UAE Prefabricated Building and Structural Steel Market to Grow at 5.1% During 2024-2032, Induced by Economic Development Programs

February 13, 2019 | Chemical & Materials

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According to the latest report by IMARC Group, titled “UAE Prefabricated Building and Structural Steel Market Report by Component (Prefabricated Building, Structural Steel), End Use Sector (Residential, Institutional, Commercial, Industrial) 2024-2032”, the UAE prefabricated building and structural steel market is expected to grow at a CAGR of 5.1% during 2024-2032. Prefabricated buildings refer to structures that are constructed off-site by builders and then installed at the site selected according to the preferences of consumers. Whereas, structural steel refers to a construction material made from different steel grades with different cross sections or shapes. As compared to conventionally constructed buildings, prefabricated structurers are environment-friendly, offer improved weather resistance, efficient material utilization, ease of expansion and minimal maintenance. Owing to these benefits, prefabricated buildings and structural steel are being used on a large scale across the UAE. Additionally, this type of construction offers control and transparency which means that all the steps of this process can be inspected, controlled, monitored and tracked which is further driving the demand for prefabricated construction in the country.

UAE Prefabricated Building and Structural Steel Market Trends:

At present, rapid growth in the contracting and construction sectors remains one of the primary factors acting in favor of the prefabricated building and structural steel market in the UAE. In addition, the contractors are increasingly opting for offsite construction in order to reduce labor at the ground level and minimize construction time. This factor continues to have a positive effect on the growth of the market. Moreover, development programs by the Government, such as the Abu Dhabi Economic Vision 2030 – a long term plan for the economic development of the emirate, will increase the demand for prefabricated building and structural steel for the construction of resilient infrastructure. However, durability issues and lack of financing options are some of the factors which are hampering the growth of the market.

Market Summary:

On the basis of components, the UAE prefabricated building market has been segmented into floors and roofs, walls, staircase, and panels and lintels. Whereas, the UAE structural steel market has been segmented into H-type beam, I-type beam, columns and angles.
The UAE prefabricated building and structural steel market is categorized on the basis of end-use sectors which mainly include residential, institutional, commercial and industrial sectors. Amongst these, the residential sector represents the largest end-user in the market.
The competitive landscape of the market has also been examined in the report along with a detailed list of the key players operating in the industry.

Report Scope:

Report Features	Details
Base Year of the Analysis	2023
Historical Period	2018-2023
Forecast Period	2024-2032
Units	US$ Million, ‘000 Units, Million Tons
Segment Coverage	Component, End-Use Sector
Customization Scope	10% Free Customization
Report Price and Purchase Option	Single User License: US$ 3699 Five User License: US$ 4699 Corporate License: US$ 5699
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)

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IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

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UAE Prefabricated Building and Structural Steel Market to Grow at 5.1% During 2024-2032, Induced by Economic Development Programs

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