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Middle East And Africa Modular Construction Market
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Middle East And Africa Modular Construction Market

Home Building And Construction Middle East And Africa Modular Construction Market

Middle East and Africa Modular Construction Market, By Material (Wood, Steel, Concrete); By Type (Permanent, Relocatable); By End User (Residential, Hospitality, Healthcare, Education, Retail & Commercial, Office); By Country (Saudi Arabia, UAE, Qatar, Kuwait, South Africa, Nigeria, Algeria, Rest of MEA), Trend Analysis, Competitive Landscape & Forecast, 2019–2029

  • Published Date: November 2023
  • Report ID: BWC23935
  • Available Format: PDF
  • Page: 240

Report Overview

Rapid urbanization, a growing need for affordable housing, government initiatives to promote sustainable building methods, a desire for faster project delivery, and demand for energy-efficient structures are expected to contribute to the growth of the Middle East and Africa Modular Construction Market during the forecast period between 2023 and 2029.

Middle East and Africa Modular Construction Market - Industry Trends & Forecast Report, 2029

The Middle East and Africa modular construction market size was estimated at USD 6.32 billion in 2022. During the forecast period between 2023 and 2029, the size of Middle East and Africa modular construction market is projected to grow at a CAGR of 7.9% reaching a value of USD 10.76 billion by 2029. Middle East and Africa modular construction market is driven by several key factors. Firstly, rapid urbanization and population growth in the region are creating a demand for fast and cost-effective construction solutions. Secondly, the need for infrastructure development, including housing, healthcare facilities, and education institutions, is propelling the adoption of modular construction methods. The region's focus on sustainability and energy efficiency is also encouraging the use of eco-friendly modular building materials. Lastly, the ability of modular construction to mitigate labor shortages and reduce construction timelines is attracting both public and private sector investments, further boosting market growth.

Middle East and Africa Modular Construction Market

Modular Construction - Overview

Modular construction is a construction method that involves building structures using prefabricated modules or components manufactured off-site and then assembled on-site. These modules can be anything from entire rooms to building sections. This approach offers numerous advantages, including faster project completion, reduced costs, improved quality control, and increased sustainability. Modular construction is versatile and applicable to various building types, from residential homes to commercial and industrial facilities. Its efficiency and flexibility make it a popular choice in the construction industry, as it allows for quicker and more cost-effective building solutions while maintaining high-quality standards.

Growth Drivers

Sustainable Development Initiatives

Middle East and Africa modular construction market are experiencing a significant growth driver in the form of sustainable development initiatives. Governments and businesses across the region are increasingly recognizing the environmental and cost-saving benefits of modular construction. By promoting eco-friendly construction practices, such as using recycled materials and energy-efficient designs, they are not only meeting their sustainability goals but also reducing construction timelines and costs. Therefore, the demand for modular construction solutions is on the rise, with an emphasis on green building practices, ultimately propelling the industry's growth in the Middle East and Africa.

Restraints

Supply Chain Challenges

One significant restraint facing the Middle East and Africa modular construction market is complex supply chain dynamics. The region's vast geography, diverse regulatory frameworks, and variable infrastructure can hinder the seamless flow of materials and components essential for modular construction projects. Political instability, customs procedures, and logistical bottlenecks can disrupt the timely delivery of prefabricated modules, leading to project delays and increased costs. Efficient supply chain management and collaboration across borders are crucial for overcoming these challenges and unlocking the full potential of modular construction in this dynamic and growing market.

Escalating Geopolitical Tensions and Spread of Israel-Hamas War Could Affect Market Growth

The raging war between Israel and Hamas, a Palestine-based militant and nationalist organization, sends shockwaves across various industries, particularly oil & gas, transcending geographic boundaries and affecting businesses globally. The conflict between Israel-Hamas has been a longstanding, deeply entrenched geopolitical issue. On October 07, 2023, Hamas, in a surprise and heavy attack, struck Israel with thousands of rockets and infiltrations killing more than 1,100 people. In response, the prime minister of Israel declared war against Hamas and anticipated that the war would be ‘long and difficult.’ The United States has sent its warships and aid to Israel and stated that its citizens were killed in the war. The prolonging war in West Asia and escalating the Middle East will affect industries across verticals and regions.

Effects of the Israel-Hamas war on the Middle East and Africa modular construction market are primarily driven by uncertainties and instability in the Middle East region. The conflict creates an atmosphere of uncertainty that makes companies and policyholders wary. The Israel-Hamas conflict, if it spreads across the Middle East, could adversely affect the construction industry in the Middle East and Africa. The raging war in the region could lead to increased risks for businesses in the construction market. They face elevated costs due to the higher probability of damage to properties, infrastructure, and assets. Additionally, the escalated geopolitical tensions can lead to changes in regulations and policies, affecting construction markets and investments. The environment of heightened risk often results in rising costs for businesses and individuals.

Impact of COVID-19 on Middle East and Africa Modular Construction Market

COVID-19 pandemic significantly impacted the Middle East and Africa modular construction market. Lockdowns, supply chain disruptions, and labor shortages slowed project timelines and increased costs. However, the industry also saw increased interest in modular construction due to its ability to reduce on-site labor and promote social distancing. This led to a surge in demand for healthcare facilities, quarantine centers, and affordable housing units, driving some growth in the market. Overall, the pandemic underscored the resilience and adaptability of modular construction in responding to crisis situations but also highlighted the need for improved logistical planning and supply chain resilience in the region.

Middle East and Africa Modular Construction Market

Segmental Coverage

Middle East and Africa Modular Construction Market - By Material

By material, Middle East and Africa modular construction market is divided into Wood, Steel, and Concrete segments. The concrete segment is the largest, indicating a substantial market share and demand for modular construction using concrete materials in the region. This dominance may be attributed to concrete's durability, versatility, and suitability for various construction projects, including residential, commercial, and infrastructure development. Its wide-ranging applications make it a popular choice, underscoring its significance in shaping the regional modular construction industry.

Middle East and Africa Modular Construction Market Size

Middle East and Africa Modular Construction Market - By Type

Based on type, the Middle East and Africa modular construction market is split into permanent and relocatable segments. These segments represent different types or categories within the modular construction industry in the Middle East and Africa region.

Middle East and Africa Modular Construction Market - By End User

By end user, the Middle East and Africa modular construction market is divided into Residential, Hospitality, Healthcare, Education, Retail & Commercial, and Office segments. The residential is the largest end-user segment, reflecting the region's growing demand for efficient and cost-effective housing solutions. The hospitality sector is also significant, driven by the expansion of tourism and the need for rapid construction in the hospitality industry. Healthcare and education segments are gaining prominence due to the increasing focus on healthcare facilities and educational infrastructure development. Meanwhile, the retail and commercial, as well as the office segments, are showing steady growth, indicating the versatility of modular construction across various industries within the Middle East and Africa.

Middle East and Africa Modular Construction Market – By Country

Geographically, Middle East and Africa modular construction market is divided into Saudi Arabia, UAE, Qatar, Kuwait, South Africa, Nigeria, Algeria, and Rest of MEA. The largest country in the Middle East and Africa modular construction market is Saudi Arabia. Known for its robust construction industry and ongoing infrastructure development projects, Saudi Arabia has been a major player in adopting modular construction methods to meet its growing demand for housing, commercial spaces, and infrastructure. With a strong economy and government initiatives promoting modular construction, Saudi Arabia has attracted substantial investments and witnessed significant growth in this sector. While other countries like the UAE, Qatar, and Kuwait also contribute to the market, Saudi Arabia stands out as the dominant force in the region's modular construction landscape.

Competitive Landscape

Middle East and Africa modular construction market is fiercely competitive, with Katerra, Red Sea International, KEF Infra, Algeco Group, Aden Group, Afripanel, MEFAB, Gulf Prefab Houses Factory LLC, Premier Modular Limited, Al Falaah DG, and Elan Group. The key strategies used by these market leaders are new product launches, mergers and acquisitions, and alliances. To grow their market share, these companies are also focusing on investing in innovations, collaborations, and expansions.

Recent Developments

  • November 2021 - ASSENT, a steel manufacturing company in Dubai and the GCC Region, won a new contract award from JGC Corporation, a global engineering company, to supply 3,500 tons of fabricated steel to Basrah Refinery Upgrading Project in Iraq.

  • June 2021 - Red Sea International Co., a Saudi Arabian public joint-stock company providing specialized prefabricated modular buildings for various real estate and industrial sectors, signed a SAR 52.93 million (USD 14.09 million) contract with Royal Commission for AlUla (RCU) to construct a turnkey housing complex in AlUla. The contract includes the design, construction, supply, and installation of 150 modular, high-quality, and fully furnished accommodation units on a turnkey basis, which will serve as the housing complex for one of RCU’s strategic projects in AlUla.

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, Qatar, Kuwait, South Africa, Nigeria, Algeria, Rest of MEA

Product/ Service Segmentation

Material, Type, End User, Category

Key Players

Katerra, Red Sea International, KEF Infra, Algeco Group, Aden Group, Afripanel, MEFAB, Gulf Prefab Houses Factory LLC, Premier Modular Limited, Al Falaah DG, Elan Group

 

