
GCC Prefabricated Buildings Market, By Material (Steel, Concrete & Cement, Wood); By Systems (Cellular System, Panel System, Skeleton System, Combined System); By End User (Residential, Commercial, Industrial); By Region (Bahrain, Kuwait, Oman, Qatar, Sau
Description
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GCC Prefabricated Buildings Market Size Set to Expand at 7.9% During 2023–2029, Touching USD 8.01 Billion by 2029
GCC prefabricated buildings market is flourishing due to rapid urbanization, a growing need for affordable housing, government initiatives promoting sustainable construction, cost-efficiency, reduced construction time, and advancements in prefab technology.
BlueWeave Consulting, a leading strategic consulting and market research firm, in its recent study, estimated the GCC prefabricated buildings market size at USD 4.69 billion in 2022. During the forecast period between 2023 and 2029, BlueWeave expects the GCC prefabricated buildings market size to grow at a significant CAGR of 7.94% reaching a value of USD 8.01 billion by 2029. The prefabricated buildings market is driven by several key factors, including cost-efficiency, reduced construction time, sustainability, and flexibility in design. Prefabricated structures often offer cost savings due to streamlined production processes and reduced material wastage. Their quicker construction times make them appealing to various industries, such as commercial and residential real estate, where time is a critical factor. Also, the growing emphasis on sustainable construction practices and eco-friendly materials has boosted the demand for prefabricated buildings. Their modular nature allows for versatile design options, further fueling their popularity in the construction industry.
Prefabricated Buildings - Overview
Prefabricated buildings, often referred to as prefab or modular construction, involve the assembly of structural components in a factory before transportation to a construction site for final assembly. These structures can range from residential homes and commercial buildings to temporary shelters and industrial facilities. Prefabrication offers several advantages, including reduced construction time, cost savings, and improved quality control. It allows for greater customization and sustainability, as well as flexibility in design and function. Prefabricated buildings are a popular choice for various construction projects, offering efficiency and innovation in the construction industry.
Impact of COVID-19 on GCC Prefabricated Buildings Market
The GCC prefabricated buildings market witnessed a mixed impact due to COVID-19 pandemic and resultant stringent lockdown measures to contain it. The pandemic caused disruptions to the global supply chain, making it difficult and expensive to obtain materials and components for prefabricated buildings. Additionally, the pandemic led to labor shortages, as many workers were unable to work due to illness or quarantine requirements. As a result, the construction of prefabricated buildings was delayed or cancelled in many cases. On the other hand, the COVID-19 pandemic also led to an increased demand for prefabricated buildings in certain sectors, such as healthcare and education. This was due to the need for rapid construction of new facilities to accommodate the surge in COVID-19 patients and students across the GCC countries. The pandemic also accelerated the adoption of digital technologies in the construction industry, which is expected to benefit the GCC prefabricated buildings market in the long term.
GCC Prefabricated Buildings Market – By End User
Based on end user, GCC prefabricated buildings market is divided into Residential, Commercial, and Industrial segments. The residential sector segment is the largest in the market, which includes prefabricated homes, housing developments, and other residential construction projects. With a growing population and urbanization in the Gulf Cooperation Council (GCC) region, there is a substantial demand for affordable and efficient housing solutions, making the Residential segment a prominent and rapidly expanding part of the prefabricated buildings market. Commercial and Industrial segments also play essential roles, but the Residential sector stands out as the most substantial in terms of market share and growth potential.
Competitive Landscape
GCC prefabricated buildings market is fiercely competitive. Major companies in the market include Cemex, Extra Co Group of Companies, Albaddad International, Speed House Group of Companies, Exeed Precast, RDB EL Seif Company Ltd, Memaar Building Systems (MBS), Specialist Services Group, Al Khodari Sons Company, and Red Sea International. These companies use various strategies, including increasing investments in their R&D activities, mergers, and acquisitions, joint ventures, collaborations, licensing agreements, and new product and service releases to further strengthen their position in the GCC prefabricated buildings market.
The in-depth analysis of the report provides information about growth potential, upcoming trends, and statistics of GCC Prefabricated Buildings Market. It also highlights the factors driving forecasts of total Market size. The report promises to provide recent technology trends in GCC Prefabricated Buildings Market and industry insights to help decision-makers make sound strategic decisions. Further, the report also analyzes the growth drivers, challenges, and competitive dynamics of the market.
