According to the new market research report by IMARC Group “GCC Prefabricated Building and Structural Steel Market: Industry Trends, Share, Size, Grow
According to the new market research report by IMARC Group “GCC Prefabricated Building and Structural Steel Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026”, the GCC prefabricated building and structural steel market reached a value of US$ 3.15 Billion in 2020. Prefabricated buildings refer to the structures manufactured in a factory and transported to the construction site, which are then assembled in proper buildings. On the other hand, structural steel frames, are the skeletal framework of the building, wherein the prefabricated parts are installed. Various types of materials, including metal panels, wooden panels, glass, plastics, composites and other reinforced plastics are used in the process to build these structures.
We are constantly tracing and assessing the impact of the COVID-19 pandemic on the industry. These influences have been covered in our report as significant market contributors.
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Prefabricated buildings and structural steel significantly aids in waste management and is energy-efficient. This, along with the rapidly expanding construction sector across the region represents one of the key factors driving the market growth. Additionally, the increasing focus on sustainable products has significantly boosted the demand for prefabricated building and structural steel, which is further providing an impetus to the market growth. Apart from this, the expanding tourism sector and rising investments in infrastructural projects by private and public stakeholders are creating a positive outlook for the market in the GCC region. On account of these factors, the GCC prefabricated building and structural steel market is expected to exhibit moderate growth during the next five years.
Breakup by Product Type:
- Prefabricated Building
- Structural Steel.
Breakup by End-Use:
- Industrial sectors
- Saudi Arabia
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Key highlights of the report:
- Market Performance (2015-2020)
- Market Outlook (2021-2026)
- Market Trends
- Market Drivers and Success Factors
- The Impact of COVID-19 on the Global Market
- Value Chain Analysis
- Structure of the Global Market
- Comprehensive mapping of the competitive landscape
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
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