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Report
GCC Prefabricated Building and Structural Steel Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028
Market Report I 2023-09-04 I 132 Pages I IMARC Group
Market Overview:
The GCC prefabricated building and structural steel market size reached US$ 3.9 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 5.6 Billion by 2028, exhibiting a growth rate (CAGR) of 5.9% during 2023-2028.
Prefabricated buildings, also known as prefabs, are structured components manufactured at offsite locations and then transported to the construction site. On the other hand, structural steel frames are the skeletal layout of the building, wherein the prefabricated parts are assembled. They are manufactured using various materials like wooden panels, metal panels, glass, plastics, composites, and other reinforced plastics. They are suitable for temporary structures and relatively less expensive as they require less time and cost involvement. Besides this, they offer numerous other advantages, such as flexibility, sustainability, facilitate waste management, energy conservation, and protection from dust, moisture, and environmental hazards. As a result, prefabricated buildings and structural steel structures are gaining traction across the GCC region.
GCC Prefabricated Building and Structural Steel Market Trends:
The increasing population in the GCC countries is resulting in the rising construction and remodeling activities of residential and commercial structures. This represents one of the key factors positively influencing the market. In addition, increasing investments in mega infrastructure projects, including the construction of roads, railways, and airports, are offering lucrative growth opportunities to manufacturers. Apart from this, the rising focus of GCC countries on economic diversification to reduce the dependence on the oil and gas sector is creating a positive outlook for the market. Furthermore, a considerable rise in the travel and tourism sector, along with various upcoming events in the region, is driving the demand for convenient and cost-efficient construction solutions. Additionally, the introduction of stringent government regulations across the region to improve waste management and save energy is propelling the market growth. Moreover, prefabricated buildings do not generate any on-site waste and are more environmentally friendly than conventionally constructed buildings. These product benefits are strengthening the growth of the market in the region.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the GCC prefabricated building and structural steel market report, along with forecasts at the regional and country level from 2023-2028. Our report has categorized the market based on product type, component and end-use sector.
Breakup by Product Type:
Prefabricated Building
Structural Steel
The prefabricated building represents the largest product type as it offers design flexibility, cost and energy efficiency, and is more eco-friendly than conventionally constructed structures.
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
Breakup by End-Use Sector:
Residential
Institutional
Commercial
Industrial
The residential sector accounts for the majority of the market share due to the rising population and the increasing need for constructing and renovating residential places.
Regional Insights:
Saudi Arabia
UAE
Others
Saudi Arabia enjoys the leading position in the market due to growing mega infrastructural projects across the country.
Competitive Landscape:
The competitive landscape of the market has also been analyzed with the detailed profiles of the key player operating in the industry.
This report provides a deep insight into the GCC prefabricated building and structural steel industry covering all its essential aspects. This ranges from macro overview of the market to micro details of the industry performance, recent trends, key market drivers and challenges, SWOT analysis, Porter's five forces analysis, value chain analysis, etc. The report also provides a comprehensive analysis for setting up a prefabricated building and structural steel manufacturing plant. The study analyses the processing and manufacturing requirements, project cost, project funding, project economics, expected returns on investment, profit margins, etc. This report is a must-read for entrepreneurs, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into the GCC prefabricated building and structural steel industry in any manner.
Key Questions Answered in This Report:
How has the GCC prefabricated building and structural steel market performed so far and how will it perform in the coming years?
What are the key regional markets in the GCC prefabricated building and structural steel industry?
What has been the impact of COVID-19 on the GCC prefabricated building and structural steel industry?
What are the major types of component in the GCC prefabricated building and structural steel industry?
What are the key end-use segment in the GCC prefabricated building and structural steel industry?
What are the various stages in the value chain of the GCC prefabricated building and structural steel industry?
What are the key driving factors and challenges in the GCC prefabricated building and structural steel industry?
What is the structure of the GCC prefabricated building and structural steel industry and who are the key players?
What is the degree of competition in the GCC prefabricated building and structural steel industry?
What are the profit margins in the GCC prefabricated building and structural steel industry?