Table of Contents
200 Pages
- 1. Research Framework
- 1.1. Research Objective
- 1.2. Material Overview
- 1.3. Market Segmentation
- 2. Executive Summary
- 3. GCC Prefabricated Buildings Market Insights
- 3.1. Industry Value Chain Analysis
- 3.2. DROC Analysis
- 3.2.1. Growth Drivers
- 3.2.1.1. Rapid urbanization and population growth in the GCC region
- 3.2.1.2. Growing infrastructure investments
- 3.2.2. Restraints
- 3.2.2.1. High dependency on oil price
- 3.2.2.2. Shortage of skilled labor with expertise in prefabricated construction techniques
- 3.2.3. Opportunities
- 3.2.3.1. Supportive government initiatives
- 3.2.3.2. Expansion of residential and commercial sectors
- 3.2.4. Challenges
- 3.2.4.1. Lack of awareness regarding the benefits of prefabricated construction compared to traditional methods
- 3.3. Technological Advancements/Recent Developments
- 3.4. Regulatory Framework
- 3.5. Porter’s Five Forces Analysis
- 3.5.1. Bargaining Power of Suppliers
- 3.5.2. Bargaining Power of Buyers
- 3.5.3. Threat of New Entrants
- 3.5.4. Threat of Substitutes
- 3.5.5. Intensity of Rivalry
- 4. GCC Prefabricated Buildings Market Overview
- 4.1. Market Size & Forecast, 2019–2029
- 4.1.1. By Value (USD Billion)
- 4.2. Market Share and Forecast
- 4.2.1. By Material
- 4.2.1.1. Steel
- 4.2.1.2. Concrete & Cement
- 4.2.1.3. Wood
- 4.2.1.4. Others
- 4.2.2. By Systems
- 4.2.2.1. Cellular System
- 4.2.2.2. Panel System
- 4.2.2.3. Skeleton System
- 4.2.2.4. Combined System
- 4.2.2.5. Others
- 4.2.3. By End User
- 4.2.3.1. Residential
- 4.2.3.2. Commercial
- 4.2.3.3. Industrial
- 4.2.4. By Region
- 4.2.4.1. Bahrain
- 4.2.4.2. Kuwait
- 4.2.4.3. Oman
- 4.2.4.4. Qatar
- 4.2.4.5. Saudi Arabia
- 4.2.4.6. United Arab Emirates
- 5. Bahrain Prefabricated Buildings Market
- 5.1. Market Size & Forecast, 2019–2029
- 5.1.1. By Value (USD Billion)
- 5.2. Market Share & Forecast
- 5.2.1. By Material
- 5.2.2. By Systems
- 5.2.3. By Axel Type
- 6. Kuwait Prefabricated Buildings Market
- 6.1. Market Size & Forecast, 2019–2029
- 6.1.1. By Value (USD Billion)
- 6.2. Market Share & Forecast
- 6.2.1. By Material
- 6.2.2. By Systems
- 6.2.3. By Axel Type
- 7. Oman Prefabricated Buildings Market
- 7.1. Market Size & Forecast, 2019–2029
- 7.1.1. By Value (USD Billion)
- 7.2. Market Share & Forecast
- 7.2.1. By Material
- 7.2.2. By Systems
- 7.2.3. By Axel Type
- 8. Qatar Prefabricated Buildings Market
- 8.1. Market Size & Forecast, 2019–2029
- 8.1.1. By Value (USD Billion)
- 8.2. Market Share & Forecast
- 8.2.1. By Material
- 8.2.2. By Systems
- 8.2.3. By Axel Type
- 9. Saudi Arabia Prefabricated Buildings Market
- 9.1. Market Size & Forecast, 2019–2029
- 9.1.1. By Value (USD Billion)
- 9.2. Market Share & Forecast
- 9.2.1. By Material
- 9.2.2. By Systems
- 9.2.3. By Axel Type
- 10. United Arab Emirates Prefabricated Buildings Market
- 10.1. Market Size & Forecast, 2019–2029
- 10.1.1. By Value (USD Billion)
- 10.2. Market Share & Forecast
- 10.2.1. By Material
- 10.2.2. By Systems
- 10.2.3. By Axel Type
- 11. Competitive Landscape
- 11.1. List of Key Players and Their Offerings
- 11.2. GCC Prefabricated Buildings Market Share Analysis, 2022
- 11.3. Competitive Benchmarking, By Operating Parameters
- 11.4. Key Strategic Developments (Mergers, Acquisitions, Partnerships, etc.)
