Saudi Arabia Pre-Engineered Building Market is Expected to Register a CAGR of 8.10% Through 2029
Economic growth & infrastructure development and industrial
expansion & demand for functional spaces are 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 expected to reach USD 988 Million by 2029 with a CAGR of 8.10% during the forecast period.
Saudi Arabia's robust economic growth and ongoing infrastructure development projects are significant drivers of the Pre-Engineered Building market. The Kingdom's Vision 2030 initiative, aimed at diversifying the economy and reducing dependence on oil, has spurred massive investments in infrastructure. PEBs are preferred for their cost-efficiency and rapid construction capabilities, aligning well with the need for timely completion of infrastructure projects. The government's focus on enhancing transport networks, healthcare facilities, educational institutions, and industrial zones has created a strong demand for PEBs. These buildings cater to various sectors such as manufacturing plants, warehouses, commercial complexes, and educational campuses. Their modular design allows for quick customization to meet specific project requirements, ensuring flexibility in implementation amidst evolving infrastructure needs.
PEBs contribute to sustainable development goals by minimizing construction waste and reducing carbon footprint compared to traditional building methods. This aspect aligns with Saudi Arabia's commitment to environmental conservation and sustainable urban development.
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Based
on Structure, 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.
Based on region, Makkah is the fastest-growing region in the Saudi Arabia Pre-Engineered Building (PEB) Market due to several key factors, primarily driven by the region's religious, economic, and infrastructural significance. As the holiest city in Islam, Makkah experiences a continuous influx of visitors, including millions of pilgrims for Hajj and Umrah. This high demand for temporary and permanent infrastructure to accommodate these visitors has significantly contributed to the growth of the PEB market. Pre-engineered buildings, known for their rapid construction, cost-effectiveness, and durability, are ideal for meeting the urgent requirements of these large-scale facilities. Additionally, Makkah is at the center of the Saudi Arabian government’s Vision 2030 initiative, which aims to modernize infrastructure, enhance tourism, and boost economic development. The vision places significant emphasis on Makkah and the surrounding areas, with projects like the expansion of the Holy Mosque, hotels, transport facilities, and commercial complexes. Pre-engineered buildings are widely used in these projects due to their flexibility in design, shorter construction timelines, and the ability to withstand extreme weather conditions, which are essential in the region's climate.
The rapid urbanization of Makkah is another contributing factor. The growing population, along with a rise in commercial and residential developments, increases the demand for efficient and cost-effective building solutions. Pre-engineered buildings offer a practical solution for these high-demand developments, whether for religious facilities, hospitality sectors, or residential housing. Additionally, the ease of transportation and reduced labor requirements for PEB construction make it an attractive choice for large-scale projects in Makkah.
Major companies
operating in the Saudi Arabia Pre-Engineered Building Market are:
- Nucor Corporation
- BlueScope Steel Limited
- Zamil Steel Holding Co. Ltd
- Lindab International AB
- Everest Industries Limited
- Pennar Industries Limited
- ATCO Ltd
- PSCC Contracting Company
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“The market
opportunity in the Saudi Arabia Pre-Engineered Building 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 global 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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