Saudi Arabia and U.A.E. Modular Construction Market - Industry Trends and Forecast to 2031

Description

List of Tables

Saudi Arabia and U.A.E. modular construction market is expected to reach USD 4,731,411.12 thousand by 2031 from USD 2,614,077.74 thousand in 2023, growing with a substantial CAGR of 7.9% in the forecast period of 2024 to 2031.

Market Segmentation:

Saudi Arabia and U.A.E. Modular construction Market, By Type (Permanent and Relocatable), Material (Wood, Steel, Concrete, and Others) End-User (Residential, Hospitality, Healthcare, Education, Retail and Commercial, Office, and Others), Country (Saudi Arabia and U.A.E.) - Industry Trends and Forecast to 2031.

Overview Saudi Arabia and U.A.E. Modular Construction Market Dynamics

Driver

Ability to complete projects faster compared to traditional on-site buildings

Restraint

Lack of reliability on modular construction in earthquake-prone regions

Opportunity

Increased support from government's rules and policies

Market Players

Some of the key players operating in the Saudi Arabia and U.A.E. modular construction market are:

Bechtel Corporation
Fluor Corporation
LAING O'ROURKE
Red Sea International
BK Gulf LLC (a Subsidiary of Dutco Group of Companies)
SPACEMAKER KSA
DUBOX
Arabian Containers LLC
Gulf Modular International

1 INTRODUCTION 10

1.1 OBJECTIVES OF THE STUDY 10
1.2 MARKET DEFINITION 10
1.3 OVERVIEW OF SAUDI ARABIA AND U.A.E. MODULAR CONSTRUCTION MARKET 10
1.4 LIMITATIONS 11
1.5 MARKETS COVERED 11

2 MARKET SEGMENTATION 13

2.1 MARKETS COVERED 13
2.2 GEOGRAPHICAL SCOPE 14
2.3 YEARS CONSIDERED FOR THE STUDY 14
2.4 CURRENCY AND PRICING 14
2.5 DBMR TRIPOD DATA VALIDATION MODEL 15
2.6 TYPE LIFE LINE CURVE 19
2.7 MULTIVARIATE MODELING 20
2.8 PRIMARY INTERVIEWS WITH KEY OPINION LEADERS 21
2.9 DBMR MARKET POSITION GRID 22
2.10 MARKET APPLICATION COVERAGE GRID 23
2.11 DBMR MARKET CHALLENGE MATRIX 24
2.12 DBMR VENDOR SHARE ANALYSIS 25
2.13 SECONDARY SOURCES 26
2.14 ASSUMPTIONS 27

3 EXECUTIVE SUMMARY 28

4 PREMIUM INSIGHTS 30

4.1 SUPPLY CHAIN ANALYSIS 32
- 4.1.1 RAW MATERIAL PROCUREMENT 32
- 4.1.2 MANUFACTURING AND PACKING 33
- 4.1.3 MARKETING AND DISTRIBUTION 33
- 4.1.4 END-USERS 34
4.2 VALUE CHAIN OF SAUDI ARABIA AND UAE MODULAR CONSTRUCTION MARKET 35

5 MARKET OVERVIEW 37

5.1 DRIVERS 39
- 5.1.1 ABILITY TO COMPLETE PROJECTS FASTER COMPARED TO TRADITIONAL ON-SITE BUILDINGS 39
- 5.1.2 GROWING EMPHASIS ON SUSTAINABILITY, QUALITY, AND WORKERS' SAFETY 39
- 5.1.3 EASE OF DISASSEMBLING, REFURBISHMENT, AND RELOCATION OF MODULAR CONSTRUCTIONS 40
- 5.1.4 INCREASE IN PER CAPITA INCOME AND EASY AVAILABILITY OF FINANCES AND LOANS 41
5.2 RESTRAINTS 41
- 5.2.1 LACK OF RELIABILITY ON MODULAR CONSTRUCTION IN EARTHQUAKE-PRONE REGIONS 41
- 5.2.2 FLUCTUATING TRANSPORTATION COSTS FOR PREFABRICATED MODULES 42
5.3 OPPORTUNITIES 42
- 5.3.1 INCREASED SUPPORT FROM GOVERNMENT'S RULES AND POLICIES 42
- 5.3.2 RENEWED FOCUS ON UPGRADING HEALTHCARE INFRASTRUCTURE 43
5.4 CHALLENGES 43
- 5.4.1 LACK OF AWARENESS REGARDING MODULAR CONSTRUCTION 43
- 5.4.2 SHORTAGE OF SKILLED LABOR IN THE MODULAR CONSTRUCTION INDUSTRY 44