- 12. Impact of COVID-19 on GCC Prefabricated Buildings Market
- 13. Company Profile (Company Overview, Financial Matrix, Competitive Landscape, Key Personnel, Key Competitors, Contact Address, Strategic Outlook, SWOT Analysis)
- 13.1. Cemex
- 13.2. Extra Co Group of Companies
- 13.3. Albaddad International
- 13.4. Speed House Group of Companies
- 13.5. Exeed Precast
- 13.6. RDB EL Seif Company Ltd
- 13.7. Memaar Building Systems (MBS)
- 13.8. Specialist Services Group
- 13.9. Al Khodari Sons Company
- 13.10. Red Sea International
- 13.11. Other Prominent Players
- 14. Key Strategic Recommendations
- 15. Research Methodology
- 15.1. Qualitative Research
- 15.1.1. Primary & Secondary Research
- 15.2. Quantitative Research
- 15.3. Market Breakdown & Data Triangulation
- 15.3.1. Secondary Research
- 15.3.2. Primary Research
- 15.4. Breakdown of Primary Research Respondents, By Region
- 15.5. Assumptions & Limitations
- *Financial information of non-listed companies can be provided as per availability.
- **The segmentation and the companies are subject to modifications based on in-depth secondary research for the final deliverable
- List of Figures
- Figure 1 GCC Prefabricated Buildings Market Segmentation
- Figure 2 GCC Prefabricated Buildings Market Value Chain Analysis
- Figure 3 Company Market Share Analysis, 2022
- Figure 4 GCC Prefabricated Buildings Market Size, By Value (USD Billion), 2019–2029
- Figure 5 GCC Prefabricated Buildings Market Share, By Material, By Value, 2019–2029
- Figure 6 GCC Prefabricated Buildings Market Share, By Systems, By Value, 2019–2029
- Figure 7 GCC Prefabricated Buildings Market Share, By Axel Type, By Value, 2019–2029
- Figure 8 GCC Prefabricated Buildings Market Share, By Country, By Value, 2019–2029
- Figure 9 Bahrain Prefabricated Buildings Market Size, By Value (USD Billion), 2019−2029
- Figure 10 Bahrain Prefabricated Buildings Market Share, By Material, By Value, 2019−2029
- Figure 11 Bahrain Prefabricated Buildings Market Share, By Systems, By Value, 2019−2029
- Figure 12 Bahrain Prefabricated Buildings Market Share, By Axel Type, By Value, 2019−2029
- Figure 13 Kuwait Prefabricated Buildings Market Size, By Value (USD Billion), 2019−2029
- Figure 14 Kuwait Prefabricated Buildings Market Share, By Material, By Value, 2019−2029
- Figure 15 Kuwait Prefabricated Buildings Market Share, By Systems, By Value, 2019−2029
- Figure 16 Kuwait Prefabricated Buildings Market Share, By Axel Type, By Value, 2019−2029
- Figure 17 Oman Prefabricated Buildings Market Size, By Value (USD Billion), 2019−2029
- Figure 18 Oman Prefabricated Buildings Market Share, By Material, By Value, 2019−2029
- Figure 19 Oman Prefabricated Buildings Market Share, By Systems, By Value, 2019−2029
- Figure 20 Oman Prefabricated Buildings Market Share, By Axel Type, By Value, 2019−2029
- Figure 21 Qatar Prefabricated Buildings Market Size, By Value (USD Billion), 2019−2029
- Figure 22 Qatar Prefabricated Buildings Market Share, By Material, By Value, 2019−2029
- Figure 23 Qatar Prefabricated Buildings Market Share, By Systems, By Value, 2019−2029
- Figure 24 Qatar Prefabricated Buildings Market Share, By Axel Type, By Value, 2019−2029
- Figure 25 Saudi Arabia Prefabricated Buildings Market Size, By Value (USD Billion), 2019−2029
- Figure 26 Saudi Arabia Prefabricated Buildings Market Share, By Material, By Value, 2019−2029
- Figure 27 Saudi Arabia Prefabricated Buildings Market Share, By Systems, By Value, 2019−2029
- Figure 28 Saudi Arabia Prefabricated Buildings Market Share, By Axel, By Value, 2019−2029
