Press release
Saudi Arabia Prefabricated Building and Structural Steel Market Size Worth USD 2,513.6 Million by 2032 | CAGR 3.9%
๐๐๐ฎ๐๐ข ๐๐ซ๐๐๐ข๐ ๐๐ซ๐๐๐๐๐ซ๐ข๐๐๐ญ๐๐ ๐๐ฎ๐ข๐ฅ๐๐ข๐ง๐ ๐๐ง๐ ๐๐ญ๐ซ๐ฎ๐๐ญ๐ฎ๐ซ๐๐ฅ ๐๐ญ๐๐๐ฅ ๐๐๐ซ๐ค๐๐ญ ๐๐ฏ๐๐ซ๐ฏ๐ข๐๐ฐ๐๐๐ฌ๐ ๐๐๐๐ซ: 2023
๐๐ข๐ฌ๐ญ๐จ๐ซ๐ข๐๐๐ฅ ๐๐๐๐ซ๐ฌ: 2018-2023
๐ ๐จ๐ซ๐๐๐๐ฌ๐ญ ๐๐๐๐ซ๐ฌ: 2024-2032
๐๐๐ซ๐ค๐๐ญ ๐๐ข๐ณ๐ ๐ข๐ง ๐๐๐๐: ๐๐๐ ๐,๐๐๐.๐ ๐๐ข๐ฅ๐ฅ๐ข๐จ๐ง
๐๐๐ซ๐ค๐๐ญ ๐ ๐จ๐ซ๐๐๐๐ฌ๐ญ ๐ข๐ง ๐๐๐๐: ๐๐๐ ๐,๐๐๐.๐ ๐๐ข๐ฅ๐ฅ๐ข๐จ๐ง
๐๐๐ซ๐ค๐๐ญ ๐๐ซ๐จ๐ฐ๐ญ๐ก ๐๐๐ญ๐: ๐.๐% (๐๐๐๐-๐๐๐๐)
The Saudi Arabia prefabricated building and structural steel market size reached ๐๐๐ ๐,๐๐๐.๐ ๐๐ข๐ฅ๐ฅ๐ข๐จ๐ง in 2023. Looking forward, IMARC Group expects the market to reach ๐๐๐ ๐,๐๐๐.๐ ๐๐ข๐ฅ๐ฅ๐ข๐จ๐ง by 2032, exhibiting a ๐ ๐ซ๐จ๐ฐ๐ญ๐ก ๐ซ๐๐ญ๐ (๐๐๐๐) ๐จ๐ ๐.๐% during 2024-2032.
๐๐๐ช๐ฎ๐๐ฌ๐ญ ๐๐จ๐ซ ๐ ๐ฌ๐๐ฆ๐ฉ๐ฅ๐ ๐๐จ๐ฉ๐ฒ ๐จ๐ ๐ญ๐ก๐ข๐ฌ ๐ซ๐๐ฉ๐จ๐ซ๐ญ: https://www.imarcgroup.com/saudi-arabia-prefabricated-building-structural-steel-market/requestsample
๐๐๐ฎ๐๐ข ๐๐ซ๐๐๐ข๐ ๐๐ซ๐๐๐๐๐ซ๐ข๐๐๐ญ๐๐ ๐๐ฎ๐ข๐ฅ๐๐ข๐ง๐ ๐๐ง๐ ๐๐ญ๐ซ๐ฎ๐๐ญ๐ฎ๐ซ๐๐ฅ ๐๐ญ๐๐๐ฅ ๐๐๐ซ๐ค๐๐ญ ๐๐ซ๐๐ง๐๐ฌ:
The Saudi Arabia prefabricated building and structural steel market is primarily driven by the country's extensive infrastructure development projects under its Vision 2030 initiative. As the government focuses on diversifying the economy and reducing oil dependence, there is an increasing demand for rapid and cost-effective construction solutions, which makes prefabricated buildings and structural steel highly appealing.
Mega-projects like NEOM, The Red Sea Project, and Qiddiya are pivotal in driving the need for prefabricated structures, as these developments require efficient construction methods to meet tight timelines and large-scale demands. Prefabricated buildings offer significant advantages in terms of speed, cost-efficiency, and environmental sustainability, aligning with the Kingdom's goals for rapid urbanization and modern infrastructure.
