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Saudi Arabia Prefabricated Building and Structural Steel Market: By Product Type; By Component; By End Use; Historical Market and Forecast (2018-2028); Market Dynamics; Value Chain Analysis; Price Analysis; Competitive Landscape; Industry Events and Developments
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 1.7 billion in the year 2020. The prefabricated building and structural steel market in the region is further expected to grow at a CAGR of 5% between 2021 and 2026 to reach a value of almost USD 2.3 billion by 2026.
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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.
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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.
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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 (2018-2022) and forecast (2023-2028) trends of each segment of the industry. The detailed report also provides an overview of the global and GCC markets.
| REPORT FEATURES | DETAILS |
|---|---|
| Base Year | 2022 |
| Historical Period | 2018-2022 |
| Forecast Period | 2023-2028 |
| 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, Porter's Five Forces, Key Indicators for Price and Demand |
| Price Analysis | Historical and Forecast Price Trends- Regional |
| 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. |
*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
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 (2018-2022)
8.3 Global Prefabricated Building and Structural Steel Market Forecast (2023-2028)
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 Market Share
8.6.1.1 North America
8.6.1.2 Europe
8.6.1.3 Asia Pacific
8.6.1.4 Latin America
8.6.1.5 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 (2018-2022)
9.3 GCC Prefabricated Building and Structural Steel Market Forecast (2023-2028)
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 (2018-2022)
10.3 Saudi Arabia Prefabricated Building and Structural Steel Market Forecast (2023-2028)
10.4 Saudi Arabia Prefabricated Building Market by Product Type
10.4.1 Floors and Roof
10.4.1.1 Market Share
10.4.1.2 Historical Trend (2018-2022)
10.4.1.3 Forecast Trend (2023-2028)
10.4.2 Walls
10.4.2.1 Market Share
10.4.2.2 Historical Trend (2018-2022)
10.4.2.3 Forecast Trend (2023-2028)
10.4.3 Staircase
10.4.3.1 Market Share
10.4.3.2 Historical Trend (2018-2022)
10.4.3.3 Forecast Trend (2023-2028)
10.4.4 Panels and Lintels
10.4.4.1 Market Share
10.4.4.2 Historical Trend (2018-2022)
10.4.4.3 Forecast Trend (2023-2028)
10.4.5 Others
10.5 Saudi Arabia Structural Steel Market by Component
10.5.1 H-Type Beam
10.5.1.1 Market Share
10.5.1.2 Historical Trend (2018-2022)
10.5.1.3 Forecast Trend (2023-2028)
10.5.2 I-Type Beam
10.5.2.1 Market Share
10.5.2.2 Historical Trend (2018-2022)
10.5.2.3 Forecast Trend (2023-2028)
10.5.3 Columns
10.5.3.1 Market Share
10.5.3.2 Historical Trend (2018-2022)
10.5.3.3 Forecast Trend (2023-2028)
10.5.4 Angles
10.5.4.1 Market Share
10.5.4.2 Historical Trend (2018-2022)
10.5.4.3 Forecast Trend (2023-2028)
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 Market Share
10.6.1.2 Historical Trend (2018-2022)
10.6.1.3 Forecast Trend (2023-2028)
10.6.2 Institutional
10.6.2.1 Market Share
10.6.2.2 Historical Trend (2018-2022)
10.6.2.3 Forecast Trend (2023-2028)
10.6.3 Commercial
10.6.3.1 Market Share
10.6.3.2 Historical Trend (2018-2022)
10.6.3.3 Forecast Trend (2023-2028)
10.6.4 Industrial
10.6.4.1 Market Share
10.6.4.2 Historical Trend (2018-2022)
10.6.4.3 Forecast Trend (2023-2028)
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 Key Players' Market Share
14.3 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 2028
2. Global Prefabricated Building and Structural Steel Historical Market: Breakup by Product Type (USD Billion), 2018-2022
3. Global Prefabricated Building and Structural Steel Market Forecast: Breakup by Product Type (USD Billion), 2023-2028
4. Global Prefabricated Building and Structural Steel Historical Market: Breakup by End Use (USD Billion), 2018-2022
5. Global Prefabricated Building and Structural Steel Market Forecast: Breakup by End Use (USD Billion), 2023-2028
6. Global Prefabricated Building and Structural Steel Historical Market: Breakup by Region (USD Billion), 2018-2022
7. Global Prefabricated Building and Structural Steel Market Forecast: Breakup by Region (USD Billion), 2023-2028
8. GCC Prefabricated Building and Structural Steel Market: Key Industry Highlights, 2018 and 2028
9. GCC Prefabricated Building and Structural Steel Historical Market: Breakup by Product Type (USD Billion), 2018-2022
10. GCC Prefabricated Building and Structural Steel Market Forecast: Breakup by Product Type (USD Billion), 2023-2028
11. GCC Prefabricated Building and Structural Steel Historical Market: Breakup by End Use (USD Billion), 2018-2022
12. GCC Prefabricated Building and Structural Steel Market Forecast: Breakup by End Use (USD Billion), 2023-2028
13. GCC Prefabricated Building and Structural Steel Historical Market: Breakup by Country (USD Billion), 2018-2022
14. GCC Prefabricated Building and Structural Steel Market Forecast: Breakup by Country (USD Billion), 2023-2028
15. Saudi Arabia Prefabricated Building and Structural Steel Market: Key Industry Highlights, 2018 and 2028
16. Saudi Arabia Prefabricated Building Historical Market: Breakup by Product Type (USD Billion), 2018-2022
17. Saudi Arabia Prefabricated Building Market Forecast: Breakup by Product Type (USD Billion), 2023-2028
18. Saudi Arabia Structural Steel Historical Market: Breakup by Component (USD Billion), 2018-2022
19. Saudi Arabia Structural Steel Market Forecast: Breakup by Component (USD Billion), 2023-2028
20. Saudi Arabia Prefabricated Building and Structural Steel Historical Market: Breakup by End Use (USD Billion), 2018-2022
21. Saudi Arabia Prefabricated Building and Structural Steel Market Forecast: Breakup by End Use (USD Billion), 2023-2028
22. Saudi Arabia Prefabricated Building and Structural Steel Market Structure
Key Questions Answered in the Report
In 2020, the prefabricated building and structural steel industry in Saudi Arabiaattained a value of nearly USD 1.7 billion.
In the forecast period of 2023-2028, the market is projected to grow at a CAGR of 5%.
By 2026, the industry is estimated to reach a value of about USD 2.3 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 rising need for affordable housing and the growing eco-consciousness among the consumers are the major trends defining the market growth.
The leading prefabricated building product type in the market in Saudi Arabia is floors and roof.
The H-type beam is the major component of structural steel in the industry.
The residential sector accounted for the leading market share among other end-use sectors in the Saudi Arabia market.
Analyst Review
The Saudi Arabia prefabricated building and structural steel market attained a value of USD 1.7 billion in 2020 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 2023-2028, growing at a CAGR of 5%. The market is projected to reach USD 2.3 billion by 2026.
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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