What are the key requirements for setting up a prefabricated building and structural steel manufacturing plant?
How are prefabricated building and structural steel manufactured?
What are the various unit operations involved in a prefabricated building and structural steel manufacturing plant?
What is the total size of land required for setting up a prefabricated building and structural steel manufacturing plant?
What are the machinery requirements for setting up a prefabricated building and structural steel manufacturing plant?
What are the raw material requirements for setting up a prefabricated building and structural steel manufacturing plant?
What are the packaging requirements for prefabricated building and structural steel?
What are the transportation requirements for prefabricated building and structural steel?
What are the utility requirements for setting up a prefabricated building and structural steel manufacturing plant?
What are the manpower requirements for setting up a prefabricated building and structural steel manufacturing plant?
What are the infrastructure costs for setting up a prefabricated building and structural steel manufacturing plant?
What are the capital costs for setting up a prefabricated building and structural steel manufacturing plant?
What are the operating costs for setting up a prefabricated building and structural steel manufacturing plant?
What will be the income and expenditures for a prefabricated building and structural steel manufacturing plant?
What is the time required to break-even?
1 Preface
2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Key Industry Trends
5 Global Prefabricated Building and Structural Steel Market
5.1 Market Overview
5.2 Market Performance
5.2.1 Volume Trends
5.2.2 Value Trends
5.3 Market Breakup by Product Type
5.4 Market Breakup by Region
5.5 Market Breakup by End-Use Sector
5.6 Market Forecast
6 GCC Prefabricated Building and Structural Steel Market
6.1 Market Overview
6.2 Market Performance
6.2.1 Volume Trends
6.2.2 Value Trends
6.3 Impact of COVID-19
6.4 Market Breakup by Product Type
6.5 Market Breakup by Region
6.6 Market Breakup by End-Use Sector
6.7 Market Forecast
6.8 SWOT Analysis
6.8.1 Overview
6.8.2 Strengths
6.8.3 Weaknesses
6.8.4 Opportunities
6.8.5 Threats
6.9 Value Chain Analysis
6.10 Porters Five Forces Analysis
6.10.1 Overview
6.10.2 Bargaining Power of Buyers
6.10.3 Bargaining Power of Suppliers
6.10.4 Degree of Competition
6.10.5 Threat of New Entrants
6.10.6 Threat of Substitutes
7 GCC Prefabricated Building Market: Performance by Component
7.1 Floors and Roofs
7.1.1 Market Trends
7.1.2 Market Forecast
7.2 Walls
7.2.1 Market Trends
7.2.2 Market Forecast
7.3 Staircase
7.3.1 Market Trends
7.3.2 Market Forecast
7.4 Panels and Lintels
7.4.1 Market Trends
7.4.2 Market Forecast
7.5 Others
7.5.1 Market Trends
7.5.2 Market Forecast
8 GCC Structural Steel Market: Performance by Component
8.1 H-Type Beam
8.1.1 Market Trends
8.1.2 Market Forecast
8.2 I-Type Beam
8.2.1 Market Trends
8.2.2 Market Forecast
8.3 Columns
8.3.1 Market Trends
8.3.2 Market Forecast
8.4 Angles
8.4.1 Market Trends
8.4.2 Market Forecast
8.5 Others
8.5.1 Market Trends
8.5.2 Market Forecast
9 GCC Prefabricated Building and Structural Steel Market: Performance by End-Use Sector
9.1 Residential
9.1.1 Market Trends
9.1.2 Market Forecast
9.2 Institutional
9.2.1 Market Trends
9.2.2 Market Forecast
9.3 Commercial
9.3.1 Market Trends
9.3.2 Market Forecast
9.4 Industrial
9.4.1 Market Trends
9.4.2 Market Forecast
10 Saudi Arabia Prefabricated Building and Structural Steel Market
