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Steel Building Market in the Middle East and Africa (MEA) 2019-2023

Steel Building Market in the Middle East and Africa (MEA) 2019-2023

About this market

The growth of industrial manufacturing in MEA is one of the primary factors driving the steel building market growth in the region. The industrial sector is witnessing the highest adoption rate of steel building in the MEA market. Additionally, the industrial buildings are being constructed on the pre-defined timelines and with a limited budget. Therefore, the industrial builders are coming up with the solution of constructing steel buildings instead of constructing concrete buildings. The construction of steel buildings is not only cost-effective but also takes lesser time than the construction of concrete buildings. Consequently, the growth of the industrial sector will drive the steel building market growth in the Middle East and Africa. Technavio’s analysts have predicted that the steel building market will register a CAGR of over 6% by 2023.

Market Overview

Rapid investment in services and tourism sectors

One of the growth drivers of the steel building market in MEA is the rapid investment in services and tourism sectors. The growth of the manufacturing industry in Saudi Arabia and the UAE is increasing, which is expected to increase the demand for steel structures in industrial and commercial sectors during the forecast period.

Low awareness and limited design flexibility in the residential sector

One of the challenges in the growth of the steel building market in MEA is the low awareness and limited design flexibility in the residential sector. The high importance given to aesthetics during the construction of residential buildings will hinder the market growth during the forecast period.

For the detailed list of factors that will drive and challenge the growth of the steel building market during 2019-2023, view our report.

Competitive Landscape

The market appears to be moderately fragmented and with the presence of several vendors. The revenue in Saudi Arabia is increasing due to the introduction of value-added taxes and levying direct taxes and fees on incomes for its large expatriate population. Such factors attract new vendors toward this market. This market research report will help clients identify new growth opportunities and design unique growth strategies by providing a comprehensive analysis of the market’s

competitive landscape and offering information on the products offered by companies.


PRESS RELEASE

Technavio Announces the Publication of its Research Report – Steel building Market in the Middle East and Africa (MEA) 2019-2023

Technavio recognizes the following companies as the key players in the steel building market in MEA: Al Shahin Metal Industries, Astra Industries, Saudi Arabia, Kirby Building Systems, Mabani Steel, Salam International Investment Ltd., and Zamil Industrial.

Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is the green buildings in PEB.”

According to the report, one of the major drivers for this market is the off-the-shelf availability of buildings of standard sizes.

Further, the report states that one of the major factors hindering the growth of this market is the fluctuating crude oil and commodity prices.

Companies Mentioned

Al Shahin Metal Industries
Astra Industries, Saudi Arabia
Kirby Building Systems
Mabani Steel
Salam International Investment Ltd.
Zamil Industrial"

