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Oman Manufacturing Market Share, Size, Growth, Trends, Analysis, Forecast: Revenue Share, By Category: Refined Petroleum Products, Plastics and Rubber Products, Basic Metals, Chemicals and Chemical Products, Non-Metallic Mineral Products, Food and Beverages, Others; SWOT Analysis; Strategic Recommendations; 2023-2028

Oman Manufacturing Market Outlook

The Oman manufacturing market size is expected to grow at a CAGR of 1.10% in the forecast period between 2023 and 2028, owing to the expanding implementation and adoption of Industry 4.0.

 

Key Trends in the Market

Manufacturing refers to the process in which new items are created or produced using tools, labour, and machinery, as well as chemical or biological processing and formulation in addition to equipment. Production of automobiles, furniture, chemicals, heavy machinery, clothes, consumer electronics, refined petroleum products, ships, steel, tools, and dies are some of the most significant manufacturing industries.

 

  • The Oman manufacturing market is expanding at a fast rate as a result of Industry 4.0's expanding implementation and adoption. The market share has increased owing to the rising automation and software-based procedures. Real-time analysis and synchronisation have been made possible by smart technology for the manufacturing sector, helping to cut costs and save time.
  • The manufacturing sector is viewed as the foundation of both social and economic advancement. They aid in modernisation and the reduction of the population's dependency on agriculture by creating jobs in the secondary and tertiary sectors. When deciding whether to build global manufacturing hubs in the Gulf region, manufacturers heavily weigh the availability of raw resources in countries like Oman.
  • The demand from residential end-users is supporting the industry as manufacturers concentrate on increasing their market share through decorative glass and glass-based goods. In addition, the booming real estate market and rising consumer interest in home decoration are further accelerating the market growth.

 

Oman Manufacturing Market Analysis

Based on category, the market is segmented into refined petroleum products, plastics and rubber products, basic metals, chemicals and chemical products, non-metallic mineral products, and food and beverages, among others.

 

The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the key players in the Oman manufacturing market, covering their competitive landscape and latest developments like mergers, acquisitions, investments, and expansion plans.  

 

Market Share by Category

In the near future, the market for refined petroleum products is anticipated to be driven by an increase in demand for petroleum products used in the production of petrochemicals. Crude petroleum is used to create refined petroleum products. Diesel fuel, gasoline, naphtha, and liquefied petroleum gas are some of the refined petroleum products that are commonly sold. The demand for refined petroleum products is driven by rising electricity demand and a rapidly expanding population. 

 

During the forecast period, important drivers increasing the demand for refined petroleum products in the Oman manufacturing market include the capacity expansion of existing refineries and the construction of new brown-field and green-field refineries. Additionally, expanding oil and gas development activities and the presence of major businesses in the area will spur market expansion.

 

*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.

1    Preface
2    Report Coverage – Key Segmentation and Scope
3    Report Description

    3.1    Market Definition and Outlook
    3.2    Properties and Applications
    3.3    Market Analysis
    3.4    Key Players
4    Key Assumptions
5    Executive Summary

    5.1    Overview
    5.2    Key Drivers
    5.3    Key Developments
    5.4    Competitive Structure
    5.5    Key Industrial Trends
6    Oman Manufacturing Strategy, 2040
7    Oman Economic Structure Overview, 2022 and 2023

    7.1    Mining, Quarrying, and Utilities
    7.2    Manufacturing 
    7.3    Construction
    7.4    Wholesale, Retail Trades, Restaurants, and Hotels
    7.5    Transport, Storage, Communication, and other activities
    7.6    Agriculture, Forestry and Fishing
8    Oman Macro-Economic Indicators
    8.1    Snapshot of Key Indicators
    8.2    Core Industries Performance
    8.3    Impact of Covid 19, Inflation, and Geopolitical Risks 
9    Oman Manufacturing Market Outlook
    9.1    Key Industry Highlights
    9.2    Oman Manufacturing Historical Market (2018-2023) 
    9.3    Oman Manufacturing Market Forecast (2023-2027)
    9.4    Oman Manufacturing Market Revenue Share, by Category
        9.4.1    Refined Petroleum Products 
            9.4.1.1    Market Share
            9.4.1.2    Historical Trend (2018-2022)
            9.4.1.3    Forecast Trend (2023-2027)
        9.4.2    Plastics and Rubber Products
            9.4.2.1    Market Share
            9.4.2.2    Historical Trend (2018-2022)
            9.4.2.3    Forecast Trend (2023-2027)
        9.4.3    Basic Metals
            9.4.3.1    Market Share
            9.4.3.2    Historical Trend (2018-2022)
            9.4.3.3    Forecast Trend (2023-2027)
        9.4.4    Chemicals and Chemical Products
            9.4.4.1    Market Share
            9.4.4.2    Historical Trend (2018-2022)
            9.4.4.3    Forecast Trend (2023-2027)
        9.4.5    Non-Metallic Mineral Products
            9.4.5.1    Market Share
            9.4.5.2    Historical Trend (2018-2022)
            9.4.5.3    Forecast Trend (2023-2027)
        9.4.6    Food and Beverages
            9.4.6.1    Market Share
            9.4.6.2    Historical Trend (2018-2022)
            9.4.6.3    Forecast Trend (2023-2027)
        9.4.7    Others
10    SWOT Analysis
    10.1    Strengths
    10.2    Weaknesses
    10.3    Opportunities
    10.4    Threats
11    Oman Manufacturing Market Competitive Benchmarking with other GCC Nations
    11.1    Employment in Manufacturing Sector
    11.2    Manufacturing contribution to GDP
    11.3    Oil Export Share
    11.4    Manufacturing Market Share
12    Strategic Recommendations
    12.1    Risk Mitigation
    12.2    Talent Management Strategies
    12.3    Initiatives for increasing contribution from non-oil-based manufacturing sector
    12.4    Implementation of smart factory initiative to increase efficiency 
    12.5    Corporate Social Responsibility 
    12.6    Net Carbon Zero by 2035

 

List of Key Figures and Tables

1.    Oman Manufacturing Market: Key Industry Highlights, 2018 and 2028
2.    Oman Manufacturing Historical Market: Revenue Share by Category (USD Million), 2018-2022
3.    Oman Manufacturing Market Forecast: Revenue Share by Category (USD Million), 2023-2028

Key Questions Answered in the Report

The market for manufacturing in Oman is projected to grow at a CAGR of 1.10% between 2023 and 2028.

The major drivers of the manufacturing market in Oman include the expanding implementation and adoption of Industry 4.0 and the availability of raw resources in Middle Eastern countries.

The rising automation and software-based procedures, growing demand from residential end-users, booming real estate market, rapidly expanding population, and expanding oil and gas development activities are the key industry trends propelling the growth of the market.

A finished, physical product is created through the manufacturing process from a raw ingredient. The purpose of manufacturing is to transform a specific resource into another, frequently with the intention of being sold to a consumer.

Manufacturing may help a country improve its trade balance in two ways: by increasing exports relative to imports and by manufacturing more items domestically, which can help a country lower its import costs.

The various categories of the market based on revenue share are refined petroleum products, plastics and rubber products, basic metals, chemical and chemical products, non-metallic mineral products, and food and beverages, among others.

The manufacturing market in Oman is competitively benchmarked against other GCC nations on the basis of employment in the manufacturing sector, manufacturing contribution to GDP, oil export share, and manufacturing market share.

The key sectors in the Oman economy include mining, quarrying, and utilities, manufacturing, construction, wholesale, retail trades, restaurants, and hotels, transport, storage, communication, agriculture, forestry, and fishing.

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