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Saudi Arabia Structural Steel Market Share, Size, Forecast: By Product Type: H-Type Beam, I-Type Beam, Columns, Angles, Others; By End-Use: Residential, Institutional, Commercial, Manufacturing; By Usage: Direct End-User, EPC-Contractor, Others; Regional Analysis; Market Dynamics: SWOT Analysis; Competitive Landscape; 2024-2032
Saudi Arabia Structural Steel Market Size
Saudi Arabia structural steel market is projected to grow at a CAGR of 4.9% between 2024 and 2032.
Key Takeaways:
- According to the World Bank in 2022, the value added of industrial sector (including construction) constitutes 53.2% of the Saudi Arabian GDP invested.
- Demand for structural steel in Saudi Arabia is increasing due to its ability to be recycled – both partially and completely.
- IMF notes regulatory and business enhancements driving diversification. New laws fostering entrepreneurship, safeguarding investor rights, and cutting business costs spurred significant investment growth in 2022 thus boosting the Saudi Arabia structural steel market growth.
Structural steel is hailed as a versatile and essential construction material, valued for its strength, durability, and adaptability in various architectural and engineering applications. Primarily composed of iron and carbon, with minor elements included, this steel attains its exceptional qualities through a precise manufacturing process involving specific heating and cooling techniques. Its remarkable tensile strength and flexibility enable the creation of robust frameworks and load-bearing structures such as buildings, bridges, and industrial facilities.
The malleability of structural steel allows for easy shaping and customization, empowering architects, and engineers to design intricate and innovative structures. Furthermore, its resistance to corrosion and fire enhances its reliability and longevity. As an environmentally friendly and recyclable material, structural steel plays a pivotal role in modern construction, contributing significantly to the efficiency and safety of a wide range of projects.
According to World Bank in 2022, the industrial sector in Saudi Arabia, including construction, is experiencing rapid growth. A significant portion, 53.2% of the GDP, is being invested in this sector, which has contributed to Saudi Arabia structural steel market.
Saudi Arabia Structural Steel Market Report Snapshots
Saudi Arabia Structural Steel Market Size
Saudi Arabia Structural Steel Market Trends
Saudi Arabia Structural Steel Companies
Saudi Arabia Structural Steel Market Regional Analysis
*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 Market Snapshot
7 Opportunities and Challenges in the Market
8 Saudi Arabia Structural Steel Market Overview
8.1 Key Industry Highlights
8.2 Saudi Arabia Structural Steel Historical Market (2018-2023)
8.3 Saudi Arabia Structural Steel Market Forecast (2024-2032)
9 Saudi Arabia Structural Steel Market by Product Type
9.1 H-Type Beam
9.1.1 Historical Trend (2018-2023)
9.1.2 Forecast Trend (2024-2032)
9.2 I-Type Beam
9.2.1 Historical Trend (2018-2023)
9.2.2 Forecast Trend (2024-2032)
9.3 Columns
9.3.1 Historical Trend (2018-2023)
9.3.2 Forecast Trend (2024-2032)
9.4 Angles
9.4.1 Historical Trend (2018-2023)
9.4.2 Forecast Trend (2024-2032)
9.5 Others
10 Saudi Arabia Structural Steel Market by End-Use
10.1 Residential
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Institutional
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 Commercial
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
10.4 Manufacturing
10.4.1 Historical Trend (2018-2023)
10.4.2 Forecast Trend (2024-2032)
11 Saudi Arabia Structural Steel Market by Usage
11.1 Direct End-User
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 EPC-Contractor
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 Others
12 Saudi Arabia Structural Steel Market by Region
12.1 Northern and Capital Region
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Western Region
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 Eastern Region
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
12.4 Others
13 Market Dynamics
13.1 SWOT Analysis
13.1.1 Strengths
13.1.2 Weaknesses
13.1.3 Opportunities
13.1.4 Threats
13.2 Porter’s Five Forces Analysis
13.2.1 Supplier’s Power
13.2.2 Buyer’s Power
13.2.3 Threat of New Entrants
13.2.4 Degree of Rivalry
13.2.5 Threat of Substitutes
14 Pricing Analysis
15 Competitive Landscape
15.1 Market Structure
15.2 Company Profiles
15.2.1 Saudi Iron and Steel Company (HADEED)
15.2.1.1 Company Overview
15.2.1.2 Product Portfolio
15.2.1.3 Demographic Reach and Achievements
15.2.1.4 Certifications
15.2.2 Al Ittefaq Steel Products Co's (ISPC)
15.2.2.1 Company Overview
15.2.2.2 Product Portfolio
15.2.2.3 Demographic Reach and Achievements
15.2.2.4 Certifications
15.2.3 Alfanar Group
15.2.3.1 Company Overview
15.2.3.2 Product Portfolio
15.2.3.3 Demographic Reach and Achievements
15.2.3.4 Certifications
15.2.4 Zamil Structural Steel Company Limited
15.2.4.1 Company Overview
15.2.4.2 Product Portfolio
15.2.4.3 Demographic Reach and Achievements
15.2.4.4 Certifications
15.2.5 Arabian Metal Product Organization
15.2.5.1 Company Overview
15.2.5.2 Product Portfolio
15.2.5.3 Demographic Reach and Achievements
15.2.5.4 Certifications
15.2.6 Isam Khairi Kabbani Group
15.2.6.1 Company Overview
15.2.6.2 Product Portfolio
15.2.6.3 Demographic Reach and Achievements
15.2.6.4 Certifications
15.2.7 Others
16 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Saudi Arabia Structural Steel Market: Key Industry Highlights, 2018 and 2032
2. Saudi Arabia Structural Steel Historical Market: Breakup by Product Type (USD Million), 2018-2023
3. Saudi Arabia Structural Steel Market Forecast: Breakup by Product Type (USD Million), 2024-2032
4. Saudi Arabia Structural Steel Historical Market: Breakup by End Use (USD Million), 2018-2023
5. Saudi Arabia Structural Steel Market Forecast: Breakup by End Use (USD Million), 2024-2032
6. Saudi Arabia Structural Steel Historical Market: Breakup by Usage (USD Million), 2018-2023
7. Saudi Arabia Structural Steel Market Forecast: Breakup by Usage (USD Million), 2024-2032
8. Saudi Arabia Structural Steel Historical Market: Breakup by Region (USD Million), 2018-2023
9. Saudi Arabia Structural Steel Market Forecast: Breakup by Region (USD Million), 2024-2032
Key Questions Answered in the Report
The market is projected to grow at a CAGR of 4.90% between 2024 and 2032.
The demand for structural steel in Saudi Arabia is propelled by robust growth in the industrial sector, the adoption of sustainable construction practices, cost efficiency, and rising investments.
The structural steel market is categorised according to its product type, which includes H-Type Beam, I-Type Beam, Columns, Angles, and others.
The market key players are Saudi Iron and Steel Company (HADEED), Al Ittefaq Steel Products Co's (ISPC), Alfanar Group, Zamil Structural Steel Co. Ltd., Arabian Metal Product Organization, and Isam Khairi Kabbani Group among others.
Based on the usage it is divided into Direct End-User, EPC-Contractor, and Others.
The major market areas include the Northern and Capital Region, Western Region, Eastern Region and Others.
Based on the end use, the market is divided into residential, commercial, and manufacturing.
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