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Saudi Arabia Prefabricated Building and Structural Steel Market

Saudi Arabia Prefabricated Building and Structural Steel Market: By Product Type: Floors and Roof, Walls, Staircase, Panels and Lintels, Others; By Component; By End Use; Regional Analysis; Market Dynamics: SWOT Analysis, Porter’s Five Forces Analysis, Key Indicators for Demand, Key Indicators for Price; Competitive Landscape; 2024-2032

Saudi Arabia Prefabricated Building and Structural Steel Market Outlook

The Saudi Arabia prefabricated building and structural steel market size reached a value of almost USD 1.97 billion in the year 2023. The prefabricated building and structural steel market in the region is further expected to grow at a CAGR of 5.20% between 2024 and 2032 to reach a value of almost USD 3.11 billion by 2032.

 

Saudi Arabia Prefabricated Building and Structural Steel Market

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The prefabricated building and structural steel industry in Saudi Arabia is driven by the rising demand for urban housing. The industry is further invigorated by the increasing investments made by the government of Saudi Arabia in the alternate sources of income by introducing infrastructural projects, like Vision 2030 and the development of Jeddah Waterfront, NEOM City, and Entertainment City.

 

Properties and Applications

Prefabricated buildings are referred to as the structures that are manufactured off-site to be later transferred and assembled on the construction site. Structural steel, on the other hand, represents the basic framework wherein prefabricated parts are installed. These structures offer numerous advantages in comparison to traditionally constructed buildings, which include durability, ease of expansion, design flexibility, efficient material utilisation, weather resistance, minimal maintenance, and eco-friendly nature.

 

Saudi Arabia Prefabricated Building and Structural Steel Market By Product Type

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On the basis of product type, the prefabricated building industry is divided into:

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

On the basis of the component, the structural steel industry is divided into:

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

Presently, floors and roofs, and H-type beams hold the largest market share in their respective segments of the prefabricated building and structural steel industry in Saudi Arabia.

The prefabricated building and structural steel are segmented on the basis of the end-use sector into:

  • Residential
  • Institutional
  • Commercial
  • Industrial

Amongst these, the residential sector represents a clear dominance in the industry due to rapid urbanization and the growing number of expatriates in the country.

 

Saudi Arabia Prefabricated Building and Structural Steel Market By Region

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Market Analysis

The Saudi Arabia prefabricated building and structural steel market is driven by the rising unavailability of affordable housing as the population is rising, along with the inflow of expatriates, which has created a demand for prefabricated homes in Saudi Arabia. The industry is further aided by the environment-friendly nature of prefabricated buildings as compared to conventionally constructed buildings, owing to nil production of any on-site waste or requirement for fuel for the machines, which emit harmful gases. This will also aid the industry growth of the prefabricated building and structural steel market in the forecast period. In addition to this, these materials are cost-effective, energy, and time-efficient, and easy to install, further leading to the industry growth.

The prefabricated building and structural steel industry in Saudi Arabia is finding impetus in the rising urbanisation and ongoing and upcoming infrastructural projects, which are expected to enhance the market growth for prefabricated structures during the forecast period. The industry may find hindrance due to factors like the lack of financing options and durability issues in Saudi Arabia.

The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis. The report covers the macro and micro aspects of the industry by looking into the historical (2018-2023) and forecast (2024-2032) trends of each segment of the industry. The detailed report also provides an overview of the global and GCC markets.

 

Key Highlights of the Report

REPORT FEATURES DETAILS
Base Year 2023
Historical Period 2018-2023
Forecast Period 2024-2032
Scope of the Report

Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:

  • Product Type
  • Component
  • End Use
Saudi Arabia Prefabricated Building Market Breakup by Product Type
  • Floors and Roof
  • Walls
  • Staircase
  • Panels and Lintels
  • Others
Saudi Arabia Structural Steel Market Breakup by Component
  • H-Type Beam
  • I-Type Beam
  • Columns
  • Angles
  • Others
Saudi Arabia Prefabricated Building and Structural Steel Market Breakup by End Use
  • Residential
  • Institutional
  • Commercial
  • Industrial
Market Dynamics
  • SWOT Analysis
  • Porter's Five Forces Analysis
  • Key Indicators for Demand
  • Key Indicators for Price
Competitive Landscape
  • Market Structure
  • Company Profiles
    • Company Overview
    • Product Portfolio
    • Demographic Reach and Achievements
    • Certifications
Report Price and Purchase Option Explore our purchase options that are best suited to your resources and industry needs.
Delivery Format Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option.