10.1 Prefabricated Building
10.1.1 Market Overview
10.1.2 Market Performance
10.1.2.1 Volume Trends
10.1.2.2 Value Trends
10.1.3 Market Breakup by Component
10.1.4 Market Breakup by End-Use Sector
10.1.5 Market Breakup by Material Used
10.1.6 Market Forecast
10.2 Structural Steel
10.2.1 Market Overview
10.2.2 Market Performance
10.2.2.1 Volume Trends
10.2.2.2 Value Trends
10.2.3 Market Breakup by Component
10.2.4 Market Breakup by End-Use Sector
10.2.5 Market Forecast
11 UAE Prefabricated Building and Structural Steel Market
11.1 Prefabricated Building
11.1.1 Market Overview
11.1.2 Market Performance
11.1.2.1 Volume Trends
11.1.2.2 Value Trends
11.1.3 Market Breakup by Component
11.1.4 Market Breakup by End-Use Sector
11.1.5 Market Breakup by Material Used
11.1.6 Market Forecast
11.2 Structural Steel
11.2.1 Market Overview
11.2.2 Market Performance
11.2.2.1 Volume Trends
11.2.2.2 Value Trends
11.2.3 Market Breakup by Component
11.2.4 Market Breakup by End-Use Sector
11.2.5 Market Forecast
12 Other Markets in the GCC Region
12.1 Oman Prefabricated Building and Structural Steel Market
12.2 Qatar Prefabricated Building and Structural Steel Market
12.3 Kuwait Prefabricated Building and Structural Steel Market
12.4 Bahrain Prefabricated Building and Structural Steel Market
13 Competitive Landscape
13.1 Market Structure
13.2 Key Players
13.2.1 Prefabricated Building Industry
13.2.2 Structural Steel Industry
14 Key Players Profiles
Figure 1: GCC: Prefabricated Building and Structural Steel Market: Major Drivers and Challenges
Figure 2: Global: Prefabricated Building Market: Volume Trends (in Million Units), 2017-2022
Figure 3: Global: Structural Steel Market: Volume Trends (in Million Tons), 2017-2022
Figure 4: Global: Prefabricated Building Market: Value Trends (in Billion US$), 2017-2022
Figure 5: Global: Structural Steel Market: Value Trends (in Billion US$), 2017-2022
Figure 6: Global: Prefabricated Building and Structural Steel Market: Breakup by Product Type (in %), 2022
Figure 7: Global: Prefabricated Building and Structural Steel Market: Breakup by Region (in %), 2022
Figure 8: Global: Prefabricated Building and Structural Steel Market: Breakup by End-Use Sector (in %), 2022
Figure 9: Global: Prefabricated Building Market Forecast: Volume Trends (in Million Units), 2023-2028
Figure 10: Global: Structural Steel Market Forecast: Volume Trends (in Million Tons), 2023-2028
Figure 11: Global: Prefabricated Building Market Forecast: Value Trends (in Billion US$), 2023-2028
Figure 12: Global: Structural Steel Market Forecast: Value Trends (in Billion US$), 2023-2028
Figure 13: GCC: Prefabricated Building Market: Volume Trends (in '000 Units), 2017-2022
Figure 14: GCC: Structural Steel Market: Volume Trends (in Million Tons), 2017-2022
Figure 15: GCC: Prefabricated Building Market: Value Trends (in Billion US$), 2017-2022
Figure 16: GCC: Structural Steel Market: Value Trends (in Billion US$), 2017-2022
Figure 17: GCC: Prefabricated Building Market: Breakup by Component (in %), 2022
Figure 18: GCC: Structural Steel Market: Breakup by Component (in %), 2022
Figure 19: GCC: Prefabricated Building and Structural Steel Market: Breakup by Region (in %), 2022
Figure 20: GCC: Prefabricated Building and Structural Steel Market: Breakup by End-Use Sector (in %), 2022
Figure 21: GCC: Prefabricated Building Market Forecast: Volume Trends (in '000 Units), 2023-2028
Figure 22: GCC: Structural Steel Market Forecast: Volume Trends (in Million Tons), 2023-2028
Figure 23: GCC: Prefabricated Building Market Forecast: Value Trends (in Billion US$), 2023-2028