By Material

  • Wood

  • Steel

  • Concrete

By Type

  • Permanent

  • Relocatable

By End User

  • Residential

  • Hospitality

  • Healthcare

  • Education

  • Retail & Commercial

  • Office

By Country

  • Saudi Arabia

  • UAE

  • Qatar

  • Kuwait

  • South Africa

  • Nigeria

  • Algeria

  • Rest of MEA

  1. Research Framework
    1. Research Objective
    2. Product Overview
    3. Market Segmentation
  2. Executive Summary
  3. Middle East and Africa Modular Construction Market Insights
    1. Industry Value Chain Analysis
    2. DROC Analysis
      1. Growth Drivers
        1. Ease of disassembling, refurbishment, and relocation of modular constructions
        2. Increase in per capita income and easy availability of finances and loans
        3. Growing emphasis on sustainability, quality, and workers' safety
      2. Restraints
        1. Risk of transportation and assembly issues in modular construction
        2. Lack of reliability on modular construction in earthquake-prone regions
      3. Opportunities
        1. Increased focus on upgrading healthcare infrastructure
        2. Increased support from government rules and policies
      4. Challenges
        1. Volatility in transportation charges
        2. Lack of awareness regarding modular construction
        3. Fluctuations in the prices of raw materials
    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. Middle East and Africa Modular Construction Market Overview
    1. Market Size and Forecast, 2019–2029
      1. By Value (USD Billion)
    2. Market Share and Forecast
      1. By Material
        1. Wood
        2. Steel
        3. Concrete
        4. Others
      2. By Type
        1. Permanent
        2. Relocatable
      3. By End User
        1. Residential
        2. Hospitality
        3. Healthcare
        4. Education
        5. Retail and Commercial
        6. Office
        7. Others
      4. By Country
        1. Saudi Arabia
        2. UAE
        3. Qatar
        4. Kuwait
        5. South Africa
        6. Nigeria
        7. Algeria
        8. Rest of MEA
  5. Saudi Arabia Modular Construction Market
    1. Market Size and Forecast, 2019–2029
      1. By Value (USD Billion)
    2. Market Share and Forecast
      1. By Type
      2. By End User
  6. UAE Modular Construction Market
    1. Market Size and Forecast, 2019–2029
      1. By Value (USD Billion)
    2. Market Share and Forecast
      1. By Material
      2. By Type
      3. By End User
  7. Qatar Modular Construction Market
    1. Market Size and Forecast, 2019–2029
      1. By Value (USD Billion)
    2. Market Share and Forecast
      1. By Material
      2. By Type
      3. By End User
  8. Kuwait Modular Construction Market
    1. Market Size and Forecast, 2019–2029
      1. By Value (USD Billion)
    2. Market Share and Forecast
      1. By Material
      2. By Type
      3. By End User
  9. South Africa Modular Construction Market
    1. Market Size and Forecast, 2019–2029
      1. By Value (USD Billion)
    2. Market Share and Forecast
      1. By Material
      2. By Type
      3. By End User
  10. Nigeria Modular Construction Market
    1. Market Size and Forecast, 2019–2029
      1. By Value (USD Billion)
    2. Market Share and Forecast
      1. By Material
      2. By Type
      3. By End User
  11. Algeria Modular Construction Market
    1. Market Size and Forecast, 2019–2029
      1. By Value (USD Billion)
    2. Market Share and Forecast
      1. By Material
      2. By Type
      3. By End User
  12. Rest of MEA Modular Construction Market
    1. Market Size and Forecast, 2019–2029
      1. By Value (USD Billion)
    2. Market Share and Forecast
      1. By Material
      2. By Type
      3. By End User
  13. Competitive Landscape
    1. List of Key Players and Their Offerings
    2. Middle East and Africa Modular Construction Company Market Share Analysis, 2022
    3. Competitive Benchmarking, By Operating Parameters
    4. Key Strategic Developments (Mergers, Acquisitions, Partnerships, etc.)
  14. Impact of COVID-19 on Middle East and Africa Modular Construction Market
  15. Company Profile (Company Overview, Financial Matrix, Competitive Landscape, Key Personnel, Key Competitors, Contact Address, Strategic Outlook, SWOT Analysis)
    1. Katerra
    2. Red Sea International
    3. KEF Infra
    4. Algeco Group
    5. Aden Group
    6. Afripanel
    7. MEFAB
    8. Gulf Prefab Houses Factory LLC
    9. Premier Modular Limited
    10. Al Falaah DG
    11. Elan Group
    12. Other Prominent Players
  16. Key Strategic Recommendations
  17. Research Methodology
    1.       Qualitative Research
      1.   Primary and Secondary Research
    2.       Quantitative Research
    3.       Market Breakdown and Data Triangulation
      1.   Secondary Research
      2.   Primary Research
    4.       Breakdown of Primary Research Respondents, By Region
    5.       Assumptions and 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       Middle East and Africa Modular Construction Segmentation

Figure 2       Middle East and Africa Modular Construction Market Value Chain Analysis

Figure 3       Company Market Share Analysis, 2022

Figure 4       Middle East and Africa Modular Construction Market Size, By Value (USD Billion), 2019–2029

Figure 5       Middle East and Africa Modular Construction Market Share, By Material, By Value, 2019–2029

Figure 6       Middle East and Africa Modular Construction Market Share, By Type, By Value, 2019–2029

Figure 7       Middle East and Africa Modular Construction Market Share, By End User, By Value, 2019–2029

Figure 8       Middle East and Africa Modular Construction Market Share, By Country, By Value, 2019–2029

Figure 9       Saudi Arabia Modular Construction Market Size, By Value (USD Billion), 2019–2029

Figure 10     Saudi Arabia Modular Construction Market Share, By Material, By Value, 2019–2029

Figure 11     Saudi Arabia Modular Construction Market Share, By Type, By Value, 2019–2029

Figure 12     Saudi Arabia Modular Construction Market Share, By End User, By Value, 2019–2029

Figure 13     UAE Modular Construction Market Size, By Value (USD Billion), 2019–2029

Figure 14     UAE Modular Construction Market Share, By Material, By Value, 2019–2029

Figure 15     UAE Modular Construction Market Share, By Type, By Value, 2019–2029

Figure 16     UAE Modular Construction Market Share, By End User, By Value, 2019–2029

Figure 17     Qatar Modular Construction Market Size, By Value (USD Billion), 2019–2029

Figure 18     Qatar Modular Construction Market Share, By Material, By Value, 2019–2029

