Prospects for the hardware tools market in the Middle East are optimistic

According to recent forecasts from authoritative industry organizations, by 2013, the global home repair and DIY market will reach US$637.5 billion, up 12% from 2008; the demand for power tools will reach Dh10 billion (US$28 billion). The average growth rate is close to 4%; other derivatives have also increased to varying degrees. For example, the global market size of all kinds of helmets/helmets (builder necessities) mainly driven by the construction market will reach 23 billion dirhams ($6.3 billion) by 2015. ).
In recent years, although the development speed of the global construction and real estate industry has been slowed down by the global financial crisis, with the recovery of national economies and the gradual cracking of real estate financing problems, Middle East buildings dominated by the United Arab Emirates, Saudi Arabia and Kuwait. The market still maintains strong vitality and gradually picks up, driving demand for machinery, electrical appliances and water pipes (MEP) in the Middle East to increase, and the hardware tools market continues to grow.
The United Arab Emirates is the center of the Middle East construction industry. At present, its 1,372 construction projects total about 900 billion US dollars. In Dubai and Abu Dhabi, construction sites can be seen everywhere, and luxury hotels and luxury office buildings abound. According to statistics, in the first three quarters of 2009, despite the financial difficulties, nearly 2,000 buildings in Dubai were completed, which established confidence in the market recovery. The population of Saudi Arabia will double in the next 20 years, and the demand for housing and commercial buildings will remain strong, which will surely boost the market demand for local construction machinery, hardware and tools.
According to the statistics of relevant institutions, the contract value of construction and infrastructure projects acquired in the Middle East Gulf region will reach US$114 billion in the coming year. The amount of related projects currently planned and under planning is approximately US$257.3 billion, and the amount of related projects under construction is as high as 136.84 billion US dollars (of which the United Arab Emirates and Saudi Arabia accounted for 52% and 21% respectively), both increased significantly than before. This market situation has contributed to the rapid growth in demand for hardware tools in the Middle East, especially in the UAE.
Another powerful factor is that the local hardware tools and related products in the Middle East have a small output and are heavily dependent on imported products, providing good business opportunities for related global product suppliers. Local distributors are looking for cheaper and more expensive products, as well as high-quality products, including high-end products that reflect environmental trends and use green building technology, and show strong interest in agent-imported products.
As can be seen from the market prospects, the Middle East Hardware Tools Exhibition is an excellent place for international exhibitors to explore the hardware tools market in the Middle East. It has also become an important platform for professionals to find and obtain the best related products and services. Chinese exhibitors should take a long-term view and make full use of this platform to focus on Dubai and to radiate the entire Middle East hardware tools market.

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