Massive Construction Projects Will Keep Steel Demand Strong in UAEBy: Shushmul Maheshwari
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Massive Construction Projects Will Keep Steel Demand Strong in UAE
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With growing economy that raised the investment in construction and infrastructure development activities, the annual domestic consumption of steel in the UAE surged from 4 Million Tons in 2006 to over 6 Million Tons in 2007, as per the new research report, “UAE Steel Industry Analysis”, from RNCOS.
The report sees the UAE as the frontrunner in the Gulf region due to its booming construction sector which is anticipated to see investment of nearly US$ 94 Billion between 2007 and 2009. However, the point of concern is the localization of construction activities to Dubai, but this trend is expected to change in coming years, with the entire federation seeing unprecedented growth, especially the emirate of Abu Dhabi.
Several large-scale development projects have taken off in Dubai to make the UAE a popular tourist and business destination. These include Burj Dubai, Underwater Hotel, Dubailand, Business Bay, Palm Islands, Dubai Festival City, The World and Dubai Waterfront. Moreover, these projects will not only keep contractors busy, but also build a stable foundation for long-term economic growth of the country.
The ongoing development projects clearly reflect the growing demand for steel, cement and other construction material in the UAE which has continuously maintained double-digit economic growth rate. Besides, large infrastructure and property development projects have spurt the prices of steel tremendously in the country. Continuously rising demand for steel has created a big market for steel suppliers and stockists who compete to provide a wide range of steel on demand.
“UAE Steel Industry Analysis” gives exhaustive analysis along with statistical information on the growing steel market in the UAE. It thoroughly studies market trends, evolving markets, growth prospects and investment opportunities in the UAE and GCC steel markets. It also provides panoramic view on various segments of the industry by correlating past market growth and key growth drivers such as economic performance of the industry, long-term metal demand, competitive structure and government rules and regulations, helping clients to modify their investment strategies accordingly.
The report also provides forecast on steel production by country, rebar steel consumption by country and construction industry.
For more information visit: http://www.rncos.com/Report/IM135.htm
Current Industry News: http://www.rncos.com/Blog/http://www.rncos.com/ |
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| Keywords |
UAE Steel Industry Analysis, Steel Industry, Steel Industry of UAE, Future of UAE Steel Industry, Growth of UAE Steel Industry, Key Players of UAE Steel Industry, Steel Demand in UAE |
| Category |
Business |
| Submission Date |
Dec 13, 2008 |
| Article Contact Name |
Shushmul Maheshwari || send email to Shushmul Maheshwari
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Other links at Business |
| 1. |
RNCOS Releases a New Report- Global Convenience Store Market Analysis
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RNCOS has recently added a new Market Research Report titled, "Global Convenience Store Market Analysis" to its report gallery. The report provides extensive analysis on the booming c-store market. It provides an insight into the c-store industry across Asia, Europe and North America, and gives a brief overview on the consumer behavior. The report helps the client analyze the trends in c-store retailing across the world and identify the key emerging markets. Future growth areas and challenges for the industry mentioned in the research help the client to align their business strategies as per the changing market dynamics.
Rapid economic development, along with booming retail industry, has been propelling the growth of convenience store (c-store) industry across the world. The global c-store industry has shown tremendous growth over the past few years, particularly in the emerging economies of Asia. Moreover, the increasing share of modern retail outlets and emerging trends in organized retailing are anticipated to drive the industry further in near future.
Key Findings
- Increasing trend of organized retailing will drive the growth of c-store industry in the world. By 2011, modern retail trade is expected to account for more than 55% share in overall retail industry Asia alone.
- The c-store industry has reached the mature stage in most of the developed countries of Europe and North America.
- Asia remains the fastest growing c-store market in the world as the major Asian retail markets registered explosive growth in opening up of new convenience store.
- Changing consumer preferences, lifestyle and rising income level, which is heavily influenced by economic growth, remains the major driving force for c-store industry in the Asian region.
- China remains the largest market for c-store industry after Japan in Asia. China recorded a CAGR increase of 15.28% in the number of c-stores during 2004-2006.
Key Issues Analyzed
- Overview on different retail formats (traditional and modern).
- Market size of the c-store industry with regional segregation.
- Country-wise analysis of the c-store industry.
- Study of consumer behavior in different countries.
- Analysis of the factors responsible for the growth of c-store industry.
- Challenges for the c-store industry.
