The Oman manufacturing market size is expected to grow at a CAGR of 1.10% in the forecast period between 2024 and 2032, owing to the expanding implementation and adoption of Industry 4.0.
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.
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.
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.
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
5.2 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
7.4 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
126.96.36.199 Market Share
188.8.131.52 Historical Trend (2018-2023)
184.108.40.206 Forecast Trend (2023-2027)
9.4.2 Plastics and Rubber Products
220.127.116.11 Market Share
18.104.22.168 Historical Trend (2018-2023)
22.214.171.124 Forecast Trend (2023-2027)
9.4.3 Basic Metals
126.96.36.199 Market Share
188.8.131.52 Historical Trend (2018-2023)
184.108.40.206 Forecast Trend (2023-2027)
9.4.4 Chemicals and Chemical Products
220.127.116.11 Market Share
18.104.22.168 Historical Trend (2018-2023)
22.214.171.124 Forecast Trend (2023-2027)
9.4.5 Non-Metallic Mineral Products
126.96.36.199 Market Share
188.8.131.52 Historical Trend (2018-2023)
184.108.40.206 Forecast Trend (2023-2027)
9.4.6 Food and Beverages
220.127.116.11 Market Share
18.104.22.168 Historical Trend (2018-2023)
22.214.171.124 Forecast Trend (2023-2027)
10 SWOT Analysis
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 2032
2. Oman Manufacturing Historical Market: Revenue Share by Category (USD Million), 2018-2023
3. Oman Manufacturing Market Forecast: Revenue Share by Category (USD Million), 2024-2032
The market for manufacturing in Oman is projected to grow at a CAGR of 1.10% between 2024 and 2032.
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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