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. On account of these factors, the GCC prefabricated building and structural steel market is expected to exhibit moderate growth during the next five years.
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
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The expanding construction activities and growing awareness among consumers regarding the flexibility of structural steel across the GCC region are driving the market growth. Besides this, the rising focus on sustainable growth is also encouraging the adoption of prefabricated buildings and structural steel in the construction sector, thereby augmenting the market growth. In addition to this, the increasing investments in the infrastructure sector by both public and private stakeholders are also propelling the market growth. Furthermore, the expanding tourism industry and the upcoming events in the GCC region have propelled the demand for quick and cheaper construction solutions, which, in turn, will continue to drive the market in the coming years.
Breakup by Product Type:
- Prefabricated Building
- Structural Steel.
Breakup by End-Use:
- Institutional
- Commercial
- Industrial sectors
Regional Insights:
- Saudi Arabia
- UAE
- Oman
- Qatar
- Kuwait
- Bahrain
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Key highlights of the report:
- Market Performance (2015-2020)
- Market Outlook (2021-2026)
- Market Trends
- Market Drivers and Success Factors
- The Impact of COVID-19 on the Global Market
- Value Chain Analysis
- Structure of the Global Market
- Comprehensive mapping of the competitive landscape
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
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