Figure 19     Qatar Modular Construction Market Share, By Type, By Value, 2019–2029

Figure 20     Qatar Modular Construction Market Share, By End User, By Value, 2019–2029

Figure 21     Kuwait Modular Construction Market Size, By Value (USD Billion), 2019–2029

Figure 22     Kuwait Modular Construction Market Share, By Material, By Value, 2019–2029

Figure 23     Kuwait Modular Construction Market Share, By Type, By Value, 2019–2029

Figure 24     Kuwait Modular Construction Market Share, By End User, By Value, 2019–2029

Figure 25     South Africa Modular Construction Market Size, By Value (USD Billion), 2019–2029

Figure 26     South Africa Modular Construction Market Share, By Material, By Value, 2019–2029

Figure 27     South Africa Modular Construction Market Share, By Type, By Value, 2019–2029

Figure 28     South Africa Modular Construction Market Share, By End User, By Value, 2019–2029

Figure 29     Nigeria Modular Construction Market Size, By Value (USD Billion), 2019–2029

Figure 30     Nigeria Modular Construction Market Share, By Material, By Value, 2019–2029

Figure 31     Nigeria Modular Construction Market Share, By Type, By Value, 2019–2029

Figure 32     Nigeria Modular Construction Market Share, By End User, By Value, 2019–2029

Figure 33     Algeria Modular Construction Market Size, By Value (USD Billion), 2019–2029

Figure 34     Algeria Modular Construction Market Share, By Material, By Value, 2019–2029

Figure 35     Algeria Modular Construction Market Share, By Type, By Value, 2019–2029

Figure 36     Algeria Modular Construction Market Share, By End User, By Value, 2019–2029

Figure 37     Rest of MEA Modular Construction Market Size, By Value (USD Billion), 2019–2029

Figure 38     Rest of MEA Modular Construction Market Share, By Material, By Value, 2019–2029

Figure 39     Rest of MEA Modular Construction Market Share, By Type, By Value, 2019–2029

Figure 40     Rest of MEA Modular Construction Market Share, By End User, By Value, 2019–2029

 

List of Tables

 

Table 1        Middle East and Africa Modular Construction Market Size, By Value (USD Billion), 2019–2029

Table 2        Middle East and Africa Modular Construction Market Share, By Material, By Value, 2019–2029

Table 3        Middle East and Africa Modular Construction Market Share, By Type, By Value, 2019–2029

Table 4        Middle East and Africa Modular Construction Market Share, By End User, By Value, 2019–2029

Table 5        Middle East and Africa Modular Construction Market Share, By Country, By Value, 2019–2029

Table 6        Saudi Arabia Modular Construction Market Size, By Value (USD Billion), 2019–2029

Table 7        Saudi Arabia Modular Construction Market Share, By Material, By Value, 2019–2029

Table 8        Saudi Arabia Modular Construction Market Share, By Type, By Value, 2019–2029

Table 9        Saudi Arabia Modular Construction Market Share, By End User, By Value, 2019–2029

Table 10      UAE Modular Construction Market Size, By Value (USD Billion), 2019–2029

Table 11      UAE Modular Construction Market Share, By Material, By Value, 2019–2029

Table 12      UAE Modular Construction Market Share, By Type, By Value, 2019–2029

Table 13      UAE Modular Construction Market Share, By End User, By Value, 2019–2029

Table 14      Qatar Modular Construction Market Size, By Value (USD Billion), 2019–2029

Table 15      Qatar Modular Construction Market Share, By Material, By Value, 2019–2029

Table 16      Qatar Modular Construction Market Share, By Type, By Value, 2019–2029

Table 17      Qatar Modular Construction Market Share, By End User, By Value, 2019–2029

Table 18      Kuwait Modular Construction Market Size, By Value (USD Billion), 2019–2029

Table 19      Kuwait Modular Construction Market Share, By Material, By Value, 2019–2029

