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Advanced Manufacturing - Industry - MEA Market, Share and Trends 2023-2028

Report ID:

AMIND1M

|

Industry:

Summary of Advanced Manufacturing

To increase production output and quality, companies are increasingly turning to advanced manufacturing techniques. The term “advanced manufacturing” is used to describe a wide range of processes, such as robots, automation and additive manufacturing.

Businesses have placed a greater emphasis on advanced manufacturing in recent years as a means to boost productivity, save expenses and increase product quality. In this booming space, according to our own estimate – we can say that the advanced manufacturing industry in the MENA region is forecasted to be a $ 30.26 Billion industry in 2029 from $24.00 billion in 2023 with a CAGR of 5.91%.

Looking ahead– the manufacturing landscape in the MENA region is expected to evolve significantly. Countries are focusing on advanced manufacturing technologies like 3D printing, robotics and artificial intelligence to boost productivity and competitiveness. Sustainable manufacturing practices will also become increasingly important to address environmental challenges. Regional trade agreements can further stimulate manufacturing-led growth if implemented effectively.

Countries such as Saudi Arabia, the UAE, Egypt and Morocco have emerged as manufacturing hubs–attracting global manufacturers through competitive incentives and access to large consumer markets.

Recent Trends and Insights

Recent activities in Saudi Arabia in the advanced manufacturing area include the promotion of industrial innovation with the establishment of 15 new factories for vital medicines and assembling aircraft components. Additionally – the country has witnessed the opening of its first-ever car manufacturing facility by Lucid Group, which is expected to produce electric vehicles and support the growth of the Kingdom’s automotive supply chain.

Honeywell is also set to open an advanced regional manufacturing center at the King Salman Energy Park– reflecting the company’s strategic growth objectives in the Kingdom and its support for the local capabilities in research, development and manufacturing of cutting-edge technology.

Saudi Arabia’s Advanced Manufacturing Hub Strategy has identified more than 800 investment opportunities totaling $273 billion – indicating a strong focus on advancing the manufacturing sector through digitalization and diversification.

The Minister of Industry and Mineral Resources has highlighted the country’s readiness to embrace modern manufacturing technologies, supported by initiatives such as the “Made in Saudi” program, which aims to enhance the identity of regional products and make foreign markets accessible to local exporters.

Product Insights

The market for 3D printing polymers and composites is growing over 20% annually in the Gulf. Nylon, ABS, PLA and specialty filaments are commonly used in applications like medical devices, automotive components & consumer goods.

Industrial robots – are being deployed increasingly in automotive plants, electronics factories and oil & gas facilities to improve productivity and quality. Collaborative robots are also finding new applications working safely alongside humans.

Manufacturers are leveraging technologies like RFID, sensors, and cloud/edge computing to digitize operations and gain real-time visibility. This enables applications like predictive maintenance, remote monitoring and data-driven process optimization. Drones are used for infrastructure inspection, surveillance, precision agriculture and warehouse inventory management in the region.

Demand is growing for polymer and metal 3D printers as well as post-processing equipment from global suppliers like Stratasys, 3D Systems and EOS. Local startups are also launching affordable desktop 3D printers.

Key Companies

Some major players within this vast domain of industry are

  • Stratasys
  • Siemens
  • Honeywell
  • GE
  • FANUC
  • SAP
  • Autodesk
  • Mitsubishi Heavy Industries
  • Titomic
  • SPEE3D
  • 3D Hubs

Regional Analysis

Saudi Arabia has ambitious targets under Vision 2030 to localize 50% of military equipment spending by 2030. Major defense contractors are setting up manufacturing JVs to capitalize on this opportunity.

The UAE is developing new industrial cities and free zones to attract high-tech manufacturers. Dubai is emerging as a regional hub for 3D printing with several startups commercializing new applications.

Egypt’s automotive industry is growing rapidly with new vehicle and component plants by companies like BMW and Mercedes. The government is offering incentives to boost local content in electric vehicles.

Morocco is leveraging its proximity to Europe and competitive costs to attract aerospace, automotive and renewable energy manufacturers. Renault-Nissan and Boeing have expanded local production facilities.

