, By Stainless Steel, 2021-2031F |
6.1.8 Oman Metal Forging Market Revenues & Volume, By Titanium, 2021-2031F |
6.2 Oman Metal Forging Market, By Applications |
6.2.1 Overview and Analysis |
6.2.2 Oman Metal Forging Market Revenues & Volume, By Automotive, 2021-2031F |
6.2.3 Oman Metal Forging Market Revenues & Volume, By Aerospace, 2021-2031F |
6.2.4 Oman Metal Forging Market Revenues & Volume, By Oil & Gas, 2021-2031F |
6.2.5 Oman Metal Forging Market Revenues & Volume, By Construction, 2021-2031F |
6.2.6 Oman Metal Forging Market Revenues & Volume, By Agriculture, 2021-2031F |
6.2.7 Oman Metal Forging Market Revenues & Volume, By Others, 2021-2031F |
7 Oman Metal Forging Market Import-Export Trade Statistics |
7.1 Oman Metal Forging Market Export to Major Countries |
7.2 Oman Metal Forging Market Imports from Major Countries |
8 Oman Metal Forging Market Key Performance Indicators |
9 Oman Metal Forging Market - Opportunity Assessment |
9.1 Oman Metal Forging Market Opportunity Assessment, By Raw Material, 2021 & 2031F |
9.2 Oman Metal Forging Market Opportunity Assessment, By Applications, 2021 & 2031F |
10 Oman Metal Forging Market - Competitive Landscape |
10.1 Oman Metal Forging Market Revenue Share, By Companies, 2024 |
10.2 Oman Metal Forging Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |