Report Overview

Cost-efficiency, faster construction times, reduced environmental impact, and improved quality control. Growing urbanization, housing demand, and technological advancements making it an attractive choice for various construction projects are key factors propelling the growth of the GCC Prefabricated Buildings Market during the forecast period between 2023 and 2029.

GCC Prefabricated Buildings Market – Industry Trends & Forecast Report, 2029

GCC prefabricated buildings market size was estimated at USD 4.69 billion in 2022. During the forecast period between 2023 and 2029, the size of GCC prefabricated buildings market is projected to grow at a CAGR of 7.94% reaching a value of USD 8.01 billion by 2029. The prefabricated buildings market is driven by several key factors, including cost-efficiency, reduced construction time, sustainability, and flexibility in design. Prefabricated structures often offer cost savings due to streamlined production processes and reduced material wastage. Their quicker construction times make them appealing to various industries, such as commercial and residential real estate, where time is a critical factor. Also, the growing emphasis on sustainable construction practices and eco-friendly materials has boosted the demand for prefabricated buildings. Their modular nature allows for versatile design options, further fueling their popularity in the construction industry. 

Prefabricated Buildings - Overview

Prefabricated buildings, often referred to as prefab or modular construction, involve the assembly of structural components in a factory before transportation to a construction site for final assembly. These structures can range from residential homes and commercial buildings to temporary shelters and industrial facilities. Prefabrication offers several advantages, including reduced construction time, cost savings, and improved quality control. It allows for greater customization and sustainability, as well as flexibility in design and function. Prefabricated buildings are a popular choice for various construction projects, offering efficiency and innovation in the construction industry.

Growth Drivers

Sustainable Construction Practices

GCC prefabricated buildings market is witnessing a significant growth driver in the form of sustainable construction practices. With the increasing awareness of environmental concerns and the need for energy-efficient solutions, prefabricated buildings offer a more eco-friendly and resource-efficient alternative to traditional construction methods. These structures are designed for energy conservation, reduced waste, and quicker assembly, aligning with the GCC region's commitment to sustainability. Government incentives, stricter building codes, and a growing demand for affordable housing further contribute to the expansion of the prefabricated building market in the Gulf Cooperation Council (GCC) countries.

Rapid Urbanization and Population Growth

GCC prefabricated buildings market is experiencing unprecedented growth due to the synergistic impact of rapid urbanization and population expansion across the region. As urban centers burgeon and populations swell, the demand for efficient, cost-effective, and sustainable construction solutions is surging. Prefabricated buildings offer an ideal solution, as they allow for faster construction, reduced labor costs, and environmentally friendly practices. This trend is not only addressing the pressing housing and infrastructure needs but also driving innovation in the construction industry, making the GCC a hotspot for prefabricated building solutions.

Restraints

High Dependency on Oil Price

The high dependency on oil prices is a significant restraint in the GCC prefabricated buildings market. The economies of Gulf Cooperation Council (GCC) countries heavily rely on oil revenues, making them vulnerable to fluctuations in global oil prices. When oil prices are low, government budgets are strained, leading to reduced infrastructure and construction spending, which directly impacts the demand for prefabricated buildings. This dependence on oil prices can result in an unpredictable and unstable market, making it challenging for prefabricated building companies to plan and invest confidently in the region, hindering the market's growth and development.

Impact of COVID-19 on GCC Prefabricated Buildings Market

The COVID-19 pandemic had a significant mixed impact on the GCC prefabricated buildings market. The pandemic caused disruptions to the global supply chain, making it difficult and expensive to obtain materials and components for prefabricated buildings. Additionally, the pandemic led to labor shortages, as many workers were unable to work due to illness or quarantine requirements. As a result, the construction of prefabricated buildings was delayed or cancelled in many cases. On the other hand, the COVID-19 pandemic also led to an increased demand for prefabricated buildings in certain sectors, such as healthcare and education. This was due to the need for rapid construction of new facilities to accommodate the surge in COVID-19 patients and students across the GCC countries. The pandemic also accelerated the adoption of digital technologies in the construction industry, which is expected to benefit the GCC prefabricated buildings market in the long term. In the short term, the pandemic caused disruptions and delays. However, in the long term, the pandemic is expected to boost the growth of the GCC prefabricated market, as it has accelerated the adoption of prefabricated construction methods and digital technologies. The COVID-19 pandemic has also highlighted some of the key benefits of prefabricated buildings, such as their speed of construction, their ability to be customized to meet specific needs, and their relatively low cost. These benefits are expected to drive the growth of the prefabricated building market across GCC countries.

GCC Prefabricated Buildings Market

Segmental Coverage

GCC Prefabricated Buildings Market – By Material

Based on material, GCC prefabricated buildings market is divided into Steel, Concrete & Cement, and Wood segments. The steel segment stands out as the largest, signifying a substantial portion of the market. Steel prefabricated buildings are gaining prominence in the GCC region due to their durability, versatility, and rapid construction capabilities. This segment's dominance is driven high structural strength, resistance to environmental conditions, and the ability to meet diverse construction needs, making it a preferred choice for a wide range of building projects in the Gulf Cooperation Council (GCC) countries.

GCC Prefabricated Buildings Market – By Systems

By systems, GCC prefabricated buildings market is divided into Cellular System, Panel System, Skeleton System, and Combined System segments. The cellular system stands out as the largest, reflecting its prominent role in the market. This system is widely adopted for its efficiency in construction, offering pre-manufactured building blocks that can be easily assembled to create structures. Its popularity is driven by factors such as cost-effectiveness, rapid construction, and versatility in design. While the other segments play crucial roles in the market, the Cellular System leads the way in transforming the construction landscape in the GCC region.

GCC Prefabricated Buildings Market – By End User

Based on end user, GCC prefabricated buildings market is divided into Residential, Commercial, and Industrial segments.  The residential sector segment is the largest in the market, which includes prefabricated homes, housing developments, and other residential construction projects. With a growing population and urbanization in the Gulf Cooperation Council (GCC) region, there is a substantial demand for affordable and efficient housing solutions, making the Residential segment a prominent and rapidly expanding part of the prefabricated buildings market. Commercial and Industrial segments also play essential roles, but the Residential sector stands out as the most substantial in terms of market share and growth potential.

GCC Prefabricated Buildings Market – By Country

Geographically, GCC prefabricated buildings market is divided into Bahrain, Kuwait, Oman, Qatar, Saudi Arabia, and UAE. Saudi Arabia stands as the largest country, comprising a significant portion of the market. Saudi Arabia's dominance in the prefabricated buildings sector is driven by its extensive construction and infrastructure development initiatives, including commercial, residential, and industrial projects. The country's commitment to diversifying its economy, coupled with a rapidly growing population, has led to a substantial demand for prefabricated structures, offering cost-effective and efficient construction solutions. Also, Saudi Arabia's strategic geographic location and its status as an economic hub in the Middle East contribute to its prominence in the GCC prefabricated buildings market.

Competitive Landscape

Major players in the GCC prefabricated buildings market include Cemex, Extra Co Group of Companies, Albaddad International, Speed House Group of Companies, Exeed Precast, RDB EL Seif Company Ltd, Memaar Building Systems (MBS), Specialist Services Group, Al Khodari Sons Company, and Red Sea International. To enhance their market share and expand their reach, these companies are also focusing on investing in innovations, collaborations, and expansions.

Recent Developments

• In May 2020 - Speed House became the exclusive producer and distributor for LTG's "condos" housing units in the UAE, Saudi Arabia, and Lebanon.

• In November 2020 - Albaddad established field hospitals and Drive-Thru checkpoints in a record time in the UAE. The company established Prince Hashem bin Al Hussein Field Hospital within 12 days.

Scope of the Report

Attributes	Details
Years Considered	Historical Data – 2019–2022
	Base Year – 2022
	Estimated Year – 2023
	Forecast Period – 2023–2029
Facts Covered	Revenue in USD Billion
Market Coverage	Saudi Arabia, UAE, Bahrain, Kuwait, Oman, Qatar
Product/Service Segmentation	Material, Systems, End User, Region
Key Players	Cemex, Extra Co Group of Companies, Albaddad International, Speed House Group of Companies, Exeed Precast, RDB EL Seif Company Ltd, Memaar Building Systems (MBS), Specialist Services Group, Al Khodari Sons Company, Red Sea International

 

By Material

• Steel

• Concrete & Cement

• Wood

By Systems

• Cellular System

• Panel System

• Skeleton System

• Combined System

By End User

• Residential

• Commercial

• Industrial

By Region

• Bahrain

• Kuwait

• Oman

• Qatar

• Saudi Arabia

• UAE

1. Research Framework
   1. Research Objective
   2. Material Overview
   3. Market Segmentation
2. Executive Summary
3.  GCC Prefabricated Buildings Market Insights
   1. Industry Value Chain Analysis
   2. DROC Analysis
      1. Growth Drivers
         1. Rapid urbanization and population growth in the GCC region
         2. Growing infrastructure investments
      2. Restraints
         1. High dependency on oil price
         2.  Shortage of skilled labor with expertise in prefabricated construction techniques
      3. Opportunities
         1. Supportive government initiatives
         2. Expansion of residential and commercial sectors
      4. Challenges
         1. Lack of awareness regarding the benefits of prefabricated construction compared to traditional methods
   3. Technological Advancements/Recent Developments
   4. Regulatory Framework
   5. Porter’s Five Forces Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of New Entrants
      4. Threat of Substitutes
      5. Intensity of Rivalry
4. GCC Prefabricated Buildings Market Overview
   1. Market Size & Forecast, 2019–2029
      1. By Value (USD Billion)
   2. Market Share and Forecast
      1. By Material
         1.  Steel
         2. Concrete & Cement
         3.  Wood
         4. Others
      2. By Systems
         1. Cellular System
         2. Panel System
         3. Skeleton System
         4.  Combined System
         5.  Others
      3. By End User
         1. Residential
         2. Commercial
         3. Industrial
      4. By Region
         1. Bahrain
         2. Kuwait
         3. Oman
         4. Qatar
         5. Saudi Arabia
         6. United Arab Emirates
5. Bahrain Prefabricated Buildings Market
   1. Market Size & Forecast, 2019–2029
      1. By Value (USD Billion)
   2. Market Share & Forecast
      1. By Material
      2. By Systems
      3. By Axel Type
6. Kuwait Prefabricated Buildings Market
   1. Market Size & Forecast, 2019–2029
      1. By Value (USD Billion)
   2. Market Share & Forecast
      1. By Material
      2. By Systems
      3. By Axel Type
7. Oman Prefabricated Buildings Market
   1. Market Size & Forecast, 2019–2029
      1. By Value (USD Billion)
   2. Market Share & Forecast
      1. By Material
      2. By Systems
      3. By Axel Type
8. Qatar Prefabricated Buildings Market
   1. Market Size & Forecast, 2019–2029
      1. By Value (USD Billion)
   2. Market Share & Forecast
      1. By Material
      2. By Systems
      3. By Axel Type
9. Saudi Arabia Prefabricated Buildings Market
   1. Market Size & Forecast, 2019–2029
      1. By Value (USD Billion)
   2. Market Share & Forecast
      1. By Material
      2. By Systems
      3. By Axel Type
10. United Arab Emirates Prefabricated Buildings Market
    1. Market Size & Forecast, 2019–2029
       1. By Value (USD Billion)
    2. Market Share & Forecast
       1. By Material
       2. By Systems
       3. By Axel Type
11. Competitive Landscape
    1. List of Key Players and Their Offerings
    2. GCC Prefabricated Buildings Market Share Analysis, 2022
    3. Competitive Benchmarking, By Operating Parameters
    4. Key Strategic Developments (Mergers, Acquisitions, Partnerships, etc.)
12. Impact of COVID-19 on GCC Prefabricated Buildings Market
13. Company Profile (Company Overview, Financial Matrix, Competitive Landscape, Key Personnel, Key Competitors, Contact Address, Strategic Outlook, SWOT Analysis)
    1. Cemex
    2. Extra Co Group of Companies
    3. Albaddad International
    4. Speed House Group of Companies
    5. Exeed Precast
    6. RDB EL Seif Company Ltd
    7. Memaar Building Systems (MBS)
    8. Specialist Services Group
    9. Al Khodari Sons Company
    10. Red Sea International
    11. Other Prominent Players
14. Key Strategic Recommendations
15. Research Methodology
    1.    Qualitative Research
       1.  Primary & Secondary Research
    2.    Quantitative Research
    3.    Market Breakdown & Data Triangulation
       1.  Secondary Research
       2.  Primary Research
    4.    Breakdown of Primary Research Respondents, By Region
    5.    Assumptions & Limitations

