Steel Building Market in MEA by Product, End-user, and Geography - Forecast and Analysis 2022-2026

The steel building market share in MEA is expected to increase by USD 476.41 million from 2021 to 2026, at a CAGR of 8.87%.

This steel building market in the MEA research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers the steel building market in MEA segmentation by product (PEB and HRSS), end-user (industrial, commercial, and residential), and geography (the Middle East and Africa). The steel building market in MEA report also offers information on several market vendors, including Al Shahin Co. for Metal Industries, Astra Industrial Group, Building System Integration Ltd., Mabani Steel LLC, Salam International Investment Ltd., Tamimi Group, Vibgyor International FZ LLC, Wsteel Structures Ltd., Yusuf A. Alghanim & Sons WLL, and Zamil Industrial Investment Co. among others.

What will the Steel Building Market Size in MEA be During the Forecast Period?

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Steel Building Market in MEA: Key Drivers, Trends, and Challenges

The advantages of PEBs over traditional buildings are notably driving the steel building market growth in MEA, although factors such as low awareness and limited design flexibility in the residential sector may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the steel building industry in MEA. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Steel Building Market Driver in MEA 

One of the key factors driving the steel building market growth in MEA is the advantages of PEBs over traditional buildings as they fulfill the demands of modern infrastructure. The construction industry is constantly advancing in terms of technology, owing to the rising demand for cost-effective, innovative, and fast-paced construction activities. PEBs are made of high-quality steel that can be recycled and reused, which makes these structures eco-friendly. These metal structures are easy to install, and the construction cost of these buildings is around 30%-40% lower than that of traditional buildings as PEBs require only welding and finishing of the prefabricated components. Thus, the construction cost of PEBs is around 25%-30% less than that of traditional buildings, which makes them cost-effective. These advantages are expected to increase the adoption of PEBs, thereby driving the growth of the market in focus during the forecast period.

Key Steel Building MarketTrend in MEA

Another key factor driving the steel building market growth in MEA is the growing construction and infrastructure sectors in countries such as the UAE, Saudi Arabia, Egypt, Iran, and Morocco due to rapid industrialization. The growing demand for public infrastructure in MEA is contributing to the growth of the construction sector in these economies. Many new hospitals, educational institutions, stadiums, indoor sports complexes, malls, and mega shopping centers have been built in the past few years because of the growing population and increasing per capita income of people. Such factors are expected to further support the market growth during the forecast period.

Key Steel Building Market Challenge in MEA

One of the key challenges to the steel building market growth in MEA is the low awareness and limited design flexibility in the residential sector. Unlike concrete buildings, steel buildings as residential houses and apartments do not need a foundation. However, low awareness among builders and buyers about the benefits of steel buildings in the residential sector and the high importance given to aesthetics during the construction of residential buildings is limiting the market growth. In addition, concrete buildings offer high flexibility for ad hoc changes during the construction period, unlike steel buildings. Thus, the demand for steel buildings from the residential sector is limited to affordable and remote location housing, though multi-story residential buildings usually require HRSS for the erection of steel structures for placing utilities such as HVAC systems and storage tanks. Such factors are expected to challenge the growth of the market in focus during the forecast period.

This steel building market in MEA analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.

Parent Market Analysis

Technavio categorizes the steel building market in MEA as a part of the global construction and engineering market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the steel building market in MEA during the forecast period.

Who are the Major Steel Building Market Vendors in MEA?

The report analyzes the market's competitive landscape and offers information on several market vendors, including:

• Al Shahin Co. for Metal Industries
• Astra Industrial Group
• Building System Integration Ltd.
• Mabani Steel LLC
• Salam International Investment Ltd.
• Tamimi Group
• Vibgyor International FZ LLC
• Wsteel Structures Ltd.
• Yusuf A. Alghanim & Sons WLL
• Zamil Industrial Investment Co.

This statistical study of the steel building market in MEA encompasses successful business strategies deployed by the key vendors. The steel building market in MEA is fragmented and the vendors are deploying organic and inorganic growth strategies to compete in the market.

Product Insights and News

• Al Shahin Co.- The company offers pre-engineered steel buildings to be used in factories, commercial showrooms, supermarkets, warehouses, convention halls, and workshops.

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The steel building market in MEA forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.

Steel Building Market in MEA Value Chain Analysis

Our report provides extensive information on the value chain analysis for the steel building market in MEA, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.

The value chain of the global construction and engineering market includes the following core components:

• Inputs
• Inbound logistics
• Operations
• Outbound logistics
• Marketing and sales
• Support activities
• Innovation

The report has further elucidated on other innovative approaches being followed by manufacturers to ensure a sustainable market presence.

Which are the Key Regions for Steel Building Market in MEA?

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77% of the market's growth will originate from the Middle East during the forecast period. Saudi Arabia, Turkey, UAE, Qatar, and Egypt (Arab Republic of Egypt) are the key markets for steel buildings in the Middle East. Market growth in this region will be faster than the growth of the market in Africa.

The significant increase in investment in crude oil refining, petrochemical manufacturing facilities, and infrastructure projects will facilitate the steel building market growth in the Middle East over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

What are the Revenue-generating Product Segments in the Steel Building Market in MEA?

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The steel building market share growth in MEA by the PEB segment will be significant during the forecast period. The growth is attributed to the significant increase in the demand for PEB for single-story or low-rise multi-story industrial and commercial facilities as construction of a PEB involves lesser time and expense than a conventional concrete or steel building.

This report provides an accurate prediction of the contribution of all the segments to the growth of the steel building market size in MEA and actionable market insights on post COVID-19 impact on each segment.

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What are the Key Data Covered in this Steel Building Market in MEA Report?

• CAGR of the market during the forecast period 2022-2026
• Detailed information on factors that will drive steel building market growth in MEA during the next five years
• Precise estimation of the steel building market size in MEA and its contribution to the parent market
• Accurate predictions on upcoming trends and changes in consumer behavior
• The growth of the steel building industry in MEA 
• A thorough analysis of the market's competitive landscape and detailed information on vendors
• Comprehensive details of factors that will challenge the growth of steel building market vendors in MEA 

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