UAE Prefabricated Building and Structural Steel Market

UAE Prefabricated Building and Structural Steel Market Overview:

The UAE 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 or prefabs are made by assembling various parts, such as walls, staircases, and roofs, as per consumer preferences. They are supported by structural steel frames, including columns, angles, and beams, and are suitable for locations with unfavorable environmental conditions for onsite construction. In addition, they are environment-friendly, require minimal maintenance, provide ease of expansion, and enhance weather resistance. As a result, prefabricated buildings are widely utilized in the construction of traditional structures, residential, mini-storage, workshops, industrial buildings, agriculture, airplane hangars, and commercial buildings across the UAE.

The market is primarily driven by the increasing construction activities in the country. This can also be attributed to the growing utilization of prefabricated buildings and structural steel materials to decrease construction debris and pollutants and minimize the time for construction activities. In addition, the growing housing needs due to the rising population and the increasing preference for sustainable materials are contributing to market growth. Moreover, prefabricated building components are produced using advanced technologies with controlled quality specifications, which helps to extend the average lifespan of buildings. This, coupled with the implementation of development programs by the government of UAE, is positively influencing market growth. Besides this, the rising consciousness among individuals about the benefits of using prefabricated material and structural steel, such as durability, energy efficiency, flexibility, faster completion, cost-effectiveness, and easy installation, is accelerating the product adoption rate across the country. In line with this, the widespread expansion of institutes, shopping complexes, high-rise buildings, and hotels is augmenting market growth. Furthermore, the market is also propelled by the widespread adoption of prefabricated materials in temporary construction facilities, such as schools, medical camps, evacuation centers, office spaces, apartment blocks, and single-detached houses. Other factors, including rapid urbanization and the increasing usage of eco-friendly prefabricated building materials to minimize the requirement for fuel for the machines emitting harmful gases, are creating a positive market outlook across UAE.

Beginning with a regional overview, the report explores the dynamics that have a strong influence on the UAE 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. 

The report analyses the competitive structure of the UAE 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 UAE 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 UAE 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 UAE prefabricated building and structural steel market industry. Furthermore, the value chain analysis of the UAE 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. 

UAE Prefabricated Building and Structural Steel Market Segment Insights:

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

By Component:

• Prefabricated Building
  • Floors and Roofs
  • Walls
  • Staircase
  • Panels and Lintels
  • Others
• Structural Steel
  • H-Type Beam
  • I-Type Beam
  • Columns
  • Angles
  • Others

By End Use Sector:

• Residential
• Institutional
• Commercial
• Industrial

Competative Landscape: 

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

Highlights of the UAE 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 UAE 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