Saudi Arabia pre-engineered
building market is bound to experience impressive growth with anticipated CAGR
in the forecast period, 2023-2027, on the account of surging demands for green
building and rapidly increasing number of smart cities. The need for reducing
the construction cost and time, the pre-engineered building is in demand and
thus supporting the growth of the Saudi Arabia pre-engineered building market
in the upcoming five years. The technological advancement and evolving parameters
of the infrastructure is also anticipated as the driving factor for the future
market growth. The demand for the lightweight building structure along with the
rapid industrial expansion and growth infrastructure investment in the
developing regions of the country is aiding the growth of the Saudi Arabia
pre-engineered building market in the next five years. Other factors
influencing the growth of the Saudi Arabia pre-engineered building market
includes growing industrialization, increased usage of steel in construction
and building projects are further anticipated to support the growth of the
Saudi Arabia pre-engineered building market in the forecast years until 2027.
Furthermore, some of the factors like low thermal conductivity, lack of fire
resistance along with vulnerability to corrosion may restraint the growth of
the market mildly. Technical advancements and extensive research may help in
overcoming these factors and aid the growth of the Saudi Arabia pre-engineered
building market in the future five years of forecast.
The Saudi Arabia pre-engineered
building market is segmented by material, product type, structure, application,
distribution channel, competitional landscape, and regional distribution. Based
on structure, the market is further divided between single-story, and
multi-story. Single story structures account for the maximum revenue shares of
the market and is anticipated to assert its dominance over the market o the
account of financial aids like governmental and personal investments in infrastructural,
logistics, and industrial construction. Also, single story buildings are
preferential among the population for the cheaper construction, and large lands
for the residential buildings allow them to get lavish and expensive aesthetics
for the houses and residents. The architectural flexibility is another factor
that aids the market growth in the upcoming five years. Growing non-residential
construction like hospitals, education centers, recreational infrastructure,
are actively fueling the market growth along with the segment, multi-story building.
The sub-segment is expected to register significant growth in the next five
years.
A partial list of market
player in the Saudi Arabia pre-engineered building market includes Zamil Steel
Pre-Engineered Buildings Co. Ltd., Al-Jazera Factory For Engineering
Construction Co Ltd, Batterjee for Engineering and Metal Construction, AlShahin
Metal Industries 'SHMICO', International Building Systems Factory Co., Ltd.
(IBSF), Gulf Specialized Works Co. Ltd., Alfanar Steel Co. Ltd., The Dolphin
International Steel Company, Saudi Building Systems Mfg. Co., Kirby Building
Systems among others. These market players hold larger shares of the market
than the new market players. With the evolving technology, it is appropriate to
say that the effective research and development of the technologically advanced
instruments and methods to satisfy consumer demands would support the market
growth and benefit the market players as well as the consumers. New market
players may focus on the research and development to provide such products and
services that satisfies the consumer demand as well as benefits the market
players in building their brand value. Other competitive strategies include
mergers & acquisitions and new product developments.
Objective
of the Study:
- To analyze the historical
growth of the market size of Saudi Arabia pre-engineered building market
from 2017 to 2020.
- To estimate and forecast the market size of Saudi
Arabia pre-engineered building market from 2021 to 2027 and growth rate
until 2027.
- To classify and forecast Saudi Arabia pre-engineered building market
based on material, product type, structure, application, distribution
channel, competitional landscape, and regional distribution.
- To identify dominant region or segment in the Saudi
Arabia pre-engineered building market.
- To identify drivers and challenges for Saudi
Arabia pre-engineered building market.
- To examine competitive developments such as
expansions, new product launches, mergers & acquisitions, etc., in Saudi
Arabia pre-engineered building market.
- To identify and analyze
the profile of leading players operating in Saudi Arabia pre-engineered building market.
- To identify key sustainable strategies adopted
by market players in Saudi Arabia pre-engineered building market.
