According to the latest report by IMARC Group, titled “Saudi Arabia Prefabricated Building and Structural Steel Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026,” the Saudi Arabia prefabricated building and structural steel market reached a value of US$ 1577.5 Million in 2020. Looking forward, IMARC Group expects the Saudi Arabia prefabricated building and structural steel market to exhibit moderate growth during 2021-2026. Prefabricated buildings refer to structures manufactured off-site and then transported and assembled on the construction site. On the other hand, structural steel is the basic framework wherein the prefabricated components are installed. In Saudi Arabia, prefabricated building and structural steel have gained traction as they offer numerous advantages, such as durability, design flexibility, environment-friendly nature, minimal maintenance, easy expansion, time efficiency, and affordability than conventionally constructed buildings.
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Saudi Arabia Prefabricated Building And Structural Steel Market Trends:
The Saudi Arabia prefabricated building and structural steel market is primarily driven by their widespread usage to construct housing complexes, offices, warehouses, and camp facilities. Additionally, the Government of Saudi Arabia is heavily investing in infrastructural projects like Vision 2030, NEOM city, Jeddah Waterfront and Entertainment City, thereby contributing to the market growth. Furthermore, the growing need for affordable housing due to the rising population and influx of expatriates has augmented the product demand. Other factors, including the expanding construction sector, rapid urbanization, and increasing environmental concerns, are also anticipated to propel the market growth.
Key Market Segmentation:
Competitive Landscape with Key Players:
- Saudi Building Systems Mfg. Co.
- Red Sea Housing Services
- Kirby Building Systems
- Zamil Steel Pre-Engineered Buildings Co. Ltd.
Breakup by Component:
- Floors and Roof
- Panels and Lintels
- H-Type Beam
- I-Type Beam
Breakup by End Use:
Key Highlights of the Report:
- Market Performance (2015-2020)
- Market Outlook (2021-2026)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
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