Tunisia has a skilled workforce and is encouraging electronics manufacturers to relocate some operations from Asia through tax breaks and trade deals.

Some Middle East countries – chiefly in the GCC – These countries seek to meet national and regional demand and position themselves as export platforms.

Market Segmentation

By Type:

  • Additive manufacturing/3D printing
  • Automation/robotics
  • Industrial internet of things (IIoT) and industrial analytics
  • Plant asset management (PAM)
  • Manufacturing execution systems (MES)
  • Industrial controls

By End user:

  • Manufacturer and Retailer
  • Distinct industries like automotive, aerospace, electronics
  • Process industries like oil & gas, chemicals, pharmaceuticals
  • Energy and utilities
  • Food and beverage

By Enterprise Size:

  • Large Industries
  • Small & Medium Industries

By Countries:

  • Saudi Arabia
  • Iran
  • United Arab Emirates
  • Israel
  • Egypt
  • Iraq
  • Qatar

Our Methodology

We have offered a well-founded review of the Middle East and Africa’s advanced manufacturing market along with ongoing trends and upcoming projections to highlight proximate investment opportunities in this report. Moreover, an extensive analysis of any future prospects, challenges, competitors, or navigating aspects is also provided. A methodical detailed regional examination is presented.

Primary Research  

Our multi-pronged research approach includes interviews with industry leaders and a global survey of advanced manufacturing professionals to gain qualitative insights. We utilize our proprietary databases encompassing key performance indicators worldwide in order to collate relevant data points. A multivariate forecasting framework considering historical performance, current dynamics and qualitative factors are utilized to develop market sizing and growth projections through 2029.

We supplement our primary research with a careful examination of secondary materials such as– case studies, news stories and references from other sources. Organizations can benefit from the strategic advice and conclusions offered because they will be better equipped to respond to the dynamic nature of this industry and seize emerging possibilities.

We employ a comprehensive and iterative research methodology focused on minimizing deviation to provide the most accurate market estimates. Our research utilizes a combination of bottom-up and top-down approaches across segments and utilizes databases, primary research insights and industry experts for analysis.

Raw data is obtained from multiple sources and thoroughly filtered to ensure only authenticated and validated sources are considered. We collect data from raw material suppliers, industry associations, technology providers, and buyers to gain a holistic perspective.

Quantitative Analysis

Our market estimates are derived through statistical models, beginning with collection of historical data and analysis of macro- and micro-economic factors influencing the market. Gathered information on market dynamics, technology and pricing trends are utilised to build the models.

Econometric and technological models are applied to project short- and long-term market potential respectively. A bottom-up approach is preferred to minimize errors. Key parameters considered include market drivers and restraints, material pricing trends, regulatory scenarios, and capacity additions.

Weights are assigned to these parameters based on impact analysis and market forecasting is performed via statistical tools and techniques. We believe this methodology results in an accurate and realistic market picture.

We value your investment and offer free customization with every report to fulfil your research needs.

Frequently Asked Questions

The MEA Size of the Advanced Manufacturing Industry is USD 24 Billion in 2023 and is expected to grow to USD 34.05 Billion by 2029

The CAGR of the Advanced Manufacturing Industry Market in MEA is 5.91%

The United Arab Emirates region accounts for 20% of the total market share of the Advanced Manufacturing Industry Market

The key players in the Advanced Manufacturing Industry Market in MEA are Saudi Aramco, SABIC, Mubadala Investment Company, Ezz Steel and ArcelorMittal. These industry leaders collectively contribute to shaping the landscape of this market and driving growth within the industry.

The factors driving the Advanced Manufacturing Industry Market in MEA are Economic Diversification, Infrastructure Development, Petrochemical Industry Growth, Foreign Direct Investments and Government Initiatives for Industrialization. These factors contribute to the overall growth of this industry, establishing it as a key player in the interconnected global economy.

Summary of Advanced Manufacturing

To increase production output and quality, companies are increasingly turning to advanced manufacturing techniques. The term “advanced manufacturing” is used to describe a wide range of processes, such as robots, automation and additive manufacturing.

