PUBLISHER: SPER Market Research Pvt. Ltd. | PRODUCT CODE: 1355750
PUBLISHER: SPER Market Research Pvt. Ltd. | PRODUCT CODE: 1355750
According to SPER Market Research, 'Middle East Concrete Market Size- By Type, By Process, By End User - Regional Outlook, Competitive Strategies and Segment Forecast to 2033' state that the Middle East and Africa Precast Concrete Market is predicted to reach USD 44.00 billion by 2033 with a CAGR of 3.43%.
The Middle East's growing demand for concrete is mostly due to a number of factors. First off, the demand for infrastructure development, including residential, commercial, and industrial constructions, is increasing due to the region's growing urbanization and population. Middle Eastern governments are making significant investments in the modernization of their cities, airports, transportation systems, and smart infrastructure, creating a substantial market for physical goods and services.
The Middle East concrete market has been greatly impacted by the COVID-19 outbreak. Early on in the outbreak, lockdowns and travel restrictions caused a number of construction projects to slow down or temporarily stop, which caused problems for the local construction industry. Many construction sites had to adhere to stringent safety regulations and restrict their employees in order to stop the virus from spreading, which resulted in delays and increased project costs.