- Figure 29 United Arab Emirates Prefabricated Buildings Market Size, By Value (USD Billion), 2019−2029
- Figure 30 United Arab Emirates Prefabricated Buildings Market Share, By Material, By Value, 2019−2029
- Figure 31 United Arab Emirates Prefabricated Buildings Market Share, By Systems, By Value, 2019−2029
- Figure 32 United Arab Emirates Prefabricated Buildings Market Share, By Axel, By Value, 2019−2029
- List of Tables
- Table 1 GCC Prefabricated Buildings Market Size, By Material, By Value, 2019−2029
- Table 2 GCC Prefabricated Buildings Market Size, By Systems, By Value, 2019−2029
- Table 3 GCC Prefabricated Buildings Market Size, By Axel type, By Value, 2019−2029
- Table 4 GCC Prefabricated Buildings Market Size, By Country, By Value, 2019−2029
- Table 5 Bahrain Prefabricated Buildings Market Size, By Material, By Value, 2019−2029
- Table 6 Bahrain Prefabricated Buildings Market Size, By Systems, By Value, 2019−2029
- Table 7 Bahrain Prefabricated Buildings Market Size, By Axel Type, By Value, 2019−2029
- Table 8 Kuwait Prefabricated Buildings Market Size, By Material, By Value, 2019−2029
- Table 9 Kuwait Prefabricated Buildings Market Size, By Systems, By Value, 2019−2029
- Table 10 Kuwait Prefabricated Buildings Market Size, By Axel type, By Value, 2019−2029
- Table 11 Oman Prefabricated Buildings Market Size, By Material, By Value, 2019−2029
- Table 12 Oman Prefabricated Buildings Market Size, By Systems, By Value, 2019−2029
- Table 13 Oman Prefabricated Buildings Market Size, By Axel Type, By Value, 2019−2029
- Table 14 Qatar Prefabricated Buildings Market Size, By Material, By Value, 2019−2029
- Table 15 Qatar Prefabricated Buildings Market Size, By Systems, By Value, 2019−2029
- Table 16 Saudi Arabia Prefabricated Buildings Market Size, By Material, By Value, 2019−2029
- Table 17 Saudi Arabia Prefabricated Buildings Market Size, By Systems, By Value, 2019−2029
- Table 18 Saudi Arabia Prefabricated Buildings Market Size, By Axel Type, By Value, 2019−2029
- Table 19 United Arab Emirates Prefabricated Buildings Market Size, By Value (USD Billion), 2019−2029
- Table 20 United Arab Emirates Prefabricated Buildings Market Share, By Material, By Value, 2019−2029
- Table 21 United Arab Emirates Prefabricated Buildings Market Share, By Systems, By Value, 2019−2029
- Table 22 United Arab Emirates Prefabricated Buildings Market Share, By Axel Type, By Value, 2019−2029
- Table 23 Cemex Company Overview
- Table 24 Cemex Financial Overview
- Table 25 Extra Co Group of Companies Company Overview
- Table 26 Extra Co Group of Companies Financial Overview
- Table 27 Albaddad International Company Overview
- Table 28 Albaddad International Financial Overview
- Table 29 Speed House Group of Companies Company Overview
- Table 30 Speed House Group of Companies Financial Overview
- Table 31 Exeed Precast Company Overview
- Table 32 Exeed Precast Financial Overview
- Table 33 RDB EL Seif Company Ltd Company Overview
- Table 34 RDB EL Seif Company Ltd Financial Overview
- Table 35 Memaar Building Systems (MBS) Company Overview
- Table 36 Memaar Building Systems (MBS) Financial Overview
- Table 37 Specialist Services Group Company Overview
- Table 38 Specialist Services Group Financial Overview
- Table 39 Al Khodari Sons Company: Company Overview
- Table 40 Al Khodari Sons Company Financial Overview
- Table 41 Red Sea International Company Overview
- Table 42 Red Sea International Financial Overview
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