Businesses have placed a greater emphasis on advanced manufacturing in recent years as a means to boost productivity, save expenses and increase product quality. In this booming space, according to our own estimate – we can say that the advanced manufacturing industry in the MENA region is forecasted to be a $ 30.26 Billion industry in 2029 from $24.00 billion in 2023 with a CAGR of 5.91%.

Looking ahead– the manufacturing landscape in the MENA region is expected to evolve significantly. Countries are focusing on advanced manufacturing technologies like 3D printing, robotics and artificial intelligence to boost productivity and competitiveness. Sustainable manufacturing practices will also become increasingly important to address environmental challenges. Regional trade agreements can further stimulate manufacturing-led growth if implemented effectively.

Countries such as Saudi Arabia, the UAE, Egypt and Morocco have emerged as manufacturing hubs–attracting global manufacturers through competitive incentives and access to large consumer markets.

Recent Trends and Insights

Recent activities in Saudi Arabia in the advanced manufacturing area include the promotion of industrial innovation with the establishment of 15 new factories for vital medicines and assembling aircraft components. Additionally – the country has witnessed the opening of its first-ever car manufacturing facility by Lucid Group, which is expected to produce electric vehicles and support the growth of the Kingdom’s automotive supply chain.

Honeywell is also set to open an advanced regional manufacturing center at the King Salman Energy Park– reflecting the company’s strategic growth objectives in the Kingdom and its support for the local capabilities in research, development and manufacturing of cutting-edge technology.

Saudi Arabia’s Advanced Manufacturing Hub Strategy has identified more than 800 investment opportunities totaling $273 billion – indicating a strong focus on advancing the manufacturing sector through digitalization and diversification.

The Minister of Industry and Mineral Resources has highlighted the country’s readiness to embrace modern manufacturing technologies, supported by initiatives such as the “Made in Saudi” program, which aims to enhance the identity of regional products and make foreign markets accessible to local exporters.

Product Insights

The market for 3D printing polymers and composites is growing over 20% annually in the Gulf. Nylon, ABS, PLA and specialty filaments are commonly used in applications like medical devices, automotive components & consumer goods.

Industrial robots – are being deployed increasingly in automotive plants, electronics factories and oil & gas facilities to improve productivity and quality. Collaborative robots are also finding new applications working safely alongside humans.

Manufacturers are leveraging technologies like RFID, sensors, and cloud/edge computing to digitize operations and gain real-time visibility. This enables applications like predictive maintenance, remote monitoring and data-driven process optimization. Drones are used for infrastructure inspection, surveillance, precision agriculture and warehouse inventory management in the region.

Demand is growing for polymer and metal 3D printers as well as post-processing equipment from global suppliers like Stratasys, 3D Systems and EOS. Local startups are also launching affordable desktop 3D printers.

Key Companies

Some major players within this vast domain of industry are

  • Stratasys
  • Siemens
  • Honeywell
  • GE
  • FANUC
  • SAP
  • Autodesk
  • Mitsubishi Heavy Industries
  • Titomic
  • SPEE3D
  • 3D Hubs

Regional Analysis

Saudi Arabia has ambitious targets under Vision 2030 to localize 50% of military equipment spending by 2030. Major defense contractors are setting up manufacturing JVs to capitalize on this opportunity.

The UAE is developing new industrial cities and free zones to attract high-tech manufacturers. Dubai is emerging as a regional hub for 3D printing with several startups commercializing new applications.

Egypt’s automotive industry is growing rapidly with new vehicle and component plants by companies like BMW and Mercedes. The government is offering incentives to boost local content in electric vehicles.

Morocco is leveraging its proximity to Europe and competitive costs to attract aerospace, automotive and renewable energy manufacturers. Renault-Nissan and Boeing have expanded local production facilities.

Tunisia has a skilled workforce and is encouraging electronics manufacturers to relocate some operations from Asia through tax breaks and trade deals.

Some Middle East countries – chiefly in the GCC – These countries seek to meet national and regional demand and position themselves as export platforms.