 

*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.

1    Preface
2    Report Coverage – Key Segmentation and Scope
3    Report Description

    3.1    Market Definition and Outlook
    3.2    Properties and Applications
    3.3    Market Analysis
    3.4    Key Players
4    Key Assumptions
5    Executive Summary

    5.1    Overview
    5.2    Key Drivers
    5.3    Key Developments
    5.4    Competitive Structure
    5.5    Key Industrial Trends
6    Snapshot
    6.1    Global
    6.2    Saudi Arabia
7    Opportunities and Challenges in the Market
8    Global Prefabricated Building and Structural Steel Market Overview

    8.1    Key Industry Highlights
    8.2    Global Prefabricated Building and Structural Steel Historical Market (2018-2023) 
    8.3    Global Prefabricated Building and Structural Steel Market Forecast (2024-2032)
    8.4    Global Prefabricated Building and Structural Steel Market by Product Type
    8.5    Global Prefabricated Building and Structural Steel Market by End Use
    8.6    Global Prefabricated Building and Structural Steel Market by Region
        8.6.1    North America
        8.6.2    Europe
        8.6.3    Asia Pacific
        8.6.4    Latin America
        8.6.5    Middle East and Africa
9    GCC Prefabricated Building and Structural Steel Market Overview
    9.1    Key Industry Highlights
    9.2    GCC Prefabricated Building and Structural Steel Historical Market (2018-2023) 
    9.3    GCC Prefabricated Building and Structural Steel Market Forecast (2024-2032)
    9.4    GCC Prefabricated Building and Structural Steel Market by Product Type
    9.5    GCC Prefabricated Building and Structural Steel Market by End Use
    9.6    GCC Prefabricated Building and Structural Steel Market by Country
10    Saudi Arabia Prefabricated Building and Structural Steel Market Analysis
    10.1    Key Industry Highlights
    10.2    Saudi Arabia Prefabricated Building and Structural Steel Historical Market (2018-2023) 
    10.3    Saudi Arabia Prefabricated Building and Structural Steel Market Forecast (2024-2032)
    10.4    Saudi Arabia Prefabricated Building Market by Product Type
        10.4.1    Floors and Roof
            10.4.1.1    Historical Trend (2018-2023)
            10.4.1.2    Forecast Trend (2024-2032)
        10.4.2    Walls
            10.4.2.1    Historical Trend (2018-2023)
            10.4.2.2    Forecast Trend (2024-2032)
        10.4.3    Staircase
            10.4.3.1    Historical Trend (2018-2023)
            10.4.3.2    Forecast Trend (2024-2032)
        10.4.4    Panels and Lintels 
            10.4.4.1    Historical Trend (2018-2023)
            10.4.4.2    Forecast Trend (2024-2032)
        10.4.5    Others
    10.5    Saudi Arabia Structural Steel Market by Component
        10.5.1    H-Type Beam
            10.5.1.1    Historical Trend (2018-2023)
            10.5.1.2    Forecast Trend (2024-2032)
        10.5.2    I-Type Beam
            10.5.2.1    Historical Trend (2018-2023)
            10.5.2.2    Forecast Trend (2024-2032)
        10.5.3    Columns
            10.5.3.1    Historical Trend (2018-2023)
            10.5.3.2    Forecast Trend (2024-2032)
        10.5.4    Angles
            10.5.4.1    Historical Trend (2018-2023)
            10.5.4.2    Forecast Trend (2024-2032)
        10.5.5    Others
    10.6    Saudi Arabia Prefabricated Building and Structural Steel Market by End Use
        10.6.1    Residential
            10.6.1.1    Historical Trend (2018-2023)
            10.6.1.2    Forecast Trend (2024-2032)
        10.6.2    Institutional
            10.6.2.1    Historical Trend (2018-2023)
            10.6.2.2    Forecast Trend (2024-2032)
        10.6.3    Commercial
            10.6.3.1    Historical Trend (2018-2023)
            10.6.3.2    Forecast Trend (2024-2032)
        10.6.4    Industrial
            10.6.4.1    Historical Trend (2018-2023)
            10.6.4.2    Forecast Trend (2024-2032)
11    Market Dynamics
    11.1    SWOT Analysis
        11.1.1    Strengths
        11.1.2    Weaknesses
        11.1.3    Opportunities
        11.1.4    Threats
    11.2    Porter’s Five Forces Analysis
        11.2.1    Supplier’s Power
        11.2.2    Buyers Power
        11.2.3    Threat of New Entrants
        11.2.4    Degree of Rivalry
        11.2.5    Threat of Substitutes
    11.3    Key Indicators for Demand
    11.4    Key Indicators for Price
12    Value Chain Analysis
13    Price Analysis
14    Competitive Landscape