Research Methodology Used
Information Sources
Information has been sourced from books, newspapers, trade journals, and white papers, industry portals, government agencies, trade associations, monitoring industry news and developments, and through access to more than 3000 paid databases.
Analysis Methods
The analysis methods include ratio analysis, historical trend analysis, linear regression analysis using software tools, judgmental forecasting, and cause and effect analysis.
For more information visit: http://rncos.com/Report/IM119.htm
Current Industry News: http://www.rncos.com/Blog/
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| 2. |
Supermarkets to account for 20% of Poland Grocery Retail
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According to a new research report “Poland Supermarket Outlook to 2012” by RNCOS, increasing investments by retailers in supermarket and drifting consumer preference will drive the share of supermarkets in grocery retail. It is anticipated that by 2012, supermarkets will account for around 20% of the total grocery retail sales in Poland from 12% in 2008. The increasing penetration of supermarket chains will be driven by favorable consumer behavior and unprecedented growth in the grocery retail sales at supermarkets.
Also, changing market dynamics and stiff competition in urban areas have forced these chains to enter smaller cities and rural areas. Till now, supermarkets have restricted themselves to urban areas which have been contributing more than 90% towards the top line growth of these chains. Smaller towns still remain an unexplored territory for chains operators’ who are facing intense competition in urban market. By tapping smaller towns, chains operators can continue to drive their top as well as bottom line growth and can also succeed in their vertical expansion plans by entering various sub markets.
The Polish supermarket industry has expanded considerably over the past decade and has remained one of the fastest growing segments of the organized retail industry. The phenomenal growth in the supermarket segment has been driven by the entry of foreign retail chain operators as compared to domestic retail chain operators. In future, these chains will shift their focus towards smaller towns and cities from urban areas.
“Poland Supermarket Outlook to 2012” is an extensive research and objective analysis on the growing supermarket industry in Poland. This report helps clients to analyze the factors critical to the success of supermarket industry in Poland. Detailed data and analysis helps investors, financial service providers and global banking players navigate through the latest trends in the Polish supermarket industry.
The report provides segment-wise analysis, forecast, consumer behavior, and the areas for the future growth. The extent of the information covered in the report helps in understanding the market dynamics and the corresponding factors responsible for transformation of the industry.
For FREE SAMPLE of this report visit: http://www.rncos.com/Report/IM032.htm
Check DISCOUNTED REPORTS on: http://www.rncos.com
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| 3. |
UAE Medical Insurance Poised to Grow 45%
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RNCOS, in its new research report “UAE Insurance Market Forecast to 2012”, says that medical insurance in the UAE is expected to grow at a CAGR of over 45% (local currency) between 2009 and 2012. It has recently observed the highest growth among all the insurance segments in the country. The demand for medical insurance witnessed CAGR growth of around 54% from 2006 to 2008 following the enactment of a law mandating health coverage for expatriate workers. Private sector companies in certain cities such as Abu Dhabi and the free trade zones must provide all their employees and families with a private medical plan. Consequently, majority of multinationals in the UAE (85%) provide a supplementary medical insurance policy, usually through an insured arrangement.
We expect that medical insurance in the UAE will continue to observe robust growth due to increasing number of expatriates and enhanced government support like the establishment of separate regulatory authority for health insurance and allowing private institutions to sell policies. The establishment of a federal health insurance authority to regulate the industry in the UAE will definitely help the industry to move a step ahead. The authority will have its own rules and regulations regarding new establishments and foreign investment cap. This will help in attracting foreign investments and will enable the regulator to monitor the performance of the medical insurance more closely.
“UAE Insurance Market Forecast to 2012” contains an extensive research and in-depth analysis of insurance market in the UAE, with focus on key products and services. The report gives an overview of insurance market structure and studies the market trends to help clients to analyze the leading-edge opportunities in the UAE insurance Industry. Detailed data and analysis help investors, financial service providers and global insurance players to navigate through the evolving insurance sector in the country.
The report also gives forecast on various segments of the insurance industry, including life insurance, medical insurance, accident & liability, fire and other non-life insurances.
For FREE SAMPLE of this report visit: http://www.rncos.com/Report/IM023.htm
Check DISCOUNTED REPORTS on: http://www.rncos.com
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| 4. |
RNCOS Releases a New Report- Global Convenience Store Market Analysis
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|
|
RNCOS has recently added a new Market Research Report titled, “Global Convenience Store Market Analysis” to its report gallery. Rapid economic development, along with booming retail industry, has been propelling the growth of convenience store (c-store) industry across the world. The global c-store industry has shown tremendous growth over the past few years, particularly in the emerging economies of Asia. Moreover, the increasing share of modern retail outlets and emerging trends in organized retailing are anticipated to drive the industry further in near future, as per "Global Convenience Store Market Analysis", a research report by RNCOS.