6 SAUDI ARABIA AND U.A.E. MODULAR CONSTRUCTION MARKET, BY TYPE 45

6.1 OVERVIEW 46
6.2 PERMANENT 49
6.3 RELOCATABLE 49

7 SAUDI ARABIA AND U.A.E. MODULAR CONSTRUCTION MARKET, BY MATERIAL 50

7.1 OVERVIEW 51
7.2 WOOD 53
7.3 STEEL 53
7.4 CONCRETE 54
7.5 OTHERS 54

8 SAUDI ARABIA AND U.A.E MODULAR CONSTRUCTION MARKET, BY END-USER 55

8.1 OVERVIEW 56
8.2 RESIDENTIAL 59
8.3 HOSPITALITY 59
8.4 HEALTHCARE 59
8.5 EDUCATION 59
8.6 RETAIL AND COMMERCIAL 59
- 8.6.1 RELOCATABLE BUILDING 60
- 8.6.2 PERMANENT MODULAR 60
8.7 OFFICE 61
8.8 OTHERS 61

9 SAUDI ARABIA AND U.A.E. MODULAR CONSTRUCTION MARKET: COMPANY LANDSCAPE 62

9.1 COMPANY SHARE ANALYSIS: SAUDI ARABIA 62
9.2 COMPANY SHARE ANALYSIS: U.A.E. 63
9.3 AWARDS 64
9.4 CONTRACTS 64

10 SWOT ANALYSIS 65

11 COMPANY PROFILES 66

11.1 BECHTEL CORPORATION 66
- 11.1.1 COMPANY SNAPSHOT 66
- 11.1.2 PRODUCT PORTFOLIO 66
- 11.1.3 RECENT DEVELOPMENT 67
11.2 FLUOR CORPORATION 68
- 11.2.1 COMPANY SNAPSHOT 68
- 11.2.2 REVENUE ANALYSIS 68
- 11.2.3 PRODUCT PORTFOLIO 69
- 11.2.4 RECENT DEVELOPMENTSS 69
11.3 LAING O'ROURKE 70
- 11.3.1 COMPANY SNAPSHOT 70
- 11.3.2 PRODUCT PORTFOLIO 70
- 11.3.3 RECENT DEVELOPMENTS 70
11.4 RED SEA INTERNATIONAL 71
- 11.4.1 COMPANY SNAPSHOT 71
- 11.4.2 REVENUE ANALYSIS 71
- 11.4.3 PRODUCT PORTFOLIO 72
- 11.4.4 RECENT DEVELOPMENT 72
11.5 BK GULF LLC (A SUBSIDIARY OF DUTCO GROUP OF COMPANIES) 73
- 11.5.1 COMPANY SNAPSHOT 73
- 11.5.2 PRODUCT PORTFOLIO 73
- 11.5.3 RECENT DEVELOPMENTS 73
11.6 ARABIAN CONTAINERS LLC 74
- 11.6.1 COMPANY SNAPSHOT 74
- 11.6.2 PRODUCT PORTFOLIO 74
- 11.6.3 RECENT DEVELOPMENTS 74
11.7 DUBOX 75
- 11.7.1 COMPANY SNAPSHOT 75
- 11.7.2 PRODUCT PORTFOLIO 75
- 11.7.3 RECENT DEVELOPMENT 76
11.8 GULF MODULAR INTERNATIONAL 77
- 11.8.1 COMPANY SNAPSHOT 77
- 11.8.2 PRODUCT PORTFOLIO 77
- 11.8.3 RECENT DEVELOPMENTS 77
11.9 SPACEMAKER KSA 78
- 11.9.1 COMPANY SNAPSHOT 78
- 11.9.2 PRODUCT PORTFOLIO 78
- 11.9.3 RECENT DEVELOPMENTS 79

12 QUESTIONNAIRE 80

13 RELATED REPORTS 83

LIST OF TABLES

TABLE 1 SAUDI ARABIA MODULAR CONSTRUCTION MARKET, BY TYPE, 2022-2031 (USD THOUSAND) 48
TABLE 2 SAUDI ARABIA MODULAR CONSTRUCTION MARKET, BY TYPE, 2022-2031 (AVERAGE SQUARE FEET) 48
TABLE 3 U.A.E. MODULAR CONSTRUCTION MARKET, BY TYPE, 2022-2031 (USD THOUSAND) 48
TABLE 4 U.A.E. MODULAR CONSTRUCTION MARKET, BY TYPE, 2022-2031 (AVERAGE SQUARE FEET) 48
TABLE 5 SAUDI ARABIA MODULAR CONSTRUCTION MARKET, BY MATERIAL, 2022-2031 (USD THOUSAND) 53
TABLE 6 U.A.E. MODULAR CONSTRUCTION MARKET, BY MATERIAL, 2022-2031 (USD THOUSAND) 53
TABLE 7 SAUDI ARABIA MODULAR CONSTRUCTION MARKET, BY END-USER, 2022-2031 (USD THOUSAND) 58
TABLE 8 U.A.E. MODULAR CONSTRUCTION MARKET, BY END-USER, 2022-2031 (USD THOUSAND) 58
TABLE 9 SAUDI ARABIA RETAIL AND COMMERCIAL IN MODULAR CONSTRUCTION MARKET, BY END-USER, 2022-2031 (USD THOUSAND) 60
TABLE 10 U.A.E. RETAIL AND COMMERCIAL IN MODULAR CONSTRUCTION MARKET, BY END-USER, 2022-2031 (USD THOUSAND) 60