*Financial information of non-listed companies can be provided as per availability.

**The segmentation and the companies are subject to modifications based on in-depth secondary research for the final deliverable

 

List of Figures

Figure 1       GCC Prefabricated Buildings Market Segmentation

Figure 2       GCC Prefabricated Buildings Market Value Chain Analysis

Figure 3       Company Market Share Analysis, 2022

Figure 4       GCC Prefabricated Buildings Market Size, By Value (USD Billion), 2019–2029

Figure 5       GCC Prefabricated Buildings Market Share, By Material, By Value, 2019–2029

Figure 6       GCC Prefabricated Buildings Market Share, By Systems, By Value, 2019–2029

Figure 7       GCC Prefabricated Buildings Market Share, By Axel Type, By Value, 2019–2029

Figure 8       GCC Prefabricated Buildings Market Share, By Country, By Value, 2019–2029

Figure 9       Bahrain Prefabricated Buildings Market Size, By Value (USD Billion), 2019−2029

Figure 10     Bahrain Prefabricated Buildings Market Share, By Material, By Value, 2019−2029

Figure 11     Bahrain Prefabricated Buildings Market Share, By Systems, By Value, 2019−2029

Figure 12     Bahrain Prefabricated Buildings Market Share, By Axel Type, By Value, 2019−2029

Figure 13     Kuwait Prefabricated Buildings Market Size, By Value (USD Billion), 2019−2029

Figure 14     Kuwait Prefabricated Buildings Market Share, By Material, By Value, 2019−2029

Figure 15     Kuwait Prefabricated Buildings Market Share, By Systems, By Value, 2019−2029

Figure 16     Kuwait Prefabricated Buildings Market Share, By Axel Type, By Value, 2019−2029

Figure 17     Oman Prefabricated Buildings Market Size, By Value (USD Billion), 2019−2029

Figure 18     Oman Prefabricated Buildings Market Share, By Material, By Value, 2019−2029

Figure 19     Oman Prefabricated Buildings Market Share, By Systems, By Value, 2019−2029

Figure 20     Oman Prefabricated Buildings Market Share, By Axel Type, By Value, 2019−2029

Figure 21     Qatar Prefabricated Buildings Market Size, By Value (USD Billion), 2019−2029

Figure 22     Qatar Prefabricated Buildings Market Share, By Material, By Value, 2019−2029

Figure 23     Qatar Prefabricated Buildings Market Share, By Systems, By Value, 2019−2029

Figure 24     Qatar Prefabricated Buildings Market Share, By Axel Type, By Value, 2019−2029

Figure 25     Saudi Arabia Prefabricated Buildings Market Size, By Value (USD Billion), 2019−2029

Figure 26     Saudi Arabia Prefabricated Buildings Market Share, By Material, By Value, 2019−2029

Figure 27     Saudi Arabia Prefabricated Buildings Market Share, By Systems, By Value, 2019−2029

