Saudi Arabia Pre-Engineered Building Market is Expected to Register a 8.10% CAGR Through 2029
Economic growth & infrastructure development and industrial
expansion & demand for functional spaces are the likely to propel the market
during the forecast period.
According to
TechSci Research report, “Saudi Arabia Pre-Engineered Building Market
– By Region, Competition, Forecast and Opportunities, 2019-2029F”, Saudi Arabia Pre-Engineered Building Market was
valued at USD 614 Million in 2023 and is anticipated to project robust growth
in the forecast period with a CAGR of 8.10% through 2029.
Saudi
Arabia's ambitious economic diversification initiatives, such as Vision 2030,
are driving significant growth in the PEB market. The Kingdom aims to reduce
its reliance on oil revenues by expanding non-oil sectors, including
construction and infrastructure development. PEBs are preferred for their
cost-effectiveness, speed of construction, and flexibility, making them ideal
for meeting the growing demand for commercial complexes, industrial facilities,
educational institutions, and healthcare centers.
Infrastructure
projects under Vision 2030, such as transport networks, smart cities, and
tourism developments, require rapid deployment of scalable and efficient
building solutions. PEBs offer advantages in terms of scalability,
customization, and sustainability, aligning with the government's objectives of
enhancing urban infrastructure, promoting economic diversification, and
creating employment opportunities in the construction sector. Moreover, PEBs
contribute to sustainable development goals by minimizing construction waste,
optimizing material usage, and integrating energy-efficient building systems.
As Saudi Arabia continues to invest in infrastructure upgrades and urbanization
projects, the demand for PEBs is expected to grow, driven by their ability to
accelerate project timelines, reduce construction costs, and support
sustainable urban development strategies.
Technological
advancements play a crucial role in driving innovation within Saudi Arabia's
PEB market. The adoption of advanced manufacturing techniques, digital design
tools, and Building Information Modeling (BIM) has revolutionized the way PEBs
are designed, fabricated, and assembled. These technologies enable architects
and engineers to create complex and customized building designs with precision
and efficiency.
PEB
manufacturers leverage automation, robotics, and prefabrication processes to streamline
production workflows and improve manufacturing productivity. Off-site
fabrication of PEB components reduces construction time and onsite labor
requirements, while ensuring consistency and quality control throughout the
building process. This efficiency is particularly advantageous in fast-track
projects requiring rapid deployment and operational readiness. Furthermore,
advancements in material science and engineering have led to the development of
lightweight yet durable building materials that enhance structural performance
and energy efficiency. PEBs can be designed to incorporate sustainable building
practices, such as passive solar design, rainwater harvesting, and renewable
energy integration, aligning with global standards for green building
certification.
By
embracing technological advancements and innovation in construction practices,
Saudi Arabia's PEB market is poised for continued growth and competitiveness in
the global construction industry. These advancements not only improve project
delivery timelines and cost-effectiveness but also enhance the resilience,
sustainability, and quality of built environments across the Kingdom.
Browse over XX Market
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Based
on Structure Insights, The Single-story held the largest market share in
2023. Single-story PEBs are highly
favored for their simplicity and efficiency in construction. These buildings
are quicker to erect compared to multi-story structures, as they involve fewer
components and simpler assembly processes. This rapid construction timeline is
particularly advantageous in Saudi Arabia's fast-paced development environment,
where there is often a need for swift deployment of facilities to support
growing industries, commercial ventures, and infrastructure projects.
Single-story
PEBs offer flexibility in design and layout, catering to diverse functional
requirements across different sectors. They are commonly used for industrial
warehouses, manufacturing facilities, logistics centers, and retail outlets,
where spacious, open-plan layouts are essential for operational efficiency and
storage capacity. The clear-span capabilities of single-story PEBs allow for
uninterrupted floor space, accommodating heavy machinery, large equipment, and
high-density storage configurations without the structural constraints posed by
multiple floors.
Single-story
PEBs are cost-effective in terms of both initial construction expenses and
long-term operational savings. The simplicity of their structural design and
assembly processes reduces labor costs and construction time, contributing to
overall project affordability. Additionally, single-story buildings typically
require less energy for heating, cooling, and ventilation compared to taller
structures, leading to lower operational expenses and enhanced energy
efficiency over the building's lifecycle.
Single-story
PEBs align well with Saudi Arabia's urban planning and zoning regulations,
which often prioritize horizontal development and efficient land use. These
buildings can be easily integrated into existing industrial estates, commercial
zones, and residential areas without imposing height restrictions or density
concerns. This adaptability to local regulatory frameworks enhances the
feasibility and attractiveness of single-story PEBs for developers, investors,
and end-users seeking practical, scalable building solutions in the Kingdom.
Major companies
operating in the Saudi Arabia Pre-Engineered Building Market are:
- Nucor Building Group
- BlueScope Steel
North America Corporation
- Zamil Steel
Holding Co. Ltd
- Lindab
International AB
- Everest
Industries Limited
- Pennar
Industries Limited
- ATCO Ltd
- Nucor Buildings
Group
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“The market
opportunity in the Saudi Arabia Pre-Engineered Building (PEB) market is
significant and poised for growth. Driven by the Kingdom's Vision 2030
initiatives, there is a robust demand for rapid, cost-effective construction
solutions across industrial, commercial, and residential sectors. PEBs offer
advantages in terms of accelerated project timelines, reduced construction
costs, and sustainable building practices, aligning with Saudi Arabia's goals
of economic diversification and urban development. With increasing adoption of
advanced technologies and sustainable construction practices, the PEB market
presents opportunities for innovation, efficiency gains, and strategic partnerships
to meet the evolving demands of the construction industry in the region.” said
Mr. Karan Chechi, Research Director of TechSci Research, a research-based
management consulting firm.
“Saudi Arabia
Pre-Engineered Building Market By Material (Concrete, Steel, Aluminum, Civil,
Others) By Product Type (Walls, Columns & Beams, Roof & Floors, Others)
By Structure (Single-Story, Multi-Story) By Application (Industrial,
Commercial, Residential), By Region, Competition,
Forecast & Opportunities, 2019-2029F”, has evaluated the future growth potential of Saudi
Arabia Pre-Engineered Building Market and provides statistics & information
on Market size, structure and future Market growth. The report intends to
provide cutting-edge Market intelligence and help decision-makers make sound
investment decisions., The report also identifies and analyzes the emerging
trends along with essential drivers, challenges, and opportunities in the Saudi
Arabia Pre-Engineered Building Market.
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