Furthermore, the growth in the commercial, residential, and industrial construction sectors is propelling the demand for structural steel due to its strength, flexibility, and sustainability in high-rise buildings, bridges, and industrial plants. The ongoing expansion of energy projects, including renewable energy infrastructure, is also fueling demand for both prefabricated buildings and structural steel.
๐๐๐ฎ๐๐ข ๐๐ซ๐๐๐ข๐ ๐๐ซ๐๐๐๐๐ซ๐ข๐๐๐ญ๐๐ ๐๐ฎ๐ข๐ฅ๐๐ข๐ง๐ ๐๐ง๐ ๐๐ญ๐ซ๐ฎ๐๐ญ๐ฎ๐ซ๐๐ฅ ๐๐ญ๐๐๐ฅ ๐๐๐ซ๐ค๐๐ญ ๐๐๐จ๐ฉ๐ ๐๐ง๐ ๐๐ซ๐จ๐ฐ๐ญ๐ก ๐๐ง๐๐ฅ๐ฒ๐ฌ๐ข๐ฌ:
The scope of the Saudi Arabia prefabricated building and structural steel market covers a wide range of sectors, including commercial, residential, industrial, and infrastructure projects. Market analysis indicates a shift towards modern construction techniques such as modular and prefabricated structures, which are increasingly adopted for their time-saving and cost-effective benefits.
The rising urbanization and industrialization in the Kingdom have heightened the need for flexible and scalable construction solutions, further driving the market. Local steel manufacturers and construction firms are playing a crucial role in meeting this demand, although imports still supplement the supply, particularly for advanced materials. Challenges in the market include fluctuations in global steel prices, reliance on imports for certain steel grades, and the need for skilled labor to implement modern construction technologies.
However, the market outlook remains positive, driven by the continuous government investment in large-scale infrastructure and industrial projects. The adoption of eco-friendly materials and sustainable building practices, in line with global environmental standards, is expected to further shape the future of the prefabricated building and structural steel market in Saudi Arabia.
๐๐๐ฎ๐๐ข ๐๐ซ๐๐๐ข๐ ๐๐ซ๐๐๐๐๐ซ๐ข๐๐๐ญ๐๐ ๐๐ฎ๐ข๐ฅ๐๐ข๐ง๐ ๐๐ง๐ ๐๐ญ๐ซ๐ฎ๐๐ญ๐ฎ๐ซ๐๐ฅ ๐๐ญ๐๐๐ฅ ๐๐ง๐๐ฎ๐ฌ๐ญ๐ซ๐ฒ ๐๐๐ ๐ฆ๐๐ง๐ญ๐๐ญ๐ข๐จ๐ง:
The report has segmented the market into the following categories:
๐๐ซ๐๐๐ค๐ฎ๐ฉ ๐๐ฒ ๐๐จ๐ฆ๐ฉ๐จ๐ง๐๐ง๐ญ:
๐๐ซ๐๐๐๐๐ซ๐ข๐๐๐ญ๐๐ ๐๐ฎ๐ข๐ฅ๐๐ข๐ง๐ :
โข Floors and Roof
โข Walls
โข Staircase
โข Panels and Lintels
โข Others
๐๐ญ๐ซ๐ฎ๐๐ญ๐ฎ๐ซ๐๐ฅ ๐๐ญ๐๐๐ฅ:
โข H-Type Beam
โข I-Type Beam
โข Columns
โข Angles
โข Others
๐๐ซ๐๐๐ค๐ฎ๐ฉ ๐๐ฒ ๐๐ง๐ ๐๐ฌ๐:
โข Residential
โข Institutional
โข Commercial
โข Industrial
๐๐จ๐ฆ๐ฉ๐๐ญ๐ข๐ญ๐ข๐ฏ๐ ๐๐๐ง๐๐ฌ๐๐๐ฉ๐:
The report offers an in-depth examination of the competitive landscape. It includes a thorough competitive analysis encompassing market structure, key player positioning, leading strategies for success, a competitive dashboard, and a company evaluation quadrant. Some of the key players in the market include:
โข Saudi Building Systems Mfg. Co.
โข Red Sea Housing Services
โข Kirby Building Systems
โข Zamil Steel Pre-Engineered Buildings Co. Ltd.
