Diversification Driving Manufacturing Sector Growth
Numerous initiatives are being taken by the government to promote the manufacturing sector, like the passing of the Kuwait Development Plan. It was approved for almost USD 120 billion and is expected to simulate Kuwait’s economy and help in developing the infrastructure. The government recently announced that it is increasing the budget for the manufacturing sector by nearly USD 1.7 billion per year.
New free trade zones are being built in Kuwait. This will increase the need for building products giving an automatic push to the construction material manufacturing industries. Availability of low-cost labor acts as an add-on to the success of the manufacturing sector.
Land prices in Kuwait are elevated for industrial areas due to very high demand and low availability of resources. The news of more than 20 Kuwaiti factories deciding to relocate to Saudi Arabia because of the features and facilities it offers was also a major setback. Expensive electricity and energy, industrial production costs, unskilled labor, small market size and unavailability of resources are some of the major challenges faced by the manufacturing sector in Kuwait.
There are numerous opportunities in the construction material manufacturing industries in Kuwait. Apart from that foreign investors are being given a number of incentives which include a 10-year tax holiday and after that, a flat 15% tax for investing in Kuwait. Petrochemical is the biggest industry after oil and gas and offers great opportunities.
PESTLE Analysis (Overview): Macro market factors pertinent to this region.
Market Definition: Main as well as associated/ancillary components constituting the market.
Key Findings of the Study: Top headlines about market trends & numbers.
Drivers: Key factors driving the growth of the market.
Restraints: Most relevant threats and restraints which hinder the growth of the market.
Opportunities: Sectors of high return or quick turnaround on investment.
Market Concentration: Porter’s Five Forces Analysis quantified by a comprehensive list of parameters.
Market Share Analysis: Top players in the market (by value and volume).
Company Profiles: Pertinent details about leading, high growth, and innovation-motivated stakeholders with contact, operations, product/service offerings, financials, and strategies & insights.
1.1 Definition of the Market
1.2 Research Approach and Methodology
1.2.2 Research Design
1.2.3 Study Phases
1.3 Scope of the Report
1.4 Regional Analysis
1.4.1 PESTLE Analysis
1.4.2 Analysis of Ease of Doing Business
2. Market Dynamics
2.4 Market Demand Analysis
2.4.1 Available Products Types (Segmentation)
2.4.2 Identification of Target Sub-segments (Demand Estimation)
2.4.3 Spending Patterns
2.5 Porter's Five Forces Analysis
2.5.1 Bargaining Power of Suppliers
2.5.2 Bargaining Power of Buyers
2.5.3 Threat of New Entrants
2.5.4 Threat of Substitute Products
2.5.5 Degree of Competition
3. Market Segmentation
3.1 Plastics Processing
3.1.1 Market Size (USD Million)
3.1.2 Domestic Production Overview
3.1.3 International Trade Overview
3.2.1 Market Size (USD Million)
3.2.2 Domestic Production Overview
3.2.3 International Trade Overview
3.3.1 Market Size (USD Million)
3.3.2 Domestic Production Overview
3.3.3 International Trade Overview
3.4.1 Market Size (USD Million)
3.4.2 Domestic Production Overview
3.4.3 International Trade Overview
3.5 Heavy machinery
3.5.1 Market Size (USD Million)
3.5.2 Domestic Production Overview
3.5.3 International Trade Overview
3.6 Capital goods
3.6.1 Market Size (USD Million)
3.6.2 Domestic Production Overview
3.6.3 International Trade Overview
3.7.1 Market Size (USD Million)
3.7.2 Domestic Production Overview
3.7.3 International Trade Overview
3.8.1 Market Size (USD Million)
3.8.2 Domestic Production Overview
3.8.3 International Trade Overview
4. Policies Related to Market Entry & Operation in Industry
4.1 How to Register a Company (Flowchart)
4.2 Registration Processes
4.2.1 Ministries Involved
4.2.2 Criteria and Conditions
4.2.3 Policies Related to the Industry
5. Competition Analysis
5.1 Local Supply Ecosystem
5.2 Market Share of Major Stakeholders
5.3 Strategies Adopted, Recent Events
6. Supply Chain Analysis