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The UAE prefabricated building and structural steel market reached a value of US$ 1,055 Million in 2020. Looking forward, IMARC Group expects the market to grow at a CAGR of around 7% during 2021-2026. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use sectors. These insights are included in the report as a major market contributor.
Prefabricated buildings are made by assembling components, such as roofs, walls, and staircases, at off-sites by builders in specialized facilities. These structures are then installed at the site depending on the preference of an individual. Prefabricated buildings are supported by structural steel frames, which comprises angles, columns, and beams. They act as an ideal building solution in locations with unsuitable environmental conditions for onsite construction. Besides this, they are environment-friendly, require minimal maintenance, and provide better weather resistance, ease of expansion and efficient material utilization. As a result, they find extensive utilization in the construction of traditional structures in the residential and commercial sectors of the UAE.
The growing adoption of advanced construction methods to reduce the time and the rising number of unskilled laborers represents one of the key factors positively influencing the sales of prefabricated building components and structural steel in the UAE. In addition, the usage of these solutions helps in decreasing construction debris and pollutants and minimizing human errors and the overall cost of the project. As prefabricated building components are manufactured using advanced technologies with controlled quality specifications, they assist in extending the average lifespan of buildings. These benefits, along with the increasing preferences of contractors for off-site construction, are strengthening the growth of the market in the country. Apart from this, the UAE Government started numerous development programs, which is a long-term plan for the economic development of the emirate. This program is anticipated to escalate the demand for prefabricated building and structural steel in the construction of resilient infrastructure across the country.
IMARC Group provides an analysis of the key trends in each sub-segment of the UAE prefabricated building and structural steel market, along with forecasts at the regional and country level from 2021-2026. Our report has categorized the market based on component and end use sector.
Breakup by Component:
Breakup by End Use Sector:
The residential sector currently accounts for the majority of the total market share on account of the increasing housing projects.
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.
|Base Year of the Analysis||2020|
|Units||US$ Billion, ‘000 Units, Million Tons|
|Segment Coverage||Component, End-Use Sector|
|Customization Scope||10% Free Customization|
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|Post-Sale Analyst Support||10-12 Weeks|
|Delivery Format||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:
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