uae construction market size, share & forecast 2025

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MARKET INTELLIGENCE . CONSULTING www.techsciresearch.com UAE CONSTRUCTION MARKET MARKET FORECAST & OPPORTUNITIES 2015 - 2015

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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.

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Page 1: 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

Page 2: UAE Construction Market Size, Share & Forecast 2025

2

Scope of ReportProduct 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 onaccount of significant investments in infrastructure and housing development project.Moreover, Expo 2020 and government’s push for smart cities is positively influencing theconstruction market in UAE. In terms of industry type, market can be segregated intoindustrial, commercial, infrastructural and residential.

UAE CONSTRUCTION MARKET

Market Segmentation

INDUSTRY TYPE

• Industrial

• Commercial

• Infrastructural

• Residential

REGIONS

• Dubai

• Abu Dhabi

• Sharjah

• Rest of UAE

Page 3: UAE Construction Market Size, Share & Forecast 2025

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

Page 4: UAE Construction Market Size, Share & Forecast 2025

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

Page 5: UAE Construction Market Size, Share & Forecast 2025

RESEARCH METHODOLOGY

Page 6: UAE Construction Market Size, Share & Forecast 2025

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

& AnalysisResearch &

Intelligence

Actionable

InsightsBusiness

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

Page 7: UAE Construction Market Size, Share & Forecast 2025

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.

Page 8: UAE Construction Market Size, Share & Forecast 2025

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

Page 9: UAE Construction Market Size, Share & Forecast 2025

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

Page 10: UAE Construction Market Size, Share & Forecast 2025

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 the country is showing active interest in diversifying the economy and reduce dependency on oil which will attract investors,

propelling the growth of the construction market in the country.

UAE construction market can be segmented based on industry type and region. Based on the industry type, market can be segregated into industrial,

commercial, infrastructural and residential. Infrastructural industry type is forecast to account for significant share on the back of government’s focus on smart

cities. Furthermore, massive public investment in infrastructure is projected to spur growth of the segment through 2025. Other initiatives by the government like

Ministry of Education Strategic Plan 2017-21, Education 2020 Strategy, Dubai Tourism Strategy and Sheikh Zayed Housing Programme are catalyzing the

growth in other industries.

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, among others are the leading players operating in the UAE construction market.

“Dubai is expected to account for the largest share in terms of region in the UAE construction market on account of projects such as Dubai South, Dubailand,

among others and development of smart cities. Additionally, the government of the country plans to transform Dubai into world’s smart city in the next five years.

Rewarded private and public contracts for the development of new hotels & commercial building and initiatives for Dubai’s new transportation are positively

impacting the construction market.”, said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.

Page 11: UAE Construction Market Size, Share & Forecast 2025

11

Sample Data - Snapshot

5.00 6.00 7.00 8.00 9.00 10.00 11.00 12.00 13.00 14.00 15.00

2015 2019 2020E 2025FCAGR BY VALUE

XX%CAGR BY VALUE

YY%

UAE Construction Market Size, By Value, 2015–2025F (USD Million)

UAE Construction Market Share, By Company, By Volume, 2019

100% 15%

10%8%

5%4%

58%

Total Company 1 Company 2 Company 3 Company 4 Company 5 Others

25%25%25%25%25%25%25%25%25%25%25%

25%25%25%25%25%25%25%25%25%25%25%

25.00%25.00%25.00%25.00%25.00%25.00%25.00%25.00%25.00%25.00%25.00%

25.00%25.00%25.00%25.00%25.00%25.00%25.00%25.00%25.00%25.00%25.00%

2015

2017

2019

2021F

2023F

2025F

Industrial Commercial Infrastructure Residential

UAE Construction Market Share, By Industry Type, By Value, 2015–2025F

Page 12: UAE Construction Market Size, Share & Forecast 2025

12

Report Ordering

License Type Price

Electronic Access - Single User License $4450

Electronic Access - Multi-User License $5450

Custom Research License $8450

Report Price

To View Sample OR Purchase Report

Report Name: UAE CONSTRUCTION MARKET

MARKET FORECAST & OPPORTUNITIES

2015-2015

Page 13: UAE Construction Market Size, Share & Forecast 2025

About Us & Disclaimer

TechSci Research is a global market research and consulting company with offices in the US, UK and India. TechSci Research provides market research reports in number of areas

to organizations. The company uses innovative business models that focus on improving productivity, while ensuring creation of high-quality reports. The proprietary forecasting

models use various analyses of both industry-specific and macroeconomic variables on a state-by-state basis to produce a unique ‘bottom-up’ model of a country, regional and

global industry prospects. Combined with the detailed analysis of company activity and industry trends, the result is a uniquely rich evaluation of the opportunities available in the

market.

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The contents of this report are based on information generally available to the public from sources believed to be reliable. No representation is made that it is timely, accurate or

complete. TechSci Research has taken due care and caution in compilation of data as this has been obtained from various sources including which it considers reliable and first hand.

However, TechSci Research does not guarantee the accuracy, adequacy or completeness of any information and it is not responsible for any errors or omissions or for the results

obtained from the use of such information and especially states that it has no financial liability whatsoever to the subscribers / users of this report. The information herein, together

with all estimates and forecasts, can change without notice. All the figures provided in this document are indicative of relative market size and are strictly for client’s internal

consumption. Usage of the same for purpose other than internal will require prior approval of TechSci Research.

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