The report provides extensive analysis on the booming c-store market. It provides an insight into the c-store industry across Asia, Europe and North America, and gives a brief overview on the consumer behavior. The report helps the client analyze the trends in c-store retailing across the world and identify the key emerging markets. Future growth areas and challenges for the industry mentioned in the research help the client to align their business strategies as per the changing market dynamics.
Key Findings
- Increasing trend of organized retailing will drive the growth of c-store industry in the world. By 2011, modern retail trade is expected to account for more than 55% share in overall retail industry Asia alone.
- The c-store industry has reached the mature stage in most of the developed countries of Europe and North America.
- Asia remains the fastest growing c-store market in the world as the major Asian retail markets registered explosive growth in opening up of new convenience store.
- Changing consumer preferences, lifestyle and rising income level, which is heavily influenced by economic growth, remains the major driving force for c-store industry in the Asian region.
- China remains the largest market for c-store industry after Japan in Asia. China recorded a CAGR increase of 15.28% in the number of c-stores during 2004-2006.
Key Issues Analyzed
- Overview on different retail formats (traditional and modern).
- Market size of the c-store industry with regional segregation.
- Country-wise analysis of the c-store industry.
- Study of consumer behavior in different countries.
- Analysis of the factors responsible for the growth of c-store industry.
- Challenges for the c-store industry.
Research Methodology Used
Information Sources
Information has been sourced from books, newspapers, trade journals, and white papers, industry portals, government agencies, trade associations, monitoring industry news and developments, and through access to more than 3000 paid databases.
Analysis Methods
The analysis methods include ratio analysis, historical trend analysis linear regression analysis using software tools, judgmental forecasting, and cause and effect analysis.
For FREE SAMPLE of this report visit: http://www.rncos.com/Report/IM119.htm
Check DISCOUNTED REPORTS on: http://www.rncos.com
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| 5. |
Czech Republic Automobile Sector
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Automobile sector is an integral and important part of the Czech Republic economy. The geographical proximity of the country with other European countries provides it an inherent advantage for companies to tap the regional automobile market. The largest automobile producer and a major auto exporter in the region, the Czech Republic has sustained its dominant position and will continue to do so in future due to the rising level of investment in automobile sector, says the RNCOS research report “Czech Republic Automobile Sector”. It provides a detailed overview of the automobile industry in the country. The report provides segment-wise analysis of the automobile industry in terms of production, sales, and exports to evaluate the industry at micro level.
The future forecast given in the report helps the client to identify the potential segment(s) and to design market-centric strategies. The report also provides overview of the factors responsible for the growth of automobile industry in the Czech Republic, challenges to be faced, and the opportunities present in the market.
Key Findings
- More than 90% of automobile production in the Czech Republic is exported.
- Cars and LCVs dominate automobile production in the country.
- Sales of used cars have outperformed the sales of new cars in the Czech Republic.
- Passenger car stock is expected to reach 418.5 per 1000 people in the country by 2011.
- Car and LCV sales are expected to increase at a CAGR of 21% from 2008 to 2011.
- Skoda dominates the car & LCV production by accounting for more than 50% of the industry production.
- Motorcycle imports increased by 53% as compared to a 36% rise in sales of new motorcycles from Jan-Sep’ 2006 to Jan-Sep’ 2007.
Key Issues and Facts Analyzed
- Segment-wise overview of sales, production and export of automobiles in the Czech Republic.
- Import analysis of new and second-hand foreign branded cars.
- Factors driving the automobile industry in the Czech Republic.
- Potential obstacles for the industry and recommendations to overcome them.
- Key players operating in the Czech Republic automobile industry.
Research Methodology Used
Information Sources
The information has been compiled from authentic and reliable sources like books, newspapers, trade journals, and white papers, industry portals, government agencies, trade associations, monitoring industry news and developments, and through access to more than 3000 paid databases.
Analysis Method
Methods like historical trend analysis, linear regression analysis using software tools, judgmental forecasting, and cause and effect analysis have been used in the report for a prudent analysis.
For FREE SAMPLE of this report visit: http://www.rncos.com/Report/IM602.htm
Check DISCOUNTED REPORTS on: http://www.rncos.com
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