๐๐ฌ๐ค ๐๐ง ๐๐ง๐๐ฅ๐ฒ๐ฌ๐ญ: https://www.imarcgroup.com/request?type=report&id=890&flag=C
๐๐๐ฒ ๐ก๐ข๐ ๐ก๐ฅ๐ข๐ ๐ก๐ญ๐ฌ ๐จ๐ ๐ญ๐ก๐ ๐๐๐ฉ๐จ๐ซ๐ญ:
โข ๐๐๐ซ๐ค๐๐ญ ๐๐๐ซ๐๐จ๐ซ๐ฆ๐๐ง๐๐ (๐๐๐๐-๐๐๐๐)
โข ๐๐๐ซ๐ค๐๐ญ ๐๐ฎ๐ญ๐ฅ๐จ๐จ๐ค (๐๐๐๐-๐๐๐๐)
โข COVID-19 Impact on the Market
โข Porter's Five Forces Analysis
โข Strategic Recommendations
โข Historical, Current and Future Market Trends
โข Market Drivers and Success Factors
โข SWOT Analysis
โข Structure of the Market
โข Value Chain Analysis
โข Comprehensive Mapping of the Competitive Landscape
๐๐จ๐ญ๐: ๐๐ ๐ฒ๐จ๐ฎ ๐ง๐๐๐ ๐ฌ๐ฉ๐๐๐ข๐๐ข๐ ๐ข๐ง๐๐จ๐ซ๐ฆ๐๐ญ๐ข๐จ๐ง ๐ญ๐ก๐๐ญ ๐ข๐ฌ ๐ง๐จ๐ญ ๐๐ฎ๐ซ๐ซ๐๐ง๐ญ๐ฅ๐ฒ ๐ฐ๐ข๐ญ๐ก๐ข๐ง ๐ญ๐ก๐ ๐ฌ๐๐จ๐ฉ๐ ๐จ๐ ๐ญ๐ก๐ ๐ซ๐๐ฉ๐จ๐ซ๐ญ, ๐ฐ๐ ๐๐๐ง ๐ฉ๐ซ๐จ๐ฏ๐ข๐๐ ๐ข๐ญ ๐ญ๐จ ๐ฒ๐จ๐ฎ ๐๐ฌ ๐ ๐ฉ๐๐ซ๐ญ ๐จ๐ ๐ญ๐ก๐ ๐๐ฎ๐ฌ๐ญ๐จ๐ฆ๐ข๐ณ๐๐ญ๐ข๐จ๐ง.
๐๐ซ๐จ๐ฐ๐ฌ๐ ๐๐จ๐ซ๐ ๐๐๐ซ๐ค๐๐ญ ๐๐๐ญ๐๐ฌ๐ญ ๐๐๐ฌ๐๐๐ซ๐๐ก ๐๐๐ฉ๐จ๐ซ๐ญ๐ฌ:
โข ๐๐ข๐๐๐ฅ๐ ๐๐๐ฌ๐ญ ๐๐๐๐ฎ๐ซ๐ข๐ญ๐ฒ ๐๐๐ซ๐ค๐๐ญ: https://www.imarcgroup.com/middle-east-security-market
โข ๐๐๐ฎ๐๐ข ๐๐ซ๐๐๐ข๐ ๐๐จ๐ฌ๐ฆ๐๐ญ๐ข๐๐ฌ ๐๐๐ซ๐ค๐๐ญ: https://www.imarcgroup.com/saudi-arabia-cosmetics-market
โข ๐๐๐ฎ๐๐ข ๐๐ซ๐๐๐ข๐ ๐๐จ๐ฆ๐ ๐ ๐ฎ๐ซ๐ง๐ข๐ญ๐ฎ๐ซ๐ ๐๐๐ซ๐ค๐๐ญ: https://www.imarcgroup.com/saudi-arabia-home-furniture-market
๐๐จ๐ง๐ญ๐๐๐ญ ๐๐ฌ:
๐๐๐๐๐ ๐๐ซ๐จ๐ฎ๐ฉ
134 N 4th St. Brooklyn, NY 11249, USA
Email: sales@imarcgroup.com
Tel No:(D) +91 120 433 0800
United States: +1-631-791-1145
๐๐๐จ๐ฎ๐ญ ๐๐ฌ:
IMARC Group is a global management consulting firm that helps the world's most ambitious changemakers to create a lasting impact. The company provide a comprehensive suite of market entry and expansion services.
IMARC offerings include thorough market assessment, feasibility studies, company incorporation assistance, factory setup support, regulatory approvals and licensing navigation, branding, marketing and sales strategies, competitive landscape and benchmarking analyses, pricing and cost research, and procurement research.
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