Mar 21, 2019   SOURCE: BusinessWire

Steel Building Market in the Middle East & Africa (MEA): 2019 to 2023 - Rapid Investment in Services & Tourism Sectors - ResearchAndMarkets.com

The "Steel Building Market in the Middle East and Africa (MEA) 2019-2023" report has been added to ResearchAndMarkets.com's offering.

The steel building market will register a CAGR of over 6% by 2023. The growth of industrial manufacturing in MEA is one of the primary factors driving the steel building market growth in the region.

The industrial sector is witnessing the highest adoption rate of steel building in the MEA market. Additionally, the industrial buildings are being constructed on the pre-defined timelines and with a limited budget. Therefore, the industrial builders are coming up with the solution of constructing steel buildings instead of constructing concrete buildings.

The construction of steel buildings is not only cost-effective but also takes lesser time than the construction of concrete buildings. Consequently, the growth of the industrial sector will drive the steel building market growth in the Middle East and Africa.

Rapid investment in services and tourism sectors

One of the growth drivers of the steel building market in MEA is the rapid investment in services and tourism sectors. The growth of the manufacturing industry in Saudi Arabia and the UAE is increasing, which is expected to increase the demand for steel structures in industrial and commercial sectors during the forecast period.

Low awareness and limited design flexibility in the residential sector

One of the challenges in the growth of the steel building market in MEA is the low awareness and limited design flexibility in the residential sector. The high importance given to aesthetics during the construction of residential buildings will hinder the market growth during the forecast period.

Competitive Landscape

The market appears to be moderately fragmented and with the presence of several vendors. The revenue in Saudi Arabia is increasing due to the introduction of value-added taxes and levying direct taxes and fees on incomes for its large expatriate population. Such factors attract new vendors toward this market.

This market research report will help clients identify new growth opportunities and design unique growth strategies by providing a comprehensive analysis of the market's competitive landscape and offering information on the products offered by companies.

Key Players

  • Al Shahin Metal Industries
  • Astra Industries, Saudi Arabia
  • Kirby Building Systems
  • Mabani Steel
  • Salam International Investment Ltd.
  • Zamil Industrial

Topics Covered

PART 01: EXECUTIVE SUMMARY

PART 02: SCOPE OF THE REPORT

PART 03: MARKET LANDSCAPE

  • Market ecosystem
  • Market characteristics
  • Market segmentation analysis

PART 04: MARKET SIZING

  • Market definition
  • Market sizing 2018
  • Market size and forecast 2018-2023

PART 05: FIVE FORCES ANALYSIS

PART 06: MARKET SEGMENTATION BY PRODUCT

  • Comparison by product
  • PEB - Market size and forecast 2018-2023
  • HRSS - Market size and forecast 2018-2023
  • Market opportunity by product

PART 07: CUSTOMER LANDSCAPE

PART 08: MARKET SEGMENTATION BY END-USER

  • Comparison by end-user
  • Industrial - Market size and forecast 2018-2023
  • Commercial - Market size and forecast 2018-2023
  • Residential - Market size and forecast 2018-2023
  • Market opportunity by end-user

PART 09: GEOGRAPHIC LANDSCAPE

  • Geographic comparison
  • Middle East - Market size and forecast 2018-2023
  • Africa - Market size and forecast 2018-2023
  • Key leading countries
  • Market opportunity

PART 10: DECISION FRAMEWORK

PART 11: DRIVERS AND CHALLENGES

PART 12: MARKET TRENDS

  • Green buildings in PEB
  • Workshop fabrication of steel structures
  • Increasing use of ERP, CAD and CAM

PART 13: VENDOR LANDSCAPE

  • Overview
  • Landscape disruption
  • Competitive scenario

PART 14: VENDOR ANALYSIS

  • Vendors covered
  • Vendor classification
  • Market positioning of vendors
  • Al Shahin Metal Industries
  • Astra Industries, Saudi Arabia
  • Kirby Building Systems
  • Mabani Steel
  • Salam International Investment Ltd.
  • Zamil Industrial

For more information about this report visit https://www.researchandmarkets.com/research/nbr7b2/steel_building?w=4