Dubai, UAE: International hardware and tool manufacturers are looking to the Middle East and Africa (MEA) as key growth markets, as the ongoing regional construction surge and preference for DIY home solutions stoke demand for tools and machinery.
Having completed US$67.6 billion worth of construction projects in 2014*, the GCC in particular is in the throes of building and infrastructure boom, presenting impressive opportunities for global manufacturers to step in and increase their market share.
Exhibitors at Hardware+Tools Middle East 2015 – the region’s only dedicated trade show for hardware, tools, materials and machinery – have earmarked the MEA as a primary export market with big returns.
Indian hand tools manufacturer Black Jack is among those returning exhibitors optimistic about the growth prospects in the Middle East, and plans to quadruple the value of its current business in the region to reach US$500,000 in 2015.
“We had previously done a small amount of business in the Middle East 15 years ago, but pulled out due to price sensitivity and the preference for cheaper products,” said Rajat Rose, Head of Marketing at Black Jack Tools. “Now everything has changed and there is much more demand for higher quality products at a decent price.
“Hardware+Tools Middle East is an effective gateway for us to reach the Middle East and Africa and through our participation we hope to make further inroads into these huge markets.”
Now in its 16th edition, Hardware+Tools Middle East, will take place from 2-4 June 2014 at the Dubai International Convention and Exhibition Centre.
The three-day event, organised by Messe Frankfurt Middle East, will feature more than 230 exhibitors showcasing over 350 brands. Australian company Companion Brands is among dozens of manufacturers making their Hardware+Tools Middle East debut with its range of Soldering & Brazing Equipment, Tyre Inflation, Air Equipment, and Hose Reels.
“We are looking to triple our current market share to reach US$250,000 in the next few years,” said Peter Littlewood, of Companion Brands. “Our products are relatively new to the market and we are seeking to widen our footprint in the region with our high quality and competitively-priced offerings.”
Among the other top international exhibitors returning to Hardware+Tools Middle East include Goodyear from the USA, Deerfos from Korea, and Miles from India; while other debut exhibitors include Italian company Vipa, Milwaukee from the UK, Rothenberger from Germany, and Japanese manufacturers Nitto Kohki and BIC Tool.
Ahmed Pauwels, CEO of Messe Frankfurt Middle East, said: “Demand for tools, material and machinery continues to rise in the Middle East, as investments pour into new infrastructural and civic projects. The region's positive growth track will continue to drive interest in the offerings of international majors at Hardware+Tools Middle East 2015.”
New at this year's event will be the Expert Zone, a dedicated platform for the world’s premier hardware and tool manufacturers to display their latest innovations that are transforming the industry.
In 2014, Hardware + Tools Middle East achieved an impressive 13 per cent growth with 224 exhibitors showcasing a wide spectrum of hand and power tools, protective gear, all types of machinery and innovative material. The show floor was buzzing with interested buyers eyeing new deals and sourcing new products.