Figure 28     Saudi Arabia Prefabricated Buildings Market Share, By Axel, By Value, 2019−2029

Figure 29     United Arab Emirates Prefabricated Buildings Market Size, By Value (USD Billion), 2019−2029

Figure 30     United Arab Emirates Prefabricated Buildings Market Share, By Material, By Value, 2019−2029

Figure 31     United Arab Emirates Prefabricated Buildings Market Share, By Systems, By Value, 2019−2029

Figure 32     United Arab Emirates Prefabricated Buildings Market Share, By Axel, By Value, 2019−2029

 

 

List of Tables

 

Table 1         GCC Prefabricated Buildings Market Size, By Material, By Value, 2019−2029

Table 2        GCC Prefabricated Buildings Market Size, By Systems, By Value, 2019−2029

Table 3        GCC Prefabricated Buildings Market Size, By Axel type, By Value, 2019−2029

Table 4    GCC Prefabricated Buildings Market Size, By Country, By Value, 2019−2029

Table 5   Bahrain Prefabricated Buildings Market Size, By Material, By Value, 2019−2029

Table 6        Bahrain Prefabricated Buildings Market Size, By Systems, By Value, 2019−2029

Table 7       Bahrain Prefabricated Buildings Market Size, By Axel Type, By Value, 2019−2029

Table 8   Kuwait Prefabricated Buildings Market Size, By Material, By Value, 2019−2029

Table 9         Kuwait Prefabricated Buildings Market Size, By Systems, By Value, 2019−2029

Table 10       Kuwait Prefabricated Buildings Market Size, By Axel type, By Value, 2019−2029

Table 11      Oman Prefabricated Buildings Market Size, By Material, By Value, 2019−2029

Table 12      Oman Prefabricated Buildings Market Size, By Systems, By Value, 2019−2029

Table 13      Oman Prefabricated Buildings Market Size, By Axel Type, By Value, 2019−2029

 

Table 14      Qatar Prefabricated Buildings Market Size, By Material, By Value, 2019−2029

Table 15      Qatar Prefabricated Buildings Market Size, By Systems, By Value, 2019−2029

Table 16      Saudi Arabia Prefabricated Buildings Market Size, By Material, By Value, 2019−2029

Table 17      Saudi Arabia Prefabricated Buildings Market Size, By Systems, By Value, 2019−2029

Table 18      Saudi Arabia Prefabricated Buildings Market Size, By Axel Type, By Value, 2019−2029

Table 19      United Arab Emirates Prefabricated Buildings Market Size, By Value (USD Billion), 2019−2029

Table 20      United Arab Emirates Prefabricated Buildings Market Share, By Material, By Value, 2019−2029

Table 21      United Arab Emirates Prefabricated Buildings Market Share, By Systems, By Value, 2019−2029

Table 22      United Arab Emirates Prefabricated Buildings Market Share, By Axel Type, By Value, 2019−2029

Table 23      Cemex Company Overview

Table 24      Cemex Financial Overview

Table 25      Extra Co Group of Companies Company Overview

Table 26      Extra Co Group of Companies Financial Overview

Table 27      Albaddad International Company Overview

Table 28      Albaddad International Financial Overview

Table 29      Speed House Group of Companies Company Overview

Table 30      Speed House Group of Companies Financial Overview

Table 31      Exeed Precast Company Overview

Table 32      Exeed Precast Financial Overview

Table 33      RDB EL Seif Company Ltd Company Overview

Table 34      RDB EL Seif Company Ltd Financial Overview

Table 35      Memaar Building Systems (MBS) Company Overview

Table 36      Memaar Building Systems (MBS) Financial Overview

Table 37      Specialist Services Group Company Overview

Table 38      Specialist Services Group Financial Overview

Table 39      Al Khodari Sons Company: Company Overview

Table 40      Al Khodari Sons Company Financial Overview

Table 41      Red Sea International Company Overview

Table 42      Red Sea International Financial Overview