Figure 24: GCC: Structural Steel Market Forecast: Value Trends (in Billion US$), 2023-2028
Figure 25: GCC: Prefabricated Building and Structural Steel Industry: SWOT Analysis
Figure 26: GCC: Prefabricated Building and Structural Steel Industry: Value Chain Analysis
Figure 27: GCC: Prefabricated Building and Structural Steel Industry: Porter's Five Forces Analysis
Figure 28: GCC: Prefabricated Building (Floors and Roofs) Market: Value Trends (in Million US$), 2017-2022
Figure 29: GCC: Prefabricated Building (Floors and Roofs) Market Forecast: Value Trends (in Million US$), 2023-2028
Figure 30: GCC: Prefabricated Building (Walls) Market: Value Trends (in Million US$), 2017-2022
Figure 31: GCC: Prefabricated Building (Walls) Market Forecast: Value Trends (in Million US$), 2023-2028
Figure 32: GCC: Prefabricated Building (Staircase) Market: Value Trends (in Million US$), 2017-2022
Figure 33: GCC: Prefabricated Building (Staircase) Market Forecast: Value Trends (in Million US$), 2023-2028
Figure 34: GCC: Prefabricated Building (Panels and Lintels) Market: Value Trends (in Million US$), 2017-2022
Figure 35: GCC: Prefabricated Building (Panels and Lintels) Market Forecast: Value Trends (in Million US$), 2023-2028
Figure 36: GCC: Prefabricated Building (Other Components) Market: Value Trends (in Million US$), 2017-2022
Figure 37: GCC: Prefabricated Building (Other Components) Market Forecast: Value Trends (in Million US$), 2023-2028
Figure 38: GCC: Structural Steel (H-Type Beam) Market: Value Trends (in Million US$), 2017-2022
Figure 39: GCC: Structural Steel (H-Type Beam) Market Forecast: Value Trends (in Million US$), 2023-2028
Figure 40: GCC: Structural Steel (I-Type Beam) Market: Value Trends (in Million US$), 2017-2022
Figure 41: GCC: Structural Steel (I-Type Beam) Market Forecast: Value Trends (in Million US$), 2023-2028
Figure 42: GCC: Structural Steel (Columns) Market: Value Trends (in Million US$), 2017-2022
Figure 43: GCC: Structural Steel (Columns) Market Forecast: Value Trends (in Million US$), 2023-2028
Figure 44: GCC: Structural Steel (Angles) Market: Value Trends (in Million US$), 2017-2022
Figure 45: GCC: Structural Steel (Angles) Market Forecast: Value Trends (in Million US$), 2023-2028
Figure 46: GCC: Structural Steel (Other Components) Market: Value Trends (in Million US$), 2017-2022
Figure 47: GCC: Structural Steel (Other Components) Market Forecast: Value Trends (in Million US$), 2023-2028
Figure 48: GCC: Prefabricated Building and Structural Steel (Residential Sector) Market: Value Trends (in Million US$), 2017-2022
Figure 49: GCC: Prefabricated Building and Structural Steel (Residential Sector) Market Forecast: Value Trends (in Million US$), 2023-2028
Figure 50: GCC: Prefabricated Building and Structural Steel (Institutional Sector) Market: Value Trends (in Million US$), 2017-2022
Figure 51: GCC: Prefabricated Building and Structural Steel (Institutional Sector) Market Forecast: Value Trends (in Million US$), 2023-2028
Figure 52: GCC: Prefabricated Building and Structural Steel (Commercial Sector) Market: Value Trends (in Million US$), 2017-2022
Figure 53: GCC: Prefabricated Building and Structural Steel (Commercial Sector) Market Forecast: Value Trends (in Million US$), 2023-2028
Figure 54: GCC: Prefabricated Building and Structural Steel (Industrial Sector) Market: Value Trends (in Million US$), 2017-2022
Figure 55: GCC: Prefabricated Building and Structural Steel (Industrial Sector) Market Forecast: Value Trends (in Million US$), 2023-2028
