Product Code: ETC036720 | Publication Date: Aug 2023 | Updated Date: Feb 2025 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 | |
United Arab Emirates (UAE) Hardware market currently, in 2023, has witnessed an HHI of 2197, Which has increased slightly as compared to the HHI of 1731 in 2017. The market is moving towards moderately competitive. Herfindahl index measures the competitiveness of exporting countries. The range lies from 0 to 10000, where a lower index number represents a larger number of players or exporting countries in the market while a large index number means fewer numbers of players or countries exporting in the market.
The United Arab Emirates (UAE) hardware market has been witnessing steady growth over the years, driven by factors such as rapid urbanization, increasing construction activities, and infrastructure development. The demand for hardware products has been fueled by both residential and commercial sectors, as well as government-led initiatives aimed at boosting the country`s economy. The hardware market includes a wide range of products, such as power tools, hand tools, fasteners, building materials, and other construction-related products.
The UAE has experienced significant growth in its construction sector, with various ambitious projects, such as skyscrapers, malls, hotels, and infrastructure developments, driving the demand for hardware products. Further, the increasing urban population and the rise in disposable income have resulted in higher demand for residential properties, spurring the growth of the hardware market. Moreover, the UAE government`s continued investments in large-scale infrastructure projects, such as Expo 2025 and various transportation initiatives, have contributed to the expansion of the hardware market.
The UAE economy heavily relies on oil and gas exports, making it vulnerable to fluctuations in global oil prices. Any downturn in the oil market can impact the hardware sector`s growth. Further, the hardware industry heavily depends on raw material imports. Any disruptions in the global supply chain, such as trade conflicts or natural disasters, can affect the availability and cost of materials.
The COVID-19 pandemic had a significant impact on the UAE hardware market, as it did on many other industries. During the pandemic, construction activities were temporarily halted or slowed down due to lockdowns and restrictions, leading to a decline in demand for hardware products. However, with the gradual easing of restrictions and the resumption of economic activities, the hardware market started to recover. The pandemic also accelerated the adoption of digital technologies and e-commerce platforms in the hardware sector, changing consumer behavior and distribution channels.
The UAE hardware market is characterized by the presence of both domestic and international players. Some of the key players in the hardware industry in the UAE include Arab Building Materials Co., Al Ansari, Hardware Trading Establishment, Dubai Building Material Supply Centre, Emirates Building Systems Co. LLC, Stanley Black & Decker Inc. and Hilti Corporation.
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 United Arab Emirates (UAE) Hardware Market Overview |
3.1 United Arab Emirates (UAE) Country Macro Economic Indicators |
3.2 United Arab Emirates (UAE) Hardware Market Revenues & Volume, 2021 & 2031F |
3.3 United Arab Emirates (UAE) Hardware Market - Industry Life Cycle |
3.4 United Arab Emirates (UAE) Hardware Market - Porter's Five Forces |
3.5 United Arab Emirates (UAE) Hardware Market Revenues & Volume Share, By Type, 2021 & 2031F |
4 United Arab Emirates (UAE) Hardware Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 United Arab Emirates (UAE) Hardware Market Trends |
6 United Arab Emirates (UAE) Hardware Market, By Types |
6.1 United Arab Emirates (UAE) Hardware Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 United Arab Emirates (UAE) Hardware Market Revenues & Volume, By Type, 2021-2031F |
6.1.3 United Arab Emirates (UAE) Hardware Market Revenues & Volume, By Furniture Hardware, 2021-2031F |
6.1.4 United Arab Emirates (UAE) Hardware Market Revenues & Volume, By Motor Vehicle Hardware, 2021-2031F |
6.1.5 United Arab Emirates (UAE) Hardware Market Revenues & Volume, By Builder`s Hardware, 2021-2031F |
6.1.6 United Arab Emirates (UAE) Hardware Market Revenues & Volume, By Other Hardware, 2021-2031F |
7 United Arab Emirates (UAE) Hardware Market Import-Export Trade Statistics |
7.1 United Arab Emirates (UAE) Hardware Market Export to Major Countries |
7.2 United Arab Emirates (UAE) Hardware Market Imports from Major Countries |
8 United Arab Emirates (UAE) Hardware Market Key Performance Indicators |
9 United Arab Emirates (UAE) Hardware Market - Opportunity Assessment |
9.1 United Arab Emirates (UAE) Hardware Market Opportunity Assessment, By Type, 2021 & 2031F |
10 United Arab Emirates (UAE) Hardware Market - Competitive Landscape |
10.1 United Arab Emirates (UAE) Hardware Market Revenue Share, By Companies, 2024 |
10.2 United Arab Emirates (UAE) Hardware Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |