PUBLISHER: SkyQuest | PRODUCT CODE: 1270746
PUBLISHER: SkyQuest | PRODUCT CODE: 1270746
GCC Pre-Engineered Buildings Market size was valued at USD 14.32 billion in 2021 and is poised to grow from USD 15.78 billion in 2022 to USD 34.11 billion by 2030, growing at a CAGR of 10.1% in the forecast period (2023-2030).
Pre-engineered or prefabricated buildings (also known as prefabs) are built off-site and delivered to the site for on-site assembly. It includes the structure of the building as well as the roof and wall coverings. Pre-engineered building makers create it to match the needs of the customer by using the best raw material stocks. The structural systems are made up of rigid frames, plate steel, roof beams, and columns. The two primary types of prefabricated building materials are concrete-based prefabricated goods and metal prefabricated goods. Metal prefabricated components in high demand include frames, partition panels, door and window frames, metallic roof systems, formworks at various stages of construction, precast beams and facades, tunnel linings, bridge girders, platforms for metro works, sewage discharge units and underground facilities, and so on. Prefabricated homes are becoming increasingly popular, not only for business buildings but also for residential dwellings. However, because of the environmental benefits prefabricated houses provide with their modern housing, they are expected to become more common in the future.
Top-down and bottom-up approaches were used to estimate and validate the size of global GCC Pre-Engineered Buildings Market and to estimate the size of various other dependent submarkets. The research methodology used to estimate the market size includes the following details: The key players in the market were identified through secondary research, and their market shares in the respective regions were determined through primary and secondary research. This entire procedure includes the study of the annual and financial reports of the top market players and extensive interviews for key insights from industry leaders such as CEOs, VPs, directors, and marketing executives. All percentage shares split, and breakdowns were determined by using secondary sources and verified through Primary sources. All possible parameters that affect the markets covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analysed to get the final quantitative and qualitative data.
Segments covered in this report
GCC Pre-Engineered Buildings Market is segmented based on the Material, Structure, Unit Size, Application, and region. Based on material, the GCC Pre-Engineered Buildings Market is segmented into Concrete, Glass, Steel, Timber, Architectural Structures and Others. On the basis of structure, GCC Pre-Engineered Buildings Market is bifurcated into assembled and un-assembled. According to unit size, the GCC Pre-Engineered Buildings Market is sub segmented into Small (below 1 ton) and Large (above 1 ton). On the basis of application, the GCC Pre-Engineered Buildings Market is categorized into Residential, Commercial and Industrial. Based on Region, GCC Pre-Engineered Buildings Market is categorized into United Arab Emirates, Saudi Arabia, Kuwait, Qatar, Oman and Bahrain.
Driver
Increasing Construction Activity Driving Market Development
Construction activity and investments in infrastructure, road, and railway projects have increased across the GCC region. This is one of the primary factors driving market growth. Events planned for the GCC region, as well as a significant increase in the tourist industry, have facilitated the demand for quick and economical building solutions. As a result, demand for prefabricated houses has soared.
The increased emphasis on sustainable growth is encouraging the usage of prefabricated structures in the construction industry, which is driving market expansion. Furthermore, the industry is expanding as a result of increased infrastructure investment by both public and private stakeholders.
Because of increased urbanisation, migration, and a developing warehousing sector, demand for pre-engineered buildings is increasing at a faster rate.
Restraint
Pre-Engineered Building Material Limitations
Low construction tolerance, reliance on suppliers, and high development costs are all key impediments to the growth of the GCC prefabricated building and structural steel markets. Furthermore, low thermal conductivity, a lack of fire resistance, and corrosion vulnerability are a few factors that may hinder market expansion.
Market Trends
Architecture, engineering, and construction (AEC) have benefited greatly from digitization. All business benefits are largely due to the available technology and how it is used. BIM (building information modelling) is critical to modern construction advancements. A project's entire three-dimensional environment can be visually designed using technology. Effective pre-construction ensures a successful outcome before breaking ground. Effective modular house designs must use BIM because it ensures that each construction uses only the necessary resources and generates as little waste as possible. Every construction company must now utilise BIM, which is changing the way it communicates and conducts business. As a result, regional AEC firms in the GCC areas will embrace BIM either as a result of legislative requirements or as a purposeful decision to undertake digital transformation. As systems mature, adopters will benefit from increased efficiency and decreased costs. Augmented reality (AR), a technique that superimposes virtual models on real-world surroundings so that users can safely interact with both and with one another, complements BIM. AR will be required for BIM to be practical and accessible to on-site staff.