  • Executive summary
  • Scope of the report
    • Preface
    • Currency conversion rates for US$
  • Market landscape
    • Market ecosystem
      • Table Global construction market
      • Table Segments of global construction market
    • Market characteristics
      • Table Market characteristics
    • Market segmentation analysis
      • Table Market segments
  • Market sizing
    • Market definition
      • Table Market definition - Inclusions and exclusions checklist
    • Market sizing 2018
      • Table Market size 2018
    • Market size and forecast 2018-2023
      • Table Regional market: Size and forecast 2018-2023 ($ millions)
      • Table Regional market: Year-over-year growth 2019-2023 (%)
  • Five forces analysis
    • Table Five forces analysis 2018
    • Table Five forces analysis 2023
    • Bargaining power of buyers
      • Table Bargaining power of buyers
    • Bargaining power of suppliers
      • Table Bargaining power of suppliers
    • Threat of new entrants
      • Table Threat of new entrants
    • Threat of substitutes
      • Table Threat of substitutes
    • Threat of rivalry
      • Table Threat of rivalry
    • Market condition
      • Table Market condition - Five forces 2018
  • Market segmentation by product
    • Table Product - Market share 2018-2023 (%)
    • Comparison by product
      • Table Comparison by product
    • PEB - Market size and forecast 2018-2023
      • Table PEB - Market size and forecast 2018-2023 ($ millions)
      • Table PEB - Year-over-year growth 2019-2023 (%)
    • HRSS - Market size and forecast 2018-2023
      • Table HRSS - Market size and forecast 2018-2023 ($ millions)
      • Table HRSS - Year-over-year growth 2019-2023 (%)
    • Market opportunity by product
      • Table Market opportunity by product
  • Customer landscape
    • Table Customer landscape
  • Market segmentation by end-user
    • Table End-user - Market share 2018-2023 (%)
    • Comparison by end-user
      • Table Comparison by end-user
    • Industrial - Market size and forecast 2018-2023
      • Table Industrial - Market size and forecast 2018-2023 ($ millions)
      • Table Industrial - Year-over-year growth 2019-2023 (%)
    • Commercial - Market size and forecast 2018-2023
      • Table Commercial - Market size and forecast 2018-2023 ($ millions)
      • Table Commercial - Year-over-year growth 2019-2023 (%)
    • Residential - Market size and forecast 2018-2023
      • Table Residential - Market size and forecast 2018-2023 ($ millions)
      • Table Residential - Year-over-year growth 2019-2023 (%)
    • Market opportunity by end-user
      • Table Market opportunity by end-user
  • Geographic landscape
    • Geographic segmentation
      • Table Market share by geography 2018-2023 (%)
    • Geographic comparison
      • Table Geographic comparison
    • Middle East - Market size and forecast 2018-2023
      • Table Middle East - Market size and forecast 2018-2023 ($ millions)
      • Table Middle East - Year-over-year growth 2019-2023 (%)
    • Africa - Market size and forecast 2018-2023
      • Table Africa - Market size and forecast 2018-2023 ($ millions)
      • Table Africa - Year-over-year growth 2019-2023 (%)
    • Key leading countries
      • Table Key leading countries
    • Market opportunity
      • Table Market opportunity
  • Decision framework
  • Drivers and challenges
    • Market drivers
    • Market challenges
      • Table Impact of drivers and challenges
  • Market trends
    • Green buildings in PEB
    • Workshop fabrication of steel structures
    • Increasing use of ERP, CAD, and CAM
  • Vendor landscape
    • Overview
      • Table Vendor landscape
    • Landscape disruption
      • Table Landscape disruption
    • Competitive scenario
  • Vendor analysis
    • Vendors covered
      • Table Vendors covered
    • Vendor classification
      • Table Vendor classification
    • Market positioning of vendors
      • Table Market positioning of vendors
    • Al Shahin Metal Industries
      • Table Al Shahin Metal Industries - Vendor overview
      • Table Al Shahin Metal Industries - Key offerings
    • Astra Industries, Saudi Arabia
      • Table Astra Industries, Saudi Arabia - Vendor overview
      • Table Astra Industries, Saudi Arabia - Business segments
      • Table Astra Industries, Saudi Arabia - Organizational developments
      • Table Astra Industries, Saudi Arabia - Geographic focus
      • Table Astra Industries, Saudi Arabia - Segment focus
      • Table Astra Industries, Saudi Arabia - Key offerings
    • Kirby Building Systems
      • Table Kirby Building Systems - Vendor overview
      • Table Kirby Building Systems - Organizational developments
      • Table Kirby Building Systems - Key offerings
    • Mabani Steel
      • Table Mabani Steel - Vendor overview
      • Table Mabani Steel - Key offerings
    • Salam International Investment Ltd.
      • Table Salam International Investment Ltd. - Vendor overview
      • Table Salam International Investment Ltd. - Key offerings
    • Zamil Industrial
      • Table Zamil Industrial - Vendor overview
      • Table Zamil Industrial - Business segments
      • Table Zamil Industrial - Organizational developments
      • Table Zamil Industrial - Geographic focus
      • Table Zamil Industrial - Segment focus
      • Table Zamil Industrial - Key offerings
  • Appendix
    • Research methodology
      • Table Validation techniques employed for market sizing
    • List of abbreviations
  • Explore Technavio

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