Prefabricated buildings are structures manufactured in a factory and transported to the construction site which are then assembled in a proper building. Structural steel frames, on the other hand, are the skeletal framework of the building, wherein the prefabricated parts are installed. To build these frame structures, various types of materials are required which include metal panels, wooden panels, glass, plastics, composites and other reinforced plastics. They are ideally suitable for temporary structures as they require less involvement of cost and time, thereby being relatively inexpensive. Prefabricated construction is being widely used in the GCC region since it helps in waste management and saves energy. According to the latest report by IMARC Group, titled “GCC Prefabricated Building and Structural Steel Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026”, the GCC prefabricated building and structural steel market reached a value of US$ 3.15 Billion in 2020.

The GCC countries are focusing on economic diversification so as to reduce their dependence on the oil and gas sector. In line with this, they are planning long-term strategies for sustainable growth, and therefore, are opting for prefabricated buildings and structural steel in the construction sector. In addition, increasing investments in the infrastructure sector by both, public and private stakeholders, have further created growth prospects for the market. Moreover, a surge in the tourism sector coupled with upcoming events in the GCC region have led to a demand for quick and cheaper construction solutions. On account of these factors, the GCC prefabricated building and structural steel market is expected to exhibit moderate growth during the next five years.

The report has segmented the market on the basis of product type into prefabricated building and structural steel segments which are further segregated on the basis of components. The prefabricated building segment includes floors and roofs, walls, staircases, and panels and lintels. Amongst these, floors and roofs hold the largest share. On the other hand, the structural steel segment includes H-type beam, I-type beam, columns and angles, out of which H-type beam holds the majority of the global share. The market is further segregated on the basis of end-use. Currently, the residential sector is the largest end-use segment, accounting for the majority of the global share. It is followed by the institutional, commercial and industrial sectors. Region-wise, Saudi Arabia represents the leading market, followed by the UAE, Oman, Qatar, Kuwait and Bahrain. An analysis of the competitive landscape provides the details of the key players operative in the market.

This report provides a deep insight into the GCC prefabricated building and structural steel industry covering all its essential aspects. This ranges from macro overview of the market to micro details of the industry performance, recent trends, key market drivers and challenges, SWOT analysis, Porter’s five forces analysis, value chain analysis, etc. The report also provides a comprehensive analysis for setting up a prefabricated building and structural steel manufacturing plant. The study analyses the processing and manufacturing requirements, project cost, project funding, project economics, expected returns on investment, profit margins, etc. This report is a must-read for entrepreneurs, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into the GCC prefabricated building and structural steel industry in any manner.

Key questions answered in this report:

How has the GCC prefabricated building and structural steel market performed so far and how will it perform in the coming years?
What are the key regional markets in the GCC prefabricated building and structural steel industry?
What has been the impact of COVID-19 on the GCC prefabricated building and structural steel industry?
What are the major types of component in the GCC prefabricated building and structural steel industry?
What are the key end-use segment in the GCC prefabricated building and structural steel industry?
What are the various stages in the value chain of the GCC prefabricated building and structural steel industry?
What are the key driving factors and challenges in the GCC prefabricated building and structural steel industry?
What is the structure of the GCC prefabricated building and structural steel industry and who are the key players?
What is the degree of competition in the GCC prefabricated building and structural steel industry?
What are the profit margins in the GCC prefabricated building and structural steel industry?
What are the key requirements for setting up a prefabricated building and structural steel manufacturing plant?
How are prefabricated building and structural steel manufactured?
What are the various unit operations involved in a prefabricated building and structural steel manufacturing plant?
What is the total size of land required for setting up a prefabricated building and structural steel manufacturing plant?
What are the machinery requirements for setting up a prefabricated building and structural steel manufacturing plant?
What are the raw material requirements for setting up a prefabricated building and structural steel manufacturing plant?
What are the packaging requirements for prefabricated building and structural steel?
What are the transportation requirements for prefabricated building and structural steel?
What are the utility requirements for setting up a prefabricated building and structural steel manufacturing plant?
What are the manpower requirements for setting up a prefabricated building and structural steel manufacturing plant?
What are the infrastructure costs for setting up a prefabricated building and structural steel manufacturing plant?
What are the capital costs for setting up a prefabricated building and structural steel manufacturing plant?
What are the operating costs for setting up a prefabricated building and structural steel manufacturing plant?
What will be the income and expenditures for a prefabricated building and structural steel manufacturing plant?
What is the time required to break-even?