The Saudi Arabia prefabricated building and structural steel market size reached US$ 1,683 Million in 2022. Looking forward, IMARC Group expects the market to reach US$ 2,191 Million by 2028, exhibiting a growth rate (CAGR) of 4.4% during 2023-2028.
Prefabricated buildings are structures that are manufactured off-site, and then transferred and assembled on the construction site. On the other hand, structural steel represents the basic framework wherein prefabricated parts are installed. As compared to conventionally constructed buildings, these structures offer numerous advantages, which include durability, design flexibility, ease of expansion, weather resistance, efficient material utilization, minimal maintenance and eco-friendly nature. These advantages, in confluence with rapid urbanization and escalating population, are increasing the usage of these structures in the construction of offices, housing complexes, camp facilities and warehouses in Saudi Arabia.
The economy of Saudi Arabia has primarily relied on the oil and gas industry for generating wealth. However, the Government started diversifying the economy after the fall of oil prices in 2014. As a result, it is investing in alternative sources of income by introducing infrastructural projects, such as Vision 2030, and the development of NEOM City, Jeddah Waterfront and Entertainment City. Furthermore, on account of the growing population and the increasing influx of expatriates, there is a rise in the shortage of affordable housing in Saudi Arabia. This, in confluence with the advantages offered by prefabricated building and structural steel such as affordable price point and time efficiency, has escalated the demand for prefabricated buildings in the country. Apart from this, owing to the rising environmental concerns, there is an increase in the adoption of prefabricated buildings as they do not generate any on-site waste.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each segment of the Saudi Arabia prefabricated building and structural steel market report, along with forecasts at the regional and country levels from 2023-2028. Our report has categorized the market based on component and end use.
Breakup by Component:
Floors and Roof
Panels and Lintels
At present, floors and roofs, and H-type beams account for the majority of the total market share in the Saudi Arabia prefabricated building and structural steel markets, respectively.
Breakup by End Use:
The residential sector exhibits a clear dominance in the market, on account of rapid urbanization and the increasing number of expatriates in the country.
The competitive landscape of the market has been analyzed in the report, along with the detailed profiles of the major players operating in the industry. Some of these players are:
Saudi Building Systems Mfg. Co.
Red Sea Housing Services
Kirby Building Systems
Zamil Steel Pre-Engineered Buildings Co. Ltd.
Base Year of the Analysis
US$ Million, ‘000 Units, Million Tons
Component, End Use
Saudi Building Systems Mfg. Co., Red Sea Housing Services, Kirby Building Systems and Zamil Steel Pre-Engineered Buildings Co. Ltd.
10% Free Customization
Report Price and Purchase Option
Single User License: US$ 2699
Five User License: US$ 3699
Corporate License: US$ 4699
Post-Sale Analyst Support
PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)
Key Questions Answered in This Report
The Saudi Arabia prefabricated building and structural steel market was valued at US$ 1,683 Million in 2022.
We expect the Saudi Arabia prefabricated building and structural steel market to exhibit a CAGR of 4.4% during 2023-2028.
The rising consumer awareness towards numerous benefits of using prefabricated material and structural steel, such as enhanced flexibility, improved durability, high energy efficiency, etc., is primarily driving the Saudi Arabia prefabricated building and structural steel market.
The sudden outbreak of the COVID-19 pandemic had led to the implementation of stringent lockdown regulations across the nation, resulting in the temporary halt in numerous construction activities, thereby negatively impacting the Saudi Arabia market for prefabricated building and structural steel.
Based on the component, the Saudi Arabia prefabricated building market can be bifurcated into floors and roof, walls, staircase, panels and lintels, and others. Currently, floors and roof holds the majority of the total market share.
Based on the component, the Saudi Arabia structural steel market has been segmented into H-type beam, I-type beam, columns, angles, and others. Among these, H-type beam currently exhibits a clear dominance in the market.
Based on the end use, the Saudi Arabia prefabricated building and structural steel market can be divided into residential, institutional, commercial, and industrial. Currently, residential accounts for the largest market share.
Some of the major players in the Saudi Arabia prefabricated building and structural steel market include Saudi Building Systems Mfg. Co., Red Sea Housing Services, Kirby Building Systems, Zamil Steel Pre-Engineered Buildings Co. Ltd., etc.
Need more help?
Speak to our experienced analysts for insights on the current market scenarios.
Include additional segments and countries to customize the report as per your requirement.
Gain an unparalleled competitive advantage in your domain by understanding how to utilize the report and positively impacting your operations and revenue.
For further assistance, please connect with our analysts.
Gain a deeper dive into a specific application, geography, customer, or competitor
Any level of personalization
Get in Touch With Us
IMARC made the whole process easy. Everyone I spoke with via email was polite, easy to deal with, kept their promises regarding delivery timelines and were solutions focused. From my first contact, I was grateful for the professionalism shown by the whole IMARC team. I recommend IMARC to all that need timely, affordable information and advice. My experience with IMARC was excellent and I can not fault it.
The IMARC team was very reactive and flexible with regard to our requests. A very good overall experience. We are happy with the work that IMARC has provided, very complete and detailed. It has contributed to our business needs and provided the market visibility that we required
We were very happy with the collaboration between IMARC and Colruyt. Not only were your prices competitive, IMARC was also pretty fast in understanding the scope and our needs for this project. Even though it was not an easy task, performing a market research during the COVID-19 pandemic, you were able to get us the necessary information we needed. The IMARC team was very easy to work with and they showed us that it would go the extra mile if we needed anything extra
The figures of market study were very close to our assumed figures. The presentation of the study was neat and easy to analyse. The requested details of the study were fulfilled. My overall experience with the IMARC Team was satisfactory.
I agree the report was timely delivered, meeting the key objectives of the engagement. We had some discussion on the contents, adjustments were made fast and accurate. The response time was minimum in each case. Very good. You have a satisfied customer.
We would be happy to reach out to IMARC for more market reports in the future. The response from the account sales manager was very good. I appreciate the timely follow ups and post purchase support from the team. My overall experience with IMARC was good.