Table 20      Kuwait Modular Construction Market Share, By Type, By Value, 2019–2029

Table 21      Kuwait Modular Construction Market Share, By End User, By Value, 2019–2029

Table 22      South Africa Modular Construction Market Size, By Value (USD Billion), 2019–2029

Table 23      South Africa Modular Construction Market Share, By Material, By Value, 2019–2029

Table 24      South Africa Modular Construction Market Share, By Type, By Value, 2019–2029

Table 25      South Africa Modular Construction Market Share, By End User, By Value, 2019–2029

Table 26      Nigeria Modular Construction Market Size, By Value (USD Billion), 2019–2029

Table 27      Nigeria Modular Construction Market Share, By Material, By Value, 2019–2029

Table 28      Nigeria Modular Construction Market Share, By Type, By Value, 2019–2029

Table 29      Nigeria Modular Construction Market Share, By End User, By Value, 2019–2029

Table 30      Algeria Modular Construction Market Size, By Value (USD Billion), 2019–2029

Table 31      Algeria Modular Construction Market Share, By Material, By Value, 2019–2029

Table 32      Algeria Modular Construction Market Share, By Type, By Value, 2019–2029

Table 33      Algeria Modular Construction Market Share, By End User, By Value, 2019–2029

Table 34      Rest of MEA Modular Construction Market Size, By Value (USD Billion), 2019–2029

Table 35      Rest of MEA Modular Construction Market Share, By Material, By Value, 2019–2029

Table 36      Rest of MEA Modular Construction Market Share, By Type, By Value, 2019–2029

Table 37      Rest of MEA Modular Construction Market Share, By End User, By Value, 2019–2029

Table 38      Katerra Company Overview

Table 39      Katerra Financial Overview

Table 40      Red Sea International Company Overview

Table 41      Red Sea International Financial Overview

Table 42      KEF Infra: Company Overview

Table 43      KEF Infra: Financial Overview

Table 44      Algeco Group Company Overview

Table 45      Algeco Group Financial Overview

Table 46      Aden Group: Company Overview

Table 47      Aden Group: Financial Overview

Table 48      Afripanel Company Overview

Table 49      Afripanel Financial Overview

Table 50      MEFAB Company Overview

Table 51      MEFAB Financial Overview

Table 52      Gulf Prefab Houses Factory LLC Company Overview

Table 53      Gulf Prefab Houses Factory LLC Financial Overview

Table 54      Premier Modular Limited Company Overview

Table 55      Premier Modular Limited Financial Overview

Table 56      Al Falaah DG Company Overview

Table 57      Al Falaah DG Financial Overview

Table 58      Elan Group Company Overview

Table 59      Elan Group Financial Overview

Market Segmentation

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Frequently Asked Questions (FAQs):

Ans: Middle East and Africa Modular Construction Market size was estimated at USD 6.32 billion in 2022.
Ans: Middle East and Africa Modular Construction Market size is expected to grow at a CAGR of 7.9% during the forecast period between 2023 and 2029.
Ans: Middle East and Africa Modular Construction Market size is expected to reach a value of USD 10.76 billion by 2029.
Ans: Saudi Arabia holds the highest market share in the Middle East and Africa Modular Construction Market.
Ans: The residential segment accounts for the highest market share in the Middle East and Africa Modular Construction Market by end user.
Ans: The concrete segment accounts for the highest market share in the Middle East and Africa Modular Construction Market by material.
Ans: Key players in Middle East and Africa Modular Construction Market include Katerra, Red Sea International, KEF Infra, Algeco Group, Aden Group, Afripanel, MEFAB, Gulf Prefab Houses Factory LLC, Premier Modular Limited, Al Falaah DG, Elan Group.
Ans: Major factors driving the growth of Middle East and Africa Modular Construction Market include rapid urbanization, a growing need for affordable housing, government initiatives to promote sustainable building methods, and a desire for faster project delivery. Additionally, the region's infrastructure development and demand for energy-efficient structures fuel the market's growth.