    14.1    Market Structure
    14.2    Company Profiles
15    Key Trends and Developments in the Market

 

List of Key Figures and Tables

1.    Global Prefabricated Building and Structural Steel Market: Key Industry Highlights, 2018 and 2032
2.    Global Prefabricated Building and Structural Steel Historical Market: Breakup by Product Type (USD Billion), 2018-2023
3.    Global Prefabricated Building and Structural Steel Market Forecast: Breakup by Product Type (USD Billion), 2024-2032
4.    Global Prefabricated Building and Structural Steel Historical Market: Breakup by End Use (USD Billion), 2018-2023
5.    Global Prefabricated Building and Structural Steel Market Forecast: Breakup by End Use (USD Billion), 2024-2032
6.    Global Prefabricated Building and Structural Steel Historical Market: Breakup by Region (USD Billion), 2018-2023
7.    Global Prefabricated Building and Structural Steel Market Forecast: Breakup by Region (USD Billion), 2024-2032
8.    GCC Prefabricated Building and Structural Steel Market: Key Industry Highlights, 2018 and 2032
9.    GCC Prefabricated Building and Structural Steel Historical Market: Breakup by Product Type (USD Billion), 2018-2023
10.    GCC Prefabricated Building and Structural Steel Market Forecast: Breakup by Product Type (USD Billion), 2024-2032 
11.    GCC Prefabricated Building and Structural Steel Historical Market: Breakup by End Use (USD Billion), 2018-2023
12.    GCC Prefabricated Building and Structural Steel Market Forecast: Breakup by End Use (USD Billion), 2024-2032
13.    GCC Prefabricated Building and Structural Steel Historical Market: Breakup by Country (USD Billion), 2018-2023
14.    GCC Prefabricated Building and Structural Steel Market Forecast: Breakup by Country (USD Billion), 2024-2032
15.    Saudi Arabia Prefabricated Building and Structural Steel Market: Key Industry Highlights, 2018 and 2032
16.    Saudi Arabia Prefabricated Building Historical Market: Breakup by Product Type (USD Billion), 2018-2023
17.    Saudi Arabia Prefabricated Building Market Forecast: Breakup by Product Type (USD Billion), 2024-2032
18.    Saudi Arabia Structural Steel Historical Market: Breakup by Component (USD Billion), 2018-2023
19.    Saudi Arabia Structural Steel Market Forecast: Breakup by Component (USD Billion), 2024-2032
20.    Saudi Arabia Prefabricated Building and Structural Steel Historical Market: Breakup by End Use (USD Billion), 2018-2023
21.    Saudi Arabia Prefabricated Building and Structural Steel Market Forecast: Breakup by End Use (USD Billion), 2024-2032
22.    Saudi Arabia Prefabricated Building and Structural Steel Market Structure

Key Questions Answered in the Report

In 2023, the prefabricated building and structural steel industry in Saudi Arabia attained a value of nearly USD 1.97 billion.

In the forecast period of 2024-2032, the market is projected to grow at a CAGR of 5.20%.

By 2032, the industry is estimated to reach a value of about USD 3.11 billion.

The major drivers of the market such as rising disposable incomes, expat population, growing demand for urban housing, and the rising investment by the government into infrastructural projects are expected to aid the market growth.

The key trends guiding the market include the environmental consciousness and the increasing construction of green buildings as well as the rising demand for affordable housing.

The major product types considered in the market report are floors and roof, walls, staircase, and panels and lintels, among others.

The various components of prefabricated building and structural steel are H-type beam, I-type beam, angels, and columns, among others.

The significant end uses of prefabricated building and structural steel are residential, institutional, commercial, and industrial.

Analyst Review

The Saudi Arabia prefabricated building and structural steel market attained a value of USD 1.97 billion in 2023 driven by the growing need for urban affordable housing. Aided by the growing investments into infrastructural projects, the market is expected to witness a further growth in the forecast period of 2024-2032, growing at a CAGR of 5.20%. The market is projected to reach USD 3.11 billion by 2032.

EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. Based on its product types, the Saudi Arabia prefabricated building market can be segmented into floors and roof, walls, staircase, and panels and lintels, among others, with floors and roof accounting for the largest share in the market. On the basis of component of structural steel, the H-type beam accounts for the leading market share. The residential sector accounted for the largest market share among other end-use sectors.

EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.

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