Figure 56: Saudi Arabia: Prefabricated Building Market: Volume Trends (in '000 Units), 2017-2022
Figure 57: Saudi Arabia: Prefabricated Building Market: Value Trends (in Million US$), 2017-2022
Figure 58: Saudi Arabia: Prefabricated Building Market: Breakup by Component (in %), 2022
Figure 59: Saudi Arabia: Prefabricated Building Market: Breakup by End-Use Sector (in %), 2022
Figure 60: Saudi Arabia: Prefabricated Building Market: Breakup by Material Used (in %), 2022
Figure 61: Saudi Arabia: Prefabricated Building Market Forecast: Volume Trends (in '000 Units), 2023-2028
Figure 62: Saudi Arabia: Prefabricated Building Market Forecast: Value Trends (in Million US$), 2023-2028
Figure 63: Saudi Arabia: Structural Steel Market: Volume Trends (in '000 Tons), 2017-2022
Figure 64: Saudi Arabia: Structural Steel Market: Value Trends (in Million US$), 2017-2022
Figure 65: Saudi Arabia: Structural Steel Market: Breakup by Component (in %), 2022
Figure 66: Saudi Arabia: Structural Steel Market: Breakup by End-Use Sector (in %), 2022
Figure 67: Saudi Arabia: Structural Steel Market Forecast: Volume Trends (in '000 Tons), 2023-2028
Figure 68: Saudi Arabia: Structural Steel Market Forecast: Value Trends (in Million US$), 2023-2028
Figure 69: UAE: Prefabricated Building Market: Volume Trends (in '000 Units), 2017-2022
Figure 70: UAE: Prefabricated Building Market: Value Trends (in Million US$), 2017-2022
Figure 71: UAE: Prefabricated Building Market: Breakup by Component (in %), 2022
Figure 72: UAE: Prefabricated Building Market: Breakup by End-Use Sector (in %), 2022
Figure 73: UAE: Prefabricated Building Market: Breakup by Material Used (in %), 2022
Figure 74: UAE: Prefabricated Building Market Forecast: Volume Trends (in '000 Units), 2023-2028
Figure 75: UAE: Prefabricated Building Market Forecast: Value Trends (in Million US$), 2023-2028
Figure 76: UAE: Structural Steel Market: Volume Trends (in '000 Tons), 2017-2022
Figure 77: UAE: Structural Steel Market: Value Trends (in Million US$), 2017-2022
Figure 78: UAE: Structural Steel Market: Breakup by Component (in %), 2022
Figure 79: UAE: Structural Steel Market: Breakup by End-Use Sector (in %), 2022
Figure 80: UAE: Structural Steel Market Forecast: Volume Trends (in '000 Tons), 2023-2028
Figure 81: UAE: Structural Steel Market Forecast: Value Trends (in Million US$), 2023-2028
Table 1: Global: Prefabricated Building and Structural Steel Market: Key Industry Highlights, 2022 and 2028
Table 2: GCC: Prefabricated Building and Structural Steel Market: Key Industry Highlights, 2022 and 2028
Table 3: GCC: Prefabricated Building Market Forecast: Breakup by Component (in Million US$), 2023-2028
Table 4: GCC: Structural Steel Market Forecast: Breakup by Component (in Million US$), 2023-2028
Table 5: GCC: Prefabricated Building and Structural Steel Market Forecast: Breakup by End-Use Sector (in Million US$), 2023-2028
Table 6: GCC: Prefabricated Building and Structural Steel Market Forecast: Breakup by Region (in Million US$), 2023-2028
Table 7: Saudi Arabia: Prefabricated Building Market: Key Industry Highlights, 2022 and 2028
Table 8: Saudi Arabia: Structural Steel Market: Key Industry Highlights, 2022 and 2028
Table 9: UAE: Prefabricated Building Market: Key Industry Highlights, 2022 and 2028
Table 10: UAE: Structural Steel Market: Key Industry Highlights, 2022 and 2028
Table 11: GCC: Prefabricated Building and Structural Steel Market: Competitive Structure
Table 12: GCC: Prefabricated Building Market: Key Players
Table 13: GCC: Structural Steel Market: Key Players
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