LIST OF FIGURES

FIGURE 1 SAUDI ARABIA AND U.A.E. MODULAR CONSTRUCTION MARKET 13
FIGURE 2 SAUDI ARABIA AND U.A.E. MODULAR CONSTRUCTION MARKET: DATA TRIANGULATION 15
FIGURE 3 SAUDI ARABIA AND U.A.E. MODULAR CONSTRUCTION MARKET: DROC ANALYSIS 16
FIGURE 4 SAUDI ARABIA MODULAR CONSTRUCTION MARKET: COUNTRY VS REGIONAL MARKET ANALYSIS 17
FIGURE 5 SAUDI ARABIA MODULAR CONSTRUCTION MARKET: COMPANY RESEARCH ANALYSIS 17
FIGURE 6 U.A.E. MODULAR CONSTRUCTION MARKET: REGIONAL VS COUNTRY MARKET ANALYSIS 18
FIGURE 7 U.A.E. MODULAR CONSTRUCTION MARKET: COMPANY RESEARCH ANALYSIS 18
FIGURE 8 SAUDI ARABIA AND U.A.E. MODULAR CONSTRUCTION MARKET: THE TYPE LIFE LINE CURVE 19
FIGURE 9 SAUDI ARABIA AND U.A.E. MODULAR CONSTRUCTION MARKET: MULTIVARIATE MODELLING 20
FIGURE 10 SAUDI ARABIA AND U.A.E. MODULAR CONSTRUCTION MARKET: INTERVIEW DEMOGRAPHICS 21
FIGURE 11 SAUDI ARABIA AND U.A.E. MODULAR CONSTRUCTION MARKET: DBMR MARKET POSITION GRID 22
FIGURE 12 SAUDI ARABIA AND U.A.E. MODULAR CONSTRUCTION MARKET: MARKET END-USER COVERAGE GRID 23
FIGURE 13 SAUDI ARABIA AND U.A.E. MODULAR CONSTRUCTION MARKET: THE MARKET CHALLENGE MATRIX 24
FIGURE 14 SAUDI ARABIA AND U.A.E. MODULAR CONSTRUCTION MARKET: VENDOR SHARE ANALYSIS 25
FIGURE 15 SAUDI ARABIA AND U.A.E. MODULAR CONSTRUCTION MARKET: SEGMENTATION 29
FIGURE 16 ABILITY TO COMPLETE PROJECTS QUICKLY COMPARED TO TRADITIONAL ON-SITE BUILDINGS IS EXPECTED TO DRIVE SAUDI ARABIA MODULAR CONSTRUCTION MARKET IN THE FORECAST PERIOD 30
FIGURE 17 GROWING EMPHASIS ON SUSTAINABILITY, QUALITY, AND WORKER SAFETY IS EXPECTED TO DRIVE U.A.E. MODULAR CONSTRUCTION MARKET IN THE FORECAST PERIOD 30
FIGURE 18 PERMANENT SEGMENT IS EXPECTED TO ACCOUNT FOR THE LARGEST SHARE OF THE SAUDI ARABIA MODULAR CONSTRUCTION MARKET IN 2024 & 2031 31
FIGURE 19 PERMANENT SEGMENT IS EXPECTED TO ACCOUNT FOR THE LARGEST SHARE OF THE U.A.E. MODULAR CONSTRUCTION MARKET IN 2024 & 2031 31
FIGURE 20 SUPPLY CHAIN ANALYSIS- SAUDI ARABIA AND U.A.E. MODULAR CONSTRUCTION MARKET 32
FIGURE 21 DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES OF THE SAUDI ARABIA AND U.A.E. MODULAR CONSTRUCTION MARKET 38
FIGURE 22 SAUDI ARABIA MODULAR CONSTRUCTION MARKET: BY TYPE, 2023 46
FIGURE 23 U.A.E. MODULAR CONSTRUCTION MARKET: BY TYPE, 2023 47
FIGURE 24 SAUDI ARABIA MODULAR CONSTRUCTION MARKET: BY MATERIAL, 2023 51
FIGURE 25 U.A.E. MODULAR CONSTRUCTION MARKET: BY MATERIAL, 2023 52
FIGURE 26 SAUDI ARABIA MODULAR CONSTRUCTION MARKET: BY END-USER, 2023 56
FIGURE 27 U.A.E. MODULAR CONSTRUCTION MARKET: BY END-USER, 2023 57
FIGURE 28 SAUDI ARABIA MODULAR CONSTRUCTION MARKET: COMPANY SHARE 2023 (%) 62
FIGURE 29 U.A.E. MODULAR CONSTRUCTION MARKET: COMPANY SHARE 2023 (%) 63