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TechSci Research performed both primary
as well as exhaustive secondary research for this study. Initially, TechSci
Research sourced a list of manufacturers, suppliers, and service providers
across the country. Subsequently, TechSci Research conducted primary research
surveys with the identified companies. While interviewing, the respondents were
also enquired about their competitors. Through this technique, TechSci Research
could include the manufactures which could not be identified due to the
limitations of secondary research. TechSci Research analyzed the manufactures,
distribution channels and presence of all major players across the country.
TechSci Research calculated the market
size of Saudi Arabia pre-engineered
building market
using a bottom-up approach, wherein data for various end-user segments was recorded
and forecast for the future years. TechSci Research sourced these values from
the industry experts and company representatives and externally validated
through analyzing historical data of these product types and applications for
getting an appropriate, overall market size. Various secondary sources such as
company websites, news articles, press releases, company annual reports,
investor presentations and financial reports were also studied by TechSci
Research.
Key
Target Audience:
- Pre-engineered building manufacturers, end users, and
other stakeholders
- Distributers and suppliers of the products and other
stakeholders
- Organizations, forums, and alliances related to pre-engineered
building
- Market research and consulting firms
The study is useful in providing answers
to several critical questions that are important for the industry stakeholders
such as manufacturers, suppliers, end users, etc., besides allowing them in
strategizing investments and capitalizing on market opportunities.
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Attribute
|
Details
|
|
Base Year
|
2021
|
|
Historical Data
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2017 – 2020
|
|
Estimated Year
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2022
|
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Forecast Period
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2023 – 2027
|
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Quantitative Units
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Revenue in USD Million and CAGR for 2017-2021 and 2022-2027
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Report coverage
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Revenue forecast, company share, competitive landscape, growth
factors, and trends
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|
Segments covered
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·
Material
·
Product Type
·
Structure
·
Application
|
|
Regional scope
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Western Region, Northern and Central Region, Eastern Region,
Southern Region
|
|
Key companies profiled
|
Zamil Steel Pre-Engineered Buildings Co. Ltd., Al-Jazera
Factory For Engineering Construction Co Ltd, Batterjee for Engineering and
Metal Construction, AlShahin Metal Industries 'SHMICO', International
Building Systems Factory Co., Ltd. (IBSF), Gulf Specialized Works Co. Ltd.,
Alfanar Steel Co. Ltd., The Dolphin International Steel Company, Saudi
Building Systems Mfg. Co., Kirby Building Systems.
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|
Customization scope
|
10% free report customization with purchase. Addition or
alteration to country, regional & segment scope.
|
|
Pricing and purchase options
|
Avail customized purchase options to meet your exact research
needs. Explore purchase
options
|
|
Delivery Format
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PDF and Excel through Email
(We can also provide the editable version of the report in PPT/Word format on
special request)
|
Report Scope:
In this report, Saudi Arabia pre-engineered building market has been segmented into
following categories, in addition to the industry trends which have also been
detailed below:
- Saudi Arabia Pre-engineered
building Market, By Material:
o Concrete
o Steel
o Aluminum
o Civil
o Others
- Saudi Arabia Pre-engineered
building Market, By Product Type:
- Walls
- Columns & Beams
- Roof & Floors
- Others
- Saudi Arabia Pre-engineered
building Market, By Structure:
- Saudi Arabia Pre-engineered
building Market, By Application:
- Industrial
- Commercial
- Residential
- Saudi Arabia Pre-engineered
building Market, By Region:
- Northern & Central
- Southern
- Eastern
- Western
Competitive Landscape
Company
Profiles: Detailed
analysis of the major companies present in Saudi Arabia pre-engineered building market.
Available Customizations:
With the given market data, TechSci
Research offers customizations according to a company’s specific needs. The
following customization options are available for the report:
Company Information
- Detailed analysis and profiling of additional market players (up to
five).
Saudi Arabia Pre-engineered building
Market is an upcoming report to be released soon. If you wish an early delivery
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