Market Segmentation

By Type:

  • Additive manufacturing/3D printing
  • Automation/robotics
  • Industrial internet of things (IIoT) and industrial analytics
  • Plant asset management (PAM)
  • Manufacturing execution systems (MES)
  • Industrial controls

By End user:

  • Manufacturer and Retailer
  • Distinct industries like automotive, aerospace, electronics
  • Process industries like oil & gas, chemicals, pharmaceuticals
  • Energy and utilities
  • Food and beverage

By Enterprise Size:

  • Large Industries
  • Small & Medium Industries

By Countries:

  • Saudi Arabia
  • Iran
  • United Arab Emirates
  • Israel
  • Egypt
  • Iraq
  • Qatar

Our Methodology

We have offered a well-founded review of the Middle East and Africa’s advanced manufacturing market along with ongoing trends and upcoming projections to highlight proximate investment opportunities in this report. Moreover, an extensive analysis of any future prospects, challenges, competitors, or navigating aspects is also provided. A methodical detailed regional examination is presented.

Primary Research  

Our multi-pronged research approach includes interviews with industry leaders and a global survey of advanced manufacturing professionals to gain qualitative insights. We utilize our proprietary databases encompassing key performance indicators worldwide in order to collate relevant data points. A multivariate forecasting framework considering historical performance, current dynamics and qualitative factors are utilized to develop market sizing and growth projections through 2029.

We supplement our primary research with a careful examination of secondary materials such as– case studies, news stories and references from other sources. Organizations can benefit from the strategic advice and conclusions offered because they will be better equipped to respond to the dynamic nature of this industry and seize emerging possibilities.

We employ a comprehensive and iterative research methodology focused on minimizing deviation to provide the most accurate market estimates. Our research utilizes a combination of bottom-up and top-down approaches across segments and utilizes databases, primary research insights and industry experts for analysis.

Raw data is obtained from multiple sources and thoroughly filtered to ensure only authenticated and validated sources are considered. We collect data from raw material suppliers, industry associations, technology providers, and buyers to gain a holistic perspective.

Quantitative Analysis

Our market estimates are derived through statistical models, beginning with collection of historical data and analysis of macro- and micro-economic factors influencing the market. Gathered information on market dynamics, technology and pricing trends are utilised to build the models.

Econometric and technological models are applied to project short- and long-term market potential respectively. A bottom-up approach is preferred to minimize errors. Key parameters considered include market drivers and restraints, material pricing trends, regulatory scenarios, and capacity additions.

Weights are assigned to these parameters based on impact analysis and market forecasting is performed via statistical tools and techniques. We believe this methodology results in an accurate and realistic market picture.

We value your investment and offer free customization with every report to fulfil your research needs.

Frequently Asked Questions

The MEA Size of the Advanced Manufacturing Industry is USD 24 Billion in 2023 and is expected to grow to USD 34.05 Billion by 2029

The CAGR of the Advanced Manufacturing Industry Market in MEA is 5.91%

The United Arab Emirates region accounts for 20% of the total market share of the Advanced Manufacturing Industry Market

The key players in the Advanced Manufacturing Industry Market in MEA are Saudi Aramco, SABIC, Mubadala Investment Company, Ezz Steel and ArcelorMittal. These industry leaders collectively contribute to shaping the landscape of this market and driving growth within the industry.

The factors driving the Advanced Manufacturing Industry Market in MEA are Economic Diversification, Infrastructure Development, Petrochemical Industry Growth, Foreign Direct Investments and Government Initiatives for Industrialization. These factors contribute to the overall growth of this industry, establishing it as a key player in the interconnected global economy.

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Understand the macroeconomic situations that affect the global positioning of countries.

Businesses can better understand how chatbots can advocate their vision.

DeFi helps reduce dependency on traditional methods of transactions.

Creating a sustainable environment for driving multiple countries into a better tomorrow.

Understand how the U.S. discrepancy in accordance to their debt creates a havoc. 

Sustainable blockchain technology has immense benefit for the environment which cannot go unnoticed.

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Featured Reports

Understand the macroeconomic situations that affect the global positioning of countries.

Businesses can better understand how chatbots can advocate their vision.

DeFi helps reduce dependency on traditional methods of transactions.

Creating a sustainable environment for driving multiple countries into a better tomorrow.

Understand how the U.S. discrepancy in accordance to their debt creates a havoc. 

Sustainable blockchain technology has immense benefit for the environment which cannot go unnoticed.