GCC Prefabricated Building and Structural Steel Market

GCC Prefabricated Building and Structural Steel Market Overview:

The GCC prefabricated building and structural steel market was worth US$ XX Billion in 2022, expanding at a CAGR of X% during 2017-2022. Looking forward, the market is projected to grow at a CAGR of around X% during 2023-2028, reaching a value of US$ XX Billion by 2028. Prefabricated buildings are structures with components, such as roofs, walls, and the floor, that are manufactured in a manufacturing plant and can be partially or fully assembled in a factory before transferring them to the site. Structural steel, on the other hand, is a skeletal layout of the building and is uniquely suited to wear and tear and rigors that outdoor structures may endure. They last for decades and are highly resistant to earthquakes, dust, moisture, and high winds. They consist of umpteen materials, such as composites, wooden panels, glass, metal panels, and plastics, which are environment-friendly and ideal for locations with unsuitable environmental conditions. Additionally, prefabricated buildings require minimal maintenance, provide ease of expansion, and help save energy. In the GCC, these materials are witnessing a significant increase in demand for the construction of agricultural, institutional, residential, industrial, and commercial buildings. 

The primary factor accelerating the GCC prefabricated building and structural steel market is the increasing environmental awareness and surging remodeling activities of commercial and residential structures. This is further supported by the rising demand for quick and cheaper construction solutions in the region. The shifting preference toward sustainable materials and growing awareness regarding the advantages of prefabricated buildings are acting as other major factors accelerating the market growth. Additionally, regional governments are implementing stringent regulations to improve waste management and save energy and promote the use of green materials, which, in turn, is creating a positive outlook for the market. Furthermore, the increasing unavailability of affordable housing due to the burgeoning population has further surged the demand for prefabricated buildings in the region. Besides this, rapid urbanization, rising investments in mega infrastructure projects, such as shopping complexes, hotels, institutes, and high-rise buildings, and inflating consumer per capita income are providing a considerable thrust to the market growth. Other factors, such as increasing tourism activities and rapid technological advancements, are positively contributing to the market growth.

Beginning with a regional overview, the report explores the dynamics that have a strong influence on the GCC prefabricated building and structural steel market and can also impact its future growth. Taking 2022 as the base year, the report covers historical market scenario from 2017-2022 and provides forecasts till 2028. This includes the study of value and volume trends and pricing history. Growth inducing factors, market restraints and recent developments have also been analysed in the report in order to provide a deeper knowledge about the industry. On a regional basis, the report examines the GCC prefabricated building and structural steel market in Saudi Arabia, United Arab Emirates, Qatar, Kuwait, Oman and Bahrain. For each of these regions, the report studies the GCC prefabricated building and structural steel market in detail for latest trends, outlook and opportunities.

The report analyses the competitive structure of the GCC prefabricated building and structural steel market industry and provides the profiles of major players operating in the market. The price margins for the products along with the various success and risk factors for manufacturers have also been covered in the report. Moreover, in order to determine market attractiveness, the report analyses the GCC prefabricated building and structural steel market industry along the parameters of the Porter’s Five Forces model. This model examines the degree of competition in the GCC prefabricated building and structural steel market industry by analysing the threat posed by new entrants and substitutes, and the bargaining power of suppliers and buyers. SWOT analysis of the market has also been presented in the report which highlights the strengths, weaknesses, opportunities and threats pertaining to the GCC prefabricated building and structural steel market industry. Furthermore, the value chain analysis of the GCC prefabricated building and structural steel market industry has also been covered in the report. This comprises of all the activities in the value chain, such as the procurement of various raw materials, manufacturing, sales and distribution. 

GCC Prefabricated Building and Structural Steel Market Segment Insights:

The GCC prefabricated building and structural steel market has been analysed as followed:

By Product Type:

• Prefabricated Building 
• Structural Steel

GCC Prefabricated Building Market: Breakup By Component:

• Floors and Roofs
• Walls
• Staircase
• Panels and Lintels
• Others

GCC Structural Steel Market: Breakup By Component:

• H-Type Beam
• I-Type Beam
• Columns
• Angles
• Others

By End-Use Sector:

• Residential
• Institutional
• Commercial
• Industrial

By Country:

• Saudi Arabia
• United Arab Emirates
• Qatar
• Kuwait
• Oman
• Bahrain

Country-wise, the market has been segmented into Saudi Arabia, United Arab Emirates, Qatar, Kuwait, Oman and Bahrain. Amongst these, Saudi Arabia represents the largest market, accounting for majority of the GCC region.

Competative Landscape: 

The competitive landscape of the industry has also been examined along with the profiles of the key players.

Highlights of the GCC Prefabricated Building and Structural Steel Market Report:

• Historical and current scenario
• Trends and developments
• Impact of COVID-19
• Market forecast
• Price analysis and forecast
• Porter’s five forces analysis
• SWOT analysis
• Value chain analysis

Report Customisation:

The GCC prefabricated building and structural steel market report can be customised as per your requirements. You can get in touch with our analyst, who will make sure that the report suits your research needs